Indonesian Political, Business & Finance News

BRI Insurance strengthens financial inclusion for ultra-micro businesses in Makassar

| Source: ANTARA_ID Translated from Indonesian | Finance
BRI Insurance strengthens financial inclusion for ultra-micro businesses in Makassar
Image: ANTARA_ID

Jakarta (ANTARA) - BRI Insurance strengthens financial literacy and insurance inclusion for ultra-micro and micro-entrepreneurs in Makassar, South Sulawesi, through financial protection education to improve the community’s economic resilience against various business risks.

BRI Insurance Chief Executive Officer Budi Legowo said the company continues to actively undertake various initiatives to improve literacy and inclusion of insurance finance by engaging with communities, including micro-entrepreneurs in Makassar.

‘BRI Insurance strives to provide support through innovative approaches such as education on the importance of protection so that people can carry out positive activities that are safe from various risks,’ he said in a statement in Jakarta on Wednesday (2/5).

The literacy and inclusion activities were carried out in collaboration with PT Permodalan Nasional Madani (PNM) as part of efforts to increase knowledge about insurance among the wider community.

Deputy Branch Leader of PNM Makassar, Sugiarto, appreciated the synergy with BRI Insurance which has provided financial literacy and insurance inclusion for the community, particularly for PNM customers in the region.

‘Hopefully, with this provision of financial literacy and insurance inclusion by BRI Insurance, all the women (PNM customers) present can reap long-term benefits,’ said Sugiarto.

He also hopes the activities will increase public confidence in choosing financial service products, particularly the protection offered, as a means to strengthen community economic resilience to risk and to boost the development of the insurance industry.

He added that insurance protection is also important to sustain people’s livelihoods, especially for women entrepreneurs, so they remain protected from the various risks that could disrupt family economic activity.

Through these activities, BRI Insurance hopes public awareness of the importance of insurance will rise, enabling people to choose financial protection that suits their personal needs and day-to-day businesses.

BRI Insurance offers several insurance products to protect the premises and homes of ultra-micro and micro-entrepreneurs, which are economical and beneficial, namely Mikro Kerusakan Tempat Usaha Insurance (Mikro Place Damage Insurance), Rumahku, and Proteksiku, with premiums starting from Rp10,000 to Rp50,000 per year and benefits ranging from Rp2 million to Rp15 million.

To obtain Micro Insurance, in addition to through BRILink Agents located across Indonesia, BRI Insurance also provides the BRINSmobile app which can be used easily and quickly by UMKM actors as well as the general public to enjoy BRI Insurance services.

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