The Fate Of Jiwasraya's Customer Refunds Is In The Hands Of The DPR Joint Working Committee

Jiwasraya Insurance Office in Gondangdia area. (Didi Kurniawan / VOI)

JAKARTA - Customers who hold PT Asuransi Jiwasraya policies must wait again for certainty regarding a refund. After previously having to wait for three regulations, this time the refund must wait for the joint working committee meeting in March. This meeting determines the fate of policyholders.

Chairman of the Committee for Jiwasraya Commission VI DPR Aria Bima said the government through the Ministry of BUMN and Jiwasraya had conveyed various rescue options that could return customer funds.

"From these options, we plan that the DPR will hold a joint working committee meeting between the Committee VI, Commission III, and Commission XI. It is planned for the first week after the recess period. So that the plan to return customer funds can be implemented, God willing, at the end of March," he said, at the DPR Building, Parliament Complex, Senayan, Jakarta, Tuesday, February 25.

For your information, the DPR members' recess period will begin after the closing plenary session of the session on February 27. Then, members of the DPR will be active again on March 23.

The joint panja meeting, said Aria, would later be chaired by one of the DPR leaders. Currently there are three Jiwasraya working groups in the DPR which are handled by Commission III in the field of law, Commission VI in the field of BUMN, and Commission XI which handles financial matters. Later, this meeting will involve all the special committee from the cross-commission. Where, in the meeting, the DPR will decide on the option to save Jiwasraya.

According to Aria, during the joint working committee meeting, the BUMN Minister, BUMN Deputy Minister, and Jiwasraya directors were also invited to attend.

Aria explained, the refund of the policyholder and the restructuring of this state-owned insurance company will be started in parallel or separately. However, Aria was reluctant to reveal what options the BUMN Ministry had proposed.

"Yes, it is optional. There is state capital participation (PMN), there is holding, there is privatization. It can all be carried out, also not all implemented. The point is, it is not that we do not want to be transparent, but this is still by process, if it is opened now later. so a polemic, apparently not, "he said.

However, Aria emphasized that the Ministry of BUMN and Commission VI had only discussed options and scenario simulations for customer rescue and general coordination. According to him, PMN is not a priority in saving Jiwasraya.

"That's the last resort. Because there are still several scenarios to be explored," he said.

Aria said, PMN talks in the context of strengthening the fundamentals of the state-owned insurance industry, not just for Jiwasraya. Because SOEs have to think about how the market for the insurance industry will be healthier in the future and ensure problems like Jiwasraya do not happen again.

"The statement that Jiwasraya will be in bailout or bailin or PMN is a statement that is still far from understanding. The Ministry is working on a scheme that saves customer funds and Jiwasraya will be fundamental and comprehensive," he said.