In 2022, Indonesia's financial inclusion rate for insurance was at 16.63 percent, showing a slight increase compared to 2019. In the same year, the literacy rate for insurance was about 31.72 percent. This represents a significant gap between literacy and inclusion level for insurance in the country.
Financial inclusion rate for insurance in Indonesia in 2019 and 2022
Characteristic
Inclusion rate
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Financial inclusion is defined as the availability of access for the population to utilize financial products and/or services in formal financial institutions based on their needs and ability for their welfare.
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Financial Services Authority (Indonesia). (November 24, 2022). Financial inclusion rate for insurance in Indonesia in 2019 and 2022 [Graph]. In Statista. Retrieved September 07, 2024, from https://www.statista.com/statistics/1424917/indonesia-financial-inclusion-on-insurance/
Financial Services Authority (Indonesia). "Financial inclusion rate for insurance in Indonesia in 2019 and 2022." Chart. November 24, 2022. Statista. Accessed September 07, 2024. https://www.statista.com/statistics/1424917/indonesia-financial-inclusion-on-insurance/
Financial Services Authority (Indonesia). (2022). Financial inclusion rate for insurance in Indonesia in 2019 and 2022. Statista. Statista Inc.. Accessed: September 07, 2024. https://www.statista.com/statistics/1424917/indonesia-financial-inclusion-on-insurance/
Financial Services Authority (Indonesia). "Financial Inclusion Rate for Insurance in Indonesia in 2019 and 2022." Statista, Statista Inc., 24 Nov 2022, https://www.statista.com/statistics/1424917/indonesia-financial-inclusion-on-insurance/
Financial Services Authority (Indonesia), Financial inclusion rate for insurance in Indonesia in 2019 and 2022 Statista, https://www.statista.com/statistics/1424917/indonesia-financial-inclusion-on-insurance/ (last visited September 07, 2024)
Financial inclusion rate for insurance in Indonesia in 2019 and 2022 [Graph], Financial Services Authority (Indonesia), November 24, 2022. [Online]. Available: https://www.statista.com/statistics/1424917/indonesia-financial-inclusion-on-insurance/
