Best Insurance List in Indonesia and 2022 Product Review - The best insurance in Indonesia can be determined based on a number of indicators. One of the main determinants is financial health which can be seen in the company's annual report.
It should be noted that the best insurance companies in Indonesia are estimated at more than 70. Therefore, curating the background of each company will of course take a long time.
Especially if you want to immediately have insurance. We have a solution, you can consider the order of the best insurance companies in Indonesia according to the Insurance Media Research Institute.
LMRA list of the best insurance companies in Indonesia
Media Asuransi is a magazine managed by the Indonesian Insurance Council (DAI), which also oversees the Indonesian general insurance board. This media focuses on topics such as insurance, banking, finance, capital markets, and other financial industries.
List of the best insurance in Indonesia by type
In addition to referring to the list of insurances in Indonesia, the insurance team has also curated the 70 best insurance companies in Indonesia. Here are some product recommendations based on the type of insurance in Indonesia.
The best health insurance recommendations in Indonesia
In choosing the best health insurance in Indonesia, there are several factors to consider, including the sum insured in proportion to the hospital fees and premiums paid, the area of the partner hospital, to other benefits that can benefit customers.
The following is a complete selection of the best health insurance in Indonesia:
1. AXA Mandiri
One of AXA Mandiri's flagship health insurance products is Smartcare Executive. This insurance policy option is perfect for those of you who want insurance benefits with a high annual limit and low premium prices, starting from IDR 170 thousand per month. This policy also provides health insurance and life insurance benefits at the same time.
AXA Mandiri also provides the best dental insurance that is included in the benefits of its health insurance policy.
2. Lippo Insurance
If one of the policies from Lippo Insurance is perfect for those of you who are looking for the best family health insurance with dental care coverage benefits. Through the HealthPlus Family policy, customers can get the benefits of one policy for all family members at once with a premium of only IDR 416 thousand per month. The annual limit of the policy reaches Rp. 300 million.
3. Prudential
Prudential health insurance is indeed the most sought-after option today. There are several choices of insurance policies that can be tailored to the needs of each customer, such as PRUPrime Healthcare which offers coverage according to PRUPrime Healthcare Syariah bills with the advantage of being Dana Marhamah compensation if the main participant dies.
No half-hearted, the total coverage benefits offered to reach IDR 35 billion per year!
4. PT AIA Financial
AIA Health Insurance is a product of PT AIA Financial Indonesia. The product that is quite superior to this company is Premier Hospital and Surgical Plus. This product has coverage benefits for inpatient and outpatient expenses until the age of 80 years.
5. FWD Life
Another best health insurance company in Indonesia is FWD Life. FWD Life Indonesia is a multinational life insurance company that is part of the FWD Group. Its superior products are health insurance with a limit of up to IDR 75 billion and COB BPJS Health.
6. PT Asuransi Cigna
No less superior to the previous health insurance company, PT Asuransi Cigna also has a family health insurance policy with fairly low premiums. You can get the flagship product, Cigna Family Care Optima, with premium prices starting from Rp. 500 thousand. In addition, another advantage of Cigna Health Insurance is the limit of up to Rp. 67 billion and having international hospital partners.
7. Allianz Life
Another best health insurance company is Allianz Life. PT Asuransi Allianz Life Indonesia itself is actually a subsidiary of the Allianz Group. The company excels in health insurance policies because it offers a limit according to the bill. Not only that, Allianz Life also has more than 1000+ hospital networks both domestically and abroad.
8. PT Asuransi Sinar Mas
The best insurance company that also offers health insurance policies is Sinar Mas. Sinar Mas has products available for insured individuals, families, and employees. With premium prices starting from Rp. 119 thousand per month for Simas Sehat Gold Insurance policies and a wide range of hospital partners both domestically and internationally, Sinar Mas Health Insurance products are in great demand by customers.
9. Astra Life
Astra Life is also the choice of other best health insurance companies that should be considered. PT Asuransi Jiwa Astra (Astra Life) itself is actually a subsidiary of the Astra Group. Its health insurance product is superior because it has 900++ hospital partners. Not only other advantages are the benefits of multiple claims.
10. Mega Life
Another best insurance company that also offers health insurance products is Mega Life. PFI Mega Life is a joint life insurance company between CT Corp (Indonesia) and Prudential Financial Inc., (United States). The company's health insurance products are quite superior because the premium prices start from Rp. 80 thousand per month and there is a no claim bonus of 50 percent.
The best life insurance recommendations in Indonesia
Life insurance has a different function from health insurance, namely as a financial solution for abandoned families. Before choosing the best and most trusted life insurance, let's take a look first
The definition of life insurance is a product that guarantees the sum assured if the customer dies. Life insurance is highly recommended, especially for those of you who work as the breadwinner of the family.
Because the family will lose their source of income if the breadwinner dies. The hope is that the sum assured can finance the lives of the families left behind for a while.
In addition to daily living expenses, insurance coverage can also be used to pay for children's education costs and pay off installments. Therefore, choose insurance with a high sum assured or as needed.
1. Simas Jiwa
The life insurance policy from Simas Jiwa, namely SIJI Guard 4, is classified as the best life insurance ranking choice in 2020 for the best pure insurance. This is because the policy covers the customer's entry age of up to 69 years. Whereas other insurance usually only covers the customer's entry age of up to 50 years. In addition to the risk of death that is covered, it is also complete, both due to accidents, death, to compensation for permanent disability.
2. Ciputra Life
Through the Citra Guarantee Pasti 50 policy, the insurance company Ciputra Life provides a premium return benefit of 160 percent in the 20th year. In addition, customers can also get benefits for death due to accidents of up to Rp. 100 million and due to illness of up to Rp. 50 million.
3. Manulife
Manulife Life Insurance excels with an Essential Assurance policy that covers the customer's age up to 99 years. In addition, this Manulife policy also provides cash value benefits and a 100 percent return of the sum insured at the end of the policy. Not only that, the death benefit provided by Essential Assurance is also very high, up to IDR 2.5 billion.
4. Sequis Life
Another best life insurance company in Indonesia that could be your next choice is Sequis Life. Life insurance products from this company have coverage benefits for a lifetime. Not only that, the company also offers a sum insured of up to IDR 1 billion.
5. Heksa Insurance
PT Heksa Solution Insurance which has been supervised by the OJK also offers life insurance products with fairly complete benefits. One of the products offered by this company also covers up to the age of 99 years and the benefit of a no claim bonus when there is no claim until the end of the policy.
6. Star Investama Insurance
Another best life insurance company that can be an option is Star Investama. This company is quite superior with life insurance products because it has a sum insured benefit (UP) of up to 125 percent and a guarantee for the risk of covid-19.
7. CAR Life
Central Asia Raya Life Insurance or better known as CAR Life also offers a variety of life insurance products that you can choose from. The life insurance policy from this company is quite superior because it provides death benefits of up to Rp. 200 million. Not only that, the benefits of child scholarships of up to 570% of the Sum Assured (UP) are another advantage.
8. PT Asuransi Cigna
Cigna Life Insurance is also one of the superior products offered by PT Asuransi Cigna. This insurance company offers a policy with a sum insured (UP) of up to IDR 2 billion with premium prices starting at IDR 164 thousand per six months.
9. Sequis Life Insurance
PT Asuransi Jiwa Sequis Life is also one of the companies that offer life insurance products. One of its superior policies is Sequis Sejahtera Micro Insurance which provides death benefits with low premiums, starting from Rp. 75 thousand per day.
10. Chubb Life Life Insurance
Chubb Life Insurance is also a life insurance company that has obtained a business license from the Financial Services Authority (OJK). One of the company's flagship products is the Extra Cash Back Protection Life Insurance which provides premium return benefits of up to 100 percent in the 10th year. You can get this product through with premiums starting at IDR 100,000 per month.
The best car insurance recommendations in Indonesia
Choosing the best vehicle insurance in Indonesia, you should look for one that has a wide partner workshop. So if there is a risk, you will have no trouble making a claim. In addition, also consider the risks that may occur. For example, if you live in an area prone to flooding, then look for car insurance that covers that risk.
Here are the best comprehensive and all risk car insurance options:
1. Sinar Mas Insurance
There are two choices of Sinar Mas car insurance policies, namely Simas Mobil Comprehensive and Simas Mobil TLO. For Simas Mobil Comprehensive, it bears all kinds of risks of loss, both small damage such as abrasions, to major damage such as falling or theft. Interestingly, this policy provides a repair warranty. For example, after the first repair is still damaged, the insurance will still cover the costs of subsequent repairs.
If Simas Mobil TLO only bears total losses such as theft, falling, and the like. Interestingly, this insurance also provides expansion or rider benefits in the form of legal liability, personal accidents, and natural disasters.
2. ACA
ACA Car Insurance is divided into two policies, namely ACA Otomate and ACA Otomate Smart. ACA Otomate provides coverage for the risk of flooding, abrasions, personal accidents, and third-party legal liability. If the car is under 6 months old or is relatively new, compensation will be given according to the price of the new car.
Meanwhile, ACA Otomate Smart provides benefits similar to the previous policy. It's just that there is a difference in the value of the sum insured given.
3. Autocillin
The company has two car insurance policies, namely Autocillin Comprehensive and Autocillin TLO. Autocillin Comprehensive is often referred to as the best all-risk car insurance because it bears the risk of loss and small to total damage to car vehicles. The age limit for vehicles that can be insured is a maximum of 8 years. Autocillin car insurance claims can also be submitted online through the application.
While Autocillin TLO only focuses on the risk of total damage such as collisions, formations, overturning, falling, burning, theft, and the like. The maximum age limit for cars that can be insured is 15 years.
4. Auto Guard Insurance
Looking for the best insurance products in Indonesia 2020 for your favorite car? You can choose the Astra Buana Insurance company to be an option. This company provides Garda Oto Car Insurance products with complete policy benefits, a genuine spare parts guarantee, and pick-up service from the workshop.
5. Sompo Car Insurance
The Sompo Car Insurance product is also one of the most sought-after by customers. The company provides a choice of all risk and TLO policies with complete coverage benefits. Apart from that, another advantage of the products offered is the increased transportation while the car is under repair and has 500++ workshop providers.
6. ASPAN Car Insurance
PT Asuransi Purna Artanugraha is also one of the companies that offer car insurance products. The car insurance product offered by this company offers the benefit of taxi accommodation fees for a maximum of 5 days while the car is under repair at the workshop. Not only that, the company also has 133++ workshop partners. As for the premium price, ASPAN Car Insurance is quite cheap, starting at IDR 50 thousand per month.
7. ABDA Car Insurance
ABDA Car Insurance which is managed by PT Asuransi Bina Dana Arta Tbk also offers policies that are no less attractive. The company has two choices of policies, all risk and TLO with premium prices starting from Rp. 60 thousand per month. Of course, other advantages such as having a total of 400++ workshop partners are the things that stand out from the company.
8. Tokio Marine
If you are looking for a car insurance policy with affordable premium prices, then you can try products from Tokio Marine. Car insurance products from Tokio Marine not only offer complete policy benefits, but the premium prices start from IDR 36 thousand per month. Even so, the company is also registered with the OJK and has 100++ partner workshops.
Thus the discussion about the Best Insurance List in Indonesia and the 2022 Product Review, I hope the above review is useful for all of you.