Several Types of Sharia Gneral Insurance Products

Insurance has several types of Sharia Gneral Insurance products as follows:

1) Sharia Property Assets Insurance

Insurance that provides compensation to the Insured for damage or loss of insured property caused by fire, lightning strikes, explosions, falling aircraft, and smoke from the fire of the insured property. Property insurance includes fire insurance and extended collateral (earthquakes, storms, floods, typhoons, etc.) and also guarantees for losses as a result of business interruption caused by fires.

Types of property insurance:

• Indonesian Fire Insurance Standard Policy (PSAKI)

• Indonesian Earthquake Standard Policy (PSGBI)

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

2) Sharia Engineering Insurance

Engineering Insurance is a form of insurance that provides coverage for the risk of loss or damage to the insured object (usually related to construction; material; equipment or machinery) during the construction or installation of machinery against any risk of unexpected loss or damage; sudden and an accident.

Expansion of coverage can be given to the risks of loss or damage to property and physical accidents from a third party with a maximum value agreed upon in advance. Engineering Insurance is divided into 2 (two) large groups, namely: Insurance

Project Engineering and Non-Project Engineering Insurance.

Type of insurance (policy) for Project Engineering, namely:

• Construction Insurance (Contractor All Risk Insurance / CAR): provides coverage for the risk of loss and / or physical damage to the implementation of development.

• Installation Insurance (Erection All Risks Insurance / EAR): provides coverage for the risk of loss and / or damage to the machines during installation or

installation. Types of insurance for Non-Project Engineering, namely:

• Electronic Equipment Insurance (EEI) Insurance

• Machine Damage Insurance (MB)

• Heavy Equipment Insurance (Contractor's Plant and Machinery / CPM)

3) Sharia Goods Transportation Insurance

Insurance that guarantees damage or loss of goods transported from one place to another either by land transportation (truck, train, trailer), sea (ship) or air (aircraft) to the risks that occur during the transportation of goods. The type of risk covered is divided into three (3) groups called Institute Cargo Clauses (ICC), namely (from the most complete): ICC "A"; ICC "B" and ICC "C".

4) Sharia Ship Frame Insurance

Giving guarantees for damage or loss to ships, machinery and equipment from marine hazards (perils of the sea) and navigational perils. The guarantee is the full terms / full conditions (Cl 280) and the limited terms / limited conditions (Cl 284 and Cl 289).

5) Aneka Syariah Insurance

Liability Insurance: guarantees legal liability to third parties in the form of bodily injury and / or property damage in relation to work or business activities carried out by the Insured.

Types of Insurance Liability:

• Public Liability Insurance

• Commercial General Liability or CGL (which includes Public Liability, Employer's Liability, Automobile Liability, Workmen's Compensation)

6) Sharia Money Insurance

Providing collateral for loss of money, gold and / or equivalent to money (Checks, Bank Notes, Wesel) owned by the Insured as long as it is stored in a safe, vault or other depository; during delivery from one place to another; when stored at the cashier or counters where transactions are carried out; and guarantee the loss of the insured's money due to dishonesty of employees who are trusted in managing money.

Types of Money Insurance:

• Cash in Transit (CIT)

• Cash in Safe (CIS)

• Cash in Cashier Box

• Fidelity Guarantee

7) Sharia Personal Accident Insurance

Provide guarantees for the risk of death, permanent disability, and the cost of treatment or treatment caused by an accident.

8) Sharia Traffic Insurance

To bear losses due to theft that the thief entered the room occupied by the Insured, by means of violence / demolition and also damage to the Insured's goods as a result of the act.

9) Personal Accident Insurance plus Sharia

Provide a guarantee of the risk of death caused by accidents and illness and the risk of termination of employment