Manulife Indonesia and Danamon Strengthen Wealth Management Solutions through PPFE

Gedung Manulife Jakarta (@manulufe)

Responding to the needs of a financially diverse and dynamic community, PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) together with PT Bank Danamon Indonesia Tbk (Danamon) presents Extra Flexible Protection (PPFE).

This product is a solution that combines life protection with medium-term financial planning, while providing flexibility for customers to access policy benefits early according to the applicable terms and conditions.

Through PPFE, customers can plan various financial goals more flexibly, namely when needs change in the middle of the journey, the benefits of the policy can be accessed early according to the provisions, so that customers have room to adjust their financial plans.

Chief Bancassurance Officer of PT Asuransi Jiwa Manulife Indonesia Kah Jing Lee said many people are in a phase of life when they have great responsibilities, both to their families and parents, and this condition makes them need to balance their current financial needs with long-term preparation.

"Through PPFE, we aim to help customers build better financial readiness through guaranteed benefits in accordance with the terms and conditions of the policy, as well as flexibility that can adapt to changing needs," he said in a statement, quoted Sunday, August 16.

The need for financial flexibility is also reflected in the Manulife Asia Care Survey 2026 where the survey shows that the financial pressure faced by the Indonesian people is increasing.

As many as 65 percent of respondents define financial freedom as a condition when they are not a burden on others. However, on the other hand, 68 percent of respondents still provide financial support to family members, with an average of 38 percent of monthly income allocated for family needs.

Financial responsibility also affects the achievement of long-term financial independence. As many as 69 percent of respondents admitted that obligations to their families had an impact on their ability to achieve financial independence.

This challenge is especially felt by the productive age group, especially those aged 25-34 years, who must divide attention between current family needs and future financial goals.

To answer this need, Manulife Indonesia and Danamon present PPFE as a solution that helps customers provide protection for loved ones while preparing for various medium-term financial goals.

PPFE carries the concept of "Extra SIAP" which offers comprehensive solutions through Comprehensive Protection, a submission process without health checks, Early Access to Policy Benefits, and currency options in both Indonesian Rupiah (IDR) and United States Dollars (USD).

This product is available for prospective policyholders aged 18 to 80 years old, in addition, customers can also choose the premium payment period according to their needs, namely five years for a 15-year protection period or six years for an 18-year protection period. The minimum annual premium set is IDR 24 million or 2,400 US dollars.

PPFE flexibility is further strengthened through the Early Policy Termination Benefit (Early Policy Termination Benefit) available in certain policy years.

Meanwhile, this benefit provides an option for customers to access policy benefits early if financial conditions or needs change, while still following the terms and conditions of the policy.

This feature can support various medium-term financial needs, ranging from preparing for children's education costs, supporting important family moments, to meeting other financial needs without having to wait until the protection period ends.

In addition, PPFE is also equipped with the benefit of death due to accident, so that this benefit provides additional financial protection for the family if the insured dies due to an accident, in accordance with the terms and conditions of the policy.

Consumer Funding & Wealth Business Head of PT Bank Danamon Indonesia Tbk, Ivan Jaya, said that financial readiness needs to be built through planning that is carried out early and supported by relevant, integrated, and easily accessible financial solutions for customers.

He added that good financial planning is not only about achieving future targets, but also about creating a sense of calm in the face of various changes along the way.

"Through PPFE, Manulife Indonesia together with Danamon presents a solution that combines protection and flexibility, so that Customers can prepare their various financial goals more planned without losing the ability to adapt to other financial needs that continue to grow," he said.

Since its launch, PPFE has received a positive response from Danamon customers and in the first few weeks after its launch, the product has recorded sales of hundreds of policies.

This achievement shows a strong interest in financial solutions that integrate life protection with financial planning.

Through this collaboration, Manulife Indonesia and Danamon continue to expand access to the public to financial protection and planning solutions that are relevant to the evolving needs of customers.