PT Jamsostek Pay Claims Rp 59 Billion

Padang, Indonesia - PT Jamsostek had paid claims of more than Rp59 billion in West Sumatra. Among others, to guarantee 1014 work accident cases with a value of collateral Rp4, 4 billion, the 7541 pension labor warranty with the Rp51, 7 billion. Then, 131 life insurance to the value of labor compensation Rp3, 4 billion. While the overall security payments since 1978-September 2011 has been paid Rp47, 17 trillion from 175.4 million cases.

Service Director PT Jamsostek, Djoko Sungkono on the sidelines of the giving of a unit of Dr Reksodiwiryo ambulance to the hospital yesterday (23/12) said that, as public programs, social security programs provide for certain rights and obligations for companies and labor, so neither the company nor labor can get legal certainty and protection.

To realize this commitment, said Djoko, commencing December 1, 2011, PT Jamsostek Limited has provided additional benefits for heart surgery, cancer, dialysis and HIV / AIDS are also medical check-ups for workers aged 40 years and above for workers assurance program participants health maintenance. "The granting of this benefit is held simultaneously throughout Indonesia," said Djoko.

Mentioned, the development of membership jamsostek until September 2011 is quite remarkable with 245 693 companies and 33.9 million workforce. Special to PT Jamsostek Region I covers an area of ​​North Sumatra, West Sumatra and Aceh, Social Security membership from January to November 2011 2.538 companies with achievement of about 101.49 percent of the company's 2501 target. While the labor force numbers 136,057 workers to the achievement of 105.76 per cent of the target of 128 650 workers.

From the achievements above, the light Djoko, there is a contribution of West Sumatra branch office that is 441 company with 24,847 workers. He added that the addition amount of such membership, an active participant in the Region I Social Security until November 2011 at 12 823 companies with 565,530 workers. "Among other things for a branch office in West Sumatra there are 2436 companies with 85,899 workers," said Djoko.

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Panin Life will add 1500 agents next year

JAKARTA. The rapid business unitlink make life insurance companies vying to hoist the acquisition of the investment-based insurance products in the next year. Just look at the gait Panin Life, which next year will add about 1,500 new agents for the sake of hoisting the acquisition premium.

Now this number of agents in a subsidiary of the Panin Group of 3200. Year-end target of 3500 agents. "Going forward, the agency still must run parallel with bancassurance," said Vice President Director Simon Imanto Panin Life, Thursday (22/12).

Actually in Panin Life, currently the largest contribution to the distribution line is bancassurance, which is 70%. The remaining agencies 15%, and a combination of group insurance, direct marketing, and sharia by 10%. Panin Life Bancassurance because cooperation with major banks such as Bank Panin, Commonwealth, ANZ and DBS to market the product.

Simon said, next year unitlink still growing. But they do not want to rely solely bancassurance. Moreover, the insurance is in the process of licensing two new products for individual segments. Well, in order to more aggressively marketing this product will use an agency.

The agents certainly be certified. So secure in marketing products unitlink. Additional agents to hoist the acquisition premium of Rp 3.2 trillion aka grew 23% from this year. As an illustration, of the total target of Rp 2.2 trillion in premiums in 2012 through November already collected Rp 1.9 trillion.

This figure grew 70% compared to same period last year. Largest contribution was from unitlink, the remaining 90% of traditional products. Next year, Panin Life set a target of Rp 3.2 trillion atawa premiums grew 23% from this year's target.

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Bakrie Life insurance agents are more responsible than the Bakrie Life itself

If the owner of Bakrie Life can be arbitrarily broken a promise to refund the customer, not so with the agent. In the midst of limited income, they seek to restore customer funds Bakrie Life.

Six years ago, Oki Mulyades be smiling broadly. He managed to carve achievements as Best Life Insurance Financial Consultant at Bakrie. And he easily obtain income into the coffers of Bakrie Life agent.

But now just a shame that hanging themselves this 26-year-old man. Relatives demanded the right to payment of Bakrie Life. Understandably, formerly Oki Bakrie Life to sell more products to them and also to close friends.

As a result, certified life insurance agent Life Insurance Association of Indonesia (AAJI) with license number 012 119 is helter-skelter to take care of disbursement of customer funds. One of their contracts expire November 2010. "My uncle is the customer all Bakrie Life by life assurance policy number 03-41.2004.07672. Supposed to benefit from the cash value at the end of last year. Rather than dilute the benefits, the company's insurer even stumble problem," said Oki to KONTAN, yesterday.

In fact, there are 15 policies out of 10 relatives and colleagues. Each policy is different from one another benefit. Some take all life assurance, personal accident, plus the assurance to education for their children.

Rice has become porridge. Oki broke his career where he first heard of the company like a precarious.

Oki who began his career come from branches of Bandung, West Java, was asked to fight for the right customer is handled. "It was strange to collect the cash value of the benefit promise only piece of the company's group insurance business big fish," said Oki.

Lena had another story. Former employees of this bank intends to help Aan, who became his partner Bakrie Life insurance agent to find customers. He recommends Listyani to invest money through an investment-based life insurance products, Diamond Investa.

Instead of thanks, the woman who lives in Bandung, this fact must bear the moral weight when received Listyani nevertheless guarantee protection. "I am not an agent. I go awry when Listyani demand accountability," he concluded.

Aan as an insurance agent who closes Listyani coverage declined to comment. He claims to have resigned from Bakrie Life since November last year. "Since I was not in charge. Please contact Iceuh in Bakrie Life," said Aan.

Iceuh insurance claim is not an agent, but employees Bakrie Life. When contacted further, Iceuh can not speak much. He asked contacted later.

While Ubaidillah must be willing to live without savings. He has a duty of more than Rp 20 million, which comes from 10 customers Bakrie Life that he had "prospects". They are relatives and friends nearby. "My salary at the company now only USD 2.5 million. Of the 10 people, I just paid off one of Rp 2.7 million," he explained.

He admitted to not get your hopes up his money back. "According to the agreement, if the return policy before maturity only got half. Yes, hopefully right back in half, so that funds could be to pay for my other clients," he explained.

Just for information, relatives and colleagues Oki, Ubayd Allah and Lena just a fraction of the victims of Bakrie Life insurance products. Activity Bakrie Life itself has been discontinued since the case of default of 250 customers Diamond Investa (DI) with a total fund of Rp 360 billion stagnate.

Previously, Head of Insurance Bureau of Bapepam-LK, Isa Rachmatarwata estimates, the debt owed to non-DI customers around Rp 50 billion. The problem is exactly the client IN.

When contacted KONTAN, President Director of Bakrie Life Timoer Soetanto admitted, Bakrie Capital Indonesia (BCI) as the holding company and other business groups are still seeking settlement of obligations. "But we have not dared to schedule because there are no funds," he explained.

Ironically, instead of putting mortgage payments a refund, instead pursuing BCI broadcasting rights football World Cup 2014 in Brazil. BCI willing to spend enough for the broadcasting rights.

Early last week, the Insurance Bureau of Bapepam-LK back Bakrie called Life and parent management business. The meeting was reportedly to admonish Bakrie Life to immediately make a payment. Unfortunately, such a meeting after the meeting deadlocked. Bakrie Life is often raised their hands when mugged settlement obligations. Is this management strategy to gain time until regulators decided revoke the business license?

If so, regulators are no longer authorized to persuade Bakrie Life restore the lost funds. Bakrie Life is also survived the demands of the customer, unless the company distributing the remaining assets, including notes secured medium. Even then, if the debt is really still there.

Strange, large companies and holders of the 2014 World Cup broadcasting rights, really, unable to pay its customers a free piece of the fund.

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This year, Bakrie Life does not pay the mortgage

JAKARTA, Indonesia - If there was a survey, whichever is most fond of the company reneged on a promise, Life Insurance PT Bakrie (Bakrie Life) would be number one.

The company reneged on a promise to pay back the refund installment Diamond Investa customers associated cases of default. Throughout this year, Bakrie Life did not pay the mortgage principal to 250 customers of Rp 80 billion.

Not to mention, the remaining arrears September and December last year to Rp 28 billion, including interest payments in the month of August to December 2011 which reached USD 8 billion. The customers are forced to bite the fingers.

Freddy Koeshariono, customer representatives Diamodn Investa was disappointed over the attitude of Bakrie Life. According to him, Bakrie has violated an agreement with installment refund, as contained in the letter agreement (LCS) between the management of Bakrie Life with customers. "This letter formally signed by both parties," he said, Wednesday (21/12).

In fact, the requesting scheme in installments that just the management of Bakrie Life itself. Because do not see other opportunities, the customer accepted the offer, which is then poured in the LCS. "Ironically, they deny themselves," he said.

Lie Hendy, another customer to make sure, Bakrie Life will not complete its obligations until the end of this year. He obtained the assurance that after visiting the office of Bakrie Life.

In fact, according to LCS, should Bakrie Life early next year have paid off the remaining obligation as much as 50%. While another 50% in installments. "To date, no refund up to 30% of total customer funds," said Lie.

President Director of Bakrie Life Timoer Soetanto previously said it could only await capital injections from Bakrie Capital Indonesia (BCI) as the holding company. "We can not promise anything. Payments depend on wholesale funds business, "he stated. Surprisingly, the BCI is more willing to disburse funds to win the 2014 World Cup broadcasting rights in Brazil

Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) actually requires that Bakrie Life provide periodic reports every week. The report contains, among others, the communication between the directors and the client. "With or without development, Bakrie Life shall submit reports to us," said Head of Insurance Bureau of Bapepam-LK, Isa Rachmatarwata, recently.

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Sun Life Premium Income Reaches USD 638 Billion

JAKARTA, Indonesia - The insurance company PT Sun Life Financial Indonesia (Sun Life) announced its financial performance for the third quarter of 2011, Thursday (17/11/2011) in Jakarta.

The company's total premium income reached USD 638.1 billion, an increase of 28 percent from Rp 498.3 billion in the third quarter in 2010. "We are delighted that in the third quarter of 2011 to grow our business profitably," said Bert Paterson, Country Manager of Sun Life Financial Indonesia.

Bert hope to capitalize on this momentum in the fourth quarter. Support comes from the availability of the products value-for-money is expected to meet the needs of our customers.

As of October 31, 2011, Sun Life has more than 4,800 agents in 43 sales offices in 29 cities across Indonesia, five partner banks, a non-financial institution partners, and more than 200 telemarketers.

In addition to premiums, First Year Premium income (including Single Premium) the company also rose about 44 percent to the Rp313, 1 billion. Premium Income Unit Link to Rp 424.3 billion, while in the same period last year Premium Income Unit Link is Rp207, 6 billion.

That makes the Sun Life's total assets reached Rp 4.46 trillion, up 2 percent from the third quarter of 2010.

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The insurance industry will grow 30 percent

Jakarta, Indonesia - The insurance industry in 2012 will experience growth of approximately 25 percent to 30 percent, said Department Head of Bancassurance Channel Distribution Life Insurance Association of Indonesia (AAJI), Handojo Gunawan Kusuma.

On Wednesday, he said that the increase in growth was driven by increased market share in the segment of the middle class to bottom.

"The population of Indonesia society's fourth largest in the world with 238 million inhabitants. Of this amount still many who do not use insurance," he said.

Seeing its development, he considered, insurers in various parts of the world will continue to experience growth, particularly in developing countries, including Indonesia.

With an average growth of double digits through 2014, according to him, then the total assets of life insurance industry is estimated to reach Rp 500 trillion.

"Until now the industry's total assets had reached Rp249 trillion souls," he said.

Meanwhile, Head of Distribution Channel AAJI, Oemin Handayanto, said that efforts to increase public awareness of insurance must involve all parties, including the government and the insurance company itself.

"The government could help strengthen education in the field, while the insurance companies also do not ever tired to strengthen the performance of his agent," said Oemin.

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2023, Indonesia Lead the World Islamic Finance Industry

JAKARTA, Indonesia - The development of Islamic financial industry in Indonesia is predicted to continue to grow in 2012. In fact, Indonesia is predicted to lead the world's Islamic financial industry in 2023 with total assets of 1.597 trillion U.S. dollars.

In 2023, the world's Islamic financial industry is predicted to have assets of up to 8.6 trillion U.S. dollars. Indonesia Islamic finance industry's assets will be in Pakistan which has assets of over 1.388 trillion U.S. dollars. Third world Islamic finance industry will be held in Bangladesh with total assets of 1.154 trillion U.S. dollars. The predictions presented in the Islamic Finance Intelligence Summit in Kuala Lumpur, Tuesday (15/11).

Indonesia Islamic financial industry would defeat the Islamic countries and the Middle East. Egyptian Islamic financial industry assets in 2023 only about 624 billion U.S. dollars, followed by Turkey with assets of 581 billion U.S. dollars. Other Islamic countries, Iran, will have assets of Islamic financial industry for 581 billion, followed by Sudan (204 billion U.S. dollars), and Saudi Arabia (198 billion U.S. dollars).

Countries that have Islamic finance industry will be missed from Indonesia such as the UK, Yemen, Syria, and the Union Arab Emirate (UAE). England will have assets of Islamic financial industry for 190 billion U.S. dollars in 2023. The number is followed by Yemen (187 billion U.S. dollars), Syria (163 billion U.S. dollars) and UAE (94 billion U.S. dollars). Malaysia, which currently has assets of Islamic financial industry will be far the largest in Asia behind Indonesia, namely to 133 billion dollars in 2023.

According to Islamic economists, Adiwarman Anwar Karim, Indonesia has the potential to be the center of the world economy. The potential was backed by two major factors namely population size and creativity. "The potential is hampered by its nature difficult market driven," he said, Wednesday (16/11).

There are four types of industries that will flourish in Indonesia in the future, namely the Muslim fashion industry, halal food, the media with the content of Islam, and Islamic finance. Islamic finance has the potential to grow significantly in the future despite its current market share is still less than 4 percent. Indonesia Islamic bank customers now have 10 million, plus 3.5 million Takaful.

"With a total of 13.5 million that was equal to the total population of Muslims in Malaysia and the next year Indonesia Islamic financial customers equals the number of citizens of Saudi Arabia," he said.

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Avrist Grow Quality of Life

MEDAN, Indonesia-As the life insurance company backed international financial institutions in Indonesia, PT Avrist Assurance (Avrist) play an active role in raising public awareness on the development of the quality of family life, both in terms of health and finance.

Vice President Avrist Assurance Director, Adi Purnomo Wijaya said, judging by data AAJI (Life Insurance Association of Indonesia) as of the end of 2010, the total number of life insurance penetration in Indonesia is still low at 13.52 percent.

So, Avrist present to remind how important a quality of life balanced with awareness and concern for the health to financial planning and the importance of life insurance protection for families.

Make it happen, Avrist Assurance held an activity named Avrist Purple Movement with the theme of Healthy Life, Healthy Food and Healthy Finance. Healthy for Life activities is Fun Bike, Fun Aerobic and Health Clinic of health checks and free medical consultations in collaboration with Columbia Asia Hospital and the Hospital Martha Friska Medan.

Meanwhile, a bazaar Healthy Food healthy eating and healthy cooking demonstration by Chef Tatang. Finally, event-filled Healthy Finance Financial Clinic and brought Hendri Hartopo in providing information and various tips on the management. And family financial planning effective and efficient.

"Many of these activities we held in Medan Citadel Square, followed by staff Avrist Assurance and toned appearance bands capital and the division of door prizes," he said.

Previously, the same activity has also been held in Silang Monas Jakarta on 30 October 5700 and followed participants. "The city of Medan, we are targeting more than 3,000 participants attended and later we also held similar activities in Surabaya on 4 December," he explained.

Meanwhile, Kathyn M Parapak as Head Of Corporate Marketing and Communications Avrist Assurance add Avrist Purple Movement itself inspired by the motto Avrist Advancing Life Assurance, which is interpreted from the purple color Avrist identity.

"The color purple reflects the well-being so we would expect Avrist a motion for the community to promote the welfare of yourself and your family in terms of both health and finances," he said.

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Potential Microinsurance Help 77 Million People

Indonesia, Micro-insurance has the potential to help a third of Indonesia's population, or about 77 million people who have no insurance or savings. Given the large potential market share, private insurance companies are now seeing interest to develop products for the poor.

Stefan Koeberle, World Bank Country Director for Indonesia, said the incident unexpected events in life such as falling sick, accident, job loss, crop failure, or death for anyone having a big impact, but the impact of these events was far worse for the home low-income households. "It's important it was for poor families to be able to support themselves and mitigate those risks, without any additional financial burden," said Stefan.

Micro-insurance is one of the key components of the national strategy for financial inclusion in Indonesia, by providing insurance products to low-cost broad market segments and has not served until today. In addition, micro insurance is able to bring Indonesia closer to achieving financial inclusion.

To that end, the World Bank with Insurance Council of Indonesia and the International Finance Corporation to host the Micro Insurance Exchange (Microinsurance Markerplace) the first in Indonesia. With the implementation of these exchanges, Stefan hopes to stimulate innovative ideas for microinsurance.

"Stock microinsurance is an opportunity for stakeholders in Indonesia to learn from international experience in providing protection for the poor from the financial side. Important as that micro insurance solutions to Indonesia emerge from this country, therefore these exchanges also provide space for industry players at the grassroots level to demonstrate their innovations, "he explained.

According to him, there are several factors that until now still hamper the development of microinsurance in Indonesia. From the demand side, still very little awareness of the importance of insurance, lack of insurance products are intended to respond to the needs of the poor, the perception that insurance is only for the rich, and lack of trust those who provide insurance. From the service provider, an insurance contract (policy) is very complicated to dimengeti, billing claims are very time consuming and bureaucratic, as well as high transaction costs make insurance products available today are too expensive for the poor.

Simanjuntak Cornelius, Chairman of the Insurance Council of Indonesia urged the Indonesian government and the insurance industry needs to play better in the community educating the poor about the benefits of insurance. Because it is in line with national strategies for making financial services more affordable and accessible. It is becoming increasingly important because Indonesia is a country highly vulnerable to natural disasters such as earthquakes, tsunamis and volcanic eruptions. "Microinsurance for groups of low-income families have the potential to stimulate the industry in creating innovative products and competitive. It also could provide an alternative for the government to pay direct cash assistance to the poor by more efficient, "he said.

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Axa Mandiri OJK Support Implementation

JAKARTA, Axa Mandiri The insurance industry supports the implementation of the OJK. This rule is very positive for the development of the insurance industry. Hopefully, no longer the case rules that overlap so that Axa Mandiri could further improve its performance. Until the third quarter of 2011, Axa Mandiri's net profit reached Rp 591 billion.

President Director of Axa Mandiri Financial Services Albertus Wiroyo revealed it in the performance of Axa Mandiri exposure in the third quarter of 2011 in Jakarta, Tuesday (11/08/2011). In addition to performance, she asked for ratification of the response related to the Draft Law Financial Services Authority which recently passed the House.

Albertus said, for this industry engaged in bancassurance is very dependent on the regulation of Bank Indonesia and the Bureau of Insurance. Supervision will be better again. Regulation will be organized so that competition becomes more fair.

About the charges, I think so far is still reasonable. If I see advantages in encouraging the performance of the insurance industry, course fees can still be tolerated, said Albertus.

In his presentation, Axa Mandiri just recorded a net profit in the books of the third quarter of 2011 amounting to Rp 591 billion. This number increased 76.5 percent over the same period in 2010 amounting to Rp 335 billion. In fact, has exceeded earnings during the year 2010 amounted to Rp 479 billion.

In the third quarter of 2011, total premiums Axa Mandiri to Rp 3.731 trillion, an annualized new premiums pertahungan reached Rp 2.331 trillion, the fund managed to Rp 9.376 trillion, and the results of non-unitlink investment reached USD 92.4 billion, as well as the strength of its total assets of Rp 10.213 trillion.

Iwan Pasila, Chief Financial Officer of Axa Mandiri, explains, "Investments to be very careful because we also provide some sort of warranty to the customer in order to pay at maturity. For the on-unitlink, we tried on the assets that roughly match the investment characteristics. "

Director of Sales Axa Mandiri K Kadarisman said, there are some channels that have not been optimally developed. Axa Mandiri will optimize the development of micro businesses.

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