JAKARTA - The Indonesian Life Insurance Association (AAJI) has stated that it respects and supports the strategic efforts made by the government and related agencies to protect the interests of customers in the case of PT Asuransi Jiwasraya's default.

AAJI Executive Director Togar Pasaribu said this was to prevent even greater customer losses and to continue to maintain public trust in the financial services industry, especially insurance.

In line with the government's efforts to solve the Jiwasraya problem so that the fulfillment of payment obligations to customers can be carried out immediately, AAJI encourages the government to immediately implement and form a Policyholder Guarantee Agency (LPPP).

According to Togar, this is as mandated in the Insurance Law, given the benefits and roles of the life insurance industry in national economic growth and social welfare.

"AAJI hopes that the government will continue to carry out risk-based supervision intensively and effectively as an effort to detect potential failure of companies in fulfilling their obligations to customers and to take the necessary steps appropriately," Togar explained in the statement received at VOI, Wednesday January 22.

AAJI, continued Togar, admitted that he was ready to work together with the government and OJK to create a healthier and more conducive business climate for the life insurance industry. In addition, he said, increasing protection for customers (policyholders), as well as implementing measurable and sustainable financial inclusion and literacy programs.

Saving Plan Products

Regarding a product that is being discussed a lot by the public today, namely the saving plan, Togar said that the saving plan product has been known in the life insurance industry in Indonesia since the mid-90s. Similar products are also found in the life insurance industry in many other countries.

The saving plan product is an alternative choice of life insurance products such as personal accident protection, term life insurance, whole life insurance, endowment insurance, health insurance. insurance), insurance for critical illness (critical illness), and unit-links available to people to protect themselves and their families.

"The saving plan product is beneficial by providing protection against life risks as well as providing additional investment benefits at the end of the insurance contract or if there is a termination of coverage," he explained.

Tips for Choosing the Right Insurance Product

Togar said, some tips for choosing the right insurance. First, insurance is with an insurance company that is officially registered and supervised by an authority or regulator in Indonesia.

Second, identify the insurance company that will be selected through the performance of the insurance company which can be seen in a widely accessible financial performance report.

Third, understand the product to be selected, make sure it fits your needs. If an insurance product offers investment value, recognize that an investment that offers a high return also has a high enough risk.


The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)