Press ReleasesAugust 8, 2022

Zurich and Danamon Launch Insurance Package for SMEs to Protect Business Assets and Employees’ Health

Jakarta, 4 Aug, 2022 – PT Zurich Asuransi Indonesia (Zurich), in collaboration with PT Bank Danamon Indonesia Tbk (Danamon), recently launched an insurance package for Small, and Medium Enterprises (SME) or SME Package Insurance. Designed to help the growth of SMEs by providing protection in managing their business risks, the package will protect business assets as well as the health of business owners and employees, with a total coverage of up to Rp10 billion. 

President Director of Zurich Asuransi Indonesia, Edhi Tjahja Negara, said, "Based on our study, we found that SMEs have a clear need for protection, but have difficulty finding a product that suits their needs, and they need a trustable recommendation for insurance. Together with Danamon we have developed a package which meets these needs in a variety of ways."

Data from the Ministry of Cooperatives and SMEs showed that in 2021 there were 64.2 million SMEs in the country, contributing 61.07% to Indonesia’s Gross Domestic Product (GDP). 

President Director of PT Bank Danamon Indonesia Tbk, Yasushi Itagaki said, "This product was born out of the synergy between Danamon's experience in helping thousands of SMEs in Indonesia and Zurich's expertise in providing protection for the people of Indonesia. This collaboration provides added value for our customers, especially those who are SMEs, to be able to protect their business and the welfare of their workers. Through Danamon's network throughout Indonesia, we hope this product can reach SMEs that were previously unable to access financial services."

This SME Package Insurance is intended for nine types of SME businesses: shop houses, services, workshops, showrooms, restaurants/bars/hotels, private warehouses, low-risk manufacturing businesses, medium-risk manufacturing businesses, and high-risk manufacturing businesses. 

"We understand SMEs are vital to the Indonesian economy. However, business owners still face several classic challenges related to business risks and a lack of insurance products suited to their needs. We believe that this product suite will help bring a more optimistic outlook for customers," added Edhi

Enjoy special Early Bird offer for purchases in July-September 2022 off SME Package Insurance. Through Danamon’s branch offices, SMEs can save up to 10%. To celebrate Danamon’s 66th anniversary, SMEs owners will also receive additional discount 6.6% off its initial premium. The SME Package Insurance from Zurich and Danamon is accessible in all of Danamon’s branch offices.

 

About Zurich Indonesia

Zurich Indonesia serves customers in the Life also conventional and sharia P&C insurance segments through PT Zurich Topas Life (ZTL), PT Zurich Asuransi Indonesia Tbk (ZAI), and PT Zurich General Takaful Indonesia (Zurich Syariah).

ZTL offers comprehensive protection and financial planning products through a network of distributors (agents, brokers and bank partners). ZAI is 80% owned by Zurich, offers conventional P&C insurance products and services. Zurich Syariah offers sharia-based P&C insurance services.