Future bringht for life insurance: Executives<\/p>\n
JAKARTA (JP): Executives say the Indonesian life insurance
\nindustry has a bright future, given growing public awareness of
\nthe importance of risk insurance.<\/p>\n
\"Insurers should grab the momentum amid the growing awareness
\nof the public of insurance by introducing new qualified life
\ninsurance products and by upgrading the old ones,\" James T.
\nRiady, the vice chairman of the widely-diversified business
\nconglomerate, Lippo Group, told reporters yesterday.<\/p>\n
He said the public needs, not only more education about the
\ninsurance business, but also the provision of reliable insurance
\nproducts which will be able to cover various risks. James was
\nspeaking after briefing reporters on the launching of PT Lippo
\nLife's Warisan (heritage) life insurance package.<\/p>\n
James was optimistic that the number of Indonesian insurance
\npolicy holders would increase steadily in the years ahead.<\/p>\n
\"I think the ratio of life insurance policy holders against
\nthe country's population will increase to 20 percent within the
\nnext five years, from around eight percent at present,\" he added.<\/p>\n
The president of PT Sun Alliance Insurance Indonesia, Eddy
\nDarante, told reporters during a gathering to break the fast on
\nWednesday evening that the ratio might even reach 30 percent,
\nconsidering that Indonesia is now home to around 30 million waged
\nworkers.<\/p>\n
He said that Indonesia's ratio of policy holders to population
\nis still the lowest in the Association of Southeast Asian
\nNations. In Malaysia, Singapore and Thailand the ratio exceeds 20
\npercent. (fhp)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/future-bringht-for-life-insurance-executives-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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