One week ago the public were surprised by a letter on the postponement of payment of cash due for the JS Proteksi Plan, a product of State-Owned Enterprise PT Asuransi Jiwasraya (Persero). The letter triggered various reactions, but Jiwasraya immediately refuted the claim that the Company had defaulted. Jiwasraya claimed that it only asked for a delay in fulfilling its obligations due to liquidity pressure. The Financial Services Authority (OJK) also said that such a situation was common with insurance companies. But too late, people are now questioning Jiwasraya.
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