Member News

AXA Financial Indonesia and Shell Indonesia are working hard to contribute to helping the recovery efforts from the COVID-19 pandemic. Starting in June 2020, AXA Financial Indonesia provides health protection support to Shell Lubricants Indonesia's business partners through AXA Sahabat Sehat and AXA Care Protection products. Julien Steimer, the Country CEO of AXA Indonesia, said that AXA Financial Indonesia provides protection benefits in the form of AXA Sahabat Sehat insurance products and AXA Care Protection to 4,000 Shell Lubricants business partners (workshop owners, vehicle repair services, vehicle parts stores) and are registered users of the digital application of Shell Advantage Rewards (SHARE). The insurance products provide coverage of death from accidents in the amount of IDR 75 million and/or cash benefits for hospitalization due to illness or accident worth up to IDR 800,000 per month. Customers will receive double the benefits of inpatient cash if they are exposed to the risk of cancer, stroke and heart attack. All insurance benefits can be provided for customers aged 18-64 years, and are valid for one year after being registered. Andri Pratiwa, Deputy Director of Shell Lubricants Indonesia added that Shell Indonesia appreciated AXA Financial Indonesia's support for one of Shell Peduli's initiatives through the SHARE program. This program is a tangible form of Shell Lubricant's support for business partners, especially the workshop and mechanical community. We hope that this free health insurance coverage supported by AXA Financial Indonesia can be useful and relevant for the needs of Shell Lubricants business partners.

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The Insurance provider, Allianz Life Indonesia, sees growth potential this year after its net premium income was up 42 percent year-on-year in this year’s first quarter as people shift to health products and protection. In the first quarter of this year, Allianz Life Indonesia’s net premium income amounted to IDR 3.37 trillion, a 42 percent jump from IDR 2.36 trillion during the same period last year. Net profit reached IDR 449.4 billion in the January-March period this year, a 98 percent surge from the same period last year. Allianz Life Indonesia’s Country Manager and President Director, Joos Louwerier, said that the growth of the company was fueled by its two main distribution channels: agency and bancassurance. Allianz Life Indonesia partners with Maybank in delivering life and health insurance products to consumers. The Company has an optimistic view for growth this year as Indonesia still has a low insurance penetration.

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