Productive Credit Insurance - PT Asuransi Asei Indonesia

Credit Insurance

Surety

An insurance which offers protection to a bank/Non-Bank Financial Institution against its debtor’s default in payment/ failure to repay its credit facility or cash loan provided by such bank/Non-Bank Financial Institution.

Aplofend Working Capital Credit Insurance

A protection offered by Asuransi Asei during the insurance period against any risk of losses suffered by a bank, caused by the failure of a debtor to repay its credit withdrawal and such debtor has been declared to be under the category of collectability 5 (loss/uncollectible), in accordance with the regulation of Bank Indonesia as the loan collectability regulator.

Transactional Working Capital Credit Insurance

A protection provided by Asuransi Asei against any risk of losses suffered by a bank, caused by the failure of a debtor to repay any or all parts of its matured Transactional Working Capital within the period as specified in the credit acceptance letter. Such insolvency is due to thedebtor’s failure in performing the contract or non-payment by the contract principal.

Revolving Working Capital Credit/Current Account Insurance

A protection provided by Asuransi Asei during the insurance period against any risk of losses suffered by a bank, caused by the failure of a debtor to repay its credit withdrawal and such debtor has been declared to be under the category of collectability 5 (loss/uncollectible), in accordance with the regulation of Bank Indonesia as the loan collectability regulator.

Investment Credit Insurance/Project Financing

During the coverage period, protection is provided for the risk of loss suffered by the bank as a result of the debtor’s inability to pay off the credit disbursement, which is not revolving in nature or can be disbursed in whole or in stages so that it decreases following the balance of the debit, and the debtor has been declared in collectability 5 (loss) in accordance with the provisions of Bank Indonesia as credit collectibility regulator.

Micro/Multipurpose Credit Insurance Executing Pattern

It is a form of bank credit provided to debtors with liabilities that do not reach the end-user (individual/group).

Micro/Multi-Use Credit Insurance Channeling Pattern

During the coverage period, protection is provided for the risk of loss suffered by the bank as a result of the debtor’s failure to pay off the credit disbursement, which is not revolved in nature or can be disbursed in whole or in stages so that it decreases following the balance of the debit, and the debtor has been declared in collectability 5 (loss) in accordance with the provisions of Bank Indonesia as credit collectibility regulator.