Insurance Benefits

Provides protection to the Insured against the risk of bad credit by the Debtor due to any reason and has met the collectibility requirements of 4 (121 - 180 days) or Doubtful category in accordance with Bank Indonesia regulations, will be paid 80% of the remaining loan with 20% become self-retention for the Insured. Intracredit covers guaranteed risks for types of consumer and non-consumer loans.

Coverage Period

the credit period as referred to in the Credit Agreement between the Insured and each Debtor, if the Insured gives approval for an extension of the credit repayment period, the Insured must notify the Insurer of this matter and the Insurer immediately issues a new list of coverage whose coverage period is adjusted to the term credit extension time if the Debtor pays off the credit before the end of the coverage period, then the remaining premium is returned by reducing administrative costs by the Insurer.

Premium Payment

The premium must be paid all at once by the insured to the insurer with the method of payment using banking services. The premium payment grace period is set for 14 (fourteen) calendar days from the premium billing date, the premium is not paid within 30 (thirty) calendar days from the premium billing date, then the policy is cancelled. If the application for policy recovery is approved, then the Insured must pay all premium arrears and comply with the provisions of the policy recovery by the Insurer.