BBNI - BNI Life Says It Will Not Reduce Sales of Unit Link Products

BBNI - BNI Life Says It Will Not Reduce Sales of Unit Link Products BNI Life Insurance or BNI Life said it would not reduce its unit-link product sales portfolio. According to BNI Life it would continue to strive to increase premium sales from both unit-linked and traditional products. Currently sales of unit link products are still in the process of adapting to changes in provisions in accordance with SEOJK PAYDI Number 5. Additionally, year-to-date data from Financial Services Authority recorded that life insurance premium accumulation has improved, but is still contracting by 6.58% yoy with a value of IDR118.30 tn in 8M23. (Source : Kontan) Comment : Currently BNI life also selling traditional products dedicated for individual consumer. Unit link has become one of the favorite products. With the significant contribution to total revenue (around more than 25%), unit link will play important role to BNI life total income going forward.