Lifepal Optimistic that the New Government will Boost the Growth of the Insurance Industry

Lifepal Optimistic that the New Government will Boost the Growth of the Insurance Industry
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Illustration (Doc. Lifepal)

LIFEPAL, company marketplace insurance online in Indonesia, he is optimistic that the new government under the auspices of the Red and White Cabinet will be able to boost the growth of the insurance sector.

Benny Fajarai, Co-Founder of Lifepal, said that the Ministry of Communication and Digital will help accelerate national digital transformation. It is believed that the ministry can accelerate the development of digital infrastructure such as a wider and stronger internet network, especially in remote areas.

Improved internet access, he continued, can reach more potential customers and provide education regarding the insurance needed.

“Better access allows insurance companies to reach more people, thereby supporting an increase in overall insurance penetration,” said Benny in an official statement, Wednesday (30/10).

Apart from that, increasing people’s purchasing power can also be a factor influencing the growth of the insurance industry.

Based on a Bank Indonesia report, national economic growth is estimated to reach 5.5% in 2025, because it is supported by political stability and pro-people fiscal policies. This, said Benny, has the potential to increase the insurance market, including health insurance and even vehicle insurance.

It evaluates as marketplace insurance with millions of registered users, Lifepal is in a strategic position to bridge the community with insurance products that are relevant to their needs. His party is committed to supporting the government’s agenda in increasing financial inclusion by providing a platform that is easy to access, trusted, and offers a wide choice of insurance products from health to vehicles.

Not only that, Lifepal technology also allows consumers to carry out all activities online online, from consultation to policy management, so that customers can get the best results more quickly and efficiently.

“With the presence of Lifepal, people now have easier and more transparent access to choose the best insurance product according to their needs, supporting the new government’s vision to strengthen the economy,” concluded Benny. (E-2)

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**Interview with‍ Benny Fajarai, Co-Founder‌ of Lifepal**

**Editor:** Thank you‌ for joining us today, Benny. Lifepal has expressed optimism about the⁤ potential for‌ growth in the insurance sector under the new government. Can you elaborate on the key factors behind this optimism?

**Benny Fajarai:**⁣ Thank you for having me. Our optimism stems primarily from the new government’s focus on digital transformation, particularly through the Ministry of Communication and Digital. We’re seeing a commitment to improving digital infrastructure, which is crucial for the insurance industry.

**Editor:** You mentioned digital infrastructure. How do you envision this impacting the accessibility ‌of insurance services in ​Indonesia?

**Benny Fajarai:** Improved internet access, especially in remote areas, will significantly enhance how insurance companies reach potential customers. With a stronger network,​ we can provide better education about insurance and ⁢help more people understand its importance. ⁢This‍ increased awareness is essential ⁣for expanding⁤ our customer base.

**Editor:** That’s an‌ interesting ⁢point. Can you share more about how Lifepal​ plans to leverage these changes in infrastructure?

**Benny Fajarai:** Absolutely. We aim to utilize improved digital channels to offer more tailored‌ products and services. ​By harnessing data‌ analytics, we can better meet the unique needs of different‍ customer segments. Our goal is to create a more inclusive insurance landscape where everyone has‌ access‍ to the protection they need.

**Editor:** what do you see as the next steps for the insurance⁣ industry in Indonesia, and how​ can stakeholders collaborate to achieve this‌ vision?

**Benny Fajarai:** Collaboration is key. We need insurance companies, tech firms, and the government to​ work together on initiatives that‍ promote digital literacy and expand access. By aligning our efforts, we can ensure ⁤that everyone, regardless of location or background, can benefit from insurance services. The future is bright, and we’re excited ‌to contribute to this growth.

**Editor:** Thank you, Benny, for sharing your⁢ insights. We look forward ⁤to seeing how these developments unfold in ⁤the insurance​ sector.

**Benny Fajarai:** Thank you! I’m excited for the journey ahead.

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