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
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 November 12, 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 November 12, 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: November 12, 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 November 12, 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/
