Jakarta, 09 February 2012 – Over the past five years, we’ve seen life insurance investment linked products (unit linked) dominate the life insurance Indonesian market. During that time period, the average growth in unit linked investments was over 40%.* In response to the high demand for unit linked products, PT CIMB Sun Life (CIMB Sun Life) – a life insurance joint venture company between CIMB Group, PT Bank CIMB Niaga Tbk (Bank CIMB Niaga) and Sun Life Financial Inc. - today launched Asuransi X-Tra Optima (X-Tra Optima), a single premium unit linked product for Bank CIMB Niaga’s customers.
X-Tra Optima offers customers the benefits associated with both insurance and investment products. The insurance benefit provides life protection giving the customer peace of mind that their loved ones will be provided for in the event of death. Meanwhile, customers of X-tra Optima also receive the added benefit associated with an investment where they will receive the available fund value at maturity date or at the end of policy contract. The investment benefit can also be enjoyed before maturity date or when the customer needs it.
In addition, X-Tra Optima also offers high flexibility for customers in managing their investments and in deciding the amount of their life insurance protection. Customers can adjust their investment strategy accordingly to their needs, whenever they want. There are four types of funds associated with X-tra Optima (CSL Link Ekuitas, CSL Link Ekuitas Syariah, CSL Link Berimbang and CSL Link Pasar Uang), which allow the product to meet various customers’ risk profiles from conservative, moderate to aggressive.
“The launch of X-Tra Optima is a proof of CIMB Sun Life’s high commitment to provide life insurance and investment solutions which are suitable to our customer’s demand. X-Tra Optima, which is now available in Bank CIMB Niaga’s branches, offers our customers flexibility in managing their finances and supports our customers’ financial goals,” said Vivien Kusumowardhani, President Director of CIMB Sun Life.
Samir Gupta, Sales & Distribution Director of Bank CIMB Niaga said, “We are very pleased to have X-Tra Optima available in our branches. The launch of this product will complete Bank CIMB Niaga’s range of financial solutions to our customers and thus, provide our customers with more product choices which can support their future financial goals.”
With the launch of X-Tra Optima, CIMB Sun Life now offers 4 unit linked products with both single and regular premium to Bank CIMB Niaga’s customers.
About CIMB Sun Life
Established on 28 July 2009, PT CIMB Sun Life (CIMB Sun Life) is a joint venture life insurance company between CIMB Group, PT Bank CIMB Niaga Tbk (Bank CIMB Niaga), and Sun Life Financial Inc. CIMB Sun Life aims to become the major provider of life, accident, health and unit link insurance products for Bank CIMB Niaga’s customers, through its 627 branches and direct channels in Indonesia.
CIMB Sun Life has a unique position in the Indonesian market, and leverages the combined strengths of these three organizations: CIMB Group and Bank CIMB Niaga’s extensive treasury capabilities and distribution strength, and Sun Life Financial’s insurance expertise and infrastructure.
CIMB Sun Life now offers over 21 products to the customers and employees of Bank CIMB Niaga through 5 (five) distribution channels. Our main products are: Asuransi X-Tra Premier Investa, Asuransi Cahaya Investa, Asuransi X-Tra Medika, X-Tra Medika Plus, X-Tra Siaga Plus and X-Tra Siaga.
CIMB Sun Life received ‘Best New Company of the Year 2010’ award from the International Business Award – Stevie Award, a US based global business awards program honoring great performance in business.
For further information, please contact:
Head of Marketing & Corporate Communications
PT CIMB Sun Life