APPLICATION OF THE EQUIVALENCE PRINCIPLE TO THE CALCULATION OF EDUCATION INSURANCE PREMIUMS FOR VILLAGE-OWNED ENTERPRISES (BUMDes)

Widana, I Nyoman; Suciptawati, Ni Luh Putu; Sulma, Sulma

doi:10.30598/barekengvol18iss4pp2555-2562

Open access Jurnal SINTA 3

APPLICATION OF THE EQUIVALENCE PRINCIPLE TO THE CALCULATION OF EDUCATION INSURANCE PREMIUMS FOR VILLAGE-OWNED ENTERPRISES (BUMDes)

BAREKENG: Jurnal Ilmu Matematika dan Terapan · Vol. 18 No. 4 (2024) · pp. 2555–2562

DOI: 10.30598/barekengvol18iss4pp2555-2562
ISSN: 2615-3017, 1978-7227
Published: 2024-10-11
Publisher: PATTIMURA UNIVERSITY
Language: eng
License: creativecommons.org/licenses/by-sa/4.0

Abstract

Program Education plays a vital role in improving human resources. But on the other hand, education costs are not cheap. For this reason, people need to prepare education funds from an early age. One way is to take part in an education insurance program. This is a business opportunity that a village-owned enterprise (BUMDes) can run by offering education insurance services to the public. This research aims to develop and use programming software to calculate education insurance premiums offered by BUMDes. The method used is The Equivalence Principle method. Based on the case study, the premium price calculated using software that has been developed is very competitive – below market price, depending on the interest rate and fees charged.

Collaboration network of the authors

17 authors · 39 co-authorship links

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Co-author	Organisation	Joint articles
Syamsuddin Toaha	Affiliation unknown	3
Muhammad Rifki Nisardi	Affiliation unknown	2
Hukmah Hukmah	Affiliation unknown	2
Ita Fitria	Affiliation unknown	2
I Putu Winada Gautama	Affiliation unknown	1
Ketut Jayanegara	Affiliation unknown	1
I Komang Gde Sukarsa	Affiliation unknown	1
Alexander Joseph Riadi	Affiliation unknown	1
Eka N Kencana	Affiliation unknown	1
Kasbawati Kasbawati	Affiliation unknown	1
Suriani M	Affiliation unknown	1
Suriani Suriani	Affiliation unknown	1
Harianto Harianto	Affiliation unknown	1
Dian Firmayasari	Affiliation unknown	1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://ojs3.unpatti.ac.id/index.php/barekeng/oai, first harvested 5 Nov 2026, last seen 5 Nov 2026.

Original metadata (oai_dc)

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	<dc:title xml:lang="en-US">APPLICATION OF THE EQUIVALENCE PRINCIPLE TO THE CALCULATION OF EDUCATION INSURANCE PREMIUMS FOR VILLAGE-OWNED ENTERPRISES (BUMDes)</dc:title>
	<dc:creator>Widana, I Nyoman</dc:creator>
	<dc:creator>Suciptawati, Ni Luh Putu</dc:creator>
	<dc:creator>Sulma, Sulma</dc:creator>
	<dc:description xml:lang="en-US">Program Education plays a vital role in improving human resources. But on the other hand, education costs are not cheap. For this reason, people need to prepare education funds from an early age. One way is to take part in an education insurance program. This is a business opportunity that a village-owned enterprise (BUMDes) can run by offering education insurance services to the public. This research aims to develop and use programming software to calculate education insurance premiums offered by BUMDes. The method used is The Equivalence Principle method. Based on the case study, the premium price calculated using software that has been developed is very competitive – below market price, depending on the interest rate and fees charged.</dc:description>
	<dc:publisher xml:lang="en-US">PATTIMURA UNIVERSITY</dc:publisher>
	<dc:date>2024-10-11</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/13087</dc:identifier>
	<dc:identifier>10.30598/barekengvol18iss4pp2555-2562</dc:identifier>
	<dc:source xml:lang="en-US">BAREKENG: Jurnal Ilmu Matematika dan Terapan; Vol 18 No 4 (2024): BAREKENG: Journal of Mathematics and Its Application; 2555-2562</dc:source>
	<dc:source>2615-3017</dc:source>
	<dc:source>1978-7227</dc:source>
	<dc:source>10.30598/barekengvol18iss4year2024</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/13087/8901</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2024 I Nyoman Widana, Ni Luh Putu Suciptawati, Sulma Sulma</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
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