Total AAJI Claims Grows 26.1 Percent

By : Wiyanto Dan Aldo Bella Putra | Friday, March 16 2018 - 23:00 IWST

Ilustrasi Asuransi (bisnisasuransiindo.com)
Ilustrasi Asuransi (bisnisasuransiindo.com)

INDUSTRY.co.id - Jakarta - The life insurance industry remains committed to fulfilling its responsibilities in paying claims and benefits.

Head of Best Practice Sector AAJI Rianto Djojosugito said, in the fourth quarter of 2017, total claims and benefits grew 26.1%, to Rp. 121.08 trillion compared to the same period in 2016 of Rp. 96.05 trillion.

"Claims of the Reduced Value (Surrender), in the fourth quarter of 2017 increased by 28.6% compared to the previous year to Rp. 67.28 trillion, this claim has the largest proportion in payment of claims and benefits, which amounted to 55.6%," he said in Jakarta, Friday (16/3/2018).

He said the increase is expected because of the increasing public demand for cash to meet daily needs.

Partial Withdrawal claims, he continued, also experienced growth, increased by 28.9% over the same period in 2016, to Rp. 17.49 trillion and contributed 14.4%.

While health claims (medical), recorded increased 0.7% to Rp. 9.35 trillion, this increase is due to increased personal health claims by 5.3% in the fourth quarter of 2017.

"As many as 54.4% of medical claims come from health insurance products collection and the remaining 45.6% comes from individual health insurance products," he said.

News Comment

Today's Industry

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…

The Indonesian Embassy in Cairo Receives Aid for Palestine

Senin, 19 Februari 2024 - 17:39 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…