Tuesday 18 November 2014

OJK will Launch Micro Insurance Program Standard

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OJK will Launch Micro Insurance Program Standard

Jakarta - The Financial Services Authority ( FSA ) will launch a standard micro-insurance program . The launch will be in October 2014 .

Deputy Commissioner for Non-Bank Financial Industry ( IKNB ) , Freddy Dumoly Pardede said , lauching will do in Surabaya , East Java , on October 1, 2014 .


" FSA and industry associations will launch first micro-insurance program standards . In early October , 1st in Surabaya . Chairman of the Board of Commissioners of the FSA ( D Hadad Hadad ) will be present and to launch , " said FSA Dumoly Building , Central Jakarta , Thursday ( 11 / 9/2014 ) .

He explains , microinsurance products marketed consists of four types, including personal accident insurance (personal accident) , died insurance ( term life ) and micro-credit insurance (credit life ) . In addition , there are also health benefits ( health cash plan ) and fire insurance .

FSA mutual insurance association , the Life Insurance Association of Indonesia ( AAJI ) , General Insurance Association of Indonesia ( AAUI ) , and the Association of Indonesian Islamic Insurance ( AASI ) has developed a standard micro-insurance products .

" For AAJI , they provide siPeci or insurance that provides benefits Loving died of natural causes or an accident , " said Dumoly .

AAUI provide a legacy for personal accident , My house for residential fire insurance , stop efforts for the earthquake and tsunami , volcanic eruption effort to stop . AASI provides a standard form of micro-insurance products sharia siBijak . This product is a life insurance and funeral benefits

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