Get to know Central Asia Life Insurance: OJK Permit and Review
Get to know Central Asia Life Insurance: OJK Permit and Review

Get to know Central Asia Life Insurance: OJK Permit and Review

Posted on

PT Asuransi Jiwa Central Asia Raya or PT AJ Central Asia Raya is a life insurance company that has obtained an official business license from the Financial Services Authority (OJK). This insurance company is also often called CAR Life.

When compared to other insurance companies in Indonesia, the choice of CAR Life products is very complete. Starting from health insurance, life, unit link, education, sharia, micro, there are even DPLK products.

Before discussing further about CAR Life’s products and reviews, let’s get acquainted with the company profile first!

Company profile PT Asuransi Jiwa Central Asia Raya

PT Asuransi Jiwa Central Asia Raya (CAR Life) has been established since 1975 for the license of conventional insurance companies. Meanwhile, the new sharia product category was officially established and operated in 2007. The following is the number of business licenses issued by the Decree of the Minister of Finance:

  • Conventional Insurance: KEP-013/KM.13/1987, dated December 18, 1987
  • Sharia Insurance: KEP-070/KM.10/2007
  • DPLK CAR: KEP-183/KM.17/1995, July 4, 1995

In addition to having an official business license, CAR Life also has a company financial report in accordance with the provisions of the Financial Services Authority.

Following the standardization of rules Number 71 and 72/POJK.05/2016, every insurance company is required to have a solvency ratio (RBC) of at least 120 percent.

Well, if you look at the financial statements in 2020, the company has an RBC of 212 percent. This means that CAR Life is able to meet OJK standards.

Central Asia Raya Life Insurance Products

The Central Asia Raya Life Insurance product or CAR Life is available for individual insureds, families, and employees.

In addition, there is also a choice of sharia insurance whose company operations have obtained a business license from the National Sharia Council – Indonesian Ulema Council (DSN-MUI). Here are the product choices:

1. Life Insurance

A life insurance product that provides cash compensation if the insured dies or is at risk of permanent disability due to illness or accident. Here is a selection of products CAR insurance Life:

Police Name Benefit
Central Asia Life Protection Death benefit up to IDR 500 million + premium refund
Lifetime Death benefit up to IDR 100 billion + can be extended until the age of 90 years
Protect Ray Cash compensation + coverage for medical expenses due to accidents
CARLegacy Cash compensation is given when the insured is 55 years old + is given periodically until the age of 69 years
Executive for Life Cash compensation of up to IDR 100 billion + can be extended until the age of 80 years
CARity Fund 20 Compensation for death + permanent total disability

2. Unit Link Insurance

Unit link insurance is a CAR Life life insurance product that provides cash compensation if the insured dies and benefits from investment funds at the same time.

The way unit link works is simple, part of the premium paid by the customer will be used for insurance benefits and the rest for investment. Here are the policy options:

Police Name Benefit
Unit Link Cash compensation (UP) minimum of IDR 15 million or 150% of the total premium at once
Rupiah Executive Investment interest in the 6th year reaches 51% + cash compensation 2x the total premium

3. Health Insurance

The CAR Life Health Insurance product covers the cost of health care, both if the customer has to be hospitalized or outpatient consultation. The following is a selection of health insurance policies to choose from:

Police Name Benefit
Central Asian Preventive Care Hospitalization + surgery + emergency outpatient + death benefit
Family Prevensia CARe Inpatient + surgery + outpatient. Available for the insured individual or family
CARin Hospitalization + ambulance fee
Prevensia Pro Ultimate Insurance Room fee up to IDR 3 million/finger + can be extended until 75 years old
Central Asia Health Protection Hospitalization compensation of IDR 1 million/day + outpatient treatment of up to IDR 3 million + 50% premium refund
Central Asia Tropical Disease Protection UP up to IDR 10 million if tropical disease is diagnosed + 50% premium refund

4. Education Insurance

The education insurance product from CAR Life provides cash compensation for education costs if the insured or parent dies. Here is the police best child education insurance Available CARs:

Police Name Benefit
Ananda Scholarship UP up to Rp100 billion + cash value given if you quit the policy

5. Employee Insurance

Insurance product intended for the insured employees. The choice of employee insurance from CAR Life is quite complete. Here are the policy options:

Police Name Benefit
Employee Accident Insurance Compensation if the employee dies + permanent disability + hospital treatment in case of an accident
Employee Term Life Insurance Compensation for death of up to IDR 5 million due to illness or accident
Employee Health Insurance Compensation for inpatient + outpatient + surgery + dental care + glasses + childbirth

6. Sharia Insurance

The management of sharia insurance products from CAR Life follows the principles of Islamic law. This means using a mutual cooperation system. The following is a list of sharia insurance policies from CAR LIfe:

Police Name Benefit
CARLisya Ultimate Insurance Life insurance benefits + lump sum investment cash value
Istiqomah Hajj Fund Life insurance benefits + lump sum investment cash value
Sakinah Waqf CAR Insurance Death benefit + cash return if it stops in the middle of the policy
Fathanah Scholarship Compensation for death in the form of coverage for children’s education funds
CARlisya Life insurance benefits + lump sum investment cash value

7. Microinsurance

Micro Insurance from AJ Central Asia Raya offers insurance benefits at friendly premiums. Microinsurance premiums are usually around Rp. 50 thousand per month. The following are the available microinsurance policy options:

Police Name Benefit
Dengue Fever Insurance Compensation of IDR 2.5 million if diagnosed with dengue fever
you are Peci Death benefit up to IDR 25 million

8. CoB BPJS Health

Central Asia Raya Life Insurance in collaboration with BPJS Health by presenting the Coordination of Benefit (CoB) program.

That is, if the customer wants to upgrade to the BPJS Health treatment room, the excess cost can be borne by the insurance.

9. DPLK

The company presents a pension plan with a lump sum investment benefit. Here are the police options DPLK the best:

Police Name Benefit
Defined Contribution Retirement Program Pension benefit up to IDR 100 million + investment gain up to 11%
Severance Program Pension benefits if employees are laid off + investment gain up to 11%

10. Bancassurance

Asuransi Jiwa Central Asia Raya cooperates with a number of banking companies to market a wide selection of products. Some of its products include credit card insurance, mortgages, and the like.

Central Asia Raya Life Insurance Premium

Central Asia Raya Life Insurance premium prices range from Rp. 164 thousand per month. However, the premium amount may change at any time, depending on the customer profile and the type of policy selected.

Usually when entering the age of 30 years, insurance premiums will be more expensive. As you get older, the risk of getting sick also increases.

Therefore, you should register yourself and your family in health insurance as early as possible. So the premium is cheaper!

As for life insurance products, you should know in advance the amount of the sum insured needed. Because, the amount of the sum insured will determine the premium price.

The bigger the sum insured, the higher the premium price. Try using sum assured calculator below to calculate it.

How to claim CAR insurance

You can make a claim for Central Asia Raya Life Insurance by way of a non-cash claim (no cash) and cash claims (return).

For insurance claim in cash, you can do it at CAR Life partner hospitals. It’s easy, just show the insurance participant card, then the hospital bill will be automatically covered by insurance.

While claim return It can be done in a non-partner hospital though. However, customers must pay hospital bills with personal funds first.

Then submit a claim, and if approved, the personal funds that have been paid will be replaced by the insurance. Good claim no cash or pay backmake sure to prepare the required documents such as:

  • Original insurance policy and photocopy
  • Photocopy of identity (KTP)
  • CAR insurance claim submission form
  • Power of attorney
  • Death certificate from the authorities
  • Doctor’s certificate regarding total disability (if the insured is permanently disabled and has not died)
  • Police certificate in case of death in an accident
  • Original hospital fee receipt for claim pay back

Central Asia Raya Life Insurance partner hospital

The company cooperates with a number of partner hospitals which are widely spread in almost all regions in Indonesia. Here are some of them:

  • Bhakti Mulia Jl. Aipda; KS Tubun No. 79; Slipi; West Jakarta 11410
  • Independent Health Development Jl. Duri Raya No. 22; Duri Kepa West Jakarta 11510
  • Cengkareng Jl. Kamal Raya; Bumi Cengkareng Indah, East Cengkareng; West Jakarta 11730
  • Ciputra – Citra Garden City Jl. Boulevard Blok G 1 No. 1 Citra 5 – Citra Garden City – West Jakarta 11830
  • Dr. Sander B – Kedoya Jl. Tomang Highway Toll Block A1 No. 16 – 18 South Kedoya, West Jakarta 11470
  • Eco Medika Citra Garden City Jl. Citra 2 Block J2 Citra Garden City West Jakarta 11830
  • Grha Kedoya Jl. Arterial Length No. 26; North Kedoya; West Jakarta 11520
  • Happy Dental Clinic Ciputra Mall Ciputra Lt. 4 No. 29 Jl. Arteri S. Parman Grogol, West Jakarta, Jakarta 11470

Address and call center CAR

You can access CAR Life customer service by contacting the call center or visiting CAR Life’s head office address.

The following is the address for the head office of PT Asuransi Jiwa Central Asia Raya, a special area for the capital city of Jakarta, located at Wisma Asia Lt. 11 Jl. Lt. Gen. S. Parman Kav. 79 West Jakarta 11420. Meanwhile, for services call center CAR Life and other customer contacts are as follows:

  • Call Center: (021) 56961929
  • SMS Center: 0855-999-1000
  • Email: [email protected]
  • Website: www.car.co.id

Is PT Asuransi Jiwa Central Asia Raya registered with OJK?

Yes, PT AJ Central Asia Raya has obtained a permit and is officially registered with the OJK with the code KEP-013/KM.13/1987 dated December 18, 1987. So, PT AJ Central Asia Raya is not a fraud, but a legal insurance company.

When compared to other insurance companies, PT Asuransi Jiwa Central Asia Raya has a very complete product selection.

In addition, the company also cooperates with a number of partner hospitals which are widely spread in almost all cities in Indonesia.

So, customers can more easily make claims no cash at the hospital closest to your current domicile. Let’s understand more about the tips to choose best life insurance in Indonesialet’s watch the following video:

Questions about Central Asia Raya Life Insurance

Read :   Net Worth Is Needed To Be Considered Rich In Different Cities
Gravatar Image
I am a person who likes to write and make information related to fruits, because I like and have a mango garden.