Jiwasraya's Promise That Will Begin To Return Customer Funds This Year

JAKARTA - PT Asuransi Jiwasraya stated that it has met a scheme on how to return customer funds to solve the default case that suffered them. Jiwasraya Managing Director Hexana Tri Sasongko revealed that there are two schemes that Jiwasraya will carry out in the near future to settle claims for the maturity of the JS Saving Plan product policy.

As is known, Jiwasraya has an obligation to mature with the JS Saving Plan policy in October-December of last year amounting to IDR 12.4 trillion. Hexana stated that the scheme that is currently preparing is through insurance holding and business restructuring.

This insurance holding is planned to be formed in the first quarter of 2020. And it will go hand in hand with the gradual return of Jiwasraya customers' money, depending on how much profit received from the insurance holding.

"Of course there is a target time, but we cannot specify the date. What is clear, it is expected that in the first quarter of the holding. Any profits received will be used to settle customer refund obligations," he said, when met at the DPR Building, the Parliament Complex. , Senayan, Jakarta, Wednesday, January 15.

He explained that the formation of this holding would have a mechanism. First, will record the identity of customers like what, and the second is to find a solution to allocate customer refunds gradually from the incoming profits.

"Every period, according to the holding capacity, we will issue financial instruments or products which will be absorbed by the insurance holding. Now, the profit Jiwasraya receives will be used to pay customer funds," he explained.

Regarding the second scheme, namely business restructuring, he explained, is the establishment of a Jiwasraya subsidiary, namely Jiwasraya Putra. This subsidiary will later issue products to be sold, then these products will be distributed by four BUMNs.

The four BUMNs are PT Bank Tabungan Negara (Persero) Tbk, PT Pegadaian (Persero), PT Kereta Api Indonesia (Persero), and PT Telkomsel (a subsidiary of PT Telekomunikasi Indonesia Tbk). These four BUMNs also have shares in Jiwasraya Putra.

"So, where does Jiwasraya get the settlement to be able to pay? Jiwasraya controls approximately 65 percent of Jiwasraya Putra's shares. Of that 65 percent is divested to a strategic partner. The money will be used to pay obligations," he said.