Jasa Raharja increases compensation allocation
The Jakarta Post
State-owned insurance company Jasa Raharja has said it will allocate Rp 2.5 trillion (US$186.25 million) to provide compensation for victims of traffic accidents in 2018, a 25 percent from the figure allocated last year.
Jasa Raharja president director Budi Setyarso said in Jakarta on Wednesday that the company, however, would not increase customer premiums and would instead rely on the increase of the number of vehicles. “The number of vehicles will always grow,” he added.
In 2017, the number of vehicles grew 7.5 percent year-on-year (yoy), resulting in revenue from premiums to increase 6 percent to Rp 5.5 trillion.
Jasa Raharja pays Rp 50 million in compensation to the families of deceased victims of traffic accidents and Rp 25 million to each injured victim.
Jasa Raharja cooperates with the National Police’s traffic division to digitally record traffic accidents and the Home Affairs Ministry’s Population and Civil Registration Agency to verify the personal data of victims. The firm also cooperates with state-owned lender BRI for compensation disbursement and 1,068 hospitals to treat the victims. (sha/bbn)
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