TO FIND OUT THE CONSTRAINTS FOUND BY RESPONDENTS IN GETTING PMFBY AND SEEK THEIR SUGGESTIONS TO OVERCOME THE CONSTRAINTS IN DEOGARH DISTRICT OF ODISHA

Research study entitled "A Study on attitude of farmers towards Pradhan Mantri Fasal Bima Yojana in Deogarh District of Odisha" was under taken to elucidate the constraints faced by the farmers regarding Pradhan Mantri Fasal Bima Yojana and seek their suggestions. The constraints faced by the beneficiaries in PMFBY were Lack of knowledge regarding to PMFBY, lack of awareness of benefits of PMFBY, less compensatation offered in crop insurance scheme, delay in payment of compensatation. Rate of premium is not universal for all crops, on-line registration and assessment of risk complexity in PMFBY, unavailability of experts for assessment of loss at visit time, lack of coordination between banks and farmers and high rate of premium. Suggestion made by the beneficiaries to overcome the constraints in PMFBY were procedure of the scheme should be simplified, organization of awareness programmes for farmers regarding PMFBY, organization of training programmes on e-filling of insurance and benefit of the farmers, payment of premium by the government for farmers below the poverty regarding PMFBY, premium rate may be decreased, avoid delay in payment of compensatation, increase the number of extension agents, improve linkage between banks and farmers, unit area may be of individual or a village level improve socio-economic conditions of the farmers and increase the insurance agents in rural areas.

Sharia Investment Literation by Sharia Insurance Agents on Unit-Linked Products

The growth of the Islamic insurance industry in this country can be seen from the increase in existing assets and players. However, the low level of literacy related to sharia insurance as well as how to invest in unit-linked sharia insurance products makes some people hesitant about sharia insurance. Certified sharia insurance agents are at the forefront of providing investment literacy in sharia insurance products to customers since they have been given full trust to manage their assets so that customers get protection and benefits. How the sharia insurance agent at PT. Asuransi Jiwa Generali Indonesia understands Islamic investment will be discussed in depth using a descriptive qualitative method and triangulation techniques in managing the interview results. This study reveals that certain agents also lack product awareness and investment literacy. So that it can be a reference for insurance agent trainers in optimizing training for agents, both directly and through applications, to provide more understanding and make it easier for Generali insurance agents to provide information on unit-linked products to their customers, especially in terms of sharia investment.

Estimation of Hail Damage Using Crop Models and Remote Sensing

Insurance agents often provide crop hail damage estimates based on their personal experience and field samples, which are not always representative of the investigated field’s spatial variability. For these reasons, farmers and the insurance market ask for a reliable, objective, and less labor-intensive method to determine crop hail losses. Integrating remote sensing and crop modeling provides a unique opportunity for the crop insurance market for a reliable, objective, and less labor-intensive method to estimate hail damage. To this end, a study was conducted on eight distinct maize fields for a total of 90 hectares. Five fields were damaged by the hailstorm that occurred on 13 July 2019 and three were not damaged. Soil and plant samples were collected to characterize the experimental areas. The Surface Energy Balance Algorithm for Land (SEBAL) was deployed to determine the total aboveground biomass and obtainable yield at harvest, using Landsat 7 and 8 satellite images. Modeled hail damages (HDDSSAT1, coupling SEBAL estimates of obtainable yield and DSSAT-based potential yield; HDDSSAT2, coupling yield map at harvest and the Decision Support System for Agrotechnology Transfer (DSSAT)-based potential yield) were calculated and compared to the estimates of the insurance company (HDinsurance). SEBAL-based biomass and yield estimates agreed with in-season measurements (−4% and +0.5%, respectively). While some under and overestimations were observed, HDinsurance and HDDSSAT1 averaged similar values (−4.9% and +3.4%) compared to the reference approach (HDDSSAT2).

Development Strategy of Waqf through The Instrument of The Testament of Sharia Insurance Policy

Previous research tends to discuss the management of waqf assets obtained from testament waqf, but this study focuses on the management of the instrument of testament waqf that is attached to life insurance by PT.AXA Financial Indonesia. This study aims to determine the waqf management strategy through the instrument of the testament of the sharia insurance policy. The type of this research is field research, the source of the data is the AXA agency, and customers by conducting in-depth interviews. The results show that: 1) Waqf management is used to build assets such as mosques, prayer rooms, Islamic boarding schools, and madrasas, 2) The opportunity is that waqf management can be integrated online, and also collaborate with various waqf distribution agencies in Indonesia. The obstacles that occur are the lack of public understanding of the testament of the sharia insurance policy, and 3) The development strategy is integrated socialization to the public through various means and media. It is concluded that the waqf instrument is an alternative to carrying out worship after death, even though the public is not too familiar with the use of this instrument, it is an obligation for all insurance agents at PT. AXA to socialize this Instrument so that it can be an attraction for insurance.

PERLINDUNGAN HUKUM PEMEGANG POLIS ASURANSI JIWA TERHADAP MIS-SELLING OLEH AGEN ASURANSI DI PT. BNI LIFE INSURANCE

Financial services are an important and inseparable aspect of our life, one of them is life insurance provided by insurance company. In running their business, a company certainly have employees who work for them to reach company’s targets. Insurance company must follow the standards set in the relevant regulations. Even though an insurance company has followed the applicable regulations in day-to-day operations, mistakes made by employees are still unavoidable; one of the mistake is mis-selling by insurance agents to life insurance policyholders. Mis-selling can be defined as an event where an insurance agent fails to explain clearly and comprehensively to a prospective life insurance policyholder about an insurance product from an insurance company, so that the life insurance policyholder incurs a loss. The purpose of this study is to explain the definition of mis-selling, to explain the legal protection of life insurance policyholders against mis-selling by insurance agents, and to explain the responsibility of PT. BNI Life Insurance as an insurance company in overcoming disputes caused by mis-selling done by insurance agents. The author uses the empirical juridical research method, where at first the data studied is secondary data for initial data, then continued by examining primary data, namely real practice and direct data from the field. This study showed the result that there are regulations that protect life insurance policyholders and PT. BNI Life Insurance in the process of resolving problems or disputes, mis-selling by insurance agents, and that the Company acts firmly, simply, and responsibly by following the problem resolution procedure written in the relevant regulations. Jasa keuangan merupakan salah satu aspek penting yang tak terpisahkan dalam kehidupan bermasyarakat, salah satu jenisnya adalah asuransi jiwa yang disediakan oleh perusahaan asuransi. Dalam menjalankan usahanya perusahaan asuransi tentu memiliki tenaga pemasar yang yang mewakili perusahaan asuransi untuk memasarkan produk asuransi. Dalam menjalankan usaha, perusahaan asuransi harus mengikuti standar yang telah ditetapkan pada peraturan-peraturan yang berkaitan. Meskipun suatu perusahaan asuransi telah mengikuti peraturan-peraturan yang berlaku dalam menjalankan usaha, namun kesalahan yang dilakukan oleh tenaga pemasar masih belum dapat terhindarkan. Salah satu kesalahan dari tenaga pemasar tersebut adalah mis-selling yang dilakukan oleh agen asuransi terhadap pemegang polis asuransi jiwa. mis-selling dapat diartikan kejadian dimana agen asuransi gagal untuk menjelaskan secara jelas dan menyeluruh atau komprehensif kepada calon pemegang polis asuransi jiwa tentang suatu produk asuransi dari perusahaan asuransi, sehingga pemegang polis asuransi jiwa mengalami kerugian. Tujuan dari penelitian ini adalah menjelaskan definisi dari mis-selling, menjelaskan perlindungan hukum pemegang polis asuransi jiwa terhadap mis-selling oleh agen asuransi, dan untuk menjelaskan pertanggungjawaban dari PT. BNI Life Insurance selaku perusahaan asuransi dalam mengatasi permasalahan mis-selling oleh agen asuransi. Penulis menggunakan metode penelitian yuridis empiris, dimana data yang diteliti lebih dahulu adalah data sekunder untuk data awal, kemudian dilanjutkan dengan meneliti data primer, yaitu praktik nyata dan data langsung dari lapangan. Penelitian ini memiliki hasil bahwa sudah ada peraturan-peraturan yang melindungi pemegang polis asuransi jiwa dan PT. BNI Life Insurance dalam proses penyelesaian masalah atau sengketa mis-selling oleh agen asuransi bertindak tegas, sederhana, dan bertanggung jawab dengan mengikuti prosedur penyelesaian masalah yang tertulis di peraturan-peraturan yang berkaitan.

MICRO INSURANCE: A TOOL FOR DEVELOPMENT OF RURAL INDIA AND THE CHALLENGES FOR ITS IMPLEMENTATION

Micro-insurance is originated for the protection of poor and low income people,with feasible insurance schemes to help them to survive and recover from common risks. The main aim of micro insurance is not only to promote business perspective but also to the rural development of our country and the protection of poor people. India is developing country hence 70% of the population is still rural, very poor, poor health and low literacy rate. Micro insurance is an essential part of the financial sector and it assists the people to diversify their risks.It is essential to develop insurance awareness among the people in the each and every corner of our country particularly remote area.The present study focussed the importance of micro insurance for the development of rural people.This paper also discuss about the micro insurance products and the role of various public and private micro insurance agents for the upliftment of rural and poor people.

The Effect of Training and Team Cooperation on the Productivity of Panin Insurance Agents with Motivation as Intervening Variables

This study aims to analyze the effect of training and teamwork on Panin Insurance agents' productivity with motivation as an intervening variable. This research is categorized as a quantitative study because it processes data from the questionnaire's numbers. The population in this study amounted to 120 people who were Panin Dai-chi insurance agents. The analytical method used in this research is the Partial Least Square (PLS) analysis method. The results showed that (1) Training had an impact on increasing the motivation of Panin Dai-chi insurance agents significantly, (2) Teamwork had an impact on increasing the motivation of Panin Dai-chi insurance agents significantly, (3) Training had an impact on increasing the productivity of Panin Dai-chi insurance agents through increasing work motivation, (4) Teamwork has an impact on increasing the productivity of Panin Dai-chi insurance agents through increased work motivation, and (5) Motivation has an impact on increasing the productivity of Panin Dai-chi insurance agents.

Analisis Komunikasi Persuasif Tenaga Pemasar Asuransi untuk Promosi Produk (Studi Kasus Asuransi Inspiring Agency)

This study discusses insurance marketers in the Inspiring Agency who sell insurance products through persuasive communication. This study discusses the communication used by insurance agents in presenting and selling their products to prospective buyers in order to successfully sell their products. The theory used in this research is persuasive communication theory. This study uses a case study method in a qualitative way that can find ways of communication carried out by agents in order to achieve successful sales and get a picture of persuasive communication made. Research data were obtained through interviews with one key informant and four other informants who had worked at the Inspiring Agency. This study discusses how to convey persuasive messages that are delivered, educative, persuasive, and coercive. Delivering persuasive messages can influence prospective buyers to be able to make decisions in the products offered.Penelitian ini berfokus pada tenaga pemasar asuransi di Inspiring Agency yang melakukan penjualan produk jasa asuransi melalui komunikasi persuasif. Penelitian ini meneliti komunikasi yang digunakan oleh seorang agen asuransi dalam mempresentasikan dan menjual produknya kepada calon nasabah. Teori yang digunakan dalam penelitian ini adalah teori komunikasi persuasif. Penelitian ini menggunakan metode studi kasus dengan pendekatan kualitatif untuk dapat mengetahui cara komunikasi yang dilakukan agent agar mencapai penjualan yang berhasil dan mendapatkan gambaran secara nyata mengenai pelaksanaan komunikasi persuasif yang dilakukan. Data penelitian diperoleh melalui wawancara dengan satu key informan dan empat informan lainnya yang telah bekerja di Inspiring Agency. Penelitian ini menunjukkan cara menyampaikan pesan-pesan persuasif diantaranya informatif, edukatif, persuasif, dan koersif. Dengan menyampaikan pesan persuasif mampu memengaruhi calon nasabah untuk dapat mengambil keputusan dalam produk jasa yang ditawarkan.