JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir said the restructuring of Jiwasraya's policy through IFG Life had reached 99 percent. Despite the significant development, Erick still apologizes because there is still one percent of the policy that has not been completely transferred to 100 percent.

As is known, as many as 230 thousand policies have been transferred to IFG Life, with a policy book value of IDR 33 trillion transferred.

"The settlement of Jiwasraya's customers is 99 percent. Indeed, there is one percent, I said earlier, I'm sorry that I can't complete all of them. But 99 percent is an absolute number that we can achieve," he said during the Atma Jaya Faculty of Unika Public Lecture, Wednesday , January 26.

Erick said that from the settlement that had not yet reached 100 percent, it was undeniable that there were policy customers who were hurt or harmed. However, said Erick, at least the Ministry of SOEs has tried to handle this case, until it is brought to the realm of law and returns the customer's policy.

"There must be someone who gets hurt, why? Because there are frauds there. But what distinguishes us from other corruption cases, that's what I also appreciate to the Attorney General that this is a solution for those who are harmed," he explained.

Furthermore, Erick said that when compared to other corruption cases, Jiwasraya's handling of corruption was clear. Where customers still get their rights, while in other corruption cases the victims don't even get a refund at all.

"Whatever is returned, it's clearly black and white and remember that there are many cases or cases of corrupt pension funds and insurance corruption until today, there is no solution, right? All those who have been cheated have no return," he said.

Therefore, Erick said that his party is currently pushing for improvements to the Finance Law (UU) for insurance so that it is equated with the Banking Law. The goal is to make it clear if there is a legal action fraud such as in banking.


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