2012, "Jasa Raharja" Rp 1.5 trillion budget for claims

JAKARTA. PT Jasa Raharja (Persero) set aside the claims of Rp 1.5 trillion this year. The amount is increased by 7% compared to total funding of claims paid in 2011 Raharja Services Rp 1.4 trillion. Although only increased slightly, the management is ready to pay any claim of claims filed.

"Due to the principle of law is to be paid. If up to Rp 3 trillion, we will still pay," said Director of Services Raharja, Diding S. Anwar on Thursday (2/16/2012). Of the total claims in 2011, 70% is paid to victims of motor vehicle accidents.

On the same occasion, to explain Services Raharja Diding no plans to change the placement of funds under management. "We follow the investment direction of the Minister of Finance a bond that is prudent because safer," said Diding.

The composition of his own investment portfolio Raharja Services sebanya 80% is in bonds and medium term notes (MTM). The rest comes from deposits and government bonds and Bank Indonesia.

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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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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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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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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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