INDONESIA - TAKAFUL - Insurance Thursday, 03 11 2011 More in Insurance AIA Issues New Islamic Unit-Linked Product

JAKARTA (IFT) - PT AIA Financial, a large-scale life insurer, issued a new Islamic unit-linked insurance plan, Fortuna X-tra Plus Syariah that will be marketed through a bancassurance channel. The product is targeted to contribute 10 percent to the new premium revenue in 2012. (source)

INDONESIA - TAKAFUL - AIA Financial, CIMB Niaga offer sharia product

JAKARTA: PT AIA Financial in cooperation with PT Bank CIMB Niaga Tbk. launched on Wednesday sharia-based life insurance product Fortuna X-tra Plus Syariah, claiming the product offers maximum protection with optimum investment results for Indonesian customers.

“This bancassurance product is for customers who want to invest as well as get protection,” said Ferdy Sutrisno, CIMB Niaga retail banking and sharia director. (source)

INDONESIA - TAKAFUL - CIMB Niaga to Offer Shariah Product

Bank CIMB Niaga, the country’s fifth largest lender by assets, will grow in the coming years by tapping into the underinsured population in the region’s largest economy, an executive has said.

“At the moment, the insurance business contributes only about 7 percent to 8 percent of the total fee-based income at CIMB Niaga,” said Akhiz Nasution, head of insurance at the bank.  (source)