Bank Mandiri And Bank Neo Commerce Collaborate To Provide Comprehensive Financial Services For Indonesia

JAKARTA - PT Mandiri AXA General Insurance (MAGI) & PT Bank Neo Commerce Tbk. (BNC) today, Friday, June 10, signed a collaboration to expand financial services holistically in providing protection solutions starting from health protection through various distribution channels owned by BNC, both through branch offices, and in the future through digital channels.

This is the commitment of the two companies to maximize the advantages of their digital products and ecosystem in providing convenience for the Indonesian people in managing finances and risks.

The signing of this agreement is a strategic step for MAGI, a general, asset and health insurance company, which is a subsidiary of AXA and Bank Mandiri in Indonesia, to collaborate with one of the fastest growing digital banks, namely Bank Neo Commerce.

This collaboration is supported by the development of an integrated, secure, and integrated IT system to process requests from customers quickly and safely in order to obtain the best protection.

“This collaboration is the first step for MAGI and BNC to accelerate financial inclusion and insurance awareness for the Indonesian people. The superiority of MAGI's products and BNC's integrated distribution channels are the main strengths for the two companies to increase market penetration," said Lina Vongsa-Ath, MAGI's Chief Partnership and Emerging Customer in a statement, Friday 10 June.

Lina added, with the spirit of Payer to Partner, MAGI is committed to not only being a claim payer, but also a partner for every customer in every stage of their life. Together with BNC, of course, MAGI has a wider reach to each of its customers.

Bank Neo Commerce, which was acquired by Akulaku, is the leading digital banking and finance platform in Southeast Asia with operations in 4 major countries: Indonesia, Philippines, Vietnam and Malaysia. In addition, BNC is also one of the digital banks with the fastest and most customer growth rate, which is more than 17 million customers until May 2022. With its digital ecosystem.

Neobank application users can perform various banking transactions with attractive financial transaction features. President Director of Bank Neo Commerce, Tjandra Gunawan said, Neo Commerce Bank is more than just a bank.

"We are trying, with the support of technological advances, to provide digital-based inclusive financial services that are profitable and can be had by everyone. The collaboration with MAGI enriches our product and service portfolio, making it easy for customers to choose, access and get the insurance protection they need," he explained.

For the first stage, one of the products that can be accessed and owned by BNC customers is the Bancassurance Insurance Cash Inpatient product, health protection with very affordable premiums. In the future, together with BNC, MAGI will introduce more health protection and general insurance solutions.

With this initial step, MAGI Together with BNC are ready and committed to invite the public to be more concerned and make health insurance protection a part of the lifestyle of the Indonesian people.