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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Sahabat Insurance launches new representative office in Jambi
PT Asuransi Sahabat Artha Proteksi (Sahabat Insurance) launch the 18th representative office in Jambi on Wednesday 21 September 2022, 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 - Jambi at Jl. Sumbiono Blok A2, Jelutung, Jambi. If you need immediate assistance, please call us at 0741-3622176, 021-50508080 or email [email protected]
Sahabat Insurance is a general insurance company with products such as:
•Property Insurance
•Motor Vehicle Insurance
•Personal Accident Insurance
•Travel Insurance
and so on.
For more information call us at 021-50508080.