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Overview of BNI Life

BNI Life affirms its commitment to strive to provide added value to every side of your life.

About BNI Life

With more than 24 years of experience, BNI Life continues to strengthen its commitment to strive to provide added value to every side of your life.

PT BNI Life Insurance (BNI Life) is an insurance company that provides various insurance products such as Life (Soul), Health, Education, Investment, Pension and Sharia Insurance. 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 7 July 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 is 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 BNI networks throughout Indonesia. Employee Benefits are specifically for group insurance products to companies, while sharia markets insurance products for both individuals and groups with 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 which were taken entirely by Sumitomo Life Insurance Company. 

As of May 9, 2014, BNI Life has become a joint venture life insurance company with PT Bank Negara Indonesia (Persero) Tbk remaining the controlling shareholder of 60,000,000%; Sumitomo Life Insurance Company owns 39.999993%; 0.000003% owned by BNI Employee Welfare Foundation (YKP) and 0.000003% owned by Danar Dana Swadharma Foundation (YDD).