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.
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Payment Fraud Prevention - Sahabat Insurance
Payment Fraud Prevention
- To make payments, payment must be made only to the PT Asuransi Sahabat Artha Proteksi (Sahabat Insurance) bank account number.
- Customers will be referred to their own Virtual Accounts. A Virtual Account consists of a unique customer ID number (please find it on your Sahabat Insurance’ premium note).
- Therefore, please avoid attempting to transact other than Sahabat Insurance bank account number, as it may lead to cancellation policy.
- If you encounter any suspicious transaction, please report it immediately.For more info please call 021-50508080, chat via WA 021-50508080 or email us [email protected]