Monday, April 11, 2022
Sun Life Indonesia and CIMB Niaga
Sun Life Indonesia and CIMB Niaga have signed a new agreement expanding their current bancassurance partnership for an additional term of 15 years, starting January 2025.
The new agreement will also enable Sun Life to provide insurance solutions through all channels, combining Sun Life’s comprehensive range of policies with CIMB Niaga’s extensive distribution network of 427 branches across Indonesia. At present, Sun Life’s policies are offered through digital and out-of-branch channels.
This partnership will see Sun Life able to accelerate its long-term strategy for distribution growth through bancassurance. CIMB Niaga, meanwhile, will be able to enhance its value position by providing insurance solutions and addressing customer needs.
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