Allianz Indonesia and QNB Indonesia Launch Insurance Protection and Legacy Planning Solutions for Affluent Customers
25 May 2022 – PT Asuransi Allianz Life Indonesia (Allianz Life Indonesia) and PT Bank QNB Indonesia Tbk (QNB Indonesia) introduced Allianz Wealthlink Prestige Life, a solution for life insurance protection as well as financial planning for QNB Indonesia’s customers. Allianz Wealthlink Prestige Life is a unit link (PAYDI) with regular premium payment scheme that offers comprehensive insurance protection and potential for optimal investment return.
Preparing for life protection and planning your financial since early on is important to help you fulfil the desired future for yourself and your family. By preparing and selecting the right solutions, one may improve their quality of life in the future and experience a happy advanced years with their family.
According to the research conducted in 2020 to more than 400 affluent customers of Allianz Life Indonesia, 60% of respondents are well aware of the risks in life, one of which is health.
Health awareness is also in line with the needs for life protection, with 86% of respondents stating the importance of having life insurance products.
96% of respondents see insurance as one of the instruments for family legacy planning and 87% have started preparing inheritances for their children or spouses.
"For decades, Allianz Life Indonesia has been trusted to provide personal and asset protection services, and to assist customers in developing financial plans for every stage of life. We provide a wide range of insurance products and services so that customers may have the best experience in life with their loved ones and achieve their life goals, including for legacy planning,” said Bianto Surodjo, Business Director of Allianz Life Indonesia.
Allianz Wealthlink Prestige Life provides comprehensive life insurance protection with a chance of lower long-term insurance costs for maximum investment return. This product is supported by feature that allow Insurance Costs to decrease once the Investment Value reaches the targeted Sum Insured. Thus, this product corresponds with the financial needs of affluent customers who want to prioritize the protection during their productive and when they are still growing their assets. Then, as they enter their advanced years, this solution will emphasize the potential of Investment Value, so that the customers may enjoy it with their family.
This product protects customers against the risk of three critical illnesses: first time heart attack, cancers, and stroke. Customers will also have peace of mind knowing that medical assistance are available internationally.
Furthermore, Allianz customers may access policy information, make transactions or policy changes, monitor the investment value, and submit online health claims via Allianz eAZy Connect, a customer portal available on Allianz Indonesia website, www.allianz.co.id.
"As Bank that has been around for more than 100 years, we understand that leaving a good legacy for the next generation is a responsibility that must be carefully planned. With Allianz Wealthlink Prestige Life, QNB Indonesia aims to help our customers in preparing for a legacy for their family in the form of funds inheritance with an added value of premium protection,” said Haryanto Suganda, President Director of QNB Indonesia. “This product adds to our wealth management product portfolio so that customers can enjoy comprehensive financial solutions. This is part of our commitment to continuously innovate and be a partner to our customers at every stage of their lives,” closed Haryanto Suganda.
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About Allianz in Indonesia
Allianz started its business in Indonesia in 1981 with the establishment of a representative office. Allianz founded PT Asuransi Allianz Utama Indonesia, a general insurance firm, in 1989. Then, in 1996, Allianz joined the life insurance, health care, and pension fund business by forming PT Asuransi Allianz Life Indonesia. Sharia insurance was launched by Allianz Utama and Allianz Life in 2006.
Allianz Indonesia now has over 1,000 employees and over 40,000 marketers, as well as a network of banking partners and other distribution partners. Currently, Allianz is one of the major insurance firms in Indonesia, with over 10 million covered people.
About Allianz in Asia
Asia is the growth engine for the Allianz Group, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 15 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 36,000 staff, Allianz serves the needs of more than 21 million customers in the region across multiple distribution channels and digital platforms.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with 126 million1 private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 809 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors (AllianzGI) manage more than 1.9 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2021, over 155,000 employees achieved total revenues of 149 billion euros and an operating profit of 13.4 billion euros for the group.
About QNB Indonesia
PT Bank QNB Indonesia Tbk was established in Medan in 1913 under the name NV Chunghwa Shangyeh Maatschappij and later in 1965 known as PT Bank Kesawan. In 2011, the Bank strengthened its capital structure through the rights issue that made QNB Group as the controlling shareholder and changed its name to PT Bank QNB Kesawan Tbk and later in 2014 PT Bank QNB Indonesia Tbk. As part of the QNB Group, QNB Indonesia becomes one of the leading international banks in Indonesia which offers a wide range of innovative products and services to corporate and mass affluent retail segment. In 2021, QNB Indonesia successfully maintained credit rating AAA (idn) with stable outlook from Fitch Ratings Indonesia.
About Qatar National Bank Q.P.S.C. (QNB Group)
QNB Group is the largest bank in the Middle East and Africa. QNB Group operates in more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of more than 4,500 machines
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