Jakarta, July 22, 2026 – In line with the continued growth of Indonesia’s insurance industry, PT PFI Mega Life Insurance (“PFI Mega Life”) and PT Bank Mega Tbk (“Bank Mega”) have signed a marketing cooperation agreement for Mega Asuransi Kesejahteraan Andalan (MAKNA), which will be distributed through Bank Mega branch offices nationwide.
The agreement was signed by Samdarshi Sumit, President Director of PFI Mega Life, and Meilani Setiawan, Finance Director of PFI Mega Life, together with Kostaman Thayib, President Director of Bank Mega, and Heriwan Gazali, Retail Banking Director of Bank Mega, in Jakarta. The signing ceremony also marked the official launch of MAKNA (Mega Asuransi Kesejahteraan Andalan), a life insurance solution designed to provide peace of mind through its unique "Premium Return Under All Circumstances" concept.
The introduction of MAKNA is driven by the growing public awareness of the importance of financial protection, which has not yet been fully reflected in insurance ownership. According to the latest available industry data, Indonesia’s insurance penetration rate in 2024 remained at approximately 2.61% of Gross Domestic Product (GDP). Meanwhile, the 2025 National Survey on Financial Literacy and Inclusion (SNLIK) reported that insurance literacy had reached 45.45%, while insurance inclusion stood at only 28.50%.
This gap indicates that while more Indonesians understand the importance of insurance, many have yet to obtain protection that suits their needs. This presents both a challenge and an opportunity for the insurance industry to offer protection solutions that are relevant, easy to understand, and deliver tangible value to Indonesian families.
Amid the uncertainties of life, MAKNA offers a distinctive advantage through its "Premium Return Under All Circumstances" feature. The product provides benefits whether or not an insured event occurs. If the Insured passes away during the coverage period, the beneficiary will receive 100% of the Sum Assured, or 200% of the Sum Assured in the event of accidental death, along with a full refund of all premiums paid.
Following the payment of the death benefit, the policy will remain in force until the end of the coverage period without requiring any further premium payments, and the maturity benefit will still be paid in accordance with the policy provisions. Alternatively, if the Insured survives until the end of the policy term, all premiums paid will be fully refunded.
As a result, customers can enjoy long-term life protection without losing the financial value of the funds they have set aside. MAKNA offers a protection solution that delivers both peace of mind and long-term financial certainty for their loved ones.
Samdarshi Sumit, President Director of PFI Mega Life, stated that the increasing level of financial literacy presents an important opportunity for the insurance industry to introduce protection solutions that are more relevant and provide greater value to customers.
"Many people seek life insurance protection while also expecting the money they set aside to continue providing meaningful value for their families. MAKNA addresses this need through its 'Premium Return Under All Circumstances' concept. By providing protection against the risk of death together with a full refund of premiums—whether a claim occurs or the policy reaches maturity—this product offers both peace of mind and a long-term financial solution that helps Indonesian families face the future with greater confidence," said Samdarshi.
To expand public access to the benefits of MAKNA, PFI Mega Life has partnered with Bank Mega to market the product through Bank Mega’s nationwide branch network. This collaboration also reflects the strong synergy within the CT Corp ecosystem.
Heriwan Gazali, Retail Banking Director of Bank Mega, said that the partnership demonstrates Bank Mega’s commitment to delivering integrated financial solutions for its customers.
“Through the synergy between banking and insurance services, Bank Mega aims to ensure that every Bank Mega customer has access to financial solutions that not only support their banking needs but also provide life protection tailored to their financial goals. We believe this collaboration will create added value for our customers by helping them build more comprehensive and sustainable financial plans.”
In addition to providing certainty of benefits, MAKNA is designed to support families' long-term protection needs. The product offers a 20-year coverage period, with automatic renewal up to the age of 85, allowing customers to enjoy greater peace of mind throughout different stages of life.
MAKNA is also available to a wide range of customers, from infants aged 30 days to individuals aged 65 years. This flexibility enables the product to serve as a comprehensive protection solution for every family member within an integrated financial plan.
For more comprehensive protection, MAKNA can be complemented with optional riders, including Mega Critical Illness Care for critical illness protection and Mega Waiver of Premium for premium waiver benefits, subject to the applicable terms and conditions.
About PFI Mega Life:
PT PFI Mega Life Insurance is a life insurance company established through the strategic partnership between CT Corp and PFI Co., Ltd. The company provides a wide range of protection and financial planning solutions for the Indonesian market. By emphasizing innovation, trusted service, and a deep understanding of customer needs, PFI Mega Life is committed to delivering relevant protection for every stage of life.
About Bank Mega:
PT Bank Mega Tbk is one of Indonesia’s leading banks, offering a comprehensive range of banking services for both individual and corporate customers. As part of the CT Corp ecosystem, Bank Mega continues to strengthen integrated financial services through synergies with various business units within the CT Corp Group as well as strategic partnerships with trusted financial institutions. Through the development of banking and bancassurance solutions, Bank Mega is committed to providing relevant products and services that support customers' transaction needs, protection, long-term financial planning, and the overall well-being of the Indonesian people.
PFI Mega Life
Website: www.pfimegalife.co.id
Facebook: PFI Mega Life
LinkedIn: PFI Mega Life
Instagram: @pfimegalife
Bank Mega
Website: www.bankmega.com
Facebook: @bankmegaid
LinkedIn: @bankmega
Instagram: @bankmegaid
X: @bankmegaid
YouTube: @bankmegaID
TikTok: @bankmega
For Further Information
PT PFI Mega Life Insurance
Radiansyah Sukmana
Branding Specialist
Mobile: +62 838 9919 4877
Email: radiansyah.sukmana@pfimegalife.co.id
PT Bank Mega Tbk
Christiana M. Damanik
Corporate Affairs Head
Mobile: +62 822 0822 0882
Email: christiana.damanik@bankmega.com
