Indonesian Dilemma: Wanting Financial Freedom While Supporting Family

Findings from the Manulife Asia Care Survey 2026 highlight the increasing financial pressure faced by Indonesian society.

Although 65 percent of respondents define financial freedom as not being a burden to others, as many as 68 percent still provide financial support to family members, allocating an average of 38 percent of their monthly income to family needs.

As a result, 69 percent of respondents stated that these responsibilities affect their ability to achieve long-term independence or financial freedom.

This challenge is particularly felt by the productive age group, especially those aged 25–34, who must balance current family needs with their future financial goals.

Amid increasingly dynamic financial needs, PT Asuransi Jiwa Manulife Indonesia together with PT Bank Danamon Indonesia Tbk introduced Proteksi Prima Fleksi Ekstra (PPFE), a life protection and medium-term financial planning solution that provides certainty of benefits as well as flexibility to access benefits earlier in accordance with policy terms.

This product is available for prospective insured persons aged 18 to 80 years, with flexible premium payment period options, namely 5 years for a 15-year protection period or 6 years for an 18-year protection period, and a minimum annual premium of Rp24 million or US$2,400.

This flexibility is further strengthened by the Early Policy Termination Benefit available in certain policy years, so that if the customer’s financial needs change, the customer has the option to access policy benefits earlier in accordance with the policy terms and conditions.

This benefit can help support various financial goals, such as financing children’s education, preparing for important family moments, or meeting other medium-term financial needs without having to wait until the protection period ends.

In addition, PPFE also provides accidental death benefits, which provide more optimal financial protection if the insured dies due to an accident, in accordance with the policy terms and conditions.

“We want to help customers build better financial readiness through benefits that are guaranteed in accordance with the policy terms and conditions, as well as flexibility that can adapt to ever-changing needs,” said Chief Bancassurance Officer of Manulife Indonesia, Kah Jing Lee.