After Wanaartha Life’s business license is revoked, can the customer’s money go back?

JAKARTAKOMPAS. com – Revocation of the business license PT Asuransi Jiwa Adisarana Wanaartha (Wanaartha Vita) leaving the question, can the customer’s money be returned?

The Financial Services Authority (OJK) has requested the company to hold a general meeting of shareholders (GMS) with an agenda for the dissolution of the legal entity and the formation of a liquidation team.

In addition, Ogi Prastomiyono, chief executive officer of Non-bank Financial Sector Supervision (IKNB), said the OJK would also conduct an investigation into the assets of Wanaartha Life’s controlling shareholder and their personal assets.

“Including civil suits that benefit consumers,” he said on Monday (5/12/2022).

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Ogi added, this was done as a best effort to protect the interests of policyholders while complying with applicable legal process and regulations.

Meanwhile, Friderica Widyasari Dewi, a member of OJK’s Board of Commissioners for Education and Consumer Protection, said OJK would further seek to protect consumers who are victims of the insurance company’s problematic case.

Read also: Wanaartha Life business license revoked, fate of policyholders pending settlement team formation

One of them is that the OJK will hold the controlling shareholders accountable, safeguard the assets and trace the personal assets of the controlling shareholders of Wanaartha Life.

Meanwhile, from a customer service perspective, OJK will ask Wanaartha Life to follow up on all complaint reports on a regular basis.

“We’ve asked for 1,600 complaints to be answered,” Friderica said.

Furthermore, OJK has also held several meetings with the company management to request information on the evolution of the company situation.

Read also: Suffering of victims of non-payment of Wanaartha Life, retirement money and proceeds from selling sold out jewelery to become an insurance policy

Customers who fail to pay are also proposed to sue for bankruptcy

In response to this, insurance observer Irvan Rahardjo proposed that Wanaartha Life’s default customer also file a bankruptcy lawsuit against the company. It is believed that this will be faster and more effective in recovering the customer’s rights.

“The important thing is that customers must present a (bankruptcy) invoice within 60 days. Settlement is done for up to two years, but it is likely to take longer because their assets have been confiscated by the state,” he said. told Kompas.com, Thursday (8/12/2022).

According to him, OJK’s efforts to sue Wanaartha Life in a civil manner should be in vain. For this reason, customers are asked to be able to file a bankruptcy lawsuit.

Read also: After revoking Wanaartha’s life leave, OJK still oversees 13 struggling insurance companies

Irvan said, learning from the Bumi Asih Jaya insurance case that suffered a decline in asset value, that the option of bankruptcy is important to consider.

The reason is, over time, heritage Wanaartha life It may also continue to decline in value. If this happens, it will be more difficult to make payments to customers.

“(The) liquidation process has never had a success story from Bakrie Life, Bumi Asih Jaya (BAJ), Himalaya, there has never been success story liquidation, but in the event of bankruptcy success story“Luckily, Garuda can be resurrected,” Irvan continued.

Read also: Having employees for Rp. 15.84 trillion, Wanaartha Life’s assets are less than Rp. 270 billion