KONTAN.CO.ID - JAKARTA. Indonesia may inject around 15 trillion rupiah ($1.09 billion) of capital to the financially embattled life insurer Asuransi Jiwasraya to help the state firm pay off maturing policies, a lawmaker said on Tuesday. The capital injection was among four options the government has proposed to parliament to help Jiwasraya meet its outstanding obligations to millions of policyholders, said Aria Bima, who chairs parliament's special committee overseeing issues related to the insurer's financial troubles. "We want Jiwasraya to begin to return customers' money in instalments by the end of March," Bima told reporters, without explaining the other options the government had presented.
Indonesian govt may inject $1 bln into troubled state insurer Jiwasraya
KONTAN.CO.ID - JAKARTA. Indonesia may inject around 15 trillion rupiah ($1.09 billion) of capital to the financially embattled life insurer Asuransi Jiwasraya to help the state firm pay off maturing policies, a lawmaker said on Tuesday. The capital injection was among four options the government has proposed to parliament to help Jiwasraya meet its outstanding obligations to millions of policyholders, said Aria Bima, who chairs parliament's special committee overseeing issues related to the insurer's financial troubles. "We want Jiwasraya to begin to return customers' money in instalments by the end of March," Bima told reporters, without explaining the other options the government had presented.