Hanwha Life expands youth financial education program to Indonesia

Hanwha Life Insurance is expanding its financial education program to Indonesia to help teenagers develop financial literacy in the digital age, the insurer announced on Tuesday. In collaboration with the international nonprofit Save the Children, the program is based in Bandung, Indonesia, where young people face risks such as illegal lending and online scams due to the growing prevalence of digital financial services.

This initiative builds upon Hanwha Life's previous work in Vietnam last year, where it provided financial education to vulnerable groups, including women and young people.

The Bandung program aims to extend its impact beyond its initial phase by training local students and teachers to lead financial education sessions. Ten high school students from each participating school will be selected to teach their peers, with guidance from university mentors at the Bandung Institute of Technology. Additionally, teachers will receive training to deliver lessons independently.

The program has already reached approximately 600 teenagers and 100 university students and teachers. Planning for January 2023 includes bringing the program to 2,000 more young people.