Bancassurance has become one of the fastest growing distribution channels for insurance in Indonesia and is playing a significant role in increasing the market penetration. Mutiara Bank has a number of partnerships with leading insurance companies for bancassurance products and plans to increase its partnership network further over the course of 2013 by an additional five to seven companies in order to further grow the bank’s fee based income. The bank’s existing partner companies include Sun Life Financial Indonesia, Cigna Insurance and Panin Life.

Through these partnershisp, Mutiara Bank clients have access to the following products:

• Cigna Optima Product Link
  Unit linked products that offer maximum insurance coverage against investment instruments and optimal investment yields.
• Medicash Pro Products
  Health insurance coverage with a 100% payback guarantee on the expiration of the product.
• Panin New Multilink Protection Products Unit-linked insurance products for customers looking for long term financial planning.
• Sun Products MaxiLink
  A single premium life insurance product where the value of unit linked investment is locked at the highest optimal price through an innovative investment concept called ‘Top Watermark’.
• Sun Fortune Products Link
  Unit-linked life insurance products with regular premium payments are combined with investments from a choice of investment funds that can be tailored to each customer's risk appetite.