BNI Life

BNI Life is an Indonesian insurance company that offers various insurance products including Life, Health, Education, Investment, Pension, and Sharia Insurance. Established in 1996, BNI Life operates under the authorization of the Minister of Finance. The company is aligned with its parent company, PT Bank Negara Indonesia (Persero) Tbk, in providing integrated financial services to its customers. BNI Life has a presence through four distribution channels: Agency, Bancassurance, Employee Benefits, and Sharia. The company witnessed a significant development on March 11, 2014, when the Indonesian Financial Services Authority (OJK) approved a change in ownership, leading to the issuance of 120,279,633 new shares, fully acquired by Sumitomo Life Insurance Company. Since May 9, 2014, BNI Life became a joint venture life insurance company with PT Bank Negara Indonesia (Persero) Tbk maintaining a 60.000000% controlling share, Sumitomo Life Insurance Company holding 39.999993%, with the remaining 0.000003% being divided between Yayasan Kesejahteraan Karyawan (YKP) BNI and Yayasan Danar Dana Swadharma (YDD). The company operates in the Finance, Health Care, Insurance, Health Insurance, and Life Insurance industries, with headquarters in Indonesia. While the details of the last investment and investors are not available, BNI Life continues to expand and innovate in providing cutting-edge protection and sustainable innovation.