PT BNI Life Insurance (BNI Life) targets to collect premium income of more than Rp. 5 trillion by 2022. The target setting is in line with the company's optimism that the performance of the insurance business will improve next year.

BNI Life Finance Director Eben Eser Nainggolan said the uncertainty about the pandemic conditions in the future was a challenge that needed to be anticipated. However, on the other hand, public awareness to have insurance protection is increasing. According to him, this is a good opportunity for the company.

"Therefore, we remain optimistic that in 2022 the performance of the insurance business will improve. In 2022 BNI Life targets premium income of more than Rp. 5 trillion," said BNI Life Finance Director Eben Eser Nainggolan to Bisnis, Monday (12/13/2021). ).

To achieve the premium income target next year, Eben said that BNI Life will continue to focus on selling regular and unit-linked products. In addition, his party is also committed to continuing to develop various innovations, both in terms of services and products.

"We also continue to innovate on the service and product side to ensure customer satisfaction is guaranteed," he said.

Meanwhile, as of October 2021, BNI Life managed to record premium income of IDR 3.7 trillion and asset growth of around 14 percent to IDR 22.3 trillion, and recorded a health insurance or risk based capital level of 706 percent.

This proves that BNI Life has a sound financial condition in the midst of correcting macroeconomic conditions.

BNI Life is also noted to have paid death claims and benefit claims worth Rp1.25 trillion to customers until October 2021.

Meanwhile, the Indonesian Life Insurance Association (AAJI) is optimistic that the business prospects of the life insurance industry in 2022 will be better than this year. Chairman of the AAJI Management Board, Budi Tampubolon, said that most insurance company managements and chief economists look at business conditions in 2022 more optimistically than 2021. With the improving condition of life insurance performance this year, according to him, business players will start to spur their business next year.

"We look at 2022 with optimism and there is no wait and see effort. It seems that from January 2022, AAJI members will begin to realize all their business plans," said Budi, Wednesday (12/8/2021). He did not rule out the potential for the Covid-19 pandemic to continue in 2022 and the possibility of the emergence of new virus variants, such as Omicron.

However, he considers that companies in all business lines, including life insurance, are increasingly adapting to survive. He believes that even if the Covid-19 pandemic continues, business actors will get used to it and find new innovations in running their business. "We will get used to it, we will find new ways to run our business, market our products, and serve our customers. Many believe that the pandemic will slow down. The more immunity comes here, the more immunity is formed. Although there are positive cases, the impact may be severe much more controllable," he said.

Source: Bisnis Indonesia