Life Insurance Assets Predicted to Reach $ 500 Billion

The life insurance industry is predicted to continue to grow, with assets estimated to be Rp 500 trillion through the next 3 years. For 2012, the insurance industry is predicted to grow 2-digit jiawa ie about 25% to 30%.

This was conveyed by the Department Head of Bancassurance Distribution Channel, Life Insurance Association, Handojo Gunawan Kusuma at the National Seminar at Hotel Le-Meridien, Sudirman, Jakarta, Wednesday (11/23/2011).

"Growth was driven by market share and growing segment of the middle class up to down.'s Largest population of people of Indonesia No 4 in the world with 238 million inhabitants. Of this amount still many who do not use insurance," he explained.

This optimistic projection is to consider the development of the world's insurance industry is still positive. The dominance of this growth in emerging markets including Indonesia.

With average growth of two digits, through 2014, total assets of life insurance industry is estimated to reach Rp 500 trillion.

"Until now people have been the industry's total assets reached Rp 249 trillion. With the high growth, in 2014 we project the assets could reach Rp 500 trillion," he said.

Handojo added, to pursue the acquisition of these assets, required a special program for policyholders.

"That tax program, where we can give tax incentives to policyholders when they purchase long-term insurance products," he said.

According to him, by way of insurance products could encourage people to save money long term. This is definitely going to increase the assets of life insurance companies.