AIA And CIMB Niaga Launch Heritage Fund Preparation Products

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JAKARTA - PT AIA Financial (AIA) and PT Bank CIMB Niaga Tbk (CIMB Niaga) launched AIA Fortuna Prestige Legacy, namely pure mental protection products to help customers prepare inheritance funds as a provision for their descendants.

AIA Chief Marketing Officer Kathryn Parapak said individuals with very high wealth not only need asset management and wealth management, but also protection that plans inheritance to ensure the next generation of families can maintain quality of life.

He explained that this product provides high protection and protects customers from various unexpected risks, and is equipped with AIA Vitality and Personal Medical Management services which helps customers live a healthier life.

"This product allows high-profile customers to gain life protection to leave a good and optimal legacy," Kathryn said in an official statement, Wednesday, October 12.

He added that his party launched AIA Fortuna Prestige Legacy to answer the needs of the high and ultra-high net worth segments by providing a maximum benefit of the initial 200 percent of the coverage money (UP), as well as with short premium payments (2 times).

On the same occasion, Director of Consumer Banking CIMB Niaga Noviady Wahyudi is optimistic that this product can be the right solution for high segment and ultra-high net worth customers.

"Because we understand that high and ultra-high net worth segment customers need special treatment and products that not only protect against various life risks. More than that can also help manage wealth so that the comfort of life that has been felt can be passed on to the next generation," said Noviady.

In the release of The Wealth Report Knight Frank in 2021, it is estimated that the individual population with very high wealth or Utra-High Net Worth Individual (UHNWI) in Asia will grow 39 percent to 161,878 to 2025, led by Indonesia at 67 percent and India 63 percent.