Panin Dai-ichi Life Improves Financial Literacy in Yogyakarta

28 Sep 2018

YOGYAKARTA, SEPTEMBER 28 2018 - Penetration of life insurance in Indonesia is still very minimal. Based on data from the Financial Services Authority, in 2017 the Financial Literacy Index in Indonesia reached 15.7 percent, and in the same period, based on Asosiasi Asuransi Jiwa Indonesia (AAJI), insurance penetration in Indonesia only reached 7.1 percent. Financial literacy plays an important role in educating and raising awareness of the Indonesian for insurance. In line with these objectives, Panin Dai-ichi Life keeps conducting financial literacy and one of them collaboration with University of Proklamasi 45 in Yogyakarta.

The financial literacy session was delivered directly by the management of Panin Dai-ichi Life, Windra Krismansyah Bakrie as Head of Marketing & Corporate Communications and Darwin Gunawan as Chief Agency Officer. This session succeeded in attracting approximately 200 participants who enthusiastically followed the entire program.

Windra said "Students are the next generation who will play an important role in the future, therefore it is important for us to be able to open the eyes of students to the importance of insurance. With this debriefing, it is expected that students will be able to k now well about insurance doing financial planning better, in accordance with the increasing stages of life. "

This program is a form of support for Panin Dai-ichi Life on the Financial Services Authority program to increase public understanding of financial products, including life insurance products. This financial literacy activity is part of Panin Dai-ichi Life's Corporate Social Responsibility (CSR) which is carried out continuously and focuses on 3 main pillars, namely education, health and welfare. From time to time, Panin Dai-ichi Life is also increasingly agile and growing, based on audited financial statements, for the year ended December 31, 2017, Panin Dai-ichi Life has recorded assets of Rp 9.3 trillion, an increase of 1 % compared to the previous year, gross premium of Rp 4.2 trillion, an increase of 17% compared to the same period in the previous year, equity of Rp 5 trillion, an increase of 5% over the previous year, and RBC of 1491% (well above the Government's regulation of 120 %).