JAKARTA (Yosefardi) – PT Sinarmas MSIG Life booked premium income of Rp687.02 billion for new business in the first half of 2015, grew by 12% from Rp614.40 billion in the same period of 2014.
Newly elected president director for Sinarmas MSIG Life Premraj Thuraisingam said the unit-linked products segment contributed premium income of Rp169.32 billion or 25% of total premium income.
The main contributors (conventional products) covered 64% of total premium income, while the rest 11% was contributed by corporate solutions business segment.
The insurance firm added 1.1 million customers during the first half.
Based on the distribution side, bancassurance contributed 50% of total premium income, followed by agencies 26%, corporate solution 13%, and direct marketing or telemarketing 3%.