BTN Holds FWD Provide Bancassurance Services

By : Ahmad Fadli Dan Aldo Bella Putra | Friday, September 22 2017 - 18:00 IWST

Dirut Bank BTN Maryono memberikan penghargaan kepada Dirut PT PP Properti Tbk Taufik Hidayat saat acara BTN Golden Property Awards (Rizki Meirino)
Dirut Bank BTN Maryono memberikan penghargaan kepada Dirut PT PP Properti Tbk Taufik Hidayat saat acara BTN Golden Property Awards (Rizki Meirino)

INDUSTRY.co.id - Jakarta- PT Bank Tabungan Negara Tbk (BTN) and insurance company PT FWD Life Indonesia work together to provide bancassurance or insurance products marketed through banks.

"We've done a lot of bancassurance cooperation, but this time has a characteristic because the premium is sold to the public minus Rp100 thousand," said President Director of Bank Tabungan Negara Maryono at Bank BTN Tower Headquarters, Jakarta, Friday (22/09/2017)

Maryono said the bancassurance cooperation initiative for BTN is to increase fee-based income and build human resource capacity.

"We also invite more cooperation with FWD, which is how to improve the ability of employees to have a marketing soul as an agent or sales staff," he said.

Maryono also asked FWD to become a consultant in the process of establishing a life insurance company by BTN.

Meanwhile, FWD Life Choo President Director Sin Fook said his bancassurance partnership with BTN supports government programs in encouraging financial inclusion.

"We are committed to providing the widest access to financial products," he said.

Choo also said bancassurance cooperation is done at the right moment when there is a strengthening of economic growth in line with improved macroeconomic conditions.

"The life insurance industry posted positive performance in the first quarter of 2017, a premium of Rp57 trillion, an increase of 16.4 percent over the same period last year, reflecting the public's trust in protection given life insurance," he said.

The bancassurance product launched by BTN and FWD Life is "Free Plan Plus" which provides certainty of protection and premium return.

The product only enforces two exceptions, suicide attempts and lawlessness.

"This is suitable for our existing passionate BTN customers to extreme sports.We are optimistic that this partnership will continue through excellent products," Choo said.

News Comment

Today's Industry

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…