Danamon-Manulife Working on Unit Linked

Danamon-Manulife Working on Unit Linked - PT Bank Danamon Indonesia Tbk took Manulife Indonesia to work on the life insurance market and to enlarge pentrasi wealth management market is still low.
Arief Setyahadi, RSH Supply Chain Danamon said Jabar offers a variety of insurance products combined to provide the benefits of this investment and fund management services to customers more broadly.

"We offer life insurance as well as take advantage of investment opportunities for better financial planning tailored to the needs of customers," he said in Bandung on Wednesday (1/8).
He describes the products offered offering a variety of life insurance protection and a variety of investment options through 14 in unit-linked funds to serve the investment needs in accordance with the financial condition.

All products, he said, are marketed through 526 retail branches across Danamon Indonesia and complement Manulife variants of existing products in Danamon, the Dynamic Protection Prima, Primajaga and Primajaga100, life protection standalone program that helps customers prepare for the future.

Manulife also offers life insurance savings products combined with two Danamon, which is more Danamon and the Pinter.

"We have also prepared an expert financial planning and bank staff to help clients identify their needs so as to determine the right product solution," he said.

Meanwhile, EVP Head of Partnership Businnes Manulife Hans de Waal said Indonesia for insurance awareness is still fairly low the predicted number of insurance customers are currently only 2% -3% of the total population.

"People who have life insurance is still low at only 2% -3% only. Whereas in developed countries the number of owners of life insurance more than 80% of the total population," he said.
Seeing these conditions, it seeks to educate the public about the function and life insurance benefits. In addition, the need for innovative insurance products that appeal to the public. "Life insurance is planning ahead. We also have an affordable product with a premium of only Rp10.000/bulan," he explained.

In the meantime, Product Management Head of Bank Danamon Sonny Wahyubrata declared cooperation with Manulife will be mutually beneficial for both parties are expected to increase banking penetration of insurance products.
"Banking Market penetration is still low at only 15% of total customers. We expect growth could reach 100%," he said. (M02/Bsi)