BANDUNG-PT Asuransi Jiwa Sinarmas MSIG (Sinarmas MSIG Life) is partnering with PT. Bank Sinarmas Tbk launched Simas Kid Insurance.
The signing of the cooperation agreement was made by Sinarmas MSIG Life Director Hamid Hamzah and Group Head of National Sales and Distribution Bank Sinarmas, Miko Andidjaja at Festival Citylink, Bandung, West Java, Sunday (21/5/2017)
Director Sinarmas MSIG Life said that education offers a variety of benefits, not only for the insured but also the policyholder. Simas Kid Insurance provides benefits payments gradually in every level of education with the option of an annual payment system, semester, quarterly and monthly.
"Every parent wants to prepare the best for the child, including education, but the cost of education is about 10% annually.It is a challenge for parents to prepare for the cost of early childhood education. Sinarmas MSIG Life understands the importance of preparing the education cost Baby for a better future. To that, we present educational protection solution for the baby, "he said
In addition to educational protection solutions, said Hamid, Simas Kid Insurance also provides benefits 100% of the sum assured payment if the insured dies and the release of premiums if the policyholder dies or suffers a permanent disability.
"The Special is, Simas Kid Insurance can be equipped with an addition insurance (rider) SMiLe Baby, which provides life insurance and health protection for mothers since they still contain up to 30 days after delivery and for children up to the age of 5 years," he said.
Meanwhile, Group Head of National Sales and Distribution Bank Sinarmas, Miko Andidjaja explained, in addition to having a relatively large customer base in West Java, the productivity of Bank Sinarmas in West Java in the first quarter of 2017 also grew positive, which is 36% larger than the initial target.
"Therefore, we chose Bandung as the venue to launch Simas Kid Insurance," he said.
Miko added that the economic growth rate of West Java in 2016 of 5.6% is even higher than the national growth rate of 5.02% and the number of labor force in February 2017 was 22.64 million people, up by 0.46 million people over the period same.
"The condition make us excited to be back with Bank Sinarmas to launch Simas Kid Insurance in Bandung. We believe Simas Kid Insurance will attract a lot of interest of Indonesian people, especially the people of West Java, in planning the future of a better child, "he concluded. (MAT)