Life Business

BNI LIFE INSURANCE

PT BNI Life Insurance (BNI Life) is an insurance company that provides various insurance products such as Life Insurance, Health, Education, Investment, Pension and Sharia. In carrying out its business activities, BNI Life has obtained a business license in the field of Life Insurance based on a letter from the Minister of Finance Number 305 / KMK.017 / 1997 dated July 7, 1997. The establishment of BNI Life is in line with the needs of its parent company, PT Bank Negara Indonesia (Persero) Tbk or BNI, to provide integrated financial services and services for all its customers (one-stop financial services). Currently BNI Life has been present through 4 distribution channels, namely Agency, Bancassurance, Employee Benefits and Sharia. Agency is marketed through agents who market individual products, while Bancassurance is marketed through the BNI network throughout Indonesia. Employee Benefits are specifically for group insurance products for companies, while sharia markets insurance products for both individuals and groups based on sharia principles. On March 11, 2014, the Financial Services Authority (OJK) approved the change in share ownership of PT BNI Life Insurance ("BNI Life"). Based on the agreement on March 21, 2014, BNI Life held an EGMS with the agenda of issuing 120,279,633 new shares, all of which were subscribed by Sumitomo Life Insurance Company. As of 9 May 2014, BNI Life has become a life insurance company (life) joint venture with PT Bank Negara Indonesia (Persero) Tbk. Remains the controlling shareholder of 60.000000%; Sumitomo Life Insurance Company owns 39.999993%; 0.000003% is owned by the BNI Employee Welfare Foundation (YKP) and 0.000003% is owned by the Danar Dana Swadharma Foundation (YDD).

CENTRAL ASIA RAYA LIFE INSURANCE

PT AJ Central Asia Raya (CAR Life Insurance) was established on April 30, 1975 based on the Notary Deed of Ridwan Suselo no. 357, with a capital of Rp. 500 million and legalized by the Decree of the Minister of Justice of the Republic of Indonesia No.YA5 / 450/6 dated 9 December 1975. CAR for the first time received a business license based on the Decree of the Minister of Finance of the Republic of Indonesia No.KEP.492 / DJM / III-5/11/1975 Dated 15 November 1975. After several business license extensions, the Company permanently and indefinitely obtains an insurance business license from the Ministry of Finance of the Republic of Indonesia. Number: KEP-013 / KM.13 / 1987, dated 18 December 1987. The company has a Sharia Business Unit based on the Decree of the Minister of Finance of the Republic of Indonesia. number KEP-070 / KM.10 / 2007 dated April 5, 2007. The company is also the founder of the Central Asia Raya Financial Institution Pension Fund (DPLK CAR) based on the Decree of the Minister of Finance R.I. number KEP-183 / KM.17 / 1995, dated July 4, 1995. Since its establishment, the Founders, all Shareholders, the Board of Commissioners and the Board of Directors have committed to make the Company one of the leading life insurance companies in Indonesia and provide high service. Many progress and achievements have been made by CAR. The progress and achievements can be measured, then presented in graphical form and reported in the CAR financial report. In 2019 the company has a wealth of more than IDR 8.27 trillion, with a risk based capital (RBC) of more than 120%. The company is the only life insurance company and the first to win a Platinum Award for the title of 'very good' for 10 (ten) consecutive years from InfoBank magazine, and the first to win 16 Unit Link Awards 2015 performance, 11 Unit Link Awards performance in 2016, 22 Unit Link Awards for 2017 performance, 25 Unit Link Awards for performance in 2018, and 25 Unit Link Awards for performance in 2019. In addition, Investor magazine awarded 9 Unit Link Awards for 2017 performance, 12 Unit Link Awards for performance in 2019. 2018 performance, and 11 Unit Link Awards for 2019 performance.

EQUITY LIFE INDONESIA INSURANCE

Established in 1987, PT Equity Life Indonesia is a company engaged in the individual and group life insurance industry. We have a complete product range covering life insurance, health to pension funds. Through a unique business model, namely a multi-channel distribution channel, PT Equity Life Indonesia aims to reach more Indonesians from all economic and social levels in order to have insurance easily and quickly. This is supported by a series of the latest technologies from Information Technology (IT) that make it easier for customers to access our services and own our products through various technological and digital devices. The multi-channel distribution channels that we have include: Individual Business, Group Business, Business Partnership, Retail Business, Niche Market. Customer trust is our key to always developing informative customer service and upholding punctuality, convenience, accuracy, and being close to customers, in accordance with the service value we have for all customers and business partners, especially for customers who have life time values. With all the strengths we have, and of course the support of our employees, customers, partners, and stakeholders, we are confident that we can provide total solutions and life insurance services for our valued customers.

KRESNA LIFE INSURANCE

PT Asuransi Jiwa Kresna (Kresna Life Insurance), is a member of Kresna Group that was founded in 1991. The company is committed to be the best insurance company in Indonesia. The company offers comprehensive life insurance products for individual and group businesses, and is registered and supervised by the Financial Services Authority of Indonesia (OJK).

RELIANCE LIFE INSURANCE

Reliance Nippon Life Insurance Company is amongst the leading private sector life insurance companies in India in terms of individual WRP (weighted received premium) and new business WRP. The company is one of the largest non-bank supported private life insurers with over 10 million policyholders*, a strong distribution network of 717 branches and 63,016 advisors as on March 31, 2020. The company holds of 98.1% as on March 31, 2020. Rated amongst the Top 3 Most Trusted Life Insurance Service Brands by Brand Equity‘s Most Trusted Brands Survey 2018, the company’s vision is "To be a company people are proud of, trust in and grow with; providing financial independence to every life we touch." With this in mind, Reliance Nippon Life caters to five distinct segments, namely Protection, Child, Retirement, Saving & Investment, and Health; for individuals as well as Groups/Corporate entities. Reliance Nippon Life Insurance Company is a part of , a private sector financial services and non-banking company. Reliance Capital has interests in stock broking, life & general insurance, proprietary investments, private equity and other activities in financial services. Since inception of which many policies may have matured, lapsed, terminated and surrendered.

WANA ARTHA LIFE INSURANCE

PT Asuransi Jiwa Adisarana Wanaartha, atau lebih dikenal sebagai WanaArtha Life, telah melayani masyarakat Indonesia selama lebih dari 44 tahun sejak didirikan pada tahun 1974.WanaArtha Life menawarkan berbagai asuransi jiwa dan kesehatan produk ke seluruh masyarakat Indonesia baik asuransi individu atau asuransi grup Produk ini ditawarkan dalam bentuk asuransi jiwa tradisional sampai asuransi memiliki unsur investasi yang diharapkan dapat memenuhi kebutuhan unik dari masing-masing masyarakat Indonesia. WanaArtha Life juga terus mengembangkan produk untuk semua kebutuhan perencanaan keuangan masyarakat. Dukungan yang kuat dari pemegang saham yaitu Fadent Consolidated Companies dan Yayasan Wanajaya yang bernaung di bawah Departemen Kehutanan Republik Indonesia dan dikelola oleh profesional yang berkualitas dan berpengalaman dalam industri asuransi untuk membuat lebih stabil WanaArtha Life untuk terus menjadi perencana keuangan keluarga pasangan masa depan Indonesia. Selain itu, WanaArtha Life percaya bahwa kemudahan aksesibilitas merupakan faktor yang sangat penting. Oleh karena itu, perluasan Marketing Distribution Channels WanaArtha Life dilakukan melalui tiga jalur distribusi, antara lain; Agency, Bancassurance dan Grup.