Sun Life Indonesia deepens bancassurance partnership with CIMB Niaga

This will effectively extend the two companies current partnership until 2039.

PT Sun Life Financial Indonesia, a subsidiary of Sun Life Financial Inc., and PT Bank CIMB Niaga Tbk have announced changes in their bancassurance partnership.

Currently, Sun Life Indonesia can only offer CIMB Niaga customers insurance solutions through digital and out-of-branch channels. With the deeper partnership, Sun Life Indonesia will now be able to offer insurance solutions for CIMB Niaga’s customers on all channels for a term of 15 years starting 2025. This also extends their current partnership for six years to 2039.

“We are delighted to deepen our regional partnership with CIMB to help millions more Clients in Indonesia achieve lifetime financial security and live healthier lives. It will also extend Sun Life’s reach in a market with tremendous potential for further growth with a partner that shares our focus on building a brighter, more sustainable future for clients, employees and communities,” said Ingrid Johnson, President of Sun Life Asia.

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