As part of our commitment to provide a sense of security and comprehensive protection for consumers, every financing facility we provide is equipped with insurance protection in collaboration with trusted insurance companies.
Through cooperation with various authorized insurance partners, we ensure that the financed vehicle or asset receives optimal protection during the financing period.
Types of Insurance Coverage and Premiums
The types of insurance coverage that you need to know are:
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Combined (Comprehensive)
Type of protection in insurance that protects loss, damage to vehicles caused by collision, impact, overturning, theft, fire and others as stated in the Insurance Policy. -
Total Loss Only(TLO)
Type of protection in insurance that protects the loss of motorized vehicles and damage or loss whose repair costs are estimated at ≥ 75% of the actual vehicle price.
Both types of coverage above can be added with expansion types such as:
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Third party liability (TPL)
A type of protection against losses suffered by third parties caused by the insured vehicle, including legal fees or legal assistance. -
Personal Accident (PA)
A type of physical injury or death cover and/or medical expenses for the driver and/or passengers in the vehicle caused by matters listed in the policy. -
Flood & windstorm
This type of coverage covers vehicle damage caused by storms, hail, floods and landslides. -
Strike, Riot, Civil commotion, Terrorism, sabotage (SRCCTS)
A type of protection for vehicle damage caused by strike, riot, civil commotion, terrorism and sabotage. -
Terrorism & Sabotage
This type of cover will protect the vehicle from loss against the risk of terrorism, sabotage, and or reasonable prevention against risks originating from external factors that may cause loss or damage. -
Earthquake
This type of cover will protect the vehicle against loss caused by earthquake, tsunami and or volcanic eruption.