To manage clients’ DPLK Pension Programs, Employee Severance Payment Program and Group Life and Health Programs
Jakarta – PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) today signed Memorandums of Understanding (MoUs) with seven companies who have selected Manulife Indonesia as their employee benefits program provider. The MoUs were signed between Manulife Indonesia, who was represented by David Beynon, President Director for Manulife Indonesia, and the following companies: PT Anabatic Teknologi for Group Life and Health (GLH) and DPLK Programs; PT Bahana Pembinaan Usaha Indonesia for the GLH Program; PT Boehringer Ingelheim Indonesia for the GLH Program; PT Great Eastern Life Indonesia for the GLH Program; PT K Line Air Service Indonesia for the GLH Program; PT Papertech Indonesia for the DPLK Program; and, PT Tira Austenite Tbk for the Employee Severance Payment Program.
“In addition to the seven companies that signed memorandums of understanding (MoUs) with us today, we are in the process of completing agreements with several more companies to provide employee benefits programs for their employees. This is certainly a great way for us to start the year of 2007,” said David Beynon, President Director, Manulife Indonesia, at the signing event today in Jakarta. “On the other hand, this also reflects the success of our efforts in educating the market on the importance of employee benefits programs for both companies and employees.”
“By assigning a third party to manage a company’s employee benefits programs, the company can focus on their core business but at the same time ensure their employees’ well-being is taken care of, thus motivating their employees to give their best to the company,” said Naresh Krishnan, Manulife Indonesia Senior Vice President for Alternative Distribution and Wealth Management.
Manulife Indonesia is known as an industry pioneer in the business of employee benefits programs, currently managing programs for approximately 4,000 companies across the country. Various programs offered include the DPLK Program (Dana Pensiun Lembaga Keuangan/Financial Institution Pension Funds), GLH Program (Group Life & Health) and Employee Severance Payment Program (MPP Plus & MKS Plus).
About Manulife Indonesia
Manulife Indonesia offers the most comprehensive products and services in the Indonesian industry through life insurance, employee benefits and mutual fund products. Headquartered in Jakarta, Manulife Indonesia operates through a network of 109 branch offices in 23 cities throughout the country, supported by around 5,000 employees and full-time professional agents who serve almost 1,000,000 customers.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$381 billion (US$341 billion) as at September 30, 2006.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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