Akibat Hukum Penunggakan Premi Asuransi Beasiswa Berencana Di AJB Bumi Putera Pekanbaru Menurut Undang-undang Nomor 40 Tahun 2014

The insured takes an insurance product at AJB Bumiputera Pekanbaru, which is a planned scholarship insurance for 15 years by getting a sum insured of Rp. 10,000,000.00. Planned scholarship insurance is a product of AJB Bumiputera which provides study continuity funds to the children of policyholders. The problem that often occurs in insurance activities is that the insured is late in making premium payments. The insured is late in paying premiums due to financial ability. The insurance company as the party that bears the risk has provisions in determining the maturity date of premium payments. After the insurance contract ends, the insured gets the sum insured that is not fully paid because the insured receives a fine or interest which was not notified before the agreement and was not explained in the policy. As for the formulation of the problem from the research results, namely what are the legal consequences received by the insured on premium arrears that he did at AJB Bumiputera Pekanbaru and what are the rights and obligations of the insured when there is premium arrears. The type of research used is empirical by means of a survey, in which the author goes directly to the field to obtain the necessary data. The data sources used are primary data and sukender data. According to its nature, this research is descriptive to provide a detailed, clear, and systematic description of the problem under study. The data collection technique is done by using literature study, questionnaire and interview. The research objectives are to determine the legal consequences received by the insured for premium arrears and to find out the rights and obligations received at AJB Bumiputera Pekanbaru. The rights received by the insured from AJB Bumiputera after premium arrears are still being served properly in the process of filing a claim to get the sum insured after the insurance contract has ended and the insurer gives the sum insured to the insured even though it is not fully paid because it is subject to fines or interest. As for the insured's obligations, namely to pay premiums while the policy is still active, and if the insured is in arrears in premiums, the insured's obligation is to fulfill the requirements in filing claims and submit the policy to AJB Bumiputera as a sign that the insured's insurance policy is over. The legal consequence received by the insured after premium arrears is that if the insurance premium payment is more than the free period, the policy will be considered lapse and result in loss of the insured's claim rights from the insurer