10 Top Insurance Companies in Indonesia

In a country like Indonesia, ensuring the financial security and well-being of your loved ones is of utmost importance. The key to achieving this lies in selecting the right insurance company. In this article, we will dive into the list of the top insurance companies in Indonesia, giving you a detailed insight into each, so you can make an informed choice.

Disclaimer: The companies mentioned below are examples. The order of writing and the selection of companies do not indicate any ranking or other classification.

Also read: 14 Top Multinational Companies in Indonesia

1. Asuransi Jiwa Prudential Indonesia

   Founded in 1995, Asuransi Jiwa Prudential Indonesia is the largest life insurance company in Indonesia. As a subsidiary of Prudential plc, a British multinational insurance company, it offers a diverse range of life insurance products, including term life insurance, whole life insurance, and endowment insurance. This makes it one of the best insurance companies in Indonesia.

2. AIA Financial Indonesia

   

   Established in 1989, AIA Financial Indonesia ranks as the second-largest life insurance company in Indonesia. As part of AIA Group, a Hong Kong-based multinational insurance company, AIA Indonesia provides a comprehensive array of life insurance products, from term life insurance to whole life insurance and unit-linked insurance. It is undoubtedly one of the top insurance companies in Indonesia.

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3. AXA Indonesia

   Founded in 1994, AXA Indonesia is the third-largest life insurance company in Indonesia. Being a subsidiary of AXA, a prominent French multinational insurance company, AXA Indonesia offers an extensive range of life insurance products, including term life insurance, whole life insurance, and health insurance. It is among the reputable insurance companies in Indonesia.

4. Manulife Indonesia

   Established in 1981, Manulife Indonesia secures the fourth spot among Indonesia’s largest life insurance companies. Operating under the umbrella of Manulife Financial, a Canadian multinational insurance company, Manulife Indonesia’s offerings include term life insurance, whole life insurance, and investment-linked insurance. It is among the top life insurance companies in Indonesia.

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5. Asuransi Astra

   

   Asuransi Astra takes the fifth position among Indonesia’s top life insurance companies. Founded in 1950, it is a subsidiary of PT Astra International, a renowned conglomerate company. The insurance products offered by Asuransi Astra encompass term life insurance, whole life insurance, and health insurance, making it a leading insurance company in Indonesia.

6. Allianz Indonesia

   Allianz Indonesia, the sixth-largest life insurance company in Indonesia, is a subsidiary of Allianz SE, a leading German multinational insurance company. Founded in 1981, the company provides an extensive portfolio of life insurance products, including term life insurance, whole life insurance, and health insurance. It is one of the top insurance companies in Indonesia.

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7. Tugu Pratama Indonesia

   Securing the seventh spot, Tugu Pratama Indonesia is a subsidiary of PT Tugu Reasuransi Indonesia, a reinsurance company. Established in 1983, the company specializes in offering life insurance products, including term life insurance, whole life insurance, and health insurance. It is among the best insurance companies in Indonesia.

8. Asuransi Jiwa Sinarmas MSIG Tbk

   Founded in 1988, Asuransi Jiwa Sinarmas MSIG Tbk is the eighth-largest life insurance company in Indonesia. It operates as a joint venture between Sinarmas Group and Mitsui Sumitomo Insurance Group. Its range of insurance products includes term life insurance, whole life insurance, and health insurance, making it a reputable insurance company in Indonesia.

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9. Great Eastern Life Indonesia

   Great Eastern Life Indonesia holds the ninth position and is a subsidiary of Great Eastern Holdings, a multinational insurance company based in Singapore. Established in 1989, the company offers a diverse selection of life insurance products, such as term life insurance, whole life insurance, and investment-linked insurance. It is among the top insurance companies in Indonesia.

10. Zurich Asuransi Indonesia

    

    Rounding off the list is Zurich Asuransi Indonesia, the tenth-largest life insurance company in Indonesia. Founded in 1997, it operates under the Zurich Insurance Group, a Swiss multinational insurance company. The company provides a wide range of insurance products, including term life insurance, whole life insurance, and health insurance. It is one of the top insurance companies in Indonesia.

Also read: Insurance Industry in Indonesia: Opportunities and Outlook

Choosing the right insurance company in Indonesia is a significant decision that can shape your financial security and future. With these top insurance companies, you have a wealth of options to consider, each with its unique strengths and offerings. Whether you prioritize life coverage, health insurance, or investment-linked plans, these companies are here to safeguard your future.

Also read: How to Start an Insurance Company

Start Your Insurance Business in Indonesia

Having learned the list above, are you now prepared to establish your own business in Indonesia?

With its vast natural resources and strategic location, Indonesia has emerged as one of the key players in the global business landscape. The country offers a diverse and dynamic market with a population of over 270 million, making it an attractive destination for both local and international businesses.

Also read: The Types of Companies and Business Entities in Indonesia

However, the process of establishing a business in Indonesia involves several steps, including business registration, obtaining necessary licenses and permits, and complying with local regulations. To simplify the process and ensure compliance, it is advisable to seek professional assistance from InvestInAsia’s services for PMA registration in Indonesia and set up PT company in Indonesia.

InvestinAsia is one of a company that can help you with company registration Indonesia and business license in Indonesia.

We have a team of experienced professionals who can help you through the process of Indonesia representative office registration, virtual office setup in Indonesia, and obtaining the necessary business registration number in Indonesia.