Panin Dai-ichi Life Paying Claim of Panin Bank Customers

17 Dec 2018

JAKARTA, DECEMBER 12, 2018 - Panin Dai-ichi Life continues to prove its commitment in terms of payment of claims. Today, Panin Dai-ichi Life's management handed over a death claim from one of its customers in Jakarta worth Rp1 billion. This customer is recorded as having a policy from one of Panin Dai-ichi Life's life insurance products which is marketed through Panin Bank, namely Panin Premier Protection, for more than 2 years.

The handover of the claim was symbolically carried out by the directors and management of Panin Dai-ichi Life, Koichi Nishiyama as Vice President Director and Inasari A. Atmodjo as Head of Bancassurance to Panin Bank representative, Jasman Ginting as Corporate Secretary.

Koichi Nishiyama, Vice President Director of Panin Dai-ichi Life said, "Together with our business partners, Panin Bank, we continue to strive to provide excellent service to customers. One proof is the existence of claims payments. Hopefully this claim can help alleviate the burden on the families of the customers left behind. We hope that in the future, customers can continue to entrust their financial needs with Panin Dai-ichi Life and Panin Bank. "

Through bancassurance collaboration with Panin Bank, Panin Dai-ichi Life provides financial protection solution for customer needs at every stage of life. To reach customers, protection solutions from Panin Dai-ichi Life are currently distributed at Panin Bank branch offices, which are spread throughout Indonesia. Products distributed through Panin Bank partners, include life insurance products, accident insurance and credit life insurance.

Based on unaudited financial data in 2018, period 1 January 2018 to 30 November 2018, Panin Dai-ichi Life has paid more than 16,800 claims with a value of more than IDR198.7 billion, this value includes protection benefits for death, health, critical illness and due date.

From time to time, Panin Dai-ichi Life is also growing with the trust of its customers and business partners, based on unaudited financial reports, as of October 31, 2018, Panin Dai-ichi Life has posted equity of IDR4.8 trillion, net profit of IDR330 billion and RBC of 1506% (above the Government's provisions of 120%).