HSBC Indonesia in partnership with PT Asuransi Allianz Life Indonesia (Allianz) launches “Proteksi Pinjaman Mitra HSBC”. The product also marks the 100th Preferred Strategic Partnership deal signed by HSBC globally. Rakesh Bhatia, CEO HSBC Indonesia and Jens Reisch, CEO PT Asuransi Allianz Life Indonesia, symbolically signed the partnership in Jakarta today.
“Proteksi Pinjaman Mitra HSBC” is designed as service enhancement by providing credit life protection to the bank’s Pinjaman Mitra HSBC customers. This protection allows customers to enjoy peace of mind, as a loan taken from HSBC will be covered by a life insurance policy provided by Allianz if the borrower dies due to any cause during the course of the loan. As a result, the borrower’s family members do not have to worry about how to settle the loan outstanding as the full outstanding will be repaid from policy proceeds. This is particularly valuable if the borrower is the breadwinner.
This product reflects HSBC’s responsibility to its customers, in providing value added products that provide piece of mind to the borrower.
The launch of “Proteksi Pinjaman Mitra HSBC” has been carefully selected by the HSBC Group to mark the 100th deal of HSBC Group Preferred Strategic Partners (PSP) worldwide. This demonstrates the HSBC Group’s ongoing commitment to Indonesia.
The PSP strategy aims to use a small selection of ‘world-class insurance providers’ to fill product gaps and to meet HSBC customers’ needs in countries where HSBC has branches. Allianz is one of the selected PSPs for HSBC to cover all territories in Asia Pacific, Europe, and the Middle East. HSBC’s insurance business in Indonesia has grown strongly in just one year and hence it has been selected to showcase the signing of the 100th deal with a Preferred Strategic Partner across the HSBC Group.
Rakesh Bhatia, Chief Executive Officer HSBC Indonesia said: “The growing needs for credit in the economy demonstrates how well Indonesia is positioned as the next potential emerging market in Asia. “Proteksi Pinjaman Mitra HSBC” is part of the support structure for such borrowing needs as it provides a unique value proposition for our customer. We are delighted to partner with Allianz at this event and believe the combination of our two international finance institution’s strength will present a unique value proposition to our customers.”
Jens Reisch, CEO of PT Asuransi Allianz Life Indonesia said:”We are very proud to be trusted as the Preffered Strategic Partner of HSBC. With our expertise in insurance and our strong vision as the First Choice for customers and business partners, we are ready to serve both HSBC and its’ customers in the best possible way. This Strategic Partnership strengthens Allianz’s position as the trusted partner in insurance.”
Bharat Khosla, Head of Insurance HSBC Indonesia added : “We have launched Proteksi Pinjaman Mitra HSBC as an exemplification of our continuous commitment to provide the best services to our customers. We believe our strategic partnership with Allianz will be beneficial for both parties and will provide piece of mind and security for our customers.”
Martin Brewer, Head of Strategic Partnership and Commercial Bancassurance HSBC Group Insurance stated: “100 new product launches with our Preferred Strategic Partners in 1 year is a great testament to the appetite with which HSBC businesses are eager to provide insurance solutions for our customers, and with which our Preferred Strategic Partners are capable of providing ‘best in class’ products. Both HSBC Indonesia and Allianz have embraced the PSP strategy with great enthusiasm and ambition, and it is thus fitting that that the 100th Launch is here”.
Proteksi Pinjaman Mitra HSBC is available for HSBC’s Pinjaman Mitra HSBC customers through HSBC outlets in Jakarta.