all about insurance

Product : General Insurance from ASEI

General Insurance Definition

• Property Insurance

Right now ASEI is preparing to set up products for oil and gas insurance by developing special unit that handles oil and gas insurance, trains employees, and implementing a supported system for this insurance

The insurance covers the damage or loss for exploration equipment and oil production. Equipments that could be covered such as jack-up, semi-submersible, ship-shape, platform, and other exploration and production equipments either on onshore or on offshore.

Also, the insurance coverage could be used in rig development project, pipe installation, and other works that relate in oil and gas business.

Covering property's damage and loss caused by fire, natural disaster, or other damage with sudden occurrence. ASEI also provides insurance for any business interruption loss caused by fire

Property Insurance

Types of Property Insurance:
• Polis Standar Kebakaran Indonesia (PSKI)

Property insured by PSKI is house, building, shop, etc. The indemnification will be given to the insured for any damage or loss caused by fire, thunder movement, explosion, aircraft crash, and smog from fire in property being insured.

• Industrial All Risks (IAR) or Property All Risks (PAR)

The insurance for this policy is broader that PSKI's insurance. The policy will give indemnification for any property damage or loss caused by sudden occurrence and unexpected except for exceptional items in Exclusion section within the policy. The insurance covered includes loss from natural disaster such as flood, landslide, storm, etc. The property that is being covered usually includes factory, office building, hotel, apartment, shopping center, etc.

ASEI right now has been also providing General Insurance products to serve all clients in order to protect all business risk occurrence.

HEADQUARTERS

Menara Kadin Indonesia Building, 22nd Floor
Jl. H.R. Rasuna Said Block X-5 Kav. 2-3
Jakarta - 12950 INDONESIA
Telp : 62 21 5790 3535
Fax : 62 21 5790 4031, 5790 4032
E-mail : asei@asei.co.id