Winterthur Life Indonesia signs MOU with Bank BNI
Winterthur Life Indonesia signs MOU with Bank BNI
The Winterthur insurance group was founded 125 years ago and
is now the largest insurance company in Switzerland and among the
top five in Europe. With its AA Standard and Poors rating,
Winterthur has achieved a reputation for financial soundness and
reliability combined with the very latest advances in technology
and product innovations.
In Indonesia, Winterthur signed a Memorandum of Understanding
(MOU) in 1990, marking the commencement of a Joint-Venture
partnership with Asuransi Wahana Tata, which is part of the
Gemala group of companies. The shareholders of the new company
were: Winterthur Switzerland, 60 percent, Asuransi Wahana Tata,
25 percent, and Ekamulia Catrapratama, 15 percent. Pt Asuransi
Winterthur Life Indonesia (WLI) commenced operations in 1992.
Among WLI's corporate clients are large multinational
conglomerates with operations in Indonesia and many large and
small local enterprises. Such corporate clients seek insurance
coverage for employee benefits, such as Life Assurance, Personal
Accident, Pensions and Group Health Insurance.
Recently, Winterthur was honoured to be selected by the
recently privatized Bank Negara Indonesia (BNI) as insurer for
the Group Health employee benefits of its workforce and their
dependents. BNI's insurance program commenced in March 1997, and
over 40,000 people are covered under the plan with Winterthur.
Every BNI employee receives a membership card for the health
scheme and, with it, access to a 24-hour free telephone medical
assistance service. The range of medical benefits covered under
the scheme includes hospitalization, surgical, maternity and
glasses.
Winterthur, with several qualified doctors in its claims-
handling team and a new tailor-made state-of-the-art computer
system, is well placed to deal sympathetically and efficiently
with the health queries of the staff and their dependents covered
under BNI's scheme and to settle claims quickly.
The signing of the agreement between BNI and WLI marked the
culmination of over two years of negotiations, development and
preparation. The hard work put into the project by both sides
bodes well for the relationship's future success.