FWD Insurance and OCBC launch FWD Prosperity Plan

PT FWD Insurance Indonesia and PT Bank OCBC NISP Tbk (OCBC) have collaborated to launch the FWD Prosperity Plan, a traditional endowment life insurance product. The product is designed to address the financial stability priorities of the middle class amidst rising living costs and healthcare expenses.

The plan features a premium payment period of only two years, with insurance coverage options of 10 or 15 years. It offers guaranteed end-of-term benefits of up to 120 percent of the total premiums paid. Additionally, the product provides guaranteed annual cash benefits based on the chosen currency: 6 percent for Rupiah-denominated policies, 4 percent for US Dollar policies, and 1.5 percent for Singapore Dollar policies.

According to Irene Dewi, Chief Bancassurance Officer at FWD Insurance, the product aims to help customers protect built wealth while preparing for future financial needs, such as family protection, education, and retirement planning.