Danamon, Manulife Indonesia and Universitas Prasetiya Mulya Collaborate to Present the Prasmul EduWealth as a Solution to Prepare a Prominent Generation Through Education Financial Planning

Jakarta, 6 October 2025 – Based on data from BPS - Statistics Indonesia, the annual inflation rate for the education category in August 2024, coinciding with the new student enrollment period, stood at 1.83 percent. This rate was higher than the overall annual inflation in 2024, recorded at 1.57 percent. Between 2015 and 2024, annual inflation in education costs surpassed the general annual inflation in several periods . Furthermore, a 2021 BPS - Statistics Indonesia’s survey indicated that urban households allocated an average of 11–15 percent of their total monthly expenditure to education, reflecting a considerable financial burden on families. In parallel, the World Bank’s report The Promise of Education in Indonesia underscores that high quality education serves as the fundamental basis for developing a highly competitive workforce.

This situation reaffirms that the rising cost of education is a persistent trend, underscoring the urgency of comprehensive and sustainable financial planning in the education sector. High-quality education remains a critical factor in nurturing competitive human resources in the future. Therefore, the implementation of effective financial planning strategies is essential to ensuring equitable access to high quality education across all segments of society.

As part of its commitment to supporting the community in managing education-related finances, PT Bank Danamon Indonesia Tbk (“Danamon”), in collaboration with PT Asuransi Jiwa Manulife Indonesia (“Manulife Indonesia”) and Universitas Prasetiya Mulya (“Prasmul”), is introducing Prasmul EduWealth – Premium Education Saving Plan. This innovative education savings solution integrates savings, life insurance protection, and a comprehensive ecosystem designed to foster early student development.

The collaboration was officially formalized through the signing of a Memorandum of Understanding (MoU) between the three parties, represented by Honggo Widjojo Kangmasto, Vice President Director of PT Bank Danamon Indonesia Tbk; Lauren Sulistiawati, President Director of Manulife Indonesia; and Dr. Hassan Wirajuda, Rector of Universitas Prasetiya Mulya. The signing was witnessed by members of the management teams from Danamon, Manulife Indonesia, and Prasmul. The introduction of Prasmul EduWealth is expected to assist the community in addressing the financial challenges associated with preparing for their children’s education.

Honggo Widjojo Kangmasto, Vice President Director of PT Bank Danamon Indonesia Tbk stated, “As a reflection of Bank Danamon’s commitment to advancing education for Indonesia’s young generation, together with our strategic partners, Manulife Indonesia and Universitas Prasetiya Mulya, we are introducing Prasmul EduWealth – Premium Education Saving Plan as a financial solution for Indonesians, particularly parents, to help them prepare a high quality education for their children in a structured and sustainable manner.”

Through Prasmul EduWealth – Premium Education Saving Plan, Danamon, Manulife Indonesia, and Prasmul reaffirm their commitment to delivering relevant financial solutions while fostering a sustainable education ecosystem.

"Manulife Indonesia welcomes this collaboration as a strategic step to be meaningfully present in every phase of Indonesian families' lives. We believe that peace of mind is a crucial foundation in assisting parents in preparing for their children's future. Through the financial protection we offer, Prasmul EduWealth will ensure that children's education remains a top priority and is protected, no matter what. We are proud to contribute to building a more resilient and high-achieving future generation in Indonesia through trusted and sustainable life insurance solutions," said Lauren Sulistiawati, President Director of Manulife Indonesia.

This collaboration leverages Danamon’s strengths which supported by the local and global networks of its parent company, group members, and strategic partners; Manulife Indonesia as a trusted provider of life insurance solutions; and Prasmul as a leading educational institution specializing in business, technology, and entrepreneurship development. Through this program, parents are offered not only the assurance of access to high quality education but also a holistic student development ecosystem designed to prepare the next generation of leaders.

“We believe that the best education emerges from cross-sector collaboration. Through Prasmul EduWealth, supported by Danamon and Manulife Indonesia, we are bringing this cross-sector collaboration to realization while reinforcing Universitas Prasetiya Mulya’s role in developing an integrated educational ecosystem aimed at preparing an exceptional generation to lead the nation’s future,” added Dr. Hassan Wirajuda, Rector of Prasetiya Mulya University.

Prasmul EduWealth a joint initiative by Danamon, Manulife Indonesia, and Prasmul, is envisioned as a new milestone in transforming education financing in Indonesia. By integrating financial strength, protection, and early student development, the program offers parents peace of mind while paving the way for Indonesia’s young generation to grow into prominent, high-performing, and globally competitive future leaders.

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