Financial literacy with AAUI and Sahabat Insurance Yogyakarta

Terakhir Diubah : 02:51:00 - Kamis, 29 Agustus 2024

In order to support the financial literacy program recommended by the government and OJK, Mr. M. Nur Saripudin from Sahabat Insurance Yogyakarta was a speaker at the Workshop on Concepts and Benefits of Loss Insurance for BPR organized by AAUI Yogyakarta at the Chrystal Lotus Hotel Yogyakarta on Tuesday, 27 August 2024.

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PEFINDO has assigned its idBBB financial strength rating with stable outlook to Sahabat Insurance

PEFINDO has assigned its idBBB financial strength rating with stable outlook to PT Asuransi Sahabat Artha Proteksi (Sahabat Insurance). The rating reflects Sahabat Insurance’s moderate capitalization, adequate liquidity, and moderate asset quality.
However, the rating is constrained by modest operating performance, concentrated
business profile, and intense competition in the industry.
The rating may be raised if Sahabat Insurance could substantially improve its business position, reflected by doubling its market share in terms of gross written premiums (GWP) in the insurance industry on a sustained basis, while demonstrating its capability to diversify into other profitable line of businesses and maintain its financial profile. The rating could be lowered if the Company's business position declines substantially,
which can be indicated by its market share of GWP in the insurance industry persistently shrinking by more than 40%.

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Factors Affecting Your Car Insurance Premium

Type of Coverage and Insurance Extension
The premium amount will be influenced by the type of coverage and also the insurance extension you choose. Generally, there are two types of coverage that you need to know, Comprehensive and Total Loss Only (TLO). With different types of insurance coverage available, the resulting premium is going to be affected. A comprehensive package with numerous features will naturally cost more than a lower-tier option. The same goes for optional extras, should you wish to add them on to your existing policy.
When buying insurance, it's crucial to carefully consider the coverage limits and ensure they align with your potential risks and needs.

Vehicle Age
The age of a vehicle is a key factor in determining car insurance premiums, both for comprehensive and Total Loss Only (TLO) policies. The Financial Services Authority (OJK) regulates which vehicles are eligible for comprehensive and TLO insurance in Indonesia.

Location
Motor Vehicle Insurance premiums are indeed affected by the area where the vehicle is primarily used. Insurance companies assess risks based on location, with areas experiencing higher accident rates, theft, or severe weather events often resulting in higher premiums.

Vehicle Usage
Car insurance premiums are indeed calculated based on risk, and vehicle usage is a significant factor in determining that risk level. Cars used for different purposes, like private, official, or commercial use, have varying levels of risk, and this is reflected in the premiums charged by insurance companies.

Always double check every policy guarantee and insurance premium offer according to your needs. Contact Sahabat Insurance marketing team for more info via WA 021-50508080.

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Flood Damaged Cars & Insurance Cover

In the wake of natural disasters like floods, one of the most significant losses individuals face is damage to their vehicles. Floodwater can wreak havoc on cars, leading to substantial repair costs or even rendering them irreparable. Understanding how flood-damaged cars are handled by insurance companies is crucial for vehicle owners to navigate the aftermath effectively.

The climatic condition can be very unpredictable due to pollution, cutting of trees, etc. Further, unplanned development and inefficient drainage systems also lead to flood-like conditions in many cities. The best action is to take a review your car insurance plan to protect your vehicle from monsoon miseries.

Protect your vehicle with flood car insurance. Learn how to shield your car from floods and ensure comprehensive protection. Get covered today!Sahabat Insurance customers can reach out to us at 021-50508080 or email us contact@sahabatinsurance.id

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Sahabat Insurance received The Finance awards - Top Financial Institution Awards 2023

Jakarta-Sahabat Insurance received great appreciation for its performance achievement at the “Top General Insurance Company 2023" with gross premiums of IDR 250 billion to < IDR 500 billion based on the survey results of the Biro Riset Infobank in 2023. This award was given by The Finance Digital Magazine at the “Top Financial Institution Awards 2023" at The Grand Ballroom Kempinski, Tuesday, November 14, 2023. The Finance awards based on survey results and independent studies by the Infobank Research Bureau, where the financial institution award category consists of banks, life insurance companies, general insurance companies and multi-finance companies. The award was given based on the results of the rating entitled "Top 20 Financial Institutions 2023" by The Finance digital magazine on the financial performance reports of four financial institutions from 2020 to 2022.

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