NON-BANKING FINANCIAL, INVESTMENT, AND INSURANCE

APPLICATIONS STILL FACE OBSTACLES SJSN
National Social Security System (National Social Security System), it seems, can not be rolling in the near future. Because, so far, there are no guarantees about the sustainability of this program.

Kabiro Insurance Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) Rachmatawarta Jesus said, National Social Security System should be able to ensure the program can survive. It should be clear 10 years from now if the costs can still be borne by our economy,

Understandably, the Ministry of Health predicts, for the National Social Security System program, the government must provide a budget of Rp 20 trillion a year to pay the premiums. Jesus warned, pattern of premium calculation is not to burden the budget. Should be compared with the gross domestic product (GDP). Suppose now 5% of GDP. Five years from now so what percentage of GDP. Do not ride too fast.

Another obstacle is about the same service guarantee for all citizens (deliverable). The program must be able to ensure policyholders get their rights. That is, if say there is no guarantee of heart surgery by a specialist, so everyone should be able to get it to Merauke. Not until there is a reason there are no specialist doctors there, then replaced the money.

Another matter is the matter of rights and obligations. If premiums pegged to a percentage of salary to get the same service, this will cause problems. Therefore, the salary of each person is different, therefore the premium paid is ultimately different. There must be no larger pay participants think he contributed so much to other people

In fact, social insurance does contain equality because there are subsidies. If the gap is too wide, a greater premium payers can no longer willing to join the program. They can think better just take out private health insurance.

Thus, the National Social Security System could not be considered simple. We also can not assess all health problems can be finished with this program. Do not let the system drop in a matter of years or as the Greek social security system was too over and it was hard for the economy,

Director of Social Security Sinaga Hotbonar same opinion. He said, the challenge is the financial capacity of State National Social Security System, harmonization of regulations, the scope of protection, and legal adjustments to the Social Security Agency Providers (BPJS).
Now, there are four companies designated as BPJS. Ie Social Security, Taspen Asabri, and Indonesia Health Insurance. All four were under the National Social Security Council (DJSN). The authority board must be greater. Do not let no one is watching BPJS.

DJSN not only coordinate and synchronize the program, but perform functions such as capital market regulator. If social insurance off the capital market regulator, there should be provisions unclear who would social insurance.


ALLIANZ INSURANCE ACCIDENT RELEASE GEEZER
PT Asuransi Allianz Utama Indonesia, late last month, launched a personal accident insurance product (PA) or a special accident insurance for customers aged or elderly. Insurance companies that have the parent in Germany this product Senior PA is entitled to meet market demand.

SVP Chief Agency Officer of Allianz Utama Indonesia Banua Sianturi said this during an accident insurance products for customers aged 60 years and over has not been provided by other insurance companies. In fact, accidents can happen anywhere, anytime, and to anyone.

During this time, most insurance companies limit the age of buyers of protection for accident only 16 years of age-60 years. Even if there is more protection than that typically only form of extension and up to the age of 65 years only

In fact, many people over the age of 60 years of age still actively running the business and travel. This product provides peace of mind to them. Many parents who had to retire, we work on this market.

Banua disclose, Senior PA products provided to the insured aged above 60 years to 80 years. With the record, if he was more than 75 years, there should be an underwriter approval. Understandably, the guarantee sum which can be obtained quite large, starting from U.S. $ 100,000 or USD $ 1 billion.
Benefits provided by Allianz is FINANCIAL reimbursement if the insured had an accident resulting in death or total permanent disability. This product can also be extended with the replacement of medical costs in the accident. Senior PA product is also equipped with compensation for funeral expenses up to U.S. $ 1,000.

Allianz offers premiums ranging from U.S. $ 150 according to the amount of money insured. This new product will be marketed in all areas of the sales of Allianz.

Despite great potential, Allianz did not set high goals for this product. Until the end of this year 2010, Allianz hopes to sell as many as 1,000 policyholders. The reason is because the risk of a Senior PA products is higher than other products.

Surely we apply the underwriting process more stringent. In the underwriting process, Allianz will see a prospective client's health history. They are also more selective to receive coverage.


RESULTS LOW, DAPEN WILL NOT SIGN KIK-EBA

Despite a year away, the pension fund industry (Dapen) has not been much looked at portfolios of collective investment contract of INVESMENT in asset-backed securities (KIK-EBA). They think the product is not very profitable INVESTMENT.

Dapen rather than dodge, but wait and see. It takes time, because this new product. This year, it seems not many people there, said Executive Director of Indonesian Pension Fund Association (ADPI) HMDaryono.

ADPI Chairman Djony Rolindrawan added, KIK-EBA portfolio valued not yield desired by the pension fund. Most pension funds tend to choose a portfolio such as corporate BONDS, and debentures (SUN), which gives higher yields.

We have not included in eg the KIK-EBA because of its risk premium is too small. Also yields only about 1% above the GS with the same tenor.
President Director of BANK MANDIRI Gatut Dapen Subadio revealed, his party had not yet decided whether the year 2010 will begin exploring the KIK-EBA or not. KIK-EBA market liquidity have not spelled out. Intention to go there, but of course, risk, yield, and market into consideration.

BANK MANDIRI Dapen more interested to invest in bonds. Year 2009 and then, BANK MANDIRI Dapen bond portfolio reached USD 660 billion, equivalent to 30% of the total INVESTMENT.

For the year 2010, the Gatut project, will add to their bond portfolio to 32%. Gatut not tell you how the total value of their investments this year 2010.

Dapen who had gone into investment, KIK EBA is Dapen of BTN. Despite double-entry, Dapen BTN Membership Director Sukiswanto said, his party had not yet decided whether to add to their portfolio KIK-EBA this year 2010, which is currently portions are still no more than 10%.

There are still factors to consider to raise the composition. Can we raise, but will also depend on the interest, deception Sukiswanto.



SHARIA UNIT REVERSE, JAPRO NOT REVISED TARGET

Although no one has also obtained permission for the establishment of sharia unit, PT Asuransi Jaya Protection (JaPro) does not intend to change the target year 2010 was the acquisition premium. Director JaPro Prawiro Nicolaus said it was preparing another strategy to achieve these targets.

JaPro will boost health insurance premiums and adding branches. So we are not revising the target premium of Rp 800 billion in 2010, the

Problem establishing sharia units, Nico says, launching just waiting out the permission of the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK). Management of all affairs are ready. Board of Directors and commissioners already fit and proper test. His office is also already there. Stay green light from regulators wait for it.


At first, optimistic JaPro can launch sharia unit last April 2010. Sharia unit will later be known as PT Jaya Takaful Protection. Now, JaPro not dare set a target when his company could enliven the Islamic insurance industry.

About health insurance business, this 2010 JaPro choose to focus on the consumptive nature of insurance business. If previously we were more often working on vehicles and property insurance, we try another business. We already cover the risk stuff, why not cover people with health insurance risk. Although the focus of work on health insurance business, Nico admit, this product will not give the dominant contribution to the target acquisition premiums in 2010. JaPro only target premium of Rp 50 billion from health insurance until the end of the year. While for most large portion of vehicle insurance reached 40%, followed by property insurance contributing 30% of total premiums and the rest from others.

Year 2010, JaPro also expands to add new branches. Recently, JaPro inaugurated an office in Kilkenny. The next expansion to Pontianak, Purwokerto, Solo, Tegal, Jember, and Manado. Only, JaPro management can not ensure the number of new offices will they wake up in the year 2010. Currently, JaPro has branch offices in Bogor, Kediri, Cirebon, Makassar, Samarinda, and Lampung.