Toyota Tsusho Starts Selling COVID-19 Insurance for Japanese Residents in Indonesia

  • Food & Consumer Services

2021-03-10

Toyota Tsusho Corporation ("Toyota Tsusho") announced today that PT. Toyota Tsusho Insurance Broker Indonesia ("TIBI") of the Toyota Tsusho Group, in collaboration with PT Tokio Marine Life Insurance Indonesia of the Tokio Marine Group, started providing COVID-19 insurance and post-infection support services for Japanese residents in Indonesia on March 1.

If someone becomes infected with COVID-19, medical insurance and travel insurance can cover the cost of treatment, but generally PCR test costs for family members living with patients and disinfection costs at home are not covered by those insurances. And also, overseas, they face to many problems such as arranging meals during quarantine and communicating with local doctors in foreign language.

With this newly launched COVID-19 insurance, IDR 10 million (about JPY 75,000) will be paid as a lump-sum benefit if a customer develops a COVID-19 infection after a waiting period of 14 days after the contract is confirmed. In addition, if the customer is hospitalized or placed in isolation at a government-designated facility, the customer will be paid an additional IDR 15 million (about JPY 112,000).

TIBI will also provide a service to deliver Japanese food to the front door of the customer's home or isolation facility during quarantine, and TIBI staff will provide a remote interpretation service at the time of medical examinations.

The main purpose of this insurance and services is to reduce the burden on the approximately 20,000 Japanese residents in Indonesia in the event of infection with COVID-19 in the ongoing pandemic.

Going forward, the Toyota Tsusho Group will continue to use its knowledge of insurance proposals to provide convenient insurance services that meet the needs of every single customer.

Insurance overview

Insurance name
COVID-19 insurance and post-infection support services
Coverage/services
- When becoming infected with COVID-19
Lump-sum benefit of IDR 10 million (about JPY 75,000)
- When hospitalized or placed in isolation at a government-designated facility
Lump-sum benefit of IDR 15 million (about JPY 112,000)
-Japanese food delivery support and medical interpreter support
when become infected
Insurance premium
(including service charge)
IDR 2 million (about JPY 15,000) per year
Launch date
March 1, 2021

Company overview

Company name
PT. Toyota Tsusho Insurance Broker Indonesia
Location
MidPlaza 2 Building 21st Floor Jakarta 10220 Indonesia
Representative
Yoshiyuki Ishimaru
Established
December 1, 2008
Capital
IDR 4,000 million; 80% owned by Toyota Tsusho Insurance
Management Corporation

The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.