About Jasa Raharja
Jasa Raharja Strives to Be a Trusted Company in Providing Basic Protection Against Accident Risks Through the Best Possible Service.
PT Jasa Raharja is a state-owned enterprise (BUMN) in the social insurance sector that provides basic protection to the public through two (2) insurance programs:
- Passenger Accident Insurance for Public Transportation, based on Law No. 33 of 1964 on the Mandatory Passenger Accident Insurance Fund.
- Third-Party Liability Insurance pursuant to Law No. 34 of 1964 concerning the Road Traffic Accident Fund.
Vision & Mission
Vision
To be a trusted company that provides basic protection against accident risks with the best service.
Mission
To provide digitally integrated basic protection, supported by outstanding human capital, to strengthen stakeholder engagement.
History
PT Jasa Raharja—hereinafter referred to as Jasa Raharja or the Company—was established on January 1, 1960, following the enactment of Law No. 19 PRP of 1960 on State-Owned Enterprises, whose entire capital consists of the assets of the Republic of Indonesia. The history of Jasa Raharja’s establishment is inextricably linked to the government’s policy of nationalizing Dutch-owned companies, as stipulated in Law No. 86 of 1958 on the Nationalization of Dutch Companies.
1960
Business Scope
As set forth in Articles 3(1) and 3(2) of the Articles of Association of PT Jasa Raharja, the Company’s business scope is Social Insurance, the purpose and objectives as well as the business scope of the Company are to participate in implementing and supporting government policies and programs in the fields of the economy, social security, and national development in general, particularly in the field of property and casualty insurance by administering social insurance programs, and to optimize the utilization of the Company’s resources to produce high-quality and highly competitive services in order to enhance the Company’s value by applying the principles of a limited liability company.
Main Business Activities
- To provide passenger accident insurance for public transportation in accordance with Law No. 33 of 1964 and its implementing regulations, and third-party liability insurance in accordance with Law No. 34 of 1964 and its implementing regulations;
- Entering into and concluding motor vehicle insurance agreements and third-party liability insurance agreements in the event of transportation accidents;
- Accepting indirect coverage to be retained by the Company; and
- Conducting investment activities in accordance with applicable laws and regulations
In addition to the primary business areas mentioned above, the Company may engage in other business activities in order to optimize the utilization of its resources, in accordance with applicable laws and regulations.
However, with the issuance of Government Regulation of the Republic of Indonesia No. 73 of 1992 on the Operation of Insurance Businesses, specifically Article 33, which states: “An insurance company that operates a social insurance program is prohibited from operating any other insurance program besides the social insurance program,” and Article 34, which states: “Insurance companies that operate Social Insurance programs must, in conducting their business, comply with the provisions of this Government Regulation and its implementing regulations,” the Company now operates exclusively in the field of Social Insurance.
Corporate Culture
Subsidiary
Awards
