Jamsostek immediately run business Syariah

JAKARTA. Jamsostek plan went into business soon realized sharia. Through a new subsidiary, Jamsostek will start business in the second half of this year. Islamic finance is going to target the real sector.

The new subsidiary is the Indonesia Investment Company (IIC). Jamsostek is a business venture with the Islamic Corporation for the Development of the Private Sector (IDC). IDC is a subsidiary of the Islamic Development Bank (IDB) is based on sharia.

Evlyn G. Masassya, Director of Jamsostek Investment explained that his party will pay the capital of Rp 1 trillion in the child's efforts. This makes Jamsostek as the majority shareholder, which amounted to 55%. While IDC pocket 45% stake.

Jamsostek is planning IIC as an investment company since 2009. Initially, the company will be called Jamsostek Investment Company (JIC), but later changed its name. In addition, Jamsostek has also been targeting the company's operations in 2011. "We have to get permission from the Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK)," said Evlyn, after meeting with the House on Thursday (16/2).

Jamsostek is now living management business establishment is finalized. In fact, Jamsostek has been carrying out the recruitment of several strategic human resources to run the new subsidiary. "The first half is doing the preparation, recruitment and maturation of human resources of the company," said Evlyn.

When the stage went smoothly, the company will operate by targeting real sector, especially infrastructure and power plant. Management chose this business because of the huge market potential. As a developing country, Indonesia needs a lot of infrastructure development and power generation.

Just a reminder, the JIC is Jamsostek plan Incorporated. Later, Jamsostek Incorporated subsidiary in charge of 6.

For Jamsostek, it seems as direct investment easier. The company has an investment fund of up to Rp 44.6 trillion in 2012. Of that amount, the portion of investment in a portfolio of direct investments
Rp 1.5 trillion or 1.2%.

Unclaimed funds inconclusive

Two years to restore Jamsostek "no-man's money", but not completely successful. Rp 4.4 trillion of funds, new $ 500 billion that has been channeled.

Hotbonar Sinaga, Director of Jamsostek, admitted the difficulty to restore the funds. Moreover, many companies are former participants Jamsostek work already closed. "The address of last owner hard to find," said Hotbonar yesterday.

Management has also been open long-distance service over the phone 121. However, only a few participants who withdraw funds Jamsostek.

A reminder, unclaimed funds is money that Jamsostek participants who had settled about 33 years, but forgot to thawed.

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Workers Need Social Security

JAKARTA, KOMPAS.com - The management of PT Jamsostek (Persero) continue to boost the amount of participation. Workers need a social security so that they can work more quietly and productivity increases.

Director of Membership Ansyori Jamsostek Ahmad argues, it optimizes the National Movement involving Mandatory Social Security Employers' Association of Indonesia, unions, the Ministry of Manpower and Transmigration, the Ministry of State Owned Enterprises, and local governments. Social Security is the right of workers according to the Act (Act) No. 3 of 1992 on Social Security.

According to the Act, Social Security Insurance program runs Accidents, Health Insurance, Old Age Security, and Security Death. Workers and employers to pay a fee sharing program, except Health Insurance fees are fully paid by employers.

Over the last two years, Social Security is also working with high prosecution in Indonesia for law enforcement. So far, there have been several companies that are reluctant to run the Social Security Act are processed entirely legal.

Currently, there are 153 938 active companies pay dues regularly and 100 140 inactive. As of 34.28 million workers who participated in Social Security, 10.25 million active paying dues and 24 million people no longer pay dues.

Previously, Director of Social Security Hotbonar Sinaga states, proposing Social Security Minister of Manpower and Transmigration No. 24 of 2006 on the Employment of Foreign Manpower increased to government regulations. Permennakertrans Social Security is a legal basis to hold informal workers as participants in the program.

Of the 117.4 million person work force by Indonesia in August 2011, 70 percent of them are informal workers. They generally work independently without an employer or self-employed, but also requires the social security.

Although Social Security will move into the Social Security Administering Bodies (BPJS) employment since January 1, 2014, which effectively operate from July 1, 2015, in accordance with Law No. 24/2011 on BPJS, management continues to improve its current membership number. "The increase in benefits for the participant is still our focus," said Hotbonar, Tuesday (02/14/2012) in Jakarta.

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Feng Shui Mandiri Card with the lure of insurance

JAKARTA. PT Bank Mandiri Tbk (BMRI) has always tried to seize the opportunity to embrace new customers separately. Coincide with the Year of the Dragon, bank-owned status (SOEs) has launched the latest credit card products.

By carrying the name of Feng Shui Mandiri Card, this card is expected to further strengthen the business Mandiri in the credit card segment both in terms of the transaction or the customer side of the card holder.

Until December 2011, the amount of bank credit card holders with stock code BMRI it reaches more than 2.3 million customers and value of transactions (unaudited) above Rp15 trillion or an increase of more than 20% over the previous year. Growth was well above the market average in the range of 7%. Was based on unaudited data, non-performing loan (NPL) or bad credit plastic money business is only 2%.

Executive Vice President Coordinator Consumer Finance Bank Mandiri Mansyur S Nasution said the Independent Feng Shui Card is a product of collaboration with MasterCard Worldwide are designed specifically according to the principles of Feng Shui consultation with renowned Feng Shui Master.

"Through this product, we want to take advantage of the moment of the Lunar New Year which has just passed to target consumers with particular preference level, especially those who base their business decisions on the calculation of Feng Shui," said Mansyur.

Feng Shui Card published independently in the five card designs where each design has a major natural elements combined with the element of luck. Water with Metal, Wood with Water, Fire with Wood, Land of the Fire and Metals in Soil. Elements, elements, symbols and colors of this card has its own basic nature. The combination of the element of choice that is believed to bring positive energy, balance is also good luck to the cardholder.

Another unique feature of Mandiri Card Feng Shui is the use of eight initial numbers from MasterCard Worldwide special card, which is 5573 3888 which means wealth, away from obstacles and hostility and brought closer to the direction of prosperity.

The lure of insurance

As a sweetener, the owners of the Feng Shui Card Mandiri will pocket the insurance protection in the form of travel insurance, free travel insurance premiums is to protect the card holder if you buy tickets using a credit card with a self-insured for a maximum of Rp 5 billion. Card holders also receive the protection of travel inconvenience insurance, ie insurance premiums free travel inconvenience caused delays for planes up to Rp10 million and lost luggage of up to Rp. 25 million for each trip.

In addition to insurance protection, the Self Feng Shui Card holders will also be able to enjoy the airport lounge facilities at some airports in Indonesia in cooperation with Bank Mandiri and double power points program, in which for every transaction valued at Rp 2,500 customers will receive 2 power points that can be collected to be exchanged with a variety of fantastic prizes.

"With the various advantages and unique features offered, we expect new products Mandiri credit cards are well accepted by consumers in this country as one means of payment options in everyday transactions," said Mansyur.

Meanwhile, Matthew Driver, Division President, South East Asia, MasterCard Worldwide, said he was deeply appreciates the cooperation with the Independent, as one of the largest commercial bank in Indonesia, the launch of this Feng Shui Mandiri card.

"At MasterCard, we are committed to working with its member banks to innovate to meet the needs and aspirations of our card holders. Bank Mandiri is one bank in Indonesia that has appeal to a wide range of customers, so the credit card MasterCard Mandiri Feng Shui is designed to provide convenience for the cardholder transactions and travel easily, "said Matthew.

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Without RDI, investors can still deal

JAKARTA. The implementation of retail customer accounts segregated securities firms began February 1, 2012 appeared to still be tricked. Many retail investors are still able to transact the sale of shares, although not yet have your own account alias account of customer funds or investors (RDN / RDI).

Yunita Lindasari, Head of Transaction Securities Institute of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) said it encountered offense in the application of RDI. "Some customers without RDN remains transact the sale of shares," said Yunita, during a press conference on Friday (3/2).

Unfortunately, Yunita reluctant to specify the amount and the rogue investor transactions. Yunita also silent about companies and securities that facilitate the transaction. The reason, it still must examine the case further. "We have to check and re-check first," said Yunita.

He just said, than 320,000 retail investors, who have had RDI per February 1, 2012 as many as 78 635 people. Then, as many as 29 000 investors have already committed to RDN. With that commitment, investors will have the RDN in the coming days.

Sanctions

Yunita confirmed, it will drop the witnesses for the parties that the policy violates the separation of the account. For customers, Bapepam-LK ready to drop the administration witnesses. As for the company in effect, a warning will be sanctioned. "We'll watch the first, and will provide penalties, recall, suspension, until a fine," said Yunita.

Ananta Wiyogo, President Director of Indonesian Central Securities Depository (KSEI), declined to elaborate, the cause of the violation. To be sure, KSEI know all of the stock trading at the Indonesian Stock Exchange. "I can not answer because it is internal consolidation with Bapepam-LK," said Ananta.

Bernard Thien, President Director of CIMB Securities Indonesia ensure that violations do not occur in the company. "Because all our customers who do not have direct RDN suspended, may not be able to transact the sale," said Bernard.

CIMB Securities Indonesia has about 4,000 retail customers. Of that total, only 50% are active. "As of February 1, 2012 There are thousands of customers affected by the suspension because it does not have the RDN," said Bernard. However, Bernard added that customers who do not have the RDN by February 3, 2012 hundreds of people living alone.

Record, according to Circular Letter No. 01/2012 on Account Opening Funds on Behalf of Each Customer, investors are prohibited from trading transactions without having RDN per February 1, 2012. Investors are only allowed to complete the transaction before the transaction.

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AAUI proposing five new proposed designs beleid

JAKARTA. General Insurance Association of Indonesia (AAUI) ultimately determine the attitude of the draft regulations related to the finance minister (RPMK) about the marketing of insurance products. AAUI beleid proposed design is more flexible especially about the application of an actuary, the name of insurance products, experts, provision of marketing two insurance companies, and bancassurance.

"Essentially we do not reject but suggested that better," said Julian Noor, Executive Director AAUI, Thursday (26 / 1).

AAUI proposal, first about the naming of products. In the design of new beleid, naming an insurance product must be distinguished from other insurance products. AAUI specifically requested that the public insurance, there are two levels of standard products and product modifications to the basic alias. The product does not need mandatory standards named but the modification does not matter if you have a different name. "Because if a standard product in exactly the same model everywhere," said Julian.

The second matter of actuaries. Beleid new steering committee requires that the product contains an actuary. The use of actuaries in general insurance is nothing new. Well AAUI asked that the general insurance actuary consultants are allowed to recruit without having to hire an actuary as a permanent employee. Because without having recruiting, companies do not need to spend operational expenses.

However AAUI also provide another alternative. If the regulator still requires, the tolerances required insurance companies have actuaries extended. In the draft beleid, tolerance given 3 years to have adjunct actuary, and 5 years of age should already have a fellow actuaries. AAUI ask for 5 years to 8 years adjunct fellow actuaries and actuaries.

All three experts about the use of obligations in each line of general insurance business. This rule is burdensome, if the insurance company has 13 lines of business. So AAUI proposed that experts be allowed to handle per group not per line of business. For instance, experts can handle marine cargo and surety ship. "In order to do because there is no expert companies can not operate," he continued.

Fourth on the provision of joint product marketing. In the draft beleid, each product marketed jointly between the insurance must be submitted to the Minister of Finance. AAUI asked that a special mechanism of co-insurance is not included that should be reported to the finance minister. Examples of co-insurance, a property guaranteed by the two insurance companies. But for the consortium is not a problem.

Last about bancassurance products. AAUI proposal relating to product collateral and assets not included bancassurance category. Examples relating to this, the insured credit guarantees. "We support this input so that the rules but the rules will also make good," added Cornelius Simanjuntak AAUI Chairman.

Responding to proposals AAUI, Head of Insurance Bureau of Bapepam-LK, Isa Rachmatawarta can not yet responded. For a while it accommodate all proposals from the insurance industry. "We are now examine all the input from AAUI," said Isa Rachmatarwata.

In addition, this new design to enhance your beleid Minister of Finance Decree (KMK) No. 422/KMK.06/2003 on Implementation of Business Insurance and Reinsurance Company and KMK No. 426/KMK.06/2003 of Institutional Business Development and Licensing of Insurance Company and Reinsurance. The purpose of new beleid later to tighten spending, development and marketing of new insurance products.

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TX Hold Axa Travel Indonesia, Give Free Insurance

TX Travel continues to innovate. This time with PT TX Travel Insurance Axa Indonesia by providing free travel insurance for every purchase of domestic and international tickets purchased at all outlets TX Travel.

According to Anthony Thedy, TX Travel Managing Director, as a concrete manifestation of this program to provide added value and enhance relationships with customers. "We prioritize customer satisfaction, because by providing services that satisfy customers, TX Travel can grow and grow," he said.

As the franchise's first travel in Indonesia, TX Travel which was developed since 2004, until late last year already has 158 outlets across Indonesia. According to Anton with existing outlets, every day TX Travel could sell about five thousand tickets for both domestic and foreign airlines. This year he aims to add about 20-25 outlets are developed with a franchise model.

Admittedly, in terms of selection is relatively tight, due to become a franchisee, other than the location of the key considerations should also get the TX Owners who will run the franchise business. In addition, he set a franchise fee of about Rp 50 million and a royalty fee of 1-3 million / month. Total investment to add new outlets around Rp 400 million to be able to sell airline tickets, hotel vouchers and tour products of domestic and foreign tourism.

Elvis Liongosari, President Director of PT Indonesia Axa Insurance, added, this strategic partnership is a strategy Axa Indonesia to plunge into the retail business requires the right distribution channels for products offered can be accessed easily throughout Indonesia. "With so many outlets in Indonesia TX Travel distribution for our travel insurance can be facilitated," said Elvis. Moreover, this program melalaui customers will not be charged an additional fee to pay a premium every purchase tickets at any outlet TX Travel and already get insurance coverage directly for personal accident, medical expenses due to accidents and the risk of terrorism during his stay in the aircraft with a maximum benefit of Rp 30 million .

According to Elvis, trip insurance is an excellent product to go retail, even at this time he had been holding about 100 companies in Indonesia tours & travel. Moreover, the current Axa Indonesia, including three in this business. In terms of growth, the current travel insurance has grown about 35%. Axa Indonesia late last year recorded a premium income of about Rp 375 billion, this year is targeted to grow about 25%. Contribution, health insurance (25%), cargo (25%), commercial (30%) and retail (travel, cars and property) approximately 20%. "The contribution of tour & travel last year about 5%, and this year is targeted to increase to 8% -10%," says Elvis.

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Sun Life Financial Obtain Award from Corporate Knights

Sun Life Financial is the only insurance company in North America who voted in the Global 100 Most Sustainable Companies in the World for 2012. The survey was conducted by Corporate Knights magazine and announced at the World Economic Forum in Davos, Switzerland.

"Sun Life is one of six Canadian companies from all industrial sectors are selected in this list" said Dean Connor, Chief Executive Officer of Sun Life Financial. "This ranking is a testament to our commitment to manage the sustainability of the things that are proactive in our business. As a company that develops and provides long-term financial products, we make a promise that will be valid for decades to come. "

The existence of Sun Life as the only North American insurance companies in the Global 100 also becomes an affirmation to our customers that Sun Life Financial focuses on the needs of the community. "Being sustainable emerged as a competitive differentiator. Moreover, many customers who want to do business with companies that are in line with the values they profess. This means keeping Sun Life, a financially strong, with effective governance and innovation that will bring a bright future, "said Connor again.

This year, Corporate Knights ranking methodology to revise them and impose more stringent requirements to demonstrate continuous performance of the company. This is the sixth year of Sun Life took this position. Besides listed in the top 100 Global, Sun Life Financial is the only life insurance companies listed in the 50 Best Corporate Citizens of Canada (Canada's 50 Best Corporate Citizens) version of the Corporate Knights in 2011 and "Reliable Life Insurance Company" in Canada according to a survey of consumers about the brand trusted conducted by Reader's Digest in 2011.

Sun Life Financial is an international financial services organization that provides a variety of protection products and the accumulation of wealth for individuals and corporate clients. Founded in 1865, Sun Life Financial and its partners are currently operating at world's major markets, including Canada, the United States, Britain, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of 30 September 2011, Sun Life Financial group of companies had total assets under management of CDN $ 459 billion.

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AAJI ask for clarity about the tax unitlink

JAKARTA. Since last week, circulated Circular Directorate General (DG) Tax, which forces the Insurance Bureau of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) to intervene. Head of the Insurance Bureau of Bapepam-LK, Isa Rachmatarwata will meet with the insurance industry and the tax to discuss the new tax rules.

Meeting to follow up on the SE Taxation Office is an unsettling life insurance players. "You have to sit together, so that both understand," said Isa, last weekend. Sit with it, according to Jesus, because the glasses could have reasonable taxes. For that we need to understand each other's point of view. Unfortunately, this meeting is not yet certain time and place.

According to Jesus, this issue has actually been a long time. Only when that's not all insurance confused. For the application of each different tax offices, there are some that do not apply. Given this circular, all the tax office to apply the same rules.

Isa ensure, from the circular, investment unitlink not be exposed to double taxation. "My friends must have a mechanism in the tax calculation," he said. Moreover, the deposit is already taxed.

Based on IRS Circular Letter No. SE-09/PJ.42/1997, unitlink which closed before three years are taxed 20% deposit. However, there is no clarity about the investment unitlink taken after three years.

Bapepam-LK assertion is in accordance request Life Insurance Association of Indonesia (AAJI). Imanto Simon, Head of the Department of Taxation, Finance, and Investing AAJI said, will prompt a dialogue with the Directorate General of Taxation to discuss the application of the tax plan.

Tax issues emerge after the tax unitlink A. Fuad Rahmany issued a Circular Letter (SE) number 97/PJ/2011 on Treatment of Income Tax on establishment or Fertilization Premium Reserve Fund for Taxpayers in the field of Life Insurance and can be deducted from gross income.

In a circular letter, the IRS asserted, remains pure premium reserve is not taxable, because not a tax object. But, insurance products unitlink premium reserve, which comes from investment income, should no longer be a tax deduction. Because it does not become a tax deduction, the premium of insurance products unitlink regarded as an object so that taxes should be taxed.

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Insurance actuaries still need 400

JAKARTA. The insurance industry is still shortage of actuaries. Head of the Insurance Bureau of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) Rachmatarwata Isa said the number of insurance companies and actuaries power has not been balanced.

In fact, the Bureau of Insurance has designed the rules on the marketing of insurance products. One of its contents requires the use of actuarial services. In the draft new rules, each company must involve product development steering committee for the marketing of insurance products. One member of the committee is an actuary.

Isa said the actuaries who have signature authority of the insurance company actuarial reports only about 150 actuaries at this time. "The rest is still an associate, they have the technical capability but can not be held responsible for his signature," said Isa.

According to Jesus, the existence of an actuary is very important for the insurance industry. They have the technical ability in mathematics, finance, economic statistics to see the economy forward. Even an assessment of what will happen in the hands of actuaries. "But the level of fellow, not the associate level," continued Jesus.

Actuary needs depending on the size of the insurance company. Small companies with products that are not too varied, for example, insurance companies with insurance products and insurance vehicles housing just simply an actuary.

The more varied the products offered, such as insurance off shore and on shore, order ships, and aviation needs more than one actuary. Currently there are 85 general insurance, reinsurance 4, and 45 life insurance. If an insurance company needs a minimum of two actuaries, the actuary needs of 268 people.

Isa added that ideally the number of actuaries more than that number. Because the insurance industry needs an independent actuary to perform the evaluation. "Say the same amount of insurance in two or three years, 300-400 people need to be undertaken," said Isa.

Executive Director of the General Insurance Association of Indonesia (AAUI) Julian Noor also expressed concerns about the limited number of actuaries.

Chairman of the Actuarial Association of Indonesia (PAI), Budi Tampubolon acknowledged, the number of actuaries are still limited. There are currently 350 members of the PAI. Only 150 were entitled to sign the actuarial report. Most of them work in life insurance. "Moreover, the insurance will be needed," he explained. Budi said, ideally the number of actuaries in the company of more than one.

Budi said it is ready to anticipate the needs of actuaries. PAI has issued a Certified Non-Life Analys. Certificate holder simply pocketed the five courses that requirement to be an actuary. PAI also working with the University of Indonesia, UGM, ITB, ITS, and IPB because it has the same subjects with PAI.

To be akturis fellow, actuaries have pocketed the 10 required courses plus one seminar. "This is to accelerate and anticipate two more years, but they have to take another condition," said Budi.

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Financing Adira Finance will slow this year

JAKARTA. Manajemen PT Adira Dinamika Multifinance Tbk (ADMF) believe disbursement of credit financing by 2012 this could be increased compared with last year. However, the distribution of financing growth target this year is smaller than the previous period. Adira Finance Management only set a target growth of 10% financing.

I Dewa Made Susila, Adira Finance Director Finance, projecting, financing disbursement in 2011 of around Rp 30 trillion to Rp 31 trillion, grew by 25% than in 2010. "Targeting the year 2012 of about Rp 34 trillion, or grew about 10% only," said Made, Monday (2 / 1).

The growth was slower than last year due to sales of automotive passion is not as tight as last year. In 2011, sales of four-wheeled vehicle can grow more than 10% or exceeded 900,000 units. Sales of motorcycles drove up to 8 million units more or grew about 10%. "This year, car sales could grow 10%, but if the bike is only about 5%," said Made.

The reason, the motorcycle market in the island of Java is already saturated. In fact, Java has been a major market sales of motorcycles.

Made add, Adira require additional funding to achieve those targets. The fund is to finance automotive loans. "Most do not require funding of about USD 3.5 trillion," said Made.

The plan, management of Adira Finance will seek funds through capital markets. They will issue bonds. Unfortunately, Made still keeping the debt issuance plans.

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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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Habibie's Octopus Family Business

At the national business scene, the family name of former president BJ Habibie was not too loud sound. But who would have thought, now his business empire continues to grow. Under the command of Ilham Akbar Habibie, the eldest son of the couple Bacharuddin Jusuf Habibie and Hasri Ainun, PT Ilthabi Rekatama (IR) that was founded in 1991 showed tajinya increasingly in the international business.

Ilham recently joined IR in 2002 after he reluctantly had to leave the PT Dirgantara Indonesia (DI) - d / h PT Nusantara Aircraft Industry. At that time, Ilham who served as Director of Commercial DI is conducting research to increase the number of its product portfolio. "At least, DI has been successfully delivering products and has been used," he said. But unfortunately, the project should be stopped because there is an agreement between the government and the International Monetary Fund.

Apart from DI, Ilham decided swerved and IR flag. He said the decision to plunge into the family business not because her sister, Thareq, want to release control of the company with a variety of reasons. "Virtually no other choice for families," he said with a laugh.

However, the father of three children are very aware that he was not overly dominate the world of business. So, he decided to gain knowledge in the management of Chicago Booth School of Business (d / h Graduate School of Business, University of Chicago) Singapore Campus.

As he continued his education, Ilham initiate steps to be entrepreneurs. Nobel Ph.D with summa cum laude from the Technical University of Munich, Germany is starting to fix the family company that previously did not managed properly. The focus of the company that formerly divided into manufacturing, services and property began kuangan reorganized. "Initially we also deals in property, but we eventually leave," he said. "Our main focus point to three areas, namely natural resources, manufacturing and technology," he said.

In the mining business, IR has a Sound Oil. Moreover, it also has a coal mining company that has not been the production of, namely PT Ilthabi Bara Utama. The company has a concession in East Kalimantan, an area of ​​35 thousand ha which overall is expected to produce 3.3 billion tons of coal. However, the company recently sold to Bayan Resource. "Now, we are developing coal bed methane business as an energy alternative," said Ilham.

In manufacturing, business IR focus on the business of casting and cooling. IR has a fabrication to casting, the production of radiators, cooling systems engineering (for refrigeration and klimatisasi). Meanwhile, in the field of information technology, currently managing IR www.orbit-digital.com website which is a continuation of Orbit magazine published by the (late) Hasri Ainun Habibie. "Part of the effort we developed with partners," said Ilham without mentioning willing partners.

In addition to these three areas, in fact IR is also managing the corporate financial services, namely insurance Wuwungan. According to Ilham, the company will be retained because it was the first attempt which was built by his family. In addition, also a joint venture between Habibie families with relatives.

Men who also served as Chairman of the Presidium of the Association of Indonesian Muslim Intellectuals mentions that he was quite satisfied with the development of the Group Ilthabi managed. He will continue to strive to improve the welfare of approximately two thousand workers who take shelter under Ilthabi Group. Thus, Ilham will continue to do business development for the business group later became a well respected business group in the country. "One of the center we have developed is the herb business," he said.

Ilham said, one of his obsession is to increase local value added in Indonesia, local technology levels, and create more jobs. According to him, Indonesia's domestic market is very large, and should have a more dominant nasionallah companies in Indonesia market. "We are active in manufacturing because we believe that we need dihilirisasi SDA and it needs the technology and manufacturing," said the man who had a career in this Boeing Aircraft Company.

In the eyes Rhenald Kasali, management analysts, children Habibie high school, they were smart kid who has a doctorate. However, those people who are very sterile and not someone who grew up in the field. Not people who are faced with a situation of market competition is tight to get the order. "If ever they get into the business world, they will enter into a business that is stable and well managed," said Rhenald commented

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Know Your Unit Linked Products

Indo, 2008 crisis had hit sales of unit-linked products alias type equity funds investing in stocks based products fell sharply. For example, according to Manager of Marketing & Commonwealth Life Nonagency sound of chuckle Sofyan Budiman, the product Commonwealth Life equity funds in 2008 was down 50.96 percent.

Not surprisingly, many unit-link customers are traumatized with this product. Benny Putranto, for example, claimed to see the fruit of his money around Rp 150 million in unit-linked fallen drastically. Soon, he closed the unit-linked products and break up the relationship with the insurance company issuing units that link. Until now, he has not dared to try to buy a unit-linked products again.

Why does this happen? Quite simply the answer is, many customers were not yet fully understand the insurance product wrapped in this investment. Not only do not understand well the structure and purpose of investing in unit-link, many of them think, the unit's risk-free link.

In fact, the main principle of buying insurance and investment products is get to know the product you buy. Also, buy a product that suits your needs and your own financial capabilities.

Let not confused dealing with unit link, let us recognize the variety of unit-linked products on the market today.

Based on the placement of funds

As mentioned, link units included in the class of nontraditional insurance. The traditional insurance products consisting of term life insurance and term life or whole life or endowment. Unit-linked products were a mixture of two financial products, ie, life insurance and invstasi products. So. premiums paid by customers are divided into two purposes. First, for the purposes of protection. Second, for the development of investment funds alias. Typically, funds investing in mutual funds played.

Based on the placement of investment funds, unit link is divided into four kinds. Four types are link units or units of money market cash fund unit-linked, unit-linked fixed income fund fixed income alias unit-linked, unit-linked managed fund or unit-linked mixed income, and equity fund units link the alias unit-linked stocks.

Besides, now growing unit-linked products that invest funds or unit linked to Islamic sharia. We think of it, this kind as a kind of fifth.

Why the division based on the placement of funds similar in terms of investment in mutual fund products? Already alluded too, is because the investment strategy of forging unit linked assets in mutual funds.

Sound of chuckle said, the type of recommendation to the customer unit also links with the recommendations of the mutual fund clients, which is in accordance with their nature or their investment patterns: aggressive, modest, or conservative. "But, keep this in unit-linked products, the final choice in the hands of customers," said the sound of chuckle.

Therefore, the sound of chuckle notice, choose the link units also need to adjust the character of your investments and your attitude toward risk. For example, banner Harsanto, Financial Planning & Money Love pointed out, if classified as clients aggressively, then the product is suitable for your equity funds.

Similarly sebalikma prouk equity funds unsuitable for the conservatives. Cause. value of units of this stock-based products follow the movements of stock indices fluctuated. Thus, the development of your investment funds will follow the trend of stock indices.

More precisely, let us discuss one by one type of product. Product unit of cash funds or money market fund portion will put investment in money market instruments, such as Bank Indonesia Certificates (SBI), time deposits, and letters uaang with tenures below one year.

Unit linked financial markets, according to the banner, perfect for those who are not familiar with the risks. In addition to the short tenor, also the lowest risk investments.

Next, unit-linked fixed income products. Usually. This product will put a portion of the fund's investment policy holder at least 80 per cent in debt instruments. New rest in money market instruments. For those of you who want to obtain a relatively stable rate of return, fixed income unit-linked products could be an option.

While on a unit-linked managed fund products, the placement of the portion of funds for investment can be varied, such as stocks, bonds, and money market instruments. For example, the investment will be put in stocks, bonds or money markets. This type of link unit is suitable for the customer who preyed adequate income while expecting the results of long-term investment.

Furthermore, the type of unit linked equity fund products. Sound of chuckle said, the share of investment in this product is very diverse. However, generally the largest portion of shares placed in the instrument. If you are an aggressive type, who expect high investment returns and are familiar with high risk, this product is right for you.

Well, equity funds are also still many variants, depending on the insurance companies that offer. There are insurance companies that focus on infrastructure issuers sahamsaham, nusalnya, or can also type link unit that places a special investment funds in commodity emitenemiten.

Finally, unit-linked products pendmpatan Islamic investment funds based on sharia principles. In unit-linked products shariah, also contains four categories. For example, unit-linked Islamic fixed placement. Placement policy of investment funds in this product is in Surat Wadiah Bank Indonesia (SBI special Shariah) and Islamic bonds.

While unit-linked products sharia type of equity fund, investment funds are usually placed in the shares of these listed companies are included in the list of Jakarta Islamic Index. That is, the stock market listed company whose business did not violate Islamic principles, such as the manufacture of liquor or the production of illicit goods.

Well, this fund category type of placement will be the basis for insurance companies in the publishing unit-linked products of them.

Based on the investment objectives

In addition to the placement of investment funds, products unit, the link can also be distinguished based on objective and investment protection. However, the actual purpose of this investment is not a separate product, but the insurance company's programs in order to match the needs of the customer.

Call it a unit-linked investment objectives for education or retirement. There are also links the family unit or units of professional links. According to the sound of chuckle, this is just a kind of package it in the way insurance companies offer their products.

Based on premium payments

In addition to the placement of funds and investment objectives, link units can also be distinguished by type of deposit premiums, ie single and periodic.

The Light of Financial Planners Financial Planning Consultancy Group Donny A. Wiguna explained, the unit linked single premium, customer must pay premiums in advance at the same time. Furthermore, customers no obligation to pay premiums again.

Single premium payment scheme is more suitable for someone who has been financially stable. Understandably, the deposit premium only occurs once during the period of protection insurance policy. As a result the value of premiums were classified as the largest of the other types of insurance.

Meanwhile, on regular premium system, the customer must pay the premiums in stages. Stages of payment can be monthly, quarterly, or every year until a certain time. This type of link units periodically prenu is suitable for customers who want to get protection and investment, but has a limited capacity of the bag. Typically, these products of their choice who is still young.

As a side note, if you choose this type, your investment funds should not be withdrawn aka locked for a certain period, say, six or seven years. Because, until the third year, your premiums are usually discharged to the cost of acquisition. Only after that, the premium that you contribute can be set aside for investment purposes.

When it produces anything, there are the costs deducted from here, such as fund management fees, administrative costs and others. As a result, investment returns or return will be reduced considerable. Probably, the actual return on a unit-linked investment bacilli can reach 30 percent, but funding was cut so that customers will only receive 20 percent.

Perhaps, are less of a problem if the management of these investments can provide high returns. The problem is when insurance companies fail to generate substantial returns. As a result, once cut, the result is tiny. So, on this condition, the locking scheme can be detrimental to customers.

With this system of regular premium, you can file off the premium if the financial condition you are not allowed to pay premiums. In fact, after a period of time, you may not have to pay the premium value of your investment karma enough to pay the premiums.

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Management of Pension Funds Via Agents can't be accomplished in the near future

JAKARTA,Indonesia. Pension fund management business in this country has not developed. Apart from the lack of education, this condition is also influenced by the lack of marketing channels. So far, industry players rely solely on employee benefits distribution channels to attract corporate participants.

As a result, although the niche market is still very big business, business development was stalled. Now, for market penetration, pension fund management institutions are planning to legalize lane agency to recruit new participants. "This idea we are considering," said Nicky Theng, Chairman of the Pension Fund Association.

However, Nicky reminded, the idea of using an agent can not be accomplished in the near future. The reason, to pay the agency fees are still high. In addition, the agents used to sell insurance products are melting faster commission. Meanwhile, the management of pension funds take a long time.

Not only that, pension funds are also not familiar with the operational expenses heading in the balance sheet. Solely to implement systems management fee. If the use of agents, managers must establish operational expenses. This is potentially out of the grip which is valid for this, in which all participants following the results of its development funding comes directly to the participant.

Chairman of the Association of Pension Fund Investment Nur Hasan Kurniawan, participant management of pension funds amounted to only 2 million people have neither the less than one percent of the total population of Indonesia. In fact, neighboring countries was above 10%.

Actually, some of the Pension Fund, especially those that become part of the bank, already use an agent. The cost is not burdensome for business use parent facility.

This strategy is practiced DPLK Bank Negara Indonesia (BNI). Placing management personnel in the marketing branch of BNI. "We do not use special power, because it is expensive," said Betty N Alwi, BNI DPLK leader.

For your information, from 24 pension funds, seven of which came from the banks. Meanwhile, 17 other managers of insurance. Some minor use power marketing agency for pension plans, although most of it runs through the employee benefits business.

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90% of Indonesian People doesn't know Insurance

JAKARTA - The World insurance in Indonesia is believed to still be growing. Because the Indonesian people who are not familiar with the insurance exceeds the 90 percent of the total population of Indonesia.

According to Media-Based Data Management and Insurance Department Head Sinar Mas Listya Lin, with a number of world market share of insurance in the future still has a bright prospect.

"The development of insurance can now be greatly expanded, because given the explored portion of a child insurance to 10 percent who do not understand about the insurance. The share market is still huge," said Listya in casual conversation in the office of Legal, Jalan Kebon Sirih Jakarta, Thursday (4 / 11 / 2011).

Regarding competition in the insurance world by himself, he admitted that the most important now is how to handle claims from consumers, who thinks this is a determining factor in the competitive insurance.

"To increase their own insurance claims handling, especially, because they just feel good when he gets an insurance claim," he explained.

He also hopes the insurance industry can continue to evolve, and provide education or knowledge to the majority of people who do not understand about insurance.

"The world community can continue to expand insurance and we can educate the public to have awareness for insurance," he concluded.

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After disaster: Japan's economy began to recover

In just eight months after a major earthquake and tsunami hit Japan, 11 March, the country is now recovering. Japan's economic growth is expected to be even higher economic growth than Europe and the USA.

This was stated by Deputy Cabinet Secretary for Public Affairs Office of the Prime Minister of Japan Noriyuki Shikata in a press conference on the sidelines of the ASEAN-Japan Summit in Bali Nusa Dua Convention Center (BNDCC), Nusa Dua, Bali on Friday (18/11/2011) morning.

According to Shikata, Japan's economy was devastated and suffered in the first quarter of negative growth (-2.7 percent) and the second quarter (-1.3 percent) in 2011 due to major disasters such. However, the condition was immediately turned in the third quarter, while Japan scored the economic growth of 6.0 percent.

"Economic slowdown (due to this disaster) are not as severe slowdown that occurred after the Lehman Shock," Shikata said referring to the event of bankruptcy of Lehman Brothers in the U.S. in September 2008.

Even according to the predictions of the World Economic Outlook the International Monetary Fund (IMF) which was announced last September 2011, Japan's real economic growth in 2012 is predicted to reach 2.3 percent, or higher than the U.S. (1.8 percent) or the Euro zone (1.1 per cent ).

A variety of key infrastructure in the coastal area east of Honshu Island, the most severely affected by the earthquake and tsunami, also have started to recover, or in the repair process. Lines of staple supplies in the region, which previously were badly damaged, has been fully restored.

Improvements lane highway and the Tohoku Expressway Sendai Airport is expected to be completed within one month ahead.

In a written interview special with Compass few days ago, Prime Minister of Japan Yoshihiko Noda also said the supply chain affected the manufacturing industry was already almost fully recovered. "So the supply of products and components throughout the world also took place smoothly," said Noda.

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Insurance Losses of the Bank of Economic and ACE Insurance

JAKARTA, PT Bank Ekonomi Rahardja Tbk (Bank Economics) and PT ACE INA Insurance (ACE Insurance) insurance product launch collateral AssetProtect, yesterday, Friday (11/11/2011), in Jakarta. This product is intended to protect the assets and business continuity for customers of small and medium business sector.

"This insurance product is the latest innovation cooperation (bancassurance) Bank Ekonomi and ACE Insurance as two financial institutions that have a focus on small and medium enterprises," said Tony Turner, CEO of Bank Ekonomi.

Generally, insurance companies sell their products through banks for the customers of small and medium business sector only to protect the interests of the bank and the collateral for the loan. However, these products provide a more comprehensive protection.

This product provides additional benefits in the form of cash to the insured. The funds can be used for payment of wages or loans or other emergency funds at the time the business is being restored.

"The added benefit of this cash will allow customers to be able to perform the recovery effort (business recovery) more quickly," added Jopie Joseph, Head of Business Banking Bank Economics.

Based on data from the General Insurance Association of Indonesia, currently only about 20 percent of total assets in Indonesia are covered by insurance. Given the scale of market penetration opportunities, expected attendance AssetProtect will get a positive response. For the initial stage, this product will be disseminated in the Greater Jakarta area.

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