Financial literacy on insurance Indonesia 2019-2022

Published by Lucas Romero, Nov 24, 2023
In 2022, the literacy rate on insurance among Indonesians reached around 31.72 percent, showing a significant increase compared to 2019. In the same year, Indonesia's overall financial literacy index was about 49.7 percent.

Financial literacy rate for insurance in Indonesia in 2019 and 2022

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Release date

November 2022

Region

Indonesia

Survey time period

2019 and 2022

Number of respondents

14,634 respondents

Method of interview

Computer-assisted personal interviews (CAPI)

Supplementary notes

Financial literacy is defined as the knowledge, skill, confidence, attitude, and behavior of an individual to increase the quality of decision-making and financial management for their welfare.

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