AXA Financial Indonesia and Bina Artha Ventura (BAV) partner to improve the economy and provide protection to the Indonesian people, especially business actors in the microfinance sector.
Jakarta, 22nd September 2022 – AXA Financial Indonesia officially partners with Bina Artha Ventura, a venture capital company that is actively involved in the microfinance sector in Indonesia. With this partnership, AXA Financial Indonesia and Bina Artha Ventura target the Indonesian population who owns micro and small businesses to obtain financial and protection solutions that suit their needs.
“In line with our goal to improve the betterment of the population with the protection of what is most important to them, AXA Financial Indonesia strives to continue to increase the number of Indonesians covered by insurance and obtain a better life. This collaboration is our effort to expand access to insurance, especially to micro and small business owners, as well as announcing simple protection solutions as the first step in introducing insurance to the public,” said Yudhistira Dharmawata, Chief of Proposition and Alternate Distribution AXA Financial Indonesia.
Through this partnership, AXA Financial Indonesia provides access to financial solutions in the form of life insurance which are tailored to Bina Artha Ventura’s clients, specifically to mitigate risk and maintain the economic level of Bina Artha Ventura clients in case there is a risk of death to the insured and other additional benefits such as bereavement money.
“We see the common vision of AXA Financial Indonesia and Bina Artha Ventura to provide financial access to low-income households engaged in micro and small businesses in order to achieve economic and social improvement. Therefore, we are working with AXA Financial Indonesia to help our individual clients get life protection and experience the benefits of insurance for themselves and their families. With this partnership, we hope to be able to provide more services to our individual clients,” said Ade Irawan, Chief Financial Officer Bina Artha Ventura.