THE government has done the right thing in rescuing Jiwasraya. Taking over the resolution of claims from 2.63 million customers shows the state is taking responsibility for the state-owned insurance company’s failures to pay out.

Through the state-owned enterprises (SOEs) ministry, the government has established a new life insurance company, Indonesian Financial Group (IFG) Life. This company will be under Bahana Pembinaan Usaha Indonesia,