Profil PT Asuransi Jiwa Sinarmas MSIG

The Company has operated since April 14, 1985 by the name of PT. Purnamala Internasional Indonesia (PII). In 1989, the Company changed it’s name into PT. Asuransi Jiwa Eka Life, which then in 2007 changed again into PT. Asuransi Jiwa Sinarmas (Sinarmas Life Insurance). In 2011, PT. Asuransi Jiwa Sinarmas became a joint venture life insurance Company, thus the name changed into PT. Asuransi Jiwa Sinarmas MSIG (also called Sinarmas MSIG Life – SMiLe), whose shares owned by PT. Sinar Mas Multiartha, Tbk and Mitsui Sumitomo Insurance Company Limited – Japan, 50% respectively. PT MSIG Life Insurance Indonesia Tbk (also known as MSIG Life) has been a part of the national life insurance industry since April 14, 1985. Initially established as PT Asuransi Jiwa Purnamala Internasional Indonesia (PII), it underwent two transformations and emerged as a joint venture company between PT Sinar Mas Multiartha Tbk and the Japanese insurance giant, Mitsui Sumitomo Insurance Co., Ltd., in 2011.

MSIG Life officially became a public company on June 28, 2019, under the name PT Asuransi Jiwa Sinarmas MSIG Tbk. On July 9, 2019, MSIG Life shares (stock code: LIFE) began trading on the Indonesia Stock Exchange. Concurrently, Mitsui Sumitomo Insurance Co., Ltd. (MSI) officially became the major shareholder with an ownership composition of Mitsui Sumitomo Insurance Co., Ltd. (80%), PT Sinar Mas Multiartha Tbk (12.5%), and the public (7.5%).

Mitsui Sumitomo Insurance Co., Ltd. is a subsidiary of MS&AD Insurance Group Holdings, Inc. MS&AD holds the largest market share of general insurance premiums in Japan and ranks among the top 10 insurance business groups globally.

VISION:
To create a leading global insurance and financial services group, sustainably pursuing growth and enhancing company value.

MISSION:
To contribute to the development of a dynamic society and help protect the Earth's future by providing security and peace of mind through our global insurance and financial services.