Indonesia: SiPINTAR, an Asuransiku (microinsurance) and Emasku (microinvestment) Hybrid Product

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Indonesia has a low index of financial services literacy, mostly in insurance sectors, leasing, pension fund and stock markets. The national survey on financial literacy of 2013 suggested that those who were insurance literate and bought insurance products were only 17.84% while 39.8% were not literate at all. This condition is persistent due to various reasons, such as lack of education, lack of awareness on insurance, high distribution cost to the remote islands, inaccessibility to financial institutions, among others.

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  • Other

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Financial Services Authority of Indonesia (OJK), PT Asuransi Central Asia (ACA) and GIZ-RFPI Asia for the MEFIN Network.

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2

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