Allianz Life Indonesia

Demand for sharia insurance products on the rise: Allianz

A recent survey carried out by private life insurer Allianz Life Indonesia in Jakarta, Bandung in West Java, Padang in West Sumatra and Samarinda in East Kalimantan showed a high demand for halal insurance products. As many as 97 percent of around 300 respondents agreed that halal investments were important. Furthermore, 93 percent of the respondents felt comfortable with sharia products because they provided transparent investments and profit-sharing schemes in addition to the management, which is according to Islamic principles. 87 percent of respondents had no problem to buy sharia products and 88 percent said it was important to apply religious values, including in financial management.

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