FWD Insurance partners with Bank Commonwealth

Jakarta, 21 October 2021 – PT FWD Insurance Indonesia (“FWD Insurance”), a digital-first, next-generation life insurer in Indonesia, and PT Commonwealth Bank (“Bank Commonwealth”) today announced the latest life protection product, FWD Treasury Armor Link. It aims to provide a lifetime of protection and a tool to help accumulate wealth through investment for the long-term goal of Indonesian families.

FWD Treasury Armor Link is an investment-linked life insurance product that can be purchased through Bank Commonwealth offices throughout Indonesia.The plan not only provides life protection until the age of 100 but also investment returns with the premium that will be invested from the first year. As a tool to help accumulate wealth for the long-term goal, FWD Treasury Armor Link customers can also receive a Loyalty Bonus which can be used to further build on the wealth foundation and to keep the investment active. In addition, with Investment Protector Benefit, a bonus given when the market is weakening which caused the investment funds will decrease. With Investment Protector bonus will (at least) increase the customer's investment fund so that it is sufficient to cover for the mandatory monthly fee that arise.

Some of the features of FWD Treasury Armor Link are:

• Comprehensive with a great value:
  o Coverage up to 100 years of age.
  o Diverse selection of funds to boost investment and a diverse selection of riders to enrich the protection.
  
  
• Flexible:
  o Freedom to top up or withdraw the investment fund.
  o Freedom to switch funds at no cost.
  o Enjoy the eServices feature in the FWD MAX application.
  
  
• Competitive to build up your investment:
  o The premium will be invested since the first year.
  o A reward of loyalty bonus to keep your plan active.
  o Investment protector benefit to boost account value in the market during low times.

FWD Insurance President Director Anantharaman Sridharan said, “With the pandemic, we understand how life can be unpredictable. This situation has made us rethink protection and how the lack of adequate protection could potentially leave the family exposed financially, as we know that family is a keypriority for Indonesian people. Therefore, together with Bank Commonwealth, we have aunched FWD Treasury Armor Link to give people peace of mind so that they can worry less and can focus on their long-term goals, so they get the best benefits that time can provide.”

Bank Commonwealth President Director Lauren Sulistiawati said, “We're aware of our significant rolein these challenging times; to provide protection for the people. As part of our commitment to continue to meet customer needs, we believe that we can provide optimal benefits as well as improve customer’s financial wellbeing through our collaboration with FWD Insurance on FWD Treasury Armor Link.”

For more information, visit fwd.co.id.