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Indonesians less confident about well-being, health: Report

Jakarta Globe - August 30, 2017

Jakarta Indonesians are losing confidence in the future of their health and well-being amid financial challenges, says a report by an Indonesian unit of US-based global health insurer Cigna.

In Asuransi Cigna's report, "2017 Cigna 360 Well-Being Survey Indonesia," published on Tuesday (29/08), Indonesia ranked sixth, with a score of 62.8 in 2016, lower than 66.5 a year earlier, reflecting decline mainly in the financial and physical indicator. The survey also takes into account the job, family and social life factors.

Indonesia still scored higher than Britain (60.8), Singapore (59.4) and Hong Kong (58.6), but below United Arab Emirates (63.1).

Cigna conducted an online survey in December last year, polling 1,007 Indonesian respondents aged 25 years and above. The report was a small component of a larger survey focused on 13 markets, including Singapore, New Zealand, Thailand and Turkey, polling more than 14,219 respondents.

Since 2015, the financial condition remains a major challenge for Indonesians.

Last year, about 24 percent of Indonesians said they were able to meet their families' medical needs, while only 21 percent were able to ease their parents' financial situation and 26 percent were able to pay for their own or their family's education.

Cigna noted that Indonesians, in their productive age, are trapped in the "sandwich generation" dilemma, ending up supporting both their children even already married ones and their parents, which is a significant burden their own financial condition.

Around 44 percent of Indonesians said they were able to take care of their children's well-being, around 42 percent were able to take care of their spouse's well-being, while 32 percent were able to take care of their parent's well-being.

Also about 79 percent of Indonesians said they did not have sufficient funds for retirement, which made 95 percent of them say they intended to work after retirement.

Financial challenges, inability to ensure the well-being of their families, made Indonesians rarely think about their long-term future plans.

"The reason why Indonesians want to continue working after retirement is not because they want to stay active, but because they need money," said Asuransi Cigna chief marketing officer Ben Furneaux.

The need to work after retirement was due to the rising medical costs, not wanting to be a burden for one's family, and wanting to continue the lifestyle they were used to.

Around 89 percent of Indonesians said they did not have normal working hours and, 14 percent said they were on good terms with their supervisors at the office, and only 12 percent said they had secure and stable jobs.

Around 53 percent of respondents also said that they did not have enough time to spend with their families.

Meanwhile, only around 37 percent of Indonesians had enough sleep every night, while only 24 percent of them exercised regularly to remain healthy.

"With a load of responsibility, Indonesians no longer have time to think about themselves, which, unfortunately, makes them prone to various diseases," said Furneaux

Source: http://jakartaglobe.id/business/indonesians-less-confident-well-health-report/.

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