Bumiputera: Comfortable guarantee for secure future
Bumiputera: Comfortable guarantee for secure future
Bumiputera 1912 Mutual Life Insurance Company was established
in 1912 and has, today, over Rp 4.2 billion in assets and close
to 5.7 million policyholders. With the support of 3,000 employees
and 18,000 agents, and guided by a prime service philosophy and
mission, Bumiputera is competent and confident in securing a
solid position in the life insurance sector.
Bumiputera's President Director Drs. H. Suparwanto, MBA, said
that by taking part in building the nation, promoting social
welfare and consistently providing prime quality products and
maximal service for policyholders, Bumiputera is committed to
accomplishing its mission in a professional, responsible and
upstanding manner. He expects good growth in the life insurance
industry over the next few years.
The strength behind the company
The hard work of every individual at all levels in the
organization has provided Bumiputera with success in its business
expansion. A growing number of policyholders, and accumulating
amounts of premium income, are the evidence of this success. More
than 600 operational offices are located nationwide, with a view
of providing good customer service to policyholders, including
prompt claim settlements.
The goals that have never changed from its inception up until
now are the company's idealism and professionalism in serving the
public, honoring the trust that has been bestowed upon it.
The company's strong and solid organization, and the
improvement of its human resources, will take Bumiputera to a
significant position in the life insurance business.
One of Bumiputera's strengths lies in its unique mutual
ownership and management system; the company's business course is
determined by a council representing policyholders concurrently
with owners, while the day-to-day operation is entrusted to a
board of directors, whose members are people with long and vast
experience in the life insurance business. Suparwanto said that
with this unique mutual ownership and management system,
Bumiputera was a go-public company from its beginnings almost
nine decades ago.
Another source of invaluable strength is the dedication and
loyalty of the company's employees and agents. "By way of
training programs as a means of human resources development, our
qualified people are even more adaptable to technological
advancements and sophisticated business practices. They have an
outward looking vision, they are self-motivated to improving
their skills and they are loyal in striving for income growth,
particularly in the field of life insurance." Bumiputera has numerous products, which are all designed with
one purpose in mind: to protect policyholders and be attractive
to prospective customers.
* Standard Insurance: Happiness Fund, Educational Fund, Ideal
Term Insurance, Self-Funding Insurance, Multi-Purpose Insurance,
Welfare Insurance, Family Security, Family Fund, Fund Excellent,
Endowment Excellent, Modified Endowment Excellent, Whole Life
Excellent, Term Insurance Excellent and Gradual Excellent.
* Executive Insurance: Endowment Excellent Cash Plan, Whole Life
Excellent, Endowment Excellent, Term Insurance Excellent.
* Group Life Insurance: Idaman, Term Life, Credit Life Insurance,
Personal Accident, Hospitalization & Surgery and Employee Benefit
Program.
The competitiveness of the products lies in their competitive
premiums, flexible sum insured and reversionary bonus payments,
as well as quick and easy settlement of claims.
Bumiputera is constantly developing product innovation to
respond to public demand, to react to environmental changes and
to act as an adviser to clients both in planning financial
investment possibilities and in choosing product insurance
alternatives.
"We will always redefine our plan, reposition our strategy and
develop partnerships in production, responsibility and profit in
pursuit of the company's goals," said Suparwanto, adding that in
such challenging times as now, to be forward looking by having
the ability to adapt business strategies and to improve the
company's image in response to market conditions is very
important.
In order to make its products reliable yet affordable,
Bumiputera never ceases to innovate and create new products which
can satisfy all type of financial needs in an increasingly
complex and sophisticated lifestyle.
"Our company is ready to become a player in a competitive
market. Our professional and adaptive system, with the purpose to
attract new customers, will be developed accordingly," said
Suparwanto.
He said Bumiputera will continue to focus on achieving cost
and capital structuring efficiently and effectively, taking a
prudent approach to risk management and other efforts to
establish a solid platform in pursuit of rapid growth into the
future. In the effort to face this sector and time of challenges,
Bumiputera has taken several steps to maintain and improve the
quality of its products and services consistently, expanding its
marketing network nationwide in a dynamic and highly competitive
situation. All these initiatives have increased the confidence
for improvement to the company's performance.
Bumiputera's agents are more than just life insurance sellers.
They also give financial advice to clients and introduce other
investment possibilities that the Bumiputera group can offer,
like banking services, including mutual funds, general insurance,
securities, underwriting and brokerage.
Suparwanto said the company paid out Rp 2.01 billion in claims
in 1998. And with a spirit of mutual ownership, Bumiputera will
set up a Koperasi Masyarakat (Komas) Bumiputera in every
operational office, as a company participation in terms of real
economy activity.
If you have a dream to secure the future for your family,
Bumiputera will help make your dream come true.
For further information, please contact Bumiputera, Head
Office, Wisma Bumiputera 18th-21st floor, Jl. Jend. Sudirman Kav.
75, Jakarta, telephone: 2542154, 2512157; fax: 2512172.
Policyholder Information Services can reached at telephone:
5224564, 5224565, 5224566, 5224584, 5224585, 2520515, operational
offices and agents throughout the country.