With the pandemic not abating, High Net Worth (HNW) customers are seeking certainty and are increasingly turning to life insurance (HNW & UHNW Life Insurance in Asia – Opportunities & Challenges for the World Ahead) as a mechanism for legacy planning and asset protection.
Additionally, the number of HNW individuals are estimated to increase by 110% over the next four years according to the Knight Frank The Wealth Report 2021 (Knight Frank The Wealth Report 2021) which has led PT Chubb Life Insurance Indonesia (Chubb Life Indonesia), to refresh its Loyalty Link Insurance.
Recognizing the needs of HNW segment, Reguel Pakpahan, Chief Sales Officer of Chubb Life Indonesia commented, “HNW customers want convenience. Loyalty Link provides a choice of benefits that have been equipped with protection for accidental death and total permanent disability with coverage of up to IDR 10 billion.”
Speaking about insurance awareness among HNW customers, Kristianto Joe, Head of Agency East Region Chubb Life Indonesia said “While the level of insurance knowledge among the HNWs has increased, many people still require support in choosing the right type of insurance for themselves. HNW individuals choose us because we understand they want to protect their family while also building and preserving their wealth for future generations. Our Loyalty Link has been designed precisely for these needs.”
This unit-linked insurance product plays an important role for HNWs by providing both protection and investment. Essentially, a portion of the premium paid is invested, and the funds are managed by qualified industry professionals.
For more information about The Loyalty Link product, please visit HERE.
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at www.chubb.com
About Chubb Life in Indonesia
Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Myanmar, Taiwan, Thailand, Vietnam, and participates in a joint-venture in China.
Chubb Life has been in Indonesia since 2009. To meet the financial protection and security needs of its broad range of customers, Chubb Life in Indonesia (PT Chubb Life Insurance Indonesia) offers a range of life protection, savings, accident, health and investment-linked insurance solutions through agents, financial advisors, retailers, brokers, banks, digital networks, direct marketing and telemarketing operations.
Additional information can be found at chubb.com/id-en