Financial Literacy Program

Jakarta (12/17) - PT Asuransi Tokio Marine Indonesia (TMI), is again collaborating with Yayasan Wahana Visi Indonesia (WVI Foundation), which is part of the World Vision Indonesia (WVI), a humanitarian organization that focuses on moderate family welfare. The cooperation that held is the financial literacy program for housewives communities, of whom are also small-to-medium entrepreneurs lived in East and North Jakarta. The event was conducted on December 17, 2014, at Museum Prangko, Taman Mini Indonesia Indah.

On January 23, 2014, the Financial Services Authorization (FSA) held the first socialization of Blue Print Program for National Financial Literacy Strategy of Indonesia to all financial service institutions including insurance companies. This program was officially launched by the FSA and has been implemented since August 2014. In accordance with the Financial Services Authority Regulation No. 1/POJK.07/2013 regarding the Consumer Protection of Financial Services Sector on article 14.a mentions that the financial service institutions are required to conduct education to improve financial literacy of customers or societies. The Implementation of this financial literacy is mandatory to be mentioned in the Company’s annual program and reported to the FSA.

In order to meet the above requirement, PT Asuransi Tokio Marine Indonesia (TMI) commences this financial literacy program through cooperation with WVI Foundation. Following the prioritized financial literacy target and activity as stipulated by FSA in 2014, the respective educational program this time would be dedicated to housewives communities, of whom are also small-to-medium entrepreneurs, from 4 program development areas of WVI Foundation in East and North Jakarta. Their type of encountered business mostly consists of caterers, traditional snacks and children toys. This financial literacy program is also aligned with the mission of WVI Foundation’s team for their communities which are the "Family Resources Development" which includes three stages: recognizing the potential strength from family, generating family saving and protection, and developing access to family external resources.

This financial Literacy program was held on December 17, 2014, at the Museum of Prangko, Taman Mini Indonesia Indah and attended by TMI management, WVI Foundation’s team and their respective housewives communities totaling to 100 people. In this program, TMI held the education/financial literacy campaign conveying several materials about the importance of insurance and its background needs, a glimpse of TMI’s insurance products including TMI’s profile, and others. While the WVI Foundation explained about their progress of saving and credit activities that are now ongoing within the communities.

TMI will continue implementing financial literacy programs in the coming years as accordance to FSA’s planning. We believe with the regular application of financial literacy program will give a very positive impact for the societies so that they will be wiser in utilizing their money thus eventually they would be able to achieve more prosperous future.