Bank Danamon is to offer Manulife Financial’s
insurance and wealth management products to a broader range of
customers through its branch network across Indonesia.
The initiative is a follow up of the
partnership agreement between Manulife’s operation in Indonesia and
Bank Danamon in October 2011.
The products launched through the partnership
include life insurance protection as well as investment options,
through 14 unit-linked funds.
They will initially be marketed by more than
250 professionally-trained financial specialists as well as bank
Michellina Triwardhany, Danamon’s Director for
consumer banking, said the partnership with Manulife is in line
with its commitment to provide lifetime financial support and
deepen its customer relationships.
“Additionally, this partnership has a strong
potential to contribute significantly to the bank’s fee based
income,” she added.
Headquartered in Jakarta, Manulife’s business
in Indonesia operates through a network of marketing offices in 24
cities across the country.