PT Asuransi Jiwa Manulife Indonesia, in collaboration with Bank DBS Indonesia, has introduced Manulife Protection Optimum Elite (Manulife PRIME), a new life insurance product. This offering aims to address the needs of individuals seeking to ensure continuity in their lives and enhance the value of their estates while maintaining liquidity. The initiative reflects the commitment of both organizations to tackle complex cross-generational financial planning.
The wealth management landscape is evolving, driven by a new generation of affluent individuals. In 2024, high-net-worth individuals saw a 4.2% increase in global wealth, with a 2.6% rise in their numbers. Gen X, millennials, and Gen Z are expected to inherit approximately USD 83.5 trillion by 2048—a phenomenon known as the great wealth transfer. In Indonesia alone, over 22,000 inheritance disputes were recorded in 2024, highlighting the need for clear asset distribution mechanisms. Manulife PRIME aims to minimize conflicts and expedite inheritance distribution through insurance contracts.
Manulife PRIME is designed as more than just life protection; it offers future-oriented inheritance solutions that grow over time. It provides increasing protection benefits and offers policyholders two coverage options: until age 75 (Plan A) or age 100 (Plan B). For those covered up to age 100 who pass away after the 25th policy anniversary, death benefits can reach up to 200% of the insured sum. Coverage up to age 75 includes a maturity benefit of 150% of the insured sum.
"Manulife PRIME is the embodiment of our mission," stated Novita Rumngangun, Vice President Director & Deputy CEO at PT Asuransi Jiwa Manulife Indonesia. "This innovation represents our commitment to supporting our customers."
Bank DBS Indonesia adds value with its comprehensive banking ecosystem for wealth management solutions.
"As a trusted partner for wealth management," said Melfrida Gultom, Consumer Banking Director at PT Bank DBS Indonesia, "we assist customers in building and passing down wealth sustainably across generations."
Manulife PRIME targets individuals aged from birth up to age 70 with flexible premium payment options ranging from one to five years. A premium financing facility through Bank DBS Indonesia allows optimal life protection and financial planning flexibility.
For further information on Manulife PRIME products, contact Manulife Insurance Specialists at any Bank DBS branch or visit their website.