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Indonesian Wealth Management Forum 2019 - Exclusive Insights - Samdarshi Sumit

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1. Is the Insurance offering in Indonesia evolving rapidly enough?

Video transcript

1. Is the Insurance offering in Indonesia evolving rapidly enough?

The insurance industry in Indonesia has been heavily focused on unit link, which is good and has its own opportunity, but we need a more diversified set of products. So, at PFI Mega Life, for example, to the mass market we are bringing in basic protection; products like hospital income, products like critical illness. At the same time, we are looking at a US dollar-denominated, more complex set of products - whole of life and unit linked with USD denomination for the affluent customers. So, in a nutshell, we need to broaden the range of solutions, and then we would be able to find the right audience to which this product will appeal.

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