Jakarta, May 9, 2006 - Allianz offers Healthcare plans that are accessible to many Indonesians. With the increase in medical costs, Healthcare plans provided by insurance companies have become a necessity.
Providing more Indonesians with better Access to Healthcare
As in many countries, Indonesians give top priority to accessing quality healthcare for themselves and their families. Allianz Life Indonesia’s Employee Benefits Division provides healthcare plans for all major segments of society. Not only do they provide healthcare protection to companies for their employees and families, but also to individuals and their dependents.
“There is a great number of people in Indonesia who run their own business or work in companies, which do not provide them with comprehensive healthcare benefits”, said Jens Reisch, President Director of Allianz Life Indonesia. Jens added “There is a huge demand for quality healthcare plans in Indonesia, but making them accessible to most Indonesians is one of our greatest challenges.”
After its start in 1999, the Company today services more than 1000 companies with over 230,000 members. “In only 5 to 6 years, we have developed to become one of the leading providers for healthcare and employee benefits in Indonesia.” added Jens.
For healthcare plans in Indonesia, Allianz Life Indonesia provides its customers with “cashless” facilities, when using its nationwide provider network of clinics and hospitals. However, for overseas treatment or for some special healthcare plans, medical expenses incurred are usually reimbursed to the insured.
Ahmir ud Deen, Managing Director of the Employee Benefits Division, who also started Allianz’ health care business in Indonesia in 1999 said, “For companies, the medical benefits for their employees and families are of the highest priority.” Ahmir continued “We often design tailor-made products for them as well as for their families.”
Investing in building a Healthcare Infrastructure in Indonesia.
Allianz Life Indonesia has invested heavily in the development of a supporting infrastructure to provide Healthcare in Indonesia. “Today we are proud to say that we offer one of the largest nationwide hospital and clinic network of any insurance company in Indonesia, with more than 330 providers.” stated Ahmir.
“We also operate our in-house 24-hr medical hotline with easy phone and on-line access for our customers.” Ahmir further added.
“Professional and speedy claims handling and processing are vital for every customer,” commented Ahmir. “Allianz Life Indonesia has invested more than
USD 1 million in a specially designed state-of-the-art computer system for its claims handling and administration.,” added Ahmir.
The Company today also provides one of the largest teams of Employee Benefits consultants in Jakarta as well as in other big cities of Indonesia, to advise companies on how to set up and implement tailor-made health care solutions for their staff.
Managing Medical Inflation
“One important reason for an organisation to outsource its healthcare plans to an insurer is to manage the high medical inflation and to be able to budget its healthcare costs for a year”, said Ahmir.
At present, medical costs are increasing at almost double the rate of the national inflation, ranging usually between 15% to 20%.
For example, the cost of undergoing a Caesarean upon delivery has risen almost 3 times in just five years, i.e. in 2000, the cost was IDR 6,200,000 whereas in 2005 it drastically increased to over IDR 18,000,000.
Allianz Life Indonesia’s Employee Benefits Division paid out approximately IDR 100 billion claims and benefits last year. The majority of claims paid related to the treatment of typhoid and dengue fever, the most common diseases in Indonesia, and also costs for medication.
Health Care Business to grow by 40% in 2006
PT Asuransi Allianz Life Indonesia is optimistic about the development of the healthcare market in Indonesia. “We plan to grow our Healthcare Business by 40% in 2006” said Jens.
“In addition, we want to continue building new partnerships which allow us to further increase access and affordability to healthcare for the people of Indonesia.” continued Jens.
The Allianz Group is a leading global provider of insurance and financial services with operations in more than 70 countries and employing over 173,000 staff. The Group serves more than 60 million customers worldwide, including close to half of all Fortune 500 companies. In 2005, the Allianz Group posted a revenue of 104 billion €
PT Asuransi Allianz Life Indonesia was established in 1996, and offers life and health insurance solutions, unit link products and the pension plans (DPLK) for individuals as well as corporate customers. Today, PT Asuransi Allianz Life Indonesia operates a wide network of more than 70 sales offices throughout Indonesia in more than 43 cities, supported by 6000 financial consultants and various business partners dedicated to serving more than 350,000 policyholders.
PT Asuransi Allianz Life has already grown substantially over the past twelve months, posting Gross Premium Income of over IDR 830 billion. It is today among the leading companies for Life and Employee Benefits business in Indonesia.
For further details, please contact:
Tel.: 021-2926 8888
Fax.: 021-2926 8080