Financial pressure faced by Indonesians is seen to be increasing.\nFindings from the Manulife Asia Care Survey 2026 show that although 65%\nof respondents define financial freedom as not being a burden to others,\n68% still provide financial support to family members. On average,\nrespondents allocate 38% of their monthly income to family needs.<\/p>\n
As a result, 69% of respondents stated that these responsibilities\naffect their ability to achieve long-term financial independence. This\nchallenge is particularly felt by the working-age group, especially\nthose aged 25\u201334, who must balance current family needs with their\nfuture financial goals.<\/p>\n
Amid these financial needs, PT Asuransi Jiwa Manulife Indonesia\n(Manulife Indonesia) together with PT Bank Danamon Indonesia Tbk\n(Danamon) introduced Proteksi Prima Fleksi Ekstra (PPFE). This financial\nproduct is considered a solution for life protection and medium-term\nfinancial planning that provides certainty of benefits as well as\nflexibility to access benefits earlier in accordance with policy\nterms.<\/p>\n
Customers are considered able to prepare their financial goals more\nflexibly with benefit options that can be accessed earlier if needs\nchange along the way, in accordance with policy terms.<\/p>\n
\u201cMany people are at a stage of life where they bear significant\nresponsibilities, both for their families and their parents. They need\nto balance current family needs with long-term financial planning.\nThrough PPFE, we aim to help customers build better financial readiness\nthrough guaranteed benefits in accordance with policy terms and\nconditions, as well as flexibility that can adapt to ever-changing\nneeds,\u201d said Kah Jing Lee, Chief Bancassurance Officer of PT Asuransi\nJiwa Manulife Indonesia.<\/p>\n
As a response to these evolving needs, Manulife Indonesia and Danamon\npresent PPFE, a solution designed to help customers obtain protection\nwhile planning medium-term financial goals. It carries the \u201cEkstra SIAP\u201d\nconcept offering a Comprehensive Solution, with Inclusive Protection,\napplication without medical examination, Earlier Access to Policy\nBenefits, and Currency Options in IDR or USD.<\/p>\n
This product is available for prospective insured persons aged 18 to\n80 years, with flexible premium payment period options, namely five\nyears for a 15-year protection period or six years for an 18-year\nprotection period, and a minimum annual premium of Rp24 million or 2,400\nUS dollars.<\/p>\n
This flexibility is further strengthened by the Early Policy\nTermination Benefit available in certain policy years, so that if the\ncustomer\u2019s financial needs change, the customer has the option to access\npolicy benefits earlier in accordance with policy terms and conditions.\nThis benefit can help support various financial goals, such as financing\nchildren\u2019s education, preparing for important family moments, or meeting\nother medium-term financial needs without having to wait until the\nprotection period ends. In addition, PPFE also provides accidental death\nbenefit, which provides more optimal financial protection if the insured\ndies due to an accident, in accordance with policy terms and\nconditions.<\/p>\n
Ivan Jaya, Consumer Funding & Wealth Business Head of PT Bank\nDanamon Indonesia Tbk, emphasised that financial readiness needs to be\nsupported by early planning as well as relevant, integrated, and easily\naccessible financial solutions for customers.<\/p>\n
\u201cGood financial planning not only aims to achieve future targets, but\nalso provides peace of mind in facing various changes that may occur\nthroughout life\u2019s journey. Through PPFE, Manulife Indonesia together\nwith Danamon present a solution that combines protection and\nflexibility, so that customers can prepare their various financial goals\nin a more planned manner without losing the ability to adapt to other\nevolving financial needs,\u201d said Ivan Jaya, Consumer Funding & Wealth\nBusiness Head, Danamon.<\/p>\n
Since its introduction, PPFE has received a positive response from\nDanamon customers. In the first few weeks after its launch, the product\nrecorded sales of hundreds of policies, reflecting high customer\ninterest in solutions that combine life protection and financial\nplanning.<\/p>\n
Through this collaboration, Manulife Indonesia and Danamon continue\nto expand public access to protection and financial planning solutions\nthat are relevant to customers\u2019 evolving needs.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/financial-pressure-on-working-age-indonesians-rises-new-insurance-product-offered-as-solution-1786722756", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }