What is Insurance Policy?

Terakhir Diubah : 03:11:37 - Friday, 21 January 2022

Berita - What is Insurance Policy? - Sahabat Insurance | Solusi Lengkap Perlindungan Asuransi Anda

Policy is an insurance term which means a contract or agreement between an insurance company and the insured. Insurance policy describes all the rights and obligations between the two parties. The insurance policy will be valid written evidence in the agreement made by the insurer and the insured.
With the existence of an insurance policy, both parties who enter into the insurance agreement will be bound and have their respective responsibilities as agreed from the start. Insurance policies are very important in the insurance service itself, because the policy will protect every right and obligation of the customer and the insurance company.

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Sahabat Insurance Supports Actuarial Olympiad and Insurance Literacy Competition

Jakarta, Monday, February 9, 2026 — Sahabat Insurance reaffirmed its commitment to strengthening national financial literacy by supporting the Insurance & Actuarial Olympiad and the Insurance Literacy Competition organized by STMA Trisakti. The event brought together 442 participants from 20 provinces across Indonesia, reflecting strong public enthusiasm for increasing knowledge and awareness of insurance and actuarial science. Participants came from diverse backgrounds, including high school students, university students, as well as teachers and lecturers.

Sahabat Insurance’s Commitment to National Insurance Literacy
 Sahabat Insurance’s involvement in this event is part of the company’s corporate literacy program, implemented in line with recommendations from the Financial Services Authority (OJK). By supporting educational initiatives such as this competition, Sahabat Insurance aims to broaden public understanding of insurance and highlight the vital role of actuarial science in risk management and financial planning. Improved insurance literacy is expected to help the public:

  • Better understand the benefits and functions of insurance 
  • Make smarter and more responsible financial decisions
  • Strengthen financial resilience for the future

Encouraging Insurance and Actuarial Awareness Among Young Generations
The Actuarial Olympiad and the  Insurance Literacy Competition organized by STMA Trisakti serve as a strategic platform to:
  • Foster interest in the insurance and actuarial industry among young people
  • Enhance understanding of risk management, protection, and financial planning
  • Develop high-quality human resources with strong competitiveness in the financial sector
By involving students, educators, and academics, this competition is expected to create a sustainable educational impact within schools and higher education institutions.

Sahabat Insurance and the Future of Financial Literacy in Indonesia
Sahabat Insurance believes that strong insurance literacy is a fundamental pillar in building a financially resilient society. Supporting national educational initiatives such as this competition represents the company’s ongoing commitment to advancing financial literacy and inclusion in Indonesia.

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The Annual Meeting of Sahabat Insurance


The Annual Meetings of Sahabat Insurance will be held from November 16-18 th, 2023 in Bandung, West Java.
The Annual Meetings of Sahabat Insurance bring together all representatives from all division to achieve 2024 performance targets, especially achieving the vision and mission of Sahabat Insurance in 2024.

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How to Avoid Losing Your Bags When Travelling

Lost luggage happens, and it's a bummer—but it doesn't have to be the end of the world. We've put together a few tips on keeping your bags from traveling without you.

How to Avoid Losing Your Bags
The best way to avoid lost luggage is to carry it on—one carry-on-sized bag and one personal item, traditionally defined as a purse, tote, or anything small enough to fit under an airplane seat.Pack light and go carry-on only; that way, you'll never lose sight of your bag. Check airline rules before flying, as each carrier may have different bag dimensions.

Label Your Baggage Inside and Outside
All checked bags should have some label on the outside anda label on the inside - it can be beneficial to the bag's owner when it comes to identifying the bag.

A Picture Is Worth a Thousand Descriptions
Take a picture of your bag, preferably with a color tag, and keep it on your phone, email or another camera.

If your bag doesn't show up on the baggage carousel, look immediately for the airline's nearby baggage office or window and report it there at once. Give the window clerk your baggage stubs and wait for further instruction. Don't panic—your bag may just be delayed and coming in on another flight.

As soon as your luggage has been declared lost, you should call your travel insurance company to ask for advice on what to do next.

For more info about Sahabat Insurance Travel Insurance please call 021-50508080.

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Claim Submission & Operational Working Hours Related to Work From Home

Taking into account the increasingly worrying development of covid 19, the management of Sahabat insurance feels the need to take the following policies:

  1. Work From Home & operational working hours for Sahabat Insurance employees:
    • WFH (Work From Home) for all employees at the Jakarta head office from Monday 30 March 2020 to 03 April 2020.
    • Adjusted operational working hours for the head office and all branch offices outside Jakarta to 09.30 – 15.30 local time.
  2. For filing and reporting claims, during the implementation of the WFH policy at the head office, the following policies are taken:
Thus, we convey this notification, so that you are aware.
Thank you for your attention and good cooperation.


Signature
Friends of Insurance Management

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