The life insurance industry has paid claims totalling IDR642.9bn ($45.9m) due to COVID-19 as of October 2020, according to data from the Indonesian Life Insurance Association (AAJI).
“The claim figure relates to 8,800 policyholders,” AAJI executive director Togar Pasaribu told the news website Kontan.
Separately, state-owned company Reasuransi Indonesia Utama (Indonesia Re) says that the mass COVID-19 vaccination drive that the government is undertaking is considered to be the key to national economic recovery this year.
“With the vaccine, there will be confidence in business actors that everyone is protected from COVID-19,” said Indonesia Re’s president director Mr Kocu Andre Hutagalung in a statement.
COVID-19 vaccinations are scheduled to be carried out in stages with the first two stages taking place from January to April 2021. Two more stages will take place from April 2021 to March 2022.
Mr Togar says that the public will still seek health insurance even though the government provides vaccines for free. The reason is that they need additional protection because the coronavirus is unlikely to totally disappear even though there are vaccines.