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Until now, the topic of the types of social health insurance that developed in Indonesia, the types of insurance found in Indonesia and the types of life insurance in Indonesia are currently busy being searched for in 1 hour.
For this reason, we will discuss the types of social health insurance that are developing in Indonesia which you can read later.
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Types of Life Insurance in Indonesia
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The following are the results of our research on List of Insurances in Indonesia.
Types of Insurance in Indonesia
Types of Insurance in Indonesia There are five types of insurance that you should know. There are five types of insurance companies in Indonesia.
These five insurance companies are private or public. 5 different insurances offering health and life.
If you want to know more about the various types of insurance in Indonesia, be sure to add information from various sources at the end, which we will summarize in the next article.
Reinsurance Company
Reinsurance is an insurance company that bears the risk of the insurer, guarantee or other reinsurance.
Reinsurance helps insurance companies in a number of ways, for example:
- Strengthen the ability of insurance companies to take certain risks.
- Reducing the spread of risk.
- This supports the sustainability of the company.
- This minimizes the technical security required.
Business development and improvement of the company’s professionalism and competitiveness.
Reinsurance currently works in Indonesia. There are six insurance companies registered and controlled by OJK:
- PT Reinsurance Maipark Indonesia
- PT Reinsurance National Indonesia
- PT Airline Reinsurance Indonesia, Tbk.
- PT Reinsurance Indonesia Utama (Persero)
- PT Tugu Reasuransi Indonesia
- General insurance company
- PT Reinsurance International Indonesia
A property insurance company is a company that transfers any loss, reserve, loss of income or liability that may arise as a result of an unforeseen event that is insured or insured to a third party.
Simply put, an insurance company bears the risk that a person’s assets, property and assets will be lost or damaged during his lifetime.
Some examples of property insurance: auto insurance, property insurance, accident insurance, travel insurance, credit insurance, cargo insurance.
Mandatory Insurance Company
A compulsory insurance company is an insurance company whose job is to run the country as a public company.
According to OJK, there are three types of mandatory insurance: PT Asabri (Persero), PT Taspen (Persero), PT Jasa Raharja (Persero).
Companies have different fields of activity. For example, PT Asabri is a limited liability company that participates in social insurance to pay pensions for employees of the TNI, Polri, and the Department of Defense.
There is also PT Taspen (Persero) which guarantees the age and pension of employees. After all, PT Jasa Raharja is an accident insurance company. Mandatory insurance for public companies is provided by the government through the Ministry of SOEs.
Life Insurance Company
According to the Internal Revenue Service (OJK), life insurance is a company that provides life or death insurance services.
Life insurance companies collect capital from the business and invest it to cover insurance debt.
Currently, there are many life insurance products that provide additional protection to policyholders. Instead of focusing on home protection, they have investment products like investment bonds. Life insurance products include:
- whole life insurance
- dual-use insurance
- term life insurance or term life insurance,
- unit-linked insurance.
If you want to buy a life insurance product, it is important to choose a product from an insurance company registered with the OJK. This allows you to avoid future financial risks.
Social Insurance Company
The state guarantees the availability of health services for everyone. According to the Social Security Act, all Indonesians meet health and safety requirements at work.
Therefore, the government established the Social Security Administering Body (BPJS) as a welfare company that protects the community.
The Jamsostek companies are former PT Health Insurance (Persero) BPJS Health and former PT Jamsostek BPJS Ketanagakerja.
BPJS operates social safety nets such as health, accident, old age, pension and accident insurance. The government counts the number of participants.
List of Insurances in Indonesia
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