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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Sahabat Insurance Launch New Representative Office in Banjarmasin

PT Asuransi Sahabat Artha Proteksi (Sahabat Insurance) launch the 19th representative office in Banjarmasin on Tuesday, March 14th 2023, in order to expand the official representative office in Indonesia.

Sahabat Insurance is committed to continuing to provide customer satisfaction, by always maintaining and improving service quality, as well as reaching customers spread across Indonesia.

Visit Sahabat Insurance - Banjarmasin at Jl. Ahmad Yani KM. 10.300, Sungai Lakum, Kertak Hanyar, Banjar, South Borneo. If you need immediate assistance, please call us at 0511-6742067, 021-50508080 or email [email protected]

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Travel Tips: Driving Abroad

Are you planning to travel by car? Or perhaps you want to rent a car while on holiday abroad. Be aware that not all countries have the same traffic rules. Make sure you have travel insurance and a valid International Driving Permit before renting a car.

An International Driving Permit allows you to drive vehicles in foreign countries. You must always have your IDP along with your national license at all times. An International Driving Permit, often referred to as an international driving license, is a translation of a domestic driving license that allows the holder to drive a private motor vehicle in any country or jurisdiction that identify the document.
How to Apply?
You will need to provide passport, ID (KTP), original passport photo and your national driver’s license, upload to korlantas polri website. To make payments, you will be referred to your own Virtual Accounts.(Source: https://siminternasional.korlantas.polri.go.id)

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

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Sahabat Insurance Donates to Flood and Landslide Victims in Aceh and Sumatra

Medan, December 15, 2025 — Sahabat Insurance has distributed humanitarian financial assistance to communities affected by floods and landslides in Aceh Province, North Sumatra, and West Sumatra. The aid was channeled through YAKOPI (Indonesian Coastal Conservation Foundation), a Medan-based humanitarian organization.
The handover of the humanitarian aid was carried out directly by Elly, Head of Sahabat Insurance Medan Branch, on Monday (December 15, 2025) at the YAKOPI Office in Medan, North Sumatra.

Sahabat Insurance’s Commitment to Disaster Relief
This humanitarian initiative forms part of Sahabat Insurance’s Corporate Social Responsibility (CSR) program and reflects the collective concern of Sahabat Insurance employees who seek to support communities affected by natural disasters across Indonesia.
The floods and landslides that struck several areas in Aceh, North Sumatra, and West Sumatra have caused extensive damage to residential homes and public infrastructure, while also disrupting the social and economic activities of local communities.

Sustained Commitment from Sahabat Insurance
Sahabat Insurance reaffirmed its commitment to actively participate in social and humanitarian initiatives, in line with the company’s core values of care, solidarity, and social responsibility.

Sahabat Insurance (PT Asuransi Sahabat Artha Proteksi) is a general insurance company registered with and supervised by the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan – OJK). The company provides a wide range of insurance solutions for the Indonesian market, with motor vehicle insurance as its primary line of business, followed by property insurance and other general insurance products.

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Sahabat Insurance received award from the 25th Infobank Insurance Award 2024

Sahabat Insurance received Excellence award from the prestigious the 25th Infobank Insurance Award 2024 in the General Insurance Category with Gross Premium IDR 500 Billion - < IDR 1 Trillion, on Friday, July 26 2024. This rating is based on the performance of these insurance companies as stated in the audited and published financial reports for the full working year 2023.

Sahabat Insurance has received an Excellent predicate according to the Infobank Awards for 4 consecutive years, in 2021, 2022, 2023 and 2024.

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