NEWS

The definition of "healing" and "traveling" on our social media feeds has undergone a significant shift. The weekend getaways to aesthetic cafes or staycations in five-star hotels are gradually being replaced by high-adrenaline pursuits.

Whether it’s a summit attack on Mount Rinjani, scuba diving with manta rays in Indonesia’s eastern waters, conquering trail ultra-marathons, or taking the leap with paragliding and bungee jumping. The You Only Live Once (YOLO) lifestyle has become a validation of living life to the fullest. There is a distinct sense of pride in pushing physical and mental boundaries while capturing epic visual content.

However, let’s look at the reality. Behind the adrenaline surge, physical and financial risks lie in wait. Responsible YOLO living doesn’t mean eliminating fear; it means knowing how to mitigate risk. This is where life and health insurance step in as your safety net.

For those of you who have extreme hobbies, it is important to understand the terms in life insurance before deciding to purchase it. First, buying financial protection has a concept similar to establishing a relationship, which is requiring honesty from the start or known as the term utmost good faith (principle of good faith). Both the customer and the insurance provider must be equally transparent. Often, for the sake of getting a cheap life insurance premium price, many people intentionally do not include their extreme hobbies. This practice of hiding facts (non-disclosure) is very fatal. If a risk occurs one day while performing that hobby, the insurance provider has the right to reject the claim entirely because the customer is considered to have hidden important facts.

Second, have you ever wondered why life insurance for people whose hobby is watching series in their room is more affordable than for people who have a rock climbing hobby? The answer lies in the assessment of occupational risk or professional and lifestyle risk. Because extreme hobbies increase the chance of accidents, it is only natural if the customer is charged an extra premium or loading (additional fee) so that the extreme sports insurance can be active and legally cover the customer’s activities within the policy.

Nevertheless, even though you have paid an extra premium, you are still required to pay attention to the exclusions or claim exceptions section. This is a crucial provision that must be understood when finding out the proper way to claim insurance. Never assume that having a policy means automatically all forms of accidents will be covered by the insurance company. The majority of standard policies exclude extreme sports such as air sports, motorsport, to winter sports. Therefore, you are required to request special approval or an endorsement if you want those high-risk activities to remain protected.

Securing yourself while performing extreme sports also means anticipating the worst-case scenario on the journey. For those of you who often travel alone, life insurance generally has an additional benefit feature (rider) called Accidental Death Benefit (ADB). This extra personal accident insurance protection is very important. If the risk of passing away occurs purely due to an accident that is not included in the exclusion list, the family left behind is entitled to receive double the Sum Assured. As an example, if the basic sum assured is Rp1 Billion, with this additional feature, the total compensation disbursed can reach Rp2 Billion.

In the end, pumping adrenaline through extreme hobbies will provide its own satisfaction and achievement, while insurance becomes the foundation to provide financial security. When filling out policy documents, you will be asked to determine a beneficiary or a legally appointed heir to receive benefits if you pass away first. Including the names of parents, partners, or siblings in this column before performing extreme hobbies is a form of great care and responsibility for the family.

Whatever your extreme hobby may be, ensuring the family's financial safety net remains strong is a wise step. Together with life insurance protection from PFI Mega Life, you have the freedom to continue exploring your potential.