Further Information

Requirements for Applying Industrial All Risks Insurance :

• Currency: IDR
• Premium Rate: In accordance with OJK Circular Letter No.6/SEOJK.05/2017 concerning the Determination of Premium Rates or Contributions for Property Insurance and Motor Vehicle Insurance Business Lines in 2017
• Insured Period : The insurance period is valid for 12 months or any period agreed in the policy schedule
• Sum Insured: Unlimited according to the value of the insured property. Sum insured up to IDR 10 billion will automatically accepted without risk survey.
• Insured Age : The minimum age of the insured is 18 years and a valid ID card (KTP)
• No loss experience in the flood for the last 3 years

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Industrial All Risks Insurance

Insurance product is provided by the Insurance Company, It is not a product of PT Bank OCBC NISP Tbk. (“Bank”) and Bank is not an insurance agent or insurance broker of the Insurance Company.

The Insurance Company will take full responsibility over the insurance product and the content of the insurance policy published for such insurance product, so therefore Bank will not be liable in any form for the insurance product and the content of insurance policy published for such insurance product.

The insurance product is not a saving product of the Bank, thus is not included in the government guarantee program or Lembaga Penjamin Simpanan.

Premium paid by the Policyholder are including cost of insurance, supplementary, fund management, bank commission and marketing staff commission.

The information in this document should be read and subject to the policy provisions and other provisions that are related to the insurance product as per current as well as their changes afterward.