MEASURE Plus: Non-bank Financial Sector

Development of the non-bank financial sector can help individuals to provide for their own retirement, to obtain attractive returns on their savings and to mitigate risks such as illness, accident, natural catastrophes or the death or disability of a wage earner.  As noted in several reports from the World Bank, most Indonesians lack access to basic financial services such as bank accounts and bank credit.[1] An even smaller share of the Indonesian population has a pension to provide retirement income. At present less than 10% of the Indonesian population is covered by any form of pension or insurance.