JAKARTA, July 27 (JDN.id) – BNI Life, a subsidiary of Indonesia’s lender Bank Negara Indonesia, or BNI, was awarded on Friday with Infobank 19th Insurance Award 2018 for its bright performance gaining annual gross premium of more than 1 trillion rupiah, or $69.4 million, in 2017.
BNI Life’s gross premium rose 20.34 percent in 2017 to 5.71 trillion rupiah and its investment grew 28.07 percent to 14.25 trillion rupiah compared to in 2016.
This week, the firm also received 2018 Best Insurance Award from Investor Magazine. The award is for life insurance that has assets above 10-25 trillion rupiah.
Both awards were received by Shadiq Akasya, president director of BNI Life.
The firm has seven branches all over Indonesia including Jakarta, Bandung in West Java, Yogyakarta, Denpasar in Bali, Palembang in South Sumatra and Semarang in Central Java.
It promotes quick claim reimbursement process.
The insurance firm offers various protection products such as life, health, education , investment, pension and sharia insurance.
As of 9 May 2014, the company has a joint venture with Japan’s Sumitomo Life Insurance.