Term Insurance Definition & Meaning

Terakhir Diubah : 07:03:55 - Friday, 27 January 2023

Insurance policy: is a legal contract between the insurance company (the insurer) and the person(s), business, or entity being insured (the insured).

Premium: is the amount of money you must pay to the insurance company for your insurance policy.

Claim : An insurance claim is a formal request from the policyholder (that's you) to their insurance company asking for payment after a covered incident.

Insured: A person whose life or property is the subject of insurance.

Insurer: Parties that already have formal permission to carry out business activities related to taking over the risk of other parties based on a policy; for this coverage, the risk insurer receives a premium from another party as the insured; usually, the Insurer is an insurance company.

The age of the Insured: is determined based on the last birthday on the Effective Date of Insurance and will increase on each Policy Birthday.

The coverage period :is the period of insurance protection for the Insured from the Effective Date of Insurance to the Expiry Date of Insurance as stated in the Policy Data.A coverage period is the period of time during which an insured event is protected by an insurance contract.

Fore more information please call Sahabat Insurance 021-50508080.
Source: https://sikapiuangmu.ojk.go.id

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Vehicle Identification Number (VIN)

In general, each car has a unique vehicle identification number or NIK. This number consists of 17 characters, combines letters and numbers and is considered the birth certificate of the car. In fact, it is an international code created to facilitate car identification. NIK is also known as the Vehicle Identification Number (VIN). NIK stores a lot of information such as car history records, car variations and models, where they were made, specifications, and much more. This number can be found on different parts of the car such as the driver's door, chassis, hood, dashboard and under the front passenger seat depending on the type of car you have.

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Sahabat Insurance Held APU-PPT Training Programs for Insurance Agent

Jakarta, December 1st 2025 - Sahabat Insurance conducted an APU PPT (Anti–Money Laundering and Countering the Financing of Terrorism) socialization program for all insurance agents as part of the company’s commitment to complying with the regulations set by the Financial Services Authority (OJK).

•This initiative aims to strengthen agents’ understanding of customer identification procedures, reporting of suspicious transactions, and

risk prevention related to money laundering and terrorism financing.

•Objectives of the APU PPT Socialization Ensure all Sahabat Insurance agents fully understand compliance standards according to

applicable OJK regulations.

• Improve service quality and transaction security for customers. Strengthen agents’ roles in detecting and preventing suspicious

activities.

•Protect the company’s reputation and support integrity within Indonesia’s insurance industry.

Topics Covered in the Training During this program, agents receive in-depth information on: Know Your Customer (KYC) principles. Customer data identification and verification procedures. Reporting of suspicious financial transactions to regulators. Company compliance procedures based on OJK regulations.

Sahabat Insurance’s Commitment to Regulatory Compliance Through this APU PPT socialization, Sahabat Insurance ensures that all agents carry out their duties professionally, transparently, and in full compliance with regulations. This initiative also supports national efforts to combat money laundering and terrorism financing within the financial services sector. By conducting regular APU PPT socialization programs, Sahabat Insurance continues to enhance service quality and strengthen corporate compliance to provide customers with the highest level of protection and safety.

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Sahabat Insurance New Office Representative in Alam Sutera!

Sahabat Insurance continues to be a leading force in the insurance industry, announcing the opening of an additional representative office in Alam Sutera, Tangerang. The ceremony was held at Sahabat Insurance Alam Sutera office, which was attended by directors - Mr. L. Berly Wennas as President Director, by Mrs. Sekar Tunggal as Technical Director, Mrs. Sylvy Setiawan as Marketing Director, Mr. Yongkie Avriano as Head of Tangerang Representative Office, dealer partners, financing institution partners, employees and other work partners.

Sahabat Insurance Alam Sutera is now open and ready to serve local residents with reliable services from Monday to Friday, 08.30-17.30 (Jakarta Time).

For information, Sahabat Insurance has 20 representative offices and branch offices in Indonesia. Sahabat Insurance Alam Sutera representative office is the first representative office established in Tangerang.

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How to save your electricity bill

To save on the use of electricity that you use, then you must know in advance what objects are consuming a lot of power. In addition to air conditioning, it turns out that water pumps, refrigerators, washing machines and computers consume large amounts of electricity. So don't be surprised if during WFH, your electricity bill swells. Once you know that, then you have to reduce the frequency of using the equipment. Turn off the air conditioner and lights during the day, and use them only at certain times. If you are watching TV, turn off the television when you are no longer watching it to save electricity.
Electrical power that is too large can cause a short circuit and fire, you know, friend.
Make sure your home has been covered by insurance to protect it from the risk of fire that may occur. Contact us for questions regarding home protection from fire losses.

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