Abstract
Insurance business can be distinguished on some reviews. It includes general
insurances, life insurances and reinsurances (on the basis of its function).
Based on its basic policy, it includes term life insurances, whole life insurances,
two beneficial insurances, insurances of investment unit (unit linked). Based
on its belongings, it includes national private-owned insurances, state-owned
insurances, foreign corporations-owned insurances, and multiplicity-owned
insurances. Based on the nature of its implementation, it includes voluntary
and compulsory insurances. Based on the business support activities, it includes
insurance brokers, reinsurance brokers, insurance loss assessor, consulting
actuary, and insurance agents. Mean while, mechanisms of Takaful (shari’a
insurances) include underwriting, insurance policies, premiums, management
of premiums, claims and insurance coverage. The main obstacles to develop
shari’a insurance are lack of socialization, limitation of human resources of
Takaful’s expert; lack of Muslim support, weakness of government support.
Keywords: Insurance, Shari’a, BPJS.
IAIN Tulungagung, Jl. Mayor Sujadi Timur No. 46