LG Insurance Indonesia sells policies on the net
LG Insurance Indonesia sells policies on the net
JAKARTA (JP): Insurance company LG Insurance Indonesia
announced on Friday a new service to allow its customers to
purchase insurance policies and pay the premium over the
Internet.
Company director Kwang Taek Kim said the on-line sales of LG
Insurance policies would be done in cooperation with listed
financial company PT Sinar Mas Multiartha, which currently run
Internet portal www.danamas.com.
"We believe our cyber insurance business will do very well. We
expect to sell between 25,000 and 30,000 new policies through the
Internet this year," he said.
Kim said Sinar Mas' Internet portal would also facilitate the
sales of LG car insurance policies.
He said purchasing insurance polices over the Internet was
easier and faster than through conventional-purchasing systems
since customers could personally determine the favored insurance
scheme, find out the amount of premium immediately and receive
the policies in two days.
Sinar Mas Multiartha president Edward Hadijaya said the
company's portal would be expanded to provide other on-line
financial services, such as car loans, payment service,
obligation and mutual funds.
He said the portal currently provided on-line sales service
for insurance and stock market companies.
New portal
Meanwhile, local Internet company PT Orientasi Global
Nusantara revealed on Friday its plan to launch in July a new
search engine portal in association with the New York-based
Internet company orientation.com.
Company president Helmy Kamal Lubis said the new portal, to be
called Orientation Indonesia, would be part of orientation.com's
global Internet network covering 30 countries around the world.
He said the new portal would provide various content on
Indonesia, including travel information, business and compiled
news from local and international publications as well as basic
services like e-mail, classifieds and chat rooms.
"We will also offer service and applications on e-commerce and
portal development for local corporations," he said.
Orientation Indonesia will generate revenues mostly from the
e-commerce service, Helmy said, projecting the company's
operations will turn a profit by the end of next year.
Marketing director of orientation.com Phil Ingram said his
company expanded its business to Indonesia because it saw a huge
business potential here.
He said unlike many new Internet startup firms, his company
would not burn cash too long for its expansion in Indonesia since
it has established the required infrastructure.
"With not a very big investment, we expect to be able to earn
a decent profit by the end of this year," he said, declining to
reveal the figures. (cst)