Bank Ganesha BGTG

Bank Ganesha was established in 1990 and started its operation on April 30, 1992. The Bank received its license as a commercial bank from the Minister of Finance of the Republic of Indonesia in Decree SK No.393/KMK-013/1992 dated April 14, 1992; and in 1995 the Bank was approved as a Foreign Exchange Bank, according to Bank Indonesia Decree No.28/66/KEP/DIR dated September 12, 1995. The Bank is headquartered at Wisma Hayam Wuruk, Jl. Hayam Wuruk No. 8, Central Jakarta.

In meeting the needs of its customers, Bank Ganesha offers competitive and attractive third party deposit products in time deposits, current accounts and savings accounts; as well as extends loans to commercial, SME and corporate segments. The Bank also seeks to continually optimize its network franchise. As of year 2020, the Bank serves its customers through branch offices, sub-branches and cash offices located in Jakarta, Tangerang, Surabaya and Medan. In addition, Bank Ganesha also operates ATM machines with connectivity to ATM Bersama and Link network.

As a foreign exchange bank, Bank Ganesha also actively offers export and import payment transactions, foreign exchange and other banking services. And in 2018, Bank Ganesha has launched the Internet Banking and Mobile Banking platform launched in 'BANGGA' application. Bank Ganesha BGTG

Risk Monitoring Committee Membership Structure

1. Risk Monitoring Committee constitute of at least three members including one Independent Commissioner and two other independent members.
2. Risk Monitoring Committee is chaired by Independent Commissioner.
3. Members of the Risk Monitoring Committee are appointed by the Board of Directors based on the decision of the Board of Commissioners meeting and are reported in the General Meeting of Shareholders.
4. Independent Commissioner and independent parties which are members of the Risk Monitoring Committee must constitue at least 51% (fifty one percent) of the members of the Committee.

Duties and Responsibilities of the Risk Monitoring Committee:

Risk Monitoring Committee is responsible for providing opinions to the Board of Commissioners within the scope of risk management monitoring on matters submitted by the Board of Directors to the Board of Commissioners and to identify matters in need of the Board of Commissioners’ attention including to

• Evaluate the conformity between implementation and policy of risk management.
• Monitor and evaluate the effectiveness of the Risk Management Committee and Risk Management Unit.

Risk Monitoring Committee is responsible to the Board of Commissioners and must provide recommendations to the Board based on the evaluation carried out within the scope of risk management monitoring. Bank Ganesha BGTG

Code of Conduct of Indonesian Bankers

1. A Bankers must comply with and abide under the prevailing regulations.
2. A banker must take proper record keeping on all the Bank’s transactions.
3. A banker must refrain from unfair competition.
4. A Banker must not abuse his power for personal interest.
5. A banker must refrain from decision making in the event of conflict of interest.
6. A banker must maintain customer confidentiality.
7. A Banker must take into account the adverse impact of every policy applied by the Bank to the society in terms of economic, social and environmental aspects.
8. A banker must not accept gifts or rewards that benefits only themselves and their families.
9. A banker must not conduct any despicable acts that could harm the image of the profession.

Elements of the Code of Conduct of Bank Ganesha:

Every personnel is responsible to realize the Code of Ethics in their behavior. Personal and professional responsibilities lie on each of the individual. All our behaviors must reflect the Bank's business ethics. Therefore, the Bank’s personnel are required to:

1. Implement a culture of compliance.
2. Avoid conflict of interest.
3. Maintain confidentiality of the Bank’s business information particularly those relating to parties with business relationship with the Bank.

All Bank Ganesha personnel must sign the statement of compliance reflecting their commitment to the Bank’s Code of Conduct. Bank Ganesha BGTG

Ganesha Savings

Future Savings with Minimum Cost

Savings with competitive interest rate and withdrawal and transfer services at thousands ATM network.

Benefits :

• Attractive and competitive interest rates.
• Free administration fee.
• Auto debit facility for payment of monthly bills.
• Automatic Fund Transfer (AFT) service, where you can transfer automatically to family or business partners.
• Access Realtime Online through Bank Ganesha branch office, Ganesha ATMs and ATM BERSAMA and LINK network.
• Ease of transfer between Ganesha accounts or other bank through Ganesha autotransfer facilities.
• Contact Center service for information and complaints through Call Ganesha 1500169. Bank Ganesha BGTG

Ganesha Optima Savings

Maximize Your Savings

Enjoy the optimal benefits of your savings, Ganesha Optima Savings give you progressive daily interest rate and free monthly administration fee.

Benefits:

• High interest rate savings product with daily interest rate calculation by compounding interest method.
• Free monthly administration fee.
• May be used as backup checking account with a standing instruction facility.
• Investment Savings card also serves as an identity card.
• Free Investment Savings card replacement costs.
• Auto debit facility for payment of monthly bills.
• Automatic Fund Transfer (AFT) service, where you can transfer automatically to your family or your business partners.
• Access Realtime Online through a network of Bank Ganesha offices, Ganesha ATMs and ATM BERSAMA and LINK network.
• Ease of transfer between Ganesha accounts or other bank through GANESHA autotransfer facilities.
• Call Center service for information and complaints to Call Ganesha 1500169. Bank Ganesha BGTG

Ganesha Investasi Savings

Safe and flexible Investment with Maximum Benefits.

Prepare your long term plan with Investment Savings product with various benefits and free monthly administration.

Benefits :

• High interest rate savings product with daily interest rate calculation by compounding interest method.
• Free monthly administration fee.
• May be used as backup checking account with a standing instruction facility.
• Investment Savings card also serves as an identity card.
• Free Investment Savings card replacement costs.
• Auto debit facility for payment of monthly bills.
• Automatic Fund Transfer (AFT) service, where you can transfer automatically to your family or your business partners.
• Access Realtime Online through a network of Bank Ganesha offices, Ganesha ATMs and more than 68,000 ATMs under ATM Bersama network.
• Ease of transfer between Ganesha accounts or other bank through GANESHA autotransfer facilities.
• Call Center service for information and complaints to Call Ganesha 1500169.

Ganesha Time Deposit

Investment with Maximum Benefits

Time Deposits with competitive interest rates thus maximizing your investment.

Benefits :

• Safe and secure. Guaranteed by the Depository Insurance Agency (T & C apply).
• Competitive and profitable interest, calculated based on the actual number of days (1 year counts as 365 days).
• Many term options to suit your needs, including 1, 3, 6 or 12 months.
• Choice to reinvest interest or transfer to Giro Ganesha or Tabungan Ganesha which can be withdrawn at any time.
• May be opened on behalf of two individuals (joint account).
• Available in a variety of currencies, IDR or USD.
• Extendable automatically by way of Automatic Roll Over with account information in the form of deposit account statement.
• Interest can be transferred to another account or add to the principal deposit.
• Can be used as loan collateral. Bank Ganesha BGTG

Ganesha Current Account

Smoothen your business activities in secured and reliable manner

Facilitate payment of Your business transactions easily safely and fast.
Available in US Dollar currency.

Benefits :

• Available in foreign currencies USD or SGD.
• Maintain the smoothness of your business transactions.
• Joint account availability for individual account.
• Competitive Interest rates.
• Autodebit and autotransfer facilities.
• Save money and invest in a foreign currency (USD). Bank Ganesha BGTG

Safe Deposit Box

We provide security, privacy and satey to your valuable items including when you store/pick up your valuables.

Benefits :

• SECURE - Sturdy storage area equipped with 24 hours security system with double lock key.
• FLEXIBLE - Available in various sizes to suite the needs of individual/business tenants.
• EASY - Easy lease terms simply by opening a savings or checking account (other banks may not require this, but charge a higher lease rate).
• CONVENIENT - Separate storage space from public space, so as to provide comfort and privacy while storing / retrieving items your valuable documents.

Rules :

• Pay the SBD rental fee for 1 year in advance.
• Deposit the key guarantee fee.
• Key guarantee fee will be returned after the rental period expires.
• Customer Service will assist to ensure that the box key can be used and is in good condition and that the box is empty.

Requirements :

• Individual
  - Copy of ID Card (KTP/SIM/Paspor/KIMS)
  - Copy of NPWP
• Enterprise
  Entrepreneur
  - Copy of Article of Association
  - Letter of Attorney if needed
• Fill up the application form and sign the Safe Deposit Box rental agreement.
• Pay the rental fee including guarantee fee for keys (returnable upon the completion of rental period). Bank Ganesha BGTG
  

Export/Import

Bank Ganesha provide supporting services for your Export and Import business transaction needs.

Through our competititve Letter of Credit and Trade Finance facilities, you can now trade with ease, security and smoothness with your international business partners.

Benefits :

Export :

• Secure since the Letter of Credit (L / C) is a guarantee of payment from the Bank to your business partners abroad.
• Opportunity to obtain financing facility in the form of Export Credit (KE) and Negotiable Letter Of Credit (Sight L/C) for post-shipment before importers submit payments to exporters.
• As a guarantee to suppliers for opening back-to-back Letter of Credit according to applicable regulations in the Bank Ganesha.

Import : 

• Secure since the process undertaken by Bank Ganesha are in accordance with the cross-border payment transaction requirements.
• Does not require availability of sufficient funds; only at certain percentage.
• Payments will be made by the importer to the exporter upon presentation of documents in accordance with the terms and conditions of the Letter of Credit (L/C).

Trade Finance :

• Competitive interest rate.
• Sufficient Cashflow for your business.
• Resolve capital requirements for the purchase of goods (for importers).
• Faster payment of export transactions (for exporters).

Requirements :

Export :

• Trading Business License (SIUP), Tax Identification Number (TIN), Trade Registration Certificate (TDP).
• Business Permit from related governmental Departments.
• Article of Association and its amendments (for business enterprises).
• Copy of account statement and financial statement within the past six months.
• Experience in export business for at least two years or experience in export business for one year with a minimum of 5x export transactions, or a customer of Bank Ganesha of 1 year without any export experience.
• Sales contract, Letter of Credit (L / C), order from the applicant.

Import :

• Trading Business License (SIUP)
• Has Import Identification Number (API), or Limited API (APIT) and NPWP.
• Company Registration (TDP)
• Special Importer Identity Number (NPIK)
• Registered Importers (IT)
• In possession of ceiling / Line of Letter of Credit (L / C) opening or case-by-case basis
• Fill out the application for Letter of Credit (L / C) and fulfills the general requirement for opening Letter of Creedit (L/C). Bank Ganesha BGTG

Remittance

Bank Ganesha provides remittance services either to domestic or abroad at a competitive cost in the following foreign currencies: USD, SGD, EUR, JPY and AUD.  Bank Ganesha BGTG

Tax Payment

Bank Ganesha provides payment services for your tax durites which include income tax (PPH), value added tax (PPN) and other types of taxes including import taxes, export taxes and customes. Currently Bank Ganesha has implemented MPN G3 (State Revenue Generation 3 Module) that makes it easy for tax payers / Mandatory Payor / Mandatory Depositor in making payment / tax payment to the state.

Tax payment via Bank Ganesha :

• ATM Ganesha network (payment guide click here)
• Teller  Bank Ganesha BGTG

Working Capital Loan

Support Your Business Needs

Working Capital Financing to support your business productivity with a tenor of 1 year to cover your needs to manage Accounts Payable, Inventory and Operating Expenses, including the need for financing or purchase of raw material production.

DIRECT WORKING CAPITAL LOAN :

1. Current Account Loan
2. Short Term Loan 
3. Fixed Loan 
4. Export Credit
5. Trust Receipt
   

INDIRECT WORKING CAPITAL LOAN :

1. Bank Guarantee :
• Written guarantee in the form of paper issued by Bank Ganesha which results in the Bank’s obligation to pay to the party receiving the guarantee in the event of payment default by the guaranteed party.
2. Letter of Credit (L/C) :
• Letter of Credit (L/C) issued by the applicant’s request which binds the issuing bank to pay to the L/C recipient (beneficiary) in accordance with the terms and conditions of the L/C.
3. SKBDN Facility:
• Domestic Letter of Credit (SKBDN) issued by the Bank based on the request of the applicant which states the bank promises to pay money to SKBDN beneficiary in accordance with the terms and conditions of the SKBDN.
• Facility used to purchase domestic goods (raw materials, finished goods, production machinery and spare parts) and/or the payment of services related to trade goods (not exceeding the value of the goods). Bank Ganesha BGTG

Investment Loan

Expand your business in the medium or long term for Modernization or Rehabilitation

Medium / long-term loan given to (prospective) borrowers to finance capital goods (fixed assets) within the framework of Rehabilitation, Modernization, Expansion or Establishment of new project; e.g. purchase of machineries, land and building, which payments are derived from the result of the abovementioned capital goods financed with tenor above 1 year.

Benefits :

• Financing of fixed assets / capital goods from productive businesses with a period of more than 1 year..
• Financing of fixed assets / capital goods for productive enterprises with maturities of more than one year.
• Availability of varied loan facilities, namely, medium-term or long-term loans for rehabilitation or modernization of productive enterprises; including the purchase of land, or land and building (including purchase of the property) and to finance capital / fixed assets, procurement of machinery / equipment, vehicles, building, etcs.
• May be used for refinancing, additional production capacity (expansion) and replacement or regeneration of production facilities (rehabilitation / modernization).
• Financing by the customer (self-financing) for project financing must account at least 20% of the total investment.
• Investment Loan Facility to purchase property should take into account that the type of property purchased is non-residential. Bank Ganesha BGTG

Letter of Credit (L/C)

Bank Ganesha provides Letter of Credit facilities for your business’ import needs.

Benefits :

• Protection on your international transaction settlement process.
• Improve your business credibility since the L/C is issued by a Bank with international standard.
• L/C Facilities comprise of:
  
  • L/C Line 
  • Sight L/C 
  • Usance L/C 
  • UPAS L/C case by case
  • Acceptance of Import documents (for Usance L/C transaction)

Letter of Credit :

• Borrower must possess Import Identification Number (API).
• Protection on trade for delivery of goods overseas.
• Protection on payment of foreign trade transactions.
• Payment on the basis of documents, not goods.
• More reliable due to written pledge by the issuing Bank towards pay settlements under the fulfillment of terms and conditions of the Letter of Credit (L/C). Bank Ganesha BGTG

Bank Guarantee

Support Your Business Operations and Project Implementation

Bank Ganesha provides indirect loan facility in the form of written guarantee (warkat) issued by Bank Ganesha which results in the Bank’s obligation to fully settle payments to the receiving party in the event of default by the guaranteed party.

Benefits :

Bank Guarantee is an indirect lending facility the Bank provides for the purpose of:

1. Commercial Bank Guarantee (provision of Bank Guarantee towards a product)
2. Bank Guarantee for Construction (issuance of Bank Guarantee towards contractors) Bank Ganesha BGTG

G-corporate

G-corporate is a web-based online banking service for institutional customers ranging from SME, commercial to corporate customers to perform various banking transactions in an easy, fast, secure and more efficient wherever customers are. Click here to use G-corporate to support your business.

Benefits of using G-corporate :

• Easy
  G-corporate is a user-friendly electronic banking service that does not require any special skills to use it.
• Speedy
  Transaction result and various information can be obtained in real time, wherever you are. Through G-corporate your company will save more time and cost.
• Flexible
  Can be accessed anywhere and anytime through internet network by using Browser. Also equipped with a complete transaction approval level arrangement so that it can be applied in accordance with the level of authorization in your company.
• Secure
  With G-corporate you can securely manage and control your transactions on your own. G-corporate comes with a token that works to generate password that always changes every time you make a financial transaction.

G-corporate features :

1. Overbooking
2. SKN/RTGS 
3. Online transfer  via ATM Bersama network
4. Remittance 
5. Payroll  (Overbooking, SKN, RTGS, Online) 
6. Transfer to Virtual Account 
7. Batch Transfer (Overbooking/SKN/RTGS/Online) 
8. Purchase (voucher) 
9. Payment (invoice) 
10. Sweep In, Sweep Out, Sweep Balance
11. Virtual Account 
12. Electronic Invoice
13. Account information
    • Portofolio
    • Account statement
    • Transaction history
    • Transaction status
    • Check book request
14. Message (Inbox/Outbox)
15. Rates and ATM/Branch location 
16. Hard Token Bank Ganesha BGTG

Bank Ganesha BGTG

Call Ganesha 1500169

Call Ganesha 1500169 is ready to help you with the latest information from Bank Ganesha, including:

• Product and  service information, includes: savings, loans, interest, exchange rate information of foreign currencies, etc.
• Account Balance and transaction information
• Blocking of ATM card or PIN Call Ganesha
• Reset blocking status of incorrect ATM pin
• Reset blocking status of incorrect Call Ganesha pin
• Unlock BANGGA service
• Customer care
• Information of listed standing instruction
• Information of bank code, branch location, ATM machine location, etc
• Request monthly e-statement report

Bank Ganesha BGTG

Mutual Fund

People Development Program Ganesha Bank

BFI Finance Indonesia BFIN

One of The Most Diversified Multifinance Companies in The Country

PT BFI Finance Indonesia Tbk (“BFI Finance” or the “Company”) is one of the largest multi-finance companies in Indonesia in terms of assets and operational network. With over 340 outlets nationwide and the support of more than 9,000 employees, the Company focuses on automotive and non-automotive financing, which comprises the financing of four-wheelers, collateralized lending backed by vehicles as well as leasing of equipment, machineries and others. BFI Finance was established in 1982 and has been listed on Indonesia Stock Exchange since 1990 with ticker code BFIN. The Company is rated ‘A+(idn)’ by Fitch Ratings Indonesia.

PT BFI Finance Indonesia Tbk (“BFI Finance” or “the Company”) was established on 7 April 1982 as PT Manufacturers Hanover Leasing Indonesia, a joint venture with Manufacturer Hanover Leasing Corporation from the United States. BFI Finance Indonesia BFIN
 

Year 1982

• The Company was established as PT Manufacturers Hanover Leasing Indonesia under the Deed No. 57 dated 7 April 1982, made before Kartini Muljadi, S.H., a Notary in Jakarta, and approved by the Minister of Justice of the Republic of Indonesia by virtue of its Decree No. C2-2091-HT.01.01.TH.82 dated 28 October 1982, and published on the State Gazette No. 102 dated 21 December 1982, Supplement No. 1390.
• The Company obtained the finance institution business license as a leasing company from the Minister of Finance of the Republic of Indonesia under the Decree No. KEP-038/KM.11/1982 dated 12 August 1982.
   

Year 1986

• PT Bank Umum Nasional and Essompark Ltd., Hong Kong, took over the ownership of the Company.
• The Company changed its name to PT Bunas Intitama Leasing Indonesia.
   

Year 1990

• BFI Finance became one of the first multifinance companies to list its shares at the Jakarta Stock Exchange and Surabaya Stock Exchange (now Indonesia Stock Exchange or IDX), with the share ticker symbol of BFIN.
• The Company’s name and status was accordingly changed to PT Bunas Finance Indonesia Tbk.
• The Company altered its operating license to a multifinance company, pursuant to the Decree of the Minister of Finance of the Republic of Indonesia No. 493/KMK.013/1990 dated 23 April 1990.
   

Year 2001

• The Company successfully completed its financial restructuring which led to a change of its majority shareholder. 
• The Company changed its name to PT BFI Finance Indonesia Tbk, under the Deed No. 116 made before Aulia Taufani, S.H., substitute of Sutjipto, S.H., a Notary in Jakarta, dated 27 June 2001, and approved by the Minister of Law and Human Rights of the Republic of Indonesia by virtue of its Decree No. C-03668.HT.01.04.TH.2001 dated 24 July 2001 and published on the State Gazette No. 35 dated 30 April 2002, Supplement No. 4195.
   

Year 2006

• The Minister of Finance of the Republic of Indonesia amended the Company’s business license through the Decree No. KEP- 038/KM.5/2006 dated 20 February 2006 to amend the business license previously granted to PT Bunas Finance Indonesia Tbk to the date of the approval of the Company’s name change to PT BFI Finance Indonesia Tbk.
   

Year 2007

• BFI Finance earned a long-term national rating of ‘Baa1(id)’ from Moody’s.
   

Year 2011

• Trinugraha Capital & Co SCA acquired 44.95% of the Company shares.
• BFI Finance earned a long-term national rating of ‘A(idn)’ from Fitch Ratings.
   

Year 2012

• Issuance of the Management and Employee Stock Options Program (MESOP) of up to 5% equivalent new shares from the total shares in the Company.
   

Year 2013

• The Company inaugurated its head office located at BFI Tower, Sunburst CBD Lot 1.2, Jl. Kapt. Soebijanto Djojohadikusomo, BSD City, South Tangerang, Banten Province.
• BFI Finance earned an upgraded long-term national rating to ‘A+(idn)’ with Outlook Positive from Fitch Ratings.
   

Year 2015

• The Company conducted stock buyback program to improve its capital management.
   

Year 2016

• BFI Finance earned an upgraded long-term national rating to ‘AA-(idn)’ with Outlook Stable and its short-term national rating to ‘F1+(idn)’ from Fitch Ratings.
   

Year 2017

• BFI Finance established a subsidiary, PT Finansial Integrasi Teknologi (FIT), under the Notarial Deed of Herna Gunawan, S.H., M.Kn. No. 4 of 15 September 2017, and approved by the Minister of Law and Human Rights of the Republic of Indonesia under the Letter No. AHU-0043022.AH.01.01.Tahun 2017 dated 29 September 2017. PT FIT is a company that provides IT-based peer-to-peer lending services.
• The Company obtained shareholders’ approval in the Extraordinary General Meeting of Shareholders (EGMS) on 25 October 2017 to establish the Sharia Supervisory Board. BFI Finance Indonesia BFIN
  

Vision :

To become a trusted partner in financial solutions that contributes to the enhancement of peoples standard of living

Mission :

• To provide reliable and effective financial solutions to our customers
• To deliver superior return-on-investment and sustain our reputation as a trusted public company
• To provide an ecosystem that nurtures future leaders of the organization
• To build long-term collaboration with business partners, based on mutual trust and benefit
• To contribute positively to society BFI Finance Indonesia BFIN
  

The Company has core values that shall be well understood and upheld as corporate culture. Our values are known as “GREAT”, which stands for Grow and Improve Continuously, Respect and Care, Excellent Service, Absolute Integrity, and Trust and Team Spirit. The understanding and compliance with corporate culture is very important to maintain growth and business sustainability. BFI Finance Indonesia BFIN

Articles of Association

PT BFI Finance Indonesia Tbk (“the Company”) was established as PT Manufacturers Hanover Leasing Indonesia on 7 April 1982 based on Notarial Deed No. 57 of Kartini Muljadi, S.H., Notary in Jakarta. The deed of establishment was approved by the Minister of Justice (recently known as the Ministry of Law and Human Rights) of the Republic of Indonesia in its decision letter No. C2-2091-HT.01.01.TH.82 dated 28 October 1982 and was published in the State Gazette No. 102, dated 21 December 1982, Supplement No. 1390. Based on Notarial Deed of Inge Hendarmin, S.H., Notary in Jakarta dated 14 August 1986, the Company’s name change from PT Manufacturers Hanover Leasing Indonesia to become PT Bunas Finance Indonesia Tbk, this amendment was approved by the Minister of Justice of the Republic of Indonesia in its decision letter No. C2-9677.HT.01.04.TH.86 dated 7 October 1986 and was published in the State Gazette No. 94 dated 25 November 1986, Supplement No. 1451. The Company’s Articles of Association has been amended several times, based on Notarial Deed No. 116 dated 27 June 2001 of Aulia Taufani, S.H., a substitute of Sutjipto, S.H., Notary in Jakarta, concerning the change in the name of the Company from PT Bunas Finance Indonesia Tbk to become PT BFI Finance Indonesia Tbk. This amendment was approved by the Minister of Law and Human Rights of the Republic of Indonesia in its decision letter No. C-03668.HT.01.04.TH.2001 dated 24 July 2001 and was published in the State Gazette No. 35 dated 30 April 2002, Supplement No. 4195. The Company’s Articles of Association has been amended several times. Based on Notarial Deed No. 7 dated October 25, 2017, passed before Herna Gunawan, S.H., M.Kn., Notary in Tangerang, regarding the addition of the Company's financing activity based on sharia principles. The amendment was already approved by the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0024031.AH.01.02. TAHUN 2017 and received and recorded in the database of the Legal Entity Administration System of the Ministry of Law and Human Rights of the Republic of Indonesia No. AHU-AH.01.03-0191568 dated November 16, 2017. Currently, the amendment is still in the process of announcement in the State Gazette. The latest amendment to the Articles of Association was made by Deed No. 55 dated 25 June 2019 made before Aulia Taufani, S.H., Notary in the South Jakarta Administrative City, concerning amendments to Article 3 of the Company's Articles of Association concerning Purpose and Objectives and Business Activities. The amendment was approved by the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0033646.AH.01.02. TAHUN 2019 dated 28 June 2019. Currently, the changes are still in the process of being announced in the State Gazette. BFI Finance Indonesia BFIN

The Company has core values that shall be well understood and upheld as corporate culture. Our values are known as “GREAT”, which stands for Grow and Improve Continuously, Respect and Care, Excellent Service, Absolute Integrity, and Trust and Team Spirit. The understanding and compliance with corporate culture is very important to maintain growth and business sustainability.

Grow and Improve Continuously
This value refers to the Company’s commitment to grow all the time; both from quality and quantity sides; in termsof business development and human capital power, of more effective and productive thinking and action, as well as of process and actual work result in supporting the growth of the organization. Commitment for this development is also followed with consistent and sustainable improvement in all aspects, to name a few, the development of organization, business, product, work processes and quality of human capital.

 

Respect and Care
Giving respect and showing care is the Company’s culture that shall be carried out consistently, not only limited to fellow employees but also to many aspects related to the organization. Respect here means to give respect to fellow employees by appreciating any existing differences; both in terms of way of thinking and action; and finding uniformity to build the Company even stronger. Meanwhile, care here means care about the condition and situation of the Company and always take part to support the Company’s accomplishment in any situation.

 

Excellent Service
This value is defined as continuous demand to deliver customer satisfaction. This thinking is essential as the Company’s guidance in preparing the principles of policy and strategy, business activities, decision-making process, and service provision.

 

Absolute Integrity
Integrity refers to virtue and balance between the perspective, words and acts against the existing situation and condition, including honesty, sincerity, and commitment to a condition. Integrity is also reflected on how employees balance the conformity and consistency between words and conduct (walk the talk) to make the Company efficient and stable. Integrity is visible when doing right and having the courageto admit one’s mistake in order to create a transparent andpositive culture.

 

Trust and Team Spirit
Intact and optimum cooperation can be obtained from the trust that is built through various conditions. Mutual trust constitutes the primary capital of the organization to bind and tighten the relationship among fellow employees, between employees and the Company and the other way round. Mutual trust to good faith and positive spirit for the advancement of the organization becomes the groundwork for the establishment of long-term relationship and cooperation. BFI Finance Indonesia BFIN

ENTERPRISE RISK MANAGEMENT

Enterprise Risk Management (“ERM”) is defined as the process of planning, organizing, leading, and controlling the activities of the organization in order to minimize the effects of risk on an organization’s capital and earnings. ERM covers credit, financial (liquidity and financing), operational, regulatory, strategic/business, other risks that the Company faces in its day-to day activities. 

BFI employs this holistic approach to manage the risks it faces and their potential impact to financial results. Risk control is conducted by identifying and evaluating the key risks faced by the Company, developing strategies and mitigating controls to manage the risk, and measuring the residual risk after the control is implemented. 

The implementation of comprehensive risk management system will enable the Company to effectively manage risk exposures in order to achieve predictable portfolio and process performance and maximize profits.

In the midst of an increasingly competitive marketplace, effective calculated and well-documented risk management practices are the main pillar in the decision-making process. The Company operates in an extremely dynamic environment where business competition is intense, customer demographic is continuously evolving, regulations are changing, and macroeconomic conditions continue to be challenging. It is Senior Management’s responsibility to effectively monitor and manage the risks faced by the Company in order to anticipate potential impacts and implement remedial actions. This in turn will ensure stable and healthy profit growth. 

The ERM framework is based on the Three Lines of Defense approach; which consists of risk oversight, control, and management.

First Line of Defense

Business and operating units serve as the first line of defense and are responsible for identifying, evaluating, overseeing, and mitigating risks. Its primary responsibility is to manage risk exposure on day-to-day basis in accordance with the approved target market, policies, and procedures. 

Second Line of Defense    

The ERM Division, Financial Control Department, as well as the Legal and Litigation Department, constitute the second line of defense by performing an independent oversight function. The ERM Division is responsible for reviewing and approving risk appetite and strategy, as well as working with business and operating units of the Company to ensure that risks can be identified, measure, and managed within the established limits.

The Legal and Litigation Department manages compliance risk and is responsible for ensuring that all prevailing regulations have been disseminated and adhered to by all units.

Third Line of Defense

The Internal Audit Department independently performs audit and assessments of the processes executed by the business and operating units. These reviews aim to ensure that the units carry out their duties and responsibilities in accordance with the determined policies and procedures. BFI Finance Indonesia BFIN

Automobile Financing

Financing of purchasing new and used four-wheel vehicles from dealer/showroom/individual both for personal or business use with financing period of 1-4 years and fixed rate. BFI Finance Indonesia BFIN

Heavy Equipment, Trucks, and Machineries Financing

PT BFI Finance Indonesia provide investment financing facility to finance all types of new and used capital goods, but can also be the working capital financing in sale and leaseback mechanism.

 

Type of capital goods financed by PT. BFI Finance Indonesia include:

Heavy Equipment

Financing heavy equipment for various industrial sectors (Construction, Agribusiness, Agriculture, Oil / Gas, Mining, Ports, Aviation and Tourism) that uses various types of heavy equipment in the operations of his, such as excavators, bulldozers, cranes, heavy trucks, forklifts , and others.

Truck

Financing a truck, we can finance various types of trucks used in various business sectors, such as tank trucks, cargo, dump, trailer, low-bed, flat-deck, and others.

Digital Printing and Printing Machine

As one of the major players in the printing Industry in Indonesia, we have a wide network of cooperation with suppliers selling digital printing machines and printing machines. Financing various types of printing machines that are used both in the process of printing and printing machine supporting.

Industrial Machinery

Funding in some business sectors to support production, such as machinery cnc, blowing and molding machines, spinning machines, embroidery machines, textile machinery, garment machinery, generators and other industrial machinery.

Medical Devices

Healthcare Equipment Financing is a financing facility to Hospitals, Clinics, Physician Specialist to invest in the purchase of medical equipment such as X-ray, Dental Chair, Citiscan, MRI and others. BFI Finance Indonesia BFIN

Property Financing

Financing of purchasing used and new property both for personal or business use with financing period of 5 years and floating rate.BFI Finance Indonesia BFIN

Procurement of Goods and Services

Financing of various needs both consumptive needs (education, health and beauty, wedding, property renovation, traveling, etc.) or productive needs (business capital and investment) using collateral of property certificate, proof of two-wheel or four-wheel motor vehicle ownership (BPKB) or another collateral as agreed. BFI Finance Indonesia BFIN

BFI Finance Indonesia BFIN

PT BFI Finance Indonesia Tbk - Company Profile

Buana Finance BBLD

Buana Finance BBLD

The history of PT Buana Finance Tbk. Originated from the establishment of Joint Venture Private Financial institution named PT BBL Leasing Indonesia (Bangkok Bank Leasing) on June 7, 1982. Overtime the Company has evolved in unison with the robust growth of the financing industry in Indonesia. In 2005, the Company changed its name to PT Buana Finance Tbk., and continues strengthening its existence in the Financial Industry with the support of the Founding Group of Bank Buana Indonesia

As one of the pioneering members of the Indonesia Financial Services Association (Asosiasi Perusahaan Pembiayaan Indonesia/APPI), we have been actively involved in the dynamics of the financing industry. We are one of few finance companies in Indonesia, listed as public companies in the Indonesia Stock Exchange since 1990, with main focus in the Leasing segment  and consumer financing (for second-hand cars).

To claim a leading position in the market, we continue to incorporate the latest innovation of the industry, such as those pertaining to information technology. Our current infrastructure is now supported by fully computerized and online information systems throughout all our branches in Indonesia around the clock. With the support of professional human resources, the speed of our services can be relied on to support the fulfillment of Customer’s demands.

Having accumulated almost 3 (three) decades of business acumen, we position ourselves as a business partner who better understands the demands of Customer’s. Our added value is evident in our sensitivity to respond to the dynamics of our Customer’s need and our sincerity to nurture a long term relationship. All of our business aspiration reflects the Company’s mission and values which are internalized continuously. Buana Finance BBLD

Vision

To be the most preferred finance company providing innovative financial solution and becoming a benchmark in the industry

Mission

Create long term mutual beneficial relationships with reputable and trustworthy customers, suppliers, and creditors.

Deliver innovative, competitive and high value-added products and services, leveraged by robust system and effective cutting-edge technology.

Optimize all available resources to strengthen our business.

Provide excellent return to our investors.

Create great environment for our people to unleash their potential.

Conduct our business in adherence to Good Corporate Governance and Best Practices. Buana Finance BBLD

• RELIABILITY

Having accumulated almost three decades of experience in the financing industry, we are supported by a team of professionals strongly dedicated in the industry, who have the necessary skills and focus to understand your needs.

• TIMELINESS

From the certainty of credit approval, payment process to supplier, up to the administration process of loan repayment, we impose high standard of timely service delivery to ensure that you only need to spend your invaluable time in achieving your financial goals.

• CONVENIENCE

Dealing with the complexity of every Customer’s need, we know the importance of flexibility and ability to think ”outside the box” in order to provide satisfactory service and solution that are right on target.

• COMFORT

With utmost commitment in upholding ethical professional conduct, we serve whole heartedly with genuine sincerity to nurture an intimate and enduring relationship with customers.

• SECURITY

We respect your rights as a customer by safeguarding the security of your collateral ownership documents and also the privacy of confidential information regarding your private self and business. Buana Finance BBLD

Multipurpose Financing

Financing Facitilites for the procurement of goods and / or services needed by Individuals (Non-Productive) within the specified period.

Financing Methods :
1. Finance Lease
2. Installment Finance Buana Finance BBLD

Investment Financing

Financing Facilities for procurement of capital goods as well as services provided to individuals, business entities or legal entities needed for modernization, expansion of businesses / investment within a period of more than two (2) years.

Financing Methods :
1. Finance Lease
2. Installment Finance  
3. Sale and Leaseback
4. Factoring With Recourse Buana Finance BBLD

Working Capital Financing

Financing Facilities to meet the working capital needs / expenses in one cycle of the individuals, business entities and legal entities within a maximum period of 2 ( two ) years.

Financing Methods :
1. Sale dan Leaseback
2. Factoring With Recourse
3. Factoring Without Recourse Buana Finance BBLD

Product Description

Financing services provides :

-Heavy Equipments (Excavator, Wheel Loader, Tractor, Heavy Truck, dll. )
-Generator and Forklift
-Printing Machineries
-Industrial Machineries
-Consumer Cars and Commercial Vehicles ( trucks)
-Vessel
-Hajj/ Umrah
-Education
-Tour Traveling/ Vacation
-Etc Buana Finance BBLD

Head Office
PT Buana Finance Tbk.
Tokopedia Tower - Ciputra World 2
Lt. 38 Unit A-F
Jl. Prof.Dr. Satrio Kav 11
Jakarta Selatan
Phone : (021) 5080 6969
Fax : (021) 5080 6996

Buana Finance BBLD

Loan Simulation

 

Buana Finance

Asuransi Ramayana ASRM

PT. Ramayana Insurance Tbk. was established on August 6, 1956 with Notarial Deed No. Raden Meester Soewandi No. 14 and ratified by the Establishment of the Minister of Justice of the Republic of Indonesia on 15 September 1956 No. J.A.5 / 67/16 under the name of PT. Ramayana Insurance Airlines. The purpose of the establishment of the insurance company is to meet the protection needs of imported and exported NV goods. Agung who was led by F.S. Harjadi and R.G. Doeriat.

Name of PT. Ramayana Insurance began to be used after the name change was made with Deed of Muhani Salim, SH No. Notary No. 95 and ratified by Decree of the Minister of Justice No. C.2.5040-HT01.04.TH 86 dated July 19, 1986.

In 1990 the Company obtained a Share Issuance Permit from Bapepam No. SI-078 / SHM / MK.01 / 1990 dated January 30, 1990 to carry out a public offering of shares of 2 (two) million shares to the public.

In the same year, the Company obtained approval from Bapepam No. 1638 / PM / 1990 dated 19 September 1990, to partially list their shares on the Jakarta Stock Exchange by 1 (one) million shares with a nominal value of Rp 1,000 per share.
On December 8, 2000, the Company listed all of its shares on the Jakarta Stock Exchange and Surabaya Stock Exchange.

On December 10, 2001, the Company signed an Agreement on the Registration of Equity Securities in the Indonesian Central Securities Depository (KSEI) No. SP-108 / PE / KSEI / 2001 dated 10 December 2001 to convert shares into electronic records (scriptless trading). Therefore, as of February 20, 2002, trading of company shares that occurred on the Stock Exchange will be settled by using the C-BEST (The Central Depository and Book entry Settlement System) service or by way of book-entry in the KSEI system.
On October 5, 2005 at the Extraordinary General Meeting of Shareholders the shareholders agreed to open a Sharia Branch Office in response to the growing demand for sharia-based insurance services.

The company has 28 Branch Offices / Units and 7 Representatives with 600 employees. Asuransi Ramayana ASRM

Vision

Create a sense of security, comfort and protection

Mission

Build a strong and trusted company by:

• Provide quality services to the insured.
• Ensuring optimal results for Shareholders.
• Meet the rules and regulations related to the company's business.
• Build mutually beneficial relationships with business partners.
• Creating work interactions that support each other and a conducive work environment.
• Ensuring employee welfare Asuransi Ramayana ASRM
  

PT Asuransi Ramayana Tbk. as a company engaged in the field of risk management is very aware of the importance of competent human resources in its field of work.

Every year the Company has budgeted the cost of education and training to increase employee competence in their duties at a minimum of 5% of employee costs

Education and training conducted include workshops, in-house training, sending employees to attend courses, and seminars on insurance, management, marketing, finance, accounting, taxation, law, and other fields relevant to the Company's business both in inside and outside the country.

The number of experts in their respective assignments is 4 (four) people with the title of Indonesian Insurance Expert - Loss (AAIK); 4 (four) people holding a Certified Islamic Insurance Specialist (CIIS); 35 (thirty-five) people holding the Indonesian Insurance Expert Association - Losses (AAAIK); 4 (four) candidates for Indonesian Insurance Expert - Losses (AAIK); 48 (forty eight) candidates for the Indonesian Insurance Expert Association - Losses (AAAIK); and 6 (six) accountants registered. Asuransi Ramayana ASRM

Is this insurance product?
In general, this type of insurance provides compensation for the potential financial loss of the Insured due to damage or loss of the insured object as a result of the hazards guaranteed by insurance policies included in property insurance.

Property insurance products include: Property All Risk (PAR), All Risk Industries (IAR), Fire Insurance and Home Stoprisk

What is the object of this insurance coverage?
Objects that can be insured in this insurance are: buildings, residences, offices, factories & industries, stock, machinery, hotels, hospitals and other assets.

Who needs this product?
Any private, government or individual business entity that has an interest in the insured object includes: the owner, the lessee, the lender & the bank.

How is the premium calculated?
Premiums are calculated based on multiplication between the value of the insured object and the premium rate determined by taking into account, among others: the use of the object of coverage, the period of coverage, the construction of the building, and other factors.

What is the process for filing a claim?
In the event of a claim, the Insured can take the following steps:
Contact the Office of PT. The nearest Ramayana Tbk insurance by telephone
Claim reporting no more than 3 x 24 hours since the claim occurred. Furthermore, our claim officer will assist the process of this claim.

Where is the next information?
For further information, please contact PT. Ramayana Insurance Tbk closest in your city. Customer Service Hotline (021) 31937148 Asuransi Ramayana ASRM

Fire insurance

Use
This policy guarantees loss or damage to property and or insured interests due to the risk of fire standards.

Area of ​​Guarantee
Cover for risks that are directly caused by the risks of fire, lightning, explosion, airplane crash and smoke originating from the fire of assets insured in the policy.

Expansion Guarantee
With additional premiums, the insurance coverage in the Fire Insurance policy can also be extended to risks:

• Losses caused by Riots, Strikes, Obstruction of Work, Evil Actions, Riots, Prevention in connection with these risks and Looting that occurs during Riots or Riots.
• Loss or damage to property and or insured interests that are directly caused by the earthquake, volcanic eruption, fire and explosion that followed the earthquake and or volcanic eruption and tsunami.
• Typhoons, Hurricanes, Floods and Water Damage
• Terrorism and Sabotage.

Special Characteristics
Fire insurance can be followed by a business interruption (Loss of Profit) guarantee as section II of the material damage policy. Business Interruption can only be granted if the Material Damage policy for its property is also covered, because the BI policy must follow its property policy. Asuransi Ramayana ASRM

Property All Risks

PAR / IAR is the most popular type of insurance compared to other types of insurance, because it guarantees almost all the risks of loss except the risks listed in the exception.
Property All Risks (PAR) / Industrial All Risk (IAR) Insurance Cover including:

• Guarantees for Riots, Strikes, Evil and Riot Acts
• Collateral for Hurricanes, Storms, Floods and Water Damage
• Guarantees for Earthquakes, Volcanic Eruptions and Tsunamis
• Collateral for Landslides and Soil Movements

Exception

• War, terrorism, nuclear and radioactive
• Delay, loss of market share or business interruption
• Intentional, dishonesty of employees
• Mechanical and boiler damage
• Wear, corrosion, the nature of the goods themselves
• Pollution or contamination

Property that is not guaranteed

• Property that is being worked on or is being built
• Property in transportation, motor vehicles, ships, airplanes
• Jewelry, precious stones, works of art
• Trees, plants, animals, birds, fish
• Land, roads, rails, rigs, bridge pipes

Additional benefits

• All Other Contents (Fill or other equipment)
• Average Relief (85%) - Coverage below the price
• Architects, Surveyors and Consulting Engineers (Architect, Survey and Consultant Fees)
• Capital addition (10% of TSI) - Additional capital
• Civil Authorities
• Claims Preparation (Claims Handling Fee)
• Fire Brigades Charges (Fire Fighting Cost)
• Fire Extinguishing Costs
• Impact by own vehicle (Collision by own vehicle)
• Internal Removal
• Outbuilding (Additional buildings)
• Public Authorities
• Removal of Debris (Debris removal fee)
• Reinstatement value (recovery costs)
• Temporary Removal Asuransi Ramayana ASRM

Vehicle

Is this insurance product?
In general, this type of insurance provides compensation for damage due to accident or loss due to theft of the insured vehicle in accordance with the guarantee in the vehicle insurance policy. Vehicle insurance products include, among others: Motor Vehicle Insurance, Oto Stoprisk and Heavy Equipment Insurance.

What is the object of this insurance coverage?
Broadly speaking, the types of motor vehicles that can be insured, include: Sedans, Jeeps, Wagons, Double Cabin, Minibuses, Pick Ups and Buses, which are used as private vehicles, official and commercial vehicles. As for heavy equipment, among others: Bulldozers, Excavators, Grapple Loaders, Dump Trucks, Forklifts, Road Rollers, Crawler Cranes, Wheal Loaders, and others.


Who needs this product?
Any private, government or individual business entity that has an interest in the insured object includes: the owner, the lessee, the lender & the bank.

How is the premium calculated?
The premium is calculated based on the multiplication between the value of the insured object (including the accessories) and the premium rate determined by taking into account, among others: vehicle age, vehicle use, the period of coverage and other factors.

What is the process for filing a claim?
In the event of a claim, the Insured can take the following steps:
Contact the Office of PT. The nearest Ramayana Tbk insurance by telephone
Claim reporting no more than 3 x 24 hours since the claim occurred. Furthermore, our claim officer will assist the process of this claim.

Where is the next information?
For further information, please contact PT. Ramayana Insurance Tbk closest in your city. Customer Service Hotline (021) 3193714 Asuransi Ramayana ASRM

Motor vehicle

Use
This coverage / policy provides compensation to the Insured for loss of and or damage to the Motorized Vehicle and / or insured interests
Area of ​​Guarantee

Standard Guarantee

• Loss and or damage directly caused by:
• collision, impact, upside down, slip, or fall;
• evil deeds;
• theft, including theft that was preceded or accompanied or followed by violence or threats of violence. fires, including:
  

• fire due to fire of other adjacent objects or storage facilities for Motorized Vehicles;
• fire due to lightning strikes;
• damage due to water and or other tools used to prevent or extinguish fires;
• the destruction of all or part of Motorized Vehicles by order of the authorities in an effort to prevent the spread of fire.

Loss and or damage caused by the above event as long as the Motorized Vehicle is on board the ship for crossing which is under the supervision of the Directorate General of Land Transportation, including loss and or damage caused by the related ship having an accident.


Expansion Guarantee

Expansion of guarantees in Motor Vehicle insurance, originating from:

Policy exceptions, some exceptions to the policy can be requested as extensions with additional premiums, such as:
Riot, Srike, Civil, Malicious Damage (RSMD 4.1A / 2007) or Riot, Srike, Civil, Malicious Damage, Civil Commotion (RSMDCC 4.1B / 2007)
Earthquakes, Volcanic Eruptions, Tsunamis.
Typhoons, Storms, Floods.
Terrorism & Sabotage
Expansion of guarantees beyond policy exceptions, generally with the use of clauses, such as:
Legal Responsibility of Party III (TPL)
Passenger Legal Responsibility
Driver Personal Accident
Passenger Personal Accident

The conditions of motor vehicle insurance coverage include:

Comprehensive (Combined)
Provide comprehensive protection against damage and / or loss to vehicles either in part or in total as a result of accidents that come suddenly and unexpectedly, including the loss of vehicles or parts thereof due to theft or destruction or damage due to fire.
Total Loss Only
Provides protection against loss or total damage to the vehicle as a result of an accident that comes suddenly and unexpectedly, including the complete loss of the vehicle due to theft or destruction or damage due to fire.
What is meant by total damage is if the repair costs reach 75% or more than the price of the vehicle

The Motorized Vehicle category that can be insured is based on the type of vehicle (Sedan, Station Wagon, Minibus, Pick Up, Truck and Bus) and vehicle use categories (private, official, commercial / commercial vehicles) Asuransi Ramayana ASRM

Otoransi

is a motor vehicle loss insurance that guarantees the risk of collisions, collisions, overturning, slipping, fires, being struck by lightning, evil deeds, theft, damage / riots and natural disasters.

There are 2 types of protection options, they are:

All Risk (Combined), i.e. comprehensive protection against damage and / or loss to vehicles either in part or in total as a result of accidents that come suddenly and unexpectedly, including the loss of vehicles or parts of vehicles due to theft, destruction or damage to fire .

Total Loss Only (TLO), i.e. protection against damage and / or loss to vehicles either in part or in total as a result of accidents that come suddenly and unexpectedly, including the loss of vehicles or parts of vehicles due to theft, destruction or fire damage , where the repair costs reach 75% or more than the price of the vehicle. Asuransi Ramayana ASRM

Heavy Equipment Insurance


Use
This coverage / policy provides compensation to the Insured in the event of loss, damage and or loss of equipment (equipment) that is generally large in size, whether it can run with the machine that is on the equipment (equipment) itself or not, and not run on public highways.
Example:

• Bulldozer
• Excavator
• Grapple Loader
• Dump truck
• Forklift
• Road Roller
• Crawler Crane
• Wheal Loader
• And others

Area of ​​Guarantee

Standard Guarantee
Operational errors, negligence or employee misconduct.
Natural disasters, such as: storms, floods, rain (rocks) ice, inundation, landslides.
Fire, lightning and explosion.
Robbery and Judging
Collision, impact, upside down, slip.
Other events that are not excluded in General and Special Exceptions.

General Exceptions

Intentional acts committed by the Insured or the person representing the insured.
As a result of ioniz
ation, radiation or pollution by active radio originating from nuclear fuel or nuclear waste.
As a result of war, invasion, foreign enemy attack, war (declared or not), civil war, rebellion, riots, strikes, riots, earthquakes, volcanoes erupt, seize power over the de facto and de jure legitimate government.

Expansion Guarantee

Expansion of collateral in Marine Hull Insurance, originating from:

• With the exception of the Policy, some of the reservations in the policy can be requested as an extension with additional premiums, such as:
• Riot, Srike, Civil, Malicious Damage (RSMD 4.1A / 2007) or Riot, Srike, Civil, Malicious Damage, Civil Commotion (RSMDCC 4.1B / 2007)
• Earthquakes, Volcanic Eruptions, Tsunamis.
• Expansion of guarantees beyond policy exceptions, generally with the use of clauses, such as: Third Party Liability

Assurance Price Determination
Coverage price must be based on New Replacement Value (NRV) Asuransi Ramayana ASRM


Freight

Is this insurance product?
In general, this type of insurance provides protection for potential financial losses of the insured against the risks of loss and damage to the goods as long as the goods are transported or sent by primary land, sea or air transportation.

Freight insurance products include, among others: Land Freight Insurance, Sea Freight Insurance and Air Freight Insurance.

What is the object of this insurance coverage?
Broadly, the insured items are all kinds of goods or commodities in solid, liquid and gas forms and transported in containers or non-containers.

Who needs this product?
Every private business entity, government or individual who has an interest in the insured object includes: exporters, importers, forwarding companies, courier service companies, shipowners, and other interested parties.

How is the premium calculated?
Premiums are calculated based on the multiplication between the value of the insured object (including freight and imaginary profit) with a premium rate determined by taking into account, inter alia: type, nature and packaging of goods, age of conveyance, transportation routes and other factors.

What is the process for filing a claim?
In the event of a claim, the Insured can take the following steps:
Contact the Office of PT. Insurance Ramayana Tbk closest to a reasonable period of time since the incident occurred.
Furthermore, our claim officer will assist the process of this claim.

Where is the next information?
For further information, please contact PT. Ramayana Insurance Tbk closest in your city. Customer Service Hotline (021) 3193714 Asuransi Ramayana ASRM

Land, Sea and Air Freight Insurance

Use
This insurance / policy provides guarantees for the transportation of goods by route from warehouse / port to warehouse.
Area of Guarantee

Standard Guarantee
Sea Transportation: Institute Cargo Clause (ICC) A, ICC B, ICC C
Transportation (Special) Land: Cover A DAI, Cover B DAI
Freight (Special) Air: Institute Cargo Clause (Air)


Expansion Guarantee
Expansion of collateral in Marine Cargo insurance, originating from:

Policy exceptions, some exceptions in the policy can be requested as an extension with additional premiums, such as: Riot, Strike (Institute Strike Clause), War (Institute War Clause), and others.
Expansion of guarantees beyond policy exceptions, generally with the use of clauses, such as: Institute Replacement Clause, and others Asuransi Ramayana ASRM


Manipulation

Is this insurance product?
This type of insurance aims to provide protection for the risks of project work being carried out by the insured.

Types of Engineering insurance products consist of:
Contractor's All Risks (CAR) Insurance including TPL.
Erection All Risks Insurance.
Machinery Breakdown Insurance.
Boiler Explosion Insurance.
Electronic Equipment Insurance.
Civil Engineering Completed Risks (CECR)
Contractor’s Plant and Machineries Risks (CPM)

What is the object of this insurance coverage?
In general, the objects of coverage in this Engineering insurance are the works of development projects, including:

Contractor's All Risks:
The object of coverage is the construction projects, factories etc.

Erection All Risks:
The object of coverage is the installation of machines or other similar projects.

Machinery Breakdown:
The object of coverage in this MB is Machines, both industrial machines and non-industrial machines (generators, etc.)

Boiler Explosion Insurance:
The object of coverage in this insurance is the Boiler.

Electronic Equipment Insurance.
The object of coverage in this EEI policy is all electronic equipment such as: Computers, telecommunications equipment etc.

Civil Engineering Completed Risks (CECR)
The object of coverage in this CECR insurance is all buildings for which civil construction work has been completed. For example: highways, docks, bridges etc.

Contractor’s Plant Machinery (CPM)
The object of coverage in this insurance is all heavy equipment (heavy equipment) used in construction work that is being done. For example: Bulldozers, Cranes etc.
Who needs this product?
Prospective insured who require engineering insurance products are:
Project owners and contractors for CAR and EAR.
Industry that involves a lot of use of machinery and boilers for MB and Boiler Insurance.
Companies engaged in telecommunications and electronics for EEI Insurance.
Ports, Government and Jasa Marga for CECR
Owner of heavy equipment for CPM.

How is the premium calculated?
The premium is calculated based on the multiplication between the value of the insured object (usually based on the value of the work contract) and the premium rate determined by taking into account, inter alia: type of work, length of time of work etc.

What is the process for filing a claim?
Prospective insured who require engineering insurance products are:
Contact the Office of PT. Insurance Ramayana Tbk closest to a reasonable period of time since the incident occurred.
Furthermore, our claim officer will assist the process of this claim.

Where is the next information?
For more detailed information, please contact the nearest Ramayana Insurance in your city. Customer Service Hotline (021) 31937148 Asuransi Ramayana ASRM

Development Risk Insurance

Use
To protect the project being carried out and provide financial guarantees to the insured, so that their business is not interrupted despite damage to the project.

Policy Contractors' All Risks (CAR) come into force from the start of work or after the unloading of goods at the location and ends with the portion of the work contract that has been handed over or used plus a maintenance period

Insurable interests
Project work in accordance with the work contract between the building owner and the main contract, which consists of:

• The main job
• Preparatory work
• Materials supplied by the owner
• Large tools and machines used to help carry out the work
• The cost of cleaning the rubble
• Third party responsibility.
• And others

Policy Guarantee
This insurance offers a guarantee that is All Risk against losses / damage that can occur in the context of implementing the construction of a building project as long as the policy is not excluded. Damage or losses guaranteed are sudden, unexpected and occur at the construction site (site).


Insurance Risk Installation (EAR)

Use
Cover all risks of damage or loss incurred in the installation or installation of machinery (except for a few risks listed in the exception).

The Erection All Risks (EAR) policy takes effect from the commencement of work or after unloading goods at the site and ends with the portion of the work contract that has been handed over or after the implementation of the first trial or load test (testing and commissioning) plus the maintenance period (maintenance period)

Insurable interests
The object of Insurance Coverage Erection All Risks (EAR) can be in the form of:

• Erection Work - Contract of Work including machine prices, transportation costs, import duties, installation costs and usually includes Tax (VAT).
• The following machines with the equipment
• Transportation costs, customs / import duties
• Installation costs
• Civil engineering works that are part of the overall project
• Ruins removal fee
• Goods / property in the project that belongs to or is under the supervision / responsibility of the Insured
• Third party responsibility

Policy Guarantee
Broadly speaking, the risks in an EAR policy are no different from a CAR policy, except (in general) in the CAR policy there is a maintenance period while in EAR there is a testing period. If CAR based on the object of coverage is engineering or construction work, the EAR prioritizes the installation of machinery and equipment Asuransi Ramayana ASRM

EEI

Guarantee due to physical damage to electronic equipment

What can be insured is:
a. Electronics Data Processing (Computer)
b. Electrical devices and radiation in the field of medicine
c. Communication equipment
d. Various communication equipment

Area of ​​Guarantee
What is guaranteed by this insurance policy is the result of:
1. Fire
2. Being struck by lightning
3. Blasting
4. Plane airplane
5. Gas which causes fire, humid air
6. Water
7. Short link
8. Wrong planning
9. The manufacturing process error
10. Marketing mistakes
11. Operation error
12. Lack of employee skills
13. Demolition
14. Hurricane
15. Crunchy soil

Expansion of Collateral
On the basis of mutual agreement with the obligation of the Insured to pay additional premiums, the Guarantee can be compensated for losses resulting from:
1. Earthquakes
2. Danger of volcanic eruptions
3. Rebellion, riots
4. Transportation risks
5. Damage to air conditioning
6. Theft

Exception
It is stated in the EEI pois, that the consequences that are not guaranteed by the policy are because:
1. Wear, worn out
2. Riots
3. Rebellion
4. Deliberate
5. Damage that is still the responsibility of the supplier
6. Power outage, gas, water. Asuransi Ramayana ASRM


Machinery Breakdowm

Guarantee all damage that will arise when the machine is being operated.
The period of coverage is since the machines have finished ending the testing period and entered the operational period until the end of the coverage period is usually a year.
What can not be insured are spare parts that are regularly replaced (short life) as well as items made of glass, ceramic, wood

Two types of guarantee options are as follows:

1. Machinery Breakdown as a guarantee of choice combined with the main policy (PAR / IAR / FIRE). The price of coverage is limited, a maximum of 25% of the price of Machinery coverage on the main policy.
2. Machinery Breakdown as the main guarantee (MB stand alone policy)

Scope of Guarantee
What is guaranteed by the MB policy is losses due to:

1. Planning error
2. Installation error
3. Repair error
4. Casting error, material
5. Operation error
6. Lack of employee expertise
7. Carelessness
8. Riot
9. Short link
10. Connection error
11. Lack of water in the boiler
12. Blasting
13. Hurricane / hurricane

Risk that is not guaranteed
The loss caused by the incident below is not guaranteed by the MB policy, which is the result of:

1. Fire, lightning strike
2. Burglary / burglary
3. Losses on belts / tires and the like
4. Natural disasters
5. War
6. A rusty current, with holes
7. Damage due to testing
8. imposition of loads that exceed natural capacity
9. Intentional
10. Manufacturing risks are limited to direct effects Asuransi Ramayana ASRM

Hull Insurance

Liability (Legal Responsibility)
Guarantee for the arising of legal liability to other parties, when operating the aircraft.
What is the object of this insurance coverage?
Other insurance coverage objects:

MARINE HULL INSURANCE:
Objects that can be insured are: marine frame, ship engine, and ship equipment.

AIRLINE HULL & SPARES AND LIABILITY
Objects that can be insured are: aircraft frames, aircraft components, spare parts, and legal liability that can arise in connection with the operation of the aircraft.

Who needs this product?
Hull & Aviation Insurance, intended for operators or owners of ships or aircraft, both private and government.

How is the premium calculated?
Premiums are calculated based on the insured Hull & Aviation value times the specified premium rate.


What is the process for filing a claim?
In the event of a claim, the Insured can take the following steps:
Contact the Office of PT. The nearest Ramayana Tbk insurance by telephone
Claim reporting no more than 3 x 24 hours since the claim occurred. Furthermore, our claim officer will assist the process of this claim.

Where is the next information?
For further information, please contact PT. Ramayana Insurance Tbk closest in your city. Customer Service Hotline (021) 3193714  Asuransi Ramayana ASRM

Various

• Apakah produk asuransi ini?
  Kelompok asuransi ini mencakup beberapa jenis asuransi sbb:
  • Workmen's Compensation
  • Liability
  • Personal Accident (Asuransi Kecelakaan Diri)
  • Money Insurance (Asuransi Uang)
  • Fidelity Guarantee
  • Burglary/Theft (Kebongkaran/Kecurian)
  • Plate/Glass/Neon Signs/Billboard
  • Travel Baggage

Kelompok asuransi ini sering juga disebut asuransi “General Accident”

• Apa yang menjadi obyek pertanggungan asuransi ini?
  • Workmen’s Compensation
    Menjamin biaya kompensasi pengobatan bagi karyawan yang mengalami luka atau mengalami kecelakaan pada saat bekerja di lingkungan tempat bekerja. Karyawan berhak menuntut kepada perusahaan tempat bekerja jika mengalami kecelakaan pada saat bekerja. Perusahaan atau Pemilik dapat mengasuransikan karyawannya untuk mendapatkan kompensasi biaya pengobatan dalam hal kecelakaan terjadi terhadap karyawan.
  
  
  • Liability
    Jaminan yang diberikan kepada Tertanggung dalam hal timbulnya tanggung jawab hukum terhadap pihak lain sehubungan dengan kegiatan operasional perusahaan Tertanggung.
  
  
  • Personal Accident (Asuransi Kecelakaan Diri)
    Asuransi Kecelakaan Diri menjamin risiko meninggal dunia akibat kecelakaan, cacat sementara, atau cacat permanen, dan biaya pengobatan.
  
  
  • Money Insurance (Asuransi Uang)
    Asuransi ini menjamin risiko kecurian, hilang, atau dirampok pada saat penyimpanan (Case In Safe/Cash In Cashier Box) atau pada saat dikirim atau diangkut ke tempat lain (Cash In Transit)
  
  
  • Fidelity Guarantee
    Menjamin pemilik perusahaan terhadap risiko hilangnya uang sebagai akibat tindakan yang tidak jujur atau penipuan dari karawannya. - Burglary/Theft (Kebongkaran/Kecurian) Asuransi ini menjamin risiko kebongkaran, dan risiko kecurian di premises (lingkungan) pemilik atau pengelola.
  
  
  • Plate/Glass/Neon Signs/Billboard
    Menjamin risiko rusak, pecah atau hilang plate kaca, neon signs dan billboard
  
  
  • Travel Baggage
    Menjamin risiko hilangnya bagasi, rusak, atau kebongkarnya bagasi dalam perjalanan, sehingga menimbulkan kerugian bagi Tertanggung.


• Siapa saja yang memerlukan produk ini?
  Produk asuransi diperlukan oleh perusahaan-perusahan milik pemerintah dan swasta. Asuransi aneka ini juga diperuntukkan bagi Tertanggung Individu.


• Bagaimana perhitungan preminya?
  Premi dihitung berdasarkan Nilai Pertanggungan di kali rate premi yang sudah ditetapkan.



• Bagaimana proses pengajuan klaim?
  Dalam hal terjadi klaim, Tertanggung dapat melakukan langkah-langkah sebagai berikut :
  • Menghubungi Kantor PT Asuransi Ramayana Tbk terdekat melalui telepon
• Pelaporan klaim tidak lebih 3 x 24 jam sejak kejadian klaim Selanjutnya petugas klaim kami akan membantu proses klaim ini.


• Kemana informasi selanjutnya?
  Informasi lebih lengkap silakan menghubungi Asuransi Ramayana terdekat dikota anda. Hotline Customer Service (021) 31937148 Asuransi Ramayana ASRM
  

Money Insurance

Money insurance is coverage that provides protection against loss and loss of money for any reason, whether as long as the money is stored in a cash in safe, cash in cashier boxes, or when money is to be taken or deposited to bank (cash in transit). Included in this protection are checks and other securities. Asuransi Ramayana ASRM

Personal Accident Insurance

use
This coverage provides a guarantee for the risk of death, permanent disability, care and / or medical costs directly caused by an accident, including:

• Poisoning due to inhalation of toxic gases or vapors, unless the Insured intentionally uses drugs or other substances that have been identified to have adverse effects including the use of illegal drugs,
• Contracting a virus or germ as a result of the Insured accidentally falling into water or some other liquid,
• Suffocation or drowning,
• Entry of a virus or germ into a wound suffered as a result of an accident that is guaranteed by the policy.
• Complications or worsening of the disease caused by an accident that is guaranteed in the policy during the treatment or medication carried out by a doctor.

Area of ​​Guarantee

Standard Guarantee
Death (Guarantee A)
A guarantee will be given in the event that the Insured:

die within a period of 12 (twelve) months from the accident, or
lost and was not found within at least 60 days of the accident
Permanent Disability (Guarantee B)
Guarantee B will be provided in the event that the Insured suffers permanent disability as a direct result of an accident guaranteed in the policy, which consists of:
Total Permanent Disability
Partially Disabled
Treatment or Medical Costs (Guarantee C)

Expansion Guarantee
Expansion of collateral in Personal Accident Insurance, originating from:
With the exception of the Policy, some of the issues in the policy can be requested as an extension with additional premiums, such as: Riot, Srike, Civil, Malicious Damage (RSMD 4.1A / 2007) or Riot, Srike, Civil, Malicious Damage, Civil Commotion (RSMDCC 4.1B / 2007 ). Asuransi Ramayana ASRM

Liability

Providing protection in the event that the Insured suffers financial loss due to his responsibility to replace or pay for the loss of another person / party, both with regard to bodily injuries (including sickness and death) as well as property damage from that person / other party.

Types of Liability Insurance

Comprehensive General Liability
Public Liability
Professional Indemnity
Automobile Liability
Golfer Indemnity
Director & Liability Officer Asuransi Ramayana ASRM

Bond

Why this product?
Bonding is a form of insurance guarantee or agreement involving three parties, namely the first party called Surety, in this case insurance that issues guarantees for the benefit or request of a second party called Principal, which is bound to fulfill an obligation that has been determined or agreed with a third party. called Obligee. In the agreement it was agreed that if the Principal fails / achievements in settling their obligations to the Obligee for what has been determined or agreed, then the Surety will reimburse the costs. Bonding products consist of Surety Bonds and Customs Bonds

How to calculate the premium rate and premium?
The premium rate is set in a percentage where the premium is calculated based on the multiplication of the Collateral Value with a predetermined premium rate.

What is the process for filing claims?
In the event of a claim, the Bondee can take the following steps:
Contacting the Unit / Branch Office of PT. Ramayana Insurance Tbk. which issues a guarantee within a reasonable timeframe since the claim event is known
Furthermore, the claim officer will assist the claim process.

Who needs this product?
Every business entity that has an insurable interest both as the executor of the work and as the recipient of facilities from the obligee, such as:
Contractor / Sub-Contractor, Supplier / Supplier
Manufacturer and Exporter

Where is the next information?
For more detailed information, please contact the nearest Ramayana Insurance in your city. Customer Service Hotline (021) 31937148 Asuransi Ramayana ASRM



Surety Bond

Coverage that provides a guarantee to the project owner (obligee) of the possibility of the risk of loss due to failure of the recipient of the work (principal) in completing their obligations according to the contract.

TYPES OF WARRANTIES THAT CAN BE PUBLISHED

Bid Bond / Bid Guarantee
Guarantees that guarantee that the Principal has fulfilled all the requirements specified by the Bondee to participate in the Tender and if the Principal wins the Tender, the Principal within the specified deadline will be able to sign the contract and will deliver the Performance Bond (if required in the contract) as a guarantee of completion of the work according to the contract, if not, Surety will pay compensation to the obligee.

Performance Bond / Implementation Collateral
A guarantee that guarantees that the Principal will carry out and complete the work provided by the Bondee in accordance with the terms and conditions set forth in the contract, otherwise the Surety will pay compensation to the Bondee.

Advance Payment Bond / Advance Payment Guarantee
A guarantee that guarantees that the Principal will be able to return the advance received from the Bond in accordance with the terms of the contract after first calculating the Work Progress, otherwise the Surety will pay compensation to the Bondee.

Maintenance Bond / Maintenance Guarantee
A guarantee that guarantees that the Principal will make repairs, replacement for damages / material defects and work imperfections in accordance with the provisions in the contract after the work has been handed over, otherwise Surety will pay compensation to the obligee.

The requirements to become a Surety Bond customer are to submit:

Deed of incorporation.
Audited Financial Statements.
Copy of Account Statement for the past two months. (specifically for companies that just started).
Copy of permit that is owned and is still valid such as; SIUP / SIUJK, TDR, NPWP, Company Domicile Certificate
Copy of valid KTP / KITAS / Passport of each Director / Management.
Submit Compensation Agreement (if the application becomes a Surety Bond customer is approved)

Conditions to apply for a Surety Bond:
Fill out and submit the Surety Bond Issuance Request form (SPPSB), along with the documents according to the type of Surety Bond requested as follows:

1. Bid Bond (Offer Warranty)

• Tender Invitation
• Application letter

2. Performance Bond (Guarantee Of Impelemntation)

• Work Performance Collection Proxy
• Application letter
• Contract Draft
• Letter of Winner Appointment
• Work order letter.

3. Advance Payment Bond (Advance Guarantee)

• Application letter
• Work Performance Collection Proxy
• Employment contract.

4. Maintenance Bond (Manintenance Guarantee)

• Application letter
• Minutes of Work Handover I
• Last weekly report
• Work Power of Attorney Collection. Asuransi Ramayana ASRM
  

Custom Bond


The type of guarantee provided by a Surety Company, for the benefit of a Guaranteed party (Principal) that is bound to fulfill an obligation to another party that is the Recipient of the Guarantee / Customs (Obligee) based on the Customs license / facility relating to the obligations arise from the provisions of the Customs or Customs Regulations, in this case are:

• Import Duty (BM),
• Additional Import Duty (BMT),
• Value Added Tax (VAT),
• Value Added Tax of Luxury Goods (Vat BM),
• Income Tax Article 22
• Administrative costs calculated from the date of Notification of Imported Goods (PIB)

Customs and Excise facilities that can be guaranteed with Customs Bond:

KITE (Ease of Importing for Export Purposes)
Imports of raw materials to be processed, assembled or installed on other goods for the purpose of being exported whose import is exempt or refunded from Import Duty or Excise and Value Added Tax and Sales Tax on Luxury Goods are not collected. For example: Yarn, Leather, Garment, etc.

ARTICLE ORDONANCE ARTICLE 23 (OB.23) OR TEMPORARY IMPORT
Imports of goods into customs areas aiming to be re-exported within a certain period. For example: Goods for exhibition purposes, seminar activities, race needs, project needs, etc.

VOORUITSLAG (FIRST EXPENDITURE PERMIT)
Expenditures of goods from the port / KPBC with the suspension of payment of import duties, excise and taxes. For example: Goods that get easy periodic payments / Periodical PIB, Imported Goods for urgent projects, Imported Goods for the purposes of handling emergencies / natural disasters.

BONDED ZONES (KABER) / EPTE
A place or area with certain boundaries which is carried out in the business activities of the processing of goods and materials, activities of engineering design, engineering, sorting, initial inspection, final inspection and packing of imported goods and materials or goods and materials from Indonesian customs areas others whose results are mainly for export purposes.

CUSTOMER SERVICE MANAGEMENT (PPJK)
Entrepreneurs for Customs Services (PPJK) to be able to carry out activities at the Customs Service Office (KPBC) are required to have a PPJK Principal Number issued by the local BC Service Office Head. To get the Principal Number, PPJK submits an application to the Head of the BC Service Office. One of the conditions is to surrender collateral worth: in Tanjung Priok a minimum of Rp. 150 million, in Belawan, Soekarno Hatta, Tanjung Emas, Tanjung Perak minimum Rp. 100 million, in Polonia a minimum of Rp. 50 million, and in other places a minimum of Rp. 5 million.

SPKPBM (LETTER OF NOTIFICATION OF PUBLIC PAYMENT NOTES)
The state levies stated in the Declaration of Notification of Payment of Import Duty, abbreviated as SPKPBM, in the case of customs clearance to the importer / PPJK are wrong in notifying Customs Value, type and / or number of goods in PIB resulting in underpayment of import duty payments.


Importers can submit objections to SPKPBM received on condition that:

• Submit an objection letter
• Filing an objection within 30 days of the issuance of SPKPBM
• Submit a Guarantee for the amount of the invoice in SPKPBM
• Reason for objection
• Supporting evidence.

Further Transportation of Imported Goods or Exported Goods
Imported or exported goods which are transported by means of transportation through a Customs and Excise Service office to another Customs and Excise Service office by being demolished first at a temporary landfill (TPS)

And just eliminating information regarding:
Importers can submit objections to SPKPBM received on condition (this explanation does not need to be entered)



The requirement to become a Customs Bond customer is to submit:

• Deed of incorporation.
• Audited Financial Statements.
• Copy of Account Statement for the past two months. (specifically for companies that just started).
• Copy of permit that is owned and is still valid such as; SIUP / SIUJK, NPWP, Company Domicile Certificate
• Copy of valid KTP / KITAS / Passport of each Director / Management.
• Production cycle of imported goods
• SKEP Customs Facilities
• Submit Compensation Agreement (if the application becomes a Surety Bond customer is approved) Asuransi Ramayana ASRM

Syariah

Why this product?
Ramayana Sharia Insurance is built on the basis of cooperation with the principle of help. Premium funds collected from customers are invested based on sharia with a profit sharing system and if the funds will be developed it will be run by sharia rules. There is a Sharia Supervisory Board tasked with overseeing product management and investment policies so that they are always in line with Islamic law.

How is the premium calculated?
The premium collected is the participant's contribution as a policy holder mandated to the Company to manage all insurance management and operations in accordance with sharia principles. Where it is agreed at the beginning on the basis of the Wakalah Akad bil Ujrah for their duties and responsibilities the Company is entitled to get the agreed upon ujrah (management fee). Any premiums entrusted by Participants will be entered into the Tabarru Fund Account, which will be used to cover losses from the disasters that befall Participants.
If there is an excess (surplus) on the Tabarru Fund 'after being issued for insurance expenses or there is an investment return on the management of the fund will be divided in half between the Participant as the owner of the fund and the Company as the manager on the principle of profit sharing.

What is the process for filing claims?
If there is a participant who experiences a disaster for the payment of a customer's claim the funds are taken from the Tabarru Fund Account (social funds) of all participants who have been let go for help.

Where is the next information?
For more detailed information, please contact the nearest Ramayana Insurance in your city. Customer Service Hotline (021) 31937148 Asuransi Ramayana ASRM

Health Insurance

This insurance covers health insurance for employees / employees of a company including the wife / husband and children of employees / employees of the policy holder. Coverage is valid for 1 (one) year and can be renewed.

This product provides a comprehensive health care guarantee covering basic guarantees in the form of hospitalization and additional guarantees namely outpatient, dental care, childbirth, and medical check-ups.

Download List of Askes Ramayana Providers Asuransi Ramayana ASRM


Head Office
Jl. Kebon Sirih No. 49
Jakarta 10340 - PO Box 4685
Phone: (021) 319 37148 (Hunting)
Fax: (021) 319 34825
Email: info@ramayanains.com
Asuransi Ramayana ASRM

 

Asuransi Ramayana Company Profile