4 Advantages of Sharia Health Insurance in Indonesia
Sharia health insurance in Indonesia offers sharia-compliant funds, double claims alongside BPJS, the same coverage and a Sharia Supervisory Board.
If you are not comfortable with conventional health insurance, you can become a policyholder of sharia health insurance instead. Some people prefer to avoid conventional products, whether that means a conventional bank or conventional insurance. Sharia-based alternatives (financial products run according to Islamic law) now exist for both banks and insurers. As the name suggests, a sharia basis means the money collected is managed in line with Islamic principles. Indonesia has the world's largest Muslim population, yet sharia financial products are still limited and not very popular, even though they have real advantages. Here are some benefits of sharia health insurance that people should consider:
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Compliant with Islamic Law
Sharia-based financial products follow Islamic law, and sharia health insurance shows it with a clear flow of funds: the money paid in is divided according to set provisions.
Double Claims Are Possible
One advantage of sharia-based health insurance worth noting is that you can make double claims. Not every conventional health insurer allows this. A double claim is possible when a policyholder is enrolled in government health insurance such as BPJS (Indonesia's national health insurance scheme) and also holds private health insurance. Some private sharia insurers pay according to the hospital bill without checking how much BPJS has left uncovered. Policyholders benefit because both BPJS and the private insurer reimburse hospital costs.
Same Function as Conventional Insurance
Another plus is that sharia health insurance does the same job as the conventional kind. It reimburses hospital treatment costs for illnesses covered by the policy and for accidents. Several insurers with sharia-based health products also offer cashless facilities.
Overseen by a Supervisory Board
What sets sharia health insurance apart from the conventional kind is the Sharia Supervisory Board. This board oversees the insurer so that its system does not stray from sharia principles. Conventional insurers have no such board, so nobody supervises the money coming in.
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Those are some advantages of sharia health insurance that many people do not yet know about. We hope this information is useful.
