Jul
20
Aviva Indonesia Targets Affluent Indonesians and Expatriates with International Coverage Offerings
By Jan Boshoff | Published July 20, 2012
Aviva Indonesia is introducing an International Health Insurance product offering to the Indonesian market in response to a growing number of expats and well heeled local Indonesians.
The portfolio offers international health insurance coverage with limits between US$1-2 million, depending on the product, and will allow holders of a policy to travel internationally in order to receive qualifying medical treatment.
According to Aviva Indonesia’s vice president, Albert Wanandi, the products are targeted squarely at the wealthy Indonesian and expatriate market, with premiums starting at around US$ 1,360 per annum.
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[...] The bancassurance model is clearly working for this partnership, as Aviva and DBS have agreed to extend their partnership until 2015, and are looking to expand into more markets such as China, India and Taiwan. “Aviva’s research has found that consumers are worried about their financial situation in the current economic volatility. DBS and Aviva’s continued partnership will ensure that consumers have a range of quality insurance products to meet their evolving needs,” says Shaun Meadows, CEO of Aviva in Singapore and Hong Kong.Source: globalsurance.com [...]