IFG Life: Society Needs to Prepare for Long-Term Financial Risks

In the midst of global economic dynamics and rising volatility in financial markets, Indonesian society is urged to pay greater attention to the importance of long-term financial planning and protection. A weakening rupiah, pressure on the stock market, and rising geopolitical uncertainties are seen as increasing the need for instruments that can help maintain a family’s financial stability. PT Asuransi Jiwa IFG (IFG Life), a member of the Indonesia Financial Group (IFG), the holding company for state-owned insurance, guarantees, and investment, views these conditions as an important reminder for people to build a stronger and more planned financial foundation. “The economic and financial market conditions will basically always be dynamic. Therefore, the public needs to have better financial readiness so that short-term changes do not easily affect them. Healthy financial planning and appropriate protection become important to help maintain financial stability for the family,” Gatot said in a written statement on Thursday, 21 May 2026. The Macroeconomic Monitor April 2026 report compiled by IFG Progress in collaboration with Bahana Sekuritas and Bahana TCW Investment Management notes that domestic consumption in Indonesia remains relatively resilient. Indonesia’s Consumer Confidence Index (IKK) was recorded at an optimistic level of 122.9 in March 2026, although slightly slower than the previous month. This condition indicates that consumer purchasing power remains fairly protected, although people still face various economic challenges and rising living costs in several sectors. Separately, data from the Central Statistics Agency (BPS) shows inflation in the health sector and household living costs in recent years has continued to rise. This situation underscores the need for the public to pay greater attention to long-term financial preparedness, because health risks or income losses can place greater economic pressure if not anticipated early. “Protection is not only about financial benefits, but also about a sense of security and readiness to face different life stages. When the economy changes rapidly, people who have good financial planning and protection tend to be more prepared to face various situations,” Gatot added. To support public protection needs, IFG Life offers a range of life and health protection services designed to help people maintain financial stability when facing risks at different life stages. Those services include family financial planning, health protection, education continuity for children, and readiness to enter retirement. Challenges such as rising living costs, global economic pressures, and market uncertainty are seen as underscoring the importance of financial readiness as part of long-term resilience.