4 Best Life Insurance
Life insurance is about trust and the financial strength of the company that will pay the claim later. Therefore, we must be able to choose the best and most trusted insurance company.
From a search based on the number of company assets, number of agents, product diversity and level of popularity in the community, we found 10 life insurance companies.
List of the best and most trusted life insurance
1. BCA Life
BCA Life is the only subsidiary of the BCA Group that provides life insurance services to all Indonesian people. BCA Life shares are owned by PT Bank Central Asia, Tbk. (BCA) and individuals.
In providing protection to the community, BCA Life will always strive to provide the best service to its customers.
BCA Life focuses on 3 life insurance services, namely protection insurance, insurance plus savings and health insurance through telemarketing, bancassurance, corporate solutions, credit life, digital marketing, and agencies. We are committed to building innovative insurance products according to the needs of the community.
PT Asuransi Jiwa BCA (BCA Life) received an establishment and operational permit from the Financial Services Authority (OJK) on July 14, 2014 based on the Decree of the Board of Commissioners of the Financial Services Authority Number: Kep-91 / D.05 / 2014 Concerning the Granting of Business Licenses in the Life Insurance Sector.
2. Sequis Life
PT Asuransi Jiwa Sequis Life (Sequis Life) was established in 1984 under the name PT Universal Life Indonesia (ULINDO) under the auspices of Gunung Sewu which later changed to Sewu New York Life (NYL) in 1992.
In 2003 all NYL shares were acquired and the company changed its name to Sequis Life which focuses on serving individual and group customers through agency and digital distribution channels that offer a variety of innovative products including life and health insurance.
As of the end of 2021, Sequis Life had total assets of IDR 19.2 trillion, more than 330,000 policies, and is supported by more than 9,500 professional marketers.
One of the advantages of Sequis Life is that the premiums offered are quite affordable, starting from only IDR 75 thousand per month. However, this insurance also still has shortcomings, namely the number of partner hospitals is still limited, making it quite difficult for customers in the regions.
PT Asuransi Jiwa Sequis Life is licensed and supervised by the Financial Services Authority.
3. Generali
PT Asuransi Jiwa Generali Indonesia is part of the Generali Group, a company founded in 1831 in Trieste, Italy. Currently, the Generali Group has become one of the largest life insurance companies in Europe and is trusted as a leading insurance service provider.
Generali has succeeded in becoming a major player in the life insurance and investment industry in Indonesia with a clearly defined business strategy.
Supported by more than 11,000 marketing agents and agency offices throughout Indonesia, Generali focuses on several steps such as:
With customers as the main focus, Generali provides products according to customer financial needs. Not only needs, convenience for customers is also the main key to our service.
This is proven by the existence of digital services such as iSERVICES, iCONNECT, and iCLICK. Generali Indonesia is also proud to introduce ARMS (Auto Risks Management System), an automatic risk management system created by the nation’s children to help customers’ financial needs.
4. Zurich
Headquartered in Jakarta, ZTL is part of the Zurich Group which has expanded its business in the Indonesian life insurance industry since November 2010. Most of ZTL’s shares are owned by Zurich Insurance Company Ltd. and some are owned by PT Mayapada Prasetya Prakarsa as a local partner.
PT Zurich Topas Life has a business license in the life insurance sector based on the Decree of the Minister of Finance of Indonesia Number: KEP-1124/KM.11/1986 dated October 11, 1986 in conjunction with the Letter of the Minister of Finance S-927/MK.10/2009 dated June 12, 2009 in conjunction with the Letter of the Minister of Finance Number: 426/KMK.06/20C3.
ZTL’s multi-distribution strategy provides customers with a variety of choices to obtain insurance products from ZTL while making our presence more meaningful in serving various customer segments.
ZTL has professional marketing staff and is supported by quality bank partners who understand customer needs. They provide the right solutions according to the needs of each individual at every stage of their life through comprehensive financial protection and planning products.
Supported by Zurich Group which has solid financial strength and global experts in the insurance world, ZTL is committed to becoming the best life insurance company in Indonesia for customers, employees, shareholders and business partners.
PT Zurich Topas Life is a life insurance company registered and supervised by the Financial Services Authority.
