Bank DBS Indonesia and Manulife Indonesia Launch Real Estate Investment Fund | Bahasa
Manulife Dana Investasi Real Estate Asia Pasific Dollar was launched to complement the insurance and related investment needs of the Indonesian people
A diversified real estate portfolio with good Asia-Pacific track record for optimal fund growth
“Customers explore various ways to optimise their financial plans to face the increasingly volatile and uncertain market today. With MDIREAPD, Bank DBS Indonesia customers can diversify their property assets while still enjoying life insurance protection. By creating this new product with Manulife Indonesia, we provide opportunities for customers to benefit from various types of real estate assets, functions and property locations throughout the Asia-Pacific region with a flexible amount of initial capital," said Paulus Sutisna, President Director of PT Bank DBS Indonesia.
Statistics Indonesia (BPS) announced recently that Indonesia's economy contracted by minus 5.32% in the second quarter of 2020. BPS also said seven out of 17 business sectors were still growing positively on an annual basis. The real estate or property sector and financial services are two sectors that posted positive growth in the midst of the pandemic.
Ryan Charland, President Director and CEO of Manulife Indonesia, said, “Manulife Indonesia and Bank DBS Indonesia remain committed to meeting the changing financial needs of Indonesian families. We offer MIDREAPD as a way for our unit-linked customers to take advantage of growth opportunities in the property sector in Asia Pacific and to follow their financial goals and future dreams according to plan.
MDIREAPD as a unit-linked investment fund option is available in the MiTreasure Optimax Protection (MiTOP) insurance product. MiTOP is a solution that offers comprehensive life protection benefits as well as valuable inheritance planning for your loved ones. The product offers death benefits and complementary investment. In the event of death, the customer will automatically get the Coverage Value and the Policy Value that is adjusted to the investment value formed. MDIREAPD has been marketed since 12 October 2020.
Since the collaboration was established in 2016, Bank DBS Indonesia and Manulife Indonesia have presented a wide range of products, from unit-linked, life insurance to health insurance, meeting the various financial needs of Indonesian families. MiTreasure Optimax Protection (MiTOP) was launched in 2018.
[END]
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. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.
