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Premiums rose by 47% in 2014 to a complete of 271 trillion IDR at the finish of the 12 months (this steep rise will be attributed to the introduction of BPJS), which included life insurance premiums of a hundred thirty trillion IDR and general insurance premiums of 55 trillion IDR; reinsurers contributed around 6 trillion IDR in premiums.
The auto policy offers bodily injury liability, property harm legal responsibility, complete, collision, medical funds and uninsured motorist protection (coverage choices for uninsured motorist is determined by state of residence.) SR-22 insurance is accessible for drivers who should file a financial accountability filing with their state of residence displaying proof of insurance coverage coverage.
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59 On this case, the Preamble to the Principal Agreement states that the events thereto “are desirous of implementing a scheme to safe compensation to third social gathering victims of highway accidents” in instances the place “the victim is deprived of compensation by the absence of insurance, or of effective insurance” and “when the driving force liable for the accident could not be traced”.