What Is an Insurance Policy Period?

Terakhir Diubah : 16:15:25 - Kamis, 09 Februari 2023

An insurance policy period is the time frame during which an insurance policy is effective. Based on chapter IV, article 7 in INDONESIAN MOTOR VEHICLE INSURANCE STANDARD POLICY, it is a condition precedent to liability under this policy, that any premium payable shall have been paid off and actually received in full by the Insurer, in the event of:

insurance period of 30 (thirty) days or more, then settlement of premium payment shall be conducted within a period of 14 (fourteen) calendar days as of the date of inception of this Policy;

such insurance period is less than 30 (thirty) days, settlement of premium payment shall be conducted at the time of issuance of Policy.

In case the Insured fails to fulfill the liabilities as referred to in paragraph above, this Policy shall be automatically terminated without issuing cancellation endorsement starting from the expiry of the grace period and the Insurer shall be discharged from any liability there from.

For more info about Sahabat Insurance call 021-50508080.

index.Other News

CSR - Sahabat Insurance for Cianjur Earthquake

On Monday, November 21st 2022, a 5.6-magnitude earthquake struck near the town of Cianjur in West Java, Indonesia. The earthquake resulted in the destruction of over 22,000 homes .
Sahabat Insurance distributed aid to earthquake victims at one of the church and mosque in the Cianjur area, West Java (25/11) .The assistance provided by the Company is a form of social care for victims through the corporate social responsibility of Sahabat Insurance.

Baca Selengkapnya

How to reach Sahabat Insurance?

Please email your questions to [email protected]
or call us at 021-50508080
or chat via WhatsApp 021-50508080

Baca Selengkapnya

These are the fines and dangers of taking shelter under a JPO or Flyover

During the rainy season, motorcyclists usually take advantage of the JPO (Jembatan Penyeberangan Orang), underpasses, or flyovers for shelter. Unfortunately, this turned out to be a violation of traffic laws and regulations.Stopping on the shoulder of the road like that is not only a danger to yourself but also other motorists. The movement and speed of the vehicle will also be hampered.The prohibition on stopping carelessly is stated in Law No. 22 of 2009 concerning Road Traffic and Transportation (LLAJ). Precisely in article 106 paragraph 4 which reads that everyone who drives a motorized vehicle on the road must comply with the following provisions:
Command Signs or Prohibition Signs
Road markings
Traffic Signaling Tool
Traffic Movement
Stop and Park
Warning
As for the criminal provisions related to road marking violations, it is stated in Article 287 paragraph 3. It reads, every person who drives a motorized vehicle on a road that violates the rules of traffic movement, shall be punished with imprisonment for a maximum of 1 (one) month or a fine of a maximum of Rp. 250,000.

Baca Selengkapnya

Benefit of Personal Accident Insurance

Baca Selengkapnya