Insurance Companies and Multi Level Marketing (MLM) Practices in Indonesia

Nishrina Divaya Gustika(1*), Shafanda Hawari Putri(2), Shagiva Adryna Putri(3),


(1) University Padjajaran
(2) University Padjajaran
(3) University Padjajaran
(*) Corresponding Author

Abstract

Insurance is one of the needs that is currently in great demand by the public. Insurance is a form of risk transfer by paying or transferring risk to the insurer, namely the insurance company. People are now starting to realize the importance of insurance. Likewise, there are more and more insurance companies in Indonesia. The number of insurance companies makes the competition even tighter so that several sales methods with Multi Level Marketing (MLM) appear. The purpose of writing this article is to find out how insurance and MLM practice in Indonesia. The method of writing this article is a literature study method, which uses previous journals to obtain data and materials and then performs a descriptive analysis.

Keywords

Insurance; Multi Level Marketing; Insurance Company;

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References

Agustiranda, et al. (2019). The Effect of Premium Income, Claim Payments and Risk Based Capital on Profit Growth in the Company. Scientific Journal of Business and Applied Management. 14(1). 1-12.

Students. (2018). Legal Principles in Insurance Practices as a Solution to Avoid Losses on Events Occurring in Insurance Institutions. Umm Qura Journal. 11(1). 152-160.

Sumiati. (2017). Insurance Practices With Multi Level Marketing System Based on Law Number 40 of 2014 concerning Insurance. Journal of the Honor of Law. 1(2). 206-215

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