JAKARTA - BUMN Minister Erick Thohir stated that his party is proposing State Capital Participation (PMN) 2021 amounting to IDR37.18 trillion to pre-determined private companies. One of them is to save PT Asuransi Jiwasraya (Persero).
A total of IDR 20 trillion from PMN was given to PT Bahana Indonesia Business Development (Persero) or (BPUI). Erick said, part of PBUI's capital injection will be used to pay for Jiwasraya customer policy claims which will start again at the end of the year.
"Now the rest is partly for Jiwasraya, which is expected to start paying again at the end of this year," he said, after a meeting with Commission VI, one of which was regarding state equity participation (PMN), Monday night, September 14.
For your information, BPUI has become the holding company for insurance and guarantee companies. Apart from supervising PT Jiwasraya, BPUI also supervises PT Askrindo and PT Jamkrindo.
The Jiwasraya issue has yet to end. Its customers are also not yet clear about when to get their insurance policy disbursement.
Until May 31, 2020, the value of Jiwasraya's claim obligations had reached Rp. 18 trillion. This amount continues to increase in line with the increase in the value of the policy that is due.
Claims debt of up to Rp18 trillion consists of two products, namely traditional products and a saving plan. Until that period, the claim value of the saving plan product reached Rp. 16.5 trillion. The value of this arrears consists of 17,452 insurance participants.
Then for traditional products, the claim value reached Rp. 11.5 trillion consisting of corporate and retail claims. The value of corporate claims is IDR 0.6 trillion, consisting of 22,735 participants.
Meanwhile, for retail customers consisting of 12,410 participants, the claim value is divided into two, namely expiration / death claims worth IDR 0.2 trillion and redemption claims of IDR 0.7 trillion.
Meanwhile, in terms of solvency, the company has an RBC of minus 1.907 percent, whereas the minimum RBC limit according to the POJK is 120 percent. The company's equity value is recorded at minus IDR 35.9 trillion.
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