PT ASTRA AVIVA LIFE
Love Life. Enjoy today, Dare to dream and Live the Dream
PT ASTRA AVIVA LIFE (Astra Life) is a joint venture life insurance company with ownership of PT Astra International Tbk shares (49.999962%); Aviva Holdings International Ltd shares (49.999962%); and Koperasi Astra International (0.000076%). Astra Life was established on May 26th, 2014, and was officially launched to public and media on November 27th, 2014. Astra Life combines Aviva’s experience and competence as a world-class insurance for more than 324 years since 1696; Astra’s strength as pride of the nation with its network and distribution channels throughout Indonesia for more than 63 years since 1957, and Koperasi Astra International with its vision to be the best-managed Koperasi in Indonesia. This collaboration provides the best and reliable service for all of Astra Life customers.
Astra Life offers a variety of products to meet the needs of Indonesian from various levels and market segments that includes individual customer in the form of life insurance, health insurance, accidental insurance, life insurance linked to investment (unit link), sharia life insurance and also corporate customers in the form of employee welfare programs (employee benefits) and pension funds (DPLK).
At the end of 2019 Astra Life had more than 620 employees. As of April 2020 Astra Life had served more than 2.7 million insured. Astra Life also supported by thousands of hospital network throughout Indonesia. As of December 31st, 2019, Astra Life has paid claims valued at more than IDR 549 billion. At the end of 2019, Astra Life’s total assets were recorded at IDR 5.90 Trillion. In the first quarter of 2020, Astra Life’s Solvency / Risk Based Capital (RBC) level was 422%. This RBC level is above the OJK minimum requirement of 120%.
With all of the above achievement, Astra Life has become a life insurance company in Indonesia with a significant growth and on the right track to realize the company’s aspiration to become a life insurance that is close to Indonesian’s heart.