Protection solution with Power Reset feature and unit-linked option with high performance potentials in the health technology sector

Indonesia.22 Nov 2021

DBS Treasures and Manulife Indonesia present a comprehensive range of protection products, including early critical illness plan

Indonesia, 22 Nov 2021 - As a trusted wealth management partner, DBS Treasures recognized early on the increasing need for health protection, including protection against critical illnesses. To that end, DBS Treasures, through a strategic partnership with PT Asuransi Jiwa Manulife Indonesia (“Manulife Indonesia”), presents a series of comprehensive health protection plans to suit customers’ needs. One of them is MiEarly Critical Protection (MiECP), which was launched on 2 November 2021, to offer early protection against critical illnesses. The product comes with the Power Reset feature that allows policy holders to get their sum insured reinstated 100%. In addition, there is an investment-linked policy (unit-linked) option, Manulife Global Dollar Health Technology Equity Fund (MDETKGD), the newest fund to capture opportunities in a strong health technology sector with high growth potentials.

“DBS Treasures priority banking service has a reliable team of experts who proactively communicate with customers to understand their needs and to deliver a personalized wealth management strategy in such a way as to continuously optimize their portfolios. The strategy covers investment and protection products to provide customers with peace of mind and confidence to protect and develop their wealth in a timely manner,” said Rudy Tandjung, Consumer Banking Director of PT Bank DBS Indonesia.

There is a growing need for health protection among the Indonesian people as indicated by data from the Manulife Asia Care Survey conducted in November 2020. The survey recruited respondents from all countries in Asia who had an insurance policy or planned to buy a policy in the next six months in the first semester of 2021. As many as 519 of the respondents were Indonesians and 43% of them stated that they had taken the initiative to seek information about insurance products and services in response to the pandemic. The figure was significantly higher than those of respondents from other countries.

The survey results are corroborated by data on policy sales at Bank DBS Indonesia, which showed a 27% increase in the purchase of new health insurance plans from the first quarter to the third quarter of 2021 compared to the same period in 2020. According to the data, purchases of new policies against critical illness increased to 53% in the second quarter of 2021 and 113% in the third quarter compared to the first quarter. These show that the pandemic has increased people’s awareness of the importance of protection against risks of diseases and uncertainty about the future.

The sales of these policies occurred across a variety of superior health protection products from DBS Treasures in collaboration with Manulife Indonesia, including the recently launched MiEarly Critical Protection, an insurance plan that provides protection against 65 diseases in the early stage, and coverage against 85 critical illnesses in the final stage so that policy holders are spared from the anxiety over the high costs of critical illness treatment and care. The product comes with a unique Power Reset feature that enables policy holders to get the insured sum reinstated 100% after the first claim in the early stage of a critical illness or after a treatment claim at the Intensive Care Unit (ICU). In addition, there are other superior products, such as MiUltimate Critical Care, MiUltimate Healthcare, MiTreasure Optimax Care, MiTreasure Flexy Assurance, and MiTreasure Ultimate Protection.

To complement the investment-related (unit-linked) insurance product, recently DBS Treasures and Manulife Indonesia launched the Manulife Global Dollar Health Technology Equity Fund. The fund is allocated to stocks in the health sector with high growth potentials in line with scientific advances and continuous progress in health technology. The fund's investment portfolio captures opportunities in four industries, namely pharmaceuticals, biotechnology, medical devices and medical service providers. The fund also captures technological opportunities in the growing healthcare industry. The number of companies that produce various cutting-edge and technology-based medical devices is growing and increasingly attracting investors' attention. According to data from the Ministry of Health in 2021, from 2015 to 2021, the number of domestic medical device companies grew by 361% or approximately 698 companies.

DBS Treasures' performance as a trusted wealth management partner is recognized by the various global awards it has won. The awards include Indonesia's 1st Country Winner at The World's Best Banks held by Forbes (2021), the Best Bank in the World title from Euromoney and Global Finance for three consecutive years (2018-2020), and the Safest Bank in Asia title from Global Finance for 13 consecutive years (2009-2021).



About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

DBS provides a full range of services in consumer, SME, and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SG50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit