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Hanwha Life Insurance Indonesia inks bancassurance agreement

Pt Hanwha Life Insurance Indonesia entered into an agreement with PT Bank Woori Saudara Indonesia 1906 Tbk to develop business in the bancassurance distribution channel.

Under the agreement, Bank Woori Saudara Indonesia and Hanwha Life Insurance Indonesia will collaborate to distribute Pro Investa Link products, according to a Feb. 1 release.

Pro Investa Link itself is an investment product that provides a combination of life protection and fund planning to meet customers' future needs related to education and pensions, among other things.

Hanwha Life Insurance Indonesia is a unit of Hanwha Life Insurance Co. Ltd.