UNS – Universitas Sebelas Maret (UNS) Surakarta hosted the Campus Visit IFG Progress 2024 event on Thursday, May 16, 2024. The Indonesia Financial Group (IFG) organized a seminar at the Faculty of Economics and Business (FEB) UNS, focusing on the topic “Basic Literacy and Introduction to the Insurance and Pension Fund Industry.”

Moderated by Ayya Agmulia Asmarani Islam, the seminar featured four competent speakers from various institutions. These included Chief Senior Research Associate IFG Progress, Ibrahim Kholilul Rohman; Research Associate IFG Progress, Rizky Rizaldi Ronaldo and Afif Narawangsa Luviyanto; and FEB UNS lecturer, Dila Maghrifani, S.E., B.Sc., M.Sc., Ph.D. The presentations were delivered in the Konimex Room, Bachtiar Effendi Building, FEB UNS.

The seminar aimed to introduce the Non-Bank Financial Industry (IKNB), particularly insurance and pension funds, to students. This introduction was based on the numerous activities and risks that individuals may encounter, which could impact themselves or their belongings. In certain situations, these risks could incur significant costs if borne personally.

Ibrahim highlighted the importance of understanding protection from third parties, such as insurance companies and the government. He emphasized the need for insurance and pension funds as individual protection measures, aiming to change mindsets and raise awareness across society.

“We reach out to the current generation in college because they will soon start families, begin working, and more. UNS is the eighth campus we have visited,” Ibrahim said.

IFG Progress recognizes that improving the IKNB requires extensive support and efforts from various stakeholders, including academic institutions. The seminar aimed to help students gain a comprehensive understanding and broaden their knowledge of career prospects in the IKNB, particularly in insurance and pension funds.

Increasing student interest and motivation to become top talents in the IKNB industry is expected to positively impact the development of the non-bank financial sector, especially insurance and pension funds.

“The challenge in educating students is that they perceive insurance and pension funds as distant concerns. Raising awareness about the importance of insurance as risk mitigation is crucial,” he added.

Insurance itself has several types, each with different functions and uses. It is divided into four categories: life insurance, general insurance, social insurance, and mandatory insurance. Life insurance provides protection against the risk of death. General insurance offers various protections for individuals, businesses, and property. Social insurance is a government program ensuring the protection and security of all citizens for a protected life, and mandatory insurance targets specific markets.

Similarly, the pension fund industry addresses the needs of individuals who, upon reaching non-productive age and deciding to retire, no longer receive wages to meet their living needs. This increases the risk of falling into poverty. Pension funds play a crucial role in maintaining and protecting their lives post-retirement.

Pension funds are programs aimed at ensuring the well-being of society during retirement or other circumstances. They help maintain a stable standard of living even after retirement. Various pension fund programs are implemented across different societal layers. Mandatory pension funds cover all employees, including the army, police, and civil servants, while voluntary pension funds are managed by specific companies. Humas UNS

Reporter: R. P. Adji

Editor: Dwi Hastuti