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August 31, 2015 10:00 PM ET


Company Overview of PT BNI Life Insurance

Company Overview

PT BNI Life Insurance provides life, health, education, investment/unit link, retirement, and Sharia insurance products. Its distribution channels include agency channel, which provides insurance products through agents in Indonesia’s major cities; bancassurance channel that provides insurance products for bank customers; employee benefits channel, which provides group insurance products for employees; and Sharia channel that provides individual or group insurance products based on Sharia principle. PT BNI Life Insurance was formerly known as PT Asuransi BNI Jiwasraya and changed its name to PT BNI Life Insurance in 2004. The company was founded in 1996 and is based in Jakarta, Indonesia. PT...

BNI Life Tower

21st Floor

The Landmark Center

Jl. Jend. Sudirman No. 1

Jakarta,  12910


Founded in 1996


62 21 2953 9999


62 21 2953 9998

Key Executives for PT BNI Life Insurance

President Director
Director of Bancassurance and Director
Director of Risk Management and Director
Vice President Director
Compensation as of Fiscal Year 2015.

PT BNI Life Insurance Key Developments

Sumitomo Life In Talks To Acquire BNI Life Insurance

Sumitomo Life Insurance Company is in advanced stage of discussions to acquire a 40% stake in PT BNI Life Insurance from PT Bank Negara Indonesia (Persero) Tbk. (JKSE:BBNI). Sources familiar with the matter said that the transaction could be valued at nearly $400 million but the final price is yet to be finalized. Sumitomo Life emerged as the sole remaining suitor in the bidding process, the sources told Reuters.

PT BNI Tbk Shortlists Three Investors For BNI Life Insurance Stake

PT Bank Negara Indonesia (Persero) Tbk. (JKSE:BBNI) has shortlisted three from 10 potential foreign investors that are interested in acquiring shares in PT BNI Life Insurance. BNI wants to sell 40% shares in BNI Life. Gatot Suwondo, President Director of BNI, said the three potential investors for BNI Life will be processed towards final offering. "We can reach a financial close by the end of this year", he said without providing the names of the three potential investors. Sumitomo Life Insurance Company is reported to be one of the potential investors for BNI Life. Sumitomo is interested in acquiring a 40% stake in BNI Life for $800 million. Yap Tjay Soen, Director of Finance at BNI, said BNI Life's share sales value would not exceed $800 million.

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