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Memperkuat Landasan untuk
Pertumbuhan Berkelanjutan
dan Penciptaan Nilai
Strengthening the Foundation for
Sustainable Growth and Value Creation
2025 Laporan Tahunan dan Laporan Keberlanjutan
Annual Report and Sustainability Report
Page 2
Sanggahan dan
Batasan Tanggung Jawab
Disclaimer and Limitation of Liability
Laporan Tahunan 2025 PT MSIG Life Insurance Indonesia Tbk This 2025 Annual Report of PT MSIG Life Insurance Indonesia
(yang selanjutnya disebut “Perseroan” atau “MSIG Life”) ini Tbk (hereinafter referred to as “the Company” or “MSIG Life”) is
disusun untuk memenuhi ketentuan pelaporan hasil kinerja prepared to fulfill the requirement of reporting the Company’s
Perseroan pada periode 1 Januari 2025 sampai dengan performance results for the period of January 1, 2025, until
31 Desember 2025 kepada regulator dan pemangku December 31, 2025, to regulators and stakeholders. This
kepentingan. Laporan Tahunan ini antara lain disusun Annual Report is prepared based on the Financial Services
berdasarkan Peraturan Otoritas Jasa Keuangan Authority Regulation No. 29/POJK. 04/2016 on Annual Report
No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten atau of Issuers or Public Companies with contents in line with
Perusahaan Publik dengan muatan konten sesuai Surat Edaran Financial Services Authority Circular No. 16/SEOJK.04/2021 on
Otoritas Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk the Form and Content of Annual Report of Issuers or Public
dan Isi Laporan Tahunan Emiten atau Perusahaan Publik. Companies.
Laporan Tahunan ini memuat informasi terkait tujuan, This Annual Report contains information related to objectives,
kebijakan, rencana, strategi, serta hasil operasional dan policies, plans, and strategies, as well as operational and
keuangan yang disusun berdasarkan data faktual yang dapat financial results prepared based on factual, accountable data.
dipertanggungjawabkan kebenarannya. Selain itu, Laporan In addition, this Annual Report also presents information
Tahunan ini juga menyajikan informasi terkait proyeksi kerja related to the Company’s work projections for the following
Perseroan di tahun selanjutnya yang disusun berdasarkan year, prepared based on prospective statements and various
pernyataan-pernyataan prospektif dan berbagai asumsi assumptions regarding the Company’s future conditions
mengenai kondisi mendatang Perseroan, serta lingkungan and related business environment, which may result
bisnis yang terkait, sehingga dapat mengakibatkan in actual developments that are materially different from
perkembangan aktual secara material berbeda dari yang those reported. Therefore, the Company urges stakeholders
dilaporkan. Oleh karena itu, Perseroan mengimbau agar to wisely use such information for decision-making.
pemangku kepentingan dapat menggunakan informasi
tersebut secara bijak dalam pengambilan keputusan.
Informasi lebih lanjut terkait laporan ini dan muatan Further information regarding this report and its contents can
di dalamnya dapat diperoleh melalui: be obtained through:
Sinarmas Land Plaza Sudirman Lt. 6
Jl. Jend. Sudirman Kav. 21
Jakarta Selatan 12920
Leony Samosir : (021) 5059 7777
Sekretaris Perusahaan
: (021) 5060 8899
Corporate Secretary
: corsec@msiglife.co.id
: www.msiglife.co.id
Page 3
Kesinambungan Tema
Theme Continuation
Memperkuat Landasan untuk
Pertumbuhan Berkelanjutan dan Penciptaan Nilai
Strengthening the Foundation for
Sustainable Growth and Value Creation
2025
Laporan Tahunan dan
Laporan Keberlanjutan
Annual Report and
Sustainability Report
Di tengah ketidakpastian ekonomi global, ketatnya Amid global economic uncertainty, intensifying industry
kompetisi industri, dan peningkatan ekspektasi regulator competition, and rising regulatory expectations
terhadap ketahanan industri asuransi, PT MSIG Life regarding the resilience of the insurance sector,
Insurance Indonesia Tbk terus meneguhkan komitmen PT MSIG Life Insurance Indonesia Tbk continues to
dalam memperkuat pondasi keberlanjutan usaha reaffirm its commitment to strengthening the foundation
melalui tata kelola yang unggul, efisiensi operasional, of sustainable business growth through excellent
dan pemanfaatan teknologi informasi secara strategis. governance, operational efficiency, and strategic
Tahun 2025 menjadi fase penting dalam memperkuat utilization of information technology. The year 2025
pilar-pilar pertumbuhan, khususnya melalui peningkatan marked an important phase in reinforcing the Company’s
sistem keamanan data dan digitalisasi proses bisnis yang growth pillars, particularly through data security system
mendukung pelayanan prima dan manajemen risiko yang enhancement and business process digitalization to
lebih tangguh. support service excellence and more resilient risk
management.
Penguatan fondasi ini tidak hanya ditujukan untuk The strengthening of this foundation is not solely
menjamin profitabilitas jangka pendek, tetapi untuk intended to secure short-term profitability but to
membangun kapabilitas berkelanjutan yang menciptakan build sustainable capabilities that generate long-term
nilai jangka panjang bagi seluruh pemangku kepentingan. value for all stakeholders. This approach encompasses
Pendekatan ini mencakup keberlanjutan dalam proses sustainability in business processes, the integration
bisnis, integrasi ESG dalam pengambilan keputusan, of ESG considerations into decision-making, and
serta penguatan nilai-nilai transparansi dan kepatuhan. the reinforcement of transparency and compliance
Sejalan dengan fokus keberlanjutan Perseroan, strategi values. In line with the Company’s sustainability focus,
ini diyakini akan memperkuat ketahanan usaha, this strategy is expected to enhance business resilience,
memperbesar peluang pertumbuhan berkelanjutan, dan expand opportunities for sustainable growth, and solidify
mengokohkan posisi PT MSIG Life Insurance Indonesia PT MSIG Life Insurance’s position as an adaptive, trusted,
sebagai perusahaan asuransi jiwa yang adaptif, terpercaya, and value-creating life insurance company for the people
dan bernilai tambah bagi masyarakat Indonesia. of Indonesia.
2025 Annual Report 1 PT MSIG Life Insurance Indonesia Tbk
Page 4
Semakin Tangguh: Membangun Ketahanan melalui Tata Kelola dan Sinergi
Go Stronger: Building Resilience through Governance and Synergy
PT MSIG Life Insurance Indonesia Tbk (Perseroan) terus memperkuat fondasi ketahanan
melalui tata kelola yang kokoh dan sinergi dengan para pemangku kepentingan,
sebagaimana tercermin dalam tema tahun 2024: “Semakin Tangguh: Membangun
Ketahanan melalui Tata Kelola dan Sinergi.” Tema ini menegaskan bahwa ketangguhan
bukan hanya tentang menghadapi tantangan, tetapi juga membangun nilai jangka panjang
melalui kepemimpinan tata kelola yang kuat serta kerja sama erat dengan mitra bisnis,
nasabah, regulator, dan pemangku kepentingan lainnya. Dengan fondasi tata kelola yang
solid dan sinergi yang semakin erat, kami berkontribusi pada pertumbuhan industri asuransi
jiwa yang berkelanjutan, sekaligus semakin memperkuat kepercayaan masyarakat terhadap
industri ini.
Sebagai Trusted Partner bagi masyarakat Indonesia, Perseroan berkomitmen untuk
mendampingi nasabah dan pemangku kepentingan lainnya dalam menghadapi
ketidakpastian dengan lebih percaya diri. Kami menghadirkan solusi perlindungan yang
inovatif dan adaptif, berorientasi pada kebutuhan nasabah yang dinamis, serta didukung
oleh integritas dan efektivitas operasional yang terus diperkuat. Dengan tata kelola yang
2024
kuat dan sinergi yang luas, kami terus membangun fondasi pertumbuhan berkelanjutan
serta menciptakan dampak positif yang lebih besar bagi industri asuransi jiwa dan
masyarakat Indonesia.
PT MSIG Life Insurance Indonesia Tbk (the Company) continues to strengthen its foundation
of resilience through robust governance and synergy with stakeholders, as reflected in
the 2024 theme: “Go Stronger: Building Resilience through Governance and Synergy.”
This theme underscores that resilience is not just about overcoming challenges, but about
creating long-term value through strong governance leadership and close collaboration
with business partners, policyholders, regulators, and other stakeholders. With a solid
governance foundation and enhanced synergy, we contribute to the sustainable growth of
the life insurance industry while further strengthening public trust in the sector.
As a Trusted Partner to the Indonesian community, the Company is committed to empowering
policyholders and stakeholders to navigate uncertainty with greater confidence. We deliver
innovative and adaptive protection solutions, tailored to evolving policyholder needs, and
supported by strong integrity and operational effectiveness. With reinforced governance
and broader synergy, we continue to build a sustainable growth foundation and generate
a lasting positive impact on the life insurance industry and Indonesian society.
PT MSIG Life Insurance Indonesia Tbk 2 Laporan Tahunan 2025
Page 5
Menavigasi Masa Depan: Memimpin di Tengah Ketidakpastian,
dengan Ketangguhan dan Visi untuk Tumbuh Berkelanjutan
Navigating The Future: Leading through Uncertainty, with Resilience
and Vision for Sustainable Growth
PT MSIG Life Insurance Indonesia Tbk (Perseroan) secara aktif mengantisipasi dan
menyesuaikan diri dengan perubahan kondisi eksternal, seperti perubahan regulasi dan
dinamika pasar. Fokus pada “Memimpin di Tengah Ketidakpastian” menunjukkan tekad
proaktif dan inovatif, mengambil inisiatif dalam mengelola risiko, dan menciptakan solusi
yang responsif terhadap dinamika pasar. Ketangguhan dan visi Perseroan untuk tumbuh
berkelanjutan menggambarkan komitmen untuk membangun fondasi yang kuat pada jangka
panjang dalam mencapai pertumbuhan yang berkelanjutan, bukan hanya sebagai bentuk
ketahanan saat ini, tetapi juga sebagai langkah strategis untuk masa depan yang lebih baik.
Filosofi ini mencerminkan kesadaran Perseroan terhadap kompleksitas lingkungan bisnis,
kewajiban etisnya terhadap Pemegang Saham, dan tanggung jawabnya terhadap nasabah.
Dengan memadukan ketangguhan, inovasi, dan visi yang berkelanjutan, Perseroan
berkomitmen untuk tidak hanya bertahan dalam kondisi sulit, tetapi juga menjadi perusahaan
2023
yang memberikan kontribusi signifikan terhadap industri asuransi jiwa ke arah pertumbuhan
yang berkelanjutan, Perseroan bertahan dalam kondisi sulit dan sekaligus berkontribusi
signifikan terhadap industri asuransi jiwa ke arah pertumbuhan yang berkelanjutan,
sehingga Perseroan menjadi Trusted Partner yang membantu dan memberikan manfaat bagi
masyarakat untuk dapat menjalani hidup sepenuhnya.
PT MSIG Life Insurance Indonesia Tbk (the Company) actively anticipates and adapts to
changes in the external environment, such as regulatory changes and market dynamics.
The focus on “Leading Amid Uncertainty” demonstrates proactive and innovative
determination, taking the initiative in managing risks, and creating responsive solutions to
market dynamics. The Company’s resilience and vision for sustainable growth illustrate its
commitment to building a strong foundation for long-term sustainable growth, not only as
a form of current resilience but also as a strategic step towards a better future.
This philosophy reflects the Company’s awareness of the complexity of the business
environment, its ethical obligations to Shareholders, and its responsibility to customers.
By combining resilience, innovation, and sustainable vision, the Company is committed not
only to surviving in challenging conditions but also to becoming a company that makes
a significant contribution to the life insurance industry towards sustainable growth,
the Company perseveres under challenging conditions and contributes significantly to the life
insurance industry towards sustainable growth, thus becoming a Trusted Partner that helps
and benefits society to live life to the fullest.
Mempercepat Transformasi untuk Pertumbuhan Berkelanjutan
Accelerating Transformation for Sustainable Growth
PT Asuransi Jiwa Sinarmas MSIG Tbk terus mengokohkan fundamental pertumbuhan yang
solid dengan melakukan strategi dan inovasi yang kuat dan komprehensif secara bertahap.
Inovasi ini mencakup berbagai aspek, antara lain produk dan layanan, sistem operasional
dan tata kelola, segmentasi pasar yang semakin tajam, serta distribusi nilai dan manfaat
bagi pemangku kepentingan. Strategi inovatif ini ditujukan untuk mendorong percepatan
transformasi guna mencapai pertumbuhan berkelanjutan serta dalam rangka mencapai
GREAT 2025 yang menitikberatkan pada Grow Sustainable Business - Excellent Services –
As Trusted Partner.
PT Asuransi Jiwa Sinarmas MSIG Tbk continues to strengthen its solid growth fundamentals
by implementing strong and comprehensive strategies and innovations in stages.
This innovation covers various aspects, including products and services, operational and
governance systems, sharper market segmentation, and distribution of value and benefits
to stakeholders. This innovative strategy is aimed at accelerating transformation in order
to achieve sustainable growth and achieve GREAT 2025, which focuses on Grow Sustainable
Business - Excellent Services – As Trusted Partner.
2022
2025 Annual Report 3 PT MSIG Life Insurance Indonesia Tbk
Page 6
40 Tahun Hadir untuk Indonesia
40 Years Serving Indonesia
Empat puluh tahun perjalanan PT MSIG Life Insurance Indonesia Tbk adalah kisah
tentang keberanian, ketekunan, dan kepercayaan yang tumbuh bersama keluarga
Indonesia. Selama 4 dekade, Perseroan senantiasa hadir di setiap tahap kehidupan,
40
sebagai Trusted Partner yang menghadirkan rasa tenang dan keyakinan bahwa masa
depan dapat direncanakan dengan lebih pasti. Terhubung dengan kekuatan global
MS&AD Insurance Group, Perseroan terus memperkuat relevansi melalui layanan
perlindungan dari jiwa hingga kesehatan yang dirancang sederhana, jelas, dan
inklusif bagi seluruh lapisan masyarakat.
The forty-year journey of PT MSIG Life Insurance Indonesia Tbk is a story of
courage, perseverance, and trust built together with Indonesian families.
For 4 decades, the Company has been present at every stage of life
Tahun Berinovasi as a Trusted Partner, providing peace of mind and confidence that the future can be
40 Years Innovating planned with greater certainty. Leveraging the global strength of MS&AD Insurance
Group, the Company continues to enhance its relevance by providing protection
solutions spanning life and health, designed to be simple, clear, and inclusive for all
segments of society.
Keunggulan Kompetitif
Competitive Advantages
Multi Channel, Multi Reach
Jalur distribusi beragam yang memastikan Perseroan
hadir di setiap segmen, dari ritel hingga korporat,
dengan solusi perlindungan yang tepat sasaran.
A diverse range of distribution channels that ensure
Multi Channel,
the Company’s presence across all segments, from retail
Multi Reach
to corporate, delivering targeted protection solutions.
One Life, Many Solutions
Rangkaian produk inovatif yang dirancang menyeluruh,
memberikan perlindungan sesuai kebutuhan unik
nasabah di setiap fase kehidupan.
One Life, Many
Solutions A comprehensive range of innovative products tailored
to meet the customers’ unique needs at every stage of
life.
Smart, Fast, Secure
Smart, Fast,
Secure Pemanfaatan teknologi digital untuk menghadirkan
layanan yang lebih cerdas, cepat, dan aman, sekaligus
meningkatkan efisiensi operasional.
Global Trust,
Local Strength The utilization of digital technology to deliver smarter,
faster, and more secure services while enhancing
operational efficiency.
Global Trust, Local Strength
Didukung reputasi global MS&AD Insurance Group,
Perseroan memperkuat posisinya di Indonesia dengan
layanan yang terpercaya dan relevan secara lokal.
Supported by the global reputation of MS&AD Insurance
Group, the Company strengthens its position in Indonesia
through services that are trusted and locally relevant.
PT MSIG Life Insurance Indonesia Tbk 4 Laporan Tahunan 2025
Page 7
Transformasi Inovasi Digital MSIG Life
MSIG LIFE Digital Innovation Transformation
2021 2022
Fase Digitalisasi Fase Integrasi
Digitalization Phase Integration Phase
Membangun budaya digital melalui peluncuran Membangun konektivitas di seluruh platform
3 aplikasi. digital untuk memaksimalkan pengalaman.
Building a digital culture through the launch of Building connectivity across digital platforms
3 apps. to maximize experience.
INTEGRATION
By MSIG Life
2023 2024
Fase Otomatisasi Fase Akselerasi
Automation Phase Acceleration Phase
Penyederhanaan proses operasional dengan Optimalisasi proses dan pengalaman baru dengan
otomatisasi (Straight Through Processing - STP). penerapan teknologi Artificial Intelligence (AI).
• Tanpa intervensi manusia. • Kecerdasan buatan dan proses otomatisasi
• Verifikasi biometrik. (AI dan machine learning).
• Konversi percakapan dengan kecerdasan
Simplification of operational processes with
buatan.
automation (Straight Through Processing -
STP). Optimization of new processes and experiences
• No human intervention. with the application of Artificial Intelligence
• Biometric verification. (AI) technology.
• Artificial intelligence and automation
process (AI and machine learning).
• Conversational conversion with artificial
intelligence.
2025
• Mengembangkan kanal distribusi yang ada.
GREAT 2025 • Mengembangkan layanan dan bantuan
kepada nasabah, pemangku kepentingan, dan
karyawan.
GRow Sustainable Business • Menerapkan fungsi pengawasan finansial dan
tata kelola perusahaan yang berkelanjutan.
Excellent Services • Expanding existing distribution channels.
• Enhancing services and assistance to
customers, stakeholders, and employees.
As Trusted Partner in 2025 • Implementing sustainable financial
supervision and corporate governance
functions.
2025 Annual Report 5 PT MSIG Life Insurance Indonesia Tbk
Page 8
Fase Puncak Implementasi
Strategi GREAT 2025
Final Phase of the GREAT 2025
Strategy Implementation
"Didukung oleh jajaran
manajemen baru, Perseroan
memperkuat kepercayaan nasabah
dan pemangku kepentingan, sekaligus
membangun fondasi yang kuat untuk
mid-term plan berikutnya."
“Supported by the new management
team, the Company has strengthened the
confidence of customers and stakeholders,
while at the same time laying a solid
foundation for the next
mid-term plan.”
Dari Otomatisasi Sampai Digitalisasi,
Hadirkan Layanan Prima bagi Nasabah
From Automation to Digitalization, Delivering Excellent Services
to Customers
Pendapatan Premi* (IFRS 4/PSAK 104) Pendapatan Jasa Asuransi* (IFRS 17/PSAK 117)
Premium Income (IFRS 4/PSAK 104) Insurance Service Revenue (IFRS 17/PSAK 117)
Keseimbangan Bauran
Produk 2025 2025
Balanced Product Mix Rp4,45 triliun / trillion Rp1,97 triliun / trillion
Tradisional / Traditional: 51% Tradisional / Traditional: 84%
Unit Link: 49% Unit Link: 16%
Customer Experience
+18 +54,4% 96%
NPS Score Pertumbuhan Pengajuan Klaim Interaksi Nasabah secara Digital
Customer Focus Individu secara Digital Digital Customer Interaction
Growth in Digital Individual
Claim Submissions
* Tidak termasuk aspek syariah. / Excluding sharia aspects.
PT MSIG Life Insurance Indonesia Tbk 6 Laporan Tahunan 2025
Page 9
Tantangan Strategi
Challenges Strategy
· Perlambatan pertumbuhan ekonomi serta risiko perang 1. Kinerja keuangan yang kuat
dagang dan geopolitik. · Pertumbuhan pangsa pasar.
· Regulasi baru (implementasi IFRS 17, spin-off syariah, · Efisiensi operasional.
sertifikasi, dan standarisasi sumber daya manusia). · Peningkatan laba.
· Tingginya klaim rasio dan inflasi medis. 2. Meningkatkan nilai perusahaan jangka panjang
· Portofolio yang sehat.
· Nilai pelanggan dan distribusi.
· Memperkuat tata kelola.
· Slowing economic growth and risks from trade wars and 1. Strong financial performance
geopolitical tensions. · Market share growth.
· New regulations (implementation of IFRS 17, Sharia · Operational efficiency.
spin‑off, certification, and standardization of human · Increase in profit.
resources). 2. Enhancing long‑term corporate value
· High claims ratio and rising medical inflation. · Healthy portfolio.
· Customer value and distribution.
· Strengthening governance.
Pencapaian 2025
2025 Achievements
+36,78% 3,3% 206* bio
Pertumbuhan Pendapatan Premi (IFRS 4) Pangsa Pasar tumbuh +0,4% Menurun sebesar 45% (IFRS 17) karena
Premium Income Growth (IFRS 4) Market Share grew +0.4% meningkatnya klaim kesehatan
Decreased by 45% (IFRS 17) due to
increased health claims
* 206 adalah Laba Setelah Pajak (IFRS 17 audited). / 206 is Profit After Tax (IFRS 17 audited).
Inovasi Digital
Digital Innovation
Adopsi AI Chatbot (Melisa) Aplikasi untuk agen untuk melakukan Aplikasi untuk nasabah yang memudahkan
Layanan Live Chat 24/7 melalui WhatsApp pelacakan penjualan secara real-time mengakses polis 24/7 dan pengajuan klaim
dan VEGA, untuk memberikan dukungan dan paperless, lebih banyak waktu untuk instan, kapan saja, dan di mana saja.
instan untuk kebutuhan polis dan pelacakan menjual, dan lebih sedikit waktu untuk An application for customers that
transaksi secara real-time, kapan saja, dan administrasi. facilitates access to policies 24/7 and
di mana saja. An application for agents to track sales instant claims submission, anytime,
AI Chatbot (Melisa) Adoption in real-time and paperless, more time for anywhere.
A 24/7 Live Chat service via WhatsApp and selling, and less time for administration.
VEGA to provide instant support for policy
needs and real-time transaction tracking,
anytime, anywhere.
· Personalisasi perlindungan mudah, simpel,
dan terjangkau.
· Proteksi 24/7, kapan saja, dan di mana saja.
· Bebas tambah keluarga, satu polis untuk
semua. Lebih dari 260 rumah sakit rekanan dengan fasilitas upgrade kamar,
lounge VIP, klaim cashless, serta ambulans gratis untuk perawatan
· Personalized protection that is simple, easy, yang lebih optimal dan pemulihan yang lebih cepat.
and affordable.
· 24/7 coverage, anytime, and anywhere. More than 260 partner hospitals offer room upgrades, VIP lounges,
· Free to add family members, one policy for cashless claims, and free ambulances for optimal care and faster
all. recovery.
2025 Annual Report 7 PT MSIG Life Insurance Indonesia Tbk
Page 10
Pencapaian
Tahun 2025
Achievements in 2025
Total Aset
Total Assets
2025
15.871.202 10,43%
Total Liabilitas
Total Liability
2024*
14.372.457 2025 7.167.505
jutaan Rupiah / million Rupiah
24,18%
2024* 5.771.898
jutaan Rupiah / million Rupiah
Total Ekuitas
Total Equity
2025 8.510.391
1,12%
2024* 8.415.964
jutaan Rupiah / million Rupiah
Pendapatan1) Total Dana Peserta
Income Total Participants’ Fund
2025 3.117.750 2025 193.306
33,58% 4,72%
2024* 2.333.996 2024 184.595
jutaan Rupiah / million Rupiah jutaan Rupiah / million Rupiah
PT MSIG Life Insurance Indonesia Tbk 8 Laporan Tahunan 2025
Page 11
GROW
Annualized Premium Pendapatan Premi, Total Penghasilan Komprehensif
Equivalent tidak termasuk Syariah Tahun Berjalan
Premium Income, Total Comprehensive Income
excluding Sharia for the Year
2025 1.437 2025 4.452 2025 424.148
2024 1.287 2024 3.255 2024* 321.556
miliar Rupiah / billion Rupiah miliar Rupiah / billion Rupiah jutaan Rupiah / million Rupiah
11,66% 36,78% 31,90%
EXCELLENCE
Digitalisasi dan AI Rasio Biaya Operasional Klaim Kesehatan dan Kematian
Digitalization and AI Operating Expense Ratio Health and Death Claims
error rate menurun menurun
error rate decreases decrease
46% 14% 46,63%
dari tahun 2024 dari tahun 2024 meningkat dari tahun 2024
from 2024 from 2024 increase from 2024
TRUST
Fokus Pelanggan Engagement Tata Kelola
(Customer Retention) (Employee Voice Survey Score) Governance
(Compliance & Risk Culture Survey)
+3% poin / points 87% 88%
(dari 77% naik ke 80%)
(from 77% to 80%)
1)
Disajikan mengikuti akun PSAK 104 dengan penyesuaian berdasarkan pada ketentuan IFRS 17. Pendapatan terdiri dari Pendapatan Asuransi, Pendapatan Ujrah, Pendapatan
Investasi - Neto, dan Pendapatan Lain-Lain. / Presented following PSAK 104 accounts with adjustments based on the provisions of IFRS 17. Revenue consists of Insurance
Revenue , Ujrah Income, Investment Income - Net, and Other Income.
* Disajikan kembali. / Restated.
2025 Annual Report 9 PT MSIG Life Insurance Indonesia Tbk
Page 12
Penghargaan dan Sertifikasi 2025
2025 Awards and Certifications
Penghargaan
Awards
1 Best Unit Link Awards 2025:
Excellink Balance Dollar Fund
2 Best Unit Link Awards 2025:
Ekalink Aggressive
3 Best Unit Link Awards 2025:
Excellink-Cash Fund Syariah
Kategori / Category: Kategori / Category: Kategori / Category:
Campuran USD Periode 3 Tahun / Saham IDR Konvensional Pasar Uang Syariah Periode 3 Tahun /
Balanced USD Portfolio for a Three-Year Periode 3 Tahun / Conventional IDR Sharia Money Market for 3 Year Period
Period Equity Portfolio for a Three-Year Period Tanggal / Date:
Tanggal / Date: Tanggal / Date: 25 Februari 2025 / February 25, 2025
25 Februari 2025 / February 25, 2025 25 Februari 2025 / February 25, 2025 Penyelenggara / Organizer:
Penyelenggara / Organizer: Penyelenggara / Organizer: Investortrust.id & Infovesta Utama
Investortrust.id & Infovesta Utama Investortrust.id & Infovesta Utama
4 Best Unit Link Awards 2025:
Excellink-Fixed Income Syariah
5 Best Unit Link Awards 2025:
Simas Stabile Dollar Fund
6 Unit Link Award 2025:
Excellink-Fixed Income Syariah
Kategori / Category: Kategori / Category Kategori / Category:
Pendapatan Tetap Syariah Periode 3 Tahun / Pendapatan Tetap USD Periode 3,5, dan Kelompok Unit Link Pendapatan Tetap
Sharia Fixed Income for 3 Year Period 7 Tahun / USD Fixed Income for 3, 5, and Syariah / Sharia Fixed Income Unit-Linked
Tanggal / Date: 7-Year Periods Group
25 Februari 2025 / February 25, 2025 Tanggal / Date Tanggal / Date:
Penyelenggara / Organizer: 25 Februari 2025 / February 25, 2025 4 Maret 2025 / March 4, 2025
Investortrust.id & Infovesta Utama Penyelenggara / Organizer Penyelenggara / Organizer:
Investortrust.id & Infovesta Utama Media Asuransi
PT MSIG Life Insurance Indonesia Tbk 10 Laporan Tahunan 2025
Page 13
7
Unit Link Award 2025: Excellink-Cash Fund Syariah
Kategori / Category:
Kelompok Unit Link Pasar Uang Syariah / Sharia Money Market Unit-Linked Group
Tanggal / Date:
4 Maret 2025 / March 4, 2025
Penyelenggara / Organizer:
Media Asuransi
8 6Award
Indonesia Top Insurance
9 Indonesia Excellence GCG
10 InvestorTrust Best Insurance
th
2025 Awards 2025 Awards 2025
Kategori / Category: Kategori / Category: Kategori / Category:
Life Insurance – Asset Rp10-25 Triliun Indonesia Excellence – Good Corporate Asuransi Jiwa dengan Aset Rp10
Tanggal / Date: Governance Ethics in Building Public Triliun-Rp25 Triliun / Life Insurance
27 Mei 2025 / May 27, 2025 Trust through Transparent and Companies with Assets of Rp10 Trillion-
Responsible Insurance Services Rp25 Trillion
Penyelenggara / Organizer:
The Iconomics Tanggal / Date: Tanggal / Date:
25 Juni 2025 / June 25, 2025 25 Juni 2025 / June 25, 2025
Penyelenggara / Organizer: Penyelenggara / Organizer:
Warta Ekonomi Investor Trust
11 Strategy and Performance
Execution Excellence (SPEx2)
12 Strategy and Performance
Execution Excellence (SPEx2)
13 Insurance Ratings 2025
Award 2025: Platform Fortify Award 2025: Platform Fortify
Kategori / Category: Kategori / Category: Kategori / Category:
Excellence in Business Model Innovation Excellence in Breakthrough Product Top 10 Insurance Company
Tanggal / Date: Technology Tanggal / Date:
26 Juni 2025 / June 26, 2025 Tanggal / Date: 14 Juli 2025 / July 14, 2025
Penyelenggara / Organizer: 26 Juni 2025 / June 26, 2025 Penyelenggara / Organizer:
GML Performance Consulting & Kontan Penyelenggara / Organizer: CNBC Indonesia
GML Performance Consulting & Kontan
2025 Annual Report 11 PT MSIG Life Insurance Indonesia Tbk
Page 14
14 Market Leaders Award 2025 15 Bisnis
2025
Indonesia Financial Awards
16 Indonesia
2025
Best Insurance Awards
Kategori / Category: Kategori / Category: Kategori / Category:
Joint Venture Life Insurance Best Performance Insurance – Life Insurance, Total Assets 10-25 Triliun
Tanggal / Date: Insurance Go Public Tanggal / Date:
16 Juli 2025 / July 16, 2025 Tanggal / Date: 27 Agustus 2025 / August 27, 2025
Penyelenggara / Organizer: 16 Juli 2025 / July 16, 2025 Penyelenggara / Organizer:
Media Asuransi Penyelenggara / Organizer: Warta Ekonomi
Bisnis Indonesia
This certificate is proudly presented to:
PT. MSIG Life Insurance Indonesia Tbk
As
INDONESIA’S BEST CORPORATE
SUSTAINABILITY INITIATIVE 2025
Category: Most Caring Company in Financial (NonBanking) Industry
(Journalist Voice)
Predicate: Most Caring Company on Education Issue
Jakarta, October 16th, 2025
Ke m a l E . Ga n i
Gro u p C h i e f Ed i t o r S WA Me d i a Gro u p
17 Conference
The 16 IICD Corporate Governance
18 Indonesia Corporate Sustainability
19 Good Corporate Governance Award
th
& Award 2025 Initiatives (ICSI) Award 2025 2025
Kategori / Category: Kategori / Category: Kategori / Category:
Top 50 Middle Capitalization Public Listed The Most Caring Company in Indonesia Trusted Companies
Company (MidCap PLCs) Education Issue Tanggal / Date:
Tanggal / Date: Tanggal / Date: 25 November 2025 / November 25, 2025
15 September 2025 / September 15, 2025 16 Oktober 2025 / October 16, 2025 Penyelenggara / Organizer:
Penyelenggara / Organizer: Penyelenggara / Organizer: SWA Media
Indonesian Institute for Corporate MIX MarComm (SWA Media Group)
Directorship (IICD)
PT MSIG Life Insurance Indonesia Tbk 12 Laporan Tahunan 2025
Page 15
Sertifikasi
Certifications
1 Greenship Sertifikat / Greenship Certificate
Greenship Ruang Interior / IS (Interior Space) V.1.0
2 ISO 27001:2022 tentang Sistem Manajemen Keamanan
Informasi / ISO 27001:2022 on Information Security
Management Systems
Peringkat / Predicate: Peringkat / Predicate:
GOLD The information security management system for online
Periode / Period: insurance application system (Orion and Vega application)
7 Januari 2024 – 6 Februari 2027 / January 7, 2024 – February 6, Periode / Period:
2027 9 Oktober 2025 – 8 Oktober 2028 / October 9, 2025 – October 8,
Penyelenggara / Organizer: 2028
Green Building Council Indonesia Penyelenggara / Organizer:
PT Ekualindo Artha Sinergi
2025 Annual Report 13 PT MSIG Life Insurance Indonesia Tbk
Page 16
Peristiwa Penting 2025
Significant Events in 2025
Peluncuran Platform “Fortify by MSIG Life”
15 Januari / January 2025 Launch of “Fortify by MSIG Life” Platform
Perseroan resmi meluncurkan Fortify by MSIG Life sebagai
platform asuransi jiwa digital yang membuat proteksi jiwa
lebih mudah diakses. Melalui Fortify, nasabah dapat memilih
perlindungan secara simpel, fleksibel, dan sesuai kebutuhan.
Platform ini dirancang untuk mendukung generasi muda
Indonesia menyiapkan proteksi yang relevan di setiap tahap
kehidupan, mulai dari awal karier, membangun keluarga,
hingga perencanaan masa depan. Selain itu, kehadiran Fortify
by MSIG turut mendorong literasi keuangan terkait pentingnya
proteksi sejak dini sebagai wujud komitmen Perseroan dalam
menghadirkan inovasi digital, memperluas inklusi keuangan,
serta menghadirkan solusi perlindungan jiwa yang berorientasi
pada kebutuhan nasabah.
The Company officially launched Fortify by MSIG Life as
a digital life insurance platform designed to make life
protection more accessible. Through Fortify, customers
can select coverage in a simple, flexible manner tailored to
their needs. The platform is designed to support Indonesia’s
younger generation in preparing relevant protection at every
stage of life, starting from early career, building a family,
to long-term future planning. In addition, the presence of
Fortify by MSIG has further encouraged financial literacy
regarding the importance of early protection as part of
the Company’s commitment to deliver digital innovation,
expand financial inclusion, and provide life protection
solutions oriented toward customer needs.
Peluncuran Produk “SURE”
Launch of “SURE” Product 17 Januari / January 2025
Perseroan meluncurkan Smile Ultima Term Life (SURE) pada
acara Agency Kick-Off 2025, sebagai produk asuransi dengan
fleksibilitas tinggi yang komprehensif meliputi perlindungan
jiwa untuk risiko meninggal dunia, perlindungan terhadap
10 penyakit kritis mayor, serta pengembalian premi
hingga 140% apabila tidak terjadi klaim risiko selama masa
perlindungan.
The Company introduced Smile Ultima Term Life (SURE) at
the Agency Kick-Off 2025 event as an insurance product
with high flexibility and comprehensive coverage, including
life protection against the risk of death, protection against
10 major critical illnesses, and a premium refund of up to 140%
if no claims are made throughout the coverage period.
PT MSIG Life Insurance Indonesia Tbk 14 Laporan Tahunan 2025
Page 17
Peresmian Title Partner ASEAN MSIG Serenity CupTM
4 Maret / March 2025 Officially become the Title Partner of ASEAN MSIG
Serenity Cup™
MSIG Asia resmi menjadi title partner pertama turnamen
sepak bola wanita ASEAN yang kini bernama ASEAN MSIG
Serenity Cup™, bersama Federasi Sepak Bola ASEAN
(AFF), sebagai bentuk dukungan pada sportivitas dan
pemberdayaan perempuan di kawasan regional. Kemitraan
strategis ini sejalan dengan misi Perseroan dalam melindungi
kesejahteraan finansial sekaligus mendukung pemberdayaan
masyarakat, khususnya perempuan, agar mampu meraih
potensi terbaiknya.
MSIG Asia officially became the first title partner of ASEAN
women’s football tournament, currently known as ASEAN
MSIG Serenity Cup™, in collaboration with ASEAN Football
Federation (AFF), as a demonstration of its support for
sportsmanship and women empowerment in the regional
area. This strategic partnership aligns with the Company’s
mission to protect financial well-being while also supporting
community empowerment, particularly for women, enabling
them to achieve their full potential.
Penguatan Literasi Keuangan Sejak Dini 24 Mei / May 2025
Strengthening Financial Literacy from an Early Age
Perseroan bersama dengan ISCO Foundation dan KINKO
menyelenggarakan kegiatan literasi keuangan melalui board
game interaktif guna mendukung edukasi bagi 25 anak
prasejahtera di Kebon Melati, Jakarta Pusat.
The Company cooperated with ISCO Foundation and
KINKO to organize a financial literacy program through
an interactive board game to support educational initiatives for
25 underprivileged children in Kebon Melati, Central Jakarta.
Peluncuran Produk “SMART”
17 Juni / June 2025 Launch of “SMART” Product
Perseroan memperkenalkan Smile Wealth Protection (SMART),
produk proteksi jangka panjang dengan manfaat hingga 175%
dari dana pasti yang dapat dicairkan secara berkala, baik saat
tertanggung hidup maupun meninggal dunia. Produk ini juga
dilengkapi fitur pembebasan premi serta manfaat tambahan
bagi ahli waris apabila terjadi risiko meninggal akibat
kecelakaan.
The Company introduced Smile Wealth Protection (SMART),
a long-term protection product offering benefits of up to 175%
of the guaranteed fund, which may be disbursed periodically
during the coverage period, whether the insured remains alive
or passes away. This product also includes a premium waiver
feature and additional benefits for beneficiaries in the event
of death due to an accident.
2025 Annual Report 15 PT MSIG Life Insurance Indonesia Tbk
Page 18
24 Juni / June 2025
Perseroan menyelenggarakan RUPS Tahunan di Sinarmas Land
Plaza, Tower II, Lt. 39, Jl. M.H. Thamrin No. 51, Jakarta Pusat.
The Company held its Annual GMS at Sinarmas Land Plaza,
Tower II, 39th floor, Jl. M.H. Thamrin No. 51, Jakarta Pusat.
Pengembangan Layanan Smart Maxi Assurance
11 Juli / July 2025 bersama KB Bank
Enhancement of Smart Maxi Assurance Services in
Collaboration with KB Bank
Perseroan, bekerja sama dengan KB Bank, melakukan
penyempurnaan layanan Smart Maxi Assurance melalui
penambahan pilihan masa perlindungan hingga usia 55 dan 60
tahun. Produk asuransi jiwa ini tetap memberikan fleksibilitas
premi serta manfaat 100% uang pertanggungan, baik dalam
hal risiko meninggal dunia maupun pada akhir masa kontrak.
Penyempurnaan ini melengkapi pilihan perlindungan yang
sebelumnya tersedia hingga usia 75 dan 100 tahun, dengan
fitur bebas kenaikan premi serta diskon premi.
The Company, in partnership with KB Bank, enhanced Smart
Maxi Assurance service by adding protection period options
up to ages 55 and 60. This life insurance product continues to
offer premium flexibility and 100% sum assured benefits, both
in the event of death and at policy maturity. This enhancement
complements existing protection options previously available
up to ages 75 and 100, with premium features and premium
discounts.
Peluncuran Produk Kritis “SECURE”
Launch of “SECURE” Critical Illness Product 17 Juli / July 2025
Perseroan menghadirkan Smile Critical Ultima Care (SECURE),
produk asuransi penyakit kritis pertama di Indonesia yang
menawarkan perlindungan menyeluruh, mencakup manfaat
saat sakit, meninggal dunia, serta tambahan 100% dari uang
pertanggungan di akhir masa polis.
The Company launched Smile Critical Ultima Care (SECURE),
Indonesia’s first critical illness insurance product to offer
comprehensive protection, including benefits payable upon
illness, death, and an additional 100% of the sum assured at
the end of the policy term.
PT MSIG Life Insurance Indonesia Tbk 16 Laporan Tahunan 2025
Page 19
Peluncuran My Prime Hospital Network
4 Agustus / August 2025 Launch of My Prime Hospital Network
Perseroan meluncurkan My Prime Hospital Network, jaringan
lebih dari 260 rumah sakit rekanan untuk meningkatkan
kualitas rawat inap nasabah melalui fasilitas kemudahan
peningkatan kelas kamar, klaim cashless, serta layanan
pendukung lainnya sesuai ketentuan. Inisiatif ini menegaskan
komitmen Perseroan dalam menyediakan perlindungan yang
komprehensif dan berorientasi pada kualitas layanan.
The Company launched My Prime Hospital Network, a network
of more than 260 partner hospitals aimed at improving
the quality of inpatient services for customers through
facilities, such as room class upgrade options, cashless claim
services, and other supporting services in accordance with
applicable terms. This initiative underscores the Company’s
commitment to providing comprehensive protection with
a strong focus on service quality.
Pemisahan Unit Usaha Syariah dan Perubahan
Anggaran Dasar 23 September / September 2025
Spin-Off of Sharia Business Unit and Amendment to
the Articles of Association
Perseroan melakukan perubahan Pasal 3 Anggaran Dasar
terkait maksud, tujuan, dan kegiatan usaha agar selaras
dengan implementasi Klasifikasi Baku Lapangan Usaha
Indonesia (KBLI) 2020. Sejalan dengan langkah tersebut,
Perseroan juga tengah menjalani proses pemisahan Unit
Usaha Syariah menjadi entitas tersendiri sebagai bagian dari
penguatan struktur dan fokus kegiatan usaha.
The Company amended Article 3 of its Articles of Association
on its purposes, objectives, and business activities to align with
the implementation of the 2020 Indonesian Standard Industrial
Classification (KBLI). In line with this step, the Company is also
undergoing the process of spinning-off the Sharia Business
Unit into a separate entity as part of strengthening the
structure and focus of business activities.
Peluncuran Produk “SALAMAH”
23 Oktober / October 2025 Launch of “SALAMAH” Product
Perseroan menghadirkan Smile Plan Maxima Syariah
(SALAMAH), produk yang memberikan santunan asuransi
100%, baik apabila peserta meninggal dunia maupun hingga
akhir masa perlindungan. SALAMAH dirancang untuk
mendukung berbagai kebutuhan perencanaan keuangan
keluarga, termasuk pendidikan, ibadah, pensiun, warisan,
wakaf, serta kebutuhan jangka menengah lainnya.
The Company introduced Smile Plan Maxima Syariah
(SALAMAH), a product providing 100% insurance benefits,
either upon the participant’s death or at the end of
the protection period. SALAMAH is designed to support
various family financial planning needs, including education,
religious pilgrimage, retirement, inheritance planning, waqf,
and other medium-term financial goals.
2025 Annual Report 17 PT MSIG Life Insurance Indonesia Tbk
Page 20
Paliyan Project: 20 Tahun Restorasi Hutan Paliyan
Paliyan Project: 20 Years of Paliyan Forest 4 Desember / December 2025
Restoration
Perseroan bersama MS&AD Insurance Group Holdings, dengan
dukungan Kementerian Kehutanan Republik Indonesia dan
Universitas Gadjah Mada, memperingati 20 tahun pelaksanaan
Proyek Restorasi Hutan Paliyan. Selama 2 dekade, inisiatif ini
telah berhasil memulihkan 350 ha lahan kritis, menanam lebih
dari 400.000 pohon, serta memberdayakan ratusan keluarga
di sekitar kawasan hutan.
The Company and MS&AD Insurance Group Holdings, with
the support of the Ministry of Forestry of the Republic of
Indonesia and Universitas Gadjah Mada, commemorated
the 20th anniversary of the Paliyan Forest Restoration Project.
Over the past two decades, this initiative has successfully
restored 350 hectares of degraded land, planted more than
400,000 trees, and empowered hundreds of families living
around the forest area.
Penyaluran Bantuan Kemanusiaan bagi
19 Desember / December 2025 Korban Banjir dan Longsor di Medan
Humanitarian Assistance for Flood and
Landslide Victims in Medan
Perseroan bersama ISCO Foundation menyalurkan bantuan
kemanusiaan kepada keluarga dan anak-anak pra-sejahtera
yang terdampak bencana banjir dan longsor di Medan, Sumatra
Utara. Bantuan berupa kebutuhan pokok disalurkan kepada
359 penerima manfaat, termasuk 187 anak, sebagai bentuk
kepedulian Perseroan dalam mendukung proses pemulihan
masyarakat terdampak bencana.
The Company and ISCO Foundation provided humanitarian
assistance to underprivileged families and children affected
by floods and landslides in Medan, North Sumatra. Basic
necessities were distributed to 359 beneficiaries, including
187 children, as a reflection of the Company’s commitment to
supporting community recovery efforts in disaster-affected
areas.
Peresmian 3 Agen Kantor Mandiri
Inauguration of 3 Independent Office Agents 2025
Perseroan meresmikan 3 Agen Kantor Mandiri, yaitu AKM
YDK Group, AKM Smart Believe Team, dan AKM Marvel,
guna memperluas jangkauan layanan dan meningkatkan
aksesibilitas produk asuransi bagi masyarakat.
The Company inaugurated 3 Independent Office Agents,
namely AKM YDK Group, AKM Smart Believe Team, and AKM
Marvel, to expand its service network and enhance public
access to insurance products.
PT MSIG Life Insurance Indonesia Tbk 18 Laporan Tahunan 2025
Page 21
2025 Annual Report 19 PT MSIG Life Insurance Indonesia Tbk
Page 22
Daftar Isi 81
Profil Dewan Pengawas Syariah
Profile of the Sharia Supervisory Board
Profil Direksi
Table of Contents 83
Profile of the Board of Directors
Profil Pengurus Manajemen
92
Profile of the Board of Management
Profil Pejabat Eksekutif
Kilas Kinerja 95
Performance Highlights 22 Profile of Executive Officers
Pelatihan dan/atau Peningkatan Kompetensi Pengurus
Ikhtisar Keuangan Manajemen dan Pejabat Eksekutif
24 105
Financial Highlights Competency-based Training and/or Development Programs
for Board of Management and Executive Officers
Ikhtisar Operasional
26 Informasi Pemegang Saham
Operational Highlights 106
Information on Shareholders
Ikhtisar Saham
26 Komposisi Pemegang Saham yang Memiliki 5% atau Lebih
Share Highlights
107 Saham
Aksi Korporasi dan Aktivitas Perdagangan Saham Composition of Shareholders with 5% or More Shares
27
Corporate Actions and Stock Trading Activities
Komposisi Pemegang Saham Masyarakat dengan
Informasi Obligasi, Sukuk, atau Obligasi Konversi Kepemilikan Saham Masing-Masing Kurang dari 5%
27 108
Information on Bonds, Sukuk, or Convertible Bonds mposition of Public Shareholders with Each Share
Ownership is Less than 5%
Komposisi Kepemilikan Saham Langsung dan Tidak
Langsung Dewan Komisaris, Dewan Pengawas Syariah, dan
Laporan Manajemen
Management Reports 28 108
Direksi di Perseroan
Composition of Direct and Indirect Share Ownership by the
Company’s Board of Commissioners, Sharia Supervisory
Laporan Dewan Komisaris Board, and Board of Directors
30
Board of Commissioners’ Report
Komposisi Kepemilikan Saham berdasarkan Klasifikasi
Laporan Direksi
38 Pemegang Saham
Board of Directors’ Report 109
Composition of Share Ownership based on Classification of
Shareholders
Tanggung Jawab Laporan Tahunan Daftar 5 Pemegang Saham Publik Terbesar
46 110
Annual Report Responsibility List of the 5 Largest Public Shareholders
Struktur Pemegang Saham Utama dan Pengendali
110
Structure of Major and Controlling Shareholders
Profil Perusahaan Informasi Entitas Anak, Perusahaan Asosiasi, dan
Company Profile 48 Perusahaan Ventura
111
Information on Subsidiaries, Associated Companies, and
Identitas Perusahaan Venture Companies
50
Company Identity
Kronologi Pencatatan Saham
Perubahan Signifikan yang Terjadi pada Perusahaan 111
52 Chronology of Share Listing
Significant Changes in the Company
Kronologi Pencatatan Efek Lainnya
Sekilas Perusahaan 111
54 Chronology of Other Securities Listing
Brief Overview of the Company
Informasi Penggunaan Jasa Akuntan Publik dan
Tonggak Sejarah Kantor Akuntan Publik
56 112
Milestones Information on the Use of Public Accountant and
Visi, Misi, dan Nilai-Nilai Perusahaan Public Accounting Firm Services
58
Vision, Mission, and Company Values Lembaga dan Profesi Penunjang Pasar Modal
112
Filosofi Nama dan Logo Perusahaan Capital Market Supporting Institutions and Professions
60
Philosophy of the Company’s Name and Logo Informasi pada Situs Web Perusahaan
113
Tagline Perusahaan Information on the Company’s Website
60
Company Tagline
Keanggotaan pada Asosiasi
61
Association Membership Aspek Pendukung Bisnis
Kegiatan Usaha Business Support Aspects 114
62
Business Activities
Tata Kelola Teknologi Informasi
Produk dan Jasa 116
64 Information Technology Governance
Products and Services
Wilayah Operasional
66
Operational Area
Analisis dan Pembahasan Manajemen
70
Struktur Organisasi per 31 Desember 2025 Management Discussion and Analysis 120
Organizational Structure as of December 31, 2025
Profil Dewan Komisaris Tinjauan Ekonomi
72 122
Profile of the Board of Commissioners Economic Overview
Tinjauan Industri
124
Industrial Overview
PT MSIG Life Insurance Indonesia Tbk 20 Laporan Tahunan 2025
Page 23
Tinjauan Operasional Sistem Pelaporan Pelanggaran
126 243
Operational Overview Whistleblowing System
Aspek Pemasaran Kebijakan Anti-Penyuapan, Korupsi, dan Anti-Fraud
128 245
Marketing Aspect Anti-Bribery, Corruption, and Anti-Fraud Policy
Tinjauan Keuangan Kebijakan Perlakuan Adil terhadap Pemegang Saham dan
130
Financial Overview 247 Insider Trading
Fair Treatment to Shareholders and Insider Trading Policy
Kebijakan Benturan Kepentingan
247
Conflict of Interest Policies
Tata Kelola Perusahaan
Good Corporate Governance 146 248
Rencana Strategis Perusahaan
Company’s Strategic Plan
Komitmen dan Prinsip Penerapan GCG Transparansi Kondisi Keuangan dan Non-Keuangan
148 250
Commitment and Principles of GCG Implementation Transparency of Financial and Non-Financial Conditions
Struktur GCG Penerapan Pedoman Tata Kelola Perusahaan Terbuka
147 250
GCG Structure Implementation of Public Company Governance Guidelines
Penilaian Penerapan GCG
148
Assessment of GCG Implementation
Rapat Umum Pemegang Saham
148
General Meeting of Shareholders Laporan Keberlanjutan
Dewan Komisaris Sustainability Report 256
165
Board of Commissioners
Strategi Keberlanjutan
Dewan Pengawas Syariah 258
173 Sustainability Strategy
Sharia Supervisory Board
Dukungan terhadap SDGs
Direksi 262
176 Support for SDGs
Board of Directors
Visi, Misi, dan Nilai-Nilai Keberlanjutan
Nominasi dan Remunerasi Dewan Komisaris, 264
Sustainability Vision, Mission, and Values
Dewan Pengawas Syariah, dan Direksi
182 Nomination and Remuneration of the Board of Permasalahan terhadap Penerapan Keuangan Berkelanjutan
265
Commissioners, Sharia Supervisory Board, and Board of Problems with the Implementation of Sustainable Finance
Directors
Ikhtisar Keberlanjutan
Pelatihan dan/atau Peningkatan Kompetensi 266
Sustainability Highlights
Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi
186 Competency Training and/or Development for the Board Penjelasan Presiden Direktur
268
of Commissioners, Sharia Supervisory Board, and Board of Message from the President Director
Directors Tata Kelola Keberlanjutan
273
Hubungan Afiliasi Dewan Komisaris, Dewan Pengawas Sustainability Governance
Syariah, dan Direksi Keberlanjutan Aspek Ekonomi
190 277
Affiliations of the Board of Commissioners, Sharia Economic Sustainability
Supervisory Board, and Board of Directors
Keberlanjutan Aspek Sosial
Keberagaman Manajemen dan Independensi 279
190 Social Sustainability
Management Diversity and Independence
Keberlanjutan Aspek Lingkungan Hidup
Komite Pendukung Dewan Komisaris 298
191 Environmental Sustainability
Board of Commissioners’ Supporting Committee
Komite Pendukung Direksi
206
Board of Directors’ Supporting Committee
Organ Pendukung Direksi Verifikasi Tertulis dari Pihak Independen
219 302
Board of Directors’ Supporting Organs Written Verification from Independent Party
Sistem Pengendalian Internal Tanggapan terhadap Umpan Balik
228
Internal Control System Laporan Keberlanjutan Tahun Sebelumnya
302
Sistem Manajemen Risiko Response to Feedback on
230
Risk Management System Previous Year’s Sustainability Report
Auditor Eksternal Lembar Umpan Balik
235 303
External Auditor Feedback Form
Perkara Hukum Signifikan Daftar Pengungkapan Sesuai Peraturan Otoritas
236
Significant Legal Cases Jasa Keuangan No. 51/POJK.03/2017
305
List of Disclosures According to Financial Services
Sanksi Administratif
239 Authority Regulation No. 51/POJK.03/2017
Administrative Sanctions
Daftar Pengungkapan Indeks Referensi
Kode Etik
239 308 Kriteria ESG-IDXNet
Code of Ethics
Disclosures List of ESG-IDXNet Criteria Reference Index
Program Kepemilikan Saham oleh Manajemen dan/atau
241 Karyawan
Share Ownership Program for Management and/or Employees
Kebijakan Pengungkapan Informasi Laporan Keuangan
242
Information Disclosure Policy Financial Statements 310
2025 Annual Report 21 PT MSIG Life Insurance Indonesia Tbk
Page 24
KILAS KINERJA
Performance Highlights
PT MSIG Life Insurance Indonesia Tbk 22 Laporan Tahunan 2025
Page 25
2025 Annual Report 23 PT MSIG Life Insurance Indonesia Tbk
Page 26
Kilas Kinerja
Performance Highlights
Ikhtisar Keuangan
Financial Highlights
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Uraian 2025 2024* 2023* Description
Laporan Posisi Keuangan Statement of Financial Position
Total Aset Keuangan 15.303.541 13.779.657 14.169.240 Total Financial Assets
Total Aset Non-Keuangan 567.661 592.800 622.663 Total Non-Financial Assets
Total Aset 15.871.202 14.372.457 14.791.903 Total Assets
Total Liabilitas Keuangan 381.986 236.010 288.449 Total Financial Liability
Total Liabilitas Non-Keuangan 6.785.519 5.535.888 6.093.546 Total Non-Financial Liability
Total Liabilitas 7.167.505 5.771.898 6.381.995 Total Liability
Dana Peserta 193.306 184.595 240.831 Participants’ Fund
Total Ekuitas 8.510.391 8.415.964 8.169.077 Total Equity
Total Liabilitas, Dana Peserta, Total Liability, Participants’ Fund,
15.871.202 14.372.457 14.791.903
dan Ekuitas and Equity
* Disajikan kembali. / Restated.
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Uraian 2025 2024* 2023** Description
Laporan Laba Rugi dan Penghasilan Statements of Profit or Loss and
Komprehensif Lain Other Comprehensive Income
Total Pendapatan1) 3.117.750 2.333.996 3.495.887 Total Income1)
Total Beban1) (2.836.143) (1.891.559) 3.296.776 Total Expenses1)
Laba Sebelum Beban Pajak Final dan Income Before Final Tax and Income Tax
281.607 442.437 199.111
Pajak Penghasilan Expenses
Pajak Final (75.379) (73.301) (71.608) Final Tax
Laba Sebelum Pajak Penghasilan 206.228 369.136 127.503 Income Before Income Tax Expense
Manfaat (Beban) Pajak Penghasilan - 2.553 (1.015) Income (Expense) Tax Benefit
Laba Tahun Berjalan yang Diatribusikan
206.228 371.689 126.488 Income for the Year Attributable to:
kepada:
Pemilik Entitas Induk - - - Owner of the Parent Entity
Kepentingan Non-Pengendali - - - Non-Controlling Interests
Penghasilan (Rugi) Komprehensif Lain, Other Comprehensive Income (Loss),
217.920 (50.133) 47.046
Setelah Pajak Net of Taxes
Total Penghasilan Komprehensif Tahun Total Comprehensive Income for the
424.148 321.556 173.534
Berjalan yang Diatribusikan kepada: Year Attributable to:
Pemilik Entitas Induk - - - Owner of the Parent Entity
Kepentingan Non-Pengendali - - - Non-Controlling Interests
Laba per Saham Dasar (Nilai Penuh) 98 177 60 Basic Earnings per Share (Full Amount)
Laporan Arus Kas Statements of Cash Flows
Arus Kas Neto Diperoleh dari (Digunakan Net Cash Flows Provided by (Used in)
515.501 (603.929) (875.047)
untuk) Aktivitas Operasi Operating Activities
Arus Kas Neto Diperoleh dari Net Cash Flows Provided by
157.944 576.954 674.417
Aktivitas Investasi Investing Activities
Arus Kas Digunakan untuk
(344.916) (89.259) (382.441) Cash Flows Used in Financing Activities
Aktivitas Pendanaan
Rasio Keuangan (%) Financial Ratio (%)
Rasio Laba Tahun Berjalan terhadap
1,30 2,59 0,83 Return on Assets Ratio
Total Aset
Rasio Laba Tahun Berjalan terhadap
2,42 4,42 1,67 Return on Equity Ratio
Total Ekuitas
PT MSIG Life Insurance Indonesia Tbk 24 Laporan Tahunan 2025
Page 27
Kilas Kinerja
Performance Highlights
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Uraian 2025 2024* 2023** Description
Rasio Laba Tahun Berjalan terhadap
6,61 15,93 3,62 Return on Income Ratio
Pendapatan
Rasio Lancar 158,41 623,32 165,17 Current Ratio
Rasio Liabilitas terhadap Total Ekuitas 84,22 68,58 99,61 Debt to Equity Ratio
Rasio Liabilitas terhadap Total Aset 45,16 40,16 49,90 Debt to Assets Ratio
Rasio Solvabilitas Solvency Ratio
Konvensional 1.357,66 1.825,19 2.011,51 Conventional
Syariah 246,19 120,00 2)
120,00 2)
Sharia
1)
Penyajian tahun 2024 dan 2025 mengikuti akun PSAK 104 dengan penyesuaian berdasarkan pada ketentuan IFRS 17. Pendapatan terdiri dari Pendapatan Asuransi,
Pendapatan Ujrah, Pendapatan Investasi - Neto, dan Pendapatan Lain-Lain. Adapun Beban berasal dari Beban Jasa Asuransi, Beban Bersih dari Kontrak Reasuransi yang
Dimiliki, Penyisihan Kerugian Penurunan Nilai, Beban Keuangan dari Kontrak Asuransi, Beban Umum dan Administrasi, dan Beban Lain-lain. / Presentation for 2024 and
2025 follows PSAK 104 accounts with adjustments based on the provisions of IFRS 17. Revenue consists of Insurance Revenue , Ujrah Income, Investment Income - Net, and
Other Income. Expenses come from Insurance Service Expenses, Net Expenses from Reinsurance Contracts Held, Provision for Impairment Losses, Financial Expenses from
Insurance Contracts, General and Administrative Expenses, and Other Expenses.
2)
Rasio tingkat solvabilitas telah memperhitungkan Qardh yang diperhitungkan sebagai penambah aset yang diperkenankan Dana Tabarru. / The solvency level ratio has
taken into account Qardh, which is considered an allowable asset addition to the Tabarru Fund.
* Disajikan kembali. / Restated.
** Pelaporan masih menggunakan PSAK 104. / The reporting still uses PSAK 104.
Keterangan / Note:
Angka (nilai) yang disajikan dalam tabel di atas diambil dari Laporan Keuangan Audited yang disusun berdasarkan Standar Akuntansi Keuangan. / The numbers (values)
presented in the table above are taken from the Audited Financial Statements prepared based on Financial Accounting Standards.
Aset Liabilitas Ekuitas
Assets Liability Equity
(jutaan Rupiah / million Rupiah) (jutaan Rupiah / million Rupiah) (jutaan Rupiah / million Rupiah)
15.871.202
7.167.505 8.415.964 8.510.391
6.381.995
5.771.898 8.169.077
14.791.903
14.372.457
2023 2024 2025 2023 2024 2025 2023 2024 2025
Dana Peserta Pendapatan Laba Tahun Berjalan
Participants’ Fund Income Income for the Year
(jutaan Rupiah / million Rupiah) (jutaan Rupiah / million Rupiah) (jutaan Rupiah / million Rupiah)
240.831 3.495.887 371.689
3.117.750
184.595 193.306
2.333.996
206.228
126.488
2023 2024 2025 2023 2024 2025 2023 2024 2025
2025 Annual Report 25 PT MSIG Life Insurance Indonesia Tbk
Page 28
Kilas Kinerja
Performance Highlights
Ikhtisar Operasional
Operational Highlights
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Uraian 2025 2024* Description
Kontrak Asuransi Kesehatan 951.086 650.189 Health Insurance Contract
Kontrak Asuransi Unit Link 308.616 268.971 Unit Link Insurance Contract
Kontrak Asuransi Tradisional 472.698 382.380 Traditional Insurance Contracts
Kontrak Asuransi Mortgage Redemption Mortgage Redemption Insurance (MRI)
236.426 252.707
Insurance (MRI) Insurance Contract
Total Pendapatan Asuransi 1)
1.968.826 1.554.247 Total Insurance Income1)
1)
Disajikan berdasarkan PSAK 117. / Presented based on PSAK 117.
* Disajikan kembali. / Restated.
Ikhtisar Saham
Share Highlights
Harga Harga Harga Volume Jumlah Saham
Kapitalisasi Pasar
Tertinggi Terendah Penutupan Perdagangan yang Beredar
Periode Market
Highest Lowest Closing (Lembar Saham) (Lembar Saham)
Period Capitalization
Price Price Price Trading Volume Number of Shares Issued
(Rp)
(Rp) (Rp) (Rp) (Shares) (Shares)
2025
Triwulan I
7.500 4.990 6.850 117.000 2.100.000.000 14.385.000.000.000
Quarter I
Triwulan II
7.300 5.900 6.475 999.800 2.100.000.000 13.597.500.000.000
Quarter II
Triwulan III
17.100 6.225 9.275 1.160.400 2.100.000.000 19.477.500.000.000
Quarter III
Triwulan IV
13.150 7.500 7.650 1.137.500 2.100.000.000 16.065.000.000.000
Quarter IV
2024
Triwulan I
6.050 6.000 6.000 992.100 2.100.000.000 12.600.000.000.000
Quarter I
Triwulan II
6.050 6.000 6.050 313.100 2.100.000.000 12.705.000.000.000
Quarter II
Triwulan III
11.600 4.610 8.275 301.100 2.100.000.000 17.377.500.000.000
Quarter III
Triwulan IV
10.000 6.125 7.250 757.400 2.100.000.000 15.225.000.000.000
Quarter IV
PT MSIG Life Insurance Indonesia Tbk 26 Laporan Tahunan 2025
Page 29
Kilas Kinerja
Performance Highlights
Volume Perdagangan (Lembar Saham) Harga Penutupan (Rp)
Trading Volume (Shares) Closing Price (Rp)
200.000 18.000
180.000
16.000
160.000
Volume Perdagangan (Lembar Saham)
140.000 14.000
Trading Volume (Shares)
Harga Penutupan (Rp)
Closing Price (Rp)
120.000
12.000
100.000
10.000
80.000
60.000 8.000
40.000
6.000
20.000
0 4.000
r r i Jul l s v s r r i Jul l s v s
Jann Febb Ma r Ap r Me y Junn Ag g Sepp
t
Ok t No v De c Jann Febb Ma r Ap r Me y Junn Ag g Sepp
t
Ok t No v De c
Ja Fe Ma Ap Ma Ju Ju Au Se Oc No De Ja Fe Ma Ap Ma Ju Ju Au Se Oc No De
2024 2025
Aksi Korporasi dan Aktivitas Perdagangan Saham
Corporate Actions and Stock Trading Activities
Sepanjang tahun 2025, Perseroan tidak melakukan pemecahan Throughout 2025, the Company did not conduct any stock
saham, penggabungan saham, dividen saham, saham bonus, split, reverse stock, share dividend, bonus share issuance,
perubahan nilai nominal saham, penerbitan efek konversi, serta changes in the nominal value of shares, issuances of
penambahan atau pengurangan modal. Perseroan juga tidak convertible securities, as well as capital increase or decrease.
menerima sanksi penghentian sementara perdagangan saham The Company also did not receive any sanctions in the form of
dan/atau pembatalan pencatatan saham dari Bursa Efek Indonesia. suspension and/or delisting from Indonesia Stock Exchange.
Informasi Obligasi, Sukuk, atau Obligasi Konversi
Information on Bonds, Sukuk, or Convertible Bonds
Perseroan tidak menerbitkan obligasi, sukuk, maupun obligasi The Company did not issue bonds, sukuk, or convertible bonds
konversi pada tahun 2025. in 2025.
2025 Annual Report 27 PT MSIG Life Insurance Indonesia Tbk
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LAPORAN
MANAJEMEN
Management Reports
PT MSIG Life Insurance Indonesia Tbk 28 Laporan Tahunan 2025
Page 31
2025 Annual Report 29 PT MSIG Life Insurance Indonesia Tbk
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Laporan Manajemen
Management Reports
Laporan
Dewan Komisaris
Board of Commissioners’ Report
Para Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,
Perkembangan ekonomi global dan dinamika industri Global economic developments and industry dynamics
sepanjang tahun 2025 membentuk lingkungan usaha yang throughout 2025 created an increasingly complex business
semakin kompleks dan menuntut ketahanan organisasi yang environment and demanded strong organizational resilience.
kuat. Ketidakpastian kebijakan global, perubahan preferensi Ongoing global policy uncertainty, shifting market preferences,
pasar, serta peningkatan risiko pada industri asuransi, and rising risks in the insurance industry, particularly related
khususnya terkait klaim kesehatan dan volatilitas investasi, to health claims and investment volatility, require continuous
menjadi faktor yang memerlukan perhatian berkelanjutan. attention. In this situation, the Board of Commissioners of
Dalam situasi tersebut, Dewan Komisaris PT MSIG Life PT MSIG Life Insurance Indonesia Tbk actively strengthened
Insurance Indonesia Tbk terus memperkuat fungsi pengawasan its supervisory function to ensure that management remained
secara aktif dan terarah guna memastikan bahwa pengelolaan within sound business parameters. This approach was
tetap berada dalam koridor usaha yang memadai. Pendekatan essential to maintain performance continuity while ensuring
ini menjadi penting untuk menjaga kesinambungan kinerja that the Company’s strategic direction remained relevant to
sekaligus memastikan bahwa arah strategis Perseroan tetap evolving conditions.
relevan dengan perkembangan yang terjadi.
Bersama ini, kami menyampaikan hasil pelaksanaan fungsi Accordingly, we would like to present the results of our
pengawasan terhadap penerapan kebijakan dan strategi supervisory function regarding the implementation of
Perseroan dalam bentuk Laporan Dewan Komisaris untuk the Company’s policies and strategies in the form of
tahun buku yang berakhir pada tanggal 31 Desember 2025 the Board of Commissioners’ Report for the fiscal year ending
sebagai bentuk pertanggungjawaban yang sah kepada para December 31, 2025, as a formal accountability to stakeholders.
pemangku kepentingan.
Kondisi Makroekonomi dan Industri Macroeconomic and Insurance Industry
Asuransi Tahun 2025 Conditions in 2025
Perekonomian global pada tahun 2025 masih berada dalam The global economy in 2025 remained relatively resilient,
fase yang relatif resilien, meskipun tetap dibayangi oleh although still overshadowed by policy uncertainty and financial
ketidakpastian kebijakan dan volatilitas pasar keuangan. market volatility. Sustained growth and easing inflationary
Pertumbuhan yang tetap terjaga serta tekanan inflasi yang pressures provided room for recovery in purchasing power
mulai mereda memberikan ruang bagi pemulihan daya beli dan and economic stability, though global interest rate trends
stabilitas aktivitas ekonomi, namun arah suku bunga global continued to influence investment performance and long‑term
tetap menjadi faktor yang memengaruhi kinerja investasi dan financial preferences.
preferensi masyarakat dalam mengelola keuangan jangka
panjang.
Di tengah kondisi tersebut, perekonomian Indonesia tetap Amid these conditions, Indonesia’s economy remained
berada dalam jalur yang stabil dan resilien, dengan fondasi stable and resilient, supported by sufficiently strong
domestik yang cukup kuat untuk menopang aktivitas usaha domestic fundamentals that sustained business activity
dan konsumsi masyarakat. Pertumbuhan ekonomi yang and household consumption. Sustained economic growth,
terjaga, inflasi yang terkendali, serta kuatnya konsumsi controlled inflation, and strong household consumption and
PT MSIG Life Insurance Indonesia Tbk 30 Laporan Tahunan 2025
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Laporan Manajemen
Management Reports
Indra
Widjaja
Presiden Komisaris
President Commissioner
2025 Annual Report 31 PT MSIG Life Insurance Indonesia Tbk
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Laporan Manajemen
Management Reports
rumah tangga dan aktivitas sektor riil memberikan dukungan real sector activity have supported purchasing power and
terhadap daya beli dan kemampuan masyarakat dalam strengthened the public’s capacity to undertake long-term
melakukan perencanaan keuangan jangka panjang. Pada saat financial planning. At the same time, capital market gains and
yang sama, penguatan pasar modal dan peningkatan realisasi rising national investment broadened growth opportunities
investasi nasional turut memperluas ruang pertumbuhan for financial services, including insurance, through stronger
bagi industri jasa keuangan, termasuk asuransi, baik melalui investment performance and increased demand for relevant
penguatan kinerja investasi maupun meningkatnya kebutuhan and sustainable protection solutions.
atas solusi perlindungan yang relevan dan berkelanjutan.
Sejalan dengan perkembangan tersebut, fundamental industri In line with these developments, the fundamentals of
asuransi nasional tetap menunjukkan kondisi yang relatif the national insurance industry remain relatively stable.
terjaga. Premi sektor komersial masih tumbuh secara terbatas, Commercial sector premiums grew modestly, with life
dengan porsi terbesar secara nominal tetap berasal dari insurance continuing to dominate in nominal terms. Asset
segmen asuransi jiwa. Pertumbuhan aset dan investasi lebih and investment growth outpaced liability growth, indicating
tinggi dibandingkan pertumbuhan liabilitas, menunjukkan that the industry’s capital base has generally remained
bahwa basis permodalan industri secara umum tetap terjaga. sound. Similarly, the protection function of the life insurance
Demikian pula fungsi proteksi industri asuransi jiwa tetap baik, industry has remained strong, as reflected in the increase in
sebagaimana terlihat dari peningkatan jumlah tertanggung the number of insured individuals, which signals an expansion
yang menandakan perluasan jangkauan perlindungan, in coverage, as well as the substantial claims and benefit
serta besarnya pembayaran klaim dan manfaat yang payments that underscore the industry’s capacity to fulfill its
menegaskan kapasitas industri dalam memenuhi komitmen commitments to policyholders. On the other hand, the decline
kepada pemegang polis. Di sisi lain, penurunan klaim tebus in surrender claims reflects improved policy retention and
mencerminkan membaiknya retensi polis dan kecenderungan a growing tendency among customers to maintain long-
nasabah untuk mempertahankan perlindungan jangka term protection, thereby supporting portfolio stability and
panjang, sehingga mendukung stabilitas portofolio dan the industry’s sustainable growth.
keberlanjutan pertumbuhan industri.
Penilaian terhadap Kinerja Direksi Assessment of the Board of Directors’
Performance
Kinerja Direksi dalam mengelola Perseroan sepanjang tahun The Board of Directors’ performance throughout 2025
2025 dinilai telah menunjukkan upaya yang konsisten dalam demonstrated consistent efforts to sustain business
menjaga keberlangsungan usaha di tengah dinamika industri continuity amid challenging industry dynamics. Revenue
yang menantang. Pertumbuhan pendapatan sebesar 33,58% growth of 33.58% to Rp3.12 trillion reflects a stable customer
menjadi Rp3,12 triliun mencerminkan terjaganya basis base and effective business management, though realization
nasabah dan efektivitas pengelolaan bisnis, meskipun realisasi against targets requires further attention. Meanwhile, profit
terhadap target masih memerlukan perhatian lebih lanjut. was recorded at Rp206.23 billion, or 41.18% of the set target,
Di sisi lain, laba tercatat sebesar Rp206,23 miliar atau driven by increased operating expenses, particularly related
mencapai 41,18% dari target yang ditetapkan, dipengaruhi to rising claims and medical inflation pressures. Overall, the
oleh peningkatan beban usaha, khususnya terkait kenaikan Company's operations demonstrated growth, with total
klaim dan tekanan inflasi medis. Secara keseluruhan, insurance revenues increasing 26.67%, from Rp1.55 trillion
operasional Perseroan menunjukkan pertumbuhan, dengan to Rp1.97 trillion. This demonstrates the Board of Directors'
total pendapatan asuransi yang naik 26,67%, dari Rp1,55 success in maintaining the Company's performance under
triliun menjadi Rp1,97 triliun. Hal tersebut menunjukkan control amidst the fluctuating industry dynamics
keberhasilan Direksi dalam menjaga kinerja Perseroan tetap
berada dalam kondisi yang terkendali di tengah dinamika
industri yang fluktuatif.
Dari aspek posisi keuangan, Direksi dinilai mampu menjaga From a financial position perspective, the Board of Directors is
struktur permodalan dan tingkat solvabilitas pada level considered to have maintained a very sound capital structure
yang sangat memadai. Hal ini tercermin dari total aset yang and solvency level. This is reflected in total assets, which
meningkat menjadi Rp15,87 triliun atau melampaui target increased to Rp15.87 trillion, exceeding the target with
dengan capaian 103,21%, serta rasio Risk Based Capital (RBC) an achievement of 103.21%, as well as in the Risk Based Capital
yang tetap berada di atas 1.000%, jauh di atas ketentuan (RBC) ratio, which remained above 1,000%, significantly
minimum regulator. Adapun peningkatan liabilitas menjadi higher than the regulatory minimum requirement. Meanwhile,
PT MSIG Life Insurance Indonesia Tbk 32 Laporan Tahunan 2025
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Laporan Manajemen
Management Reports
Rp7,17 triliun dipandang selaras dengan pertumbuhan the increase in liabilities to Rp7.17 trillion is aligned with
aktivitas usaha dan kewajiban kontraktual, sehingga the growth in business activities and contractual obligations
masih berada dalam koridor pengelolaan yang wajar. and therefore remains within a prudent management corridor.
Di sisi operasional, berbagai inisiatif strategis, termasuk In terms of operations, various strategic initiatives, including
pengembangan kanal distribusi, inovasi produk, serta the development of distribution channels, product innovation,
kemajuan pemisahan unit usaha syariah, menunjukkan arah and progress in the spin-off of the sharia business unit,
pengelolaan yang sejalan dengan strategi jangka menengah demonstrate a management direction that is consistent with
dan panjang Perseroan. the Company’s medium- and long-term strategies.
Dalam merespons tantangan, Direksi juga dinilai telah In responding to challenges, the Board of Directors is
mengambil langkah yang tepat melalui penguatan also considered to have taken appropriate measures by
manajemen risiko, peningkatan kualitas underwriting dan strengthening risk management, improving underwriting
pengelolaan klaim, serta pengembangan kapabilitas digital quality and claims management, and developing digital
untuk mendukung efisiensi operasional dan kualitas layanan. capabilities to support operational efficiency and service
Upaya tersebut dilengkapi dengan penguatan kompetensi quality. These efforts have been complemented by
sumber daya manusia sebagai bagian dari fondasi organisasi the enhancement of human capital competencies as
yang adaptif. Dewan Komisaris memandang bahwa berbagai part of building an adaptive organizational foundation.
langkah yang ditempuh telah mencerminkan komitmen The Board of Commissioners views that various measures
Direksi dalam menjaga keseimbangan antara pertumbuhan undertaken reflect the Board of Directors’ commitment
usaha dan kualitas bisnis, serta mendukung arah transformasi to maintaining a balance between business growth and
yang berkelanjutan. business quality, while supporting the direction of sustainable
transformation.
Pengawasan terhadap Implementasi Oversight of Strategy Implementation
Strategi
Pengawasan Dewan Komisaris sepanjang tahun 2025 The Board of Commissioners’ oversight throughout 2025
difokuskan pada sejumlah isu strategis yang memengaruhi focused on several strategic issues affecting the formulation
arah perumusan dan implementasi strategi Perseroan. Tekanan and implementation of the Company’s strategy. Pressures
pada industri asuransi jiwa, perubahan regulasi dan kebijakan within the life insurance industry, changes in regulations and
ekonomi, serta dinamika kebijakan negara maju, turut menjadi economic policies, as well as policy dynamics in developed
fokus pengawasan. Dalam merespons hal tersebut, Dewan countries, were key areas of attention. In response to these
Komisaris secara aktif memberikan arahan agar pertumbuhan conditions, the Board of Commissioners actively provided
usaha tetap didasarkan pada kualitas portofolio bisnis yang guidance to ensure that business growth remains grounded
sehat, tidak hanya berorientasi pada peningkatan premi dan in the quality of a sound business portfolio, rather than
profitabilitas. Rekomendasi ini telah ditindaklanjuti Direksi, being solely oriented toward increasing premiums and
antara lain melalui penguatan strategi bisnis dan kemajuan profitability. These recommendations have been followed
dalam proses pemisahan unit usaha syariah sebagai bagian dari up by the Board of Directors, among others, through
upaya memperluas kapasitas pertumbuhan di masa depan. Di the strengthening of business strategies and progress in the
sisi keuangan, Dewan Komisaris mendorong pengelolaan sharia business unit spin-off process as part of efforts to
yang lebih berkelanjutan, yang tercermin dari upaya Direksi expand future growth capacity. From a financial perspective,
dalam menjaga profitabilitas melalui pengelolaan klaim yang the Board of Commissioners has encouraged more sustainable
lebih mendalam serta efisiensi pada pos biaya yang kurang management practices, as reflected in the Board of Directors’
produktif. efforts to maintain profitability through more rigorous claims
management and improved efficiency in less productive cost
components.
Lebih lanjut, Dewan Komisaris juga menekankan pentingnya Furthermore, the Board of Commissioners has emphasized
penguatan kapabilitas operasional dan tata kelola sebagai the importance of strengthening operational capabilities and
bagian dari implementasi strategi Perseroan. Hal ini direspons governance as part of the Company’s strategy implementation.
melalui pengembangan ekosistem digital yang mendukung This has been addressed by developing a digital ecosystem
keandalan operasional dan kualitas layanan kepada nasabah, that supports operational reliability and customer service
serta peningkatan kompetensi sumber daya manusia yang quality, as well as enhancing human capital competencies
selaras dengan ketentuan regulator. Pada saat yang sama, in line with regulatory requirements. Simultaneously,
penguatan fungsi pengendalian internal dan manajemen the strengthening of internal control functions and risk
2025 Annual Report 33 PT MSIG Life Insurance Indonesia Tbk
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Laporan Manajemen
Management Reports
risiko terus dilakukan guna memastikan bahwa setiap langkah management continues to be carried out to ensure that every
strategis dijalankan dalam kerangka tata kelola yang baik. strategic initiative is implemented within a sound governance
Secara keseluruhan, Dewan Komisaris menilai bahwa Direksi framework. Overall, the Board of Commissioners considers
telah menindaklanjuti berbagai arahan secara memadai, that the Board of Directors has adequately followed up on
sehingga strategi Perseroan dapat diimplementasikan secara the various directives, enabling the Company’s strategy to be
terarah dan adaptif di tengah dinamika yang berkembang. implemented in a focused and adaptive manner amid evolving
dynamics.
Frekuensi dan Cara Pemberian Nasihat Frequency and Methods of Providing
Advice
Pemberian nasihat kepada Direksi dilakukan secara berkala Advice to the Board of Directors is provided regularly through
melalui rapat gabungan antara Dewan Komisaris dan Direksi joint meetings between the Board of Commissioners and
yang menjadi forum utama dalam membahas perkembangan Board of Directors, which serve as the primary forum for
kinerja, isu strategis, serta arah kebijakan Perseroan. Melalui discussing performance developments, strategic issues, and
forum tersebut, Dewan Komisaris menyampaikan pandangan the Company’s policy direction. Through this forum, the Board
dan rekomendasi secara konstruktif guna memastikan setiap of Commissioners conveys its insights and recommendations
keputusan yang diambil tetap selaras dengan prinsip kehati- constructively to ensure that every decision taken remains
hatian, kerangka tata kelola, serta tujuan jangka panjang aligned with the principles of prudence, the governance
Perseroan. Di luar forum formal tersebut, komunikasi juga framework, and the Company’s long-term objectives.
dilakukan secara lebih fleksibel melalui diskusi langsung Outside formal forums, communication is also carried
maupun pemanfaatan saluran elektronik, sehingga out more flexibly through direct discussions and the use
memungkinkan penyampaian masukan secara tepat waktu dan of electronic communication channels, thereby enabling
responsif terhadap dinamika yang berkembang. Pendekatan the timely delivery of input and a responsive approach to
ini mendukung terciptanya komunikasi yang efektif dan evolving dynamics. This approach supports the establishment
berkesinambungan antara Dewan Komisaris dan Direksi dalam of effective and continuous communication between the
menjalankan pengelolaan Perseroan. Board of Commissioners and Board of Directors in managing
the Company.
Pandangan terhadap Penerapan Tata Views on the Implementation of Good and
Kelola Perusahaan yang Baik dan Sustainable Corporate Governance
Berkelanjutan
Penerapan tata kelola Perseroan sepanjang tahun 2025 The implementation of the Company’s governance throughout
dinilai telah berjalan secara memadai, baik dari sisi penguatan 2025 was considered adequate, both in strengthening
kerangka kebijakan maupun implementasinya dalam kegiatan the policy framework and in its implementation across
operasional. Penyempurnaan proses internal, termasuk operational activities. Improvements to internal process,
penataan kebijakan dan mekanisme persetujuan, dipandang including the refinement of policies and approval mechanism,
telah memberikan kejelasan kewenangan serta mendukung have provided greater clarity of authority, strengthened
efektivitas pengambilan keputusan dan penguatan decision-making effectiveness, and reinforced a culture of
budaya kepatuhan di seluruh lini organisasi. Dalam aspek compliance across all organizational levels. With respect
pengendalian internal dan manajemen risiko, Dewan Komisaris to internal control and risk management, the Board of
melakukan pengawasan secara berkala melalui penelaahan Commissioners conducted periodic oversight through reviews
profil risiko, hasil audit internal, tingkat kepatuhan, serta of the risk profile, internal audit results, compliance levels,
tindak lanjut atas rekomendasi perbaikan. Penilaian tersebut and follow-up actions on recommendations for improvement.
mempertimbangkan kesesuaian terhadap risk appetite, Such assessments considered alignment with the risk
kecukupan kebijakan, serta efektivitas mitigasi risiko. appetite, the adequacy of policies, and the effectiveness of
risk mitigation measures.
Sejalan dengan hal tersebut, pemanfaatan digitalisasi dalam Consistent with these efforts, the use of digitalization
proses bisnis dipandang telah memberikan kontribusi positif in business process is considered to have contributed to
dalam meningkatkan akurasi, konsistensi, dan efektivitas improved accuracy, consistency, and oversight effectiveness.
pengawasan. Implementasi PSAK 117 yang berjalan sesuai The implementation of PSAK 117 in accordance with the
rencana serta perolehan sertifikasi Corporate Governance established plan, as well as the attainment of the Corporate
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Perception Index (CGPI) kategori “Trusted” menunjukkan Governance Perception Index (CGPI) certification under the
komitmen Perseroan dalam menjaga kualitas tata kelola dan “Trusted” category, demonstrates the Company’s commitment
manajemen risiko. Dewan Komisaris juga menilai bahwa budaya to maintaining the quality of governance and risk management.
kerja yang berlandaskan nilai-nilai Perseroan tetap terjaga The Board of Commissioners also assessed that the work
dengan baik, tercermin dari tingkat keterikatan karyawan culture grounded in the Company’s core values has remained
yang konsisten berada pada level yang kuat. Sepanjang tahun well maintained, as reflected in employee engagement levels
pelaporan, Dewan Komisaris tidak mengidentifikasi adanya that have consistently remained strong. Throughout the
benturan kepentingan maupun transaksi material yang reporting year, the Board of Commissioners did not identify
memerlukan perhatian khusus. any conflicts of interest or material transactions requiring
special attention.
Penilaian Kinerja Komite Pendukung Performance Assessment of the Board of
Dewan Komisaris Commissioners’ Supporting Committees
Penilaian terhadap kinerja komite pendukung Dewan The performance assessment of the committees supporting
Komisaris dilakukan secara berkala sebagai bagian dari the Board of Commissioners is conducted periodically as part
pelaksanaan fungsi pengawasan. Proses tersebut didasarkan of the execution of the oversight function. The process is
pada laporan pelaksanaan tugas masing-masing komite based on reports on the implementation of each committee’s
sepanjang tahun serta pemantauan langsung atas efektivitas duties throughout the year, as well as direct monitoring of
kinerja. Penilaian mencakup pencapaian target, kepatuhan performance effectiveness. The assessment covers target
terhadap ketentuan yang berlaku, serta identifikasi area achievement, compliance with applicable regulations, and
yang memerlukan penyempurnaan. Selain itu, evaluasi juga identification of areas requiring improvement. In addition,
mempertimbangkan efektivitas pelaksanaan tugas dan the evaluation also considers the effectiveness of the execution
tanggung jawab, tingkat kehadiran dan partisipasi dalam rapat, of duties and responsibilities, attendance and participation
serta kualitas rekomendasi yang disampaikan. Berdasarkan levels in meetings, and the quality of recommendations
hasil penilaian tahun 2025, Dewan Komisaris menilai bahwa provided. Based on the 2025 assessment results, the Board
Komite Audit, Komite Pemantau Risiko, Komite Kebijakan Tata of Commissioners concluded that the Audit Committee,
Kelola Perusahaan, serta Komite Nominasi dan Remunerasi Risk Monitoring Committee, Corporate Governance Policy
telah menjalankan masing-masing perannya secara efektif dan Committee, and Nomination and Remuneration Committee
profesional. have performed their respective roles effectively and
professionally.
Pandangan atas Prospek Usaha Views on Business Prospects
Dewan Komisaris menilai bahwa prospek usaha Perseroan The Board of Commissioners assesses that the Company’s
pada tahun 2026 masih didukung oleh fundamental domestik business prospects in 2026 will continue to be supported
yang relatif solid serta peluang pertumbuhan industri asuransi by relatively solid domestic fundamentals, as well as
yang tetap terbuka. Namun demikian, dinamika persaingan, the ongoing growth opportunities within the insurance
tekanan biaya klaim, dan fluktuasi pasar keuangan menuntut industry. Nevertheless, intensifying competition, pressure
Perseroan untuk tetap mengedepankan prinsip kehati-hatian, from claims costs, and fluctuations in financial markets
penguatan tata kelola, serta disiplin dalam pengelolaan risiko require the Company to consistently uphold prudential
dan investasi. Oleh karena itu, Dewan Komisaris memandang principles, strengthen governance, and maintain discipline
bahwa keberlanjutan kinerja ke depan akan sangat ditentukan in risk and investment management. Accordingly, the Board
oleh kemampuan Perseroan dalam menjaga kualitas of Commissioners believes that the sustainability of future
pertumbuhan, memperkuat ketahanan operasional, dan performance will be largely determined by the Company’s
memastikan setiap langkah strategis tetap selaras dengan ability to maintain the quality of its growth, enhance
kepentingan jangka panjang para pemangku kepentingan. operational resilience, and ensure that every strategic
initiative remains aligned with the long-term interests of
stakeholders.
Sejalan dengan hal tersebut, Dewan Komisaris memandang From this standpoint, the Board of Commissioners considers
bahwa arah strategis yang ditetapkan Direksi telah berada that the strategic direction established by the Board of
pada jalur yang tepat, khususnya dalam mendorong Directors is on the right track, particularly in promoting
pertumbuhan yang lebih berkualitas dan berkelanjutan. more sustainable and higher-quality growth. Several
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Adapun beberapa inisiatif strategis yang dinilai perlu terus strategic initiatives identified as requiring continued
diperkuat, antara lain diversifikasi bauran produk dengan reinforcement include diversifying the product mix by
meningkatkan kontribusi produk proteksi dan kesehatan, increasing the contribution of protection and health products,
penempatan portofolio investasi secara lebih selektif pada allocating investment portfolios more selectively toward
instrumen yang stabil, serta penguatan proses seleksi risiko stable instruments, and strengthening risk selection and
dan pengelolaan klaim. Selain itu, Dewan Komisaris juga claims management process. Furthermore, the Board of
menekankan pentingnya memastikan implementasi PSAK Commissioners emphasizes the importance of ensuring that
117 dan proses pemisahan unit usaha syariah berjalan sesuai PSAK 117 implementation and sharia business unit spin-off
ketentuan, serta memperkuat pengendalian internal melalui process are carried out in line with applicable regulations,
peningkatan sistem, pemanfaatan teknologi, dan penguatan as well as strengthening internal control through system
budaya kepatuhan. Pendekatan ini diharapkan dapat menjaga enhancement, technology utilization, and reinforcement of
kesinambungan kinerja Perseroan di tengah dinamika industri compliance culture. This approach is expected to safeguard
yang terus berkembang. the Company’s performance continuity amid evolving industry
dynamics.
Perubahan Komposisi Anggota Changes in the Board of Commissioners’
Dewan Komisaris Composition
Pada tahun 2025, komposisi Dewan Komisaris Perseroan In 2025, the composition of the Company’s Board of
mengalami perubahan. Berdasarkan keputusan RUPS Tahunan Commissioners underwent changes. Based on the Annual
tanggal 24 Juni 2025, masa jabatan Bapak Toshinari Tokoi GMS resolutions dated June 24, 2025, the terms of office
sebagai Komisaris dan Bapak Ardhayadi Mitroatmodjo sebagai of Mr. Toshinari Tokoi as Commissioner and Mr. Ardhayadi
Komisaris Independen ditetapkan berakhir. Selanjutnya, Mitroatmodjo as Independent Commissioner were declared
Perseroan mengangkat Bapak Kimitake Sugiura sebagai to have ended. Subsequently, the Company appointed
Komisaris dan Bapak Teuku Radja Sjahnan sebagai Komisaris Mr. Kimitake Sugiura as Commissioner and Mr. Teuku Radja
Independen, yang berlaku efektif setelah dinyatakan lulus uji Sjahnan as Independent Commissioner, effective upon passing
kelayakan dan kepatutan oleh Otoritas Jasa Keuangan. the fit and proper test conducted by the Financial Services
Authority.
Dengan adanya perubahan tersebut, komposisi anggota Following these changes, the composition of the Company’s
Dewan Komisaris Perseroan yang menjabat per 31 Desember Board of Commissioners as of December 31, 2025, is as
2025 menjadi sebagai berikut. follows.
Nama Jabatan
Name Position
Indra Widjaja Presiden Komisaris / President Commissioner
Hideaki Nomura Komisaris / Commissioner
Kimitake Sugiura Komisaris / Commissioner
Sidharta Akmam Komisaris Independen / Independent Commissioner
Nazly Parlindungan Siregar Komisaris Independen / Independent Commissioner
Teuku Radja Sjahnan Komisaris Independen / Independent Commissioner
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Apresiasi Appreciation
Dewan Komisaris menyampaikan apresiasi kepada Direksi atas The Board of Commissioners would like to extend its
upaya pengelolaan Perseroan yang tetap terjaga di tengah appreciation to the Board of Directors for their efforts
berbagai dinamika yang dihadapi sepanjang tahun 2025, serta in managing the Company and maintaining its stability
kepada seluruh karyawan atas dedikasi dalam mendukung amid various challenges encountered throughout 2025, as
keberlangsungan usaha. Penghargaan juga disampaikan well as to all employees for their dedication in supporting
kepada para Pemegang Saham dan pemangku kepentingan business sustainability. Appreciation is also extended to
atas kepercayaan yang terus diberikan. Diharapkan kolaborasi the Shareholders and stakeholders for the continued trust
yang telah terbangun dapat terus diperkuat dan mendorong granted to the Company. Hopefully, the collaboration built
realisasi Perseroan sebagai Trusted Partner for Life bagi thus far will be further reinforced and support the Company to
seluruh masyarakat Indonesia. become a Trusted Partner for Life for the people of Indonesia.
Atas nama Dewan Komisaris
On behalf of the Board of Commissioners
PT MSIG LIFE INSURANCE INDONESIA TBK,
Indra Widjaja
Presiden Komisaris
President Commissioner
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Laporan
Direksi
Board of Directors’ Report
Para Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,
Di tengah dinamika perekonomian global yang masih diwarnai Amid the ongoing uncertainties in the global economy and
ketidakpastian serta tantangan industri yang semakin increasingly complex industry challenges, PT MSIG Life
kompleks, PT MSIG Life Insurance Indonesia Tbk tetap Insurance Indonesia Tbk has remained committed to sustaining
berupaya menjaga kinerja usaha melalui pendekatan yang business performance through adaptive and measurable
adaptif dan terukur. Stabilitas ekonomi domestik yang relatif approaches. The relative stability of Indonesia’s domestic
terjaga memberikan ruang bagi Perseroan untuk melanjutkan economy has provided room for the Company to continue its
aktivitas bisnis secara berkesinambungan, meskipun business activities in a sustainable manner, despite pressures
dihadapkan pada tekanan dari perubahan preferensi pasar, from shifting market preferences, rising claims, and evolving
peningkatan klaim, serta perkembangan regulasi. Dalam regulations. In this context, the Company continues to focus its
konteks tersebut, Perseroan terus mengarahkan langkah strategic efforts on strengthening its business fundamentals,
strategis pada penguatan fundamental usaha, kualitas service quality, and disciplined risk management to ensure
layanan, serta pengelolaan risiko yang disiplin guna menjaga sustained performance.
keberlangsungan kinerja.
Topik tersebut menjadi pokok bahasan dalam Laporan Direksi This topic becomes the main focus of the Board of Directors’
ini yang disusun sebagai bentuk pertanggungjawaban atas Report, that is prepared as an accountability statement for
pengelolaan Perseroan sepanjang tahun buku 2025, sekaligus the Company’s management throughout the 2025 fiscal year
untuk memberikan gambaran menyeluruh mengenai kinerja, and provides a comprehensive overview of performance,
strategi, serta langkah-langkah yang ditempuh dalam strategies, and initiatives undertaken in response to prevailing
merespons dinamika yang dihadapi. Mulai tahun 2025, Perseroan dynamics. Starting in 2025, the Company applies the latest
menerapkan standar akuntansi keuangan terbaru, yaitu financial accounting standards, PSAK 117/IFRS 17, replacing
PSAK 117/IFRS 17, sebagai pengganti PSAK 104/IFRS 4 yang the previously used PSAK 104/IFRS 4. The adoption of this new
sebelumnya digunakan. Penerapan standar baru ini merupakan standard is part of the Company's commitment to improving
bagian dari komitmen Perseroan untuk meningkatkan kualitas the quality of financial reporting to make it more relevant,
pelaporan keuangan agar lebih relevan, transparan, dan transparent, and aligned with developments in applicable
selaras dengan perkembangan standar akuntansi yang berlaku. accounting standards. The Company has made various
Perseroan telah melakukan berbagai persiapan yang diperlukan necessary preparations to ensure the transition process runs
untuk memastikan proses transisi berjalan dengan baik dan smoothly and complies with applicable regulations.
sesuai dengan ketentuan yang berlaku.
Kondisi Makroekonomi dan Industri Macroeconomic and Insurance Industry
Asuransi Tahun 2025 Conditions in 2025
Pada tahun 2025, perekonomian global memperlihatkan In 2025, the global economy demonstrated resilience amid
ketahanan yang cukup terjaga di tengah meningkatnya heightened policy uncertainty and international trade dynamics.
ketidakpastian kebijakan dan dinamika perdagangan Global economic growth was projected to grow moderately
internasional. Pertumbuhan ekonomi dunia diproyeksikan by 2.8%1) with inflationary pressures starting to subside,
tumbuh moderat sebesar 2,8%1) dengan tekanan inflasi although not yet completely stable. These developments
yang mulai mereda, meskipun belum sepenuhnya stabil. reflected the effectiveness of policy mixes across countries
Perkembangan tersebut mencerminkan efektivitas bauran in sustaining economic activity and purchasing power.
kebijakan di berbagai negara dalam menjaga aktivitas ekonomi At the same time, interest rate directions and financial market
dan daya beli. Di sisi lain, arah kebijakan suku bunga serta volatility remained key concerns, given their implications for
1)
Media Keuangan Kemenkeu RI: Ketidakpastian Ekonomi Global Meningkat: Bagaimana Dampaknya bagi Ekonomi dan Masyarakat Indonesia? / Indonesian Ministry of
Finance Financial Media: Global Economic Uncertainty Increases: What Impact Will It Have on the Indonesian Economy and Society?
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Wianto
Presiden Direktur
President Director
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volatilitas pasar keuangan tetap menjadi perhatian, mengingat investment performance and public preferences in managing
implikasinya terhadap kinerja investasi dan preferensi masyarakat long‑term finances, including the needs for protection through
dalam mengelola keuangan jangka panjang, termasuk kebutuhan insurance products.
atas perlindungan melalui produk asuransi.
Di tingkat domestik, ekonomi Indonesia tetap berada dalam Domestically, Indonesia’s economy maintained a stable growth
jalur pertumbuhan yang stabil dengan realisasi sebesar 5,1%2) trajectory, with actual growth of 5.1%2) and inflation kept at
dan inflasi yang terjaga pada level 2,9%3). Produk domestik 2.9%3). Gross domestic product stood at Rp23,821.1 trillion2),
bruto tercatat sebesar Rp23.821,1 triliun2), dengan konsumsi supported primarily by household consumption, which grew
rumah tangga sebagai penopang utama yang tumbuh 5,0%4), by 5.0%4) amid relatively favorable employment conditions.
didukung kondisi ketenagakerjaan yang relatif kondusif.
Kondisi tersebut selaras dengan stabilitas sektor keuangan This stability was consistent with the strength of the financial
yang tercermin dari penguatan pasar modal. Realisasi investasi sector, as evidenced by capital market growth. National
nasional mencatat pertumbuhan sebesar 5,1%4) dengan total investment grew by 5.1%4) to Rp1,931.2 trillion5), further
mencapai Rp1.931,2 triliun5), yang turut memperkuat kapasitas reinforcing economic capacity and medium‑term prospects.
ekonomi dan prospek jangka menengah. Secara keseluruhan, Generally, stability of these various indicators provides
terjaganya berbagai indikator tersebut membentuk landasan a foundation that supports consumer purchasing power,
yang mendukung daya beli masyarakat, aktivitas investasi, investment activity, and an increasing need for financial
serta peningkatan kebutuhan akan perlindungan dan protection and planning.
perencanaan keuangan.
Berdasarkan laporan Asosiasi Asuransi Jiwa Indonesia (AAJI)6), Based on the report of the Indonesian Life Insurance
industri asuransi nasional tetap menunjukkan ketahanan, Association (AAJI)6), the national insurance industry continued
tercermin dari pertumbuhan premi sektor komersial sebesar to demonstrate resilience, reflected in 0.8% growth in
0,8% di tengah kenaikan klaim sebesar 4,2%. Pada segmen commercial sector premiums despite a 4.2% increase in claims.
asuransi jiwa, total pendapatan tumbuh 9,3% menjadi Rp238,7 In the life insurance segment, total revenue grew 9.3% to
triliun, meskipun premi tercatat turun tipis sebesar 1,8%. Rp238.7 trillion, although premiums declined slightly by 1.8%.
Dari sisi fundamental, aset meningkat 7,8% menjadi Rp667,5 From a fundamental perspective, assets increased by 7.8%
triliun, sejalan dengan pertumbuhan investasi sebesar 8,7% to Rp667.5 trillion, in line with investment growth of 8.7% to
menjadi Rp590,8 triliun. Rp590.8 trillion.
Begitupun dengan minat masyarakat terhadap perlindungan Public interest in insurance protection remained strong,
yang tetap terjaga, tercermin dari peningkatan jumlah as indicated by an 8.6% increase in policyholders to 168.0
tertanggung sebesar 8,6% menjadi 168,0 juta orang. Total million people. Total claims and benefits reached Rp146.7
klaim dan manfaat tercatat mencapai Rp146,7 triliun kepada trillion for 9.6 million beneficiaries, a 7.8% decrease due to
9,6 juta penerima manfaat, turun sebesar 7,8% dipengaruhi a 19% decrease in surrender claims. Meanwhile, health claims
oleh turunnya klaim tebus (surrender) sebesar 19%. Sementara increased by 9.1%, underscoring the importance of this
itu, klaim kesehatan meningkat sebesar 9,1%, menegaskan segment, which will be the focus of industry transformation
pentingnya segmen ini yang ke depan akan menjadi fokus under the implementation of Financial Services Authority
transformasi industri melalui implementasi Peraturan Otoritas Regulation No. 36 of 2025.
Jasa Keuangan No. 36 Tahun 2025.
Tantangan dan Strategi Perseroan Challenges and Corporate Strategy
Di tengah dinamika ekonomi global dan domestik yang masih Amid global and domestic economic dynamics that continue
diwarnai ketidakpastian, Perseroan menghadapi sejumlah to be marked by uncertainty, the Company faces a number of
tantangan yang memerlukan respons strategis yang terukur. challenges requiring measured strategic responses. External
Tekanan dari kondisi eksternal, termasuk fluktuasi pasar pressures, including financial market fluctuations and
keuangan dan penyesuaian kebijakan moneter, mendorong monetary policy adjustments, have prompted the Company to
Perseroan untuk mengedepankan prinsip kehati-hatian adopt a prudent approach in sustaining business performance.
dalam menjaga kinerja usaha. Hal ini diwujudkan melalui This is reflected in adaptive business management and
2)
Badan Pusat Statistik RI: Ekonomi Indonesia Tahun 2025 Tumbuh 5,11 Persen. / BPS-Statistics Indonesia: Indonesian Economy to Grow 5.11 Percent in 2025.
3)
Badan Pusat Statistik RI: Perkembangan Indeks Harga Konsumen Desember 2025. / BPS-Statistics Indonesia: Consumer Price Index Development December 2025.
4)
Siaran Pers Kementerian Keuangan RI: Ekonomi Indonesia 2025 Kuat: Didorong Tingginya Investasi dan Ekspor serta Akselerasi Belanja Pemerintah. / Press Release of
the Ministry of Finance: Strong Indonesian Economy in 2025: Driven by High Investment and Exports and Accelerated Government Spending.
5)
Kementerian Investasi dan Hilirisasi RI: Realisasi INvestasi 2025 Lampaui Target, Hilirisasi Melompat 43,3 Persen. / Ministry of Investment and Downstreaming: Investment
Realization in 2025 Exceeds Target, Downstreaming Jumps 43.3 Percent.
6)
Siaran Pers Asosiasi Asuransi Jiwa Indonesia (AAJI): Perlindungan Nasabah Tetap Prioritas, Industri Asuransi Jiwa Perkuat Ketahanan di 2025. / Press Release from
the Indonesian Life Insurance Association (AAJI): Customer Protection Remains a Priority, Life Insurance Industry Strengthens Resilience in 2025.
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pengelolaan bisnis yang adaptif serta penempatan portofolio selective investment portfolio allocation to optimize returns
investasi yang selektif guna mengoptimalkan imbal hasil while maintaining an appropriate risk profile. At the industry
dengan tetap memperhatikan profil risiko. Di sisi industri, level, the shift in product preferences from unit link to
pergeseran preferensi produk dari unit link ke produk traditional products has also affected premium growth and
tradisional turut memengaruhi pertumbuhan premi dan Annualized Premium Equivalent (APE). In response, the
Annualized Premium Equivalent (APE). Merespons hal tersebut, Company has strengthened its distribution channels, including
Perseroan memperkuat kanal distribusi, termasuk melalui by developing the FORTIFY digital platform to expand market
pengembangan platform digital FORTIFY guna memperluas reach, while refining products to better align with customers’
jangkauan pasar, serta menyempurnakan produk agar lebih needs.
selaras dengan kebutuhan nasabah.
Selain itu, peningkatan klaim, khususnya pada lini kesehatan Moreover, rising claims, particularly in the health segment,
yang dipengaruhi oleh inflasi medis, menjadi perhatian tersendiri influenced by medical inflation, have become a key focus
dalam menjaga keberlanjutan kinerja. Untuk itu, Perseroan in maintaining performance sustainability. Therefore, the
terus memperkuat proses underwriting, seleksi risiko, dan Company continues to strengthen underwriting process, risk
pengelolaan klaim agar lebih akurat dan andal. Upaya ini turut selection, and claims management to ensure greater accuracy
didukung oleh kerja sama yang lebih erat dengan mitra penyedia and reliability. These efforts are further supported by closer
layanan kesehatan guna mengendalikan potensi overtreatment collaboration with healthcare service providers to control
dan menjaga efisiensi biaya klaim. Pendekatan tersebut potential overtreatment and maintain claims cost efficiency.
mencerminkan komitmen Perseroan dalam menyeimbangkan This approach reflects the Company’s commitment to
pertumbuhan bisnis dengan pengelolaan risiko yang disiplin. balancing business growth with disciplined risk management.
Sejalan dengan upaya menjaga ketahanan organisasi, penguatan Aligned with efforts to maintain organizational resilience,
kualitas sumber daya manusia turut menjadi bagian penting strengthening human capital quality has also become
dari kebijakan strategis Perseroan. Peningkatan kompetensi an integral part of the Company’s strategic policies. Employee
karyawan dilaksanakan melalui kebijakan pengembangan competency development is carried out through the Education,
berbasis pendekatan Education, Exposure, dan Experience (3E), Exposure, and Experience (3E) approach, which is designed
yang dirancang untuk membentuk kapabilitas yang adaptif to build adaptive capabilities aligned with organizational
dan selaras dengan kebutuhan organisasi. Di samping itu, needs. In addition, employee safety and welfare remain
aspek keselamatan dan kesejahteraan karyawan juga menjadi priorities through the provision of protection programs,
perhatian melalui penyediaan program perlindungan, termasuk including health insurance, life insurance, and participation in
fasilitas asuransi kesehatan, asuransi jiwa, serta kepesertaan BPJS Ketenagakerjaan and BPJS Kesehatan. These initiatives
dalam BPJS Ketenagakerjaan dan BPJS Kesehatan. Berbagai form part of the Company’s efforts to sustain organizational
inisiatif tersebut merupakan bagian dari upaya Perseroan dalam performance in a balanced manner.
menjaga keberlangsungan kinerja organisasi secara berimbang.
Peranan Direksi dalam Perumusan dan Board of Directors’ Role in Formulating
Implementasi Strategi and Implementing Strategy
Perumusan strategi dan kebijakan strategis Perseroan The corporate strategy and strategic policies are formulated
dilaksanakan melalui peran aktif Direksi yang tidak hanya through the active role of the Board of Directors, which
berfokus pada penetapan arah, tetapi juga pada penyelarasan focuses not only on setting direction but also on aligning
kepentingan di seluruh tingkatan organisasi. Dalam proses interests across all organizational levels. In this process,
tersebut, Direksi menjalin kolaborasi yang erat dengan Dewan the Board of Directors works closely with the Board of
Komisaris, komite, serta pejabat eksekutif guna memperoleh Commissioners, committees, and executive officers to obtain
perspektif yang komprehensif dan memastikan bahwa setiap comprehensive perspectives and ensure that every policy
kebijakan yang dirumuskan selaras dengan dinamika usaha formulated is aligned with business dynamics and sound
serta prinsip tata kelola yang baik. governance principles.
Untuk memastikan implementasi strategi berjalan efektif, In order to ensure effective strategy implementation,
Direksi turut mendorong keterlibatan seluruh lini organisasi, the Board of Directors also encourages the involvement of
termasuk karyawan, dalam proses eksekusi bisnis. Pendekatan ini all organizational lines, including employees, in executing
dilakukan melalui penguatan koordinasi yang berkesinambungan, business process. This approach is realized through continuous
pemantauan pelaksanaan program kerja, serta evaluasi kinerja coordination, monitoring of work program implementation,
secara berkala. Dengan demikian, setiap strategi yang telah and regular performance evaluations. As a result, each strategy
ditetapkan dapat diimplementasikan secara konsisten, terukur, established can be implemented consistently, measurably,
dan responsif terhadap perkembangan lingkungan usaha. and responsively to changes in the business environment.
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Kinerja Perseroan Tahun 2025 Company Performance in 2025
Kinerja usaha Perseroan pada tahun 2025 menunjukkan capaian The Company’s business performance in 2025 reflected mixed
yang beragam apabila dibandingkan dengan target yang results compared to the predetermined targets. Revenue was
telah ditetapkan. Pendapatan tercatat sebesar Rp3,12 triliun recorded at Rp3.12 trillion, an increase of 33.58% from the
atau meningkat 33,58% dibandingkan tahun sebelumnya, previous year, although realization reached only 60.99% of
meskipun realisasinya hanya mencapai 60,99% dari target. the target. This growth was primarily driven by higher renewal
Pertumbuhan ini terutama didorong oleh peningkatan premi premiums, reflecting stability of the customer base. Total
lanjutan (renewal premium) yang mencerminkan terjaganya premiums recorded throughout 2025 amounted to Rp4.45
basis nasabah. Total premi yang dicatatkan sepanjang tahun trillion, an increase of 36.78% compared to that of the previous
2025 mencapai Rp4,45 triliun, meningkat 36,78% dari tahun year. On the other hand, profit for the year stood at Rp206.23
sebelumnya. Di sisi lain, laba tahun berjalan tercatat sebesar billion, achieving 41.18% of the target, but declining 44.52%
Rp206,23 miliar atau mencapai 41,18% dari target, dengan compared to that of the previous year. This was influenced by
penurunan 44,52% dibandingkan tahun sebelumnya. Hal ini the increase in operating expenses, particularly those related
dipengaruhi oleh kenaikan beban usaha, khususnya yang terkait to insurance contracts, such as financial costs and insurance
dengan kontrak asuransi seperti beban keuangan dan beban service expenses, as well as increased claim payments to fulfill
jasa asuransi, serta meningkatnya pembayaran klaim sebagai obligations to policyholders.
bagian dari pemenuhan kewajiban kepada pemegang polis.
Dari sisi posisi keuangan, total aset Perseroan meningkat From a financial position perspective, total assets grew by
10,43% menjadi Rp15,87 triliun atau telah melampaui target 10.43% to Rp15.87 trillion, surpassing the target with an
dengan capaian 103,21%. Begitu pun dengan ekuitas yang achievement of 103.21%. Equity also rose 1.12% to Rp8.51
turut tumbuh 1,12% menjadi Rp8,51 triliun, mencerminkan trillion, reflecting a well‑maintained capital structure.
tetap terjaganya struktur permodalan. Adapun liabilitas Liabilities increased 24.18% to Rp7.17 trillion, in line with
meningkat 24,18% menjadi Rp7,17 triliun, yang selaras dengan higher business activity and contractual obligations. Under
peningkatan aktivitas bisnis dan kewajiban kontraktual these conditions, the Company successfully maintained
Perseroan. Dalam kondisi tersebut, Perseroan tetap mampu solvency at a highly adequate level, with a Risk-Based
menjaga tingkat solvabilitas pada level yang sangat memadai Capital (RBC) ratio above 1,000%, which is far exceeding the
dengan rasio Risk Based Capital (RBC) berada di atas 1.000%, regulatory minimum requirement of 120%.
jauh melampaui ketentuan minimum regulator sebesar 120%.
Selain kinerja keuangan, Perseroan juga mencatat sejumlah Beyond financial performance, the Company also recorded
capaian operasional yang mendukung arah pertumbuhan several operational achievements supporting long‑term
jangka panjang. Hal ini antara lain tercermin dari growth. These included expanding distribution channels
pengembangan kanal distribusi melalui pembukaan kantor through the opening of new marketing offices, launching
pemasaran baru, peluncuran produk yang lebih relevan products more relevant to market needs, and advancing the
dengan kebutuhan pasar, serta kemajuan proses pemisahan spin‑off process for the sharia business unit, which has entered
unit usaha syariah yang telah memasuki tahap perizinan. Di the licensing stage. In addition, the Company’s commitment
samping itu, komitmen terhadap tata kelola yang baik juga to good governance was reflected in obtaining certification
tercermin melalui perolehan sertifikasi Corporate Governance from the Corporate Governance Perception Index (CGPI) in
Perception Index (CGPI) dalam kategori “Trusted”. Berbagai the “Trusted” category. These achievements demonstrate the
capaian tersebut memperlihatkan upaya Perseroan dalam Company’s efforts to balance business growth, service quality,
menjaga keseimbangan antara pertumbuhan usaha, kualitas and the strengthening of sustainable business foundations.
layanan, serta penguatan fondasi bisnis secara berkelanjutan.
Penerapan Tata Kelola Perusahaan yang Implementation of Good and Sustainable
Baik dan Berkelanjutan Corporate Governance
Tata kelola Perseroan terus diperkuat melalui berbagai The Company continues to strengthen its governance
penyempurnaan yang dilakukan secara menyeluruh, baik pada through comprehensive improvements in both structure and
aspek struktur maupun implementasi. Penguatan difokuskan pada implementation. The strengthening effort focuses on the
kerangka kebijakan dan proses internal melalui penataan dokumen policy framework and internal process through document
serta penyelarasan prosedur agar lebih terstruktur, konsisten, dan reorganization and alignment of procedures to ensure they
relevan dengan kebutuhan bisnis serta ketentuan yang berlaku. are more structured, consistent, and relevant to business
Di samping itu, mekanisme persetujuan turut disempurnakan needs and applicable regulations. Approval mechanisms
untuk memperjelas kewenangan sekaligus mendukung proses have also been refined to clarify authority and support more
pengambilan keputusan yang lebih efektif. Seiring dengan hal effective decision‑making. Simultaneously, the reinforcement
tersebut, penguatan budaya kepatuhan terus didorong agar of a compliance culture has been consistently encouraged so
PT MSIG Life Insurance Indonesia Tbk 42 Laporan Tahunan 2025
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prinsip tata kelola, manajemen risiko, dan kepatuhan semakin that governance principles, risk management, and compliance
terinternalisasi dalam aktivitas operasional di seluruh unit kerja. are increasingly internalized across all operational units.
Dalam pengelolaan risiko, Perseroan mengacu pada 9 kategori In terms of risk management, the Company refers to 9
risiko sesuai ketentuan regulator, yaitu risiko strategis, categories of risk in accordance with regulatory requirements,
operasional, asuransi, kepatuhan, reputasi, hukum, pasar, namely strategic, operational, insurance, compliance,
kredit, dan likuiditas. Setiap indikator utama dari kategori reputation, legal, market, credit, and liquidity. Each key
tersebut dipantau secara berkala dan dilaporkan kepada indicator in these categories is monitored regularly and
Komite Manajemen Risiko setiap 3 bulan sekali, sebagai reported to the Risk Management Committee every
bagian dari upaya menjaga eksposur risiko tetap berada dalam three months, as part of efforts to keep risk exposure
batas yang dapat diterima. Pendekatan ini memastikan bahwa within acceptable limits. This approach ensures that risk
pengelolaan risiko berjalan secara sistematis dan terintegrasi management is carried out systematically and integrated into
dengan proses pengambilan keputusan. the decision‑making process.
Pemanfaatan digitalisasi dan teknologi informasi turut menjadi The use of digitalization and information technology has also
faktor pendukung dalam memperkuat tata kelola dan efisiensi become a supporting factor in strengthening governance and
operasional. Implementasi berbagai solusi digital, seperti operational efficiency. The implementation of various digital
penggunaan formulir elektronik, verifikasi biometrik, One-Time solutions, such as electronic forms, biometric verification,
Password (OTP), serta integrasi Electronic Know Your Customer One‑Time Passwords (OTP), and the integration of Electronic
(e-KYC) dalam proses customer onboarding, memungkinkan Know Your Customer (e‑KYC) in customer onboarding, has
peningkatan kecepatan, akurasi, dan konsistensi pelaksanaan improved speed, accuracy, and consistency in business
proses bisnis. Selain mengurangi ketergantungan pada proses processes. Beyond reducing reliance on manual procedures,
manual, digitalisasi juga menghasilkan data yang lebih andal digitalization has produced more reliable and well‑documented
dan terdokumentasi dengan baik, sehingga mendukung data, thereby supporting more precise decision‑making, more
pengambilan keputusan yang lebih tepat, pengawasan yang effective oversight, and stronger compliance.
lebih efektif, serta penguatan aspek kepatuhan.
Komitmen terhadap tata kelola yang baik juga tercermin dari Commitment to good corporate governance is further reflected
implementasi IFRS (International Financial Reporting Standard) in the implementation of IFRS (International Financial Reporting
117 tentang Kontrak Asuransi yang berjalan sesuai rencana, Standard) 117 on Insurance Contracts, which has been executed
serta perolehan sertifikasi CGPI dengan kategori “Trusted”. according to plan, and the achievement of CGPI certification
Pencapaian ini menunjukkan konsistensi Perseroan dalam under the “Trusted” category. These accomplishments
menerapkan prinsip tata kelola dan manajemen risiko. Pada demonstrate the Company’s consistency in applying governance
saat yang sama, budaya kerja yang selaras dengan Nilai-Nilai and risk management principles. At the same time, a work culture
Perusahaan, meliputi Customer Focus, Integrity, Teamwork, aligned with the Company’s Values, namely Customer Focus,
Innovation, dan Professionalism, terus dipelihara. Hal ini Integrity, Teamwork, Innovation, and Professionalism, continues
tercermin dari tingkat keterikatan karyawan yang konsisten to be nurtured. This is evidenced by employee engagement levels
berada di atas benchmark global dalam 3 tahun terakhir that have consistently remained above the global benchmark
berdasarkan Employee Voice Survey. over the past 3 years, as measured by the Employee Voice Survey.
Penilaian Kinerja Komite Pendukung Performance Assessment of the Board of
Direksi Directors’ Supporting Committees
Direksi secara berkala melakukan evaluasi atas kinerja komite The Board of Directors regularly evaluates the performance
pendukung, yaitu Komite Investasi dan Keuangan, Komite of its supporting committees, namely the Investment and
Teknologi Informasi dan Operasional, Product Steering Committee, Finance Committee, Information Technology and Operations
Komite Manajemen Risiko, serta Komite Sumber Daya Manusia. Committee, Product Steering Committee, Risk Management
Evaluasi ini bertujuan untuk menilai efektivitas pelaksanaan Committee, and Human Capital Committee. These evaluations
tugas masing-masing komite, sekaligus mengidentifikasi area aim to assess the effectiveness of each committee’s duties,
yang memerlukan peningkatan dan merumuskan rekomendasi identify areas requiring improvement, and formulate relevant
yang relevan. Hasil penilaian tersebut menjadi bagian dari dasar recommendations. The results of these evaluations serve as
pertimbangan Direksi dalam pengambilan keputusan serta a basis for the Board of Directors in decision‑making and in
penyempurnaan mekanisme kerja organ pendukung. refining the working mechanisms of supporting bodies.
Dalam pelaksanaannya, penilaian dilakukan dengan mengacu In practice, assessments are conducted with reference to Key
pada Key Performance Indicator (KPI) yang mencakup aspek Performance Indicators (KPIs), including the implementation
pelaksanaan rapat sesuai rencana kerja, tingkat kehadiran of meetings in accordance with work plans, attendance and
dan partisipasi aktif, kualitas serta ketepatan penyampaian active participation, the quality and timeliness of reviews
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hasil reviu kepada Direksi, serta ketepatan waktu dalam submitted to the Board of Directors, and punctuality in
penyusunan laporan. Berdasarkan hasil evaluasi tahun 2025, report preparation. Based on the 2025 evaluation results, the
komite-komite tersebut dinilai telah menjalankan fungsinya committees were assessed as having carried out their functions
secara profesional dan efektif dengan kontribusi yang relevan professionally and effectively, with relevant contributions in
dalam mendukung proses pengambilan keputusan dan supporting decision‑making processes and strengthening the
penguatan tata kelola Perseroan. Company’s governance.
Prospek Usaha Tahun 2026 Business Prospects for 2026
Prospek usaha Perseroan ke depan ditopang oleh kondisi The Company’s business prospects are supported by relatively
makroekonomi yang relatif stabil. Proyeksi pertumbuhan stable macroeconomic conditions. Indonesia’s economic
ekonomi Indonesia pada tahun 2026 berada dalam kisaran growth in 2026 is projected at around 5.1%8), reflecting
5,1%8), yang mencerminkan keberlanjutan aktivitas ekonomi di the continuation of economic activity amid global dynamics.
tengah dinamika global. Stabilitas tersebut memberikan ruang This stability provides room for increased purchasing power
bagi peningkatan daya beli dan kesadaran masyarakat terhadap and greater public awareness of long‑term financial planning.
perencanaan keuangan jangka panjang. Dalam konteks ini, In this context, demand for financial protection products,
kebutuhan atas produk perlindungan finansial, termasuk including life insurance, is expected to remain strong, driven
asuransi jiwa, diperkirakan tetap terjaga seiring dengan by growing domestic demand and heightened attention to
berkembangnya permintaan domestik dan meningkatnya protection needs within society.
perhatian terhadap aspek proteksi di masyarakat.
Dari sisi industri, potensi pertumbuhan tetap terbuka meskipun From an industry perspective, growth potential remains open,
berlangsung secara moderat. Nilai pasar asuransi jiwa albeit at a moderate pace. The market value of Indonesia’s
Indonesia diproyeksikan mencapai sekitar USD30,14 miliar9) life insurance sector is projected to reach approximately
pada tahun 2026, didukung oleh peningkatan penetrasi pasar, USD30.14 billion9) in 2026, supported by increased market
pertumbuhan kelas menengah, serta perluasan akses melalui penetration, middle‑class expansion, and broader access
digitalisasi distribusi. Peningkatan literasi keuangan turut through digital distribution channels. Rising financial literacy
memperkuat minat masyarakat terhadap produk proteksi. further strengthens public interest in protection products.
Namun demikian, dinamika industri tetap dipengaruhi oleh Nevertheless, industry dynamics continue to be influenced by
persaingan yang ketat, penyesuaian kebijakan seperti struktur intense competition, policy adjustments such as healthcare
biaya klaim kesehatan, serta volatilitas pasar keuangan yang claims cost structures, and financial market volatility affecting
berdampak pada hasil investasi. investment returns.
Dari sisi internal, Perseroan memiliki prospek yang kuat yang Internally, the Company has strong prospects, supported by
didukung oleh portofolio produk yang terdiversifikasi serta a diversified product portfolio and the ability to reach markets
kemampuan dalam menjangkau pasar melalui pemanfaatan through multi-channel utilization. Ongoing digitalization
multi-channel. Upaya digitalisasi yang terus dikembangkan efforts have contributed to the continuous improvement
turut berperan dalam meningkatkan kualitas layanan serta of service quality and operational efficiency. With this
efisiensi operasional secara berkelanjutan. Dengan fondasi foundation, the Company is better positioned to optimize
tersebut, Perseroan berada pada posisi yang lebih siap growth opportunities in the medium to long-term.
untuk mengoptimalkan peluang pertumbuhan dalam jangka
menengah hingga panjang.
Merespons peluang tersebut, Perseroan mengarahkan fokus Responding to such opportunity, the Company has directed its
strategis pada penguatan kualitas pertumbuhan yang selaras strategic focus on strengthening growth quality in line with
dengan target kinerja tahun 2026, tercermin dari proyeksi its 2026 performance targets, as reflected in the projected
laba tahun berjalan pada kisaran Rp0,5 triliun. Optimalisasi profit for the year of around Rp0.5 trillion. The claims ratio,
rasio klaim, khususnya pada lini kesehatan, dilakukan particularly in the health sector, is optimized by balancing
melalui penyeimbangan antara pertumbuhan manfaat dan benefit growth and risk control, accompanied by increasing
pengendalian risiko, disertai peningkatan efisiensi operasional operational efficiency and service quality through developing
dan kualitas layanan melalui pengembangan kapabilitas digital capabilities. Furthermore, the Company strengthens
digital. Selain itu, Perseroan memperkuat fondasi keuangan its financial foundation through implementing PSAK 117,
melalui implementasi PSAK 117, melanjutkan pemisahan continuing the spin-off of its sharia unit, and enhancing human
unit syariah, serta meningkatkan kompetensi sumber daya resource competency within a consistent governance and risk
manusia dalam kerangka tata kelola dan manajemen risiko management framework.
yang konsisten.
8)
Siaran Pers Kementerian Perekonomian RI: Pemerintah Optimis Prospek Perekonomian Indonesia Tetap Tangguh ke Depan. / Press Release from the Ministry of Economic
Affairs: The Government is Optimistic that Indonesia's Economic Prospects Will Remain Resilient Going Forward.
9)
Mordor Intelligence: Indonesia Life and Non-Life Insurance Market. / Mordor Intelligence: Indonesia Life and Non-Life Insurance Market.
PT MSIG Life Insurance Indonesia Tbk 44 Laporan Tahunan 2025
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Management Reports
Perubahan Komposisi Anggota Direksi Changes in the Board of Directors’
Composition
Pada tahun 2025, komposisi anggota Direksi mengalami In 2025, the Board of Directors’ composition underwent
beberapa kali perubahan. Berdasarkan RUPS Luar Biasa tanggal several changes. Based on the Extraordinary GMS on
7 Januari 2025, Perseroan menyetujui pengunduran diri Bapak January 7, 2025, the Company approved the resignation
Andrew Bain sebagai Direktur. Selanjutnya, melalui RUPS Luar of Mr. Andrew Bain as Director. Subsequently, through the
Biasa tanggal 22 April 2025, Perseroan menerima pengunduran Extraordinary GMS on April 22, 2025, the Company accepted
diri Bapak Satoshi Shiratani sebagai Wakil Presiden Direktur the resignation of Mr. Satoshi Shiratani as Vice President
dan menunjuk Bapak Tomoyuki Monden sebagai penggantinya, Director and appointed Mr. Tomoyuki Monden to replace him,
serta menetapkan Bapak Eiji Takahashi sebagai Direktur, efektif while also appointing Mr. Eiji Takahashi as Director, effective
setelah lulus uji kelayakan dan kepatutan oleh Otoritas Jasa upon passing the fit and proper test by the Financial Services
Keuangan. Adapun melalui RUPS Tahunan tanggal 24 Juni 2025, Authority. Furthermore, at the Annual GMS on June 24, 2025,
Perseroan mengangkat Ibu Elly Susanti sebagai Direktur, yang the Company appointed Ms. Elly Susanti as Director, effective
berlaku efektif setelah memperoleh persetujuan uji kelayakan upon receipt of the fit and proper test approval from the
dan kepatutan dari Otoritas Jasa Keuangan. Financial Services Authority.
Dengan adanya perubahan tersebut, komposisi anggota As a result of these changes, the composition of the Company’s
Direksi Perseroan yang menjabat per 31 Desember 2025 Board of Directors as of December 31, 2025, is as follows.
menjadi sebagai berikut.
Nama Jabatan
Name Position
Wianto Presiden Direktur / President Director
Tomoyuki Monden Wakil Presiden Direktur / Deputy President Director
Herman Sulistyo Direktur / Director
Ken Terada Direktur / Director
Eiji Takahashi Direktur / Director
Elly Susanti Direktur / Director
Apresiasi Appreciation
Direksi menyampaikan apresiasi kepada seluruh karyawan The Board of Directors would like to extend its appreciation to
atas dedikasi dan kontribusi yang berkelanjutan, serta kepada all employees for their continued dedication and contributions,
Dewan Komisaris atas arahan dan nasihat yang konstruktif. as well as to the Board of Commissioners for their constructive
Apresiasi juga disampaikan kepada para Pemegang Saham, guidance and advice. Appreciation is also conveyed to the
mitra usaha, dan seluruh pemangku kepentingan atas Shareholders, business partners, and all stakeholders for their
kepercayaan dan dukungan yang diberikan. Sinergi yang terjalin trust and support. The synergy that has been established
menjadi landasan penting dalam menjaga kesinambungan serves as an important foundation in sustaining business
usaha. Dengan fondasi bisnis, keuangan, dan tata kelola continuity. With continuously strengthened business, financial,
yang terus diperkuat, Perseroan tumbuh secara tangguh di and governance foundations, the Company has demonstrated
tengah ketidakpastian, sekaligus melangkah strategis melalui resilience amid uncertainty, while strategically advancing
transformasi berkelanjutan untuk mendukung pertumbuhan through ongoing transformation to support sustainable,
jangka panjang yang sehat dan berimbang. balanced, and long-term growth.
Atas nama Direksi
On behalf of the Board of Directors
PT MSIG LIFE INSURANCE INDONESIA TBK,
Wianto
Presiden Direktur
President Director
2025 Annual Report 45 PT MSIG Life Insurance Indonesia Tbk
Page 48
Tanggung Jawab Laporan Tahunan
Annual Report Responsibility
Surat Pernyataan Anggota Dewan Komisaris
Tentang Tanggung Jawab Atas Laporan Tahunan 2025
PT MSIG Life Insurance Indonesia Tbk
Statement of Members of the Board of Commissioners
on the Responsibility for the 2025 Annual Report of
PT MSIG Life Insurance Indonesia Tbk
Kami, yang bertanda tangan di bawah ini, menyatakan We, the undersigned, hereby declare that all information in
bahwa semua informasi dalam Laporan Tahunan the Annual Report of PT MSIG Life Insurance Indonesia Tbk
PT MSIG Life Insurance Indonesia Tbk tahun 2025 telah for year 2025 has been fully contained and we shall be fully
dimuat secara lengkap dan bertanggung jawab penuh atas responsible to the correctness of contents in the Annual
kebenaran isi Laporan Tahunan Perseroan. Report of the Company.
Demikian pernyataan ini dibuat dengan sebenarnya. This statement is hereby made in all truthfulness.
Jakarta, Maret 2026
Jakarta, March 2026
Dewan Komisaris,
Board of Commissioners,
Indra Widjaja Hideaki Nomura
Presiden Komisaris Komisaris
President Commissioner Commissioner
Kimitake Sugiura Sidharta Akmam
Komisaris Komisaris Independen
Commissioner Independent Commissioner
Nazly Parlindungan Siregar Teuku Radja Sjahnan
Komisaris Independen Komisaris Independen
Independent Commissioner Independent Commissioner
PT MSIG Life Insurance Indonesia Tbk 46 Laporan Tahunan 2025
Page 49
Surat Pernyataan Anggota Direksi
Tentang Tanggung Jawab Atas Laporan Tahunan 2025
PT MSIG Life Insurance Indonesia Tbk
Statement of Members of the Board of Directors
on the Responsibility for the 2025 Annual Report of
PT MSIG Life Insurance Indonesia Tbk
Kami, yang bertanda tangan di bawah ini, menyatakan We, the undersigned, hereby declare that all information in
bahwa semua informasi dalam Laporan Tahunan the Annual Report of PT MSIG Life Insurance Indonesia Tbk
PT MSIG Life Insurance Indonesia Tbk tahun 2025 telah for year 2025 has been fully contained and we shall be fully
dimuat secara lengkap dan bertanggung jawab penuh atas responsible to the correctness of contents in the Annual
kebenaran isi Laporan Tahunan Perseroan. Report of the Company.
Demikian pernyataan ini dibuat dengan sebenarnya. This statement is hereby made in all truthfulness.
Jakarta, Maret 2026
Jakarta, March 2026
Direksi,
Board of Directors,
Wianto Tomoyuki Monden
Presiden Direktur Wakil Presiden Direktur
President Director Deputy President Director
Herman Sulistyo Ken Terada
Direktur Direktur
Director Director
Eiji Takahashi Elly Susanti
Direktur Direktur
Director Director
2025 Annual Report 47 PT MSIG Life Insurance Indonesia Tbk
Page 50
PROFIL
PERUSAHAAN
Company Profile
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2025 Annual Report 49 PT MSIG Life Insurance Indonesia Tbk
Page 52
Profil Perusahaan
Company Profile
Identitas Perusahaan
Company Identity
Nama Perusahaan
Company Name
PT MSIG Life Insurance Indonesia Tbk
Status Perusahaan Dasar Hukum Pendirian
Company Status Legal Basis of Establishment
Perusahaan Terbuka • PT Asuransi Jiwa Purnamala Internasional Indonesia
Public Company Perseroan didirikan dengan nama PT Asuransi Jiwa Purnamala Internasional
Indonesia berdasarkan Akta Notaris Benny Kristianto, S.H., No. 44 tanggal 17 Juli
1984 dan disahkan berdasarkan keputusan Menteri Kehakiman Republik Indonesia
Bidang Usaha No. C2-7176HT.01.01.Th.84 tanggal 21 Desember 1984 serta diumumkan dalam
Line of Business
Lembaran Berita Negara No. 85 tanggal 22 Oktober 1985. Akta Notaris Linda
Menyelenggarakan usaha asuransi Herawati, S.H., No. 32 tanggal 10 Juni 2011 dan mendapatkan persetujuan
jiwa, termasuk usaha dengan prinsip Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan
syariah, serta dana pensiun lembaga No. AHU-32784.AH.01.02 tanggal 1 Juli 2011 serta diumumkan dalam Berita Negara
keuangan. Republik Indonesia No. 77 tanggal 25 September 2012.
Carrying out life insurance business,
The Company was established under the name PT Asuransi Jiwa Purnamala
including business with sharia
Internasional Indonesia based on the Deed of Notary Benny Kristianto, S.H.,
principles and financial institution
pension funds. No. 44, dated July 17, 1984, and ratified by the Decree of the Minister of Justice of
the Republic of Indonesia No. C2-7176HT.01.01.Th.84 dated December 21, 1984, and was
announced in the State Gazette No. 85 dated October 22, 1985. The Deed of Notary
Tanggal Pendirian Linda Herawati, S.H., No. 32 dated June 10, 2011, and approved by the Minister of
Date of Establishment Law and Human Rights of the Republic of Indonesia in Decree No. AHU-32784.AH.01.02
dated July 1, 2011, and was announced in the State Gazette of the Republic of Indonesia
14 April 1985
No. 77 dated September 25, 2012.
April 14, 1985
Alamat Kantor Pusat Tanggal Pencatatan Saham di Bursa Efek Indonesia
Head Office Address Listing Date on Indonesia Stock Exchange
Sinarmas Land Plaza Sudirman 9 Juli 2019
Lt. 6 / 6th Floor July 9, 2019
Jl. Jend. Sudirman Kav. 21
Jakarta Selatan 12920
: (021) 5059 7777 Modal Dasar
: (021) 5060 8899 Authorized Capital
: corsec@msiglife.co.id Rp
210.000.000.000,00
: www.msiglife.co.id
Kode Saham Modal Ditempatkan dan Disetor Penuh
Stock Code Subscribed and Fully Paid-Up Capital
LIFE Rp
210.000.000.000,00
PT MSIG Life Insurance Indonesia Tbk 50 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Dasar Hukum Perubahan Nama
Legal Basis for Name Changes
• PT Asuransi Jiwa Eka Life • PT Asuransi Jiwa Eka Life
Perseroan mengubah nama menjadi PT Asuransi Jiwa Eka Life The Company changed its name to PT Asuransi Jiwa Eka Life
berdasarkan Akta Notaris James Herman Rahardjo, S.H., No. 120 based on the Deed of Notary James Herman Rahardjo, S.H.,
tanggal 27 Januari 1989 dan mendapatkan Keputusan Menteri No. 120 dated January 27, 1989, and ratified by the Decree
Kehakiman Republik Indonesia dengan No. C2-5095.HT.01.04. of the Minister of Justice of the Republic of Indonesia
TH’89 tanggal 10 Juni 1989 serta diumumkan dalam Berita No. C2-5095.HT.01.04.TH’89 dated June 10, 1989, and was announced
Negara Republik Indonesia No. 57 tanggal 18 Juli 1989. in the State Gazette of the Republic of Indonesia No. 57 dated
July 18, 1989.
• PT Asuransi Jiwa Sinarmas • PT Asuransi Jiwa Sinarmas
Perseroan mengubah nama menjadi PT Asuransi Jiwa Sinarmas The Company changed its name to PT Asuransi Jiwa Sinarmas
berdasarkan Akta Notaris Vera, S.H., No. 2 tanggal 5 Januari based on the Deed of Notary Vera, S.H., No. 2 dated January 5,
2007 dan mendapatkan persetujuan Menteri Hukum dan 2007, and approved by the Minister of Law and Human Rights of
Hak Asasi Manusia Republik Indonesia dalam surat keputusannya the Republic of Indonesia according to the Decree No. W8-00337
No. W8-00337 HT.01.04-TH.2007 serta diumumkan dalam Berita HT.01.04-TH.2007 and was announced in the State Gazette of
Negara Republik Indonesia No. 72 tanggal 7 September 2007. the Republic of Indonesia No. 72 dated September 7, 2007.
• PT Asuransi Jiwa Sinarmas MSIG • PT Asuransi Jiwa Sinarmas MSIG
Perseroan mengubah nama menjadi PT Asuransi Jiwa Sinarmas The Company changed its name to PT Asuransi Jiwa Sinarmas MSIG
MSIG berdasarkan Akta Notaris Linda Herawati, S.H., No. 32 based on the Deed of Notary Linda Herawati, S.H., No. 32 dated
tanggal 10 Juni 2011 dan mendapatkan persetujuan Menteri June 10, 2011, and approved by the Minister of Law and Human
Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Rights of the Republic of Indonesia in Decree No. AHU-32784.
Keputusan No. AHU-32784.AH.01.02 tanggal 1 Juli 2011 serta AH.01.02 dated July 1, 2011, and was announced in the State
diumumkan dalam Berita Negara Republik Indonesia No. 77 Gazette of the Republic of Indonesia No. 77 dated September 25,
tanggal 25 September 2012. 2012.
• PT Asuransi Jiwa Sinarmas MSIG Tbk • PT Asuransi Jiwa Sinarmas MSIG Tbk
Perseroan mengubah nama menjadi PT Asuransi Jiwa Sinarmas The Company changed its name to PT Asuransi Jiwa Sinarmas
MSIG Tbk berdasarkan Akta Notaris Aulia Taufani, S.H., No. 46 MSIG Tbk based on the Deed of Notary Aulia Taufani, S.H.,
tanggal 23 Mei 2019 dan menerima Keputusan Menteri Hukum No. 46 dated May 23, 2019, and received the Decree of the Minister
dan Hak Asasi Manusia No. AHU-0028378.AH.01.02.Tahun2019 of Law and Human Rights No. AHU-0028378.AH.01.02.Tahun2019
tanggal 24 Mei 2019 dan Surat Penerimaan Pemberitahuan dated May 24, 2019, and Letter of Acceptance of Notification
Perubahan Data Perusahaan No. AHUAH.01.03-0276428 tanggal of Changes in Company Data No. AHUAH.01.03-0276428 dated
24 Mei 2019. May 24, 2019.
• PT MSIG Life Insurance Indonesia Tbk • PT MSIG Life Insurance Indonesia Tbk
Perseroan mengubah nama menjadi PT MSIG Life Insurance The Company changed its name to PT MSIG Life Insurance
Indonesia Tbk berdasarkan Akta Notaris Ariyanti Artisari, S.H., Indonesia Tbk based on the Deed of Notary Ariyanti Artisari, S.H.,
M.Kn. No. 60 tanggal 27 Juni 2023 dan mendapatkan persetujuan M.Kn. No. 60 dated June 27, 2023, and approved by the Minister
Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam of Law and Human Rights of the Republic of Indonesia according
surat keputusannya No. AHU-0042658.AH.01.02Tahun2023 to the Decree No. AHU-0042658.AH.01.02Tahun2023 dated
tanggal 25 Juli 2023. July 25, 2023.
Kepemilikan Saham Media Sosial
Share Ownership Social Media
Mitsui Sumitomo Insurance Co., Ltd.
PT Sinar Mas Multiartha Tbk
MSIG Life @msiglife
Masyarakat / Public
MSIG Life MSIG Life
7,50 %
12,50 %
80,00 %
Keterangan / Notes:
Perseroan tidak melakukan perubahan nama pada tahun 2025. / The Company did not change its name in 2025.
2025 Annual Report 51 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Perubahan Signifikan yang Terjadi pada Perusahaan
Significant Changes in the Company
Pada tahun 2025, berbagai perubahan penting terjadi di In 2025, the Company underwent several significant changes
Perseroan sebagai bagian dari upaya adaptasi terhadap as part of its efforts to adapt to industry dynamics and
dinamika industri dan kebutuhan pemangku kepentingan, the evolving needs of stakeholders, as follows:
yaitu:
1. Perseroan resmi meluncurkan Fortify by MSIG Life sebagai 1. The Company officially launched Fortify by MSIG Life as
platform asuransi jiwa digital yang membuat proteksi a digital life insurance platform designed to make life
jiwa lebih mudah diakses. Melalui Fortify, nasabah dapat protection more accessible. Through Fortify, customers
memilih perlindungan secara simpel, fleksibel, dan sesuai can select coverage in a simple, flexible manner tailored
kebutuhan. Platform ini dirancang untuk mendukung to their needs. The platform is intended to support
generasi muda Indonesia menyiapkan proteksi yang Indonesia’s younger generation in preparing relevant
relevan di setiap tahap kehidupan, mulai dari awal protection at every stage of life, starting from early
karier, membangun keluarga, hingga perencanaan masa career, building a family, to long-term future planning.
depan. Kehadirannya juga mendorong peningkatan Its presence also promotes improved financial literacy
literasi keuangan serta pemahaman akan pentingnya and awareness of the importance of early protection. This
perlindungan sejak dini. Inisiatif ini mencerminkan initiative reflects the Company’s commitment to digital
komitmen Perseroan terhadap inovasi digital, perluasan innovation, broader financial inclusion, and the provision
inklusi keuangan, serta penyediaan solusi perlindungan of customer-oriented life protection solutions;
jiwa yang berorientasi pada kebutuhan nasabah;
2. Perseroan meluncurkan Smile Ultima Term Life (SURE), 2. The Company launched Smile Ultima Term Life (SURE),
produk asuransi dengan fleksibilitas tinggi yang memberikan a highly flexible insurance product that provides life
perlindungan jiwa, manfaat terhadap 10 penyakit kritis protection, benefits covering 10 major critical illnesses,
mayor, serta pengembalian premi hingga 140% apabila and a premium refund of up to 140% in case no claims are
tidak terjadi klaim sepanjang masa perlindungan; made throughout the coverage period;
3. Perseroan resmi menjadi title partner pertama turnamen 3. The Company officially became the first title partner of
sepak bola wanita ASEAN yang kini bernama ASEAN MSIG ASEAN women’s football tournament, currently known
Serenity Cup™, bersama Federasi Sepak Bola ASEAN as ASEAN MSIG Serenity Cup™, in collaboration with
(AFF), sebagai bentuk dukungan pada sportivitas dan ASEAN Football Federation (AFF), as a demonstration of
pemberdayaan perempuan di kawasan regional; its support for sportsmanship and women empowerment
in the regional area;
4. Perseroan melakukan pembaruan sarana komunikasi 4. The Company updated its official communication
resmi, termasuk perubahan nomor telepon menjadi facilities, including a change of telephone number
(021) 5059 7777, alamat surat elektronik menjadi to (021) 5059 7777, electronic mail address to
corsec@msiglife.co.id, serta penetapan nomor faksimili corsec@msiglife.co.id, and the designation of a facsimile
di (021) 5060 8899. Sehubungan dengan penyesuaian number at (021) 5060 8899. In connection with these
tersebut, Perseroan sempat mengalami gangguan adjustments, the Company experienced temporary
sementara pada sebagian akses sistem layanan, namun disruptions to certain service system access, however,
kini seluruh sistem telah kembali beroperasi normal tanpa the entire system is now back to normal operation without
menimbulkan dampak terhadap keamanan data maupun any impact on data security or operational performance;
kinerja operasional;
5. Perseroan memperkenalkan Smile Wealth Protection 5. The Company introduced Smile Wealth Protection
(SMART), produk proteksi jangka panjang dengan manfaat (SMART), a long-term protection product offering
hingga 175% dari dana pasti yang dapat dicairkan secara benefits of up to 175% of the guaranteed fund, which
berkala, baik saat tertanggung hidup maupun meninggal may be disbursed periodically during the coverage
dunia. Produk ini juga dilengkapi fitur pembebasan premi period, whether the insured remains alive or passes away.
serta manfaat tambahan bagi ahli waris apabila terjadi This product is also equipped with a premium waiver
risiko meninggal akibat kecelakaan; feature and additional benefits for beneficiaries in
the event of death due to an accident;
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Profil Perusahaan
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6. Perseroan menghadirkan Smile Critical Ultima Care 6. The Company launched Smile Critical Ultima Care
(SECURE), produk asuransi penyakit kritis pertama di (SECURE), Indonesia’s first critical illness insurance product
Indonesia yang menawarkan perlindungan menyeluruh, to offer comprehensive protection, including benefits
mencakup manfaat saat sakit, meninggal dunia, serta payable upon illness, death, and an additional 100% of
tambahan 100% dari uang pertanggungan di akhir masa the sum assured at the end of the policy term;
polis;
7. Perseroan, bekerja sama dengan KB Bank, melakukan 7. The Company, in partnership with KB Bank, enhanced
penyempurnaan layanan Smart Maxi Assurance melalui Smart Maxi Assurance service by adding protection
penambahan pilihan masa perlindungan hingga period options up to ages 55 and 60. This life insurance
usia 55 dan 60 tahun. Produk asuransi jiwa ini tetap product continues to offer premium flexibility and 100%
memberikan fleksibilitas premi serta manfaat 100% sum assured benefits, both in the event of death and at
uang pertanggungan, baik dalam hal risiko meninggal policy maturity. This enhancement complements existing
dunia maupun pada akhir masa kontrak. Penyempurnaan protection options previously available up to ages 75 and
ini melengkapi pilihan perlindungan yang sebelumnya 100, with premium features and premium discounts;
tersedia hingga usia 75 dan 100 tahun, dengan fitur bebas
kenaikan premi serta diskon premi;
8. Perseroan meresmikan 3 Agen Kantor Mandiri, yaitu AKM 8. The Company inaugurated 3 Independent Office Agents,
YDK Group, AKM Smart Believe Team, dan AKM Marvel, namely AKM YDK Group, AKM Smart Believe Team, and
guna memperluas jangkauan layanan dan meningkatkan AKM Marvel, to expand its service network and enhance
aksesibilitas produk asuransi bagi masyarakat; public access to insurance products;
9. Perseroan meluncurkan layanan My Prime Hospital 9. The Company launched the My Prime Hospital Network
Network, jaringan lebih dari 260 rumah sakit rekanan service, a network of more than 260 partner hospitals
di berbagai wilayah Indonesia untuk meningkatkan across various regions in Indonesia aimed at enhancing
kualitas pengalaman rawat inap dan mendukung the quality of customers’ inpatient experience and
pemulihan nasabah secara optimal. Melalui jaringan ini, supporting optimal recovery. Through this network,
nasabah memperoleh peningkatan kelas kamar tanpa customers are entitled to room class upgrades at no
biaya tambahan, akses ruang tunggu VIP bagi keluarga, additional cost, access to VIP waiting rooms for family
kemudahan klaim cashless, serta layanan ambulans dan members, convenient cashless claim services, as well as
pengiriman obat sesuai ketentuan masing-masing rumah ambulance and medication delivery services in accordance
sakit. Inisiatif ini menegaskan komitmen Perseroan dalam with each hospital’s provisions. This initiative underscores
menghadirkan perlindungan yang komprehensif melalui the Company’s commitment to delivering comprehensive
peningkatan kualitas layanan kesehatan yang berfokus protection by improving healthcare service quality,
pada kenyamanan, kemudahan, dan kepercayaan nasabah; focusing on customer comfort, convenience, and trust.
10. Perseroan melakukan perubahan Pasal 3 Anggaran 10. The Company amended Article 3 of its Articles of
Dasar terkait maksud, tujuan, dan kegiatan usaha agar Association on its purposes, objectives, and business
selaras dengan implementasi Klasifikasi Baku Lapangan activities to align with the implementation of the 2020
Usaha Indonesia (KBLI) 2020. Sejalan dengan pemisahan Indonesian Standard Industrial Classification (KBLI).
Unit Usaha Syariah, Perseroan juga menghapus Pasal 20 In line with the spin-off of Sharia Business Unit,
mengenai Dewan Pengawas Syariah, karena fungsi tersebut the Company also removed Article 20 on Sharia
akan beralih kepada entitas syariah baru; dan Supervisory Board, as this function will be transferred to
the newly established sharia entity; and
11. Perseroan menghadirkan Smile Plan Maxima Syariah 11. The Company introduced Smile Plan Maxima Syariah
(SALAMAH), produk yang memberikan santunan asuransi (SALAMAH), a product providing 100% insurance
100%, baik apabila peserta meninggal dunia maupun benefits, either upon the participant’s death or at
hingga akhir masa perlindungan. SALAMAH dirancang the end of the protection period. SALAMAH is designed to
untuk mendukung berbagai kebutuhan perencanaan support various family financial planning needs, including
keuangan keluarga, termasuk pendidikan, ibadah, pensiun, education, religious pilgrimage, retirement, inheritance
warisan, wakaf, serta kebutuhan jangka menengah lainnya. planning, waqf, and other medium-term financial goals.
2025 Annual Report 53 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Sekilas Perusahaan
Brief Overview of the Company
PT MSIG Life Insurance Indonesia Tbk telah hadir di Indonesia PT MSIG Life Insurance Indonesia Tbk has been present in
sejak tahun 1985 melalui kolaborasi antara Grup Sinar Mas, Indonesia since 1985 through a collaboration between Sinar
salah satu konglomerasi terbesar di Indonesia, dan Mitsui Mas Group, one of the largest conglomerates in Indonesia,
Sumitomo Insurance Co., Ltd., bagian dari MS&AD Insurance and Mitsui Sumitomo Insurance Co., Ltd., a member of MS&AD
Group Holdings, Inc., Jepang. Selama 4 dekade perjalanan, Insurance Group Holdings, Inc., Japan. Over 4 decades of its
Perseroan konsisten menghadirkan solusi asuransi jiwa, journey, the Company has consistently delivered life, health,
kesehatan, investasi, dan perencanaan keuangan bagi individu investment, and financial planning insurance solutions for both
maupun korporasi. Tahun 2025 menjadi tonggak penting individuals and corporates. The year 2025 marked a significant
karena menandai 40 tahun kiprah Perseroan dalam melindungi milestone, commemorating the Company’s 40 years of service
keluarga Indonesia, sebuah capaian yang mencerminkan in protecting Indonesian families, an achievement that reflects
ketangguhan, adaptabilitas, dan nilai keberlanjutan. its resilience, adaptability, and sustainability values.
Seiring pertumbuhan, Perseroan mencatat sejumlah langkah In line with its growth, the Company has undertaken a number
strategis, termasuk transformasi menjadi perusahaan publik of strategic initiatives, including its transformation into
di Bursa Efek Indonesia pada tahun 2019 dengan kode saham a publicly listed company on Indonesia Stock Exchange in
LIFE, serta penguatan identitas korporasi melalui nama baru 2019 under the ticker code LIFE, as well as the strengthening
PT MSIG Life Insurance Indonesia Tbk pada tahun 2023. Hingga of its corporate identity through the adoption of the name
saat ini, Perseroan melayani lebih dari 979.092 nasabah, PT MSIG Life Insurance Indonesia Tbk in 2023. As of today,
didukung oleh 521 karyawan, 9.796 tenaga pemasar, serta the Company serves more than 979,092 customers, supported
58 jaringan kantor di seluruh Indonesia. Kinerja finansial tetap by 521 employees, 9,796 sales agents, and 58 office networks
solid dengan perolehan premi sebesar Rp4,45 triliun dan total across Indonesia. The Company’s financial performance
aset Rp15,87 triliun, serta tingkat permodalan konvensional remains solid, with premium income of Rp4.45 trillion and
maupun syariah yang jauh melampaui ketentuan minimum total assets of Rp15.87 trillion, as well as conventional and
regulator. sharia capital levels that far exceed the minimum regulatory
requirements.
Dalam menjawab kebutuhan zaman, Perseroan terus In responding to market needs, the Company continues
menghadirkan inovasi, antara lain platform digital Fortify to deliver innovation through various initiatives, including
by MSIG Life untuk memperkuat literasi dan perencanaan a digital platform named Fortify by MSIG Life to enhance
keuangan, aplikasi VEGA by MSIG Life untuk kemudahan financial literacy and financial planning, VEGA by MSIG Life
pengelolaan polis dan klaim, serta MyFit+ by MSIG Life yang application to facilitate policy and claims management, and
mendukung gaya hidup sehat nasabah. Pada tahun 2025, MyFit+ by MSIG Life that supports a healthy lifestyle for
Perseroan juga meluncurkan SECURE, produk asuransi penyakit customers. In 2025, the Company also launched SECURE,
kritis pertama di Indonesia yang memberikan perlindungan Indonesia’s first critical illness insurance product offering
menyeluruh, meliputi manfaat saat sakit, meninggal dunia, comprehensive protection, including benefits payable upon
hingga tambahan 100% dari uang pertanggungan di akhir masa illness, death, and an additional 100% of the sum assured
polis. Dengan fondasi pengalaman 40 tahun dan dorongan at the end of the policy term. With a strong foundation
inovasi berkelanjutan, Perseroan meneguhkan peran sebagai built on 40 years of experience and driven by continuous
trusted partner dalam menjaga ketahanan finansial dan innovation, the Company reaffirms its role as a trusted partner
kualitas hidup masyarakat Indonesia. in protecting the financial resilience and quality of life of
the Indonesian people.
PT MSIG Life Insurance Indonesia Tbk 54 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
2025 Annual Report 55 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Tonggak Sejarah
Milestones
1985 - 2016 2017 - 2021
1985 2017
PT Asuransi Jiwa Purnamala Internasional Indonesia mulai Menjalin kerja sama bancassurance baru bersama lembaga
beroperasional pada tanggal 14 April 1985. keuangan perbankan.
PT Asuransi Jiwa Purnamala Internasional Indonesia started Entered into new bancassurance cooperation with banking
operating on April 14, 1985. financial institutions.
1989 2018
• Menjalin kerja sama dengan Ayala Group Philippines. Meluncurkan 3 produk bancassurance baru serta meresmikan
• Melakukan perubahan nama menjadi PT Asuransi Jiwa Eka telemarketing call center di Semarang.
Life. Launched 3 new bancassurance products and inaugurated
• Entered into cooperation with Ayala Group Philippines. telemarketing call center in Semarang.
• Changed its name to PT Asuransi Jiwa Eka Life.
2019
2005 • Melakukan paparan publik pertama kalinya pada tanggal
• Menjadi perusahaan yang dimiliki sepenuhnya oleh Grup Sinar 20 Juni 2019.
Mas. • Resmi go public pada tanggal 28 Juni 2019.
• Memperluas jangkauan bisnis dengan mendirikan Unit Usaha • Melakukan penawaran umum perdana saham di Bursa Efek
Syariah. Indonesia pada tanggal 9 Juli 2019 dengan kode saham LIFE.
• Mitsui Sumitomo Insurance Co., Ltd. menjadi Pemegang Saham
• Became a company wholly owned by Sinar Mas Group.
Pengendali dengan kepemilikan saham sebesar 80%.
• Extended business coverage by establishing a Sharia Business
Unit. • Conducted the first public expose on June 20, 2019.
• Became a public company on June 28, 2019.
2007 • Conducted initial public offering on Indonesia Stock Exchange
on July 9, 2019, with stock code LIFE.
Melakukan perubahan nama menjadi PT Asuransi Jiwa Sinarmas • Mitsui Sumitomo Insurance Co., Ltd. became the Controlling
dan berkantor pusat di Wisma Eka Jiwa. Shareholder with 80% shareholding.
Changed its name to PT Asuransi Jiwa Sinarmas with head office
at Wisma Eka Jiwa. 2020
• Melakukan peresmian aplikasi digital M-Polis.
2011 • Menjalankan proses pengimplementasian skema penjualan
• Menjalin kerja sama dengan Mitsui Sumitomo Insurance Co., Ltd. virtual bagi produk tradisional.
• Melakukan perubahan nama menjadi PT Asuransi Jiwa • Mengalami perubahan sistem keagenan dimulai sejak bulan
Sinarmas MSIG. Desember.
• Entered into cooperation with Mitsui Sumitomo Insurance • Launched M-Polis digital application.
Co., Ltd. • Began the process of implementing a virtual sales scheme for
• Changed its name to PT Asuransi Jiwa Sinarmas MSIG. traditional products.
• Started the transformation of agency system in December.
2012 - 2014 2021
Meluncurkan seri produk dengan merek dagang SMiLe
• Melakukan peluncuran VEGA sebagai aplikasi kebijakan satu
(Sinarmas MSIG Life).
atap untuk nasabah, menggantikan M-Polis.
Launched product series under the trademark SMiLe • Melakukan peluncuran ORION sebagai aplikasi pemasaran
(Sinarmas MSIG Life). dalam penjualan sehari-hari.
• Melakukan peluncuran CERES sebagai aplikasi administrasi
2015 kepegawaian sekaligus mendukung program work from
anywhere bagi karyawan.
Melakukan relokasi kantor manajemen dan layanan nasabah ke
• Launched VEGA as a one-stop policy application for customers,
Sinarmas MSIG Tower, Sudirman, Jakarta Selatan.
replacing M-Polis.
Relocated the management and customer service office to • Launched ORION as a marketing application for day-to-day
Sinarmas MSIG Tower, Sudirman, South Jakarta. sales.
• Launched CERES as a personnel administration application
while supporting work from anywhere program for employees.
2016
Memperluas jaringan usaha dengan menambah jumlah kantor
layanan dan pemasaran dalam jumlah besar di berbagai wilayah di
Indonesia.
Expanded the business network by adding a large number of
service and sales offices in various regions in Indonesia.
PT MSIG Life Insurance Indonesia Tbk 56 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
2022 - 2024 2025
2022 2025
• Meningkatkan ekspansi keagenan dengan menambah 9 Agen
• Melakukan perubahan nomor telepon, alamat surat
Kantor Mandiri.
elektronik, dan nomor faksimili resmi Perseroan untuk
• Melakukan peluncuran produk tradisional di jalur distribusi
memastikan keakuratan informasi serta kemudahan akses
keagenan dan bancassurance.
komunikasi.
• Mengimplementasikan integrasi sistem digital nasabah dan
• MSIG Asia menjadi title partner turnamen sepak bola
tenaga pemasar untuk memudahkan layanan nasabah.
wanita ASEAN, ASEAN MSIG Serenity Cup™, bersama AFF
• Expanded the agency with 9 more Independent Office Agents. sekaligus melanjutkan peran sebagai Official Insurance
• Launched traditional products in agency and bancassurance Partner turnamen utama ASEAN United FC, selaras dengan
distribution channels. misi Perseroan melindungi kesejahteraan finansial dan
• Implemented digital system integration for customers and memberdayakan masyarakat, khususnya perempuan.
marketers to facilitate customer service. • Menyetujui pemisahan Unit Usaha Syariah PT MSIG Life
Insurance Indonesia Tbk dengan mendirikan PT MSIG
2023 Syariah Life Insurance Indonesia, yang berlaku efektif
setelah memperoleh izin usaha dari Otoritas Jasa
• Melakukan perubahan nama dan logo Perseroan dengan nama Keuangan.
PT MSIG Life Insurance Indonesia Tbk. • Mengubah Pasal 3 Anggaran Dasar mengenai maksud,
• Melakukan perubahan alamat situs web dan media sosial tujuan, dan kegiatan usaha sesuai KBLI 2020, sekaligus
Perseroan. menghapus Pasal 20 tentang Dewan Pengawas Syariah
• Melakukan relokasi Kantor Pusat menjadi di Sinarmas MSIG seiring dengan pemisahan Unit Usaha Syariah ke entitas
Tower Lt. 6, Jl. Jend. Sudirman Kav. 21 Jakarta Selatan 12920. syariah baru.
• Changed the Company’s name and logo to PT MSIG Life • Meningkatkan ekspansi keagenan dengan meresmikan
Insurance Indonesia. 3 Agen Kantor Mandiri guna memperluas jangkauan
• Changed the Company’s website address and social media layanan dan meningkatkan aksesibilitas produk asuransi
platforms. bagi masyarakat.
• Relocated the Head Office to Sinarmas MSIG Tower, 6th Fl, • Updated the Company’s official telephone number,
Jl. Jend. Sudirman Kav. 21 Jakarta Selatan 12920. electronic mail address, and facsimile number to ensure
the accuracy of information and facilitate ease of
2024 communication.
• MSIG Asia became the title partner of ASEAN women’s
• Memperoleh persetujuan dari Otoritas Jasa Keuangan atas football tournament, ASEAN MSIG Serenity Cup™, in
rencana pemisahan Unit Usaha Syariah. collaboration with ASEAN Football Federation (AFF),
• Mengumumkan Rencana Kerja Pendirian Perusahaan Asuransi while continuing its role as the Official Insurance Partner
Jiwa Syariah sebagai langkah strategis dalam pengembangan for major ASEAN United FC tournaments, in line with the
bisnis berbasis prinsip syariah. Company’s mission to maintain financial well‑being and
• Meningkatkan ekspansi keagenan dengan meresmikan 13 empower communities, particularly women.
Agen Kantor Mandiri guna memperluas jangkauan layanan dan • Approved the spin‑off of Sharia Business Unit of PT MSIG
meningkatkan aksesibilitas produk asuransi bagi masyarakat. Life Insurance Indonesia Tbk through the establishment
• Sebagai bagian dari MSIG Asia, Perseroan turut mendukung of PT MSIG Syariah Life Insurance Indonesia, which
perkembangan sepak bola ASEAN dengan berkontribusi became effective upon the issuance of a business license
dalam penyelenggaraan 4 turnamen utama yang diadakan by the Financial Services Authority.
oleh Federasi Sepak Bola ASEAN (AFF), di mana MSIG Asia • Amended Article 3 of the Articles of Association on the
menjadi sponsor top-tier. Company’s purposes, objectives, and business activities
• Obtaining approval from the Financial Services Authority for in accordance with KBLI 2020, and removed Article 20 on
the spin-off plan of its sharia Business Unit. Sharia Supervisory Board following the transfer of Sharia
• Announcing its Work Plan for Establishing a Sharia Life Business Unit to the newly established sharia entity.
Insurance Company as a strategic initiative to develop its • The Company further strengthened agency expansion by
business based on Sharia principles. inaugurating 3 Independent Office Agents to expand its
• Strengthening its agency expansion by inaugurating 13 service network and enhance public access to insurance
Independent Office Agents to broaden service outreach and products.
enhance accessibility to insurance products for the public.
• As part of MSIG Asia, the Company actively supports
the growth of ASEAN football by contributing to the
organization of 4 major tournaments held by the ASEAN
Football Federation (AFF), where MSIG Asia serves as
a top-tier sponsor.
2025 Annual Report 57 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Visi, Misi, dan Nilai-Nilai Perusahaan
Vision, Mission, and Company Values
VISI
VISION
“Menciptakan grup usaha asuransi
dan jasa keuangan terkemuka
di dunia secara berkelanjutan
mengusahakan pertumbuhan serta
meningkatkan nilai perusahaan.”
“To create a world-leading
insurance and financial services
group that consistently pursues
sustainable growth and enhances
corporate value.”
MISI
MISSION
“Memberikan kontribusi bagi pengembangan masyarakat yang dinamis dan turut
serta menjaga masa depan bumi, dengan memberikan keamanan dan ketenangan
pikiran melalui usaha asuransi dan jasa keuangan global.”
“To contribute to the development of a vibrant society and help secure a sound future
for the planet, by enabling safety and peace of mind through the global insurance and
financial services business.”
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Profil Perusahaan
Company Profile
NILAI-NILAI PERUSAHAAN
COMPANY VALUES
Fokus pada Nasabah
Customer Focus
Senantiasa berupaya memberikan jaminan keamanan kepada nasabah dan menciptakan kepuasan nasabah.
Always striving to guarantee security to customers and create customer satisfaction.
Integritas
Integrity
Tulus, jujur, dan adil dalam memberikan layanan.
Sincere, honest, and fair in providing services.
Kerja Sama Tim
Teamwork
Meraih pertumbuhan bersama dengan cara saling menghargai kepribadian dan pendapat satu sama lain serta
saling berbagi pengetahuan dan ide.
Achieving mutual growth by respecting each other’s personalities, opinions, and sharing knowledge and ideas.
Inovasi
Innovation
Mendengarkan para pemangku kepentingan dan senantiasa berupaya memperbaiki cara bekerja dan berusaha.
Listening to stakeholders and constantly striving to improve the way of working and doing business.
Profesionalisme
Professionalism
Senantiasa meningkatkan kemampuan dan kecakapan untuk memberikan layanan berkualitas tinggi.
Continuously improving skills and capabilities to provide high-quality services.
Tinjauan terhadap Visi, Misi, dan Nilai-Nilai Review of the Company’s Vision, Mission, and
Perusahaan oleh Dewan Komisaris dan Core Values by the Board of Commissioners
Direksi and Board of Directors
Visi, misi, dan nilai-nilai perusahaan telah ditinjau dan The Company’s vision, mission, and core values are periodically
disetujui secara berkala oleh Dewan Komisaris dan reviewed and approved by the Board of Commissioners and
Direksi guna memastikan keberlanjutan relevansinya. Board of Directors to ensure their continued relevance.
2025 Annual Report 59 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Filosofi Nama dan Logo Perusahaan
Philosophy of the Company’s Name and Logo
“Logo ini mewakili upaya Grup untuk mencapai pertumbuhan yang
dinamis dan menjadi salah satu perusahaan terkemuka di masa ini
MSIG dengan tetap mempertahankan ketangguhan yang dimiliki.”
“The brand mark represents the endeavor of the group to achieve
dynamic growth and become one of the leading companies of
the millennium while preserving unshakable reliability.”
Warna biru melambangkan tradisi kepercayaan dan layanan berkualitas.
The blue color symbolizes a tradition of trust and quality service.
Warna merah berbentuk seperti puncak ombak, memberikan semangat dan komitmen untuk terus tumbuh berkelanjutan.
The red color shaped like the crest of a wave, symbolizes passion and commitment to sustainable growth.
Sebagai elemen kunci dalam komunikasi visual, brandmark melambangkan filosofi perusahaan Mitsui Sumitomo Insurance. Sebagai
aturan umum, merek ini ditampilkan dalam warna tersebut (Mitsui berwarna merah dan Sumitomo berwarna biru).
The key element for visual communication, the brandmark symbolizes the corporate philosophy of Mitsui Sumitomo Insurance.
As a general rule, it is displayed in color (Mitsui red and Sumitomo blue).
Tagline Perusahaan
Company Tagline
Live oiut r way
“MSIG Life ada untuk setiap makna hidupmu,
y
mendampingi masyarakat Indonesia untuk menjalani hidup
sepenuhnya.”
“MSIG Life is there for every meaning of your life, accompanying
the Indonesian community to live life to the fullest.”
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Profil Perusahaan
Company Profile
Keanggotaan pada Asosiasi
Association Membership
Perseroan aktif berpartisipasi melalui berbagai forum dan The Company actively participates in various forums and
kegiatan yang relevan dengan industri asuransi dan jasa activities relevant to the insurance and financial services
keuangan. Perseroan tercatat sebagai anggota sejumlah industry. The Company is registered as a member of several
asosiasi, sebagaimana ditampilkan dalam tabel berikut: associations, as presented in the following table:
Asosiasi Asuransi Jiwa Indonesia Asosiasi Asuransi Syariah Indonesia
Indonesia Life Insurance Association Indonesia Sharia Insurance Association
Skala / Scale: Skala / Scale:
Nasional / National Nasional / National
Posisi Perseroan / Company’s Position: Posisi Perseroan / Company’s Position:
Anggota / Member Anggota / Member
Indonesia Corporate Secretary Association Lembaga Alternatif Penyelesaian
Sengketa Sektor Jasa Keuangan
Alternative Dispute Resolution Center
in the Financial Services Sector
Skala / Scale: Skala / Scale:
Nasional / National Nasional / National
Posisi Perseroan / Company’s Position: Posisi Perseroan / Company’s Position:
Anggota / Member Anggota / Member
2025 Annual Report 61 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Kegiatan Usaha
Business Activities
Kegiatan Usaha Menurut Anggaran Dasar Business Activities According to
Terakhir the Latest Articles of Association
Berdasarkan Pasal 3 Anggaran Dasar terbaru, Perseroan Based on Article 3 of the Articles of Association, the
berfokus pada penyelenggaraan usaha asuransi jiwa, baik Company focuses on organizing life insurance business, both
secara konvensional maupun berdasarkan prinsip syariah, conventionally and based on sharia principles, as well as
serta pengelolaan dana pensiun lembaga keuangan. Seluruh managing pension funds for financial institutions. All such
kegiatan tersebut dijalankan sesuai ketentuan perundang- activities are carried out in compliance with the prevailing
undangan yang berlaku dan telah memperoleh izin dari laws and regulations and have obtained the necessary licenses
Otoritas Jasa Keuangan. from the Financial Services Authority.
Kegiatan Usaha yang Dijalankan pada Business Activities Conducted in the Fiscal
Tahun Buku Year
Pada tahun 2025, Perseroan telah menjalankan seluruh In 2025, the Company carried out all core business activities as
kegiatan usaha utama sebagaimana tercantum dalam Pasal stipulated in Article 3 of the Company's Articles of Association.
3 Anggaran Dasar Perseroan. Kegiatan tersebut mencakup These activities include risk mitigation services, defined
layanan penanggulangan risiko, pengelolaan dana pensiun contribution pension fund management, and fee-based
iuran pasti, serta layanan berbasis imbal jasa (fee based), yang services, all of which were carried out pursuant to applicable
seluruhnya dijalankan sesuai ketentuan peraturan perundang- laws and regulations.
undangan yang berlaku.
Sejalan dengan penguatan struktur usaha, Perseroan juga Along with strengthening its business structure, the Company
tengah menjalani proses pemisahan Unit Usaha Syariah also underwent the process of spinning-off its Sharia Business
(spin-off) menjadi entitas tersendiri, sebagai bagian dari upaya Unit into a separate entity, as part of efforts to comply with
penyesuaian terhadap ketentuan regulator serta peningkatan regulatory requirements and increase focus on sharia business
fokus pengelolaan bisnis syariah. management.
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Profil Perusahaan
Company Profile
2025 Annual Report 63 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Produk dan Jasa
Products and Services
MSIG Life terus menghadirkan inovasi dan pengembangan berkelanjutan dalam menyediakan solusi perlindungan terbaik bagi
nasabah, mencakup produk individu, bancassurance, hingga produk kumpulan. Seluruh layanan dirancang oleh tim profesional yang
berpengalaman untuk menghadirkan produk dan layanan yang relevan dengan kebutuhan setiap tahap kehidupan.
MSIG Life continues to deliver innovation and sustainable development in providing optimal protection solutions for customers,
encompassing individual products, bancassurance, and group products. All services are designed by experienced professional
teams to deliver products and services relevant to the needs of customers at every stage of life.
Produk Asuransi Jiwa Individu
1 Life Individual Insurance Products
Produk asuransi yang memberikan perlindungan finansial yang fleksibel dan komprehensif, dirancang untuk
memenuhi berbagai kebutuhan nasabah dalam merencanakan masa depan yang lebih aman.
Insurance products that provide flexible and comprehensive financial protection, designed to meet the various
needs of customers in planning a more secure future.
Asuransi Jiwa Dasar Tradisional Asuransi Jiwa Unit Link Asuransi Jiwa Syariah
Traditional Basic Life Insurance Unit Link Life Insurance Sharia Life Insurance
• SMiLe Berkat SMiLe Optima Flexilink • SMiLe Personal Accident Syariah
• SMiLe Personal Accident • SMiLe Plan Maxima Syariah
• SMiLe Pro Infinite
• SMiLe Ultima Term Life
• SMiLe Wealth Protection
• SMiLe Critical Ultima Care
PT MSIG Life Insurance Indonesia Tbk 64 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
2
Produk Bancassurance
Bancassurance Products
Produk asuransi yang menyediakan solusi asuransi yang praktis dan mudah diakses melalui kemitraan
dengan bank, memberikan perlindungan finansial langsung di titik layanan perbankan.
Insurance products that provide practical and accessible insurance solutions through partnerships
with banks, these products provide financial protection directly at the point of banking services.
Simas Income Protection Sinarmas Optima Plus Smart Maxi Assurance
Simas Kid Insurance Sinarmas Pension Plan SMiLe Whole Life Protection
Simas Kid Insurance Syariah Smart Life Protection SMiLe Wealth Guard Syariah
SMiLe Flexi Link SMiLe Life Syariah Smart Wealth Assurance
Sinarmas Maxi Life SMiLe Life Extra Plus SMiLe EduKid
Sinarmas Maxi Assurance
3
Produk Asuransi Jiwa Kumpulan
Group Life Insurance Products
Produk asuransi memberikan perlindungan menyeluruh bagi karyawan atau anggota organisasi,
membantu perusahaan menjaga kesejahteraan dan keamanan finansial bagi seluruh timnya.
Insurance products that provide comprehensive protection for employees or members of an organization,
assisting companies in maintaining the well-being and financial security of their entire team.
Group Term Life Group Personal Accident
Mortgage Redemption Insurance (MRI) SMiLe Medicare
4
Produk Asuransi Direct Marketing
Direct Marketing Insurance Products
Produk asuransi yang menyediakan solusi asuransi yang praktis dan mudah diakses melalui jalur
distribusi digital.
Insurance products that provide practical and easily accessible insurance solutions through digital
distribution channels.
eSMiLe Accident Care
2025 Annual Report 65 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Wilayah Operasional
Operational Area
Alamat Kantor Pusat
Head Office Address
Sinarmas Land Plaza Sudirman Lt. 6 : (021) 5059 7777
Jl. Jend. Sudirman Kav. 21 : (021) 5059 8899
Jakarta Selatan12920 : corsec@msiglife.co.id
: www.msiglife.co.id
PT MSIG Life Insurance Indonesia Tbk 66 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Kantor Pusat
Head Office
Kantor Pemasaran
Sales Offices
Agen Kantor Mandiri
Independent Office Agents
Alamat Kantor Pemasaran
Sales Offices Address
Bandung Bali Batam
Wisma Simas All Finance Lt. 4 Jl. Gatot Subroto Tengah No. 100 Blok C-D Komplek Naga Sakti No. 1
Jl. Abdul Rivai No. 2 Lt. 2 & 3 Jl. Raden Patah, Lubuk Baja, Lubuk Baja
Bandung Denpasar, Bali Batam
: (022) 420 7676, 088 8947 3193 : (0361) 237 342 : (0778) 488 8175
: (022) 420 7220 : (0361) 262 197 : (0778) 416 9297
Gorontalo Jakarta Jakarta
Jl. HB Yassin No. 11 Lt. 3 Wisma Eka Jiwa Lt. 9 Mall Ambassador Lt. 5 Ruangan 9 A, B, C, D
Limba B, Kota Selatan Jl. Mangga Dua Raya Jl. Prof. Dr. Satrio No. 8
Gorontalo Jakarta Pusat Jakarta Selatan
: (0435) 834 865, 834 863 : (021) 625 7808, ext. 5401, 5200, 5914 : (021) 5793 3633
: (021) 625 7837 : (021) 5793 3600
2025 Annual Report 67 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Makassar Manado Mataram
Komplek Latanete Plaza Blok D 11-12 Gedung Bank Sinarmas Lt. 5 Gedung SMMF Lt. 4
Jl. Sungai Saddang Jl. Sam Ratulangi No. 18 Ling. VI Jl. Pejanggik No. 22
Makassar Wenang Utara, Wenang, Manado Mataram Barat, Selaparang, Kota Mataram
: (0411) 362 8522, 362 6641 : (0431) 844 030 : (0370) 785 3802
: (0411) 361 6638 : (0431) 855 003 : (0370) 785 3798
Medan Purwokerto Semarang
Gedung Podomoro City Deli Lt. 11, Jl. S. Parman No. 239 Blok E Jl. Soekarno Hatta No. 280A
Suite 09 &10 Purwokerto Kulon, Purwokerto Selatan Kalicari, Pedurungan, Semarang
Jl. Putri Hijau/Guru Patimpus No. 1 OPQ Banyumas
Kesawan, Medan Barat, Kota Medan : (0281) 626 485, 628 103
: (061) 5010 0289 : (0281) 622 802
: (061)451 7339
Semarang Surabaya
Rukan Pemuda Mas Lt. 1 & 2 Blok B. 8 Wisma BII Lt. 6 Office 602-603
Jl. Pemuda No. 150 Jl. Pemuda No. 60-70
Semarang Surabaya
: (024) 358 8828 : (031) 531 8146
: (024) 358 8826 : (031) 531 8146
Agen Kantor Mandiri
Independent Office Agents
AKM YDK Group Indonesia - Bali AKM Lion Lucky - Bandung AKM Ikigai Optimis Agency - Bandung
Jl. Mahendradata No. 168B Jl. Batununggal Raya No. 365 Jl. Mekar Utama I/22
AKM Values Agency - Bandung AKM New Prosper - Batam AKM Colibri Agency - Cirebon
Paskal Hyper Square A-07 Ruko Anggrek Sari Blok G No. 16 Jl. Pangeran Cakrabuana Blok Jepura No. 5
Batam Center
AKM Infinity Sinar Mulya - Cirebon AKM Optimis Kaizen - Cirebon AKM Rumah Asuransi Nusantara -
Jl. Merdeka No. 5B Ruko Mall CSB Blok Berry Green No. 112B Jakarta
Jl. Dr. Cipto Mangunkusumo No. 26 Ruko Wisma Gading Permai
Jl. Boulevard Raya CN 1 R01 No. 15
AKM Grow Agency - Jakarta Barat AKM Optimis Jakarta AKM Optimis Unity (PT Kerja Gue Asik)
Gedung PJS Tower Unit 801-802 (PT Optimis Tambah Jaya) - - Jakarta Barat
Jl. Daan Mogot KM 14 No. 1 Jakarta Barat Wisma 77 Lt. 2, Zona 4
Gedung Total Lt. 5, Suite 0506 Jl. Letjen S. Parman Kav. 77
Jl. Letjen S. Parman Kav. 106-A
AKM Smart Solution – Jakarta Barat AKM New Star Providence - AKM Skystar Corporation -
Kawasan Ciputra International, Jakarta Pusat Jakarta Selatan
Super Block Lt. 19. Sahid Sudirman Center Building Lt. 45 Gedung SOHO Podomoro City Lt. 7
Jl. Lkr. Luar Barat No. 101 D&H Excessia Office Room F Suite 2706
Jl. Jend. Sudirman No. 86 Jl. Letjen S. Parman Kav. 28
AKM Power of Business Multiplication - AKM Rich Priority - Jambi AKM Success Agency - Kendari
Jakarta Utara Komplek Ruko Abadi No. 100 Jl. Lasandara No. 11B
Mall Indonesia Jl. M. Husni Thamrin
Rukan Fenchwalk Evian G No. 21
Jl. Boulevard Barat
AKM Star Infinite Group Agency - AKM Olympus A88 - Makassar AKM Olympus E - Malang
Madiun Ruko Cendrawasih Square No. 18B Ruko Malang Trade Center Kav. A9
Jl. Biliton Jl. Jembatan Merah Jl. R. Panji Suroso
AKM Infinity Agency - Mataram AKM Chan Agency - Medan AKM Yes Agency – Medan
Jl. Catur Warga No. 9C Komplek CBD Polonia Blok B No. 10 Ruko Komplek Centre Point Business Park
Blok M No. 5
Jl. Jawa No. 8
AKM Marwali Lino - Medan AKM Rich Kingdom Agency - Medan AKM Optimis Medan 1
Jl. Emas, Sei Rengas II, Medan Area Gedung Josephine Building Lt. 5 Jl. Gatot Subroto Tengah No. 135
Jl. H. Adam Malik No. 25-A
AKM Optimis Medan 2 AKM YDK Group – Padang AKM YDK Group - Pekalongan
Komplek Multatuli Blok B No. 44/45 Jl. Veteran No. 81A Ruko Tentara Pelajar No. 1
Jl. Multatuli
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Profil Perusahaan
Company Profile
AKM Victory - Pekanbaru AKM Smart Believe Team - Pontianak AKM IKN Nusantara - Samarinda
Jl. Soekarno Hatta No. 25E Komplek Ruko Mega Mall Blok I No. 16 Jl. Ahmad Yani Ruko Mitra Mas 8 No. 12A
Jl. Ahmad Yani
AKM Smart Synergy Gemilang - AKM Olympus H - Surabaya AKM Optimis Yess Agency - Surabaya
Semarang Ruko Royal Residence BS 10-50 Jl. Jawa 2 Kav. 29
Jl. Singosari Raya No. 69 Jl. Royal Residence
AKM Star Salihara Agency - Surabaya AKM Optima Maju - Surabaya AKM Marvel - Surabaya
Jl. Wono Agung No. 21 Jl. Raya Prapen 61E Gedung Praxis Lt. 3 No. 3A-12
Jl. Sono Kembang No. 4-6
AKM Optimis - Surabaya AKM Jkt Triple V Infinity 7 - Tangerang AKM Smart Blessing Teams - Tangerang
Grand City Mall, Lt. LG Unit 1B-3 Solvang Arcade Mission Drive/09 Ruko Prominance Alam Sutra 38D/16
Jl. Wali Kota Mustajab No. 1 Jl. Sutra Niaga, Alam Sutra
AKM YDK Group Jakarta - Tangerang AKM Kawanua Gamalama Agency -
Ruko Bolsena Blok E No. 50 Ternate
Gading Serpong Jl. MT. Habib Abubakar Al Attas
2025 Annual Report 69 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Struktur Organisasi per 31 Desember 2025
Organizational Structure as of December 31, 2025
Rapat Umum Pemegang Saham
Komite Investasi dan Keuangan General Meeting of Shareholders
Investment and Finance Committee
Ketua / Chairman : Eiji Takahashi
Komite Teknologi Informasi dan Operasional
Information Technology and Operations Committee
Ketua / Chairman : Elly Susanti
Direksi Dewan Pengawas Syariah
Board of Directors Sharia Supervisory Board
Product Steering Committee
Ketua / Chairman : Dr. H. Rahmat Hidayat, S.E., M.T.
Anggota / Member : Ahmadi Sukarno
Ketua / Chairman : Tju Cunardi
Komite Manajemen Risiko
Risk Management Committee
Ketua / Chairman : Tomoyuki Monden
Komite Sumber Daya Manusia
Human Capital Committee
Ketua / Chairman : Bagus Harimawan
Leony Samosir Wianto Vaji Vitrada Nasution
Sekretaris Perusahaan Presiden Direktur Unit Audit Internal
Corporate Secretary President Director Internal Audit Unit
Herman Sulistyo Ken Terada Elly Susanti5) Bagus Harimawan
Director Director Director Chief Human Capital
Officer
Digital & Alternate Distribution Individual Operations Human Capital Bussiness
Partnership Distribution
and Customer Proposition and Claim Partner and People Analytics
Agency Business Data Analytics Human Capital Bussiness
Group Operations
Partner and Talent Acquisition
Corporate Business PMO Business Customer Care, Protection Human Capital Learning
and DPLK and Customer and Distributor Care and Development
Human Capital Rewards
Sharia Business PMO IT and Data Operation Excellence
and Service Delivery
Japanese Desk Corporate Communication Distributor Operations
Japanese Desk Business IT
Event Management
Transformation
Agency Sales Best Practice Customer NPS IT Security and Governance
Operation Development
and Control
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Profil Perusahaan
Company Profile
Komite Audit
Audit Committee
Ketua / Chairman : Teuku Radja Sjahnan
Anggota / Member : Karel Tjahjadi
Bambang Santoso Marsoem
Komite Pemantau Risiko
Risk Oversight Committee
Ketua / Chairman : Nazly Parlindungan Siregar
Anggota / Member : Hideaki Nomura
Renova Siregar
Troy Steve Kipuw
Komite Kebijakan Tata Kelola Perusahaan
Good Corporate Governance Committee
Dewan Komisaris
Ketua / Chairman : Hideaki Nomura
Board of Commissioners
Anggota / Member : Teuku Radja Sjahnan
Nazly Parlindungan Siregar
• Presiden Komisaris / : Indra Widjaja
Renova Siregar
President Commissioner
• Komisaris / Commissioner : Hideaki Nomura
Kimitake Sugiura6) Komite Nominasi dan Remunerasi
Toshinari Tokoi3) Nomination and Remuneration Committee
• Komisaris Independen / : Ardhayadi Mitroatmodjo3)
Independent Commissioners Sidharta Akmam Ketua / Chairman : Sidharta Akmam
Nazly Parlindungan Siregar Anggota / Member : Indra Widjaja
Teuku Radja Sjahnan Hideaki Nomura
Kimitake Sugiura
Bagus Harimawan
Andreas Octavianus Ferventika Sundah
Unit Kerja Khusus APU PPT Aktuaris Perusahaan
AML CTF Dedicated Work Unit Company Actuary
Eiji Takahashi4) Andrew Bain1) Tomoyuki Monden Renova Siregar Satoshi Shiratani2)
Deputy President Chief Compliance, Deputy President
Director Director Legal, & Corporate
Director Director
Secretary
Actuary and Product
Risk Management Compliance
Management
Finance Accounting Legal dan Corporate
and Tax Secretary
General Support
Corporate Planning
Investment
Keterangan / Notes:
1)
Efektif berhenti menjabat pada tanggal 7 Januari 2025 / Effectively resigned as of January 7, 2025.
2)
Efektif berhenti menjabat pada tanggal 22 April 2025 / Effectively resigned as of April 22, 2025.
3)
Efektif berhenti menjabat pada tanggal 24 Juni 2025 / Effectively resigned as of June 24, 2025.
4)
Efektif menjabat pada tanggal 22 April 2025 / Effectively assumed office as of April 22, 2025.
5)
Efektif menjabat pada tanggal 20 Agustus 2025 / Effectively assumed office as of August 20, 2025.
6)
Efektif menjabat pada tanggal 19 Desember 2025 / Effectively assumed office as of December 19, 2025.
2025 Annual Report 71 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
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Profil Dewan Komisaris
Profile of the Board of Commissioners
Indra Widjaja
Presiden Komisaris
President Commissioner
Warga Negara Indonesia, 73 tahun. Memperoleh gelar Bachelor An Indonesian, 73 years old. He obtained a Bachelor of Commerce
of Commerce dari Nanyang University (1974). Beliau telah degree from Nanyang University (1974). He holds a professional
memiliki sertifikasi profesi yaitu Risk Management – Certified certification in Risk Management - Certified Risk Governance
Risk Governance Professional dari Lembaga Sertifikasi Profesi Professional issued by the Professional Certification Institute for
Manajemen Risiko (2023-2026). Beliau diangkat menjadi Presiden Risk Management (2023–2026). He was appointed as President
Komisaris berdasarkan Akta No. 31 tanggal 24 Juni 2025 Commissioner pursuant to Deed No. 31 dated June 24, 2025
(2025-2027), Akta No. 57 tanggal 27 Juni 2023 (2023-2025), Akta (2025–2027), Deed No. 57 dated June 27, 2023 (2023–2025), Deed
No. 59 tanggal 25 Mei 2021 (2021-2023), dan Akta No. 46 tanggal No. 59 dated May 25, 2021 (2021–2023), and Deed No. 46 dated
23 Mei 2019 (2019-2021). May 23, 2019 (2019–2021).
Sebelumnya, pernah menjabat sebagai Komisaris Utama Previously, he served as President Commissioner of PT Sinar
PT Sinar Mas Multiartha Tbk (2001-2023), Komisaris Utama Mas Multiartha Tbk (2001–2023), President Commissioner
PT Asuransi Sinar Mas (2013-2024), Direktur Utama PT Asuransi of PT Asuransi Sinar Mas (2013–2024), President Director of
Sinar Mas (2005-2013), Komisaris Utama PT Asuransi Sinar PT Asuransi Sinar Mas (2005–2013), President Commissioner of
Mas (2003-2004), Komisaris Utama PT Sinar Mas Sekuritas PT Asuransi Sinar Mas (2003–2004), President Commissioner
(1999-2001), Wakil Komisaris Utama PT Sinartama Gunita of PT Sinar Mas Sekuritas (1999–2001), Vice President
(1999-2002), Komisaris Utama PT KB Insurance (1997-2024), Commissioner of PT Sinartama Gunita (1999–2002), President
Presiden Direktur PT Bank Internasional Indonesia Tbk (1989-1999), Commissioner of PT KB Insurance (1997–2024), President
Komisaris PT Asuransi Jiwa Purnamala Internasional Indonesia Director of PT Bank Internasional Indonesia Tbk (1989–1999),
(saat ini PT MSIG Life Insurance Indonesia Tbk) (1984-2006), Wakil Commissioner of PT Asuransi Jiwa Purnamala Internasional
Komisaris Utama PT Asuransi Sinar Mas (1984-2003), Komisaris Indonesia (currently PT MSIG Life Insurance Indonesia Tbk)
PT Sinar Mas Multiartha (1982-2001), Wakil Presiden Direktur (1984–2006), Deputy President Commissioner of PT Asuransi
PT Bank Internasional Indonesia Tbk (1982-1989), Direktur Sinar Mas (1984–2003), Commissioner of PT Sinar Mas Multiartha
PT Witikco (1974-1982), dan Direktur PT Bimoli (1974-1982). (1982–2001), Vice President Director of PT Bank Internasional
Indonesia Tbk (1982–1989), Director of PT Witikco (1974–1982),
and Director of PT Bimoli (1974–1982).
Saat ini, beliau memiliki rangkap jabatan sebagai Komisaris Utama At present, he concurrently serves as President Commissioner of
PT AB Sinar Mas Multifinance (sejak 2009), Komisaris Utama PT AB Sinar Mas Multifinance (since 2009), President Commissioner
PT Sinar Mas Multifinance (sejak 2004), dan Komisaris Utama of PT Sinar Mas Multifinance (since 2004), and President
PT Sinartama Gunita (sejak 2002). Pada tahun 2025, beliau Commissioner of PT Sinartama Gunita (since 2002). In 2025, he held
merangkap jabatan sebagai Anggota Komite Nominasi dan a concurrent position as a Member of the Company’s Nomination
Remunerasi di Perseroan (sejak 2019). and Remuneration Committee (since 2019).
Beliau mempunyai hubungan afiliasi dengan Pemegang Saham, He is affiliated with the Shareholder, PT Sinar Mas Multiartha Tbk.
yaitu PT Sinar Mas Multiartha Tbk. Adapun beliau tidak mempunyai He is not affiliated with the Board of Commissioners, Sharia
hubungan afiliasi dengan Dewan Komisaris, Dewan Pengawas Supervisory Board, and/or Board of Directors of the Company.
Syariah, dan/atau Direksi Perseroan.
PT MSIG Life Insurance Indonesia Tbk 72 Laporan Tahunan 2025
Page 75
Profil Perusahaan
Company Profile
Hideaki Nomura
Komisaris
Commissioner
Warga Negara Jepang, 62 tahun. Memperoleh gelar Master of A Japanese, 62 years old. He obtained a Master of Business
Business Administration dari Graduate School of International Administration degree from the Graduate School of International
Corporate Strategy, Hitotsubashi University, Tokyo (2004), Master Corporate Strategy, Hitotsubashi University, Tokyo (2004),
of Business Administration Exchange Program dari Anderson a Master of Business Administration through an Exchange
Business School, University of California, Los Angeles (2003), Program at Anderson Business School, University of California,
dan Sarjana Ekonomi dari Universitas Keio, Jepang (1986). Los Angeles (2003), and a Bachelor of Economics degree from
Beliau telah memiliki sertifikasi profesi yaitu Risk Management – Keio University, Japan (1986). He holds a professional certification
Certified Risk Governance Professional dari Lembaga Sertifikasi in Risk Management - Certified Risk Governance Professional
Profesi Manajemen Risiko (2023-2026). Beliau diangkat menjadi issued by the Professional Certification Institute for Risk
Komisaris berdasarkan Akta No. 31 tanggal 24 Juni 2025 Management (2023–2026).He was appointed as Commissioner
(2025-2027), Akta No. 57 tanggal 27 Juni 2023 (2023-2025), pursuant to Deed No. 31 dated June 24, 2025 (2025–2027), Deed
Akta No. 59 tanggal 25 Mei 2021 (2021-2023), dan Akta No. 36 No. 57 dated June 27, 2023 (2023–2025), Deed No. 59 dated
tanggal 22 Agustus 2019 (2019-2021). May 25, 2021 (2021–2023), and Deed No. 36 dated August 22, 2019
(2019–2021).
Sebelumnya, pernah menjabat sebagai Wakil Ketua Direksi BOCOM Previously, served as Vice President Director of BOCOM MSIG
MSIG Life Insurance Co., Ltd., Cina (2021-2025), Direktur BOCOM Life Insurance Co., Ltd., China (2021–2025), Director of BOCOM
MSIG Life Insurance Co., Ltd., Cina (2021-2022), Special Advisor MSIG Life Insurance Co., Ltd., China (2021–2022), Special Advisor
of International Business Planning Department MS&AD Insurance of the International Business Planning Department at MS&AD
Group Holdings, Inc. (2019-2025), Special Advisor of Asian Life Insurance Group Holdings, Inc. (2019–2025), and Special Advisor
Insurance Business Department Mitsui Sumitomo Insurance Co., Ltd of the Asian Life Insurance Business Department at Mitsui
(2019-2025), General Manager Asian Life Insurance Business Sumitomo Insurance Co., Ltd. (2019–2025), General Manager of
Department Mitsui Sumitomo Insurance Co., Ltd (2013-2019), Asian Life Insurance Business Department of Mitsui Sumitomo
Non-Executive Director Max Life Insurance Co., Ltd., India Insurance Co., Ltd. (2013–2019), Non-Executive Director of Max Life
(2012-2020), Deputy General Manager Corporate Planning Insurance Co., Ltd., India (2012–2020), Deputy General Manager of
Department and Asian Life Insurance Business Department Mitsui Corporate Planning Department and Asian Life Insurance Business
Sumitomo Insurance Co., Ltd (2008-2013), Manager Human Resource Department of Mitsui Sumitomo Insurance Co., Ltd. (2008–2013),
Department and Corporate Planning Department Mitsui Sumitomo Manager of Human Resource Department and Corporate Planning
Insurance Co., Ltd (2002-2008), Deputy Manager Financial Business Department of Mitsui Sumitomo Insurance Co., Ltd. (2002–2008),
Planning Department Mitsui Marine and Fire Insurance Co., Ltd. (saat and Deputy Manager of Financial Business Planning Department
ini Mitsui Sumitomo Insurance Co., Ltd.) (1998-2002), dan tergabung of Mitsui Marine and Fire Insurance Co., Ltd. (currently Mitsui
dalam pemberian pinjaman kepada perusahaan perusahaan Jepang, Sumitomo Insurance Co., Ltd.) (1998–2002), and he was involved in
M&A Finance, Analis Kredit, Financial Derivatives Sales, Bond Japanese corporate lending, M&A finance, Credit Analysis, Financial
Trading and Fixed Income Market Analysis di Cabang Tokyo, Cabang Derivatives Sales, Bond Trading and Fixed Income Market Analysis
Sapporo, Kantor Pusat di Tokyo dan London berbasis Perbankan at Tokyo Branch, Sapporo Branch, and Head Office in Tokyo and
Investasi pada Entitas Anak Bank Nippon Credit (1986-1998). London, within Investment Banking-based at Subsidiary of Nippon
Credit Bank (1986–1998).
Saat ini, beliau memiliki rangkap jabatan sebagai Direktur BOCOM At present, concurrently serves as Director of BOCOM MSIG
MSIG Life Insurance Co., Ltd., Cina (sejak 2025) dan Direktur Max Life Insurance Co., Ltd., China (since 2025) and Director of Max
Financial Services Limited, India (sejak 2020). Pada tahun 2025, Financial Services Limited, India (since 2020). In 2025, he held
beliau merangkap jabatan sebagai Ketua Komite Kebijakan Tata a concurrent position as Chairman of the Corporate Governance
Kelola Perusahaan (sejak 2025), Anggota Komite Pemantau Risiko Policy Committee (since 2025), a Member of the Risk Monitoring
(sejak 2025), dan Anggota Komite Nominasi dan Remunerasi di Committee (since 2025), and a Member of the Company’s Nomination
Perseroan (sejak 2019). and Remuneration Committee (since 2019).
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
2025 Annual Report 73 PT MSIG Life Insurance Indonesia Tbk
Page 76
Profil Perusahaan
Company Profile
Kimitake Sugiura1)
Komisaris
Commissioner
Warga Negara Jepang, 53 tahun. Memperoleh gelar Sarjana A Japanese, 53 years old. He obtained a Bachelor of Laws
Hukum dari Universitas Keio, Jepang (1995). Beliau telah memiliki degree from Keio University, Japan (1995). He has professional
sertifikasi profesi yaitu Risk Management dari Lembaga Sertifikasi certifications: Risk Management from Kalyana Sejahtera
Profesi Manajemen Kalyana Sejahtera (2025-2028) dan Sertifikasi Management Professional Certification Institute (2025-2028)
Profesional Tata Kelola Risiko Berkualifikasi dari Center for Risk and Qualified Risk Governance Professional Certification from
Management & Sustainability (2025-sekarang). Beliau diangkat the Center for Risk Management & Sustainability (2025-present).
menjadi Komisaris berdasarkan Akta No. 31 tanggal 24 Juni 2025 He was appointed as Commissioner pursuant to Deed No. 31 dated
(2025-2027). June 24, 2025 (2025–2027).
Sebelumnya, pernah menjabat sebagai Kepala Manajer Umum, Previously, served as General Manager, Life Insurance Business
Departemen Bisnis Asuransi Jiwa Mitsui Sumitomo Insurance Co., Department at Mitsui Sumitomo Insurance Co., Ltd. (2024–2025) and
Ltd. (2024-2025), Kepala Tim Bisnis Asuransi Jiwa Internasional, Team Head of International Life Insurance Business, International
Departemen Perencanaan Bisnis Internasional MS&AD Insurance Business Planning Department at MS&AD Insurance Group Holdings,
Group Holdings, Inc. (2024-2025), Manajer Umum Departemen Inc. (2024–2025), General Manager of Corporate Communications
Komunikasi Korporat dan Hubungan Investor MS&AD Insurance and Investor Relations Department of MS&AD Insurance
Group Holdings, Inc. (2021-2024), Manajer Umum Investasi Group Holdings, Inc. (2021–2024), General Manager of Equity
Ekuitas, Departemen Perencanaan Keuangan Mitsui Sumitomo Investment, Financial Planning Department of Mitsui Sumitomo
Insurance Co., Ltd. (2020-2021), Wakil Manajer Umum Kepala Tim Insurance Co., Ltd. (2020–2021), Deputy General Manager and
Perencanaan, Departemen Solusi Keuangan Mitsui Sumitomo Head of Planning Team, Financial Solutions Department of Mitsui
Insurance Co., Ltd. (2019-2020), Wakil Manajer Umum, Departemen Sumitomo Insurance Co., Ltd. (2019–2020), Deputy General
Perencanaan Keuangan Mitsui Sumitomo Insurance Co., Ltd. Manager of Financial Planning Department of Mitsui Sumitomo
(2018-2019), Manajer Departemen Asian Life Insurance Business Insurance Co., Ltd. (2018–2019), Manager of Asian Life Insurance
Mitsui Sumitomo Insurance Co., Ltd. (2011-2018), Manajer Business Department of Mitsui Sumitomo Insurance Co., Ltd.
Departemen Manajemen Risiko Keuangan (Credit Analysis Group) (2011–2018), Manager of Financial Risk Management Department
Mitsui Sumitomo Insurance Co., Ltd. (2005-2011), Trainee di (Credit Analysis Group) of Mitsui Sumitomo Insurance Co., Ltd.
kantor pusat New York MBIA Insurance Corp., Amerika Serikat (2005–2011), Trainee at New York Head Office of MBIA Insurance
(2004-2005), Departemen Administrasi Portofolio Sumitomo Corp., United States (2004–2005), Portfolio Administration
Mitsui Asset Management Co., Ltd. (2001-2004), Departemen Department of Sumitomo Mitsui Asset Management Co., Ltd.
Perencanaan Perwalian Investasi Mitsui Marine Asset (2001–2004), Investment Trust Planning Department of Mitsui
Management Co., Ltd. (1999-2001), dan Departemen Penjualan Marine Asset Management Co., Ltd (1999–2001), and Non-Life
Non-Life Insurance Mitsui Sumitomo Insurance Co., Ltd. Insurance Sales Department of Mitsui Sumitomo Insurance Co., Ltd.
(1995-1999). (1995–1999).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Pada tahun 2025, beliau merangkap jabatan sebagai Anggota companies. In 2025, he held a concurrent position as a Member of
Komite Nominasi dan Remunerasi (sejak 2025) di Perseroan. the Company’s Nomination and Remuneration Committee
(since 2025).
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
1)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on December 19, 2025.
PT MSIG Life Insurance Indonesia Tbk 74 Laporan Tahunan 2025
Page 77
Profil Perusahaan
Company Profile
Toshinari Tokoi2)
Komisaris
Commissioner
Warga Negara Jepang, 69 tahun. Memperoleh gelar Sarjana Hukum A Japanese, 69 years old. He obtained a Bachelor’s degree in
dan Politik dari Universitas Keio, Jepang (1980). Beliau telah memiliki Law and Politics from Keio University, Japan (1980). He holds
sertifikasi profesi yaitu Risk Management – Certified Risk Governance a professional certification in Risk Management - Certified Risk
Professional dari Lembaga Sertifikasi Profesi Manajemen Risiko Governance Professional issued by the Professional Certification
(2025-2028). Beliau diangkat menjadi Komisaris berdasarkan Akta Institute for Risk Management (2025–2028). He was appointed
No. 57 tanggal 27 Juni 2023 (2023-2025), Akta No. 59 tanggal as Commissioner pursuant to Deed No. 57 dated June 27, 2023
25 Mei 2021 (2021-2023), dan Akta No. 46 tanggal 23 Mei 2019 (2023–2025), Deed No. 59 dated May 25, 2021 (2021–2023), and
(2019-2021). Deed No. 46 dated May 23, 2019 (2019–2021).
Sebelumnya, pernah menjabat sebagai Penasihat Khusus untuk Previously, he served as Special Advisor for M&A Activities at
M&A Activity Mitsui Sumitomo Insurance Co., Ltd., Jepang Mitsui Sumitomo Insurance Co., Ltd., Japan (2016–2017), Associate
(2016-2017), Associate Director untuk Asuransi Jiwa Luar Negeri Director for Overseas Life Insurance at Mitsui Sumitomo Insurance
Mitsui Sumitomo Insurance Co., Ltd. (2012-2016), General Manager, Co., Ltd. (2012–2016), General Manager, M&A Activities for Indian
M&A Activity for Indian Life Mitsui Sumitomo Insurance Co., Ltd., Life of Mitsui Sumitomo Insurance Co., Ltd., Japan (2011–2012),
Jepang (2011-2012), Chief Executive Officer Mitsui Sumitomo Chief Executive Officer of Mitsui Sumitomo Insurance Co., Ltd.,
Insurance Co., Ltd., Thailand (2006-2011), General Manager, Thailand (2006–2011), General Manager, Business Development
Pengembangan Bisnis Wilayah Asia Timur dan India Mitsui for East Asia and India of Mitsui Sumitomo Insurance Co., Ltd.
Sumitomo Insurance Co., Ltd. (2005-2006), General Manager, Kepala (2005–2006), General Manager and Head of Compliance for
bidang Kepatuhan untuk Bisnis Luar Negeri Mitsui Sumitomo Overseas Business of Mitsui Sumitomo Insurance Co., Ltd.
Insurance Co., Ltd. (2003-2005), General Manager Assistant, (2003–2005), Assistant General Manager, Business Development
Pengembangan Bisnis dan Penjualan untuk Akun Korporat and Sales for Central Japan Corporate Accounts (2000–2003),
Wilayah Pusat Jepang (2000-2003), Manajer Pengembangan Bisnis Business Development Manager for Asia Region of Mitsui Marine
Wilayah Asia Mitsui Marine & Fire Insurance (1997-2000), Wakil & Fire Insurance (1997–2000), Deputy President Director of Mitsui
Presiden Direktur Mitsui Marine & Fire Insurance Asia, Singapura Marine & Fire Insurance Asia, Singapore (1992–1997), Business
(1992-1997), Manajer Pengembangan Bisnis dan Penjualan untuk Development and Sales Manager for Sony Group Corporate
Akun Korporasi Group Sony (1989-1992), Assistant Manager Marine Accounts (1989–1992), Assistant Manager of Marine Cargo
Cargo Underwriting Mitsui Marine & Fire Insurance (1988-1989), Underwriting of Mitsui Marine & Fire Insurance (1988–1989), and
dan Pengawas Marine Cargo Underwriting Mitsui Marine & Fire Supervisor of Marine Cargo Underwriting at Mitsui Marine & Fire
Insurance (1980-1988). Insurance (1980–1988).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Pada tahun 2025, beliau sempat merangkap jabatan sebagai Ketua companies. In 2025, he previously concurrently served as
Komite Kebijakan Tata Kelola Perusahaan (sejak 2019), Anggota Chairman of the Corporate Governance Policy Committee
Komite Pemantau Risiko (sejak 2019), dan Anggota Komite (since 2019), Member of the Risk Oversight Committee
Nominasi dan Remunerasi (sejak 2019) di Perseroan. (since 2019), and Member of the Nomination and Remuneration
Committee (since 2019) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
2)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2025 Annual Report 75 PT MSIG Life Insurance Indonesia Tbk
Page 78
Profil Perusahaan
Company Profile
Ardhayadi Mitroatmodjo3)
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, 73 tahun. Memperoleh gelar Master in An Indonesian, 73 years old. He obtained a Master’s degree in
Banking Development dari American University, Washington DC, Banking Development from American University, Washington,
Amerika Serikat (1986) dan Sarjana Ekonomi jurusan Akuntansi D.C., United States of America (1986) and a Bachelor of
dari Universitas Gadjah Mada, Yogyakarta (1976). Beliau telah Economics in Accounting from Universitas Gadjah Mada,
memiliki sertifikasi profesi yaitu Risk Management – Certified Yogyakarta (1976). He holds a professional certification in Risk
Risk Governance Professional dari Lembaga Sertifikasi Profesi Management - Certified Risk Governance Professional issued by
Manajemen Risiko (2024-2027). Beliau diangkat menjadi Komisaris the Professional Certification Institute for Risk Management
Independen berdasarkan Akta No. 57 tanggal 27 Juni 2023 (2024–2027). He was appointed as Independent Commissioner
(2023-2025), Akta No. 59 tanggal 25 Mei 2021 (2021-2023), pursuant to Deed No. 57 dated June 27, 2023 (2023–2025), Deed
dan Akta No. 46 tanggal 23 Mei 2019 (2019-2021), serta telah No. 59 dated May 25, 2021 (2021–2023), and Deed No. 46 dated
menyatakan independensinya kepada RUPS. May 23, 2019 (2019–2021), and has declared his independence to
the GMS.
Sebelumnya, pernah menjabat sebagai Deputi Gubernur Previously, he served as Deputy Governor of Bank Indonesia
Bank Indonesia (2007-2012), Direktur Direktorat Pengawasan (2007–2012), Director of Directorate of Supervision of Private and
Bank Swasta dan Asing, Bank Indonesia (2007), Kepala Kantor Foreign Banks, Bank Indonesia (2007), Head of Bank Indonesia
Perwakilan Bank Indonesia Wilayah Eropa di London, Inggris Representative Office for European Region in London, United
(2004-2007), Direktur Direktorat Keuangan Intern, Bank Indonesia Kingdom (2004–2007), Director of Directorate of Internal Finance,
(2003-2004), Direktur Direktorat Pemeriksaan Bank Pemerintah, Bank Indonesia (2003–2004), Director of State-Owned Banks
Bank Indonesia (2002-2003), Koordinator Kantor Bank Audit Directorate, Bank Indonesia (2002–2003), Coordinator of
Indonesia Wilayah Jawa Tengah dan Yogyakarta, Bank Indonesia Bank Indonesia’s Regional Office for Central Java and Yogyakarta
(2001-2002), Direktur Direktorat Pemeriksaan Bank Pemerintah, Region (2001–2002), Director of State-Owned Banks Audit
Bank Indonesia (2000-2001), Deputi Direktur Direktorat Directorate, Bank Indonesia (2000–2001), Deputy Director of
Pemeriksaan Bank Umum Swasta, Bank Indonesia (1997-2000), Private Commercial Banks Supervision Directorate, Bank Indonesia
Manajer/Kepala Eksekutif Bank di Direktorat Pengawasan Bank (1997–2000), Manager/Chief Executive of State-Owned Banks
Pemerintah, Bank Indonesia (1994-1997), Assistant Manager Biro Supervision Directorate, Bank Indonesia (1994–1997), Assistant
Pengawasan Bank Umum Pemerintah di Direktorat Pengawasan, Manager of State-Owned Banks Supervision Bureau, Supervision
Bank Indonesia (1984-1987), Computer Programmer/Assistant Directorate, Bank Indonesia (1984–1987), Computer Programmer/
Manager Direktorat Informasi dan Teknologi, Bank Indonesia Assistant Manager of Information and Technology Directorate,
(1978-1984), Staff/Analyst Underwriter PT Danareksa (1977-1998), Bank Indonesia (1978–1984), Underwriter Staff/Analyst of
dan Staff PT Bank Tabungan Negara (1976-1977). PT Danareksa (1977–1978), and Staff of PT Bank Tabungan Negara
(1976–1977).
Saat ini, beliau memiliki rangkap jabatan sebagai Komisaris At present, he concurrently serves as Independent Commissioner
Independen PT Sinar Mas Agro Resources and Technology Tbk of PT Sinar Mas Agro Resources and Technology Tbk
(PT SMART Tbk) (sejak 2020). Pada tahun 2025, beliau sempat (PT SMART Tbk) (since 2020). In 2025, he previously concurrently
merangkap jabatan sebagai Ketua Komite Audit (sejak 2024) dan served as Chairman of the Audit Committee (since 2024) and
Anggota Komite Kebijakan Tata Kelola Perusahaan (sejak 2019) Member of the Corporate Governance Policy Committee
di Perseroan. (since 2019) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
3)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
PT MSIG Life Insurance Indonesia Tbk 76 Laporan Tahunan 2025
Page 79
Profil Perusahaan
Company Profile
Sidharta Akmam
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, 67 tahun. Memperoleh gelar Magister An Indonesian, 67 years old. He obtained a Master’s degree
Hubungan Internasional dari Universitas Indonesia (2018), Master in International Relations from Universitas Indonesia (2018),
of Business Administration dari Indiana University, Amerika Serikat a Master of Business Administration degree from Indiana
(1987), dan Sarjana Ekonomi jurusan Manajemen dari Universitas University, United States of America (1987), and a Bachelor of
Indonesia (1984). Beliau telah memiliki sertifikasi profesi yaitu Risk Economics in Management from Universitas Indonesia (1984).
Management – Certified Risk Governance Professional dari Lembaga He holds a professional certification in Risk Management -
Sertifikasi Profesi Manajemen Risiko (2025-2028). Beliau diangkat Certified Risk Governance Professional issued by the Professional
menjadi Komisaris Independen berdasarkan Akta No. 31 tanggal Certification Institute for Risk Management (2025–2028). He
24 Juni 2025 (2025-2027), Akta No. 57 tanggal 27 Juni 2023 was appointed as Independent Commissioner pursuant to Deed
(2023-2025), Akta No. 59 tanggal 25 Mei 2021 (2021-2023), No. 31 dated June 24, 2025 (2025–2027), Deed No. 57 dated
dan Akta No. 46 tanggal 23 Mei 2019 (2019-2021), serta telah June 27, 2023 (2023–2025), Deed No. 59 dated May 25, 2021
menyatakan independensinya kepada RUPS. (2021–2023), and Deed No. 46 dated May 23, 2019 (2019–2021),
and has declared his independence to the GMS.
Sebelumnya, pernah menjabat sebagai Dosen Manajemen Previously, he served as a Lecturer in Strategic Management and
Strategis dan Risiko Universitas Mercu Buana (2013-2015), Kepala Risk of Universitas Mercu Buana (2013–2015), Head of Compliance
Divisi Compliance Management & Reporting Bank CIMB Niaga Management & Reporting Division of Bank CIMB Niaga (2012–2013),
(2012-2013), Analis Senior Risk Management Group Bank CIMB Senior Analyst of Risk Management Group of Bank CIMB Niaga
Niaga (2009-2012), Direktur PT Niaga Aset Manajemen (saat ini (2009–2012), Director of PT Niaga Asset Management (currently
PT Principal Asset Management) (2006-2009), Industry Analyst PT Principal Asset Management) (2006–2009), Industry Analyst for
Risk Management PT Bank Niaga Tbk (2003-2006), Direktur Risk Management of PT Bank Niaga Tbk (2003–2006), Investment
Investasi PT Niaga Aset Manajemen (2000-2003), Fund Manager Director of PT Niaga Asset Management (2000–2003), Fund
PT Niaga Aset Manajemen (1997-2000), Kepala Divisi Risk & Asset Manager of PT Niaga Asset Management (1997–2000), Head of
Liability Management untuk risiko kredit perbankan dan risiko Risk & Asset Liability Management Division for banking credit risk
pasar transaksi treasuri PT Bank Niaga Tbk (1995-1997), dan and treasury market risk of PT Bank Niaga Tbk (1995–1997), and
Correspondent Banking/Financial Institution dan Credit Analyst Correspondent Banking/Financial Institution Officer and Credit
untuk Industri Perbankan di Divisi Perbankan Internasional Analyst for the banking industry in International Banking Division
PT Bank Niaga Tbk (1988-1995). of PT Bank Niaga Tbk (1988–1995).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Pada tahun 2025, beliau merangkap jabatan sebagai Ketua Komite companies. In 2025, he concurrently served as Chairman of
Nominasi dan Remunerasi (sejak 2019) di Perseroan. the Company’s Nomination and Remuneration Committee
(since 2019).
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
2025 Annual Report 77 PT MSIG Life Insurance Indonesia Tbk
Page 80
Profil Perusahaan
Company Profile
Nazly Parlindungan Siregar
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, 58 tahun. Memperoleh gelar Master of An Indonesian, 58 years old. She obtained a Master of Science
Science in Taxation dari Golden Gate University, California, USA in Taxation degree from Golden Gate University, California, USA
(2005) dan Bachelor of Science in Commerce jurusan Akuntansi dari (2005) and a Bachelor of Science in Commerce degree in Accounting
Santa Clara University, California, USA (1998). Beliau telah memiliki from Santa Clara University, California, USA (1998). She holds
sertifikasi profesi yaitu Risk Management – Certified Risk Governance a professional certification in Risk Management - Certified Risk
Professional dari Lembaga Sertifikasi Profesi Manajemen Risiko Governance Professional issued by the Professional Certification
(2024-2027). Beliau diangkat menjadi Komisaris Independen Institute for Risk Management (2024–2027). She was appointed
berdasarkan Akta No. 10 tanggal 25 Juni 2024 (2024-2026), Akta as Independent Commissioner pursuant to Deed No. 10 dated
No. 70 tanggal 22 November 2022 (2022-2024), dan Akta June 25, 2024 (2024–2026), Deed No. 70 dated November 22,
No. 1 tanggal 1 Oktober 2020 (2020-2022), serta telah menyatakan 2022 (2022–2024), and Deed No. 1 dated October 1, 2020
independensinya kepada RUPS. (2020–2022), and has declared her independence to the GMS.
Sebelumnya, pernah menjabat sebagai Partner in Tax & Customs di Previously, served as Partner in Tax & Customs at Assegaf Hamzah
Kantor Konsultan Hukum Assegaf Hamzah & Partners (2020-2025), & Partners Law Firm (2020–2025), Independent Commissioner of
Komisaris Independen PT Principal Asset Management Indonesia PT Principal Asset Management Indonesia (2020–2024),
(2020-2024), Indonesian Desk Lead/Asset Management Real Estate Indonesian Desk Lead/Asset Management Real Estate of KPMG
KPMG Services, Pte., Ltd., Singapura (2019-2020), Senior Tax Advisor Services Pte., Ltd., Singapore (2019–2020), Senior Tax Advisor
Kantor Konsultan Hukum Assegaf Hamzah & Partners, Jakarta of Assegaf Hamzah & Partners Law Firm, Jakarta (2017–2018),
(2017-2018), Komisaris Independen PT Asuransi Jiwa Sequis Life, Independent Commissioner of PT Asuransi Jiwa Sequis Life, Jakarta
Jakarta (2016-2019), Praktisi dan Penasihat Independen, Jakarta (2016–2019), Independent Practitioner and Advisor, Jakarta
(2015-2017), International Tax Partner Deloitte Indonesia, Jakarta (2015–2017), International Tax Partner of Deloitte Indonesia,
(2013-2015), Director of Tax PricewaterhouseCoopers (PwC), Jakarta (2013–2015), Director of Tax at PricewaterhouseCoopers
Jakarta (2009-2012), Senior Manager US Corporate Tax Services, (PwC), Jakarta (2009–2012), Senior Manager, US Corporate Tax
London, United Kingdom (2006-2008), dan International Tax Services, London, United Kingdom (2006–2008), and International
Manager Deloitte Tax LLP, San Fransisco, California, USA (1999- Tax Manager of Deloitte Tax LLP, San Francisco, California, United
2006). States (1999–2006).
Saat ini, beliau memiliki rangkap jabatan sebagai Komisaris At present, she concurrently serves as Independent Commissioner
Independen PT AIG Insurance Indonesia (sejak 2023). Pada tahun of PT AIG Insurance Indonesia (since 2023). In 2025, she held
2025, beliau merangkap jabatan sebagai Ketua Komite Pemantau concurrent positions as Chairperson of the Risk Oversight
Risiko (sejak 2024) dan Anggota Komite Kebijakan Tata Kelola Committee (since 2024) and Member of the Corporate Governance
Perusahaan (sejak 2020) di Perseroan. Policy Committee (since 2020) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang She has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
PT MSIG Life Insurance Indonesia Tbk 78 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Teuku Radja Sjahnan4)
Komisaris Independen
Independent Commissioner
Warga Negara Indonesia, 57 tahun. Memperoleh gelar Master in An Indonesian, 57 years old. He obtained a Master’s degree in
Finance dari London Business School, London, United Kingdom Finance from London Business School, London, United Kingdom
(2000), Sarjana Ekonomi dari Universitas Indonesia (1994), dan (2000), a Bachelor’s degree in Economics from Universitas
Diploma 3 jurusan Akuntansi dari Sekolah Tinggi Akuntansi Negara Indonesia (1994), and a Diploma 3 in Accounting from Sekolah
(STAN) (1989). Beliau telah memiliki sertifikasi profesi yaitu Tinggi Akuntansi Negara (STAN) in 1989. He holds a professional
Certified Risk Governance Professional dari Lembaga Sertifikasi certification in Certified Risk Governance Professional issued
Profesi Manajemen Risiko (2023-sekarang). Beliau diangkat by the Professional Certification Institute for Risk Management
menjadi Komisaris Independen berdasarkan Akta No. 31 tanggal (2023-present). He was appointed as Independent Commissioner
24 Juni 2025 (2025-2027), serta telah menyatakan independensinya pursuant to Deed No. 31 dated June 24, 2025 (2025–2027), and
kepada RUPS. has declared his independence to the GMS.
Sebelumnya, pernah menjabat sebagai Komisaris Independen Previously, he served as Independent Commissioner of PT Bank
PT Bank Commonwealth (2022-2024), Komisaris Independen Commonwealth (2022–2024), Independent Commissioner of
PT FWD Insurance Indonesia (2018-2022), Anggota Komite Audit PT FWD Insurance Indonesia (2018–2022), Member of Independent
Independen PT Bank Maybank Indonesia (2018-2022), Komisaris Audit Committee of PT Bank Maybank Indonesia (2018–2022),
Independen PT FWD Asset Management (2018-2020), Anggota Independent Commissioner of PT FWD Asset Management
Komite Audit Independen PT Cardig Aero Services (2012-2021), (2018–2020), Member of Independent Audit Committee of
Anggota Komite Audit Independen PT Bank BNI Syariah (2012), PT Cardig Aero Services (2012–2021), Member of Independent
Konsultan Dewan Perwakilan Daerah Republik Indonesia (DPD-RI) Audit Committee of PT Bank BNI Syariah (2012), Consultant to
(2011-2013), Anggota Komite Audit Independen PT Bank Muamalat Regional Representative Council of the Republic of Indonesia
Indonesia (2010-2014), Anggota Komite Audit Independen (DPD-RI) (2011–2013), Member of Independent Audit Committee
PT Bank Barclays Indonesia (2009-2010), Konsultan World Bank of PT Bank Muamalat Indonesia (2010–2014), Member of
(2007-2008), dan Auditor Badan Pemeriksa Keuangan Republik Independent Audit Committee of PT Bank Barclays Indonesia
Indonesia (BPK-RI) (1998-2006). (2009–2010), World Bank Consultant (2007–2008), and Auditor of
Audit Board of the Republic of Indonesia (BPK-RI) (1998–2006).
Saat ini, beliau memiliki rangkap jabatan sebagai Tenaga Ahli At present, he concurrently serves as Expert Staff of Audit Board
Dewan Badan Pemeriksa Keuangan Republik Indonesia (BPK-RI) of the Republic of Indonesia (BPK-RI) (since 2021) and as a Member
(sejak 2021) dan Anggota Komite Standar Akuntansi Keuangan of Financial Accounting Standards Committee of Bank Indonesia
Bank Indonesia (sejak 2014). Pada tahun 2025, beliau merangkap (since 2014). In 2025, he held concurrent positions as Chairman of
jabatan sebagai Ketua Komite Audit (sejak 2025) dan Anggota the Audit Committee (since 2025) and Member of the Corporate
Komite Kebijakan Tata Kelola Perusahaan (sejak 2025) di Perseroan. Governance Policy Committee (since 2025) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
2025 Annual Report 79 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Perubahan Komposisi Anggota Changes in the Board of Commissioners’
Dewan Komisaris dan Alasan Perubahan Composition and Reasons for the Changes
Berdasarkan hasil keputusan RUPS Tahunan tanggal 25 Juni Based on the Annual GMS resolutions dated June 25, 2024,
2024, susunan anggota Dewan Komisaris Perseroan yaitu: the composition of the Company’s Board of Commissioners
was as follows:
Presiden Komisaris : Indra Widjaja President Commissioner : Indra Widjaja
Komisaris : Toshinari Tokoi Commissioner : Toshinari Tokoi
Komisaris : Hideaki Nomura Commissioner : Hideaki Nomura
Komisaris Independen : Ardhayadi Mitroatmodjo Independent Commissioner : Ardhayadi Mitroatmodjo
Komisaris Independen : Sidharta Akmam Independent Commissioner : Sidharta Akmam
Komisaris Independen : Nazly Parlindungan Siregar Independent Commissioner : Nazly Parlindungan Siregar
Pada tanggal 24 Juni 2025, RUPS Perseroan menetapkan On June 24, 2025, the Company’s GMS approved changes to
perubahan susunan fungsional Dewan Komisaris seiring the functional composition of the Board of Commissioners
berakhirnya masa bakti Toshinari Tokoi sebagai Komisaris following the expiration of the terms of office of Toshinari
dan Ardhayadi Mitroatmodjo sebagai Komisaris Independen. Tokoi as Commissioner and Ardhayadi Mitroatmodjo
Sebagai tindak lanjut, Perseroan mengangkat Kimitake Sugiura as Independent Commissioner. Then, the Company
sebagai Komisaris dan Teuku Radja Sjahnan sebagai Komisaris appointed Kimitake Sugiura as Commissioner and Teuku
Independen. Didukung oleh jajaran manajemen baru, Radja Sjahnan as Independent Commissioner. Supported by
perubahan ini diharapkan semakin memperkuat kepercayaan the new management lineup, these changes are expected
nasabah dan pemangku kepentingan, sekaligus membangun to further strengthen customer and stakeholder confidence
fondasi yang solid bagi pencapaian Mid-Term Plan berikutnya. while building a solid foundation for the achievement of
the Company’s next Mid-Term Plan.
Berdasarkan keputusan tersebut, susunan anggota Dewan Based on these resolutions, the current composition of
Komisaris Perseroan saat ini menjadi: the Company’s Board of Commissioners is as follows:
Presiden Komisaris : Indra Widjaja President Commissioner : Indra Widjaja
Komisaris : Hideaki Nomura Commissioner : Hideaki Nomura
Komisaris : Kimitake Sugiura* Commissioner : Kimitake Sugiura*
Komisaris Independen : Sidharta Akmam Independent Commissioner : Sidharta Akmam
Komisaris Independen : Nazly Parlindungan Siregar Independent Commissioner : Nazly Parlindungan Siregar
Komisaris Independen : Teuku Radja Sjahnan* Independent Commissioner : Teuku Radja Sjahnan*
* Efektif menjabat terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan. / Effectively in position upon being declared to have passed
the Fit and Proper Test by the Financial Services Authority.
PT MSIG Life Insurance Indonesia Tbk 80 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Profil Dewan Pengawas Syariah
Profile of the Sharia Supervisory Board
Dr. H. Rahmat Hidayat, S.E., M.T.1)
Ketua Dewan Pengawas Syariah
Chairman of the Sharia Supervisory Board
Warga Negara Indonesia, 61 tahun. Memperoleh gelar Doctor of An Indonesian, 61 years old. He obtained a Doctor of Philosophy
Philosophy (Ph.D.) dari Universitas Kebangsaan Malaysia (2010), (Ph.D.) degree from Universiti Kebangsaan Malaysia (2010),
Magister Teknik Pengembangan Studi dari Institut Teknologi a Master of Engineering in Development Studies from Institut
Bandung (ITB) (2002), dan Sarjana Manajemen dari Universitas Teknologi Bandung (ITB) (2002), and a Bachelor’s degree
Jember (1990). Beliau telah memiliki sertifikasi profesi yaitu Ahli in Management from Universitas Jember (1990). He holds
Tata Kelola Risiko Terintegrasi dari Badan Nasional Sertifikasi professional certifications as an Integrated Risk Management
Profesi & Lembaga Sertifikasi Profesi Manajemen Risiko Expert issued by the National Professional Certification Agency
(2021-2023, sedang proses perpanjangan), Pengawas Syariah dari & Professional Certification Institute for Risk Management
Badan Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi (2021–2023, currently under renewal process), Sharia Supervisor
Majelis Ulama Indonesia Bidang Ekonomi Syariah (2020-2023, from the National Board of Professional Certification & Professional
sedang proses perpanjangan), Manajemen Risiko Utama dari Certification Institution of Indonesian Ulema Council for Sharia
Badan Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi Economics (2020–2023, currently under renewal process), Senior
Pasar Modal (2020-2023, sedang proses perpanjangan), dan Asesor Risk Management from the National Professional Certification
Kompetensi dari Badan Nasional Sertifikasi Profesi (2017, sedang Agency and the Capital Market Professional Certification Institute
proses perpanjangan). Beliau diangkat menjadi Ketua Dewan (2020–2023, currently under renewal process), and Competency
Pengawas Syariah berdasarkan Akta No. 12 tanggal 7 Januari 2025 Assessor from the National Professional Certification Agency
(2025-2027). (2017, currently under renewal process). He was appointed as
Chairman of the Sharia Supervisory Board pursuant to Deed
No. 12 dated January 7, 2025 (2025–2027).
Sebelumnya, pernah menjabat sebagai Anggota Badan Pelaksana Previously, he served as a Member of Executive Board, Hajj
Badan Pengelola Keuangan Haji (BPKH) (2017-2022), Direktur Financial Management Agency (BPKH) (2017–2022), Director of
Umum dan Hukum Pusat Pengelolaan Dana Pembiayaan Perumahan, General Affairs and Legal of Housing Financing Fund Management
Kementerian Pekerjaan Umum dan Perumahan Rakyat Republik Center, Ministry of Public Works and Public Housing of
Indonesia (2017), Kepala Sub-Direktorat Evaluasi Pembiayaan the Republic of Indonesia (2017), Head of Sub-Directorate for
Wilayah IV, Direktorat Jenderal Pembiayaan, Kementerian Pekerjaan Regional Financing Evaluation IV, Directorate General of Financing,
Umum dan Perumahan Rakyat Republik Indonesia (2010-2015), dan Ministry of Public Works and Public Housing of the Republic of
Kepala Bidang Inovasi Pembiayaan Syariah Kementerian Perumahan Indonesia (2010–2015), and Head of Sharia Financing Innovation
Rakyat Republik Indonesia (2010-2015). Division, Ministry of Public Housing of the Republic of Indonesia
(2010–2015).
Saat ini, beliau memiliki rangkap jabatan sebagai Dosen Fakultas At present, he concurrently serves as a Lecturer at Faculty of
Ekonomi dan Bisnis Universitas Islam Negeri (UIN) Syarif Economics and Business of Universitas Islam Negeri (UIN) Syarif
Hidayatullah Jakarta (sejak 2021), Anggota Dewan Pengawas Hidayatullah Jakarta (since 2021), Member of Sharia Supervisory
Syariah Adira Insurance Syariah (sejak 2008), Anggota Dewan Board of Adira Insurance Syariah (since 2008), Member of Sharia
Pengawas Syariah Allianz Utama Syariah (sejak 2006), dan Anggota Supervisory Board of Allianz Utama Syariah (since 2006), and Member
Dewan Pengawas Syariah Allianz Life Syariah (sejak 2006). Pada of Sharia Supervisory Board of Allianz Life Syariah (since 2006). In
tahun 2025, beliau tidak memiliki rangkap jabatan di Perseroan. 2025, he did not hold concurrent positions within the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
1)
Efektif berhenti menjabat sejak berlakunya Izin Usaha Hasil Pemisahan Unit Usaha Syariah oleh Otoritas Jasa Keuangan. / The term of office effectively ended following
the issuance of Business License for Sharia Business Unit spin‑off by Financial Services Authority.
2025 Annual Report 81 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Ahmadi Sukarno2)
Anggota Dewan Pengawas Syariah
Member of the Sharia Supervisory Board
Warga Negara Indonesia, 57 tahun. Memperoleh gelar Doktor An Indonesian, 57 years old. He obtained a Doctorate in Islamic Education
Pendidikan Islam Universitas Ibnu Khaldun, Bogor (2015), Pascasarjana from Universitas Ibn Khaldun, Bogor (2015), a Postgraduate degree in
Program Studi Ekonomi Islam Universitas Islam Negeri Syarif Islamic Economics from Universitas Islam Negeri Syarif Hidayatullah
Hidayatullah, Jakarta (2004), Magister Agama Islam Konsentrasi Hukum Jakarta (2004), a Master’s degree in Islamic Studies with a concentration
Mu’amalah Islam Universitas Ibnu Khaldun, Bogor (2002), dan Sarjana in Islamic Mu’amalah Law from Universitas Ibn Khaldun, Bogor (2002), and
Fakultas Syari’ah Ma’had Al’Ulum Al Islamiyah wal’arabiyah binaan a Bachelor’s degree from the Faculty of Sharia, Ma’had Al’Ulum Al
Universitas Muhammad ibn Sa’ud (1994). Beliau telah memiliki sertifikasi Islamiyah wal ‘Arabiyah under the supervision of Universitas Muhammad
profesi yaitu Pengawas Syariah dari Badan Nasional Sertifikasi Profesi ibn Sa’ud (1994). He holds professional certifications as a Sharia Supervisor
& Lembaga Sertifikasi Profesi Majelis Ulama Indonesia Bidang Ekonomi from the National Board of Professional Certification & Professional
Syariah (2024-2027) dan Ahli Tata Kelola Risiko Terintegrasi dari Badan Certification Institution of Indonesian Ulema Council for Sharia Economics
Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi Manajemen (2024–2027) and as an Integrated Risk Governance Expert from
Risiko (2023-2025). Beliau diangkat menjadi Anggota Dewan Pengawas the National Professional Certification Agency and the Risk Management
Syariah berdasarkan Akta No. 57 tanggal 27 Juni 2023 (2023-2025), Professional Certification Institute (2023–2025). He was appointed as
Akta No. 59 tanggal 25 Mei 2021 (2021-2023), dan Akta No. 46 tanggal a Member of the Sharia Supervisory Board pursuant to Deed No. 57 dated
23 Mei 2019 (2019-2021). June 27, 2023 (2023–2025), Deed No. 59 dated May 25, 2021 (2021–2023),
and Deed No. 46 dated May 23, 2019 (2019–2021).
Sebelumnya, pernah menjabat sebagai Anggota DPRD Kota Bogor, Previously, he served as a Member of Regional House of Representatives
Jawa Barat (2004-2009), Sekretaris Dewan Pengawas Syariah (DPRD) of Bogor City, West Java (2004–2009), Secretary of Sharia
PT Syarikat Takaful Indonesia (2000-2004), Dosen Pendidikan Agama Supervisory Board of PT Syarikat Takaful Indonesia (2000–2004),
Islam Institut Pertanian Bogor (1998-2000), Guru Bahasa Arab STM Lecturer in Islamic Religious Education of Institut Pertanian Bogor
YAPIS, Bogor (1996-1998), dan Dosen Ma’had (Lembaga Studi Islam) (1998–2000), Arabic Language Teacher at STM YAPIS, Bogor
Institut Sholahudin, Bogor (1993-1997). (1996–1998), and Lecturer at Ma’had (Islamic Studies Institute) of
Institute Sholahudin, Bogor (1993–1997).
Saat ini, beliau memiliki rangkap jabatan sebagai Ketua Dewan At present, he concurrently serves as Chairman of Sharia Supervisory
Pengawas Syariah PT Nano Bank Syariah (sejak 2022) dan Ketua Dewan Board of PT Nano Bank Syariah (since 2022) and Chairman of Sharia
Pengawas Syariah PT Sinarmas Syariah Asset Management (sejak 2014). Supervisory Board of PT Sinarmas Syariah Asset Management (since
Pada tahun 2025, beliau tidak memiliki rangkap jabatan di Perseroan. 2014). In 2025, he did not hold concurrent positions within the
Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang Saham, He has no affiliation with the Company’s Shareholders, Board of
Dewan Komisaris, Dewan Pengawas Syariah, dan/atau Direksi Commissioners, Sharia Supervisory Board, and/or Board of Directors.
Perseroan.
2)
Efektif berhenti menjabat sejak berlakunya Izin Usaha Hasil Pemisahan Unit Usaha Syariah oleh Otoritas Jasa Keuangan. / The term of office effectively ended following
the issuance of Business License for Sharia Business Unit spin‑off by Financial Services Authority.
Perubahan Komposisi Anggota Dewan Changes in the Sharia Supervisory Board’s
Komisaris dan Alasan Perubahan Composition and Reasons for the Changes
Komposisi Dewan Pengawas Syariah Perseroan mengalami The composition of the Company’s Sharia Supervisory Board
perubahan berdasarkan keputusan Rapat Umum Pemegang changed based on the resolution of the Extraordinary
Saham Luar Biasa pada 7 Januari 2025. Susunan dan alasan General Meeting of Shareholders held on January 7, 2025.
perubahan tersebut telah disampaikan secara resmi dalam The composition and reasons for aforementioned changes
Laporan Tahunan Perseroan tahun buku 2024. have been officially disclosed in the Company’s Annual Report
for the 2024 fiscal year.
PT MSIG Life Insurance Indonesia Tbk 82 Laporan Tahunan 2025
Page 85
Profil Perusahaan
Company Profile
Profil Direksi
Profile of the Board of Directors
Wianto
Presiden Direktur
President Director
Presiden Direktur & Chief Executive Officer, Warga Negara President Director & Chief Executive Officer, an Indonesian,
Indonesia, 54 tahun. Memperoleh gelar Sarjana Akuntansi dari 54 years old. He obtained a Bachelor’s degree in Accounting from
Universitas Nommensen (2004). Beliau telah memiliki sertifikasi Universitas Nommensen (2004). He has a professional certification
profesi yaitu Manajemen Risiko Perusahaan Perasuransian/ in Managing Risk in Insurance Companies from the Indonesian
Managing Risk in Insurance Companies dari Lembaga Sertifikasi Insurance Application and Insurance Management Professional
Profesi Aplikasi Asuransi dan Manajemen Asuransi Indonesia Certification Institute (AAMAI) (2023-2026). He was appointed
(AAMAI) (2023-2026). Beliau diangkat menjadi Presiden Direktur as President Director pursuant to Deed No. 10 dated June 25,
berdasarkan Akta No. 10 tanggal 25 Juni 2024 (2024-2026), Akta 2024 (2024–2026), Deed No. 70 dated November 22, 2022
No. 70 tanggal 22 November 2022 (2022-2024), dan Akta No. 51 (2022–2024), and Deed No. 51 dated July 29, 2020 (2020–2022).
tanggal 29 Juli 2020 (2020-2022).
Sebelumnya, pernah menjabat sebagai Anggota Direksi Previously, he served as a Member of the Board of Directors
PT Asuransi Jiwa Generali Indonesia (2011-2020), Senior Vice of PT Asuransi Jiwa Generali Indonesia (2011–2020), Senior
President PT Panin Life (2006-2011), dan Manager PT Prudential Vice President of PT Panin Life (2006–2011), and Manager of
Life Assurance (1998-2006). PT Prudential Life Assurance (1998–2006).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Pada tahun 2025, beliau memiliki rangkap jabatan sebagai Anggota companies. In 2025, he concurrently served as a Member of
Komite Sumber Daya Manusia (sejak 2023), Anggota Komite the Human Resources Committee (since 2023), Risk Management
Manajemen Risiko (sejak 2021), Anggota Komite Investasi dan Committee (since 2021), Investment and Finance Committee
Keuangan (sejak 2020), dan Anggota Product Steering Committee (since 2020), and Member of the Product Steering Committee
(sejak 2020) di Perseroan. (since 2020) of the Company.
Di tahun 2025, beliau mendapatkan penghargaan sebagai In 2025, he received the Best 50 at CEO Awards 2025: Life Insurance
Best 50 CEO Awards 2025: Life Insurance “Employees’ Choice” dari “Employees’ Choice” from The Iconomics.
The Iconomics.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
2025 Annual Report 83 PT MSIG Life Insurance Indonesia Tbk
Page 86
Profil Perusahaan
Company Profile
Satoshi Shiratani1)
Wakil Presiden Direktur
Deputy President Director
Wakil Presiden Direktur & Chief Financial Officer, Warga Negara Deputy President Director & Chief Financial Officer, a Japanese,
Jepang, 55 tahun. Memperoleh gelar Sarjana Ekonomi dari 55 years old. A Japanese, 55 years old. He obtained a Bachelor’s
Hitotsubashi University (1993). Beliau telah memiliki sertifikasi degree in Economics from Hitotsubashi University (1993). He holds
profesi, yaitu Risk Management – Certified Risk Governance a professional certification in Risk Management - Certified Risk
Professional dari Lembaga Sertifikasi Profesi Manajemen Risiko Governance Professional issued by the Professional Certification
(2023-2025). Beliau diangkat menjadi Wakil Presiden Direktur Institute for Risk Management (2023–2025). He was appointed
berdasarkan Akta No. 10 tanggal 25 Juni 2024 (2024-2026) dan as Deputy President Director pursuant to Deed No. 10 dated
Akta No. 44 tanggal 22 Maret 2022 (2022-2024). June 25, 2024 (2024–2026) and Deed No. 44 dated March 22, 2022
(2022–2024).
Sebelumnya, pernah menjabat sebagai Direktur PT Asuransi Jiwa Previously, he served as Director of PT Asuransi Jiwa Sinarmas
Sinarmas MSIG Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk) MSIG Tbk, currently PT MSIG Life Insurance Indonesia Tbk
(2020-2022), Manager of International Business Mitsui Sumitomo (2020–2022), Manager of International Business of Mitsui
Insurance Co., Ltd. (2009-2020), Penugasan untuk The Center of Sumitomo Insurance Co., Ltd. (2009–2020), secondment to
Japanese Economy and Business Columbia University (2008-2009), The Center of Japanese Economy and Business, Columbia University
Deputi Manajer Manajemen Risiko Keuangan Mitsui Sumitomo (2008–2009), Deputy Manager of Financial Risk Management
Insurance Co., Ltd. (2004-2008), Deputi Manajer Akuntansi Mitsui of Mitsui Sumitomo Insurance Co., Ltd. (2004–2008), Deputy
Sumitomo Insurance Co., Ltd. (2002-2004), Kepala Audit Internal Manager of Accounting of Mitsui Sumitomo Insurance Co., Ltd.
(secondment) Japan Care Service Co., Ltd. (2000-2002), dan (2002–2004), Head of Internal Audit (secondment) of Japan
Departemen Akuntansi Mitsui Marine & Fire Insurance Co., Ltd. Care Service Co., Ltd. (2000–2002), and a member of Accounting
(saat ini Mitsui Sumitomo Insurance Co., Ltd.) (1993-2000). Department of Mitsui Marine and Fire Insurance Co., Ltd., currently
Mitsui Sumitomo Insurance Co., Ltd. (1993–2000).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Pada tahun 2025, beliau sempat memiliki rangkap jabatan sebagai companies. In 2025, He previously concurrently served as a Member
Anggota Komite Sumber Daya Manusia (sejak 2023), Anggota of the Human Resources Committee (since 2023), Member of
Komite Manajemen Risiko (sejak 2021), Ketua Komite Investasi dan the Risk Management Committee (since 2021), Chairman of
Keuangan (sejak 2020), dan Anggota Product Steering Committee the Investment and Finance Committee (since 2020), and Member
(sejak 2020) di Perseroan. of the Product Steering Committee (since 2020) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders,
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau Board of Commissioners, Sharia Supervisory Board, and/or
Direksi Perseroan. Board of Directors.
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
PT MSIG Life Insurance Indonesia Tbk 84 Laporan Tahunan 2025
Page 87
Profil Perusahaan
Company Profile
Tomoyuki Monden2)
Wakil Presiden Direktur
Deputy President Director
Wakil Presiden Direktur & Chief Risk Officer, Warga Negara Jepang, Deputy President Director & Chief Risk Officer, a Japanese,
49 tahun. Memperoleh gelar Magister Administrasi Bisnis dari 49 years old. He obtained a Master of Business Administration
University of Illinois, Urbana Champaign (2004) dan Sarjana Hukum degree from the University of Illinois at Urbana–Champaign
dari Keio University (1999). Beliau telah memiliki sertifikasi profesi, (2004) and a Bachelor of Laws degree from Keio University
yaitu Risk Management – Certified Risk Governance Professional (1999). He holds a professional certification in Risk Management -
dari Lembaga Sertifikasi Profesi Manajemen Risiko (2025-2028). Certified Risk Governance Professional issued by the Professional
Beliau diangkat menjadi Wakil Presiden Direktur berdasarkan Akta Certification Institute for Risk Management (2025-2028). He was
No. 48 tanggal 22 April 2025 (2025-2027). appointed as Deputy President Director pursuant to Deed No. 48
dated April 22, 2025 (2025–2027).
Sebelumnya, pernah menjabat sebagai Direktur PT MSIG Life Previously, he served as Director of PT MSIG Life Insurance
Insurance Indonesia Tbk (2020-2025), Corporate Planning Indonesia Tbk (2020–2025), Corporate Planning Manager of Mitsui
Manager Mitsui Sumitomo Aioi Life Insurance Co., Ltd. Sumitomo Aioi Life Insurance Co., Ltd. (2017–2020), Technical
(2017-2020), Technical Advisor Hong Leong Assurance Berhad, Advisor of Hong Leong Assurance Berhad, Malaysia (2012–2017),
Malaysia (2012-2017), Deputy Manager of Corporate Planning Deputy Manager of Corporate Planning of Mitsui Sumitomo
Mitsui Sumitomo Insurance Co., Ltd. (2012), Deputi Manajer Insurance Co., Ltd. (2012), Deputy Manager of Investment of
Investasi Asahi Mutual Life Insurance Co. (2010-2012), Asisten Asahi Mutual Life Insurance Co. (2010–2012), Assistant Manager
Manajer Investasi Asahi Mutual Life Insurance Co. (2004-2010), of Investment of Asahi Mutual Life Insurance Co. (2004–2010),
Supervisor Corporate Planning Asahi Mutual Life Insurance Co. Supervisor of Corporate Planning of Asahi Mutual Life Insurance Co.
(2001-2002), dan Staf Asahi Mutual Life Insurance Co. (1999-2001). (2001–2002), and Staff member of Asahi Mutual Life Insurance Co.
(1999–2001).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan At present, he does not hold concurrent positions in other
lain. Pada tahun 2025, beliau memiliki rangkap jabatan sebagai companies. In 2025, he concurrently served as Chairman of
Ketua Komite Manajemen Risiko (sejak 2022), Anggota Komite the Risk Management Committee (since 2022), Member of
Sumber Daya Manusia (sejak 2022), Anggota Komite Investasi dan the Human Resources Committee (since 2022), Member of
Keuangan (sejak 2020), Anggota Komite Teknologi Informasi dan the Investment and Finance Committee (since 2020), Member
Operasional (sejak 2020), dan Anggota Product Steering Committee of the Information Technology and Operations Committee
(sejak 2020) di Perseroan. (since 2020), and Member of the Product Steering Committee
(since 2020) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
2)
Efektif menjabat sebagai Wakil Presiden Direktur sejak tanggal 22 April 2025. / Effectively serving as Vice President Director as of April 22, 2025.
2025 Annual Report 85 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Herman Sulistyo
Direktur
Director
Direktur & Chief Strategic Distribution Government & Partnership Director & Chief Strategic Distribution Government & Partnership
Officer, Warga Negara Indonesia, 51 tahun. Memperoleh gelar Officer, an Indonesian, 51 years old. He obtained a Bachelor’s
Sarjana Matematika jurusan Aktuaria dari Universitas Indonesia degree in Mathematics majoring in Actuarial Science from
(1998). Beliau telah memiliki sertifikasi profesi, yaitu Fellow Universitas Indonesia (1998). He holds professional certifications
Society of Actuaries of Indonesia dari Persatuan Aktuaris Indonesia including Fellow of the Society of Actuaries of Indonesia issued by
(2002), Ahli Asuransi Jiwa – Ahli Asuransi Indonesia Sektor Jiwa the Indonesian Actuaries Association (2002), Life Insurance Expert
dari Asosiasi Ahli Manajemen Asuransi Indonesia (2010-2011), Risk – Indonesian Life Insurance Expert from the Indonesian Insurance
Management – Certified Risk Governance Professional dari Lembaga Management Experts Association (2010-2011), Risk Management
Sertifikasi Profesi Manajemen Risiko (2025-2028), dan Asuransi – Certified Risk Governance Professional issued by the Professional
Kesehatan – Ahli Asuransi Kesehatan dari Perkumpulan Ahli Certification Institute for Risk Management (2025-2028), and
Manajemen Jaminan dan Asuransi Kesehatan Indonesia (2011). Health Insurance – Health Insurance Experts from the Indonesian
Beliau diangkat menjadi Direktur berdasarkan Akta No. 31 tanggal Association of Health Insurance and Security Management Experts
24 Juni 2025 (2025-2027), Akta No. 57 tanggal 27 Juni 2023 (2011). He was appointed as Director pursuant to Deed No. 31
(2023-2025), Akta No. 59 tanggal 25 Mei 2021 (2021-2023), dan dated June 24, 2025 (2025–2027), Deed No. 57 dated June 27,
Akta No. 46 tanggal 23 Mei 2019 (2019-2021). 2023 (2023–2025), Deed No. 59 dated May 25, 2021 (2021–2023),
and Deed No. 46 dated May 23, 2019 (2019–2021).
Sebelumnya, pernah menjabat sebagai Kepala Divisi Aktuaria Previously, he served as Head of Actuarial Division of PT Asuransi
PT Asuransi Jiwa Sinarmas MSIG Tbk (saat ini PT MSIG Life Insurance Jiwa Sinarmas MSIG Tbk, currently PT MSIG Life Insurance
Indonesia Tbk) (2007-2018), Manajer Divisi Aktuaria PT Asuransi Indonesia Tbk (2007–2018), Actuarial Division Manager of
Jiwa Eka Life (saat ini PT MSIG Life Insurance Indonesia Tbk) PT Asuransi Jiwa Eka Life, currently PT MSIG Life Insurance
(2004-2007), Manajer Pengembangan Produk PT Asuransi Jiwa Indonesia Tbk (2004–2007), Product Development Manager of
Manulife Indonesia (2002-2004), Asisten Manajer Divisi Aktuaria PT Asuransi Jiwa Manulife Indonesia (2002–2004), Assistant
PT Asuransi Jiwa Manulife Indonesia (2001-2002), Actuarial Manager of Actuarial Division of PT Asuransi Jiwa Manulife
Associate Divisi Aktuaria PT Asuransi Jiwa Principal Indonesia Indonesia (2001–2002), Actuarial Associate of Actuarial Division of
(2001-2002), dan Aktuaris Divisi Aktuaria AIG Lippo Life PT Asuransi Jiwa Principal Indonesia (2001–2002), and Actuary of
(1998-2001). Actuarial Division of AIG Lippo Life (1998–2001).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan At present, he does not hold concurrent positions in other
lain. Pada tahun 2025, beliau memiliki rangkap jabatan sebagai companies. In 2025, He concurrently serves as a Member of
Anggota Komite Manajemen Risiko (sejak 2025), Anggota Komite the Risk Management Committee (since 2025), Member of
Investasi dan Keuangan (sejak 2020), Anggota Komite Teknologi Investment and Finance Committee (since 2020), Information
Informasi dan Operasional (sejak 2020), dan Anggota Product Technology and Operations Committee (since 2020), and Member
Steering Committee (sejak 2020) di Perseroan. of Product Steering Committee (since 2020) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
PT MSIG Life Insurance Indonesia Tbk 86 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Ken Terada
Direktur
Director
Direktur & Chief Transformation Officer, Warga Negara Jepang, Director & Chief Transformation Officer, a Japanese, 43 years
43 tahun. Memperoleh gelar Sarjana Administrasi Bisnis dari old. He obtained a Bachelor’s degree in Business Administration
Aoyama Gakuin University (2006). Beliau telah memiliki sertifikasi from Aoyama Gakuin University (2006). He holds a professional
profesi, yaitu Risk Management – Qualified Risk Governance certification in Risk Management – Qualified Risk Governance
Professional dari Lembaga Sertifikasi Profesi Manajemen Professional issued by the Kalyana Sejahtera Risk Management
Kalyana Sejahtera (2025-2028). Beliau diangkat menjadi Direktur Professional Certification Institute (2025-2028). He was appointed
berdasarkan Akta No. 10 tanggal 25 Juni 2024 (2024-2026) dan as Director pursuant to Deed No. 10 dated June 25, 2024
Akta No. 38 tanggal 18 Agustus 2022 (2022-2024). (2024–2026) and Deed No. 38 dated August 18, 2022 (2022–2024).
Sebelumnya, pernah menjabat sebagai Manajer Departemen Previously, he served as Manager of Asian Life Insurance Business
Bisnis Asuransi Jiwa Asia Mitsui Sumitomo Insurance Co., Ltd. Department of Mitsui Sumitomo Insurance Co., Ltd. (2021–2022),
(2021-2022), Deputi Manajer Departemen Bisnis Asuransi Jiwa Deputy Manager of Asian Life Insurance Business Department
Asia Mitsui Sumitomo Insurance Co., Ltd. (2018-2021), General of Mitsui Sumitomo Insurance Co., Ltd. (2018–2021), General
Manager-Advisor of Business Process Improvement PT Asuransi Manager and Advisor for Business Process Improvement of
Jiwa Sinarmas MSIG Tbk (saat ini PT MSIG Life Insurance Indonesia PT Asuransi Jiwa Sinarmas MSIG Tbk, currently PT MSIG Life
Tbk) (2017-2018), General Manager, Divisi Pengembangan Bisnis Insurance Indonesia Tbk (2017–2018), General Manager of
& Project Management Office PT Asuransi Jiwa Sinarmas MSIG Business Development Division and Project Management Office
Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk) (2016-2017), of PT Asuransi Jiwa Sinarmas MSIG Tbk, currently PT MSIG Life
General Manager-Marketing Advisor, Pengembangan Bisnis Insurance Indonesia Tbk (2016–2017), General Manager-Marketing
PT Asuransi Jiwa Sinarmas MSIG Tbk (saat ini PT MSIG Life Advisor for Business Development of PT Asuransi Jiwa Sinarmas
Insurance Indonesia Tbk) (2013-2016), General Manager-Marketing MSIG Tbk, currently PT MSIG Life Insurance Indonesia Tbk
Advisor, Departemen Perencanaan Perusahaan PT Asuransi Jiwa (2013–2016), General Manager-Marketing Advisor of Corporate
Sinarmas MSIG Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk) Planning Department of PT Asuransi Jiwa Sinarmas MSIG Tbk,
(2013-2016), Supervisor, Departemen Perencanaan Perusahaan currently PT MSIG Life Insurance Indonesia Tbk (2013–2016),
Mitsui Sumitomo Insurance Co., Ltd. (2012-2013), Supervisor, Supervisor of Corporate Planning Department of Mitsui Sumitomo
Departemen Sumber Daya Manusia Mitsui Sumitomo Insurance Insurance Co., Ltd. (2012–2013), Supervisor of Human Resources
Co., Ltd. (2011-2012), dan Staf Cabang Osaka-Kita Mitsui Sumitomo Department of Mitsui Sumitomo Insurance Co., Ltd. (2011–2012),
Insurance Co., Ltd. (2006-2010). and Staff member of Osaka-Kita Branch of Mitsui Sumitomo
Insurance Co., Ltd. (2006–2010).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Pada tahun 2025, beliau memiliki rangkap jabatan sebagai companies. In 2025, He concurrently serves as a Member of
Anggota Product Steering Committee (sejak 2025), Anggota Komite the Product Steering Committee (since 2025), Member of
Manajemen Risiko (sejak 2025), Anggota Komite Investasi dan Risk Management Committee (since 2025), Member of the
Keuangan (sejak 2022), dan Anggota Komite Teknologi Informasi Investment and Finance Committee (since 2022), and Member of
dan Operasional (sejak 2022) di Perseroan. the Information Technology and Operations Committee
(since 2022) of the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
2025 Annual Report 87 PT MSIG Life Insurance Indonesia Tbk
Page 90
Profil Perusahaan
Company Profile
Eiji Takahashi3)
Direktur
Director
Direktur & Chief Financial Officer, Warga Negara Jepang, 56 tahun. Director & Chief Financial Officer, a Japanese, 56 years old.
Memperoleh gelar Sarjana Hukum dari Universitas Chuo (1991). He obtained a Bachelor of Laws degree from Universitas Chuo
Beliau telah memiliki sertifikasi profesi yaitu Risk Management (1991). He has professional certifications: Risk Management
dari Lembaga Sertifikasi Profesi Manajemen Kalyana Sejahtera from Kalyana Sejahtera Management Professional Certification
(2025-2028) dan Sertifikasi Profesional Tata Kelola Risiko Institute (2025-2028) and Qualified Risk Governance Professional
Berkualifikasi dari Center for Risk Management & Sustainability Certification from the Center for Risk Management & Sustainability
(2025-sekarang). Beliau diangkat menjadi Direktur berdasarkan (2025-present). He was appointed as Director pursuant to Deed
Akta No. 48 tanggal 22 April 2025 (2025-2027). No. 48 dated April 22, 2025 (2025–2027).
Sebelumnya, pernah menjabat sebagai Chief Specialist Asian Previously, he served as Chief Specialist of Asian Life Insurance
Life Insurance Business Department Mitsui Sumitomo Insurance Business Department of Mitsui Sumitomo Insurance Co., Ltd.
Co., Ltd. (2024-2025), Chief Specialist International Business (2024–2025), Chief Specialist of International Business Planning
Planning Department MS&AD Insurance Group Inc. (2024-2025), Department og MS&AD Insurance Group Inc. (2024–2025), General
General Manager of Finance Department Mitsui Sumitomo Primary Manager of Finance Department of Mitsui Sumitomo Primary
Life Insurance Co., Ltd. (2021-2024), Wakil Presiden Senior Life Insurance Co., Ltd. (2021–2024), Senior Vice President of
Finance MSIG Holdings (Asia) Pte., Ltd., Singapura (Perusahaan Finance of MSIG Holdings (Asia) Pte., Ltd., Singapore, the Regional
Induk Regional untuk operasi di Asia Tenggara, Hongkong, Holding Company for operations in Southeast Asia, Hong Kong,
Australia, dan Selandia Baru) (2018-2021), Wakil Presiden Australia, and New Zealand (2018–2021), Executive Vice President
Eksekutif cabang Thailand Mitsui Sumitomo Insurance Co., Ltd. of Thailand Branch of Mitsui Sumitomo Insurance Co., Ltd.
(2013-2018), Manajer, overseae branches Accounting Department (2013–2018), Manager of Overseas Branches Accounting
Mitsui Sumitomo Insurance Co., Ltd. (2011-2013), Direktur, Wakil Department of Mitsui Sumitomo Insurance Co., Ltd. (2011–2013),
Presiden, Keuangan dan Bendahara Mitsui Sumitomo Marine Director and Vice President of Finance and Treasurer at Mitsui
Management (U.S.A), Inc. (2009-2011), Trainee bidang Keuangan, Sumitomo Marine Management (U.S.A.), Inc. (2009–2011), Finance
Human Resources Department Mitsui Sumitomo Insurance Trainee of Human Resources Department of Mitsui Sumitomo
Co., Ltd., Amerika Serikat (2008-2009), Asisten Manajer dan Insurance Co., Ltd., United States (2008–2009), Assistant Manager
Manajer Financial Solutions Department Mitsui Sumitomo and Manager of Financial Solutions Department of Mitsui
Insurance Co., Ltd. (2000-2008), Asisten Manajer Marketing Sumitomo Insurance Co., Ltd. (2000–2008), Assistant Manager of
Department VII Nippon Credit Bank (1999-2000), Staf dan Asisten Marketing Department VII of Nippon Credit Bank (1999–2000),
Manajer Business Promotion Department and Credit Department Staff member and Assistant Manager of Business Promotion
Nippon Credit Bank (1996-1999), dan Staf Sapporo Branch Nippon Department and Credit Department at Nippon Credit Bank
Credit Bank (1991-1996). (1996–1999), and Staff member of Sapporo Branch of Nippon
Credit Bank (1991–1996).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, he does not hold concurrent positions in other
Adapun beliau memiliki rangkap jabatan sebagai Ketua Komite companies. He concurrently serves as Chairman of the Investment
Investasi dan Keuangan (sejak 2026), Anggota Product Steering and Finance Committee (since 2026), Member of the Product
Committee (sejak 2025), Anggota Komite Manajemen Risiko Steering Committee (since 2025), Member of the Risk Management
(sejak 2025), dan Anggota Komite Sumber Daya Manusia Committee (since 2025), and Member of the Human Resources
(sejak 2025) di Perseroan. Committee (since 2025) in the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
3)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively serving the position as of April 22, 2025.
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Profil Perusahaan
Company Profile
Elly Susanti4)
Direktur
Director
Direktur & Chief Operating and Information Technology Director & Chief Operating and Information Technology Officer,
Officer, Warga Negara Indonesia, 53 tahun. Memperoleh gelar an Indonesian, 53 years old. She obtained a Bachelor’s degree in
Sarjana Ekonomi dari Universitas Trisakti (1994). Beliau telah Economics from Universitas Trisakti (1994). She has a professional
memiliki sertifikasi profesi yaitu Manajemen Risiko Perusahaan certification, which is Highly Complex Insurance Company Risk
Perasuransian yang Sangat Kompleks untuk Peningkatan Kinerja Management for Improving Company Performance (UTAMA) from
Perusahaan (UTAMA) dari Lembaga Sertifikasi Profesi Aplikasi the Indonesian Insurance Application and Insurance Management
Asuransi dan Manajemen Asuransi Indonesia (AAMAI) (2023-2026). Professional Certification Institute (AAMAI) (2023-2026). She was
Beliau diangkat menjadi Direktur berdasarkan Akta No. 31 tanggal appointed as Director pursuant to Deed No. 31 dated June 24,
24 Juni 2025 (2025-2027). 2025 (2025–2027).
Sebelumnya, pernah menjabat sebagai Direktur dan Chief Previously, she served as Director and Chief Operating and IT
Operation and IT Officer Sun Life Financial Indonesia (2019-2025), Officer of Sun Life Financial Indonesia (2019–2025), Head of
Head of Operation Sun Life Financial Indonesia (2012-2018), Head Operation Sun Life Financial Indonesia (2012–2018), Head of
of Business Process Improvement and Control Sun Life Financial Business Process Improvement and Control of Sun Life Financial
Indonesia (2009-2011), Head of Financial Control and Reporting Indonesia (2009–2011), Head of Financial Control and Reporting
Rainbow Asia Posters (2004-2009), dan Financial Audit Senior of Rainbow Asia Posters (2004–2009), and Senior Manager of
Manager PricewaterhouseCoopers (PwC) (1994-2004). Financial Audit of PricewaterhouseCoopers (PwC) (1994–2004).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain. At present, she does not hold concurrent positions in other
Adapun beliau memiliki rangkap jabatan sebagai Ketua Komite companies. He concurrently serves as Chairman of the Information
Teknologi Informasi dan Operasional (sejak 2026), Anggota Technology and Operations Committee (since 2026), Member
Product Steering Committee (sejak 2025), Anggota Komite of the Product Steering Committee (since 2025), Member of
Manajemen Risiko (sejak 2025), dan Anggota Komite Sumber Daya the Risk Management Committee (since 2025), and Member of
Manusia (sejak 2025) di Perseroan. the Human Resources Committee (since 2025) in the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang She has no affiliation with the Company’s Shareholders, Board
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau of Commissioners, Sharia Supervisory Board, and/or Board of
Direksi Perseroan. Directors.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
2025 Annual Report 89 PT MSIG Life Insurance Indonesia Tbk
Page 92
Profil Perusahaan
Company Profile
Andrew Bain5)
Direktur
Director
Direktur & Chief IT and Operation Officer, Warga Negara Indonesia, Director & Chief IT and Operation Officer, an Indonesian citizen,
46 tahun. Memperoleh gelar Magister Manajemen Retail dari 46 years old. He obtained a Master's degree in Retail Management
Universitas Pelita Harapan (2013) dan Sarjana Teknik dari from Universitas Pelita Harapan (2013) and a Bachelor of
Universitas Indonesia (1999). Beliau telah memiliki sertifikasi Engineering from Universitas Indonesia (1999). He has a professional
profesi yaitu Risk Management – Qualified Risk Governance certification, Risk Management - Qualified Risk Governance
Professional dari Lembaga Sertifikasi Profesi Manajemen Kayana Professional from Kayana Sejahtera Management Professional
Sejahtera (2025). Beliau diangkat menjadi Direktur berdasarkan Certification Institute (2025). He was appointed as Director based
Akta No. 57 tanggal 27 Juni 2023 (2023-2025) dan Akta No. 59 on Deed No. 57 dated June 27, 2023 (2023-2025) and Deed No. 59
tanggal 25 Mei 2021 (2021-2023). dated May 25, 2021 (2021-2023).
Sebelumnya, pernah menjabat sebagai Chief Operating and IT Previously, he served as Chief Operating and IT Officer of
Officer PT Asuransi Jiwa Sinarmas MSIG Tbk (saat ini PT MSIG PT Asuransi Jiwa Sinarmas MSIG Tbk (currently PT MSIG Life Insurance
Life Insurance Indonesia Tbk) (2020-2021), Chief Operations Indonesia Tbk) (2020-2021), Chief Operations Officer/Director of
Officer/Direktur PT Panin Dai-Ichi Life (2016-2020), Head of PT Panin Dai-Ichi Life (2016-2020), Head of Individual Operations
Individual Operations PT Panin Dai-Ichi Life (2013-2015), Head of PT Panin Dai-Ichi Life (2013-2015), Head of Underwriting,
of Underwriting, Claim, and Policy Service Department PT Panin Claim, and Policy Service Department of PT Panin Dai-Ichi Life
Dai-Ichi Life (2012-2013), Head of Claim Department PT Panin (2012-2013), Head of Claim Department of PT Panin Dai-Ichi Life
Dai-Ichi Life (2009-2012), Head of Business Process & Head of (2009-2012), Head of Business Process & Head of General Affairs
General Affairs PT Panin Dai-Ichi Life (2008-2009), Corporate of PT Panin Dai-Ichi Life (2008-2009), Corporate Real Estate and
Real Estate and General Services JPMorgan Chase Bank, N.A. General Services of JPMorgan Chase Bank, N.A. (2007-2008),
(2007-2008), Head of Business Quality AXA Services Indonesia Head of Business Quality of AXA Services Indonesia (2005-2006),
(2005-2006), Manajer Pengembangan Bisnis PT Visi Teknologi Business Development Manager of PT Visi Teknologi Indonesia
Indonesia (2004-2005), dan Second Engineer Jakarta International (2004-2005), and Second Engineer of Jakarta International School
School (2000-2004). (2000-2004).
Saat ini, beliau tidak memiliki rangkap jabatan di perusahaan lain Currently, he does not hold any concurrent positions in other
dan/atau di Perseroan. companies and/or in the Company.
Beliau tidak mempunyai hubungan afiliasi dengan Pemegang He has no affiliated relationship with the Shareholders,
Saham, Dewan Komisaris, Dewan Pengawas Syariah, dan/atau Board of Commissioners, Sharia Supervisory Board, and/or Board
Direksi Perseroan. of Directors of the Company.
5)
Efektif berakhir masa jabatan pada tanggal 7 Januari 2025. / The term of office effectively ended on January 7, 2025.
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Page 93
Profil Perusahaan
Company Profile
Perubahan Komposisi Anggota Direksi dan Changes in the Board of Directors’
Alasan Perubahan Composition and Reasons for the Changes
Berdasarkan hasil keputusan RUPS Luar Biasa tanggal Based on the resolution of Extraordinary GMS held on
7 Januari 2025, Perseroan menyetujui pengunduran diri January 7, 2025, the Company approved the resignation of
Andrew Bain sebagaimana telah diungkapkan dalam Laporan Andrew Bain, as previously disclosed in the Company’s 2024
Tahunan 2024. Dengan demikian, susunan Direksi Perseroan Annual Report. Accordingly, the composition of the Company’s
menjadi: Board of Directors became as follows:
Presiden Direktur : Wianto President Director : Wianto
Wakil Presiden Direktur : Satoshi Shiratani Deputy President Director : Satoshi Shiratani
Direktur : Herman Sulistyo Director : Herman Sulistyo
Direktur : Tomoyuki Monden Director : Tomoyuki Monden
Direktur : Ken Terada Director : Ken Terada
Melalui RUPS Luar Biasa pada 22 April 2025, Perseroan Through the Extraordinary GMS held on April 22, 2025,
menerima pengunduran diri Satoshi Shiratani dari jabatan the Company accepted the resignation of Satoshi Shiratani
Wakil Presiden Direktur dan menunjuk Tomoyuki Monden from his position as Deputy President Director and appointed
sebagai penggantinya. Pada saat yang sama, RUPS juga Tomoyuki Monden as his successor. At the same meeting, the
menetapkan Eiji Takahashi sebagai Direktur, efektif setelah GMS also appointed Eiji Takahashi as Director, effective upon
memperoleh persetujuan uji kelayakan dan kepatutan dari obtaining approval from the Financial Services Authority
Otoritas Jasa Keuangan. Dengan demikian, susunan Direksi through the fit and proper test. Accordingly, the composition
Perseroan menjadi: of the Company’s Board of Directors became as follows:
Presiden Direktur : Wianto President Director : Wianto
Wakil Presiden Direktur : Tomoyuki Monden Deputy President Director : Tomoyuki Monden
Direktur : Herman Sulistyo Director : Herman Sulistyo
Direktur : Ken Terada Director : Ken Terada
Direktur : Eiji Takahashi Director : Eiji Takahashi
Pada RUPS Tahunan 24 Juni 2025, Perseroan resmi mengangkat At the Annual GMS held on June 24, 2025, the Company officially
Elly Susanti sebagai Direktur, efektif setelah lulus uji kelayakan appointed Elly Susanti as Director, effective upon passing
dan kepatutan Otoritas Jasa Keuangan. Dengan demikian, the fit and proper test conducted by the Financial Services
susunan Direksi Perseroan setelah perubahan adalah: Authority. Therefore, the composition of the Company’s
Board of Directors after the changes is as follows:
Presiden Direktur : Wianto President Director : Wianto
Wakil Presiden Direktur : Tomoyuki Monden Deputy President Director : Tomoyuki Monden
Direktur : Herman Sulistyo Director : Herman Sulistyo
Direktur : Ken Terada Director : Ken Terada
Direktur : Eiji Takahashi Director : Eiji Takahashi
Direktur : Elly Susanti Director : Elly Susanti
2025 Annual Report 91 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Profil Pengurus Manajemen
Profile of the Board of Management
Bagus Harimawan
Chief Human Capital Officer
Warga Negara Indonesia, 50 tahun. Memperoleh gelar Sarjana An Indonesian, 50 years old. He obtained a Bachelor’s degree in
Administrasi Bisnis dari Universitas Brawijaya pada tahun (1998). Beliau Business Administration from Universitas Brawijaya in (1998). He was
ditunjuk sebagai Chief Human Capital Officer (sejak Desember 2024). appointed as Chief Human Capital Officer (since December 2024).
Sebelumnya, pernah menjabat sebagai Director of Human Resources Previously, he served as Director of Human Resources of PT Bank
PT Bank Commonwealth Indonesia (2021-2024), Chief of Human Commonwealth Indonesia (2021–2024), Chief of Human Resources of
Resources PT Bank Commonwealth Indonesia (2020-2021), Chief of PT Bank Commonwealth Indonesia (2020–2021), Chief of Talent and
Talent & Facility Management PT Bukalapak.com (2019-2020), dan Chief Facility Management of PT Bukalapak.com (2019–2020), and Chief of
of Human Resources PT Bank Commonwealth Indonesia (2015-2019). Human Resources of PT Bank Commonwealth Indonesia (2015–2019).
Pada tahun 2025, beliau memiliki rangkap jabatan sebagai Ketua In 2025, he concurrently served as Chairman of the Human Resources
Komite Sumber Daya Manusia (sejak 2026), Anggota Komite Nominasi Committee (since 2026), Member of the Nomination and Remuneration
dan Remunerasi (sejak 2025), dan Anggota Komite Manajemen Risiko Committee (since 2025), and Member of the Risk Management
(sejak 2025) di Perseroan. Committee (since 2025) in the Company.
Renova Siregar
Chief Compliance, Legal, and Corporate Secretary
Warga Negara Indonesia, 45 tahun. Memperoleh gelar Sarjana Hukum An Indonesian, 45 years old. He obtained a Bachelor’s degree in Law
dari Universitas Katolik Parahyangan (2004) dan Magister Hukum dari from Universitas Katolik Parahyangan (2004) and a Master’s degree
Universitas Gadjah Mada (2021). Beliau ditunjuk sebagai Chief Compliance, in Law from Universitas Gadjah Mada (2021). He was appointed
Legal, and Corporate Secretary (sejak 2022). Sebelumnya, pernah as Chief Compliance, Legal, and Corporate Secretary (since 2022).
menjabat sebagai Direktur Kepatuhan PT Asuransi Bina Dana Arta Tbk Previously, he served as Director of Compliance of PT Asuransi Bina
(2019-2022), Assistant Vice President Compliance PT Asuransi Jiwa Dana Arta Tbk (2019–2022), Assistant Vice President of Compliance
Generali Indonesia (2010-2019), Assistant Manager Legal & Compliance of PT Asuransi Jiwa Generali Indonesia (2010–2019), Assistant
PT Great Eastern Life Indonesia (2009-2010), Supervisor Legal PT AXA Manager of Legal & Compliance of PT Great Eastern Life Indonesia
Services Indonesia (2009), Executive Litigation PT Prudential Life (2009–2010), Legal Supervisor of PT AXA Services Indonesia (2009),
Assurance (2006-2009), dan Lawyer Dnd Law Firm (2004-2006). Executive Litigation of PT Prudential Life Assurance (2006–2009), and
Lawyer of DND Law Firm (2004–2006).
Saat ini, beliau memiliki rangkap jabatan sebagai Anggota Komite At present, he concurrently serves as a Member of the Company’s
Sumber Daya Manusia Perseroan (sejak 2023), Anggota Komite Human Resources Committee (since 2023), Member of Risk Oversight
Pemantau Risiko Perseroan (sejak 2023), Anggota Komite Kebijakan Committee (since 2023), Member of Corporate Governance Policy
Tata Kelola Perusahaan (sejak 2023), Anggota Komite Teknologi Committee (since 2023), Member of Information Technology and
Informasi dan Operasional Perseroan (sejak 2022), dan Anggota Komite Operations Committee (since 2022), and Member of Risk Management
Manajemen Risiko Perseroan (sejak 2022). Committee (since 2022).
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Page 95
Profil Perusahaan
Company Profile
Ferry Tjong
Chief Agency Officer
Warga Negara Indonesia, usia 45 tahun. Memperoleh gelar Magister Indonesian citizen, 45 years old. He earned a Master of Management
Manajemen dari Prasetya Mulia Business School pada tahun 2008. degree from Prasetya Mulia Business School in 2008. He was appointed
Beliau ditunjuk sebagai Chief Agency Officer sejak tahun 2025. Chief Agency Officer in 2025. Previously, he served as Chief Agency
Sebelumnya, pernah menjabat sebagai Chief Agency Officer Panin Officer at Panin Dai-ichi Life (2015-2016), Head of Agency Sales at
Dai-ichi Life (2015-2016), Head of Agency Sales Generali Life Generali Life (2013-2015), and various positions, most recently as
(2013-2015), berbagai posisi dan terakhir sebagai Agency Regional Sales Agency Regional Sales Head at AIA Financial (2007-2012).
Head AIA Financial (2007-2012).
Beliau telah memiliki kualifikasi profesional sebagai Certified Wealth He holds professional qualifications as a Certified Wealth Management
Management Advisor (CWMA) dari International Society of Financial Advisor (CWMA) from the International Society of Financial Professionals
Professionals (ISOFP), Associated Estate Planning Practitioner (AEPP) (ISOFP), an Associated Estate Planning Practitioner (AEPP) from
dari Associated Estate Planning Practitioner – Estate Planning Associated Estate Planning Practitioner – Estate Planning Practitioner
Practitioner Limited (AEPP-EPP Limited), Qualified Chief Risk Officer Limited (AEPP-EPP Limited), Qualified Chief Risk Officer (QCRO) from
(QCRO) dari Lembaga Sertifikasi Profesi Mitra Kalyana Sejahtera (LSP Mitra Kalyana Sejahtera Professional Certification Institute (LSP MKS),
MKS), dan Certified Professional in Life & Health Insurance (CPLHI) dari and Certified Professional in Life & Health Insurance (CPLHI) from Life
Life Office Management Association (LOMA) International. Office Management Association (LOMA) International.
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite He currently holds concurrent positions as a member of Information
Teknologi Informasi dan Operasional (sejak 2025) dan anggota Product Technology and Operations Committee (since 2025) and a member of
Steering Committee (sejak 2025). Product Steering Committee (since 2025).
Tju Cunardi
Chief Actuary & Product Management
Warga Negara Indonesia, 50 tahun. Memperoleh gelar Sarjana Ekonomi Indonesian citizen, 50 years old. He earned a Bachelor of Economics
dari Universitas Indonesia pada tahun 2000. Beliau ditunjuk sebagai degree from Universitas Indonesia in 2000. He was appointed Chief
Chief Actuary & Product Management sejak tahun 2021. Sebelumnya, Actuary & Product Management in 2021. Previously, he served as Head
pernah menjabat sebagai Head of Corporate Actuary Avrist Assurance of Corporate Actuary at Avrist Assurance (2015-2021), Head of Group
(2015-2021), Head of Group Product Development Avrist Assurance Product Development at Avrist Assurance (2014-2015), Credit Life
(2014-2015), Credit Life Pricing and Reinsurance Avrist Assurance Pricing and Reinsurance at Avrist Assurance (2012-2014), and Director
(2012-2014), dan Director and Actuary PT Sienco Aktuarindo Utama and Actuary at PT Sienco Aktuarindo Utama (2008-2012).
(2008-2012).
Saat ini, beliau memiliki rangkap jabatan sebagai ketua Product Steering He currently holds concurrent positions as Chair of Product Steering
Committee (sejak 2025), anggota Komite Investasi dan Keuangan Committee (since 2025), a member of Investment and Finance
(sejak 2025), dan anggota Komite Manajemen Risiko (sejak 2025). Committee (since 2025), and a member of Risk Management Committee
(since 2025).
2025 Annual Report 93 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Inasari Andayani Atmodjo
Chief Partnership Distribution Officer
Warga Negara Indonesia, 53 tahun. Memperoleh gelar Sarjana Indonesian citizen, 53 years old. She earned a Bachelor of Management
Manajemen dari Universitas Atma Jaya pada tahun 1995. degree from Universitas Atma Jaya in 1995. She was appointed
Beliau ditunjuk sebagai Chief Partnership Distribution Officer sejak Chief Partnership Distribution Officer in 2023. Previously, she served
tahun 2023. Sebelumnya, pernah menjabat sebagai Vice President as Vice President, Head of Bancassurance at PT Avrist Assurance
Head of Bancassurance PT Avrist Assurance (2020-2023), Vice (2020-2023), Vice President – Head
of Bancassurance and Credit Life
President – Head of Bancassurance and Credit Life PT Panin Dai-Ichi Life at PT Panin Dai-Ichi Life (2013-2020), Director of PT AJ Mega Indonesia
(2013-2020), Direktur PT AJ Mega Indonesia (2011-2013), Bancassurance (2011-2013), Bancassurance Division General Manager at PT AJ Mega
Division General Manager PT AJ Mega Life (2007-2011), dan Customer Life (2007-2011), and Customer Relationship Manager at Standard
Relationship Manager Standard Chartered Bank (2004-2006). Chartered Bank (2004-2006).
Saat ini, beliau memiliki rangkap jabatan sebagai anggota anggota She currently serves as a member of Product Steering Committee
Product Steering Committee (sejak 2025) dan anggota Komite Teknologi (since 2025) and a member of Information Technology and Operations
Informasi dan Operasional (sejak 2023). Committee (since 2023).
PT MSIG Life Insurance Indonesia Tbk 94 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Profil Pejabat Eksekutif
Profile of Executive Officers
Laurencia Wardhana
Division Head of Corporate Planning and CEO Office
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Ekonomi dari Universitas Tarumanagara (2001)
Indonesian Bachelor’s degree in Economics from Universitas Tarumanagara (2001)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
47 tahun Head of Corporate Planning and Performance Management Perseroan (2022-2024)
47 years old Head of Corporate Planning and Performance Management of the Company (2022–2024)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Komite Investasi dan Keuangan (sejak 2022)
2022 Member of the Investment and Finance Committee (since 2022)
Grandy Adrianto Dulimarta
Division Head of Finance Accounting & Tax
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Ekonomi dari Universitas Tarumanagara (2010)
Indonesian Bachelor’s degree in Economics from Universitas Tarumanagara (2010)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
38 tahun Financial Controller FUSE Group (2022-2024)
38 years old Financial Controller of FUSE Group (2022–2024)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Komite Investasi dan Keuangan (sejak 2024)
2024 Member of the Investment and Finance Committee (since 2024)
David Santoso Yuwono
Division Head of Product Pricing
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Sains (jurusan Matematika) dari Institut Teknologi Bandung (2017)
Indonesian Bachelor of Science in Mathematics from Institut Teknologi Bandung (2017)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
31 tahun Pricing Actuary Manager PT Sun Life Financial Indonesia (2019-2023)
31 years old Pricing Actuary Manager of PT Sun Life Financial Indonesia (2019–2023)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Komite Investasi dan Keuangan (sejak 2024)
2024 • Anggota Product Steering Committee (sejak 2024)
• Member of the Investment and Finance Committee (since 2024)
• Member of the Product Steering Committee (since 2024)
2025 Annual Report 95 PT MSIG Life Insurance Indonesia Tbk
Page 98
Profil Perusahaan
Company Profile
Ferventika Sundah
Aktuaris Perusahaan
Corporate Actuary
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Sains dari Universitas Indonesia (2002)
Indonesian Bachelor of Science from Universitas Indonesia (2002)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
46 tahun Senior Manager Risk Management Perseroan (2023-2024)
46 years old Senior Manager of Risk Management of the Company (2023–2024)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Komite Investasi dan Keuangan (sejak 2024)
2024 • Anggota Product Steering Committee (sejak 2024)
• Member of the Investment and Finance Committee (since 2024)
• Member of the Product Steering Committee (since 2024)
Ayu Ardelia Putri
IFRS 17 Lead
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Statistika dari Universitas Gadjah Mada (2015)
Indonesian Bachelor’s Degree in Statistics from Universitas Gadjah Mada (2015)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
32 tahun Actuarial Manager PricewaterhouseCoopers Singapore (2023-2025)
32 years old Actuarial Manager of PricewaterhouseCoopers Singapore (2023-2025)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Komite Investasi dan Keuangan (sejak 2025)
2025 Member of the Investment and Finance Committee (since 2025)
Vaji Vitrada Nasution
Division Head of Internal Audit
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Magister Manajemen dari Universitas Indonesia (2005)
Indonesian Master’s degree in Management from Universitas Indonesia (2005)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
48 tahun Assistant Vice President Internal Auditor Manulife Indonesia (2015-2017)
48 years old Assistant Vice President Internal Auditor of Manulife Indonesia (2015–2017)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Teknologi Informasi dan Operasional (sejak 2025)
2019 • Anggota Komite Investasi dan Keuangan (sejak 2022)
• Anggota Product Steering Committee (sejak 2022)
• Anggota Komite Manajemen Risiko (sejak 2019)
• Member of the Information Technology and Operations Committee (since 2025)
• Member of the Investment and Finance Committee (since 2022)
• Member of the Product Steering Committee (since 2022)
• Member of the Risk Management Committee (since 2019)
PT MSIG Life Insurance Indonesia Tbk 96 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Yulia Andri Hartiana
Division Head of Operation Development and Control
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Magister Manajemen bidang Marketing dari Universitas Persada Indonesia YAI (1997)
Indonesian Master’s degree in Management with a specialization in Marketing from Universitas Persada Indonesia YAI
Usia (1997)
Age Riwayat Pekerjaan Terakhir
58 tahun Most Recent Work Experience
58 years old Tenaga Peneliti dan Perencanaan Pasar AJB Bumiputera 1912 (1991–1996)
Research and Market Planning Officer of AJB Bumiputera 1912 (1991–1996)
Tahun
Pengangkatan Rangkap Jabatan di Perseroan
Year of Appointment Concurrent Positions within the Company
2018 Anggota Komite Teknologi Informasi dan Operasional (sejak 2018)
Member of the Information Technology and Operations Committee (since 2018)
Bong Himmia
Division Head of Information Technology
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Diploma Manajemen Informatika dari AMIK Widya Dharma (1995)
Indonesian Diploma in Information Management from AMIK Widya Dharma (1995)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
53 tahun Manager Information Technology Perseroan (2009-2017)
53 years old Manager of Information Technology of the Company (2009–2017)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Product Steering Committee (sejak 2022)
2017 • Anggota Komite Manajemen Risiko (sejak 2021)
• Anggota Komite Teknologi Informasi dan Operasional (sejak 2017)
• Member of the Product Steering Committee (since 2022)
• Member of the Risk Management Committee (since 2021)
• Member of the Information Technology and Operations Committee (since 2017)
Fandi Arrya Permana
Division Head of IT Security and Governance
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Manajemen Telekomunikasi dan Informatika dari Universitas Telkom (2010)
Indonesian Bachelor’s degree in Telecommunications and Informatics Management from Universitas Telkom (2010)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
37 tahun Head of IT Security & Technology Risk PT AIA Financial (2021-2022)
37 years old Head of IT Security and Technology Risk of PT AIA Financial (2021–2022)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Komite Manajemen Risiko (sejak 2022)
2022 • Anggota Komite Teknologi Informasi dan Operasional (sejak 2022)
• Member of the Risk Management Committee (since 2022)
• Member of the Information Technology and Operations Committee (since 2022)
2025 Annual Report 97 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Anita Junianti
Division Head of Customer and Distributor Care
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Ilmu Komunikasi dari Universitas Sahid (2005)
Indonesian Bachelor’s degree in Communication Studies from Universitas Sahid (2005)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
41 tahun Head of Customer Service PT Mobile Premier League (2019-2022)
41 years old Head of Customer Service of PT Mobile Premier League (2019–2022)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Komite Teknologi Informasi dan Operasional (sejak 2022)
2022 • Anggota Product Steering Committee (sejak 2025)
• Member of the Information Technology and Operations Committee (since 2022)
• Member of the Product Steering Committee (since 2025)
Leony Samosir
Division Head of Legal and Corporate Secretary
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia • Master of Business Administration (MBA) dari School of Business and Management, Institut Teknologi
Indonesian Bandung (SBM ITB) (2024)
• Sarjana Hukum dari Fakultas Hukum Universitas Indonesia (2006)
Usia
Age • Master of Business Administration (MBA) from the School of Business and Management, Institut Teknologi
Bandung (SBM ITB) (2024)
42 tahun
• Bachelor of Laws from the Faculty of Law, Universitas Indonesia (2006)
42 years old
Riwayat Pekerjaan Terakhir
Tahun Most Recent Work Experience
Pengangkatan
Head of Legal & Corporate Secretary PT Asuransi Cigna (Cigna Indonesia) (2017-2022)
Year of Appointment
Head of Legal and Corporate Secretary of PT Asuransi Cigna (Cigna Indonesia) (2017–2022)
2022
Rangkap Jabatan di Perseroan
Concurrent Positions within the Company
• Anggota Komite Teknologi Informasi dan Operasional (sejak 2022)
• Anggota Product Steering Committee (sejak 2022)
• Anggota Komite Manajemen Risiko (sejak 2022)
• Member of the Information Technology and Operations Committee (since 2022)
• Member of the Product Steering Committee (since 2022)
• Member of the Risk Management Committee (since 2022)
Johana Louhenapessy
Division Head of Compliance & Fraud Investigation
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Sistem Informasi dari Universitas Gunadarma (2003)
Indonesian Bachelor’s degree in Information Systems from Universitas Gunadarma (2003)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
44 tahun Compliance Senior Manager PT Zurich Topas Life (2017-2020)
44 years old Compliance Senior Manager of PT Zurich Topas Life (2017–2020)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Product Steering Committee (sejak 2022)
2020 • Anggota Komite Teknologi Informasi dan Operasional (sejak 2021)
• Anggota Komite Manajemen Risiko (sejak 2021)
• Member of the Product Steering Committee (since 2022)
• Member of the Information Technology and Operations Committee (since 2021)
• Member of the Risk Management Committee (since 2021)
PT MSIG Life Insurance Indonesia Tbk 98 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Troy Steve Kipuw
Division Head of Risk Management
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia • Master Business Administration dari IPMI International Business School (2023)
Indonesian • Sarjana Hubungan Internasional dari Universitas Katolik Parahyangan (1999)
Usia • Master of Business Administration from IPMI International Business School (2023)
Age • Bachelor’s degree in International Relations from Universitas Katolik Parahyangan (1999)
49 tahun Riwayat Pekerjaan Terakhir
49 years old Most Recent Work Experience
Head of Risk Management and Internal Control Manulife Aset Manajemen Indonesia (2015-2022)
Tahun
Head of Risk Management and Internal Control at Manulife Aset Manajemen Indonesia (2015-2022)
Pengangkatan
Year of Appointment Rangkap Jabatan di Perseroan
2023 Concurrent Positions within the Company
• Anggota Product Steering Committee (sejak 2025)
• Anggota Komite Pemantau Risiko (sejak 2023)
• Anggota Komite Teknologi Informasi dan Operasional (sejak 2023)
• Anggota Komite Manajemen Risiko (sejak 2022)
• Member of the Product Steering Committee (since 2025)
• Member of the Risk Oversight Committee (since 2023)
• Member of the Information Technology and Operations Committee (since 2023)
• Member of the Risk Management Committee (since 2022)
Ayu Meidyawati
Division Head of Corporate Business and DPLK
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Teknik Industri dari Universitas 17 Agustus 1945 Surabaya (1999)
Indonesian Bachelor’s degree in Industrial Engineering from Universitas 17 Agustus 1945 Surabaya (1999)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
50 tahun Department Head Perseroan (2016-2023)
50 years old Department Head of the Company (2016-2023)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2023)
2023 Member of the Product Steering Committee (since 2023)
Ladiyana Prihantini
Division Head of Sharia Business
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Ekonomi Manajemen dari Universitas Bhayangkara Jakarta Raya (2015)
Indonesian Bachelor’s degree in Economics (Management) from Universitas Bhayangkara Jakarta Raya (2015)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
47 tahun ZBM PT Pasar Polis Mitra (2021–2023)
47 years old ZMB at PT Pasar Polis Mitra (2021–2023)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Product Steering Committee (sejak 2023)
2022 • Anggota Komite Manajemen Risiko (sejak 2025)
• Member of the Product Steering Committee (since 2023)
• Member of the Risk Management Committee (since 2025)
2025 Annual Report 99 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Fitriyana Maya Damayanti
Division Head of Reinsurance & PLT DPLK
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Matematika dari Universitas Negeri Yogyakarta (2003)
Indonesian Bachelor’s degree in Mathematics from Universitas Negeri Yogyakarta (2003)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
47 tahun Pelaksana Tugas Pengurus Dana Pensiun Lembaga Keuangan (DPLK) (2021-2025)
47 years old Acting Manager of Financial Institution Pension Fund (DPLK) (2021-2025)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Komite Manajemen Risiko (sejak 2023)
• Head of Reinsurance Member of the Risk Management Committee (since 2023)
(2024)
• PLT DPLK (2018)
Joelong
Group Actuary Assistant Manager & PLT DPLK
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Ahli Madya Aktuaria dari Program Diploma III Departemen Keuangan Spesialisasi Aktuaria (2005)
Indonesian Associate Degree in Actuarial Science from the Diploma III Program of the Ministry of Finance, Actuarial
Specialization (2005)
Usia
Age Riwayat Pekerjaan Terakhir
41 tahun Most Recent Work Experience
41 years old Pelaksana Tugas Pengurus Dana Pensiun Lembaga Keuangan (DPLK) Sinarmas MSIG (2021-2025)
Acting Manager of Financial Institution Pension Fund (DPLK) of Sinarmas MSIG (2021-2025)
Tahun
Pengangkatan Rangkap Jabatan di Perseroan
Year of Appointment Concurrent Positions within the Company
• Group Actuary Anggota Komite Manajemen Risiko (sejak 2023)
Assistant Manager Member of the Risk Management Committee (since 2023)
(2019)
• PLT DPLK (2021)
Ivan Christianto
Division Head of Corporate Communication
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Ilmu Komunikasi dari Universitas Bina Nusantara (BINUS) (2011)
Indonesian Bachelor’s degree in Communication Studies from Universitas Bina Nusantara (BINUS) (2011)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
36 tahun Corporate Communications Specialist (2012-2013)
36 years old
Rangkap Jabatan di Perseroan
Tahun Concurrent Positions within the Company
Pengangkatan Anggota Product Steering Committee (sejak 2024)
Year of Appointment Member of the Product Steering Committee (since 2024)
2023
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Profil Perusahaan
Company Profile
Lidya Pebriyanti
Division Head of Valuation & Modeling
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Sains dari Universitas Negeri Jakarta (2011)
Indonesian Bachelor of Science from Universitas Negeri Jakarta (2011)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
35 tahun Kepala Bagian Valuasi PT Asuransi Kredit Indonesia (2021-2024)
35 years old Head of Valuation Division of PT Asuransi Kredit Indonesia (2021–2024)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Product Steering Committee (sejak 2025)
2024 • Anggota Komite Investasi dan Keuangan (sejak 2024)
• Member of the Product Steering Committee (since 2025)
• Member of the Investment and Finance Committee (since 2024)
Ephron Benaja
Division Head of Product Management
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Manajemen Asuransi Jiwa dari STMA Trisakti (2011)
Indonesian Bachelor’s degree in Life Insurance Management from STMA Trisakti (2011)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
42 tahun Head of Product Development Manulife Indonesia (2019-2024)
42 years old Head of Product Development of Manulife Indonesia (2019-2024)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2024)
2024 Member of the Product Steering Committee (since 2024)
Makoto Abe
Japanese Desk Business Transformation Advisor
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Jepang Bachelor of Commerce dari Hitotsubashi University (2020)
Japanese Bachelor of Commerce from Hitotsubashi University (2020)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
40 tahun Deputy Manager International Business Department (2021-2023)
40 years old Deputy Manager, International Business Department (2021–2023)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2024)
2023 Member of the Product Steering Committee (since 2024)
2025 Annual Report 101 PT MSIG Life Insurance Indonesia Tbk
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Profil Perusahaan
Company Profile
Sutrisno Ho
Division Head of Emerging Bank Partner
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Psikologi dari Universitas Mercu Buana (2023)
Indonesian Bachelor’s degree in Psychology from Universitas Mercu Buana (2023)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
42 tahun Head of Sales PT Panin Dai-ichi Life (2016-2024)
42 years old Head of Sales of PT Panin Dai-ichi Life (2016–2024)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2024)
2024 Member of the Product Steering Committee (since 2024)
Lylianty Jo
Head of DMTM
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Sekretaris dari Lembaga Pendidikan Komunikasi (LPK) Tarakanita (1993)
Indonesian Bachelor’s degree in Secretarial Studies from Lembaga Pendidikan Komunikasi (LPK) Tarakanita (1993)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
54 tahun Campaign Manager (2022-2023)
54 years old
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2024)
2023 Member of the Product Steering Committee (since 2024)
Yasuhiro Suzuki
Head of Japanese Desk
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Jepang Bachelor of Arts dari Rikkyo University (2011)
Japanese Bachelor of Arts from Rikkyo University (2011)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
38 tahun Deputy Manager at Corporate Planning Department Mitsui Sumitomo Aioi Life Insurance Co., Ltd. (2018-2022)
38 years old Deputy Manager, Corporate Planning Department of Mitsui Sumitomo Aioi Life Insurance Co., Ltd. (2018–2022)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2024)
2023 Member of the Product Steering Committee (since 2024)
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Profil Perusahaan
Company Profile
Ratna Kencana Putra
Division Head of Digital, Alternative Distribution & Customer Proposition
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Komputer dari Universitas Bina Nusantara (2003)
Indonesian Bachelor’s Degree in Computer Science from Universitas Bina Nusantara (2003)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
45 tahun Head of Digital Strategic Business
45 years old
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment • Anggota Komite Teknologi Informasi dan Operasional (sejak 2025)
2025 • Anggota Product Steering Committee (sejak 2025)
• Member of the Information Technology and Operations Committee (since 2025)
• Member of the Product Steering Committee (since 2025)
Bianka Margareth Simatupang
Division Head of Group Operation
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Magister Bisnis Farmasi dari Magister Farmasi Universitas Pancasila (2016)
Indonesian Citizen Master’s Degree in Pharmaceutical Business from Universitas Pancasila (2016)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
38 tahun Head of Corporate Biz Administration Perseroan (2020–2022)
38 years old Head of Corporate Business Administration of the Company (2020–2022)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2025)
2022 Member of the Product Steering Committee (since 2025)
Michael Sukarna
Division Head of Individual Operation and Claim
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Kedokteran dari Universitas Tarumanegara (2005)
Indonesian Bachelor of Medicine from Universitas Tarumanegara (2005)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
38 tahun Division Head of Individual Operation Perseroan (2023-2025)
38 years old Division Head of Individual Operation of the Company (2023-2025)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2025)
2025 Member of the Product Steering Committee (since 2025)
2025 Annual Report 103 PT MSIG Life Insurance Indonesia Tbk
Page 106
Profil Perusahaan
Company Profile
Rheza Karyanto
Division Head of Preferred Bank Partner
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Teknik Industri dari Institut Teknologi Bandung (2004)
Indonesian Bachelor’s Degree in Industrial Engineering from Institut Teknologi Bandung (2004)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
45 tahun Head of Product Proposition and Marketing PT Asuransi Jiwa Manulife Indonesia (2019-2023)
45 years old Head of Product Proposition and Marketing at PT Asuransi Jiwa Manulife Indonesia (2019-2023)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2025)
2025 Member of the Product Steering Committee (since 2025)
Wendy Wijaya
Division Head of MRI Business
Kewarganegaraan Pendidikan Terakhir
Nationality Latest Education
Warga Negara Indonesia Sarjana Sastra Inggris dari Universitas Bina Nusantara (2006)
Indonesian Bachelor’s Degree in English Literature from Universitas Bina Nusantara (2006)
Usia Riwayat Pekerjaan Terakhir
Age Most Recent Work Experience
36 tahun Branch Director PT Bank Artha Graha Internasional (2022-2025)
36 years old Branch Director at PT Bank Artha Graha Internasional (2022–2025)
Tahun Rangkap Jabatan di Perseroan
Pengangkatan Concurrent Positions within the Company
Year of Appointment Anggota Product Steering Committee (sejak 2025)
2025 Member of the Product Steering Committee (since 2025)
PT MSIG Life Insurance Indonesia Tbk 104 Laporan Tahunan 2025
Page 107
Profil Perusahaan
Company Profile
Pelatihan dan/atau Peningkatan Kompetensi
Pengurus Manajemen dan Pejabat Eksekutif
Competency-based Training and/or Development Programs for Board of
Management and Executive Officers
Untuk mendukung efektivitas kepemimpinan dan tata kelola, To support leadership and corporate governance effectiveness
sepanjang tahun 2025 Perseroan menyelenggarakan berbagai throughout 2025, the Company conducted various competency
program pelatihan dan peningkatan kompetensi, yang development training courses and programs, as summarized
dirangkum pada tabel berikut: in the following table:
Materi Pelatihan dan/atau Peningkatan Kompetensi Penyelenggara
Competency Training and/or Development Materials Organizer
Persatuan Aktuaria Indonesia
8th The Indonesian Actuaries Summit Navigating Uncertainty Shaping Tomorrow
Society of Actuaries of Indonesia
Persatuan Aktuaria Indonesia
Seminar Indonesian Actuarial Conference 2025
Society of Actuaries of Indonesia
Persatuan Aktuaria Indonesia
Discussion Panel Syariah and Navigating Trump 2.0: Macro Moves that Matter to Actuaries
Society of Actuaries of Indonesia
Persatuan Aktuaria Indonesia
FinRe Unpacked Financial Strategy behind Reinsurance
Society of Actuaries of Indonesia
International Financial Reporting Standards 17 Implementation in Sharia Insurance: Persatuan Aktuaria Indonesia
Principle, Challenges, and Best Practices Society of Actuaries of Indonesia
Profesionalisme Sesi III Tahun 2024 (PM1) Persatuan Aktuaria Indonesia
Professionalism Session III 2024 (PM1) Society of Actuaries of Indonesia
Persatuan Aktuaria Indonesia
The Society of Actuaries Joint Webinar 2025
Society of Actuaries of Indonesia
AI Finance, Investment, & Administrative Process Automation PT Kompakindo Media Dewata
AI for Personal Productivity & Empowerment PT Kompakindo Media Dewata
AI in Life Insurance: Strategy, Leadership, & Risk Management PT Kompakindo Media Dewata
Risk, Underwriting, & Actuarial Optimization PT Kompakindo Media Dewata
Distribution, Sales & Marketing Personalization Using AI PT Kompakindo Media Dewata
Implementasi Internal Control over Financial Reporting (ICoFR)
PT GRC Tangguh Management
Implementation of Internal Control over Financial Reporting (ICoFR)
Training Certification Certified Anti-Fraud Governance (CAFG) PT GRC Tangguh Management
Undang-Undang Badan Usaha Milik Negara dalam Kaitannya dengan Implementasi
Anti–Fraud PT GRC Tangguh Management
Law on State-Owned Enterprises in Relation to Anti-Fraud Implementation
Self-Learning Anti-Money Laundering: Know Your Customer Internal resource
Self-Learning IT Security Awareness Internal resource
Self-Learning Risk Management Internal resource
Self-Learning TRUST Internal resource
Self-Learning Anti-Fraud Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Self-Learning Conflict of Interest Internal resource
Self-Learning Customer Protection and Data Confidentiality Internal resource
Self-Learning Dishonest and Unlawful Act Internal resource
Self-Learning Document Governance Policy Internal resource
Self-Learning Konsep Dasar Asuransi Jiwa Syariah
Internal resource
Self-Learning: Basic Concepts of Sharia Life Insurance
Self-Learning Anti-Bribery Corruption Internal resource
Financial Literacy "Yuk Capai Tujuan Keuangan dengan Bijaksana"
Internal resource
Financial Literacy Program titled “Achieve Your Financial Goals Wisely”
Asosiasi Asuransi Jiwa Indonesia
Chief Operating Officer Summit 2025
Indonesian Life Insurance Association
Indonesia Professional Insurance Forum-Navigating Geopolitical Threats and Opportunities Asosiasi Asuransi Jiwa Indonesia
in the Insurance Industry Indonesian Life Insurance Association
2025 Annual Report 105 PT MSIG Life Insurance Indonesia Tbk
Page 108
Profil Perusahaan
Company Profile
Materi Pelatihan dan/atau Peningkatan Kompetensi Penyelenggara
Competency Training and/or Development Materials Organizer
Indonesia Summit Digital Power Customer First - Synergizing Digital Innovation and Perkumpulan Underwriter Jiwa Indonesia
Customer-Centricity for Underwriting and Claims Transformation Indonesian Life Underwriters Association
Corporate Governance Officer Workshop Series Batch 11 Indonesian Corporate Secretary Association
Competency Modeling PT Golden Regency Consulting
Complaint and Objection Workshop PT Sandika Darsa Lentera Raya
Fiscal Year 25 in Preparation for Upcoming Otoritas Jasa Keuangan Regulation Compliance
IAI Indonesia
Fiscal Year 25 in Preparation for Upcoming Financial Services Authority Regulation Compliance
Ahli Pialang Asuransi dan Reasuransi Indonesia
Webinar Asosiasi Ahli Pialang Asuransi dan Reasuransi Indonesia
Indonesian Insurance and Reinsurance Brokers
Webinar by Indonesian Insurance and Reinsurance Brokers Association
Association
Structure Problem Solving and Quantum Negotiation 3 Day PT Momenta
Portfolio Project Management Diorama Success
Geopolitical Shifts and the Future of Insurance Risk Management Islamic Insurance Society
Microsoft 365 Offline Series Rully Noviandri
Governance, Risk, and Compliance (Summit) PT Cipta Raya Mekar Sahitya
Inagurasi dan Seminar “Pernyataan Standar Akuntansi Keuangan 117 dan Kitab
Undang-Undang Hukum Dagang 251”
PT Global Kreasi Inovasi
Inauguration and Seminar on “Statement of Financial Accounting Standards 117 and Article
251 of the Indonesian Commercial Code”
Indonesia Insurance Summit 2025 Dewan Asuransi Jiwa
Indonesian In-House Counsel Summit and Award 2025 Agility in Convergence 2026 PT Justika Siar Publika
ISO/IEC 27701:2019 Lead Auditor Training PT BSI Group Indonesia
ISTQB Certified Tester Foundation Level Preparation Training PT Sistem Pengujian Pratama (SQUADAP)
IT for non-IT PT Adicipta Inovasi Teknologi
Pelatihan Certified Financial Planner
PT Artha Reksa Mitra
Certified Financial Planner Training
Indonesia Risk Management Professional
Risk Beyond
Association
Training Career Path and Succession Planning PT Qubisa Anugerah indonesia
Transformational Leadership: Leading for Results Coaching and Monitoring PT Intermitra Pelatihan Indonesia
PL The Institute of
National Conference Audit for Tomorrow, Strategic, Future - Ready Sustainable Internal Auditors Indonesia Chapter
(IIA Indonesia)
Informasi Pemegang Saham
Information on Shareholders
31 Desember 2025 1 Januari 2025
December 31, 2025 January 1, 2025
Jumlah Saham Jumlah Saham
Uraian Ditempatkan dan Kepemilikan Ditempatkan dan Kepemilikan
Description Disetor Penuh Saham Disetor Penuh Saham
(Lembar Saham) Jumlah (Lembar Saham) Jumlah
Share Share
Number Number
Number of Issued Ownership Number of Issued Ownership
and Paid-Up Shares (%) and Paid-Up Shares (%)
(Shares) (Shares)
Kepemilikan Saham Lebih dari 5% / Ownership of More than 5% Shares
Mitsui Sumitomo
1.680.000.000 1.680.000 80,00 1.680.000.000 1.680.000 80,00
Insurance Co., Ltd.
PT Sinar Mas
262.500.000 262.500 12,50 262.500.000 262.500 12,50
Multiartha Tbk
PT MSIG Life Insurance Indonesia Tbk 106 Laporan Tahunan 2025
Page 109
Profil Perusahaan
Company Profile
31 Desember 2025 1 Januari 2025
December 31, 2025 January 1, 2025
Jumlah Saham Jumlah Saham
Uraian Ditempatkan dan Kepemilikan Ditempatkan dan Kepemilikan
Description Disetor Penuh Saham Disetor Penuh Saham
(Lembar Saham) Jumlah (Lembar Saham) Jumlah
Share Share
Number Number
Number of Issued Ownership Number of Issued Ownership
and Paid-Up Shares (%) and Paid-Up Shares (%)
(Shares) (Shares)
Kepemilikan Saham Kurang dari 5% / Ownership of Less than 5% Shares
Masyarakat
157.500.000 157.500 7,50 157.500.000 157.500 7,50
Public
Total 2.100.000.000 2.100.000 100,00 2.100.000.000 2.100.000 100,00
Komposisi Pemegang Saham yang Memiliki 5%
atau Lebih Saham
Composition of Shareholders with 5% or More Shares
31 Desember 2025 1 Januari 2025
December 31, 2025 January 1, 2025
Jumlah Saham Jumlah Saham
Uraian Ditempatkan dan Kepemilikan Ditempatkan dan Kepemilikan
Description Disetor Penuh Saham Disetor Penuh Saham
(Lembar Saham) Jumlah (Lembar Saham) Jumlah
Share Share
Number Number
Number of Issued Ownership Number of Issued Ownership
and Paid-Up Shares (%) and Paid-Up Shares (%)
(Shares) (Shares)
Mitsui Sumitomo
1.680.000.000 1.680.000 80,00 1.680.000.000 1.680.000 80,00
Insurance Co., Ltd.
PT Sinar Mas
262.500.000 262.500 12,50 262.500.000 262.500 12,50
Multiartha Tbk
Total 1.942.500.000 1.942.500 92,50 1.942.500.000 1.942.500 92,50
Mitsui Sumitomo Insurance Co., Ltd. (MSI) berdiri pada tahun 2001 melalui penggabungan 2 entitas asuransi besar.
7 tahun kemudian, pada tahun 2008, grup ini menata ulang organisasinya untuk mengonsolidasikan lini usaha
di bawah 1 perusahaan induk. Transformasi berlanjut pada tahun 2010 ketika MSI melebur bersama Aioi Insurance
Co., Ltd. dan Nissay Dowa General Insurance Co., Ltd., membentuk MS&AD Insurance Group Holdings Inc., yang
kini menjadi pemimpin pangsa premi asuransi kerugian di Jepang sekaligus 10 besar global. Dengan jaringan
di 42 negara, terutama Asia Tenggara, MSI terus memperkuat ekspansi internasional dengan berlandaskan komitmen
Mitsui Sumitomo pada keberlanjutan dan tanggung jawab sosial.
Insurance Co., Ltd. Mitsui Sumitomo Insurance Co., Ltd. (MSI) was established in 2001 through the merger of 2 major insurance entities.
7 years later, in 2008, the group restructured its organization to consolidate its business lines under a single holding
company. The transformation continued in 2010 when MSI merged with Aioi Insurance Co., Ltd. and Nissay Dowa
General Insurance Co., Ltd., forming MS&AD Insurance Group Holdings, Inc., which has since become the market
leader in non-life insurance premiums in Japan and one of the top 10 insurance groups globally. With networks
spanning 42 countries, particularly in Southeast Asia, MSI continues to strengthen its international expansion,
guided by a strong commitment to sustainability and social responsibility.
PT Sinar Mas Multiartha Tbk memulai perjalanan bisnis pada tahun 1982 dengan nama PT Internas Arta Leasing
Company, kemudian resmi menjadi perusahaan terbuka pada tahun 1995 dan berganti nama seperti saat ini.
Seiring perkembangan, perusahaan memperluas portofolio ke berbagai sektor, termasuk pembiayaan mikro dan
properti, dengan jaringan cabang yang tersebar di seluruh Indonesia. Melalui layanan keuangan terpadu, Perseroan
PT Sinar Mas berkomitmen mendukung pertumbuhan UMKM dan memenuhi kebutuhan masyarakat secara berkelanjutan.
Multiartha Tbk PT Sinar Mas Multiartha Tbk began its business journey in 1982 under the name PT Internas Arta Leasing Company.
The company became a publicly listed entity in 1995 and subsequently adopted its current name. Over time,
the company has expanded its portfolio across various sectors, including microfinance and property, supported by
an extensive branch network throughout Indonesia. Through integrated financial services, the Company is committed
to supporting the growth of MSMEs and sustainably meeting the community’s financial needs.
2025 Annual Report 107 PT MSIG Life Insurance Indonesia Tbk
Page 110
Profil Perusahaan
Company Profile
Komposisi Pemegang Saham Masyarakat
dengan Kepemilikan Saham Masing-Masing
Kurang dari 5%
Composition of Public Shareholders with Each Share Ownership
is Less than 5%
31 Desember 2025 1 Januari 2025
December 31, 2025 January 1, 2025
Jumlah Saham Jumlah Saham
Total Ditempatkan dan Kepemilikan Total Ditempatkan dan Kepemilikan
Uraian Disetor Penuh
Description Pemegang Saham Pemegang Disetor Penuh Saham
Saham (Lembar Saham) Saham (Lembar Saham)
Share Share
Total Number of Issued Ownership Total Number of Issued Ownership
Shareholders and Paid-Up Shares (%) Shareholders and Paid-Up Shares (%)
(Shares) (Shares)
Pemodal Nasional / National Investor
Individual
(Domestik)
935 857.100 0,04 763 866.700 0,04
Individual
(Domestic)
Individual (KITAS-
NPWP)
2 300 0,00 2 300 0,00
Individual (KITAS-
NPWP)
Broker
2 2.347.200 0,11 2 2.347.200 0,11
Broker
Perseroan Terbatas
Limited Liability 18 99.161.275 4,72 7 52.301.676 2,49
Companies
Asuransi
7 52.354.401 2,49 6 99.208.400 4,72
Insurance
Reksa Dana
2 1.217.900 0,06 2 1.217.900 0,06
Mutual Funds
Sub Total 966 155.938.176 7,43 782 155.942.176 7,43
Pemodal Asing / Foreign Investor
Badan Usaha
8 1.561.824 0,07 8 1.557.824 0,07
Business Entitles
Sub Total 8 1.561.824 0,07 8 1.557.824 0,07
Total 974 157.500.000 7,50 790 157.750.000 7,50
Komposisi Kepemilikan Saham Langsung dan
Tidak Langsung Dewan Komisaris, Dewan Pengawas
Syariah, dan Direksi di Perseroan
Composition of Direct and Indirect Share Ownership by the Company’s
Board of Commissioners, Sharia Supervisory Board, and Board of
Directors
Pada tahun 2025, seluruh anggota Dewan Komisaris, In 2025, all members of the Board of Commissioners, Sharia
Dewan Pengawas Syariah, dan Direksi tidak memiliki saham Supervisory Board, and Board of Directors did not hold any
di Perseroan, baik secara langsung maupun tidak langsung. shares in the Company, either directly or indirectly.
PT MSIG Life Insurance Indonesia Tbk 108 Laporan Tahunan 2025
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Profil Perusahaan
Company Profile
Komposisi Kepemilikan Saham berdasarkan
Klasifikasi Pemegang Saham
Composition of Share Ownership based on Classification of
Shareholders
31 Desember 2025 1 Januari 2025
December 31, 2025 January 1, 2025
Jumlah Saham
Jumlah Saham
Ditempatkan dan
Uraian Total Ditempatkan dan Kepemilikan Total Kepemilikan
Disetor Penuh
Description Pemegang Disetor Penuh Saham Pemegang Saham
(Lembar Saham)
Saham (Lembar Saham) Share Saham Share
Number of Issued Ownership
Total Number of Issued Ownership Total
and Paid-Up (%)
Shareholders and Paid-Up Shares (%) Shareholders
Shares
(Shares)
(Shares)
Pemodal Nasional / National Investor
Individual
(Domestik)
935 857.100 0,04 763 866.700 0,04
Individual
(Domestic)
Individual
(KITAS-NPWP)
2 300 0,00 2 300 0,00
Individual
(KITAS-NPWP)
Broker
2 2.347.200 0,11 2 2.347.200 0,11
Broker
Perseroan Terbatas
Limited Liability 19 361.661.275 17,22 8 314.801.676 14,99
Companies
Asuransi
7 52.354.401 2,49 6 99.208.400 4,72
Insurance
Reksa Dana
2 1.217.900 0,06 2 1.217.900 0,06
Mutual Funds
Sub Total 967 418.438.176 19,93 783 418.442.176 19,93
Pemodal Asing / Foreign Investor
Badan Usaha
9 1.681.561.824 80,07 9 1.681.557.824 80,07
Business Entitles
Sub Total 9 1.681.561.824 80,07 9 1.681.557.824 80,07
Total 976 2.100.000.000 100,00 792 2.100.000.000 100
2025 Annual Report 109 PT MSIG Life Insurance Indonesia Tbk
Page 112
Profil Perusahaan
Company Profile
Daftar 5 Pemegang Saham Publik Terbesar
List of the 5 Largest Public Shareholders
31 Desember 2025
Uraian
December 31, 2025
Description
%
Mitsui Sumitomo Insurance Co., Ltd. 80,00
PT Sinar Mas Multiartha Tbk 12,50
Kontrak Pengelolaan Dana (KPD) Simas Equity Fund 2
2,11
Investment Management Contract (KPD) Simas Equity Fund 2
PT Sinar Mas Cakrawala 1,40
PT Timur Subur 1,17
Struktur Pemegang Saham Utama dan Pengendali
Structure of Major and Controlling Shareholders
PT Sinarindo
Indra Widjaja
Gerbangmas
27.675.010.000 6.390.000
lembar saham / shares lembar saham / shares
(99,97%) (0,02%)
PT Sinar Mas
Indra Widjaja Masyarakat / Public
Cakrawala
3.170.538.483 2.180.600 3.074.506.473
lembar saham / shares lembar saham / shares lembar saham / shares
(49,79%) (0,03%) (50,17%)
MS&AD Insurance
Group Holdings Inc.
3.000.000.000
lembar saham / shares
(100%)
PT Sinar Mas Mitsui Sumitomo
Masyarakat / Public
Multiartha Tbk Insurance Co., Ltd.
262.500.000 1.680.000.000 157.500.000
lembar saham / shares lembar saham / shares lembar saham / shares
(12,50%) (80,00%) (7,50%)
PT MSIG Life Insurance
Indonesia Tbk
PT MSIG Life Insurance Indonesia Tbk 110 Laporan Tahunan 2025
Page 113
Profil Perusahaan
Company Profile
Berdasarkan struktur tersebut, Mitsui Sumitomo Based on the ownership structure, Mitsui Sumitomo
Insurance Co., Ltd. merupakan Pemegang Saham Pengendali Insurance Co., Ltd. is the Controlling Shareholder and the
dan pemilik manfaat akhir individu dari Perseroan adalah Indra individual ultimate beneficial owner of the Company is Indra
Widjaja. Widjaja.
Informasi Entitas Anak, Perusahaan Asosiasi,
dan Perusahaan Ventura
Information on Subsidiaries, Associated Companies,
and Venture Companies
Perseroan tidak memiliki Entitas Anak, Perusahaan Asosiasi, The Company had no Subsidiaries, Associate Companies,
dan Perusahaan Ventura di tahun 2025. or Joint Ventures in 2025.
Kronologi Pencatatan Saham
Chronology of Share Listing
Jumlah Saham Beredar Nilai Lembaga
Harga
Tanggal (Lembar Saham) Nominal Pencatatan
Keterangan Penawaran
Pelaksanaan Number of Outstanding Nominal Saham
Description Offering Price
Execution Date Shares Value Stock
(Rp)
(Shares) (Rp) Exchange
9 Juli 2019 Penawaran umum perdana saham
1.050.000.000 100 12.100
July 9, 2019 Initial public offering
Bursa Efek
Pembagian saham bonus yang
x2, sehingga jumlah saham Indonesia
berasal dari kapitalisasi agio saham
beredar menjadi 2.100.000.000 Indonesia
25 September 2019 Perseroan
100 - Stock
September 25, 2019 x2, resulting in the total
Distribution of bonus shares Exchange
outstanding shares reaching
derived from the Company’s
2,100,000,000
additional paid-in capital
Keterangan / Information:
Hasil RUPS Luar Biasa tanggal 22 Agustus 2019 memutuskan untuk meningkatkan modal dasar Perseroan, dari Rp105 miliar menjadi Rp210 miliar. Pendistribusian saham bonus
dieksekusi pada tanggal 25 September 2019.
The Extraordinary GMS on August 22, 2019, decided to increase the Company’s authorized capital from Rp105 billion to Rp210 billion. The distribution of bonus shares was
executed on September 25, 2019.
Kronologi Pencatatan Efek Lainnya
Chronology of Other Securities Listing
Selama tahun 2025, Perseroan tidak melakukan pencatatan Throughout 2025, the Company did not issue bonds, sukuk,
obligasi, sukuk, obligasi konversi, dan/atau efek lainnya. convertible bonds, and/or other securities.
2025 Annual Report 111 PT MSIG Life Insurance Indonesia Tbk
Page 114
Profil Perusahaan
Company Profile
Informasi Penggunaan Jasa Akuntan Publik
dan Kantor Akuntan Publik
Information on the Use of Public Accountant
and Public Accounting Firm Services
Kantor Akuntan Publik KAP Purwanto, Susanti & Surja
Public Accounting Firm
Jaringan/Asosiasi/Aliansi Anggota dari Ernst & Young Global Limited / Member of Ernst & Young Global Limited
Network/Association/Alliance
Nama Akuntan Publik Ignatius Yokajaya
Name of Public Accountant
Periode Penugasan 2025
Assignment Period
Indonesia Stock Exchange Building, Tower 1, 13th Floor & Tower 2, 7th Floor
Jl. Jend. Sudirman Kav. 52-53
Alamat Jakarta Selatan 12190
Address : (021) 5289 5000
: (021) 5289 4100
: Imam.Bajara@id.ey.com (Person in Contact)
Jasa yang Diberikan Audit atas informasi keuangan historis tahunan (tanpa jasa non-audit)
Services Rendered Audit of the annual historical financial information (without non-audit services)
Biaya Jasa Rp2.750.000.000,00 (tanpa jasa non-audit / without non-audit services)
Service Fees
Lembaga dan Profesi Penunjang Pasar Modal
Capital Market Supporting Institutions and Professions
Uraian Nama Alamat
Description Name Address
Menara Tekno Lt. 7
Jl. H. Fachrudin No. 19
Biro Administrasi Efek
PT Sinartama Gunita Tanah Abang, Jakarta Pusat
Share Registrar Bureau
: (021) 392 2332
: www.sinartama.co.id
Eightyeight@Kasablanka Lt. 9, Unit B
Jl. Casablanca Raya Kav. 88
Jakarta
Konsultan Hukum Andy Natanael & Ridwan Law Firm
: (021) 2956 8495
Legal Consultant (ANR Law Firm)
(021) 2956 8496
: (021) 295 6849
: anrlawfirm@anr-lawfirm.com
Menara Sudirman Lt. 18 ABD
Jl. Jend. Sudirman Kav. 60
Jakarta 12190
Notaris Aulia Taufani, S.H
: (021) 5289 2366
: (021) 520 4780
Notaris : ataufani@gmail.com
Notary
Wisma Aria, Lt.1 Ruang 103
Jl. Hos Cokroaminoto No. 81
Notaris Hadijah, S.H Menteng, Jakarta Pusat 10310
: (021) 3905 534
: notarishadijah@gmail.com
Bursa Efek Indonesia Building
Pencatatan Efek Bursa Efek Indonesia Tower I
Stock Exchange Indonesia Stock Exchange Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
PT MSIG Life Insurance Indonesia Tbk 112 Laporan Tahunan 2025
Page 115
Profil Perusahaan
Company Profile
Informasi pada Situs Web Perusahaan
Information on the Company’s Website
Sesuai dengan Peraturan Otoritas Jasa Keuangan In accordance with Financial Services Authority Regulation
No. 8/POJK.04/2015 tentang Situs Web Emiten atau No. 8/POJK.04/2015 on the Websites of Issuers or Public
Perusahaan Publik, Perseroan telah mengoperasikan situs resmi Companies, the Company operates its official website
di www.msiglife.co.id sebagai sarana keterbukaan informasi at www.msiglife.co.id as a medium for disclosing information
bagi Pemegang Saham, nasabah, maupun masyarakat luas. to Shareholders, customers, and the general public.
Situs ini dirancang untuk memberikan akses mudah terhadap The website is designed to provide easy access to company-
informasi terkait perusahaan yang dilengkapi dengan fitur related information and is equipped with a Frequently Asked
Panduan Tanya Jawab (FAQ) yang tersedia dalam 2 bahasa, Questions (FAQ) feature available in two languages, namely
yaitu Bahasa Indonesia dan Bahasa Inggris. Bahasa Indonesia and English.
Sebagai wujud pelayanan prima, Perseroan juga menyediakan As part of its commitment to service excellence, the Company
layanan customer care yang beroperasi setiap hari kerja, also provides a customer care service operating on every
Senin hingga Jumat, pukul 08.00–17.00 WIB (kecuali hari libur business day, Monday to Friday, from 08:00-17:00 WIB
nasional). Layanan tersebut dapat diakses melalui: (excluding national holidays). This service can be accessed
through:
Layanan
Nasabah Perorangan
Customer Care : (021) 2650 8300; (021) 5060 9999 : cs@msiglife.co.id
Individual Customers
Customer Care
Nasabah Asuransi Kumpulan
WhatsApp : 088 1234 1088 : groupcs@msiglife.co.id
Group Insurance Customers
Dengan demikian, Perseroan memastikan ketersediaan kanal Accordingly, the Company ensures the availability of
komunikasi yang transparan, mudah diakses, dan responsif transparent, easily accessible, and responsive communication
terhadap kebutuhan seluruh pemangku kepentingan. channels to meet the needs of all stakeholders. Information
Beberapa informasi yang tersedia di antaranya: available includes, among others:
Ketersediaan di Situs Web
Cakupan Informasi
Availability on the Website
Information Coverage
(www.msiglife.co.id)
Informasi Pemegang Saham sampai dengan pemilik akhir individu
Information on Shareholders up to ultimate individual owners
Isi Kode Etik
Contents of the Code of Ethics
Risalah RUPS Tahunan dan Luar Biasa serta seluruh pengumuman,
pemanggilan, dan ringkasan risalah RUPS
Minutes of Annual and Extraordinary GMS and all announcements,
notices, and summaries of GMS minutes
Laporan Keuangan Tahunan terpisah
Separate Annual Financial Statements
Profil Dewan Komisaris dan Direksi
Profiles of the Board of Commissioners and Board of Directors
Piagam/Charter Dewan Komisaris, Direksi, Komite-Komite, dan Unit
Audit Internal
Charters of the Board of Commissioners, Board of Directors,
Committees, and Internal Audit Units
2025 Annual Report 113 PT MSIG Life Insurance Indonesia Tbk
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ASPEK
PENDUKUNG
BISNIS
Business Support
Aspects
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Aspek Pendukung Bisnis
Business Support Aspects
Tata Kelola Teknologi Informasi
Information Technology Governance
Teknologi Informasi (TI) menjadi fondasi penting dalam Information Technology (IT) serves as a key foundation
mendukung transformasi digital Perseroan serta memperkuat in supporting the Company’s digital transformation and
daya saing di industri perasuransian. Penerapannya tidak strengthening its competitiveness within the insurance
hanya merefleksikan komitmen Perseroan dalam beradaptasi industry. Its implementation not only reflects the Company’s
terhadap dinamika bisnis, tetapi juga memastikan tersedianya commitment to adapting to an increasingly dynamic business
layanan yang berkualitas, cepat, dan mudah diakses kapan pun environment, but also ensures the availability of high-quality,
dan di mana pun. quick, and easily accessible services anytime and anywhere.
Sejalan dengan pesatnya perkembangan TI, Perseroan In line with IT’s rapid advancement, the Company continuously
senantiasa mengembangkan infrastruktur dan sistem digital develops integrated digital infrastructure and system to
yang terintegrasi, sehingga mampu mengoptimalkan seluruh optimize all business lines while improving operational
lini usaha sekaligus meningkatkan efisiensi operasional. efficiency. In order to ensure effective and well-targeted
Untuk menjamin pengelolaan yang tepat sasaran, penerapan governance, the implementation of IT is carried out by
TI dilaksanakan oleh unit khusus di bawah koordinasi Komite a dedicated unit under the coordination of the Information
Teknologi Informasi dan Operasional. Technology and Operations Committee.
Director
Elly Susanti
Division Head of Division Head of IT Security
Information Technology and Governance
Bong Himmia Fandi Arrya Permana
Product Delivery Legacy Application & IT Operation & IT Security &
Digital Solution
& Support Data Management Infrastructure Governance
Pipeline 1 Customer & Distribution Legacy System Server & Network Security Analyst
Technical Support & IT Governance, Risk,
Pipeline 2 Individual Operation Legacy Financial
Administration & Compliance
Group & Financial Service Desk
Internal System
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Aspek Pendukung Bisnis
Business Support Aspects
Keamanan Siber Cybersecurity
Keamanan siber (cybersecurity) merupakan salah satu pilar Cybersecurity is a crucial pillar of the Company’s information
penting dalam tata kelola teknologi informasi Perseroan, technology governance, in line with the characteristics of
sejalan dengan karakteristik industri asuransi jiwa yang life insurance industry, which prioritizes trust, personal data
mengedepankan kepercayaan, perlindungan data pribadi, protection, and confidentiality of customer information.
serta kerhasiaan informasi nasabah. Perseroan secara The Company consistently ensures that all information
konsisten memastikan bahwa seluruh sistem dan infrastruktur technology system and infrastructure are managed based
teknologi informasi dikelola berdasarkan prinsip perlindungan on the principles of data protection, access control, and that
data, pengendalian akses, serta penerapan pengamanan multi-layered security measures are applied in accordance with
berlapis sesuai dengan ketentuan peraturan perundang- applicable laws and regulations and industry best practices.
undangan yang berlaku dan praktik terbaik industri.
Pada tahun 2025, Perseroan menghadapi dinamika operasional In 2025, the Company successfully navigated the dynamics
teknologi informasi yang berhasil dikelola melalui mekanisme of its information technology operations through
respons dan pemulihan layanan yang terkoordinasi dengan a well-coordinated service response and recovery mechanism.
baik. Seluruh layanan utama dapat dipulihkan tanpa adanya All key services were restored without any indication of
indikasi kebocoran maupun kompromi data nasabah. Kondisi customer data leaks or compromise. This demonstrates
tersebut mencerminkan kesiapan Perseroan dalam menjaga the Company’s readiness to maintain system reliability and
keandalan sistem serta kesinambungan layanan bagi pemangku service continuity for stakeholders. This experience also
kepentingan. Pengalaman ini sekaligus memperkuat komitmen reinforces the Company’s commitment to enhancing its
Perseroan dalam meningkatkan kapabilitas keamanan siber, cybersecurity capabilities, particularly in the areas of incident
khususnya pada aspek respons insiden, pemulihan layanan response, service recovery, and strengthening operational
(service recovery), serta penguatan pengendalian operasional. controls. The Company also continuously monitors risks,
Perseroan juga secara berkelanjutan melakukan pemantauan maintains system, and increases information security
risiko, pemeliharaan sistem, serta peningkatan kesadaran awareness across the organization.
keamanan informasi di seluruh lini organisasi.
Sejalan dengan perkembangan lanskap ancaman digital, In line with the development of digital threat landscape,
Perseroan terus memperkuat ketahanan siber melalui the Company constantly strengthens cyber resilience through
pendekatan yang terstruktur dan berorientasi pada a structured approach oriented towards business continuity,
keberlangsungan usaha, peningkatan kepercayaan pemegang increasing policyholders’ trust, and implementing transparent,
polis, serta penerapan tata kelola teknologi informasi yang accountable, and responsible information technology
trasnparan, akuntabel, dan bertanggungjawab. governance.
Platform Digital Digital Platforms
Berikut ini merupakan berbagai aplikasi yang telah The following are various applications that have been
dikembangkan Perseroan, yaitu: developed by the Company, as follows:
1. VEGA by MSIG Life 1. VEGA by MSIG Life
Aplikasi digital untuk mengakses detail polis, manfaat A digital application to access policy details, product
produk, hingga transaksi finansial dan klaim secara praktis benefits, as well as conduct financial transactions and
melalui Android maupun iOS. submit claims conveniently via Android and iOS devices.
2. ORION by MSIG Life 2. ORION by MSIG Life
Platform tenaga pemasar untuk submit dan memantau A platform for sales agents to submit and monitor Life
Surat Permintaan Asuransi Jiwa (SPAJ) serta kinerja, Insurance Application Forms (SPAJ) and performance,
dengan lebih dari 10.000 unduhan sejak 2021. with more than 10,000 downloads recorded since 2021.
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Aspek Pendukung Bisnis
Business Support Aspects
3. CERES 3. CERES
Sistem internal yang memudahkan karyawan tetap An internal system designed to enable employees to
terhubung dan berkolaborasi secara efektif. remain connected and collaborate effectively.
4. Fortify 4. Fortify
Aplikasi digital untuk nasabah melakukan pembelian A digital application for customers to purchase life
produk asuransi jiwa secara langsung. insurance products directly.
Optimalisasi Teknologi Informasi Optimization of Information Technology
Sebagai bagian dari industri jasa keuangan yang sangat As part of the financial services industry, which is highly
bergantung pada teknologi, Perseroan menempatkan dependent on technology, the Company places cybersecurity
keamanan siber (cybersecurity) sebagai prioritas utama dalam as a top priority in protecting the integrity of its information
menjaga integritas sistem informasi. Upaya ini diwujudkan systems. This effort is realized through the strengthening
melalui penguatan kapasitas pengelolaan risiko digital, mulai of digital risk management capabilities, encompassing
dari pembaruan platform, penerapan manajemen insiden, platform updates, incident management implementation,
hingga pengujian keamanan aplikasi secara berkala. Langkah to regular application security testing. These measures are
tersebut diiringi dengan penyederhanaan proses kerja complemented by the streamlining of work processes in
pada proyek pengembangan teknologi maupun perubahan technology development projects and organizational changes
organisasi agar selaras dengan kebutuhan bisnis yang to align with dynamic business needs and support sustainable
dinamis serta mampu mendukung pertumbuhan usaha secara business growth.
berkelanjutan.
Untuk memastikan kelangsungan operasional, Perseroan To ensure operational sustainability, the Company continues
terus melakukan optimalisasi digital melalui peningkatan to optimize its digital capabilities through infrastructure
infrastruktur, penguatan perlindungan data, pencegahan enhancements, strengthened data protection, disruption
gangguan, dan pemulihan bencana (disaster recovery). prevention, and robust disaster recovery measures.
Pendekatan ini tidak hanya menekankan pada pencegahan dan This approach not only emphasizes risk prevention and
mitigasi risiko, tetapi juga memastikan bahwa setiap potensi mitigation but also ensures that all potential threats are
ancaman telah diidentifikasi, dikelola, dan dilaporkan secara appropriately identified, managed, and transparently reported
transparan kepada Direksi. Evaluasi berkala dilakukan guna to the Board of Directors. Regular evaluations are conducted
menjaga keselarasan dengan strategi perusahaan, sekaligus to maintain alignment with the Company’s strategy, while
memastikan kesiapan menghadapi dinamika ancaman siber also ensuring readiness to address evolving cyber threats and
dan ketidakpastian di masa mendatang. future uncertainties.
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Aspek Pendukung Bisnis
Business Support Aspects
Strategi Pengembangan Teknologi Information Technology Development
Informasi 2025 Strategy for 2025
Strategi pengembangan TI tahun 2025 diarahkan untuk The IT development strategy for 2025 is directed towards
memperkuat infrastruktur digital serta mempercepat strengthening digital infrastructure and accelerating
proses transformasi teknologi di seluruh lini operasional technology transformation across the entire the Company’s
Perseroan. Melalui strategi ini, Perseroan berupaya operational lines. Through this strategy, the Company seeks
meningkatkan efisiensi, keamanan data, dan integrasi sistem to enhance efficiency, data security, and system integration in
guna mendukung pengambilan keputusan yang lebih cepat order to support faster and more data-driven decision-making.
dan berbasis data. Fokus utama strategi pengembangan TI The key focus of the aforementioned IT development strategy
tersebut mencakup: includes:
1. Melanjutkan tahap pengembangan COSMOS dengan 1. Continuing the COSMOS development phase by adopting
adopsi Artificial Intelligence (AI) untuk meningkatkan rasio Artificial Intelligence (AI) to improve STP ratio;
STP;
2. Membangun sistem pemantauan layanan yang memadai 2. Establishing an adequate service monitoring system and
serta menstabilkan layanan berbasis cloud; stabilizing cloud-based services;
3. Mendukung inisiatif kanal distribusi, termasuk Fortify, 3. Supporting distribution channel initiatives, including
sales dashboard, manajemen aktivitas, dan perluasan Fortify, sales dashboards, activity management, and
kemitraan; dan partnership expansion; and
4. Memperkuat postur keamanan teknologi informasi. 4. Strengthening the information technology security
posture.
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ANALISIS DAN
PEMBAHASAN
MANAJEMEN
Management Discussion
and Analysis
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tinjauan Ekonomi
Economic Overview
Perekonomian global sepanjang tahun 2025 menunjukkan The global economy throughout 2025 demonstrated relatively
ketahanan yang relatif solid di tengah meningkatnya solid resilience amid rising policy uncertainty and evolving
ketidakpastian kebijakan dan dinamika perdagangan international trade dynamics. Global economic growth in
internasional. Pertumbuhan ekonomi dunia tahun 2025 2025 was projected to grow moderately at 2.8%, reflecting
diproyeksikan tumbuh moderat sebesar 2,8%, mencerminkan the ability of various countries to maintain stable economic
kemampuan berbagai negara dalam menjaga stabilitas activity. Relatively accommodative macroeconomic policies
aktivitas ekonomi. Kebijakan makroekonomi yang relatif in response to financial risks also supported improvements
akomodatif dalam menghadapi risiko keuangan, turut in real income across several countries. Stable growth and
mendukung perbaikan pendapatan riil di sejumlah negara. household purchasing power remain key factors for the
Stabilitas pertumbuhan dan daya beli masyarakat menjadi financial services sector, as they directly influence households’
faktor penting bagi sektor jasa keuangan karena berpengaruh capacity for long-term financial planning, including protection
langsung terhadap kemampuan rumah tangga dalam and investment through insurance products.
melakukan perencanaan keuangan jangka panjang, termasuk
perlindungan dan investasi melalui produk asuransi.
Ketahanan ekonomi global tersebut tercermin dalam kinerja This global economic resilience is reflected in the performance
negara-negara utama dengan dinamika yang beragam. Amerika of major countries with different dynamics. United States
Serikat yang masih ditopang oleh investasi sektor teknologi, of America, supported by continued investment in the
menunjukkan pertumbuhan sebesar 2,2% sepanjang tahun technology sector, recorded growth of 2.2% throughout 2025.
2025. Sementara itu, kawasan Eropa memperoleh manfaat Meanwhile, Europe benefited from a disinflation process that
dari proses disinflasi yang mendukung pemulihan daya beli supported purchasing power recovery, with gross domestic
dengan produk domestik bruto meningkat 1,5% di zona Euro product increased by 1.5% in the Eurozone and 1.6% across
dan 1,6% di Uni Eropa. Begitu pun dengan Tiongkok yang the European Union. China also achieved its government
berhasil mencapai target pertumbuhan pemerintah sebesar growth target of 5.0%, despite moderating domestic demand.
5,0%, meskipun menghadapi moderasi permintaan domestik. These variations in performance influenced global financial
Variasi kinerja ini memengaruhi kondisi pasar keuangan global, market conditions, including interest rate movements and
termasuk pergerakan suku bunga dan volatilitas aset. asset volatility.
Dalam konteks tersebut, pasar tenaga kerja dan dinamika In this context, global labor market conditions and inflation
inflasi global menjadi saluran transmisi utama terhadap dynamics served as key transmission channels affecting
daya beli dan stabilitas finansial rumah tangga. Sepanjang household purchasing power and financial stability.
tahun 2025, permintaan tenaga kerja menunjukkan moderasi Throughout 2025, labor demand moderated with only a limited
dengan kenaikan tingkat pengangguran yang relatif terbatas, increase in unemployment rates, while nominal wage growth
sementara pertumbuhan upah nominal cenderung melambat. tended to slow. In several regions, improvements in real wages
Di beberapa wilayah, perbaikan upah riil akibat disinflasi due to disinflation helped sustain consumption. However,
membantu menjaga konsumsi. Namun, tekanan harga, price pressures, particularly in food and services, persisted
khususnya pada komponen pangan dan jasa masih berlangsung in certain countries. These dynamics influenced interest
di sejumlah negara. Dinamika ini memengaruhi kebijakan suku rate policies and market expectations, ultimately affecting
bunga dan ekspektasi pasar, yang pada akhirnya berdampak investment returns and asset management strategies within
pada hasil investasi dan strategi pengelolaan aset industri jasa the financial services industry.
keuangan.
Di tengah dinamika tersebut, perekonomian Indonesia tetap Amid these dynamics, Indonesia’s economy continued to
menunjukkan ketahanan dengan pertumbuhan sebesar 5,1% demonstrate resilience, recording growth of 5.1% with
dan tingkat inflasi yang terjaga pada level 2,9%. Produk inflation maintained at 2.9%. Indonesia’s gross domestic
domestik bruto Indonesia tercatat mencapai Rp23.821,1 product reached Rp23,821.1 trillion, with a gross domestic
triliun dengan produk domestik bruto per kapita sebesar product per capita of Rp83.7 million. This stability reflects
Rp83,7 juta. Stabilitas tersebut mencerminkan efektivitas the effectiveness of the monetary and fiscal policy mix
bauran kebijakan moneter dan fiskal dalam menjaga daya in preserving purchasing power and sustaining economic
beli serta kesinambungan aktivitas ekonomi. Konsumsi activity. Household consumption remained the largest
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
rumah tangga tetap menjadi kontributor terbesar dengan contributor, growing by 4.9%, supported by improved
pertumbuhan sebesar 4,9%, didukung oleh perbaikan kondisi economic and employment conditions. In terms of production,
ekonomi dan ketenagakerjaan yang relatif kondusif. Dari sisi the manufacturing sector expanded by 5.3%, in line with
produksi, sektor manufaktur menunjukkan ekspansi dengan the Purchasing Managers’ Index remaining in expansion
pertumbuhan mencapai 5,3%, selaras dengan Purchasing territory at 51.2%.
Managers’ Index yang berada pada level ekspansif sebesar
51,2%.
Kinerja ekonomi tersebut turut didukung oleh stabilitas Economic performance was further supported by financial
sektor keuangan yang menjaga kepercayaan pelaku usaha dan sector stability, which maintained the confidence of businesses
masyarakat. Stabilitas tersebut tercermin pada penguatan and the public. This stability was reflected in capital market
pasar modal, di mana indeks harga saham gabungan meningkat strengthening, with the composite stock price index increased
22,1% dan ditutup pada level 8.644,3, sementara kapitalisasi by 22.1% to close at 8,644.3, while market capitalization
pasar tumbuh 28,2% menjadi Rp15.810 triliun. Pada saat yang increased by 28.2% to Rp15,810 trillion. At the same time,
sama, aktivitas investasi nasional mencatat pertumbuhan national investment activity grew by 5.1%, with foreign direct
sebesar 5,1%, dengan realisasi penanaman modal asing sebesar investment realization reaching Rp900.9 trillion and domestic
Rp900,9 triliun dan penanaman modal dalam negeri sebesar investment totaling Rp1,030.3 trillion, reinforcing productive
Rp1.030,3 triliun, yang memperkuat kapasitas produksi serta capacity and medium-term economic prospects. The relatively
prospek ekonomi jangka menengah. Lingkungan ekonomi dan stable economic and financial environment provided
keuangan yang relatif terjaga tersebut menciptakan fondasi a conducive foundation for the development of the financial
yang kondusif bagi perkembangan industri jasa keuangan, services industry, including life insurance.
termasuk asuransi jiwa.
Sumber: Sources:
• Organisation for Economic Co-operation and Development (OECD) • Organisation for Economic Co-operation and Development (OECD),
Economic Outlook, Vol. 2025 Issue 2; Economic Outlook, Vol. 2025 Issue 2;
• Siaran Pers Bank Indonesia: BI-Rate Tetap 4,75%: Mendorong • Press Release of Bank Indonesia: BI-Rate Remained at 4.75%:
Pertumbuhan Ekonomi, Mempertahankan Stabilitas; Promoting Economic Growth, Maintaining Stability;
• Media Kementerian Keuangan RI: Strategi Jitu Pemerintah Jaga • Media Release of the Ministry of Finance of the Republic of
Ekonomi di Tengah Guncangan Global 2025; Indonesia: Government Strategies to Safeguard the Economy Amid
the 2025 Global Shock;
• Badan Pusat Statistik RI: Ekonomi Indonesia Tahun 2025 Tumbuh • Central Bureau of Statistics of the Republic of Indonesia: Indonesia’s
5,11% Economy Grew by 5.11% in 2025;
• Siaran Pers Kementerian Keuangan RI: Ekonomi Indonesia 2025 • Press Release of the Ministry of Finance of the Republic of
Kuat, Didorong Tingginya Investasi dan Ekspor serta Akselerasi Indonesia: Indonesia’s 2025 Economy Remains Strong, Driven by
Belanja Pemerintah; High Investment and Exports as well as Accelerated Government
Spending;
• AKSes KSEI: IHSG Naik 22,1% Sepanjang 2025, Kapitalisasi Pasar • AKSes KSEI: JCI Rose 22.1% Throughout 2025, Market Capitalization
Tembus Rp15.810 Triliun; Reached Rp15,810 Trillion;
• Kementerian Investasi dan Hilirisasi/BKPM: Realisasi Investasi 2025 • Ministry of Investment and Downstream Industry/BKPM: Investment
Lampaui Target, Hilirisasi Melompat 43,3%; dan Realization in 2025 Exceeds Target, Downstreaming Surges by
43.3%; and
• Bank Indonesia: Laporan Perekonomian Indonesia 2025. • Bank Indonesia: Indonesia Economic Report 2025.
2025 Annual Report 123 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tinjauan Industri
Industrial Overview
Pada tahun 2025, industri asuransi Indonesia mempertahankan In 2025, Indonesia’s insurance industry maintained a relatively
posisi yang relatif tangguh meskipun menghadapi tantangan resilient position despite facing challenges from weakening
dari pelemahan daya beli dan dinamika pasar keuangan global. purchasing power and global financial market dynamics.
Hal ini dibuktikan dengan total pendapatan premi sektor This resilience was reflected in total commercial sector
komersial yang tercatat tumbuh 0,8% secara tahunan. Secara premium income, which recorded a year-on-year increase
struktural, kinerja premi tersebut berasal dari 2 komponen of 0.8%. Structurally, premium performance was driven by
utama, yakni premi asuransi jiwa serta premi asuransi umum 2 main components, namely life insurance premiums as well
dan reasuransi. Di samping itu, klaim asuransi agregat tercatat as general insurance and reinsurance premiums. Furthermore,
meningkat 4,2%, yang mengindikasikan adanya perbaikan aggregate insurance claims increased by 4.2%, indicating
pemanfaatan manfaat perlindungan oleh pemegang polis. improved utilization of protection benefits by policyholders.
Dalam struktur industri tersebut, asuransi jiwa memegang Within this industry structure, life insurance plays a strategic
peran strategis sebagai segmen utama yang berkontribusi role as a key segment contributing significantly to market
signifikan terhadap pendalaman pasar dan perlindungan penetration and financial protection for the community.
finansial masyarakat. Kinerja industri yang dinamis menjadikan The dynamic performance of the industry has required
segmen ini terus beradaptasi terhadap perubahan kondisi the segment to continuously adapt to evolving economic
ekonomi dan pasar keuangan. conditions and financial market developments.
Posisi Keuangan Industri Asuransi Jiwa
Financial Position of the Life Insurance Industry
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Indikator Utama 2025 2024 Key Indicators
Total Investasi 590.795.997 543.401.170 Total Investments
Total Aset 667.456.754 619.232.674 Total Assets
Total Liabilitas 494.435.941 463.882.387 Total Liabilities
Total Ekuitas 171.194.820 153.764.236 Total Equity
Berdasarkan hasil peninjauan Otoritas Jasa Keuangan, industri Based on a review by the Financial Services Authority,
asuransi jiwa nasional mencatat pertumbuhan aset yang the national life insurance industry recorded moderate
moderat sebesar 7,8% menjadi Rp667,5 triliun, didukung oleh asset growth of 7.8% to Rp667.5 trillion, supported by
peningkatan investasi sebesar 8,7% menjadi Rp590,8 triliun. a 8.7% increase in investments to Rp590.8 trillion. This
Perkembangan ini menunjukkan keberlanjutan kapasitas development demonstrates the industry’s continued capacity
industri dalam mengelola portofolio investasi sebagai fondasi to manage its investment portfolio as a foundation for
pemenuhan kewajiban jangka panjang. Pertumbuhan yang meeting long-term obligations. The measured growth reflects
terukur tersebut mencerminkan strategi pengelolaan aset prudent asset management strategies amid market dynamics,
yang tetap berhati-hati di tengah dinamika pasar, sekaligus while maintaining operational continuity.
menjaga kesinambungan operasional industri.
Di sisi lain, kenaikan liabilitas sebesar 6,6% menjadi On the other hand, liabilities increased by 6.6% to
Rp494,4 triliun mencerminkan bertambahnya kewajiban Rp494.4 trillion, reflecting higher policy obligations in line
polis seiring aktivitas bisnis yang berjalan. Pertumbuhan with ongoing business activities. Liability growth exceeding
liabilitas yang melampaui kenaikan aset berkontribusi pada asset growth contributed to an adjustment in equity to
penyesuaian ekuitas menjadi Rp171,2 triliun. Kondisi ini Rp171.2 trillion. This condition illustrates a phase of capital
menggambarkan fase konsolidasi permodalan yang menuntut consolidation requiring disciplined asset-liability management,
pengelolaan aset dan liabilitas secara disiplin, sekaligus while reinforcing the industry’s focus on financial resilience
memperkuat fokus industri pada ketahanan keuangan dan and sustainable long-term growth.
keberlanjutan pertumbuhan jangka panjang.
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Management Discussion and Analysis
Kinerja Industri Asuransi Jiwa Performance of the Life Insurance Industry
Performa industri asuransi jiwa sepanjang tahun 2025 The performance of the life insurance industry throughout
menunjukkan perkembangan yang positif di tengah dinamika 2025 indicated positive development amid financial market
pasar keuangan. Total pendapatan industri tercatat mencapai dynamics. Total industry revenue reached Rp238.7 trillion
Rp238,7 triliun atau tumbuh sekitar 9,3% dibandingkan or grew by approximately 9.3% compared to the previous
tahun sebelumnya. Pertumbuhan ini terutama didorong oleh year. This growth was primarily driven by a significant increase
peningkatan signifikan pada hasil investasi yang memberikan in investment returns, which contributed to strengthening
kontribusi terhadap penguatan kinerja industri secara overall industry performance. On the other hand, total
keseluruhan. Di sisi lain, total pendapatan premi mengalami premium income declined slightly year on year by 1.8%.
penurunan tipis sebesar 1,8% secara tahunan. Kondisi This condition more accurately reflects a shift in customer
tersebut lebih mencerminkan adanya perubahan preferensi preferences in selecting premium payment schemes, rather
masyarakat dalam memilih pola pembayaran premi, sehingga than a decline in interest in life insurance products.
tidak sepenuhnya mencerminkan penurunan minat terhadap
produk perlindungan asuransi jiwa.
Sejalan dengan dinamika tersebut, minat masyarakat terhadap In line with these dynamics, public interest in life insurance
perlindungan asuransi jiwa tetap terjaga. Hal ini tercermin dari protection remained strong. This is reflected in the growth
peningkatan premi bisnis baru yang dibayarkan secara reguler of new business premiums paid regularly, which increased
sekitar 7,8% sepanjang tahun 2025. Pertumbuhan tersebut by approximately 7.8% throughout 2025. This growth
turut diikuti oleh meningkatnya jumlah tertanggung industri was accompanied by an increase in the number of insured
asuransi jiwa sebesar 8,6% secara tahunan menjadi 168,0 juta individuals in the life insurance industry of 8.6% year on year,
orang. Dari sisi manfaat perlindungan, industri asuransi jiwa reaching 168.0 million people. In terms of protection benefits,
telah membayarkan klaim dan manfaat sebesar Rp146,7 triliun the life insurance industry paid claims and benefits amounting
kepada sekitar 9,6 juta penerima manfaat. Meskipun demikian, to Rp146.7 trillion to approximately 9.6 million beneficiaries.
nilai klaim tersebut tercatat menurun 7,8% dibandingkan However, the value of claims decreased by 7.8% compared to
tahun sebelumnya, yang utamanya dipengaruhi oleh turunnya the previous year, mainly due to a decline in surrender claims
klaim nilai tebus (surrender) sekitar 19%. of around 19%.
Penurunan ini menunjukkan kecenderungan pemegang This decline indicates a tendency among policyholders to
polis untuk mempertahankan polisnya sebagai bentuk retain their policies as a form of long-term protection. On the
perlindungan jangka panjang. Di sisi lain, pembayaran klaim other hand, claim payments from health insurance products
dari produk asuransi kesehatan justru meningkat 9,1% increased by 9.1% to Rp26.7 trillion, both for individual and
menjadi Rp26,7 triliun, baik pada produk perorangan maupun group products. Along with these developments, the industry’s
kumpulan. Seiring dengan perkembangan tersebut, kapasitas asset management capacity also continued to strengthen.
pengelolaan aset industri juga terus menunjukkan penguatan. Total investment in the life insurance industry in 2025 was
Total investasi industri asuransi jiwa pada tahun 2025 tercatat recorded at Rp590.8 trillion, an increase from Rp543.4 trillion
sebesar Rp590,8 triliun, meningkat dibandingkan Rp543,4 in the previous year. Likewise, investment diversification
triliun pada tahun sebelumnya. Begitu pun dengan kinerja performance improved, as reflected in portfolio placements
diversifikasi investasi yang tercermin dari penempatan across various instruments, with the largest portion allocated
portofolio pada berbagai instrumen, dengan porsi terbesar to Government Securities amounting to Rp248.3 trillion,
pada Surat Berharga Negara sebesar Rp248,3 triliun atau or approximately 42% of total investments.
sekitar 42% dari total investasi.
Sumber: Sources:
• Portal Data Otoritas Jasa Keuangan; dan • Financial Services Authority Data Portal; and
• Siaran Pers Asosiasi Asuransi Jiwa Indonesia (AAJI): Perlindungan • Press Release of the Indonesian Life Insurance Association (AAJI):
Nasabah Tetap Prioritas, Industri Asuransi Jiwa Perkuat Ketahanan Customer Protection Remains a Priority, Life Insurance Industry
di 2025. Strengthens Resilience in 2025.
2025 Annual Report 125 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tinjauan Operasional
Operational Overview
Dalam menjalankan kegiatan usaha, Perseroan In conducting its business activities, the Company classifies
mengelompokkan portofolio produk ke dalam segmen yang its product portfolio into segments designed to address
dirancang untuk menjawab beragam kebutuhan perlindungan the diverse financial protection and planning needs of
dan perencanaan finansial masyarakat. Struktur ini mencakup the community. This structure encompasses basic life
perlindungan dasar jiwa, perlindungan kesehatan dan protection, health and accident coverage, as well as solutions
kecelakaan, hingga solusi dengan nilai tambah finansial. Setiap with added financial value. Each product category is developed
kategori produk dikembangkan dengan mempertimbangkan by considering the increasingly diverse customer needs, while
kebutuhan nasabah yang kian beragam, sekaligus also aligning with trends in the modern insurance industry.
menyesuaikan tren industri asuransi modern.
Kategori Jenis Produk Uraian
Category Product Type Description
Perlindungan Jiwa Asuransi Jangka Warsa Proteksi risiko kematian dalam periode tertentu dengan premi terjangkau.
Life Protection Term Insurance Protection against the risk of death for a specified period at affordable
premiums.
Asuransi Jiwa Dwiguna Kombinasi proteksi jiwa, tabungan pendidikan, hingga manfaat kematian.
Endowment Insurance A combination of life protection, education savings, and death benefits.
Asuransi Jiwa Seumur Hidup Perlindungan seumur hidup dengan nilai tunai di akhir kontrak.
Whole Life Insurance Lifetime protection with cash value payable at the end of the policy term.
Perlindungan Kesehatan Asuransi Kesehatan Perlindungan medis, termasuk 31 penyakit kritis yang telah ditetapkan.
dan Kecelakaan Health Insurance Medical protection, including coverage for 31 specified critical illnesses.
Health and Accident Asuransi Kecelakaan Diri Kompensasi finansial untuk perawatan, rehabilitasi, hingga santunan kematian
Protection Personal Accident Insurance akibat kecelakaan.
Financial compensation for medical treatment, rehabilitation, and death
benefits resulting from accidents.
Perlindungan dan Investasi Asuransi Unit Link Perlindungan sekaligus peluang investasi fleksibel.
Protection and Investment Unit Link Insurance Protection combined with flexible investment opportunities.
Tinjauan Operasional per Segmen Operasi
Operational Overview by Operating Segment
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan
Kontribusi Kontribusi (Penurunan)
Uraian 2025 Contribution 2024 *
Contribution Increase (Decrease) Description
(%) (%)
Rp %
Kontrak Asuransi Health Insurance
951.086 48,31 650.189 41,83 300.897 46,28
Kesehatan Contract
Kontrak Asuransi Unit Link Insurance
308.616 15,68 268.971 17,31 39.645 14,74
Unit Link Contract
Kontrak Asuransi Traditional Insurance
472.698 24,01 382.380 24,60 90.318 23,62
Tradisional Contract
Kontrak Asuransi
Mortgage
Mortgage
236.426 12,01 252.707 16,26 (16.281) (6,44) Redemption Insurance
Redemption Insurance
(MRI) Contract
(MRI)
Total Pendapatan Total Insurance
1.968.826 100,00 1.554.247 100,00 414.579 26,67
Asuransi1) Income1)
1)
Disajikan berdasarkan PSAK 117. / Presented based on PSAK 117.
* Disajikan kembali. / Restated.
PT MSIG Life Insurance Indonesia Tbk 126 Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Throughout 2025, the Company recorded insurance revenue
Sepanjang tahun 2025, Perseroan mencatatkan pendapatan of Rp1.97 trillion, representing a 26.67% increase compared to
asuransi sebesar Rp1,97 triliun, mencerminkan pertumbuhan Rp1.55 trillion in the previous year. This increase was primarily
sebesar 26,67% dibandingkan tahun sebelumnya yang driven by a significant increase in health insurance contracts,
mencapai Rp1,55 triliun. Kenaikan ini terutama didorong oleh which saw a 46.28% increase.
peningkatan signifikan pada kontrak asuransi kesehatan, yang
mengalami kenaikan sebesar 46,28%.
Profitabilitas
Profitability
(disajikan dalam % / expressed in %)
Uraian 2025 2024* Description
Rasio Laba Tahun Berjalan terhadap Total Aset 1,30 2,59 Ratio of Income for the Year to Total Assets
Rasio Laba Tahun Berjalan terhadap Total Ekuitas 2,42 4,42 Ratio of Income for the Year to Total Equity
Rasio Laba Tahun Berjalan terhadap Pendapatan 6,61 15,93 Ratio of Income for the Year to Revenue
* Disajikan kembali. / Restated.
The Company measures profitability ratios to assess how
Perseroan mengukur rasio profitabilitas untuk mengetahui efficiently it generates profits based on measurement bases
seberapa efisien perusahaan dalam menghasilkan laba such as assets, equity, and revenue. In 2025, the ratio of income
berdasarkan basis pengukuran seperti aset, ekuitas, dan for the year to revenue was recorded at 6.61%, decreasing by
pendapatan. Pada tahun 2025, rasio laba tahun berjalan compared to that of 2024, which stood at 15.93%. Meanwhile,
berjalan terhadap pendapatan tercatat sebesar 6,61%, the ratio of income for the year to total assets and to total
menurun dibandingkan tahun 2024 yang tercatat sebesar equity was recorded at 1.30% and 2.42%, respectively, and
15,93%. Adapun rasio laba tahun berjalan terhadap total aset tended to decrease compared to that of the previous year.
dan total ekuitas, masing-masing sebesar 1,30% dan 2,42%,
cenderung menurun dibandingkan tahun sebelumnya.
2025 Annual Report 127 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Aspek Pemasaran
Marketing Aspect
Posisi Perseroan 2025 Company Position in 2025
Pada tahun 2025, Perseroan menempati posisi yang In 2025, the Company strengthened its position in the
semakin kokoh di industri asuransi jiwa nasional. Perseroan national life insurance industry. The Company demonstrated
menunjukkan kemampuan adaptasi dengan memadukan its adaptability by combining traditional and digital
kekuatan distribusi tradisional dan digital, menghadirkan distribution strengths, introducing relevant products such
produk yang relevan seperti perlindungan penyakit kritis as comprehensive critical illness protection, and maintaining
komprehensif, serta menjaga pertumbuhan premi yang solid, solid premium growth, achieving an increase of 36.78% to
di mana berhasil tumbuh mencapai 36,78% dengan nilai Rp4.45 trillion based on PSAK 104. The strategic step of
Rp4,45 triliun berdasarkan PSAK 104. Langkah strategis spinning-off the Sharia Business Unit into a separate entity
berupa spin-off unit usaha syariah menjadi entitas tersendiri further reinforced regulatory compliance while expanding
mempertegas kepatuhan terhadap regulasi sekaligus market reach.
memperluas cakupan pasar.
Di tengah persaingan yang kian intens dan tekanan biaya klaim Amid the increasingly intense competition and rising health
kesehatan, Perseroan tetap mampu menjaga kinerja investasi claim costs, the Company continued to maintain positive
yang positif dan memperkuat reputasi melalui penghargaan investment performance and strengthen its reputation
pasar. Diferensiasi Perseroan tercermin pada positioning through market recognition and awards. The Company’s
sebagai penyedia proteksi dan perencanaan keuangan differentiation is reflected in its positioning as a premium
premium yang tidak hanya fokus pada harga, melainkan pada provider of protection and financial planning solutions that
kualitas layanan, nilai tambah finansial, serta pengalaman focus not merely on price, but on service quality, added
nasabah yang terintegrasi. financial value, and integrated customer experience.
Strategi Pemasaran Marketing Strategy
Fokus strategi pemasaran tahun 2025 diarahkan untuk The focus of the Company’s marketing strategy in 2025 was
memperkuat posisi Perseroan di pasar asuransi jiwa nasional directed toward strengthening its position in the national
sekaligus memperluas jangkauan segmen yang dilayani. life insurance market while expanding the reach of segments
Seluruh inisiatif tersebut dibangun untuk memperkuat served. All initiatives were designed to reinforce brand
kehadiran merek, menjalin kemitraan strategis, dan presence, build strategic partnerships, and ensure a more
memastikan pengalaman pelanggan yang lebih bernilai. Upaya value-driven customer experience. The initiatives undertaken
yang ditempuh mencakup: included:
1. Pengembangan kapasitas kanal distribusi Perseroan 1. The development of the Company’s distribution channel
melalui pembukaan kantor pemasaran yang baru, sekaligus capacity through the opening of new marketing offices
meluncurkan inovasi digital FORTIFY untuk menjangkau and launching the FORTIFY digital innovation, to reach
segmen pasar yang lebih luas. a broader market segment.
2. Penjajakan potensi perluasan kerja sama dengan mitra 2. Exploration of potential expansion of partnerships
eksisting dan juga kerja sama baru dengan institusi with existing partners, as well as the establishment of
finansial terkemuka di Indonesia. new collaborations with leading financial institutions in
Indonesia.
3. Peluncuran produk-produk baru yang dikembangkan 3. The launch of new products developed based on in-depth
berdasarkan analisa mendalam dengan tujuan utama analysis, with the primary objective of meeting dynamic
untuk memenuhi kebutuhan pasar yang dinamis. market needs.
4. Proses pengembangan ekosistem digital yang terintegrasi 4. The development of an integrated digital ecosystem
untuk memastikan pelayanan prima kepada nasabah untuk to ensure excellent customer service and enhance
meningkatkan customer experience terhadap proses kerja the overall customer experience in the Company’s
Perseroan. operational processes.
PT MSIG Life Insurance Indonesia Tbk 128 Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
5. Pemantauan proses pemasaran berbasis data untuk 5. Data-driven monitoring of marketing processes to
memastikan akurasi atas strategi yang diterapkan hingga ensure the accuracy of implemented strategies and
informasi yang disediakan bagi seluruh nasabah. the information provided to all customers.
6. Melanjutkan proses pemisahan unit syariah yang sudah 6. The continuation of the spin-off process of the Sharia
memasuki tahap permohonan perizinan sebagai bukti unit, which has entered the licensing application stage,
komitmen Perseroan untuk mengembangkan bisnis as a demonstration of the Company’s commitment to
asuransi jiwa syariah. developing its Sharia life insurance business.
Pangsa Pasar Market Share
Pangsa pasar mencerminkan daya saing dan posisi Perseroan Market share reflects the Company’s competitiveness and
dalam industri asuransi jiwa nasional. Sebagai bagian dari grup position within the national life insurance industry. As part of
asuransi bereputasi global, Perseroan menempatkan fokus a globally reputable insurance group, the Company focuses
pada penguatan portofolio produk dan strategi pemasaran on strengthening its product portfolio and implementing
yang terarah guna menjawab kebutuhan masyarakat targeted marketing strategies to address the increasingly
yang semakin beragam. Gambaran pangsa pasar berikut diverse community needs. The following market share
memberikan perspektif atas kontribusi Perseroan terhadap overview provides perspective on the Company’s contribution
perkembangan industri sepanjang tahun 2025: to industry development throughout 2025:
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Asuransi 2025 2024 Insurance
Aset Assets
Industri Perasuransian 2.150.525.780 1.976.988.029 Insurance Industry
Asuransi Jiwa 667.456.754 619.232.674 Life Insurance
Perseroan 15.871.202 14.372.457 Company
Pangsa Pasar Industri Perasuransian (%) 0,74 0,73 Insurance Industry Market Share (%)
Pangsa Pasar Asuransi Jiwa (%) 2,38 2,32 Life Insurance Market Share (%)
Premi* Premium*
Industri Perasuransian 605.517.302 606.127.655 Insurance Industry
Asuransi Jiwa 160.216.698 181.119.313 Life Insurance
Perseroan 4.452.413 3.255.100 Company
Pangsa Pasar Industri Perasuransian (%) 0,74 0,54 Insurance Industry Market Share (%)
Pangsa Pasar Asuransi Jiwa (%) 2,78 1,80 Life Insurance Market Share (%)
Klaim Claim
Industri Perasuransian 479.734.631 460.616.064 Insurance Industry
Asuransi Jiwa 134.765.495 145.331.281 Life Insurance
Perseroan 1.069.041 729.063 Company
Pangsa Pasar Industri Perasuransian (%) 0,22 0,16 Insurance Industry Market Share (%)
Pangsa Pasar Asuransi Jiwa (%) 0,79 0,50 Life Insurance Market Share (%)
* Data tahun 2025 tidak termasuk aspek syariah. / 2025 data does not include sharia aspects.
2025 Annual Report 129 PT MSIG Life Insurance Indonesia Tbk
Page 132
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tinjauan Keuangan
Financial Overview
Laporan Posisi Keuangan
Statements of Financial Position
Aset
Assets
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan (Penurunan)
Uraian 2025 2024* Increase (Decrease) Description
Rp %
Aset Keuangan Financial Assets
Kas dan Bank 1.001.539 668.876 332.663 49,73 Cash on Hand and in Banks
Piutang Kontribusi 4.728 1.136 3.592 316,20 Contribution Receivables
Piutang Investasi 164.607 167.949 (3.342) (1,99) Investment Receivables
Piutang Lain-Lain 51.304 18.867 32.437 171,92 Other Receivables
Investasi 14.077.352 12.918.870 1.158.482 8,97 Investments
Aset Lain-Lain – Jaminan 4.011 3.959 52 1,31 Other Assets – Deposits
Total Aset Keuangan 15.303.541 13.779.657 1.523.884 11,06 Total Financial Assets
Aset Non-Keuangan Non-Financial Assets
Aset Lain-Lain 283.058 279.896 3.162 1,13 Other Assets
Biaya Dibayar di Muka 105.078 136.191 (31.113) (22,85) Prepaid Expenses
Aset Tetap – Neto 162.482 168.809 (6.327) (3,75) Fixed Assets – Net
Aset Hak Guna – Neto 17.041 7.904 9.137 115,60 Right-of-Use Assets – Net
Total Aset Non-Keuangan 567.661 592.800 (25.139) (4,24) Total Non-Financial Assets
Total Aset 15.871.202 14.372.457 1.498.745 10,43 Total Assets
* Disajikan kembali. / Restated.
Total Aset Total Assets
Pada tahun 2025, total aset Perseroan tercatat sebesar Rp15,87 In 2025, the Company’s total assets amounted to Rp15.87
triliun, meningkat 10,43% atau Rp1,50 triliun dibandingkan trillion, increasing by 10.43% or Rp1.50 trillion compared
tahun sebelumnya yang mencapai Rp14,37 triliun. Pencapaian to that of the previous year, which reached Rp14.37 trillion.
ini terutama disebabkan oleh meningkatnya aset keuangan This achievement was primarily attributable to an increase in
sebesar 11,06%. financial assets of 11.06%.
Total Aset Keuangan Total Financial Assets
Hingga 31 Desember 2025, total aset keuangan Perseroan As of December 31, 2025, the Company’s total financial
tercatat sebesar Rp15,30 triliun, meningkat 11,06% atau assets amounted to Rp15.30 trillion, increasing by 11.06%
setara dengan Rp1,52 miliar dibandingkan tahun 2024 or equivalent to Rp1.52 billion compared to that of 2024, which
sebesar Rp13,78 triliun. Kondisi ini utamanya dipengaruhi totaled Rp13.78 trillion. This condition was mainly influenced
oleh kenaikan pada kas bank sebesar 49,73% serta investasi by an increase in bank cash of 49.73% and investment of
sebesar 8,97%. 8.97%.
Total Aset Non-Keuangan Total Non-Financial Assets
Pada tahun 2025, aset non-keuangan Perseroan menurun In 2025, the Company’s non-financial assets decreased
sebesar 4,24% atau setara dengan Rp25,14 miliar, dari by 4.24% or equivalent to Rp25.14 billion, from Rp670.96
Rp592,80 miliar di tahun 2024 menjadi Rp567,66 miliar. Hal billion in 2024 to Rp567.66 billion. This was primarily due to
tersebut terutama disebabkan oleh penurunan biaya dibayar a decrease in prepaid expenses of 22.85%.
di muka sebesar 22,85%.
PT MSIG Life Insurance Indonesia Tbk 130 Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Liabilitas
Liabilities
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan (Penurunan)
Uraian 2025 2024* Increase (Decrease) Description
Rp %
Liabilitas Keuangan Financial Liabilities
Utang Komisi 1.835 2.776 (941) (33,90) Commissions Payable
Utang Lain-Lain 223.762 112.375 111.387 99,12 Other Liabilities
Beban Akrual 139.692 112.720 26.972 23,93 Accrued Expenses
Liabilitas Sewa 15.453 6.876 8.577 124,74 Lease Liabilities
Utang Klaim – Syariah 1.244 1.263 (19) (1,50) Claims Payable – Sharia
Total Liabilitas Keuangan 381.986 236.010 145.976 61,85 Total Financial Liabilities
Liabilitas Non-Keuangan Non-Financial Liabilities
Liabilitas Kontrak Asuransi 6.164.445 4.961.616 1.202.829 24,24 Insurance Contract Liabilities
Liabilitas Kontrak Reasuransi 11.180 3.788 7.392 195,14 Reinsurance Contract Liabilities
Laibilitas kepada Pemegang
153.643 173.926 (20.283) (11,66) Liabilities to Policyholders – Sharia
Polis - Syariah
Liabilitas Imbalan Kerja Karyawan 21.821 26.110 (4.289) (16,43) Employee Benefit Liability
Utang Pajak 2.025 4.659 (2.634) (56,54) Taxes Payable
Liabilitas Pajak Tangguhan 61.660 28.907 32.753 113,30 Deferred Tax Liabilities
Ujrah Diterima di Muka 41.909 55.419 (13.510) (24,38) Unearned Ujrah
Simpanan Pemegang Polis 328.836 281.463 47.373 16,83 Policyholders’ Deposits
Total Liabilitas Non-Keuangan 6.785.519 5.535.888 1.249.631 22,57 Total Non-Financial Liabilities
Total Liabilitas 7.167.505 5.771.898 1.395.607 24,18 Total Liabilities
* Disajikan kembali. / Restated.
Total Liabilitas Total Liabilities
Perseroan membukukan liabilitas tahun 2025 sebesar Rp7,17 The Company recorded total liabilities of Rp7.17 trillion
triliun, meningkat 24,18% atau sebesar Rp1,40 triliun, in 2025, increasing by 24.18% or Rp1.40 trillion compared
dibandingkan tahun sebelumnya yang mencapai Rp5,77 triliun. to that of the previous year, which reached Rp5.77 trillion.
Kondisi ini sejalan dengan kenaikan pada liabilitas keuangan This condition was in line with the increase in financial and
dan keuangan non-keuangan, masing-masing sebesar 61,85% non-financial liabilities, respectively amounting to 61.85% and
dan 22,57%. 22.57%.
Total Liabilitas Keuangan Total Financial Liabilities
Liabilitas keuangan Perseroan meningkat 61,85% atau setara The Company’s financial liabilities increased by 61.85%
Rp145,98 miliar, dari Rp236,01 miliar di tahun 2024 menjadi or equivalent to Rp145.98 billion, from Rp236.01 billion in
Rp381,99 miliar di tahun 2025. Hal ini terutama disebabkan 2024 to Rp381.99 billion in 2025. This condition was mainly
oleh meningkatnya utang lain-lain sebesar 99,12%. caused by an increase in other debts by 99.12%.
Total Liabilitas Non-Keuangan Total Non-Financial Liabilities
Hingga 31 Desember 2025, liabilitas non-keuangan Perseroan As of December 31, 2025, the Company’s non-financial
mencapai Rp6,79 triliun, meningkat 22,57% atau setara liabilities reached Rp6.79 trillion, increasing by 22.57%
dengan Rp1,25 triliun dibandingkan tahun 2024 yang tercatat or equivalent to Rp1.25 trillion compared to that of 2024,
sebesar Rp5,54 triliun. Kondisi ini terutama disebabkan oleh which was Rp5.54 trillion. This condition was primarily
kenaikan liabilitas kontrak asuransi dan liabilitas kontrak attributable to an increase in insurance contract liabilities
reasuransi, masing-masing sebesar 24,24% dan 195,14%. and reinsurance contract liabilities, amounting to 24.24% and
195.14%, respectively.
2025 Annual Report 131 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Dana Peserta
Participants’ Fund
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan (Penurunan)
Uraian 2025 2024 Increase (Decrease) Description
Rp %
Dana Tabarru dan Dana Tanahud 16.338 13.695 2.643 19,30 Tabarru Fund and Tanahud Fund
Dana Investasi Peserta Participant’s Investment Fund
Akad Wakalah 143.891 143.557 334 0,23 Akad Wakalah
Akad Mudharabah 33.077 27.343 5.734 20,97 Akad Mudharabah
Total Dana Peserta 193.306 184.595 8.711 4,72 Total Participants’ Fund
Perseroan membukukan dana peserta pada tahun 2025 The Company recorded participants’ funds in 2025 amounting
sebesar Rp193,31 miliar, meningkat dibandingkan tahun to Rp193.31 billion, an increase compared to that of
sebelumnya yang tercatat sebesar Rp184,60 miliar. Hal ini the previous year, which stood at Rp184.60 billion. This was
terutama disebabkan oleh meningkatnya dana investasi mainly due to the increase in participant investment funds
peserta berdasarkan akad mudharabah serta dana tabarru dan based on akad mudharabah as well as tabarru and tanahud
tanahud, masing-masing sebesar 20,97% dan 19,30%. funds, amounting to 20.97% and 19.30% respectively.
Total Ekuitas
Total Equity
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan (Penurunan)
Uraian 2025 2024* Increase (Decrease) Description
Rp %
Modal Dasar, Ditempatkan, dan Authorized, Issued, and Fully
210.000 210.000 - -
Disetor Penuh Paid-Up Capital
Tambahan Modal Disetor 6.842.500 6.842.500 - - Additional Paid-in Capital
Keuntungan yang Belum Direalisasi
Unrealized Gain on Changes in Fair
atas Perubahan Nilai Wajar Efek
Value of Securities at Fair Value
yang Diukur pada Nilai Wajar 410.183 62.407 347.776 557,27
through Other Comprehensive
melalui Penghasilan Komprehensif
Income – Net
Lain – Neto
Penyisihan Kerugian Penurunan Allowance for Impairment
Nilai atas Efek yang Diukur pada Losses on Securities Measured
6.062 2.867 3.195 111,44
Nilai Wajar melalui Penghasilan at Fair Value through Other
Komprehensif Lain Comprehensive Income
Surplus Revaluasi Tanah dan Revaluation Surplus on Land and
113.331 118.229 (4.898) (4,14)
Bangunan – Neto Buildings – Net
Cadangan Keuangan Asuransi (214.684) (66.807) 147.877 221,35 Insurance Financial Reserves
Saldo Laba 1.142.999 1.246.768 (103.769) (8,32) Retained Earnings
Total Ekuitas 8.510.391 8.415.964 94.427 1,12 Total Equity
* Disajikan kembali. / Restated.
Pada tahun 2025, ekuitas Perseroan tercatat sebesar Rp8,51 In 2025, the Company’s equity amounted to Rp8.51 trillion.
triliun. Jumlah tersebut meningkat sebesar 1,12% atau setara This figure increased by 1.12% or equivalent to Rp94.43 billion
Rp94,43 miliar, dibandingkan tahun sebelumnya yang tercatat compared to that of the previous year, which was recorded
sebesar Rp8,42 triliun. Hal ini disebabkan oleh peningkatan at Rp7.66 trillion. This change was due to an increase in
pada keuntungan yang belum direalisasi atas perubahan nilai unrealized gains from changes in the fair value of securities
wajar efek yang diukur pada nilai wajar melalui penghasilan measured at fair value through other comprehensive
komprehensif lain – neto sebesar Rp347,78 miliar atau sebesar income - net, amounting to Rp347.78 billion or 557.27%, as
557,27% dan peningkatan atas cadangan keuangan asuransi well as an increase in insurance financial reserves of 221.35%.
sebesar 221,35%.
PT MSIG Life Insurance Indonesia Tbk 132 Laporan Tahunan 2025
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Laporan Laba Rugi dan Penghasilan Komprehensif Lain
Statements of Profit or Loss and Other Comprehensive Income
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan (Penurunan)
Uraian 2025 2024* Increase (Decrease) Description
Rp %
Total Pendapatan1) 3.117.750 2.333.996 783.754 33,58 Total Income1)
Total Beban1) (2.836.143) (1.891.559) (944.584) 49,94 Total Expenses1)
Laba Sebelum Beban Pajak Final Income Before Final Tax and
281.607 442.437 (160.830) (36,35)
dan Pajak Penghasilan Income Tax Expense
Pajak Final (75.379) (73.301) 2.078 2,83 Final Tax
Income Before Income Tax
Laba Sebelum Pajak Penghasilan 206.228 369.136 (162.908) (44,13)
Expense
Manfaat (Beban) Pajak Penghasilan - 2.553 (2,553) 100,00 Income Tax Benefit (Expenses)
Laba Tahun Berjalan 206.228 371.689 (165.461) (44,52) Income for the Year
Penghasilan (Rugi) Komprehensif Other Comprehensive Income
217.920 (50.133) 268.053 534,68
Lain, Setelah Pajak (Loss), Net of Tax
Total Penghasilan Komprehensif Total Comprehensive Income
424.148 321.556 102.592 31,90
Tahun Berjalan for the Year
Laba per Saham Dasar Basic Earnings per Share
98 177 (79) (44,63)
(Nilai Penuh) (Full Amount)
1)
Disajikan mengikuti akun PSAK 104 dengan penyesuaian berdasarkan pada ketentuan IFRS 17. Pendapatan terdiri dari Pendapatan Asuransi, Pendapatan Ujrah, Pendapatan
Investasi - Neto, dan Pendapatan Lain-Lain. Adapun Beban berasal dari Beban Jasa Asuransi, Beban Bersih dari Kontrak Reasuransi yang Dimiliki, Penyisihan Kerugian Penurunan
Nilai, Beban Keuangan dari Kontrak Asuransi, Beban Umum dan Administrasi, dan Beban Lain-lain. / Presented following PSAK 104 accounts with adjustments based on
the provisions of IFRS 17. Revenue consists of Insurance Revenue , Ujrah Income, Investment Income - Net, and Other Income. Expenses come from Insurance Service
Expenses, Net Expenses from Reinsurance Contracts Held, Provision for Impairment Losses, Financial Expenses from Insurance Contracts, General and Administrative
Expenses, and Other Expenses.
* Disajikan kembali. / Restated.
Total Pendapatan Total Income
Pendapatan usaha Perseroan di tahun 2025 tercatat sebesar The Company’s operating income in 2025 amounted to Rp3.12
Rp3,12 triliun, meningkat 33,58% atau sebesar Rp783,75 trillion, increasing by 33.58% or Rp783.75 billion compared
miliar dibandingkan tahun sebelumnya sebesar Rp2,33 triliun. to that of the previous year, which reached Rp2.33 trillion.
Peningkatan ini didorong oleh pertumbuhan pendapatan This growth was primarily influenced by growth in investment
investasi – neto sebesar 82,72% dan pendapatan asuransi income - net of 82.72% and insurance income of 26.67%.
sebesar 26,67%.
Total Beban Total Expenses
Pada tahun 2025, total beban Perseroan mengalami kenaikan In 2025, the Company’s total expenses increased by 49.94%
49,94% atau sebesar Rp944,58 miliar, dari Rp1,89 triliun di or Rp944.58 billion, from Rp1.89 trillion in 2024 to Rp2.84
tahun 2024 menjadi Rp2,84 triliun. Kondisi ini berasal dari trillion. This condition resulted from the increase in financial
meningkatnya beban keuangan dari kontrak asuransi sebesar costs from insurance contracts by 430.93% and insurance
430,93% dan beban jasa asuransi sebesar 35,18%. service costs by 35.18%.
Laba Tahun Berjalan Income for the Year
Laba usaha berjalan Perseroan pada tahun 2025 dibukukan The Company’s income for the year in 2025 amounted to
sebesar Rp206,23 miliar, menurun sebesar Rp165,46 miliar Rp206.23 billion, decreasing by Rp165.46 billion or 44.52%
atau 44,52% dibandingkan periode tahun 2024 yang tercatat compared to the 2024 period, which was recorded at Rp351.46
sebesar Rp371,69 miliar. Penurunan tersebut selaras dengan billion. The decrease was in line with the increase in expenses
kenaikan beban yang berkaitan dengan kontrak asuransi, yaitu related to insurance contracts, namely insurance service
beban jasa asuransi sebesar 35,18% dan beban keuangan dari expenses of 35.18% and financial expenses from insurance
kontrak asuransi sebesar 430,93%. contracts of 430.93%.
Penghasilan (Rugi) Komprehensif Lain, Other Comprehensive Income (Loss),
Setelah Pajak Net of Tax
Pada tahun 2025, Perseroan mencatatkan penghasilan In 2025, the Company recorded other comprehensive
komprehensif lain setelah pajak sebesar Rp217,92 miliar. income, net of tax, amounting to Rp217.92 billion. This figure
Jumlah tersebut meningkat sebesar 534,68% atau setara increased by 534.68% or equivalent to Rp268.05 billion from
Rp268,05 miliar, dari sebelumnya tercatat rugi sebesar Rp50,13 the previous period, which recorded a loss of Rp50.13 billion.
miliar. Kondisi tersebut dipengaruhi oleh meningkatnya This condition was influenced by an increase in unrealized
2025 Annual Report 133 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
keuntungan yang belum direalisasi atas perubahan nilai gains from changes in the fair value of securities measured at
wajar efek yang diukur pada nilai wajar melalui penghasilan fair value through other comprehensive income of 534.68%.
komprehensif lain sebesar 534,68%.
Total Penghasilan Komprehensif Tahun Berjalan Total Comprehensive Income for the Year
Perseroan membukukan penghasilan komprehensif tahun The Company recorded total comprehensive income for
berjalan di tahun 2025 sebesar Rp424,15 miliar, meningkat the year 2025 amounting to Rp424.15 billion, increasing by
31,90% atau setara dengan Rp102,59 miliar, dibandingkan 31.90% or equivalent to Rp102.59 billion compared to that of
tahun sebelumnya yang tercatat sebesar Rp321,56 miliar. the previous year, which was Rp321.56 billion. This increase
Peningkatan ini dipengaruhi oleh meningkatnya penghasilan was influenced by an increase in other comprehensive income
komprehensif lain setelah pajak sebesar 534,68%. after tax of 534.68%.
Laporan Arus Kas
Statements of Cash Flows
(disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
Peningkatan (Penurunan)
Uraian 2025 2024 Increase (Decrease) Description
Rp %
Arus Kas Neto Diperoleh dari
Net Cash Flows Provided by
(Digunakan untuk) Aktivitas 515.501 (603.929) 1.119.430 185,36
(Used in) Operating Activities
Operasi
Arus Kas Neto Diperoleh dari Net Cash Flows Provided by
157.944 576.954 (419.010) (72,62)
Aktivitas Investasi Investing Activities
Arus Kas Neto Digunakan untuk Cash Flows Used in Financing
(344.916) (89.259) 255.657 286,42
Aktivitas Pendanaan Activities
Arus Kas Neto Diperoleh dari (Digunakan Net Cash Flows Provided by (Used in)
untuk) Aktivitas Operasi Operating Activities
Pada tahun 2025, Perseroan mencatatkan kas neto yang In 2025, the Company recorded net cash used in operating
diperoleh dari aktivitas operasi sebesar Rp515,50 miliar, activities amounting to Rp515.50 billion, increasing by
meningkat sebesar 185,36% atau setara Rp1,12 triliun, setelah 185.36% or equivalent to Rp1.12 billion, after previously
sebelumnya mencatatkan kas neto yang digunakan untuk recording net cash used in operating activities of Rp603.93
aktivitas operasi sebesar Rp603,93 miliar di tahun 2024. Hal billion in 2024. This was attributable to an increase in premium
ini disebabkan karena terjadinya kenaikan pada penerimaan receipts of 35.09%.
premi sebesar 35,09%.
Arus Kas Neto Diperoleh dari Aktivitas Net Cash Flow Provided by Investing Activities
Investasi
Kas neto diperoleh dari aktivitas investasi tercatat sebesar Net cash provided by investing activities amounted to
Rp157,94 miliar di tahun 2025. Jumlah tersebut menurun Rp157.94 billion in 2025. This figure decreased by 72.62%
sebesar 72,62% atau setara Rp419,01 miliar, dibandingkan or equivalent to Rp419.01 billion compared to that of
tahun sebelumnya yang tercatat sebesar Rp576,95 miliar. the previous year, which recorded Rp576.95 billion. This
Perubahan ini dipengaruhi oleh terjadinya kenaikan pada efek change was influenced by an increase in securities measured
yang diukur pada nilai wajar melalui laba rugi sebesar 114,66%. at fair value through profit or loss of 114.66%.
Arus Kas Neto Digunakan untuk Aktivitas Net Cash Flow Used in Financing Activities
Pendanaan
Pada tahun 2025, kas bersih yang digunakan untuk aktivitas In 2025, net cash used in financing activities amounted to
pendanaan sebesar Rp344,92 miliar. Jumlah ini mengalami Rp344.92 billion. This figure represented an increase of
peningkatan sebesar 286,42% atau setara Rp255,66 miliar 286.42% or equivalent to Rp255.66 billion compared to that
dibandingkan tahun sebelumnya yang tercatat sebesar of the previous year, which was recorded at Rp89.26 billion.
Rp89,26 miliar.
PT MSIG Life Insurance Indonesia Tbk 134 Laporan Tahunan 2025
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Kemampuan Membayar Utang
Debt Service Ability
(disajikan dalam % / expressed in %)
Uraian 2025 2024* Description
Rasio Likuiditas Liquidity Ratio
Rasio Lancar 158,41 623,32 Current Ratio
Rasio Liabilitas terhadap Total Ekuitas 84,22 68,58 Liabilities to Total Equity Ratio
Rasio Liabilitas terhadap Total Aset 45,16 40,16 Liabilities to Total Assets Ratio
Rasio Solvabilitas Solvency Ratio
Konvensional 1.357,66 1.825,19 Conventional
Syariah 246,19 120,00 1)
Sharia
1)
Rasio tingkat solvabilitas telah memperhitungkan Qardh yang diperhitungkan sebagai penambah aset yang diperkenankan Dana Tabarru. / The solvency level ratio has
taken into account Qardh, which is considered an allowable asset addition to the Tabarru Fund.
* Disajikan kembali. / Restated.
Rasio Likuiditas Liquidity Ratio
Hasil pengukuran rasio likuiditas Perseroan tahun 2025 dengan Based on the Company’s liquidity ratio measurements in
menggunakan rasio lancar tercatat sebesar 158,41% lebih 2025, the current ratio was recorded at 158.41%, which was
rendah dibandingkan tahun sebelumnya sebesar 623,32%. lower than the previous year’s level of 623.32%. Meanwhile,
Sedangkan, rasio liabilitas terhadap total ekuitas dan total aset the liabilities to equity ratio and liabilities to assets ratio
mengalami peningkatan dengan masing-masing pencapaian increased, with respective figures in 2025 of 84.22% and
di tahun 2025 sebesar 84,22% dan 45,16%. Hal tersebut 45.16%. These results demonstrate the Company’s ability to
menunjukkan kemampuan Perseroan dalam membayar utang settle its liabilities and meet long‑term obligations in a timely
serta memenuhi kewajiban jangka panjangnya secara tepat manner.
waktu.
Rasio Solvabilitas Solvency Ratio
Mengacu pada Peraturan Otoritas Jasa Keuangan No. 5 Tahun Referring to Financial Services Authority Regulation No. 5 of
2023, Perseroan diwajibkan menjaga tingkat solvabilitas 2023, the Company is required to maintain a minimum solvency
minimum 120% untuk bisnis konvensional. Sementara itu, ratio of 120% for its conventional business. Meanwhile,
berdasarkan Peraturan Otoritas Jasa Keuangan No. 6 Tahun under Financial Services Authority Regulation No. 6 of 2023,
2023, rasio solvabilitas dana tabarru untuk bisnis berbasis the solvency ratio of the tabarru’ fund for Sharia-based
syariah ditetapkan minimal 100% guna mengantisipasi potensi business is set at a minimum of 100% to anticipate potential
risiko keuangan. financial risks.
Per 31 Desember 2025, Perseroan telah memenuhi ketentuan As of December 31, 2025, the Company has complied with
ini dengan tingkat solvabilitas konvensional mencapai these requirements, with its conventional solvency ratio
1.357,66% dan solvabilitas syariah mencapai 246,19%. reaching 1,357.66% and its sharia solvency ratio reaching
246.19%.
Tingkat Kolektibilitas Piutang Receivables Collectability Rate
Efektivitas pengelolaan piutang Perseroan tercermin dari The effectiveness of the Company’s receivables management
tingkat kolektibilitas dan rata-rata lama penagihan, di mana is reflected in the collectability rate and the average collection
semakin rendah nilai rasio tersebut, semakin tinggi efisiensi period, where the lower the ratio, the higher the efficiency
dalam proses penagihan. Perseroan menerapkan pengelolaan of the collection process. The Company implements prudent
piutang yang cermat dengan mempertimbangkan sifat, receivables management by considering the nature, type,
jenis, dan hubungan transaksi, serta didukung oleh kebijakan and transaction relationships, supported by policies on
pembentukan cadangan kerugian penurunan nilai untuk the allowance for impairment losses to anticipate the risk of
mengantisipasi risiko piutang yang tidak tertagih. Melalui uncollectible receivables. Through this strategy, the Company
strategi ini, Perseroan terus meningkatkan efisiensi dalam continues to improve efficiency in receivables management
pengelolaan piutang dan memastikan bahwa seluruh piutang and ensures that all trade receivables recorded in
usaha yang tercatat dalam laporan keuangan memiliki the financial statements have a high probability of being
probabilitas tinggi untuk tertagih secara optimal. collected optimally.
2025 Annual Report 135 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Struktur Permodalan dan Kebijakan Capital Structure and Management Policy
Manajemen
Kebijakan Manajemen dan Dasar Penentuan Management Policy and Basis for Determining
atas Struktur Modal Capital Structure
Perseroan menjaga struktur modal dengan pendekatan yang The Company maintains its capital structure using a prudent
hati-hati dan adaptif, selaras dengan ketentuan permodalan and adaptive approach, in line with capital adequacy
industri asuransi yang ditetapkan Otoritas Jasa Keuangan. requirement for the insurance industry as stipulated by
Pengelolaan modal dengan tujuan memastikan struktur the Financial Services Authority. Capital management is carried
permodalan yang sehat, optimal, dan berkelanjutan guna out to ensure a sound, optimal, and sustainable capital structure
mendukung pertumbuhan bisnis jangka panjang. Dalam that supports long-term business growth. In implementing
menjalankan strategi permodalannya, Perseroan mematuhi its capital strategy, the Company complies with the insurance
ketentuan permodalan industri asuransi sesuai dengan industry’s capital requirements in accordance with applicable
regulasi yang berlaku, termasuk standar kecukupan modal regulations, including the minimum capital adequacy standards
minimum yang ditetapkan oleh Otoritas Jasa Keuangan. established by the Financial Services Authority.
Untuk menjaga keseimbangan antara risiko dan profitabilitas, To maintain a balance between risk and profitability,
Perseroan melakukan evaluasi berkala terhadap struktur the Company conducts periodic evaluations of its capital
modal, dengan mempertimbangkan tingkat likuiditas, rasio structure by considering liquidity levels, solvency ratios, and
solvabilitas, serta potensi ekspansi bisnis. Hingga saat potential business expansion. To date, the Company’s capital
ini, kebutuhan permodalan Perseroan telah sepenuhnya requirements have been fully supported by its existing capital,
terakomodasi oleh modal yang dimiliki, mencerminkan reflecting strong financial risk management and compliance
manajemen risiko keuangan yang kuat dan kepatuhan with applicable regulations.
terhadap regulasi yang berlaku.
Rincian Struktur Structure Details
Struktur permodalan Perseroan untuk periode yang berakhir The Company’s capital structure for the periods ending
tanggal 31 Desember 2025 dan 2024 diuraikan sebagai berikut: December 31, 2025, and 2024, is described as follows:
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Uraian 2025 2024 Description
Modal Dasar, Ditempatkan, dan Disetor Penuh 210.000 210.000 Authorized, Issued, and Fully Paid
Tambahan Modal Disetor 6.842.500 6.842.500 Additional Paid-in Capital
Pada tanggal 31 Desember 2025, Perseroan telah memenuhi As of December 31, 2025, the Company had fulfilled
persyaratan peraturan untuk minimum modal kerja the regulatory requirements for minimum working capital.
perusahaan.
Ikatan Material untuk Investasi Barang Material Commitments for Capital Goods
Modal Investment
Sepanjang tahun 2025, Perseroan tidak memiliki komitmen Throughout 2025, the Company had no material commitments
terhadap investasi barang modal yang bersifat material. related to capital goods investment. All investments
Seluruh investasi yang dilakukan tetap sejalan dengan undertaken remained aligned with the Company’s financial
perencanaan keuangan dan dialokasikan sesuai dengan planning and were allocated in accordance with the approved
anggaran yang telah ditetapkan. budget.
Investasi Barang Modal Capital Goods Investment
Perseroan menempatkan investasi barang modal sebagai The Company considers capital goods investment to be
bagian penting dari strategi pertumbuhan jangka panjang an important part of its long-term growth strategy aimed
untuk memperkuat operasional, meningkatkan efisiensi, serta at strengthening operations, enhancing efficiency, and
mendorong produktivitas dan daya saing. Fokus investasi improving productivity and competitiveness. Investment
PT MSIG Life Insurance Indonesia Tbk 136 Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
diarahkan pada pengadaan dan peningkatan aset tetap efforts were focused on acquiring and enhancing fixed
yang selaras dengan kebutuhan strategis, sehingga mampu assets that aligned with strategic needs, thereby supporting
mendukung pengembangan bisnis sekaligus menjamin kualitas business development while ensuring higher‑quality products
produk dan layanan yang lebih baik. Seluruh langkah investasi and services. All investment initiatives were implemented
dijalankan melalui perencanaan yang matang agar manfaatnya through well-prepared planning to ensure optimal benefits
optimal bagi kinerja berkelanjutan dan menciptakan nilai for sustainable performance and to create added value for
tambah bagi pemangku kepentingan. stakeholders.
Rincian realisasi investasi barang modal Perseroan dapat Details of the realization of the Company’s capital goods
dilihat pada tabel berikut: investment can be seen in the following table:
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Uraian 2025 2024 Description
Prasarana dan Perbaikan Bangunan 233 - Building Renovations and Improvements
Kendaraan Bermotor - 1.800 Motor Vehicles
Peralatan Komputer 5.493 2.791 Computer Equipment
Peralatan dan Perlengkapan Kantor 18 80 Office Furniture and Equipment
Aset dalam Proses Pembangunan 23 1.181 Construction in Progress
Total 5.767 5.852 Total
Informasi dan Fakta Material yang Terjadi Material Information and Facts Subsequent
Setelah Laporan Akuntan to the Accountant’s Report Date
Sampai dengan tanggal penyelesaian laporan ini, tidak As of the date of this report’s completion, there is no material
terdapat informasi dan/atau fakta material yang terjadi information and/or facts that occurred after the date of
setelah tanggal laporan akuntan yang dapat memengaruhi the accountant's report that affect the Company’s financial
kondisi keuangan maupun kelangsungan usaha Perseroan. condition or business continuity.
Perbandingan Target dan Realisasi Tahun 2025
Comparison of Target and Realization for 2025
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Pencapaian
Realisasi 2025 Target 2025
Uraian Achievement Description
2025 Realization 2025 Target
(%)
Total Aset 15.871.202 15.377.111 103,21 Total Assets
Total Liabilitas 7.167.505 6.791.189 105,54 Total Liabilities
Total Dana Peserta 193.306 301.556 64,10 Total Participants’ Funds
Total Ekuitas 8.510.391 8.284.366 102,73 Total Equity
Pendapatan 3.117.7501) 5.112.005 60,99 Income
Laba Tahun Berjalan 206.228 500.815 41,18 Income for the Year
Struktur Modal 7.052.500 7.052.500 100,00 Capital Structure
Pembagian Dividen 336.000 356.956 94,13 Dividend Distribution
1)
Disajikan mengikuti akun PSAK 104 dengan penyesuaian berdasarkan pada ketentuan IFRS 17. Pendapatan terdiri dari Pendapatan Asuransi, Pendapatan Ujrah, Pendapatan
Investasi - Neto, dan Pendapatan Lain-Lain. / Presented following PSAK 104 accounts with adjustments based on the provisions of IFRS 17. Revenue consists of Insurance
Revenue , Ujrah Income, Investment Income - Net, and Other Income.
Prospek Usaha Business Prospect
Prospek ekonomi makro Indonesia tahun 2026 memberikan Indonesia’s macroeconomic outlook for 2026 provides
fondasi yang relatif stabil bagi perkembangan industri jasa a relatively stable foundation for the development of
keuangan, termasuk asuransi jiwa. Menurut proyeksi yang the financial services industry, including life insurance.
dirilis oleh Bank Indonesia, pertumbuhan ekonomi Indonesia According to projections released by Bank Indonesia, Indonesia’s
2025 Annual Report 137 PT MSIG Life Insurance Indonesia Tbk
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
tahun 2026 diperkirakan berada dalam kisaran 4,9%-5,7%, economic growth in 2026 is expected to range between
sejalan dengan peningkatan permintaan domestik dan 4.9%-5.7%, in line with stronger domestic demand and
kebijakan yang mendukung pertumbuhan. Proyeksi serupa juga growth-supporting policies. A similar projection is provided by
datang dari International Monetary Fund yang memperkirakan the International Monetary Fund, which estimates Indonesia’s
perekonomian Indonesia tumbuh sekitar 5,1%, menunjukkan economy will grow by around 5.1%, reflecting the continued
keberlanjutan ekspansi aktivitas ekonomi nasional dalam expansion of national economic activity amid global risks.
menghadapi risiko global. Lingkungan makroekonomi yang This relatively stable macroeconomic environment will serve
relatif terjaga ini akan menjadi basis penting bagi permintaan as an important basis of demand for long-term financial
produk perlindungan finansial jangka panjang yang ditawarkan protection products offered by the life insurance industry.
oleh industri asuransi jiwa.
Dalam konteks pasar asuransi, proyeksi pertumbuhan ekonomi In the insurance market context, the projected economic
tersebut didukung oleh tren pertumbuhan industri yang growth is supported by moderate yet sustainable industry
moderat namun berkelanjutan. Laporan pasar yang diterbitkan expansion. A market report published by Mordor Intelligence
Mordor Intelligence menyebutkan bahwa nilai pasar asuransi states that the value of Indonesia’s life insurance market is
jiwa Indonesia diperkirakan mencapai sekitar USD30,14 projected to reach approximately USD30.14 billion in 2026,
miliar pada 2026, mencerminkan perluasan basis premi reflecting an expanding premium base and increasing market
serta penetrasi pasar yang meningkat meskipun persaingan penetration despite intense competition among local and
tetap tinggi di antara perusahaan lokal dan internasional. international players. Demand for life insurance products
Permintaan akan produk asuransi jiwa diperkirakan akan is expected to be further driven by growing awareness of
semakin didorong oleh meningkatnya kesadaran perencanaan individual financial planning awareness, middle class growth,
keuangan individu, pertumbuhan kelas menengah, serta and digitalization initiatives that broaden access to protection
inisiatif digitalisasi distribusi yang memperluas akses ke products. Although digitalization may not immediately lead
produk perlindungan. Meskipun digitalisasi belum secara to a significant short-term increase in premium volumes,
langsung mendorong lonjakan volume premi jangka pendek, this transformation is projected to strengthen the industry’s
transformasi ini diproyeksikan memperkuat fondasi struktural structural foundation in the medium to long-term period.
industri dalam jangka menengah hingga panjang.
Namun demikian, prospek ini juga dihadapkan pada sejumlah However, this outlook also faces several risks that need to be
risiko yang perlu diantisipasi. Kebijakan seperti penyesuaian anticipated. Policies such as the implementation of co-payment
co-payment pada klaim asuransi kesehatan yang mulai berlaku adjustments for health insurance claims starting in 2026 signal
pada 2026 menandakan perubahan dalam struktur biaya klaim changes in the claims cost structure that may affect consumer
yang dapat memengaruhi perilaku konsumen dan desain behavior and product design. In addition, macroeconomic
produk. Selain itu, tantangan makro seperti volatilitas pasar challenges such as financial market volatility and global
keuangan dan tekanan suku bunga global akan memengaruhi interest rate pressures will influence insurers’ investment
hasil investasi perusahaan asuransi. Tren tersebut, yang returns. These trends, supported by positive macroeconomic
didukung oleh proyeksi makroekonomi positif dan peningkatan projections and rising public awareness of protection, reflect
kesadaran proteksi di masyarakat, mencerminkan prospek a realistic yet optimistic medium-term outlook for Indonesia’s
jangka menengah yang realistis namun tetap optimis bagi life insurance industry in the years ahead.
industri asuransi jiwa Indonesia di masa mendatang.
Sumber: Sources:
• Siaran Pers Bank Indonesia: BI-Rate Tetap 4,75%: Mendorong • Press Release of Bank Indonesia: BI-Rate Maintained at 4.75%:
Pertumbuhan Ekonomi, Mempertahankan Stabilitas; Encouraging Economic Growth, Maintaining Stability;
• Siaran Pers Kementerian Perekonomian RI: Pemerintah Optimis • Press Release of the Coordinating Ministry for Economic Affairs
Prospek Perekonomian Indonesia Tetap Tangguh ke Depan; of the Republic of Indonesia: Government Optimistic about
the Resilience of Indonesia’s Economic Outlook Going Forward;
• Mordor Intelligence: Indonesia Life and Non-Life Insurance Market; • Mordor Intelligence: Indonesia Life and Non-Life Insurance Market;
dan and
• Tempo English: New OJK Regulation Requires 10% Co-Payment for • Tempo English: New OJK Regulation Requires 10% Co-Payment for
Health Insurance Claims. Health Insurance Claims.
PT MSIG Life Insurance Indonesia Tbk 138 Laporan Tahunan 2025
Page 141
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Proyeksi 2026 2026 Projections
Perseroan memproyeksikan kinerja tahun 2026 dengan The Company projects its 2026 performance with a more
pendekatan yang lebih selektif dan berorientasi pada kualitas selective and quality-focused approach. In line with this,
hasil. Sejalan dengan hal tersebut, Perseroan membidik the Company targets its premium income growth above
pertumbuhan pendapatan premi yang berada di atas industry growth and profit for the year of around Rp0.5 trillion.
pertumbuhan industri, serta menargetkan laba tahun berjalan
pada kisaran Rp0,5 triliun.
Kebijakan dan Pembagian DIviden Dividend Policy and Distribution
Kebijakan dividen Perseroan berlandaskan Anggaran The Company’s dividend policy is based on the Articles of
Dasar serta keputusan RUPS Tahunan, dengan pembagian Association and Annual GMS resolutions, whereby dividends
dividen diberikan kepada Pemegang Saham yang tercatat are distributed to Shareholders in line with the applicable
sesuai ketentuan yang berlaku. Besaran dividen ditetapkan regulations. The dividend amount was determined by
melalui RUPS berdasarkan usulan Direksi dengan tetap the GMS based on the Board of Directors’ recommendation,
membuka ruang penyesuaian terhadap kebutuhan while maintaining flexibility to accommodate strategic
strategis. Dalam menentukan alokasi laba bersih, Perseroan needs. In allocating net profit, the Company considers
mempertimbangkan kewajaran pembayaran, kepentingan the fairness of distribution, financial condition and interests,
dan kondisi keuangan, kebutuhan kas, prospek usaha, serta cash requirement, business prospect, and investment
peluang investasi. Dengan demikian, kebijakan dividen opportunities. Accordingly, the dividend policy is designed to
dirancang untuk menjaga keseimbangan antara pemberian maintain a balance between delivering value to Shareholders
nilai bagi Pemegang Saham dan keberlanjutan pertumbuhan and supporting the Company’s sustainable growth.
Perseroan.
Informasi pembagian dividen yang dilakukan Perseroan dalam Information on dividend distributions made by the Company
2 tahun terakhir ditunjukkan sebagai berikut: over the past 2 years is presented in the following table:
Tahun Buku 2024 Tahun Buku 2023
Uraian Description
2024 Fiscal Year 2023 Fiscal Year
Laba Bersih (dalam jutaan Rupiah) 339.395* 126.488 Net Profit (in million Rupiah)
Jumlah Dividen per Saham
160 38 Total Dividend per Share (in full Rupiah)
(dalam Rupiah penuh)
Jumlah Dividen per Tahun yang Dibayar Total Annual Dividend Paid
336.000 79.800
(dalam jutaan Rupiah) (in million Rupiah)
Dividend Payout Ratio (%) 99,00 63,09 Dividend Payout Ratio (%)
24 Juni 2025 25 Juni 2024
Tanggal RUPS untuk Pembayaran Dividen GMS Date for Dividend Payment
June 24, 2025 June 25, 2024
26 Juni 2025 27 Juni 2024
Tanggal Pengumuman Announcement Date
June 26, 2025 June 27, 2024
24 Juli 2025 25 Juli 2024
Tanggal Pembayaran Dividen Tunai Cash Dividend Payment Date
July 24, 2025 July 25, 2024
* Tidak termasuk segmen usaha syariah. / Not including the sharia business segment.
2025 Annual Report 139 PT MSIG Life Insurance Indonesia Tbk
Page 142
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Realisasi Penggunaan Dana Hasil Realization of Use of Proceeds from
Penawaran Umum Public Offering
Seluruh saham yang ditawarkan dalam penawaran umum All shares offered in the public offering were owned by
merupakan milik PT Sinar Mas Multiartha Tbk, sehingga hasil PT Sinar Mas Multiartha Tbk, therefore, the proceeds
penjualannya sepenuhnya diterima oleh Pemegang Saham from the sale were fully received by the said Shareholder.
tersebut. Adapun Perseroan tidak melakukan penerbitan The Company did not issue any new shares or other securities
saham baru maupun efek lain yang berimplikasi pada tambahan that would result in a capital increase. Consequently, pursuant
modal. Dengan demikian, sesuai ketentuan yang berlaku, to the prevailing regulations, the Company was not required
Perseroan tidak memiliki kewajiban untuk menyampaikan to submit a report on the realization of the use of proceeds
laporan realisasi penggunaan dana hasil penawaran umum from the public offering for 2025.
untuk tahun 2025.
Informasi Material terkait Investasi, Material Information related to Investment,
Ekspansi, Divestasi, Penggabungan/ Expansion, Divestment, Business Merger/
Peleburan Usaha, Akuisisi, dan Consolidation, Acquisition, and Debt/Capital
Restrukturisasi Utang/Modal Restructuring
Pada tahun 2025, Perseroan melaksanakan peleburan usaha In 2025, the Company carried out a business merger, which
yang diputuskan dengan pertimbangan strategis guna was decided upon strategic consideration to strengthen
memperkuat posisi dan daya saing usaha. Rincian atas setiap its position and business competitiveness. Details of each
aksi tersebut disajikan secara terstruktur pada tabel berikut: corporate action are presented in a structured manner in
the following table:
Pihak yang Melakukan Perseroan dan Renova Siregar
Transaksi The Company and Renova Siregar
Executing Party
Tanggal Transaksi 23 September 2025
Transaction Date September 23, 2025
Nilai Transaksi Nilai transaksi atas pemisahan Unit Usaha Syariah ditetapkan sebesar Rp49.995.000,00 yang seluruhnya
Transaction Value merupakan setoran modal tunai dari Perseroan. Dalam transaksi ini, Perseroan bertindak sebagai Pemegang
Saham pendiri dengan porsi kepemilikan 99,99% pada entitas baru hasil pemisahan.
The transaction value for the spin-off of the Company’s Sharia Business Unit was set at Rp49,995,000.00,
fully representing a cash capital contribution from the Company. In this transaction, the Company acted as
the founding Shareholder, holding a 99.99% ownership interest in the newly established entity resulting
from the spin-off.
Objek Transaksi PT MSIG Sharia Life Insurance Indonesia
Transaction Object
Sifat Hubungan Afiliasi Entitas hasil pemisahan Unit Usaha Syariah Perseroan didirikan dengan nama PT MSIG Sharia Life Insurance
Nature of the Affiliation Indonesia sebagai perusahaan asuransi jiwa syariah yang berdiri sendiri.
Relationship The entity resulting from the spin-off of the Company’s Sharia Business Unit was established under
the name PT MSIG Sharia Life Insurance Indonesia as an independent Sharia life insurance company.
Alasan Dilakukannya Transaksi spin-off dilakukan untuk memenuhi amanat regulasi pemisahan Unit Usaha Syariah sebagaimana
Transaksi diatur dalam Undang-Undang Perasuransian dan ketentuan Otoritas Jasa Keuangan, sekaligus memisahkan
Basis for the Transaction operasional bisnis syariah agar lebih terfokus dan selaras dengan ketentuan yang berlaku.
The spin-off transaction was carried out to fulfill the regulatory mandate regarding the separation of Sharia
Business Units as stipulated in the Insurance Law and regulations issued by the Financial Services Authority,
while also segregating sharia business operations to enable greater focus and alignment with applicable
regulatory requirements.
Penjelasan mengenai Pemisahan Unit Usaha Syariah dari Perseroan dilakukan secara wajar sesuai regulasi yang berlaku dan
Kewajaran Transaksi disusun secara transparan tanpa menimbulkan benturan kepentingan.
Explanation of the Fairness The separation of Sharia Business Unit from the Company was conducted fairly, in compliance with prevailing
of the Transaction regulations, and was prepared transparently without causing any conflicts of interest.
Pemenuhan Ketentuan Pemenuhan Undang-Undang No. 40 Tahun 2014 tentang Perasuransian sebagaimana diubah dengan
Terkait Undang-Undang No. 4 Tahun 2024 tentang Pengembangan dan Penguatan Sektor Keuangan (UUPPSK) dan
Compliance with Applicable Peraturan Otoritas Jasa Keuangan No. 11 Tahun 2023 tentang Pemisahan Unit Syariah Perusahaan Asuransi
Regulations dan Perusahaan Asuransi.
This transaction was undertaken in fulfillment of Law No. 40 of 2014 on Insurance, as amended by Law
No. 4 of 2024 on the Development and Strengthening of the Financial Sector (UUPPSK), and Financial
Services Authority Regulation No. 11 of 2023 on the Separation of Sharia Units of Insurance Companies and
Reinsurance Companies.
PT MSIG Life Insurance Indonesia Tbk 140 Laporan Tahunan 2025
Page 143
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Pernyataan Dewan Komisaris, Transaksi tersebut dilakukan melalui prosedur yang wajar sesuai dengan regulasi terkait pemisahan Unit
Direksi, dan Komite Audit Usaha Syariah dan prinsip tata kelola yang baik. Komite Audit turut memastikan bahwa seluruh proses
berlangsung secara transparan dan akuntabel, tanpa menimbulkan benturan kepentingan maupun kerugian
Statement of the Board
bagi Pemegang Saham.
of Commissioners, Board
of Directors, and Audit The transaction was executed through fair procedures in accordance with regulations governing the
Committee separation of Sharia Business Units and the principles of good corporate governance. The Audit Committee
also ensured that the entire process was carried out transparently and accountably, without creating
conflicts of interest or causing any detriment to the Shareholders.
Selain melaukan peleburan usaha, Perseroan tidak melakukan Apart from executing the business merger, the Company did
investasi, ekspansi, divestasi, akuisisi, dan restrukturisasi not undertake any investments, expansions, divestments,
utang/modal di tahun 2025. acquisitions, or debt/capital restructuring in 2025.
Informasi Transaksi yang Mengandung Information on Material Transaction
Benturan Kepentingan Containing Conflict of Interest
Sepanjang tahun 2025, Perseroan tidak melakukan transaksi Throughout 2025, the Company did not engage in any
yang mengandung benturan kepentingan. Seluruh transaksi transactions involving conflicts of interest. All transactions
dilakukan sesuai dengan syarat dan kondisi yang adil serta were conducted on fair terms and conditions and provided
memberikan manfaat ekonomis yang setara dengan transaksi economic benefits equivalent to those of transactions with
dengan pihak ketiga. third parties.
Informasi Transaksi Material dengan Pihak Information on Material Transactions with
Afiliasi dan Berelasi Affiliated and Related Parties
Transaksi dengan Pihak Afiliasi Transactions with Affiliated Parties
Sepanjang tahun 2025, Perseroan tidak melakukan transaksi Throughout 2025, the Company did not carry out any material
material dengan pihak afiliasi. transactions with affiliated parties during the year.
Transaksi dengan Pihak Berelasi Transactions with Related Parties
Dalam kegiatan usaha normal, Perseroan melakukan transaksi In the ordinary business activities, the Company enters into
asuransi dan keuangan dengan pihak-pihak berelasi, yang insurance and financial transactions with related parties, which
dilakukan berdasarkan syarat dan kondisi yang disepakati oleh are conducted based on terms and conditions agreed upon
kedua belah pihak, utamanya terdiri dari transaksi asuransi, by the respective parties. These transactions primarily consist
penempatan deposito, rekening giro, dan efek sekuritas lain. of insurance transactions, placement of deposits, current
Hal tersebut telah diungkapkan dalam Catatan atas Laporan accounts, and other securities. Such transactions have been
Keuangan Konsolidasian No. 25 tentang Transaksi dengan disclosed in Note to the Consolidated Financial Statements
Pihak Berelasi pada halaman 153. No. 25 regarding Transactions with Related Parties on page 153.
Perubahan Ketentuan Peraturan Amendments to the Provisions of Laws
Perundang-Undangan yang Berpengaruh and Regulations that have a Significant
Signifikan terhadap Perseroan Impact on the Company
Regulasi di sektor asuransi terus mengalami penyesuaian guna Regulations in the insurance sector continue to be adjusted
memperkuat stabilitas industri dan melindungi kepentingan to strengthen industry stability and protect the interests of
pemegang polis. Beberapa ketentuan yang berlaku pada policyholders. Several regulations applicable in 2025 had
tahun 2025 membawa implikasi langsung bagi operasional a direct impact on the Company’s operations, as summarized
Perseroan, sebagaimana dirangkum dalam tabel berikut: in the following table:
2025 Annual Report 141 PT MSIG Life Insurance Indonesia Tbk
Page 144
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tanggal Diundangkan Nomor Peraturan Hal yang Diatur Dampak terhadap Perseroan
Promulgation Date Regulation Number Regulated Matters Impact on the Company
23 Juni 2025 Surat Edaran Otoritas Jasa Sertifikasi Kompetensi Kerja (KKNI) wajib Perseroan wajib memastikan seluruh
Keuangan No. 12/SEOJK.05/2025 diperoleh dari Lembaga Sertifikasi Profesi Pihak Utama (pihak yang memiliki
tentang Sertifikasi Kompetensi (LSP) yang diakui dan terdaftar di Otoritas pengaruh dalam Perseroan) telah
Kerja bagi Perusahaan Asuransi, Jasa Keuangan, termasuk sertifikasi dari memperoleh Sertifikasi Kompetensi
Perusahaan Asuransi Syariah, dan LSP luar negeri sepanjang diakui secara Kerja sesuai ketentuan.
Dana Pensiun internasional sebagai lembaga asing.
June 23, 2025 Financial Services Authority Circular Work Competency Certification (KKNI) The Company must ensure that
Letter No. 12/SEOJK.05/2025 on must be obtained from a Professional all Key Parties (parties who have
Work Competency Certification Certification Institution (LSP) recognized influence within the Company)
for Insurance Companies, Sharia and registered with the Financial Services have obtained Work Competency
Insurance Companies, and Authority, including certifications issued Certification in accordance with
Pension Funds by overseas LSPs as long as they are the applicable provisions.
internationally recognized as foreign
institutions.
8 September 2025 Surat Edaran Otoritas Jasa • Mencabut Surat Edaran Otoritas Jasa Mencabut Surat Edaran Otoritas Jasa
Keuangan No. 20/SEOJK.08/2025 Keuangan No. 17/SEOJK.07/2018 Keuangan No. 17/SEOJK.07/2018
tentang Publikasi Laporan tentang Pedoman Pelaksanaan Layanan tentang Pedoman Pelaksanaan
Penanganan dan Pelayanan Pengaduan Konsumen; Layanan Pengaduan Konsumen;
Pengaduan • Meningkatkan transparansi melalui
kewajiban publikasi proses dan
akuntabilitas penanganan pengaduan
di situs web Perusahaan;
• Lembaga keuangan tetap wajib
melaporkan kepada Otoritas Jasa
Keuangan; dan
• Berlaku efektif 1 Januari 2027.
September 8, 2025 Financial Services Authority Circular • Revokes Financial Services Authority The Company needs to adjust
Letter No. 20/SEOJK.08/2025 Circular Letter No. 17/SEOJK.07/2018 the reporting format submitted
on the Publication of Complaint on Guidelines for the Implementation to the Financial Services Authority
Handling and Customer Service of Consumer Complaint Services; and ensure the availability of data
Report • Enhances transparency through in accordance with the new format.
the obligation to publish the complaint
handling process and accountability on
the Company’s website;
• Financial institutions remain required
to report to the Financial Services
Authority; and
• Effective as of January 1, 2027.
2 Oktober 2025 Peraturan Menteri Investasi/ • Mencabut pengecualian pelaporan Perseroan wajib menyampaikan
Kepala BKPM No. 5 Tahun 2025 Laporan Kegiatan Penanaman Modal laporan LKPM setiap triwulan
tentang Pedoman dan Tata Cara (LKPM) untuk sektor tertentu, termasuk melalui sistem Online Single
Perizinan Berusaha Berbasis asuransi dan lembaga keuangan Submission (OSS).
Risiko dan Fasilitas Penanaman non-bank; dan
Modal • LKPM wajib dilaporkan setiap triwulan
paling lambat tanggal 15 bulan
berikutnya setelah akhir triwulan.
October 2, 2025 Regulation of the Minister of • Revokes the exemption from submitting The Company is required to submit
Investment/Head of BKPM No. 5 of the Investment Activity Report (LKPM) LKPM on a quarterly basis through
2025 on Guidelines and Procedures for certain sectors, including insurance the Online Single Submission (OSS)
for Risk-Based Business Licensing and non-bank financial institutions; and system.
and Investment Facilities • LKPM must be submitted quarterly, no
later than the 15th day of the month
following the end of the quarter.
24 November 2025 Peraturan Otoritas Jasa • Mencabut Peraturan Otoritas Jasa • Penempatan investasi luar negeri
Keuangan No. 26 Tahun 2025 Keuangan 71/2016 dan POJK 5/2023; maksimal 20% dari total investasi
tentang Pengelolaan Aset dan • Mengatur tingkat solvabilitas, cadangan dan wajib disesuaikan dalam
Liabilitas Perusahaan Asuransi teknis, kecukupan investasi, ekuitas, 3 bulan apabila terjadi kenaikan
dan Reasuransi dana jaminan, pembatasan dividen, nilai investasi;
aset yang diperkenankan, serta dana • Batas investasi sub-dana: 10%
investasi produk unit link (ILP); untuk pihak terafiliasi dan 25%
• Reklasifikasi MTN/Sukuk MTN sebagai untuk non-afiliasi; dan
EBUS; • Laporan Keuangan Tahunan
• Pengaturan reksa dana, penyertaan disahkan paling lambat 30 Juni
langsung, batas investasi pihak meskipun penyampaian ke
terafiliasi, perhitungan liabilitas Otoritas Jasa Keuangan tetap
(FCF, RA, CSM); dan 30 April.
• Kewajiban pengesahan laporan
keuangan oleh RUPS maksimal 6 bulan
setelah akhir tahun.
PT MSIG Life Insurance Indonesia Tbk 142 Laporan Tahunan 2025
Page 145
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tanggal Diundangkan Nomor Peraturan Hal yang Diatur Dampak terhadap Perseroan
Promulgation Date Regulation Number Regulated Matters Impact on the Company
November 24, 2025 Financial Services Authority • Revokes Financial Services Authority • Overseas investment placements
Regulation No. 26 of 2025 on Regulation No. 71/2016 and POJK are limited to a maximum
Asset and Liability Management No. 5/2023; of 20% of total investments
of Insurance and Reinsurance • Regulates solvency levels, technical and must be adjusted within
Companies reserves, investment adequacy, equity, 3 months if there is an increase in
guarantee funds, dividend restrictions, the investment value;
admissible assets, as well as investment • Sub-fund investment limits: 10%
funds for unit-linked products (ILP); for affiliated parties and 25% for
• Reclassification of MTN/Sukuk MTN as non-affiliated parties; and
EBUS; • The Annual Financial Statements
• Regulation of mutual funds, direct must be approved no later than
participation, investment limits June 30, although submission to
for affiliated parties, and liability the Financial Services Authority
calculations (FCF, RA, CSM); and remains due by April 30.
• Obligation for the approval of financial
statements by the GMS no later than
6 months after the end of the year.
24 November 2025 Peraturan Otoritas Jasa • Mencabut Peraturan Otoritas Jasa • Kewajiban pelaporan investasi
Keuangan No. 27 Tahun 2025 Keuangan 72/2016 dan POJK 6/2023; kepada Otoritas Jasa Keuangan,
tentang Pengelolaan Aset dan • Pemisahan wajib Dana Tabarru’, Dana termasuk daftar pihak terafiliasi
Liabilitas Perusahaan Asuransi Tanahud, Dana Investasi Peserta (DIP), dan non-afiliasi;
dan Reasuransi Syariah dan Dana Perusahaan; • Qardh wajib diatur dalam
• Pengaturan qardh, surplus underwriting, pedoman tertulis; dan
keterlibatan Dewan Pengawas Syariah • Wajib memiliki pedoman
(DPS); pengelolaan Dana Tabarru’ dan
• Pengelolaan Asset Liability Management Tanahud.
(ALM) berbasis produk dan akad; dan
• Seed money diakui sebagai aset yang
diperkenankan.
November 24, 2025 Financial Services Authority • Revokes Financial Services Authority • The obligation to report
Regulation No. 27 of 2025 on Regulation No. 72/2016 and POJK investments to the Financial
Asset and Liability Management No. 6/2023; Services Authority, including
of Sharia Insurance and Sharia • Mandatory segregation of Tabarru’ the list of affiliated and
Reinsurance Companies Funds, Tanahud Funds, Participant non-affiliated parties;
Investment Funds (DIP), and Company • Qardh must be regulated in
Funds; written guidelines; and
• Regulation of qardh, underwriting • The Company is required to have
surplus, and the involvement of guidelines for the management
the Sharia Supervisory Board (DPS); of Tabarru’ and Tanahud Funds.
• Product- and contract-based Asset
Liability Management (ALM); and
• Seed money is recognized as
an admissible asset.
2 Desember 2025 Peraturan Anggota Dewan • Mengatur penyediaan dan penyampaian Perseroan wajib menyesuaikan
Komisioner (PADK) Otoritas Jasa informasi produk/jasa, kerja sama Ringkasan Informasi Produk dan
Keuangan No. 37/PADK.08/2025 dengan pihak ketiga, serta dokumentasi Layanan Umum (RIPLAY) Umum
tentang Informasi yang Wajib materi pemasaran; dan RIPLAY Personal sesuai format
Dicantumkan dan Penyampaian • Berlaku sejak 2 Desember 2025; dan dalam Lampiran II dan III PADK.
Informasi dalam Pemasaran • Penyesuaian format Ringkasan Informasi
Produk dan Layanan Keuangan dan Iklan paling lambat 6 bulan sejak
berlaku.
December 2, 2025 Financial Services Authority • Regulates the provision and submission The Company must adjust
Board of Commissioners of product/service information, the General Product and Service
Member Regulation (PADK) cooperation with third parties, as Information Summary (RIPLAY) and
No. 37/PADK.08/2025 on well as documentation of marketing the Personal RIPLAY in accordance
Information that Must Be materials; with the format set out in Appendix
Disclosed and the Submission of • Effective as of December 2, 2025; and II and III of PADK.
Information in the Marketing of • Adjustment of the format for
Financial Products and Services the Information Summary and
advertisements no later than 6 months
after the regulation comes into force.
17 Desember 2025 Peraturan Otoritas Jasa • Keterlibatan aktif Direksi, Dewan Perseroan wajib melakukan dan
Keuangan No. 28 Tahun 2025 Komisaris, dan DPS dalam manajemen menyampaikan self-assessment profil
tentang Penerapan Manajemen risiko; risiko tahunan serta memastikan
Risiko pada Perusahaan Asuransi, • Wajib melakukan self-assessment profil praktik manajemen risiko selaras
Lembaga Penjamin, dan Dana risiko minimal 1 kali setahun; dan dengan strategi dan toleransi risiko
Pensiun • Hasil disampaikan kepada Otoritas Jasa Perusahaan.
Keuangan paling lambat 15 Februari
tahun berikutnya.
2025 Annual Report 143 PT MSIG Life Insurance Indonesia Tbk
Page 146
Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
Tanggal Diundangkan Nomor Peraturan Hal yang Diatur Dampak terhadap Perseroan
Promulgation Date Regulation Number Regulated Matters Impact on the Company
December 17, 2025 Financial Services Authority • Active involvement of the Board of The Company must conduct and
Regulation No. 28 of 2025 on Directors, Board of Commissioners, and submit an annual risk profile
the Implementation of Risk DPS in risk management; self-assessment and ensure that risk
Management in Insurance • Mandatory risk profile self-assessment management practices are aligned
Companies, Guarantee at least once a year; and with the Company’s strategy and
Institutions, and Pension Funds • The results must be submitted to risk tolerance.
the Financial Services Authority no later
than February 15 of the following year.
17 Desember 2025 Peraturan Otoritas Jasa • Penilaian tingkat kesehatan dengan • Self-assessment tingkat kesehatan
Keuangan No. 33 Tahun 2025 pendekatan risiko individual dan dilakukan minimal 1 kali setahun
tentang Penilaian Tingkat konsolidasian (jika memiliki Entitas per 31 Desember; dan
Kesehatan Perusahaan Asuransi, Anak); • Hasil wajib disampaikan kepada
Lembaga Penjamin, dan Dana • Unit Syariah dinilai dengan pendekatan OJK paling lambat 15 Februari.
Pensiun individual; dan
• Wajib menjaga dan meningkatkan
tingkat kesehatan melalui prinsip
kehati-hatian dan manajemen risiko.
December 17, 2025 Financial Services Authority • Assessment of the soundness level • The self-assessment of
Regulation No. 33 of 2025 on the using an individual and consolidated the Company’s soundness level
Assessment of the Soundness risk-based approach (if the Company must be conducted at least once
Level of Insurance Companies, has Subsidiaries); a year as of December 31; and
Guarantee Institutions, and • Sharia Business Units are assessed • The results must be submitted to
Pension Funds using an individual approach; and the Financial Services Authority
• The Company must maintain and no later than February 15.
improve its soundness level through
prudential principles and risk
management.
Perubahan Kebijakan Akuntansi Amendments to Accounting Policy
Pada tahun 2025, Perseroan menerapkan sejumlah In 2025, the Company implemented a number of accounting
penyesuaian kebijakan akuntansi. Langkah ini ditempuh untuk policy adjustments. These measures were undertaken to
memastikan keselarasan dengan standar akuntansi terkini ensure alignment with the latest accounting standards while
sekaligus memperkuat akurasi serta transparansi pelaporan. strengthening the reporting accuracy and transparency.
Rincian kebijakan akuntansi yang disesuaikan disajikan pada The details of the adjusted accounting policies are presented
uraian berikut: in the following section:
Amandemen ISAK/PSAK Dampak terhadap Perseroan
Amendments to ISAK/PSAK Impact on the Company
Pernyataan Standar Akuntansi Keuangan (PSAK) 117 tentang ”Kontrak Perseroan telah mengimplementasikan kontrak asuransi sesuai dengan
Asuransi” pengaturan PSAK No. 117
Statement of Financial Accounting Standards (PSAK) 117 on “Insurance The Company has implemented insurance contracts in accordance with
Contracts” the provisions of PSAK No. 117.
Amandemen Pernyataan Standar Akuntansi Keuangan (PSAK) 221 Tidak terdapat transaksi valuta asing yang material sehingga tidak
tentang ”Pengaruh Perubahan Kurs Valuta Asing” berdampak terhadap Perseroan
Amendment to Statement of Financial Accounting Standards (PSAK) There are no material foreign currency transactions, therefore, there is
221 on “The Effects of Changes in Foreign Exchange Rates” no impact on the Company.
PT MSIG Life Insurance Indonesia Tbk 144 Laporan Tahunan 2025
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Analisis dan Pembahasan Manajemen
Management Discussion and Analysis
2025 Annual Report 145 PT MSIG Life Insurance Indonesia Tbk
Page 148
TATA KELOLA
PERUSAHAAN
Good Corporate Governance
PT MSIG Life Insurance Indonesia Tbk 146 Laporan Tahunan 2025
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2025 Annual Report 147 PT MSIG Life Insurance Indonesia Tbk
Page 150
Tata Kelola Perusahaan
Good Corporate Governance
Komitmen dan Prinsip Penerapan GCG
Commitment and Principles of GCG Implementation
Perseroan menegakkan tata kelola perusahaan yang baik The Company upholds good corporate governance (GCG)
(good corporate governance/GCG) sebagai fondasi utama dalam as the primary foundation in managing its life insurance
mengelola bisnis asuransi jiwa. Prinsip tersebut merupakan business. These principles serve as fundamental elements in
elemen fundamental dalam menjaga kelangsungan usaha, ensuring business sustainability, driving target achievement,
mendorong pencapaian target, dan meningkatkan nilai and enhancing competitive value within the industry.
kompetitif di kalangan industri sejenis. Komitmen ini This commitment is carried out through the implementation
dijalankan melalui penerapan 4 pilar GCG yang diperkenalkan of 4 GCG pillars introduced in the General Guidelines for
dalam Pedoman Umum Governansi Korporat Indonesia Corporate Governance in Indonesia (PUGKI) 2021, as follows:
(PUGKI) 2021, yaitu:
1. Perilaku Beretika 1. Ethical Behavior
Perseroan mengedepankan kejujuran, menghormati semua The Company upholds honesty, treats all parties
pihak, dan menjaga nilai-nilai moral dan kepercayaan. with respect, and maintains moral values and trust.
Kepentingan Pemegang Saham dan pemangku kepentingan The interests of Shareholders and other stakeholders are
lainnya diperhatikan berdasarkan asas kewajaran dan managed based on the principles of fairness and equality,
kesetaraan, dengan pengelolaan independen yang with independent governance that prevents dominance
mencegah dominasi antar organ perusahaan dan among corporate organs and interference from external
intervensi pihak luar. parties.
2. Akuntabilitas 2. Accountability
Perseroan dapat mempertanggungjawabkan kinerja The Company is accountable for its performance in
secara transparan dan wajar. Untuk itu, pengelolaan a transparent and fair manner. Accordingly, the management
Perseroan dilakukan secara benar dan terukur dengan of the Company is carried out properly and measurably
tetap memperhatikan kepentingan Pemegang Saham while considering the interests of Shareholders and
dan pemangku kepentingan. Akuntabilitas merupakan stakeholders. Accountability is an important prerequisite
prasyarat penting untuk mencapai kinerja yang for achieving sustainable performance, where every
berkelanjutan, di mana setiap tindakan dan keputusan action and decision can be justified to all relevant parties.
dapat dipertanggungjawabkan kepada semua pihak terkait.
3. Transparansi 3. Transparency
Perseroan menyediakan informasi yang material dan The Company provides relevant material and information
relevan dengan cara yang mudah diakses oleh pemangku in an easily accessible manner for stakeholders. In
kepentingan. Selain memenuhi kewajiban pengungkapan addition to fulfilling regulatory disclosure obligations,
sesuai peraturan, Perseroan juga mengungkapkan informasi the Company also discloses information critical to
penting untuk pengambilan keputusan Pemegang Saham, the decision making of Shareholders, creditors, and other
kreditur, dan pemangku kepentingan lainnya, memastikan stakeholders, ensuring all parties have the necessary
semua pihak memiliki akses yang diperlukan. access.
4. Keberlanjutan 4. Sustainability
Perseroan mematuhi peraturan perundang-undangan dan The Company complies with laws and regulations and
melaksanakan tanggung jawab terhadap masyarakat serta carries out its responsibilities towards society and
lingkungan dengan berkontribusi pada pembangunan the environment by contributing to sustainable
berkelanjutan. Melalui kerja sama dengan semua pemangku development. In cooperation with all relevant
kepentingan terkait, Perseroan berupaya meningkatkan stakeholders, the Company seeks to improve their lives
kehidupan dengan cara yang selaras dengan kepentingan in a way that is aligned with business interests and the
bisnis dan agenda pembangunan berkelanjutan. sustainable development agenda.
Keempat pilar tersebut diintegrasikan ke dalam setiap The four aforementioned pillars are integrated into every
aspek operasional, sehingga Perseroan mampu memastikan aspect of operations, enabling the Company to ensure
pengelolaan usaha yang akuntabel sekaligus menciptakan accountable business management while creating sustainable
nilai tambah berkelanjutan bagi Pemegang Saham, nasabah, added value for Shareholders, customers, regulators, and
regulator, dan pemangku kepentingan lainnya. other stakeholders.
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Tata Kelola Perusahaan
Good Corporate Governance
Struktur GCG
GCG Structure
Pengelolaan Perseroan berlandaskan prinsip tata kelola The Company’s management is based on strong governance
yang kuat sesuai Peraturan Otoritas Jasa Keuangan principles in accordance with Financial Services Authority
No. 43/POJK.05/2019, dengan struktur yang jelas meliputi Regulation No. 43/POJK.05/2019, with a clear structure
Rapat Umum Pemegang Saham, Dewan Komisaris, Direksi, consisting of the General Meeting of Shareholders, Board of
komite-komite pendukung, serta jajaran manajemen. Setiap Commissioners, Board of Directors, supporting committees,
organ Perseroan memiliki peran dan tanggung jawab and the management team. Each Company organ has defined
terdefinisi, memastikan setiap keputusan dan operasional roles and responsibilities, ensuring that all decisions and
perusahaan berjalan secara akuntabel, transparan, dan operations are carried out in an accountable, transparent
mendukung keberlanjutan bisnis. manner that supports business sustainability.
Organ Utama
Main Organ
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Direksi Dewan Pengawas Syariah Dewan Komisaris
Board of Directors Sharia Supervisory Board Board of Commissioners
Check and Balance
Presiden Direktur
President Director
Director Director Deputy President Director Director
Chief Compliance, Legal,
Director Chief Human Capital Officer
and Corporate Secretary
Sekretaris Perusahaan Audit Internal
Corporate Secretary Internal Audit
Organ Pendukung
Supporting Organs
Komite Teknologi
Komite Investasi & Keuangan
Informasi & Operasional Komite Audit Komite Pemantau Risiko
Investment & Finance Audit Committee Risk Oversight Committee
Information Technology &
Committee
Operations Committee
Komite Kebijakan Tata Kelola
Komite Nominasi & Remunerasi
Komite Manajemen Risiko Perusahaan
Product Steering Committee Nomination & Remuneration
Risk Management Committee Good Corporate Governance
Committee
Committee
Komite Sumber Daya Manusia
Human Capital Committee
2025 Annual Report 149 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Penilaian Penerapan GCG
Assessment of GCG Implementation
Penilaian atas penerapan tata kelola dilaksanakan secara The governance implementation is assessed independently
mandiri dengan mengacu pada Peraturan Otoritas Jasa with reference to Financial Services Authority Regulation
Keuangan No. 73/POJK.05/2016, Peraturan Otoritas Jasa No. 73/POJK.05/2016, No. 28/POJK.05/2020, and No. 23/2023,
Keuangan No. 28/POJK.05/2020, serta Peraturan Otoritas which serve as guidelines for the insurance industry.
Jasa Keuangan No. 23/2023 yang menjadi pedoman bagi This process reflects the Company’s compliance with
industri perasuransian. Proses ini mencerminkan kepatuhan the applicable governance standards while also emphasizing
Perseroan terhadap standar tata kelola yang berlaku, sekaligus the integration of prudence principle in business management.
menegaskan integrasi prinsip kehati-hatian dalam pengelolaan Each assessment stage is conducted systematically to provide
usaha. Setiap langkah penilaian dilakukan secara sistematis a comprehensive overview of the Company’s governance
guna memberikan gambaran komprehensif mengenai kualitas quality.
tata kelola Perseroan.
Pada tahun 2025, Perseroan dinobatkan sebagai “Indonesia In 2025, the Company was recognized as one of the “Indonesia
Trusted Companies” di ajang Corporate Governance Trusted Companies” at the Corporate Governance Perception
Perception Index (CGPI) Award 2025 oleh Indonesia Index (CGPI) Award 2025, organized by the Indonesia
Independen Cipta Governansi (IICG) dan Majalah SWA. Institute for Corporate Governance (IICG) and SWA Magazine.
Penilaian oleh eksternal tersebut mencerminkan konsistensi This external assessment reflects the Company’s consistent
Perseroan dalam menjunjung praktik tata kelola yang sehat commitment to upholding sound corporate governance
dan sesuai dengan peraturan berlaku. Pencapaian ini tidak practices in compliance with prevailing regulations.
hanya menegaskan komitmen terhadap kepatuhan, tetapi This achievement not only reaffirms the Company’s
juga menunjukkan kualitas tata kelola yang sejalan dengan commitment to compliance but also demonstrates governance
dinamika industri. Hasil tersebut menjadi landasan penting quality aligned with industry dynamics. The results serve as
bagi penguatan kepercayaan pemangku kepentingan sekaligus an important foundation for strengthening stakeholder trust
keberlangsungan pertumbuhan usaha yang berintegritas. and ensuring the sustainability of ethical business growth.
Rapat Umum Pemegang Saham
General Meeting of Shareholders
Rapat Umum Pemegang Saham (RUPS) merupakan organ The General Meeting of Shareholders (GMS) is the Company’s
tertinggi Perseroan yang memiliki kewenangan di luar lingkup highest governing body, with authority beyond the scope
Dewan Komisaris maupun Direksi, sebagaimana diatur of the Board of Commissioners and Board of Directors,
dalam Undang-Undang Perseroan Terbatas dan Anggaran as stipulated in the Limited Liability Company Law and
Dasar. Penyelenggaraan RUPS juga mengacu pada ketentuan the Articles of Association. The GMS is convened by referring to
Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020 Financial Services Authority Regulation No. 15/POJK.04/2020
tentang Rencana dan Penyelenggaraan RUPS Perusahaan on the Planning and Convening of GMS for Public Companies.
Terbuka. Dalam pelaksanaannya, RUPS terbagi menjadi In practice, there are 2 types of GMS, namely the Annual
2 jenis, yaitu RUPS Tahunan yang membahas agenda rutin GMS, which discusses routine agenda items in accordance
sesuai ketentuan, serta RUPS Luar Biasa yang digelar with regulations, and the Extraordinary GMS, which is held
untuk kebutuhan tertentu guna mendukung keberlanjutan for specific purposes to support the Company’s sustainable
pengelolaan Perseroan. management.
PT MSIG Life Insurance Indonesia Tbk 150 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Pelaksanaan RUPS Tahun 2025 Implementation of 2025 Annual GMS
Sepanjang tahun 2025, Perseroan menyelenggarakan 1 kali Throughout 2025, the Company held 1 Annual GMS
RUPS Tahunan dan 3 kali RUPS Luar Biasa. Informasi lebih and 3 Extraordinary GMS. Detailed information on
lengkap mengenai pelaksanaan RUPS tersebut diuraikan the implementation of GMS is presented as follows:
sebagai berikut:
RUPS Tahunan 2025
2025 Annual GMS
Hari/Tanggal Selasa, 24 Juni 2025
Day/Date Tuesday, June 24, 2025
Waktu 10.17 – 10.59 WIB
Time 10.17 – 10.59 AM
Sinarmas Land Plaza, Tower II, Lt. 39
Tempat Jl. M.H. Thamrin No. 51
Venue Jakarta Pusat
Ketua Dewan Pengawas Syariah : Dr. H. Rahmat Hidayat, S.E., M.T.*
Anggota Dewan Pengawas Syariah : Ahmadi Sukarno*
Presiden Direktur : Wianto
Wakil Presiden Direktur : Tomoyuki Monden
Direktur : Herman Sulistyo
Direktur : Ken Terada
Direktur : Eiji Takahashi
Kehadiran Pengurus Perusahaan * Hadir secara daring melalui media telekonferensi.
Attendance of the Company’s
Management Chairman of Sharia Supervisory Board : Dr. H. Rahmat Hidayat, S.E., M.T.*
Member of Sharia Supervisory Board : Ahmadi Sukarno*
President Director : Wianto
Deputy President Director : Tomoyuki Monden
Director : Herman Sulistyo
Director : Ken Terada
Director : Eiji Takahashi
* Attended virtually via teleconference.
Rapat dihadiri oleh 1.771.462.935 Pemegang Saham atau kuasa Pemegang Saham yang memiliki hak
suara yang sah atau setara dengan 84,36% dari total 2.100.000.000 saham dengan hak suara yang sah
Kehadiran Pemegang Saham yang telah dikeluarkan oleh Perseroan.
Attendance of Shareholders The Meeting was attended by 1,771,462,935 Shareholders or their proxies with valid voting rights or
equivalent to 84.36% of the total 2,100,000,000 shares with valid voting rights issued by the Company.
Mekanisme Pengambilan
Pengambilan keputusan dilakukan dengan pemungutan suara dengan cara lisan dan secara elektronik
Keputusan Rapat
(e-voting).
Mechanism for Adopting Meeting
The resolutions were adopted through voting, orally and electronically (e-voting).
Resolutions
Pihak Independen Penghitung Dihadiri oleh Notaris Aryanti Artisari, S.H., M.Kn. dan perwakilan dari PT Sinartama Gunita selaku Biro
Suara Administrasi Efek untuk melakukan proses penghitungan suara dan/atau melakukan validasi.
Independent Party for Counting Attended by Notary Aryanti Artisari, S.H., M.Kn., and representatives from PT Sinartama Gunita as
Votes the Share Registrar Bureau to carry out the vote-counting process and/or validation.
Hasil Keputusan Realisasi
Resolutions Realization
1. Persetujuan Laporan Tahunan Perseroan yang telah ditinjau oleh Dewan Komisaris, termasuk Laporan Pengawasan Dewan Komisaris dan
Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024.
Approval of the Company’s Annual Report, which has been reviewed by the Board of Commissioners, including the Board of Commissioners’
Supervisory Report and the Company’s Financial Statements for the financial year ended December 31, 2024.
1. Menyetujui Laporan Tahunan Perseroan dan Laporan Tugas Pengawasan Dewan Komisaris untuk Telah direalisasikan sepenuhnya.
tahun buku yang berakhir pada tanggal 31 Desember 2024.
2. Menegaskan kembali pengesahan Laporan Keuangan Perseroan untuk tahun buku yang berakhir
pada tanggal 31 Desember 2024 yang telah diaudit oleh Kantor Akuntan Publik Purwantono,
Sungkoro & Surja, anggota dari Ernst & Young Global sesuai dengan Laporan Auditor Independen
No. 00137/2.1032/AU.1/08/1800-2/1/III/2025 tanggal 4 Maret 2025, dengan pendapat wajar dalam
semua hal yang material sesuai dengan Standar Akuntansi Keuangan di Indonesia, sebagaimana
telah disahkan dalam RUPS Luar Biasa tanggal 22 April 2025.
2025 Annual Report 151 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
3. Memberikan pelunasan dan pembebasan tanggung jawab (acquit et de charge) sepenuhnya kepada
seluruh anggota Direksi Perseroan atas tindakan pengurusan dan kepada seluruh anggota Dewan
Komisaris Perseroan atas tindakan pengawasan yang telah dijalankan selama tahun buku 2024,
sejauh tindakan tersebut tercermin dalam Laporan Keuangan Perseroan tahun buku 2024.
1. Approved the Company’s Annual Report and the Board of Commissioners’ Supervisory Report for Have been fully realized.
the financial year ended December 31, 2024.
2. Reaffirmed the ratification the Company’s Financial Statements for the financial year ended
December 31, 2024, which have been audited by the Public Accounting Firm Purwantono, Sungkoro
& Surja, a member of Ernst & Young Global, in accordance with Independent Auditor’s Report
No. 00137/2.1032/AU.1/08/1800-2/1/III/2025 dated March 4, 2025, with an unqualified opinion
on all material respects in accordance with the Financial Accounting Standards in Indonesia,
as previously ratified in the Extraordinary GMS on April 22, 2025.
3. Granted full release and discharge (acquit et de charge) to all members of the Company’s Board
of Directors for management actions and to all members of the Board of Commissioners for
supervisory actions carried out throughout the 2024 financial year, to the extent such actions are
reflected in the Company’s Financial Statements for the 2024 financial year.
2. Persetujuan penetapan penggunaan laba bersih Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024.
Approval of the determination on the allocation of the Company’s net profit for the financial year ended December 31, 2024.
1. Menetapkan bahwa sesuai dengan Laporan Keuangan Perseroan untuk tahun buku yang Telah direalisasikan sepenuhnya.
berakhir pada tanggal 31 Desember 2024, yang telah diaudit oleh Kantor Akuntan Publik
Purwantono, Sungkoro & Surja (anggota dari Ernst & Young Global), laba bersih Perseroan sebesar
Rp351.457.740.294,00 (laba bersih 2024), yang mencakup hasil keuangan segmen bisnis syariah.
Bila tidak termasuk segmen usaha syariah, laba bersih Perseroan sebesar Rp339.394.647.445,00
(laba bersih 2024 tidak termasuk usaha syariah).
2. Menetapkan penggunaan laba sebagai berikut:
a. Sebesar Rp3.393.946.474,00 dari sisa laba bersih 2024 yang belum dibagikan dan belum
ditentukan penggunaannya sebagai tambahan cadangan umum Perseroan; dan
b. Sebesar Rp336.000.000.000,00 per saham yang berasal dari laba bersih tahun 2024 tidak
termasuk usaha syariah dan akumulasi sisa laba tahun sebelumnya akan dibagikan sebagai
dividen tunai kepada para Pemegang Saham. Jumlah dividen tunai tersebut setara dengan 99%
dari laba bersih tahun 2024 tidak termasuk usaha syariah.
c. Atas pembayaran dividen tunai tersebut berlaku syarat dan ketentuan sebagai berikut:
I. Dividen tunai untuk tahun buku 2024 akan dibayarkan untuk setiap saham yang dikeluarkan
oleh Perseroan yang tercatat dalam Daftar Pemegang Saham Perseroan pada tanggal
pencatatan (recording date) yang akan ditetapkan oleh Direksi;
II. Atas pembayaran dividen tunai tahun buku 2024, Direksi diberi kuasa dengan hak substitusi
untuk melakukan pemotongan pajak dividen sesuai dengan peraturan perpajakan yang
berlaku;
III. Direksi diberi kuasa dengan hak substitusi untuk menetapkan hal-hal yang berkaitan dengan
pelaksanaan pembayaran dividen tunai tahun buku 2024, termasuk namun tidak terbatas
untuk menentukan jadwal dan tata cara pembagian dividen tunai dengan memperhatikan
ketentuan yang diatur dalam peraturan Otoritas Jasa Keuangan, peraturan Bursa Efek
Indonesia, dan peraturan perundang-undangan terkait lainnya, dan selanjutnya menyampaikan
laporan dan/atau meminta persetujuan pada pihak yang berwenang, serta melakukan setiap
dan semua tindakan yang diperlukan sehubungan dengan pembagian dividen tunai tersebut
sesuai dengan peraturan perundang-undangan yang berlaku.
3. Jadwal Pembagian Dividen:
No. Keterangan Tanggal
Laporan Pembagian Dividen Tunai Kepada Bursa Efek
1. 26 Juni 2025
Indonesia
2. Pengumuman Pembagian Dividen Tunai 26 Juni 2025
3. Tanggal Cum Dividen di Pasar Reguler dan Negosiasi 3 Juli 2025
4. Tanggal Ex Dividen di Pasar Reguler dan Negosiasi 4 Juli 2025
5. Tanggal Cum Dividen di Pasar Tunai 7 Juli 2025
6. Tanggal Ex Dividen di Pasar Tunai 8 Juli 2025
Tanggal Daftar Pemegang Saham yang berhak atas Dividen
7. 7 Juli 2025
Tunai (Recording Date)
8. Tanggal Pembayaran Dividen Tunai Tahun Buku 2024 24 Juli 2025
PT MSIG Life Insurance Indonesia Tbk 152 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
1. Determined that, in accordance with the Company’s Financial Statements for the financial year Have been fully realized.
ended December 31, 2024, which have been audited by the Public Accounting Firm Purwantono,
Sungkoro & Surja (a member of Ernst & Young Global), the Company’s net profit amounted
to Rp351,457,740,294.00 (2024 net profit), which included the financial results of the sharia
business segment. Excluding the sharia business segment, the Company’s net profit amounted to
Rp339,394,647,445.00 (2024 net profit excluding sharia business).
2. The allocation of net profit was determined as follows:
a. An amount of Rp3,393,946,474.00 from the remaining undistributed and undesignated 2024 net
profit was allocated as an additional general reserve of the Company; and
b. An amount of Rp336,000,000,000.00, derived from the 2024 net profit excluding sharia business
and the accumulated retained earnings from previous years, was designated to be distributed as
cash dividends to the Shareholders. The cash dividends represented 99% of the Company’s 2024
net profit excluding sharia business.
c. The following terms and conditions applied to the cash dividend distribution:
I. Cash dividends for the 2024 financial year are to be paid for each share issued by the Company,
which is recorded in the Company’s Shareholders Register on the recording date that will be
determined by the Board of Directors;
II. Regarding cash dividend payment for the 2024 financial year, the Board of Directors is
authorized, with substitution rights, to withhold dividend taxes in accordance with applicable
tax regulations;
III. The Board of Directors is authorized, with substitution rights, to determine matters relating
to the payment of cash dividends for the 2023 financial year, including but not limited to
determining the schedule and procedure for distributing cash dividends with due observance
of the provisions stipulated by the Financial Services Authority regulations, Indonesia Stock
Exchange regulations, and other relevant regulations, then subsequently submit reports
and/or request approvals from the competent authorities, and take any and all necessary
actions regarding the distribution of cash dividends according to applicable laws and
regulations.
3. Schedule for Dividend Distribution:
No. Description Date
Report of Cash Dividend Distribution to Indonesia Stock
1. June 26, 2025
Exchange
2. Announcement of Cash Dividend Distribution June 26, 2025
3. Cum Dividend Date in the Regular and Negotiation Market July 3, 2025
4. Ex Dividend Date in the Regular and Negotiation Market July 4, 2025
5. Cum Dividend Date in Cash Market July 7, 2025
6. Ex Dividend Date in Cash Market July 8, 2025
Date of Shareholders’ Register entitled to Cash Dividend
7. July 7, 2025
(Recording Date)
8. Date of Cash Dividend Payment for 2024 Financial Year July 24, 2025
3. Persetujuan pendelegasian wewenang kepada Dewan Komisaris atas usulan Komite Nominasi dan Remunerasi Perseroan mengenai
penetapan gaji, tunjangan, tantiem, dan/atau bonus kepada anggota Direksi dan Dewan Komisaris Perseroan untuk tahun buku 2025.
Approval of the delegation of authority to the Board of Commissioners, upon the proposal of the Company’s Nomination and
Remuneration Committee, regarding the determination of salaries, allowances, tantiem, and/or bonuses for members of the Company’s
Board of Directors and Board of Commissioners for the 2025 financial year.
1. Memberikan wewenang kepada Dewan Komisaris atas usulan Komite Nominasi dan Remunerasi Telah direalisasikan sepenuhnya.
untuk menetapkan gaji, tunjangan, dan/atau bonus kepada para anggota Direksi Perseroan untuk
tahun buku 2025 dengan memperhatikan kondisi keuangan Perseroan.
2. Memberikan wewenang kepada Dewan Komisaris atas usulan Komite Nominasi dan Remunerasi
untuk menetapkan gaji atau honorarium, tunjangan, dan/atau bonus kepada para anggota Dewan
Komisaris Perseroan untuk tahun buku 2025 dengan memperhatikan kondisi keuangan Perseroan.
1. Authorized the Board of Commissioners, upon the proposal of the Nomination and Remuneration Have been fully realized.
Committee, to determine the salaries, allowances, and/or bonuses to the members of the Company’s
Board of Directors for the 2025 financial year by considering the Company’s financial condition.
2. Authorized the Board of Commissioners, upon the proposal of the Nomination and Remuneration
Committee, to determine the salaries or honorariums, allowances, and/or bonuses to the members
of the Company’s Board of Commissioners for the 2025 financial year by considering the Company’s
financial condition.
2025 Annual Report 153 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
4. Persetujuan pendelegasian wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik untuk memeriksa Laporan
Keuangan Perseroan untuk tahun buku 2025.
Approval of the delegation of authority to the Company’s Board of Commissioners to appoint a Public Accountant to audit the Company’s
Financial Statements for the 2025 financial year.
1. Menyetujui untuk memberikan wewenang kepada Dewan Komisaris untuk menunjuk Akuntan Telah direalisasikan sepenuhnya.
Publik Independen dari Kantor Akuntan Publik Independen yang terdaftar di Otoritas Jasa Keuangan
sehubungan dengan proses seleksi Akuntan Publik untuk mengaudit Laporan Keuangan Perseroan
untuk tahun buku yang berakhir pada tanggal 31 Desember 2025, yang masih berlangsung dengan
kriteria: Akuntan Publik dan Kantor Akuntan Publik wajib terdaftar pada Otoritas Jasa Keuangan,
dan merupakan pihak yang independen dan profesional untuk mengaudit Laporan Keuangan
Perseroan yang berakhir pada tanggal 31 Desember 2025, dengan memperhatikan rekomendasi
dari Komite Audit.
2. Menyetujui memberikan wewenang kepada Dewan Komisaris untuk menetapkan jumlah
honorarium dan persyaratan lainnya sehubungan dengan penunjukan Akuntan Publik/Kantor
Akuntan Publik tersebut sesuai dengan ketentuan yang berlaku.
1. Approved to authorize the Board of Commissioners to appoint an Independent Public Accountant Have been fully realized.
from an Independent Public Accounting Firm registered with Financial Services Authority in
connection with the ongoing selection process of Public Accountant to audit the Company’s
Financial Statements for the financial year ending December 31, 2025, with criteria: The Public
Accountant and Public Accounting Firm must be registered with Financial Services Authority, and are
independent and professional parties to audit the Company’s Financial Statements for the financial
year ended on December 31, 2025, by considering the Audit Committee’s recommendations.
2. Approved to authorize the Board of Commissioners to determine the honorarium amount and
other requirements related to the appointment of the Public Accountant/Public Accounting Firm
according to the applicable regulations.
5. Persetujuan perubahan susunan Direksi dan Dewan Komisaris serta pengangkatan kembali Direksi dan Dewan Komisaris (sebagaimana
dievaluasi oleh Komite Nominasi dan Remunerasi).
Approval of changes to the composition and reappointment of the Board of Directors and Board of Commissioners (as evaluated by
the Nomination and Remuneration Committee).
1. Menyetujui pengangkatan anggota Direksi dan Dewan Komisaris Perseroan yang baru, berlaku Telah direalisasikan sepenuhnya.
efektif terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan
sampai dengan penutupan RUPS Tahunan ke-2 yang diselenggarakan pada tahun 2027, dengan
susunan sebagai berikut:
a. Kimitake Sugiura selaku Komisaris.
b. Teuku Radja Sjahnan selaku Komisaris Independen.
c. Elly Susanti selaku Direktur.
2. Menyetujui pengangkatan kembali anggota Dewan Komisaris dan Direksi Perseroan yang berlaku
efektif terhitung sejak ditutupnya rapat sampai dengan penutupan RUPS Tahunan ke-2 yang
diselenggarakan pada tahun 2027, dengan susunan sebagai berikut:
a. Indra Widjaja selaku Presiden Komisaris.
b. Hideaki Nomura selaku Komisaris.
c. Sidharta Akmam selaku Komisaris Independen.
d. Herman Sulistyo selaku Direktur.
3. Untuk selanjutnya susunan Dewan Komisaris, Direksi, dan Dewan Pengawas Syariah Perseroan
sejak ditutupnya rapat menjadi sebagai berikut:
Dewan Komisaris
Presiden Komisaris : Indra Widjaja
Komisaris : Hideaki Nomura
Komisaris : Kimitake Sugiura*
Komisaris Independen : Sidharta Akmam
Komisaris Independen : Nazly Parlindungan Siregar
Komisaris Independen : Teuku Radja Sjahnan*
Direksi
Presiden Direktur : Wianto
Wakil Presiden Direktur : Tomoyuki Monden
Direktur : Herman Sulistyo
Direktur : Ken Terada
Direktur : Eiji Takahashi
Direktur : Elly Susanti*
Dewan Pengawas Syariah
Ketua : Dr. H. Rahmat Hidayat, S.E., M.T.
Anggota : Ahmadi Sukarno
* Berlaku efektif terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa
Keuangan.
PT MSIG Life Insurance Indonesia Tbk 154 Laporan Tahunan 2025
Page 157
Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
4. Memberikan kuasa dengan hak substitusi kepada Direksi dan/atau Chief Compliance, Legal, &
Corporate Secretary Perseroan untuk menyatakan kembali seluruh maupun sebagian keputusan
rapat ke dalam akta notaris dan selanjutnya memberitahukan susunan pengurus Perseroan tersebut
kepada Kementerian Hukum Republik Indonesia maupun instansi-instansi lainnya, serta melakukan
segala tindakan yang diperlukan sesuai dengan ketentuan peraturan perundang-undangan yang
berlaku.
1. Approved the appointment of new members of the Company’s Board of Directors and Board of Have been fully realized.
Commissioners, effective as of the date they are declared to have passed the Fit and Proper Test
by the Financial Services Authority until the closing of the 2nd Annual GMS to be held in 2027, with
the following composition:
a. Kimitake Sugiura as Commissioner.
b. Teuku Radja Sjahnan as Independent Commissioner.
c. Elly Susanti as Director.
2. Approved the reappointment of members of the Company’s Board of Commissioners and Board of
Directors, effective as of the closing of this meeting until the closing of the 2nd Annual GMS to be
held in 2027, with the following composition:
a. Indra Widjaja as President Commissioner.
b. Hideaki Nomura as Commissioner.
c. Sidharta Akmam as Independent Commissioner.
d. Herman Sulistyo as Director.
3. Furthermore, the composition of the Company’s Board of Commissioners, Board of Directors, and
Sharia Supervisory Board as of the closing of this meeting shall be as follows:
Board of Commissioners
President Commissioner : Indra Widjaja
Commissioner : Hideaki Nomura
Commissioner : Kimitake Sugiura*
Independent Commissioner : Sidharta Akmam
Independent Commissioner : Nazly Parlindungan Siregar
Independent Commissioner : Teuku Radja Sjahnan*
Board of Directors
President Director : Wianto
Deputy President Director : Tomoyuki Monden
Director : Herman Sulistyo
Director : Ken Terada
Director : Eiji Takahashi
Director : Elly Susanti*
Sharia Supervisory Board
Chairman : Dr. H. Rahmat Hidayat, S.E., M.T.
Member : Ahmadi Sukarno
* Effective as of the date declared to have passed the Fit and Proper Test by the Financial Services
Authority.
4. Authorized, with substitution rights, the Company’s Board of Directors and/or Chief Compliance,
Legal, & Corporate Secretary, to restate the entire or part of these meeting resolutions in a notarial
deed and subsequently notify the composition of the Company’s management to the Ministry of
Law and Human Rights of the Republic of Indonesia and other relevant authorities, and take all
necessary actions according to the provisions of applicable laws and regulations.
RUPS Luar Biasa 2025
Extraordinary GMS 2025
RUPS Luar Biasa 7 Januari 2025
Extraordinary GMS on January 7, 2025
Hari/Tanggal Selasa, 7 Januari 2025
Day/Date Tuesday, January 7, 2025
Waktu 10.12 – 10.32 WIB
Time 10.12 – 10.32 AM
Sinarmas Land Plaza Sudirman Lantai 7 (d/h Sinarmas MSIG Tower)
Tempat Jl. Jend. Sudirman Kav. 21
Venue Jakarta Selatan
2025 Annual Report 155 PT MSIG Life Insurance Indonesia Tbk
Page 158
Tata Kelola Perusahaan
Good Corporate Governance
Presiden Direktur : Wianto
Wakil Presiden Direktur : Satoshi Shiratani
Direktur : Herman Sulistyo
Direktur : Tomoyuki Monden
Direktur : Andrew Bain
Direktur : Ken Terada
Direktur : Ardhayadi Mitroatmodjo*
Kehadiran Pengurus Perusahaan * Hadir secara daring melalui media telekonferensi.
Attendance of the Company’s President Director : Wianto
Management Deputy President Director : Satoshi Shiratani
Director : Herman Sulistyo
Director : Tomoyuki Monden
Director : Andrew Bain
Director : Ken Terada
Director : Ardhayadi Mitroatmodjo*
* Attended virtually via teleconference.
Rapat dihadiri oleh 1.680.002.500 Pemegang Saham atau kuasa Pemegang Saham yang memiliki hak
suara yang sah atau setara dengan 80,00% dari total 2.100.000.000 saham dengan hak suara yang sah
Kehadiran Pemegang Saham yang telah dikeluarkan oleh Perseroan.
Attendance of Shareholders
The Meeting was attended by 1,680,002,500 Shareholders or their proxies with valid voting rights or
equivalent to 80.00% of the total 2,100,000,000 shares with valid voting rights issued by the Company.
Mekanisme Pengambilan Pengambilan keputusan dilakukan dengan pemungutan suara dengan cara lisan dan secara elektronik
Keputusan Rapat (e-voting).
Mechanism for Adopting Meeting
The resolutions were adopted through voting, orally and electronically (e-voting).
Resolutions
Pihak Independen Penghitung Dihadiri oleh Notaris Aulia Taufani, S.H. dan perwakilan dari PT Sinartama Gunita selaku Biro
Suara Administrasi Efek untuk melakukan proses penghitungan suara dan/atau melakukan validasi.
Independent Party for Counting Attended by Notary Aulia Taufani, S.H. and representatives from PT Sinartama Gunita as the Share
Votes Registrar Bureau to carry out the vote-counting process and/or validation.
Hasil Keputusan Realisasi
Resolutions Realization
1. Persetujuan perubahan susunan Direksi Perseroan.
Approval of changes to the composition of the Company’s Board of Directors.
1. Menyetujui pengunduran diri Andrew Bain sebagai Direktur Perseroan terhitung sejak tanggal Telah direalisasikan sepenuhnya.
7 Januari 2025, serta memberikan pembebasan dan pelunasan sepenuhnya (acquit et de charge)
dari tanggung jawab atas tindakan-tindakan pengurusan Perseroan hingga akhir masa jabatannya,
sepanjang tindakan tersebut tercermin dalam pembukuan Perseroan dan disahkan dalam RUPS
Tahunan Perseroan.
2. Untuk selanjutnya terhitung sejak tanggal 7 Januari 2025 susunan Direksi Perseroan menjadi
sebagai berikut:
Direksi
Presiden Direktur : Wianto
Wakil Presiden Direktur : Satoshi Shiratani
Direktur : Herman Sulistyo
Direktur : Tomoyuki Monden
Direktur : Ken Terada
1. Approved the resignation of Andrew Bain as Director of the Company, effective as of Have been fully realized.
January 7, 2025, and granted full release and discharge (acquit et de charge) from all responsibilities
for management actions performed during his term of office, to the extent such actions are
reflected in the Company’s records and approved by the Company’s Annual GMS.
2. Therefore, effective as of January 7, 2025, the composition of the Company’s Board of Directors
shall be as follows:
Board of Directors
President Director : Wianto
Deputy President Director : Satoshi Shiratani
Director : Herman Sulistyo
Director : Tomoyuki Monden
Director : Ken Terada
PT MSIG Life Insurance Indonesia Tbk 156 Laporan Tahunan 2025
Page 159
Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
2. Persetujuan perubahan susunan Dewan Pengawas Syariah Perseroan.
Approval of changes to the composition of the Company’s Sharia Supervisory Board.
1. Menyetujui pengunduran diri Endy Muhammad Astiwara sebagai Ketua Dewan Pengawas Syariah Telah direalisasikan sepenuhnya.
Perseroan terhitung sejak tanggal 7 Januari 2025, serta memberikan pembebasan dan pelunasan
sepenuhnya (acquit et de charge) dari tanggung jawab atas tindakan-tindakan pengurusan
Perseroan hingga akhir masa jabatannya, sepanjang tindakan tersebut tercermin dalam pembukuan
Perseroan dan disahkan dalam RUPS Tahunan Perseroan.
2. Menyetujui pengangkatan Dr. H. Rahmat Hidayat, S.E., M.T. sebagai Ketua Dewan Pengawas Syariah
Perseroan berlaku efektif terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh
Otoritas Jasa Keuangan sampai dengan penutupan RUPS Tahunan ke-2.
3. Untuk selanjutnya susunan Dewan Komisaris, Direksi, dan Dewan Pengawas Syariah Perseroan
menjadi sebagai berikut:
Dewan Komisaris
Presiden Komisaris : Indra Widjaja
Komisaris : Toshinari Tokoi
Komisaris : Hideaki Nomura
Komisaris Independen : Ardhayadi Mitroatmodjo
Komisaris Independen : Sidharta Akmam
Komisaris Independen : Nazly Parlindungan Siregar
Direksi
Presiden Direktur : Wianto
Wakil Presiden Direktur : Satoshi Shiratani
Direktur : Herman Sulistyo
Direktur : Tomoyuki Monden
Direktur : Ken Terada
Dewan Pengawas Syariah
Ketua : Dr. H. Rahmat Hidayat, S.E., M.T.*
Anggota : Ahmadi Sukarno
* Berlaku efektif terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa
Keuangan.
4. Memberikan kuasa dengan hak substitusi kepada Direksi dan/atau Chief Compliance, Legal,
& Corporate Secretary Perseroan untuk menyatakan kembali seluruh maupun sebagian
keputusan rapat ini ke dalam akta notaris dan selanjutnya memberitahukan susunan pengurus
Perseroan tersebut kepada Kementerian Hukum Republik Indonesia maupun instansi-instansi
lainnya, serta melakukan segala tindakan yang diperlukan sesuai dengan ketentuan peraturan
perundang-undangan yang berlaku.
1. Approved the resignation of Endy Muhammad Astiwara as Chairman of the Company’s Sharia Have been fully realized.
Supervisory Board, effective as of January 7, 2025, and granted full release and discharge (acquit
et de charge) from all responsibilities for supervisory actions performed during his term of office,
to the extent such actions are reflected in the Company’s records and approved by the Company’s
Annual GMS.
2. Approved the appointment of Dr. H. Rahmat Hidayat, SE, MT as Chairman of the Company’s Sharia
Supervisory Board, effective upon being declared to have passed the Fit and Proper Test by
the Financial Services Authority, until the closing of the 2nd Annual GMS.
3. Therefore, the composition of the Company’s Board of Commissioners, Board of Directors, and
Sharia Supervisory Board shall be as follows:
Board of Commissioners
President Commissioner : Indra Widjaja
Commissioner : Toshinari Tokoi
Commissioner : Hideaki Nomura
Independent Commissioner : Ardhayadi Mitroatmodjo
Independent Commissioner : Sidharta Akmam
Independent Commissioner : Nazly Parlindungan Siregar
Board of Directors
President Director : Wianto
Deputy President Director : Satoshi Shiratani
Director : Herman Sulistyo
Director : Tomoyuki Monden
Director : Ken Terada
Sharia Supervisory Board
Chairman : Dr. H. Rahmat Hidayat, S.E., M.T.*
Member : Ahmadi Sukarno
* Effective as of the date declared to have passed the Fit and Proper Test by the Financial Services
Authority.
2025 Annual Report 157 PT MSIG Life Insurance Indonesia Tbk
Page 160
Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
4. Authorized, with substitution rights, the Company’s Board of Directors and/or Chief Compliance,
Legal, & Corporate Secretary, to restate the entire or part of these meeting resolutions in a notarial
deed and subsequently notify the composition of the Company’s management to the Ministry of
Law and Human Rights of the Republic of Indonesia and other relevant authorities, and take all
necessary actions according to the provisions of applicable laws and regulations.
RUPS Luar Biasa 22 April 2025
Extraordinary GMS on April 22, 2025
Hari/Tanggal Selasa, 22 April 2025
Day/Date Tuesday, April 22, 2025
Waktu 10.12 – 10.33 WIB
Time 10.12 – 10.33 AM
Sinarmas Land Plaza, Tower II, Lt. 39
Tempat Jl. M.H. Thamrin No. 51
Venue Jakarta Pusat
Ketua Dewan Pengawas Syariah : Dr. H. Rahmat Hidayat, S.E., M.T.*
Anggota Dewan Pengawas Syariah : Ahmadi Sukarno*
Presiden Direktur : Wianto
Direktur : Herman Sulistyo
Direktur : Tomoyuki Monden
Direktur : Ken Terada
Kehadiran Pengurus Perusahaan * Hadir secara daring melalui media telekonferensi.
Attendance of the Company’s Chairman of Sharia Supervisory Board : Dr. H. Rahmat Hidayat, S.E., M.T.*
Management Member of Sharia Supervisory Board : Ahmadi Sukarno*
President Director : Wianto
Director : Herman Sulistyo
Director : Tomoyuki Monden
Director : Ken Terada
* Attended virtually via teleconference.
Rapat dihadiri oleh 1.998.998.895 Pemegang Saham atau kuasa Pemegang Saham yang memiliki hak
suara yang sah atau setara dengan 95,19% dari total 2.100.000.000 saham dengan hak suara yang sah
Kehadiran Pemegang Saham yang telah dikeluarkan oleh Perseroan.
Attendance of Shareholders
The Meeting was attended by 1,998,998,895 Shareholders or their proxies with valid voting rights or
equivalent to 95.19% of the total 2,100,000,000 shares with valid voting rights issued by the Company.
Mekanisme Pengambilan Pengambilan keputusan dilakukan dengan pemungutan suara dengan cara lisan dan secara elektronik
Keputusan Rapat (e-voting).
Mechanism for Adopting Meeting The resolutions were adopted through voting, orally and electronically (e-voting).
Resolutions
Pihak Independen Penghitung Dihadiri oleh Notaris Aulia Taufani, S.H. dan perwakilan dari PT Sinartama Gunita selaku Biro
Suara Administrasi Efek untuk melakukan proses penghitungan suara dan/atau melakukan validasi.
Independent Party for Counting Attended by Notary Aulia Taufani, S.H. and representatives from PT Sinartama Gunita as the Share
Votes Registrar Bureau to carry out the vote-counting process and/or validation.
Hasil Keputusan Realisasi
Resolutions Realization
1. Pengesahan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024.
Approval of the Company’s Financial Statements for the financial year ended December 31, 2024.
Mengesahkan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal Telah direalisasikan sepenuhnya.
31 Desember 2024 yang telah diaudit oleh Kantor Akuntan Publik Purwantono, Sungkoro
& Surja, anggota dari Ernst & Young Global sesuai dengan Laporan Auditor Independen
No. 00137/2.1032/AU.1/08/1800-2/1/III/2025 tertanggal 4 Maret 2025, dengan pendapat wajar dalam
semua hal yang material sesuai dengan Standar Akuntansi Keuangan di Indonesia.
Approved the Company’s Financial Statements for the financial year ended December 31, 2024, which Have been fully realized.
have been audited by Purwantono, Sungkoro & Surja Public Accounting Firm, a member of Ernst & Young
Global, in accordance with Independent Auditor’s Report No. 00137/2.1032/AU.1/08/1800-2/1/III/2025
dated March 4, 2025, with an unqualified opinion on all material respects in accordance with Financial
Accounting Standards in Indonesia.
PT MSIG Life Insurance Indonesia Tbk 158 Laporan Tahunan 2025
Page 161
Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
2. Persetujuan perubahan susunan Direksi Perseroan.
Approval of changes to the composition of the Company’s Board of Directors.
1. Menerima pengunduran diri Satoshi Shiratani sebagai Wakil Presiden Direktur Perseroan terhitung Telah direalisasikan sepenuhnya.
sejak tanggal 22 April 2025, serta memberikan pembebasan dan pelunasan sepenuhnya (acquit et
de charge) dari tanggung jawab atas tindakan-tindakan pengurusan Perseroan hingga akhir masa
jabatannya, sepanjang tindakan tersebut tercermin dalam pembukuan Perseroan dan disahkan
dalam RUPS Tahunan Perseroan.
2. Menyetujui pengangkatan Direktur sebagai berikut:
a. Tomoyuki Monden yang saat ini menjabat sebagai Direktur Perseroan, sebagai Wakil Presiden
Direktur Perseroan berlaku efektif terhitung sejak tanggal 22 April 2025 sampai dengan
penutupan RUPS Tahunan ke-2 berikutnya.
b. Menyetujui pengangkatan Eiji Takahashi sebagai Direktur Perseroan berlaku efektif terhitung
sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan sampai dengan
penutupan RUPS Tahunan ke-2 berikutnya.
3. Untuk selanjutnya susunan Dewan Komisaris, Direksi, dan Dewan Pengawas Syariah Perseroan
menjadi sebagai berikut:
Dewan Komisaris
Presiden Komisaris : Indra Widajaja
Komisaris : Toshinari Tokoi
Komisaris : Hideaki Nomura
Komisaris Independen : Ardhayadi Mitroatmodjo
Komisaris Independen : Sidharta Akmam
Komisaris Independen : Nazly Parlindungan Siregar
Direksi
Presiden Direktur : Wianto
Wakil Presiden Direktur : Tomoyuki Monden
Direktur : Herman Sulistyo
Direktur : Ken Terada
Dirketur : Eiji Takahashi*
Dewan Pengawas Syariah
Ketua : Dr. H. Rahmat Hidayat, S.E., M.T.*
Anggota : Ahmadi Sukarno
* Berlaku efektif terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa
Keuangan.
4. Memberikan kuasa dengan hak substitusi kepada Direksi dan/atau Chief Compliance, Legal,
& Corporate Secretary Perseroan untuk menyatakan kembali seluruh maupun sebagian
keputusan rapat ini ke dalam akta notaris dan selanjutnya memberitahukan susunan pengurus
Perseroan tersebut kepada Kementerian Hukum Republik Indonesia maupun instansi-instansi
lainnya, serta melakukan segala tindakan yang diperlukan sesuai dengan ketentuan peraturan
perundang-undangan yang berlaku.
1. Approved the resignation of Satoshi Shiratani as Deputy President Director of the Company Have been fully realized.
effective as of April 22, 2025, and granted full release and discharge (acquit et de charge) from
responsibility for all management actions performed during his term of office, to the extent such
actions are reflected in the Company’s records and approved by the Company’s Annual GMS.
2. Approved the appointment of Directors as follows:
a. Tomoyuki Monden, who currently serves as a Director of the Company, to be appointed as Deputy
President Director of the Company, effective as of April 22, 2025, until the closing of the 2nd
subsequent Annual GMS.
b. Approved the appointment of Eiji Takahashi as Director of the Company, effective upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority, until
the closing of the 2nd subsequent Annual GMS.
3. Therefore, the composition of the Company’s Board of Commissioners, Board of Directors, and
Sharia Supervisory Board shall be as follows:
Board of Commissioners
President Commissioner : Indra Widjaja
Commissioner : Toshinari Tokoi
Commissioner : Hideaki Nomura
Independent Commissioner : Ardhayadi Mitroatmodjo
Independent Commissioner : Sidharta Akmam
Independent Commissioner : Nazly Parlindungan Siregar
Board of Directors
President Director : Wianto
Deputy President Director : Tomoyuki Monden
Director : Herman Sulistyo
Director : Ken Terada
Director : Eiji Takahashi*
2025 Annual Report 159 PT MSIG Life Insurance Indonesia Tbk
Page 162
Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
Sharia Supervisory Board
Chairman : Dr. H. Rahmat Hidayat, S.E., M.T.*
Member : Ahmadi Sukarno
* Effective as of the date declared to have passed the Fit and Proper Test by the Financial Services
Authority.
4. Authorized, with substitution rights, the Company’s Board of Directors and/or Chief Compliance,
Legal, & Corporate Secretary, to restate the entire or part of these meeting resolutions in a notarial
deed and subsequently notify the composition of the Company’s management to the Ministry of
Law and Human Rights of the Republic of Indonesia and other relevant authorities, and take all
necessary actions according to the provisions of applicable laws and regulations.
RUPS Luar Biasa 23 September 2025
Extraordinary GMS on September 23, 2025
Hari/Tanggal Selasa, 23 September 2025
Day/Date Tuesday, September 23, 2025
Waktu 10.12 – 10.45 WIB
Time 10.12 – 10.45 AM
Sinarmas Land Plaza, Tower II, Lt. 39
Tempat Jl. M.H. Thamrin No. 51
Venue Jakarta Pusat
Ketua Dewan Pengawas Syariah : Dr. H. Rahmat Hidayat, S.E., M.T.
Anggota Dewan Pengawas Syariah : Ahmadi Sukarno
Presiden Direktur : Wianto
Wakil Presiden Direktur : Tomoyuki Monden
Direktur : Herman Sulistyo
Direktur : Ken Terada
Direktur : Eiji Takahashi
Kehadiran Pengurus Perusahaan Direktur : Elly Susanti
Attendance of the Company’s Chairman of Sharia Supervisory Board : Dr. H. Rahmat Hidayat, S.E., M.T.
Management Member of Sharia Supervisory Board : Ahmadi Sukarno
President Director : Wianto
Deputy President Director : Tomoyuki Monden
Director : Herman Sulistyo
Director : Ken Terada
Director : Eiji Takahashi
Director : Elly Susanti
Rapat dihadiri oleh 1.727.356.531 Pemegang Saham atau kuasa Pemegang Saham yang memiliki hak
suara yang sah atau setara dengan 82,25% dari total 2.100.000.000 saham dengan hak suara yang sah
Kehadiran Pemegang Saham yang telah dikeluarkan oleh Perseroan.
Attendance of Shareholders
The Meeting was attended by 1,727,356,531 Shareholders or their proxies with valid voting rights or
equivalent to 82.25% of the total 2,100,000,000 shares with valid voting rights issued by the Company.
Mekanisme Pengambilan Pengambilan keputusan dilakukan dengan pemungutan suara dengan cara lisan dan secara elektronik
Keputusan Rapat (e-voting).
Mechanism for Adopting Meeting The resolutions were adopted through voting, orally and electronically (e-voting).
Resolutions
Pihak Independen Penghitung Dihadiri oleh Notaris Hadijah, S.H. dan perwakilan dari PT Sinartama Gunita selaku Biro Administrasi
Suara Efek untuk melakukan proses penghitungan suara dan/atau melakukan validasi.
Independent Party for Counting Attended by Notary Hadijah, S.H. and representatives from PT Sinartama Gunita as the Share Registrar
Votes Bureau to carry out the vote-counting process and/or validation.
PT MSIG Life Insurance Indonesia Tbk 160 Laporan Tahunan 2025
Page 163
Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
1. Persetujuan pemisahan Unit Usaha Syariah.
Approval of the spin-off of the Sharia Business Unit.
1. Menyetujui pemisahan Unit Usaha Syariah PT MSIG Life Insurance Indonesia Tbk dan setiap hal-hal Telah direalisasikan sepenuhnya.
atau tindakan lain yang mungkin diperlukan untuk melaksanakan pemisahan tersebut (Pemisahan),
dengan mendirikan PT MSIG Syariah Life Insurance Indonesia, berlaku efektif setelah memperoleh
persetujuan izin usaha yang diterbitkan oleh Otoritas Jasa Keuangan.
2. Menyetujui pemberian kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi,
untuk melakukan setiap dan seluruh tindakan sehubungan dengan hal-hal yang berkaitan
dengan pemisahan tersebut dengan memperhatikan Anggaran Dasar Perusahaan dan peraturan
perundang-undangan yang berlaku.
3. Meratifikasi dan menyetujui segala dan setiap tindakan yang telah dan akan dilakukan oleh Direksi
dan/atau Dewan Komisaris Perseroan tanpa ada yang dikecualikan sehubungan dengan hal-hal
yang berkaitan dengan pemisahan tersebut dengan memperhatikan Anggaran Dasar Perusahaan
dan peraturan perundang-undangan yang berlaku.
1. Approved the spin-off of Sharia Business Unit of PT MSIG Life Insurance Indonesia Tbk and any Have been fully realized.
other matters or actions that may be required to implement such spin-off (Spin-Off), through
the establishment of PT MSIG Syariah Life Insurance Indonesia, to be effective upon obtaining
the business license approval issued by the Financial Services Authority.
2. Approved the granting of authority and power to the Company’s Board of Directors, with
substitution rights, to carry out any and all actions in connection with matters relating to
the spin-off, with due observance of the Company’s Articles of Association and the prevailing laws
and regulations.
3. Ratified and approved all actions that have been and will be taken by the Company’s Board of
Directors and/or Board of Commissioners, without exception, in connection with matters relating
to the spin-off, in accordance with the Company’s Articles of Association and the applicable laws
and regulations.
2. Persetujuan rancangan pemisahan Unit Usaha Syariah.
Approval of the spin-off plan of the Sharia Business Unit.
1. Menyetujui Rancangan Pemisahan Unit Usaha Syariah PT MSIG Life Insurance Indonesia Tbk Telah direalisasikan sepenuhnya.
dengan mendirikan PT MSIG Syariah Life Insurance Indonesia dengan pokok-pokok pemisahan
yang terdapat dalam rancangan pemisahan yang disusun oleh Direksi Perseroan dan telah disetujui
oleh Dewan Komisaris, serta telah diumumkan dalam Surat Kabar Harian Kontan pada tanggal
25 Februari 2025.
2. Meratifikasi dan menyetujui segala dan setiap tindakan yang telah dan akan dilakukan oleh Direksi
dan/atau Dewan Komisaris Perseroan tanpa ada yang dikecualikan sehubungan dengan hal-hal
yang berkaitan dengan rancangan pemisahan dengan memperhatikan Anggaran Dasar Perusahaan
dan peraturan perundang-undangan yang berlaku.
1. Approved the Spin-Off Plan of Sharia Business Unit of PT MSIG Life Insurance Indonesia Tbk through Have been fully realized.
the establishment of PT MSIG Syariah Life Insurance Indonesia, including the principal terms of
the spin-off as set forth in the spin-off plan prepared by the Board of Directors and approved by
the Board of Commissioners, and which has been announced in Kontan Daily Newspaper on
February 25, 2025.
2. Ratified and approved all actions that have been and will be taken by the Company’s Board of
Directors and/or Board of Commissioners, without exception, in connection with matters relating
to the spin-off plan, in accordance with the Company’s Articles of Association and the applicable
laws and regulations.
3. Persetujuan Rancangan Akta Pemisahan Unit Usaha Syariah.
Approval of the Draft Deed of Spin-Off of the Sharia Business Unit.
1. Menyetujui Rancangan Akta Pemisahan Unit Usaha Syariah. Telah direalisasikan sepenuhnya.
2. Menyetujui pemberian kuasa dan wewenang kepada Direksi Perseroan dengan hak substitusi,
untuk melakukan setiap dan seluruh tindakan sehubungan dengan hal-hal yang berkaitan dengan
Konsep Akta Pemisahan dengan memperhatikan Anggaran Dasar Perusahaan dan peraturan
perundang-undangan yang berlaku, termasuk untuk membuat atau meminta dibuatkan segala
akta-akta, surat-surat, maupun dokumen yang diperlukan, hadir di hadapan pihak/pejabat yang
berwenang, mengajukan permohonan persetujuan dan/atau melakukan pemberitahuan kepada
pihak/pejabat yang berwenang untuk memperoleh persetujuan dari Otoritas Jasa Keuangan
sesuai dengan ketentuan perundang-undangan yang berlaku dan untuk membuat pengubahan
dan/atau tambahan dalam bentuk yang diperlukan untuk memperoleh persetujuan atau
diterimanya pemberitahuan tersebut, dan untuk melaksanakan tindakan lainnya yang mungkin
diperlukan tanpa ada yang dikecualikan.
2025 Annual Report 161 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
1. Approved the Draft Deed of Spin-Off of the Sharia Business Unit. Have been fully realized.
2. Approved the granting of authority and power to the Company’s Board of Directors, with
substitution rights, to carry out any and all actions in connection with matters relating to the Draft
Deed of Spin-Off, in accordance with the Company’s Articles of Association and applicable laws and
regulations, including but not limited to preparing or causing to be prepared all deeds, letters, and
documents required, appearing before authorized parties/officials, submitting applications for
approval and/or notifications to authorized parties/officials to obtain approval from the Financial
Services Authority in compliance with the applicable laws and regulations, making any amendments
and/or additions in the required form to obtain such approval or acceptance of notification, and
carrying out any other necessary actions without exception.
4. Persetujuan atas Rancangan Akta Pendirian Perusahaan Asuransi Syariah baru sebagai hasil pemisahan Unit Usaha Syariah.
Approval of the Draft Deed of Establishment of a New Sharia Insurance Company as a result of the spin-off of the Sharia Business Unit.
1. Menyetujui Rancangan Akta Pendirian PT MSIG Syariah Life Insurance Indonesia hasil Pemisahan Telah direalisasikan sepenuhnya.
meliputi Nama PT, Modal Dasar, Modal ditempatkan, keikutsertaan Perusahaan (PT MSIG Life
Insurance Indonesia Tbk) dan Renova Siregar dalam penyetoran modal dan susunan Direksi, Dewan
Komisaris, dan Dewan Pengawas Syariah.
2. Memberikan kuasa kepada Direksi Perseroan dengan hak substitusi, untuk melakukan segala
tindakan yang diperlukan berkaitan dengan keputusan Mata Acara Rapat ini.
1. Approved the Draft Deed of Establishment of PT MSIG Syariah Life Insurance Indonesia as a result of Have been fully realized.
the Spin-Off, covering the Company’s name, authorized capital, issued capital, the participation of
the Company (PT MSIG Life Insurance Indonesia Tbk) and Renova Siregar in capital contribution, as
well as the composition of the Board of Directors, Board of Commissioners, and Sharia Supervisory
Board.
2. Authorized to the Company’s Board of Directors, with substitution rights, to carry out all actions
necessary in connection with the resolutions under this agenda item.
5. Persetujuan atas perubahan Anggaran Dasar Perusahaan.
Approval of Amendments to the Company’s Articles of Association.
1. Menyetujui perubahan Anggaran Dasar Perusahaan efektif setelah berlakunya Izin Usaha Hasil Telah direalisasikan sepenuhnya.
Pemisahan Unit Usaha Syariah yang diterbitkan oleh Otoritas Jasa Keuangan, yaitu:
a. Mengubah Pasal 3 Anggaran Dasar Perusahaan tentang Maksud dan Tujuan serta Kegiatan Usaha
Perusahaan dengan memperhatikan implementasi Klasifikasi Baku Lapangan Usaha Indonesia
(KBLI) 2020 serta melakukan penghapusan Pasal 20 mengenai Dewan Pengawas Syariah.
b. Memberikan kuasa kepada Direksi Perseroan dengan hak substitusi untuk melakukan segala
tindakan yang diperlukan berkaitan dengan keputusan mata acara rapat ini, termasuk namun
tidak terbatas untuk menyusun dan menyatakan kembali seluruh Anggaran Dasar Perusahaan
dalam suatu Akta Notaris, dan untuk memberitahukan dan/atau mengajukan permohonan
persetujuan atas perubahan Anggaran Dasar Perusahaan tersebut kepada Kementerian Hukum
Republik Indonesia dan instansi-instansi terkait, dan untuk melaksanakan tindakan lainnya yang
mungkin diperlukan tanpa ada yang dikecualikan.
1. Approved amendments to the Company’s Articles of Association, effective after the business Have been fully realized.
license resulting from the Spin-Off of the Sharia Business Unit is issued by the Financial Services
Authority, as follows:
a. Amended Article 3 of the Company’s Articles of Association on the Company’s purposes,
objectives, and business activities by considering the implementation of the 2020 Indonesian
Standard Industrial Classification (KBLI), and deleting Article 20 on the Sharia Supervisory Board.
b. Authorized to the Company’s Board of Directors, with substitution rights, to carry out all actions
necessary in connection with the resolutions under this agenda item, including but not limited
to restating the entire Articles of Association of the Company in a Notarial Deed, notifying
and/or submitting an application for approval of such amendments to the Articles of Association
to the Ministry of Law of the Republic of Indonesia and relevant authorities, and carrying out any
other necessary actions without exception.
PT MSIG Life Insurance Indonesia Tbk 162 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Keputusan Realisasi
Resolutions Realization
6. Persetujuan atas perubahan susunan manajemen setelah pemisahan Unit Usaha Syariah.
Approval of changes to the management composition following the spin-off of the Sharia Business Unit.
1. Menyetujui pemberhentian dengan hormat seluruh anggota Dewan Pengawas Syariah Perseroan Telah direalisasikan sepenuhnya.
serta memberikan pelunasan dan pembebasan tanggung jawab (acquit et de charge) sepenuhnya
selama menjalankan jabatannya sepanjang tindakan-tindakan tersebut tercermin dalam buku-buku
perusahaan dan tidak bertentangan atau melanggar peraturan perundang-undangan yang berlaku
serta mengucapkan terima kasih atas sumbangsih dan jasa-jasa yang telah diberikan, yang efektif
setelah berlakunya Izin Usaha Hasil Pemisahaan Unit Usaha Syariah diterbitkan oleh Otoritas Jasa
Keuangan.
2. Menegaskan kembali susunan anggota Direksi dan Dewan Komisaris Perseroan setelah berlakunya
Izin Usaha Hasil Pemisahaan Unit Usaha Syariah yang diterbitkan oleh Otoritas Jasa Keuangan
adalah sebagai berikut:
Dewan Komisaris
Presiden Komisaris : Indra Widjaja
Komisaris : Hideaki Nomura
Komisaris : Kimitake Sugiura*
Komisaris Independen : Sidharta Akman
Komisaris Independen : Nazly Parlindungan Siregar
Komisaris Independen : Teuku Radja Sjahnan*
Direksi
Presiden Direktur : Wianto
Wakil Presiden Dirketur : Tomoyuki Monden
Direktur : Herman Sulistyo
Direktur : Ken Terada
Direktur : Eiji Takahashi
Direktur : Elly Susanti
* Berlaku efektif terhitung sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa
Keuangan.
3. Memberikan kuasa dengan hak substitusi kepada Direksi Perseroan untuk menyatakan
kembali seluruh maupun sebagian keputusan rapat ini ke dalam akta notaris dan selanjutnya
memberitahukan susunan pengurus perusahaan tersebut kepada Kementerian Hukum Republik
Indonesia maupun instansi-instansi lainnya, serta melakukan segala tindakan yang diperlukan
sesuai dengan ketentuan peraturan perundang-undangan yang berlaku.
1. Approved the honorable dismissal of all members of the Company’s Sharia Supervisory Board and Have been fully realized.
granted full release and discharge (acquit et de charge) for the performance of their duties, to
the extent such actions are reflected in the company’s records and do not conflict with or violate
applicable laws and regulations, and to express appreciation for their contributions and services,
effective upon the issuance of the Business License Resulting from the Spin‑Off of the Sharia
Business Unit by the Financial Services Authority.
2. Reaffirmed the composition of the Company’s Board of Directors and Board of Commissioners
after the issuance of the Business License Resulting from the Spin‑Off of the Sharia Business Unit
by the Financial Services Authority, which shall be as follows:
Board of Commissioners
President Commissioner : Indra Widjaja
Commissioner : Hideaki Nomura
Commissioner : Kimitake Sugiura*
Independent Commissioner : Sidharta Akman
Independent Commissioner : Nazly Parlindungan Siregar
Independent Commissioner : Teuku Radja Sjahnan*
Board of Directors
President Director : Wianto
Deputy President Director : Tomoyuki Monden
Director : Herman Sulistyo
Director : Ken Terada
Director : Eiji Takahashi
Director : Elly Susanti
* Effective as of the date declared to have passed the Fit and Proper Test by the Financial Services
Authority.
3. Authorized, with substitution rights, the Company’s Board of Directors, to restate the entire or
part of these meeting resolutions in a notarial deed and subsequently notify the composition of
the Company’s management to the Ministry of Law and Human Rights of the Republic of Indonesia
and other relevant authorities, and take all necessary actions according to the provisions of
applicable laws and regulations.
2025 Annual Report 163 PT MSIG Life Insurance Indonesia Tbk
Page 166
Tata Kelola Perusahaan
Good Corporate Governance
Tindak Lanjut Keputusan RUPS Tahun 2024 Follow-up of 2024 GMS Resolutions
Pada tahun 2024, Perseroan melaksanakan 1 kali RUPS Tahunan In 2024, the Company held 1 Annual GMS on June 25, 2024,
pada tanggal 25 Juni 2024 di Sinarmas Land Plaza, Tower II, at Sinarmas Land Plaza, Tower II, 39th Fl, Jl. M.H. Thamrin
Lt. 39, Jl. M.H. Thamrin No. 51, Jakarta Pusat. RUPS tersebut No. 51, Central Jakarta. The GMS was attended by
dihadiri oleh 1.684.466.750 Pemegang Saham atau 80,21% dari 1,684,466,750 Shareholders, representing 80.21% of the total
total 2.100.000.000 saham serta pihak independen, yaitu Biro 2,100,000,000 shares, as well as independent parties, namely
Administrasi Efek PT Sinartama Gunita dan Notaris Novitas Share Registrar Bureau PT Sinartama Gunita and Notary
Puspitarini, S.H., untuk melakukan proses perhitungan suara Novitas Puspitarini, S.H., who oversaw the vote‑counting
dan/atau validasi. Adapun seluruh keputusan RUPS Tahunan and/or validation process. All resolutions of the 2024 Annual
2024 telah direalisasikan sepenuhnya sesuai dengan hasil yang GMS have been fully realized in accordance with the agreed
telah disepakati bersama. results.
Agenda RUPS Tahunan 25 Juni 2024 Agenda of Annual GMS dated June 25, 2024
1. Persetujuan Laporan Tahunan Perusahaan yang telah 1. Approval of the Company’s Annual Report, which has
ditelaah oleh Dewan Komisaris, termasuk Laporan Tugas been reviewed by the Board of Commissioners, including
Pengawasan Dewan Komisaris dan Pengesahan Laporan the Board of Commissioners’ Supervisory Report, and
Keuangan Perseroan untuk tahun buku yang berakhir pada Ratification of the Company’s Financial Statements for
tanggal 31 Desember 2023. the financial year ended on December 31, 2023.
2. Persetujuan penetapan penggunaan laba bersih 2. Approval of the utilization of the Company’s net profit for
Perseroan untuk tahun buku yang berakhir pada tanggal the financial year ending on December 31, 2023.
31 Desember 2023.
3. Persetujuan pendelegasian wewenang kepada Dewan 3. Approval of the delegation of authority to the Board of
Komisaris atas usulan Komite Nominasi dan Remunerasi Commissioners upon the proposal of the Company’s
Perseroan mengenai penetapan gaji, tunjangan, tantiem, Nomination and Remuneration Committee regarding
dan/atau bonus kepada para anggota Direksi dan Dewan the determination of salaries, allowances, profit shares,
Komisaris Perseroan untuk tahun buku 2024. and/or bonuses for the members of the Company’s Board
of Directors and Board of Commissioners for the 2024
financial year.
4. Persetujuan pendelegasian wewenang kepada Dewan 4. Approval of the delegation of authority to the Company’s
Komisaris Perseroan untuk menunjuk Akuntan Publik yang Board of Commissioners to appoint a Public Accountant
akan memeriksa Laporan Keuangan Perusahaan tahun to audit the Company’s Financial Statements for the 2024
buku 2024. financial year.
5. Persetujuan atas pengangkatan kembali anggota Dewan 5. Approval of the reappointment of the members of
Komisaris dan Direksi (sebagaimana disetujui oleh Komite the Board of Directors, Board of Commissioners, and
Nominasi dan Remunerasi). Sharia Supervisory Board (as approved by the Nomination
and Remuneration Committee).
PT MSIG Life Insurance Indonesia Tbk 164 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Dewan Komisaris
Board of Commissioners
Dewan Komisaris berperan sebagai organ pengawas yang The Board of Commissioners serves as the supervisory body,
menjalankan fungsi sesuai Anggaran Dasar, sekaligus carrying out its functions in accordance with the Articles
memberikan arahan dan nasihat kepada Direksi dalam of Association, while also providing guidance and advice to
pengelolaan perusahaan. Seluruh anggotanya diangkat melalui the Board of Directors in managing the Company. All members
keputusan RUPS dan memiliki tanggung jawab langsung are appointed under the GMS resolutions and are directly
kepada RUPS sebagai representasi Pemegang Saham. accountable to the GMS as the representative of Shareholders.
Pedoman Kerja Dewan Komisaris Board of Commissioners Charter
Dalam menjalankan fungsi pengawasan, Dewan Komisaris In performing its supervisory function, the Board of
berpedoman pada aturan kerja yang mengatur keanggotaan, Commissioners adheres to a charter that regulates membership,
mekanisme pengangkatan dan pemberhentian, rangkap jabatan, appointment and dismissal mechanisms, concurrent positions,
lingkup tugas, wewenang, serta tata cara penyelenggaraan scope of duties, authorities, and procedures for conducting
rapat, yang terakhir diperbarui pada 31 Desember 2025. meetings, which was lastly updated on December 31, 2025.
Tugas dan Tanggung Jawab Duties and Responsibilities of the Board
Dewan Komisaris of Commissioners
Informasi mengenai tugas dan tanggung jawab Dewan Information on the Board of Commissioners’ duties and
Komisaris berdasarkan pedoman kerja diuraikan sebagai berikut: responsibilities based on its charter is outlined as follows:
1. Mengawasi kebijakan dan jalannya pengurusan Perseroan 1. To supervise the Company’s policies and management and
serta memberi nasihat kepada Direksi; provide advice to the Board of Directors;
2. Menyelenggarakan RUPS Tahunan maupun RUPS lainnya 2. To organize Annual GMS and other GMS according to
sesuai peraturan dan Anggaran Dasar; the laws and regulations and the Articles of Association;
3. Menjalankan tugas dengan iktikad baik, penuh tanggung 3. To perform its duties and responsibilities in good faith
jawab, dan kehati-hatian; with full responsibility and prudence;
4. Melaksanakan pengawasan dan pemberian nasihat demi 4. To supervise and provide advice for the Company’s
kepentingan Perseroan sesuai tujuan usaha; interest according to its business objectives;
5. Mendorong penerapan prinsip GCG melalui pengawasan 5. To promote the implementation of GCG principles through
dan pemberian nasihat yang efektif dan bernilai tambah; effective and value-added supervision and advice;
6. Membentuk komite sesuai ketentuan, antara lain Komite 6. To establish committees in line with applicable provisions,
Audit, Nominasi dan Remunerasi, Pemantau Risiko, among others, Audit Committee, Nomination and
Kebijakan Tata Kelola, serta komite lain yang relevan; Remuneration, Risk Oversight, Governance Policy
Committee, and other relevant committees;
7. Mengevaluasi kinerja Komite yang mendukung pelaksanaan 7. To evaluate the performance of committees that support
tugas pengawasan; dan the execution of its supervisory duties; and
8. Memenuhi kebutuhan Dewan Pengawas Syariah dalam 8. To fulfill the needs of the Sharia Supervisory Board in
penggunaan anggota Komite pendukung. assigning members of its supporting Committees.
Tugas dan Wewenang Presiden Komisaris Duties and Authorities of the President
Commissioner
Di samping tugas dan tanggung jawab yang melekat pada In addition to the duties and responsibilities inherent to
Dewan Komisaris, terdapat tugas dan tanggung jawab khusus the Board of Commissioners, the President Commissioner has
bagi Presiden Komisaris sebagai berikut: specific duties and responsibilities as follows:
1. Memimpin Dewan Komisaris dalam melaksanakan fungsi 1. Lead the Board of Commissioners in carrying out its
pengawasan: dan supervisory function; and
2025 Annual Report 165 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
2. Memimpin rapat Dewan Komisaris, rapat Dewan Komisaris 2. Chair the Board of Commissioners’ meetings, joint meetings
bersama Direksi (rapat gabungan), serta RUPS, namun with the Board of Directors, and GMS, however, it can be
dapat digantikan oleh anggota Dewan Komisaris lainnya substituted by another member of the Board of
sepanjang diatur dalam Anggaran Dasar Perusahaan Commissioners as stipulated in the Company’s Articles of
maupun peraturan perundang-undangan lainnya. association or other applicable regulations.
Komposisi Dewan Komisaris Composition of the Board of
Commissioners
Komposisi Dewan Komisaris ditetapkan sesuai dengan The Board of Commissioners’ composition is determined in
Anggaran Dasar Perseroan, yang mencakup Presiden line with the Company’s Articles of Association, comprising
Komisaris, anggota Komisaris, serta Komisaris Independen. President Commissioner, Commissioners, and Independent
Paling sedikit separuh dari jajaran tersebut merupakan Commissioners. At least half of the composition shall consist
Komisaris Independen, sementara setidaknya setengah dari of Independent Commissioners, while at least half of the total
total anggota wajib berdomisili di Indonesia. Struktur ini members must be domiciled in Indonesia. This structure is
dirancang untuk menjaga keseimbangan peran, memastikan designed to maintain a balance of roles, ensure independence,
independensi, dan memperkuat efektivitas fungsi pengawasan. and strengthen the effectiveness of supervisory function.
Seluruh anggota Dewan Komisaris yang menjabat telah All current members of the Board of Commissioners have
memenuhi peraturan yang berlaku serta lulus penilaian complied with applicable regulations and successfully passed
kelayakan dan kepatutan (fit and proper test) dari Otoritas Jasa the fit and proper test conducted by the Financial Services
Keuangan, sebagaimana diuraikan berikut: Authority, as outlined below:
Dasar Hukum
Periode
Pengangkatan
Nama Jabatan Persetujuan Otoritas Jasa Keuangan Menjabat
Terakhir Kali
Name Position Financial Services Authority Approval Term of
Legal Basis for the
Office
Last Appointment
Keputusan Ketua Badan Pengawas Pasar Modal dan
Akta No. 31 Lembaga Keuangan No. KEP-191/BL/2007 tanggal
Presiden Komisaris tanggal 24 Juni 2025 18 Juni 2007
Indra Widjaja 2025-2027
President Commissioner Deed No. 31 The Decision of Chairman of Capital Market
dated June 24, 2025 and Financial Institutions Supervisory Agency
No. KEP-191/BL/2007 dated June 18, 2007
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 31 Keuangan No. KEP-91/KDK.05/2019 tanggal
Komisaris tanggal 24 Juni 2025 3 Oktober 2019
Hideaki Nomura 2025-2027
Commissioner Deed No. 31 The Decision of Financial Services Authority’s
dated June 24, 2025 Board of Commissioners No. KEP-91/KDK.05/2019
dated October 3, 2019
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 57 Keuangan No. KEP-34/D.05/2013 tanggal
Komisaris tanggal 27 Juni 2023 29 Mei 2013
Toshinari Tokoi1) 2023-2025
Commissioner Deed No. 57 The Decision of Financial Services Authority’s
dated June 27, 2023 Board of Commissioners No. KEP-34/D.05/2013
dated May 29, 2013
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 31 tanggal Keuangan No. KEP-684/PD.02/2025 tanggal
Komisaris 24 Juni 2025 19 Desember 2025
Kimitake Sugiura2) 2025-2027
Commissioner Deed No. 31 The Decision of Financial Services Authority’s
dated June 24, 2025 Board of Commissioners No. KEP-684/PD.02/2025
dated December 19, 2025
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 31 Keuangan No. KEP-14/D.05/2015 tanggal
Komisaris Independen
tanggal 24 Juni 2025 12 Februari 2015
Sidharta Akmam Independent 2025-2027
Deed No. 31 The Decision of Financial Services Authority’s
Commissioner
dated June 24, 2025 Board of Commissioners No. KEP-14/D.05/2015
dated February 12, 2015
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Tata Kelola Perusahaan
Good Corporate Governance
Dasar Hukum
Periode
Pengangkatan
Nama Jabatan Persetujuan Otoritas Jasa Keuangan Menjabat
Terakhir Kali
Name Position Financial Services Authority Approval Term of
Legal Basis for the
Office
Last Appointment
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 10 Keuangan No. KEP-58/KDK.05/2020 tanggal
Nazly Komisaris Independen
tanggal 25 Juni 2024 23 September 2020
Parlindungan Independent 2024-2026
Siregar Deed No. 10 The Decision of Financial Services Authority’s
Commissioner
dated June 25, 2024 Board of Commissioners No. KEP-58/KDK.05/2020
dated September 23, 2020
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 57 Keuangan No. KEP-81/D.05/2013 tanggal
Komisaris Independen
Ardhayadi tanggal 27 Juni 2023 15 Agustus 2013
Independent 2023-2025
Mitroatmodjo3) Deed No. 57 dated The Decision of Financial Services Authority’s
Commissioner
June 27, 2023 Board of Commissioners No. KEP-81/D.05/2013
dated August 15, 2013
Keputusan Dewan Komisioner Otoritas Jasa
Akta No. 31 Keuangan No. KEP-16/PD.02/2026 tanggal
Komisaris Independen
Teuku Radja tanggal 24 Juni 2025 21 Januari 2026
Independent 2025-2027
Sjahnan4) Deed No. 31 The Decision of Financial Services Authority’s
Commissioner
dated June 24, 2025 Board of Commissioners No. KEP-16/PD.02/2026
dated January 21, 2026
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on December 19, 2025.
3)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
Komisaris Independen Independent Commissioners
Komisaris Independen memiliki peran penting dalam Independent Commissioners play an important role in
menjaga kualitas pengawasan yang objektif serta maintaining the quality of objective supervision and ensuring
memastikan keseimbangan dalam pengambilan keputusan balance in strategic decision‑making. In accordance with
strategis. Berdasarkan Peraturan Otoritas Jasa Keuangan Financial Services Authority Regulation No. 33/POJK.04/2014,
No. 33/POJK.04/2014, Perseroan wajib memiliki sedikitnya 30% the Company is required to have at least 30% Independent
Komisaris Independen dari total anggota Dewan Komisaris. Commissioners out of the total members of the Board of
Pada tahun 2025, ketentuan tersebut telah terpenuhi dengan Commissioners. In 2025, this requirement was fulfilled with
3 Komisaris Independen dari total 6 anggota Dewan Komisaris, 3 Independent Commissioners out of 6 members of
yaitu Sidharta Akmam, Nazly Parlindungan Siregar, dan the Board of Commissioners, namely Sidharta Akmam,
Teuku Radja Sjahnan*. Nazly Parlindungan Siregar, and Teuku Radja Sjahnan*.
* Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan. / Effectively in position upon being declared to have passed the Fit
and Proper Test by the Financial Services Authority.
Pernyataan Independensi Declaration of Independence of
Komisaris Independen Independent Commissioners
Komisaris Independen berperan sebagai pengawas yang Independent Commissioners act as neutral supervisors,
netral, memastikan keputusan Perseroan sejalan dengan ensuring that the Company’s decisions are aligned with
kepentingan seluruh Pemegang Saham. Dengan begitu, the interests of all Shareholders. Accordingly, Independent
Komisaris Independen harus memenuhi kriteria yang menjamin Commissioners must meet criteria that guarantee their
independensinya melalui pernyataan, yang meliputi: independence through a formal statement, which includes:
1. Tidak memiliki saham Perseroan baik langsung maupun 1. Do not own shares of the Company, either directly or
tidak langsung; indirectly;
2. Tidak memiliki hubungan usaha baik langsung maupun 2. Do not have a direct or indirect business relationship
tidak langsung yang berkaitan dengan kegiatan Perseroan; related to the Company’s Activities;
3. Tidak memiliki hubungan afiliasi dengan anggota Direksi, 3. Do not have affiliation with any member of the Board
anggota Dewan Komisaris lainnya, anggota Dewan of Directors, any other member of the Board of
Pengawas Syariah, atau Pemegang Saham, atau yang Commissioners, any member of Sharia Supervisory Board,
setara pada perusahaan asuransi dan perusahaan asuransi or Shareholders, or their equivalent in insurance company
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Tata Kelola Perusahaan
Good Corporate Governance
syariah, dalam perusahaan asuransi dan perusahaan and sharia insurance company, in the same insurance
asuransi syariah yang sama; company and sharia insurance company;
4. Tidak pernah menjadi anggota Direksi, anggota Dewan 4. Has never been a member of the Board of Directors,
Komisaris, anggota Dewan Pengawas Syariah, atau member of the Board of Commissioners, or member of
menduduki jabatan 1 tingkat di bawah Direksi pada the Sharia Supervisory Board, or held a position 1 level
perusahaan asuransi dan Perseroan asuransi syariah yang below the Board of Directors in the same insurance
sama atau perusahaan lain yang memiliki hubungan afiliasi company and sharia insurance company or any other
dengan perusahaan asuransi dan perusahaan asuransi company affiliated with that insurance company and
syariah tersebut dalam jangka waktu 6 bulan terakhir; sharia insurance company within the last 6 months;
5. Memahami peraturan perundang-undangan di bidang 5. Understands the laws and regulations in insurance sector
perasuransian dan peraturan perundang-undangan lain and other relevant laws and regulations;
yang relevan;
6. Memiliki pengetahuan yang baik mengenai kondisi 6. Have a good knowledge of the financial condition of
keuangan perusahaan asuransi dan perusahaan asuransi the insurance company and the sharia insurance company
syariah tempat Komisaris Independen menjabat; where the Independent Commissioner serves;
7. Memiliki pengetahuan yang baik mengenai kepentingan 7. Have a good knowledge of the interests of policyholders,
pemegang polis, tertanggung, peserta, dan/atau pihak the insured, participants, and/or parties entitled to
yang berhak memperoleh manfaat; dan benefits; and
8. Warga Negara Indonesia dan berdomisili di Indonesia. 8. Is an Indonesian Citizen and domiciled in Indonesia.
Dengan landasan tersebut, Komisaris Independen mampu Based on the aforementioned basis, Independent Commissioners
memberikan penilaian dan nasihat yang tidak memihak are able to provide impartial assessments and advice while
serta mendukung tata kelola berkelanjutan. Seluruh supporting sustainable governance. All currently serving
anggota Komisaris Independen yang saat ini menjabat telah Independent Commissioners have declared compliance with
menyatakan kepatuhan terhadap kriteria independensi yang the applicable independence criteria.
berlaku.
Pelaksanaan Tugas Komisaris Independen Implementation of Independent
Commissioners’ Duties
Berdasarkan Peraturan Otoritas Jasa Keuangan In accordance with the Financial Services Authority Regulation
No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang No. 73/POJK.05/2016 on Good Corporate Governance for
Baik bagi Perusahaan Perasuransian, Komisaris Independen Insurance Companies, Independent Commissioners are
wajib menyusun laporan tahunan terkait pelaksanaan tugasnya required to prepare an annual report on the execution of
untuk disampaikan kepada regulator. Laporan pelaksanaan their duties to be submitted to the regulator. The report on
tugas Komisaris Independen Perseroan tahun 2025 telah the implementation of duties of the Company’s Independent
disampaikan melalui Laporan Tahunan Penerapan Tata Kelola Commissioners for 2025 has been submitted through
Perusahaan kepada Otoritas Jasa Keuangan. the Annual Report on the Implementation of Corporate
Governance to the Financial Services Authority.
Kepemilikan Saham Dewan Komisaris Share Ownership of the Board of
Commissioners
Sesuai dengan ketentuan Peraturan Otoritas Jasa Keuangan In line with the Financial Services Authority Regulation
No. 73/POJK.05/2016, Dewan Komisaris diwajibkan No. 73/POJK.05/2016, the Board of Commissioners is
mengungkapkan kepemilikan saham sebesar 5% atau lebih, required to disclose share ownership of 5% or more, either in
baik di Perseroan maupun di perusahaan perasuransian lain, the Company or in other insurance companies, both domestic
baik domestik maupun internasional, sebagai bagian dari and international, as part of the transparency principle in
prinsip transparansi dalam penerapan GCG. Hal ini dilakukan implementing GCG. This disclosure is intended to maintain
untuk menjaga integritas, independensi, dan mencegah integrity, ensure independence, and prevent conflicts of
benturan kepentingan yang dapat memengaruhi pengambilan interest that could affect strategic decision‑making within
keputusan strategis di Perseroan. the Company.
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Tata Kelola Perusahaan
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Seluruh anggota Dewan Komisaris Perseroan yang saat ini All currently serving members of the Company’s Board of
menjabat tidak memiliki kepemilikan saham, baik di Perseroan Commissioners do not hold any shares, either in the Company
maupun di lembaga keuangan lainnya. or in other financial institutions.
Rapat Dewan Komisaris Board of Commissioners’ Meetings
Kebijakan Rapat Meeting Policy
Dewan Komisaris menyelenggarakan rapat secara berkala The Board of Commissioners holds meetings regularly in
sesuai Pedoman Kerja, minimal 1 kali setiap bulan, termasuk accordance with its Charter, at least 1 meeting a month,
setidaknya 4 rapat tahunan bersama Direksi dan 1 rapat including a minimum of 4 joint meetings with the Board of
dengan auditor eksternal untuk membahas audit serta Directors each year and 1 meeting with the external auditor to
pengawasan keuangan. Sebelum pelaksanaan pemisahan discuss audits and financial supervision. Prior to the spin‑off
Unit Usaha Syariah, Dewan Komisaris juga mengadakan of the Sharia Business Unit, the Board of Commissioners also
rapat bersama Dewan Pengawas Syariah guna memastikan held meetings with the sharia Supervisory Board to ensure
kepatuhan operasional terhadap prinsip syariah, yang dapat operational compliance with Sharia principles. These meetings
dilakukan secara langsung maupun melalui telekonferensi may be conducted either in person or via teleconference,
dengan tetap menjaga keabsahan setiap keputusan. while maintaining the validity of all decisions.
Pelaksanaan Rapat Implementation of Meetings
Tingkat kehadiran Dewan Komisaris dalam setiap rapat di The attendance rate of the Board of Commissioners at
tahun 2025 diuraikan sebagai berikut: meetings throughout 2025 is presented as follows:
Rapat Dewan Komisaris Rapat Gabungan dengan Direksi
Board of Commissioners’ Meeting Joint Meetings with the Board of Directors
Nama Jabatan Total Total
Name Position Total Rapat Kehadiran Total Rapat Kehadiran
Kehadiran Kehadiran
Number of Attendance Number of Attendance
Total (%) Total (%)
Meeting Meeting
Attendance Attendance
Presiden Komisaris
Indra Widjaja 12 12 100 6 6 100
President Commissioner
Komisaris
Hideaki Nomura 12 12 100 6 6 100
Commissioner
Komisaris
Toshinari Tokoi1) 6 6 100 3 3 100
Commissioner
Komisaris
Kimitake Sugiura2) 1 1 100 - - -
Commissioner
Komisaris Independen
Sidharta Akmam 12 12 100 6 6 100
Independent Commissioner
Nazly
Komisaris Independen
Parlindungan 12 12 100 6 6 100
Independent Commissioner
Siregar
Ardhayadi Komisaris Independen
6 6 100 3 3 100
Mitroatmodjo3) Independent Commissioner
Teuku Radja Komisaris Independen
- - - - - -
Sjahnan4) Independent Commissioner
Rata-Rata Kehadiran
100 100
Average Attendance
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on December 19, 2025.
3)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
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Tata Kelola Perusahaan
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Rapat Gabungan dengan
Rapat Gabungan dengan
Dewan Pengawas Syariah
Auditor Eksternal
Joint Meetings with
Joint Meetings with External Auditor
Nama Jabatan Sharia Supervisory Board
Name Position Total Total
Total Rapat Kehadiran Total Rapat Kehadiran
Kehadiran Kehadiran
Number of Attendance Number of Attendance
Total (%) Total (%)
Meeting Meeting
Attendance Attendance
Presiden Komisaris
Indra Widjaja 2 2 100 1 1 100
President Commissioner
Komisaris
Hideaki Nomura 2 2 100 1 1 100
Commissioner
Komisaris
Toshinari Tokoi1) 1 1 100 1 1 100
Commissioner
Komisaris
Kimitake Sugiura2) - - - - - -
Commissioner
Komisaris Independen
Sidharta Akmam 2 2 100 1 1 100
Independent Commissioner
Nazly
Komisaris Independen
Parlindungan 2 2 100 1 1 100
Independent Commissioner
Siregar
Ardhayadi Komisaris Independen
1 1 100 1 1 100
Mitroatmodjo3) Independent Commissioner
Teuku Radja Komisaris Independen
- - - - - -
Sjahnan4) Independent Commissioner
Rata-Rata Kehadiran
100 100
Average Attendance
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on December 19, 2025.
3)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
Informasi terkait kehadiran Dewan Komisaris pada RUPS Information on the attendance of the Board of Commissioners
Tahun 2025 dapat dilihat pada uraian Rapat Umum Pemegang at the 2025 GMS can be found in the description of the General
Saham. Meeting of Shareholders.
Pelaksanaan Tugas Dewan Komisaris Implementation of the Board of
Commissioners’ Duties
Sepanjang tahun 2025, Dewan Komisaris telah melaksanakan Throughout 2025, the Board of Commissioners actively and
fungsi pengawasan dan pemberian nasihat kepada Direksi continuously carried out its supervisory and advisory functions
secara aktif dan berkesinambungan, yang antara lain tercermin to the Board of Directors, as reflected in the following matters:
dalam hal-hal sebagai berikut:
1. Pengunduran diri anggota Direksi; 1. Resignation of members of the Board of Directors;
2. Pengangkatan anggota Direksi baru; 2. Appointment of new members of the Board of Directors;
3. RUPS Luar Biasa tanggal 22 April 2025, termasuk 3. Extraordinary GMS dated April 22, 2025, including
penyusunan perubahan agenda rapat; preparation of amendments to the meeting agenda;
4. Pengumuman ringkasan rencana pemisahan unit syariah; 4. Announcement of the summary of the sharia unit spin-off
plan;
5. Pembaruan Piagam dan Pedoman Audit Internal; 5. Updates to the Internal Audit’s Charter and Guidelines;
6. Penyelesaian pemeriksaan pajak tahun buku 2020; 6. Completion of the 2020 fiscal year tax audit;
7. Pembagian dividen Perseroan tahun 2024; 7. Distribution of the Company’s 2024 dividends;
8. Pengangkatan kembali anggota Dewan Komisaris untuk 8. Reappointment of members of the Board of
masa jabatan baru; Commissioners for a new term of office;
9. Pengangkatan anggota Dewan Komisaris baru; 9. Appointment of new members of the Board of
Commissioners;
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Tata Kelola Perusahaan
Good Corporate Governance
10. Perubahan susunan komite pendukung Dewan Komisaris; 10. Changes in the composition of supporting committees of
the Board of Commissioners;
11. Pengangkatan kembali anggota Komite Audit; 11. Reappointment of members of the Audit Committee;
12. Perubahan kebijakan manajemen risiko dan pernyataan 12. Amendments to risk management policies and the 2025
risk appetite 2025; risk appetite statement;
13. RUPS Luar Biasa tanggal 23 september 2025; 13. Extraordinary GMS dated September 23, 2025;
14. Penunjukan auditor Dana Pensiun Lembaga Keuangan 14. Appointment of the Financial Institution Pension Fund
(DPLK); (DPLK) auditor;
15. Key Performance Indicator Perseroan tahun 2025 dengan 15. Determination of the Company’s 2025 Key Performance
menggunakan pendekatan International Financial Indicators using the International Financial Reporting
Reporting Standards (IFRS) 17; Standards (IFRS) 17 approach;
16. Realisasi Rencana Bisnis semester I 2025 dan laporan 16. Realization of the semester I 2025 Business Plan and
pengawasan; supervisory report;
17. Perpanjangan perjanjian sewa kantor pusat; dan 17. Extension of the head office lease agreement; and
18. Laporan Rencana Bisnis 2026 untuk penyampaian kepada 18. 2026 Business Plan report for submission to the Financial
Otoritas Jasa Keuangan, termasuk Rencana Aksi Keuangan Services Authority, including the Sustainable Finance
Berkelanjutan (RAKB) – Asuransi. Action Plan (RAKB) – Insurance.
Penilaian Kinerja Dewan Komisaris Board of Commissioners’ Performance
Assessment
Prosedur dan Pihak yang Melakukan Penilaian Procedure and Assessor
Penilaian kinerja Dewan Komisaris dilaksanakan setiap tahun The Board of Commissioners’ performance assessment is
melalui mekanisme mandiri oleh setiap anggota untuk conducted annually through a self‑assessment mechanism by
menilai pencapaian target kinerja yang telah ditetapkan. Hasil each member to measure the achievement of predetermined
penilaian individual ini kemudian dievaluasi secara kolektif, performance targets. The results of these individual
dengan memperhatikan rekomendasi dari Komite Nominasi assessments are then collectively evaluated, while also
dan Remunerasi. Hasil penilaian tersebut menjadi acuan dalam considering recommendations from the Nomination and
penentuan skema kompensasi, insentif, serta pertimbangan Remuneration Committee. The assessment results serve as
pengangkatan atau pemberhentian anggota, sekaligus a reference in determining compensation schemes, incentives,
mendukung peningkatan efektivitas pelaksanaan tugas dan and considerations for the appointment or dismissal of
tanggung jawab Dewan Komisaris. members, while also supporting the increased effectiveness
of the Board of Commissioners in carrying out its duties and
responsibilities.
Kriteria yang Digunakan Criteria Used
Kriteria penilaian kinerja anggota Dewan Komisaris terdiri dari: The performance assessment criteria for members of the Board
of Commissioners consist of:
1. Penetapan dan pencapaian Key Performance Indicators 1. Establishment and achievement of Key Performance
yang dirancang pada awal tahun sebagai tolok ukur kinerja Indicators designed at the beginning of the year as
Dewan Komisaris; benchmarks for the Board of Commissioners’ performance;
2. Tingkat partisipasi anggota dalam rapat Dewan Komisaris, 2. Level of participation in Board of Commissioners’ meetings,
rapat koordinasi, serta pertemuan dengan komite-komite coordination meetings, and meetings with supporting
pendukung; committees;
3. Kontribusi aktif dalam melaksanakan fungsi pengawasan 3. Active contribution in carrying out supervisory functions
atas seluruh kegiatan operasional dan strategis Perseroan; over all operational and strategic activities of the Company;
4. Keterlibatan dalam penugasan khusus atau proyek 4. Involvement in special assignments or specific projects
tertentu yang menjadi tanggung jawab Dewan Komisaris; under the responsibility of the Board of Commissioners;
5. Komitmen konsisten untuk mengutamakan kepentingan 5. Consistent commitment to prioritizing the Company’s
dan keberlanjutan Perseroan; dan interests and sustainability; and
6. Kepatuhan terhadap ketentuan peraturan perundang- 6. Compliance with applicable laws and regulations, Articles
undangan, Anggaran Dasar, keputusan RUPS, serta of Association, GMS resolutions, and internal policies of
kebijakan internal Perseroan. the Company.
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Penilaian Kinerja Performance Assessment Results
Pada tahun 2025, Dewan Komisaris telah melaksanakan peran In 2025, the Board of Commissioners performed its roles
dan tanggung jawab secara profesional sesuai pedoman kerja and responsibilities professionally in accordance with
yang berlaku, tercermin melalui kualitas dan konsistensi the prevailing charter, as reflected in the quality and
nasihat, rekomendasi, serta saran strategis kepada Direksi, consistency of its advice, recommendations, and strategic
seiring dengan pencapaian kinerja Perseroan sepanjang tahun. input to the Board of Directors, in line with the Company’s
performance achievements throughout the year.
Dewan Komisaris juga telah menyampaikan Laporan The Board of Commissioners also submitted Supervisory
Pengawasan atas Realisasi Rencana Bisnis Perseroan kepada Reports on the Realization of the Company’s Business
Otoritas Jasa Keuangan setiap semester. Selain itu, Komisaris Plan to the Financial Services Authority every semester. In
Independen telah melaksanakan tugas dengan baik, yang addition, the Independent Commissioners carried out their
tercermin dalam Laporan Tahunan Pelaksanaan Tugas yang duties effectively, as reflected in the Annual Report on
menjadi bagian dari Laporan Tahunan Tata Kelola Perusahaan. the Implementation of Duties, which forms part of
the Company’s Annual Corporate Governance Report.
Penilaian Kinerja Komite Pendukung Performance Assessment of the Board of
Dewan Komisaris Commissioners’ Supporting Committee
Prosedur dan Pihak yang Melakukan Penilaian Procedure and Assessor
Dewan Komisaris secara berkala menilai kinerja komite The Board of Commissioners regularly assesses the performance
pendukung untuk mengevaluasi pencapaian target, of its supporting committees to evaluate target achievement,
pelaksanaan tugas, dan memberikan rekomendasi peningkatan task execution, and provides recommendations for improvement
pada aspek yang belum optimal. Penilaian ini didasarkan pada in suboptimal aspects. This assessment is based on the annual
hasil laporan pelaksanaan tanggung jawab masing-masing responsibility reports submitted by each committee to
komite sepanjang tahun kepada Dewan Komisaris. Proses the Board of Commissioners. The process is conducted under
tersebut dilakukan dengan pengawasan langsung untuk direct supervision to ensure performance effectiveness and
memastikan efektivitas kinerja sekaligus kepatuhan terhadap compliance with applicable regulations.
ketentuan yang berlaku.
Kriteria yang Digunakan Criteria Used
Kinerja Komite Audit, Komite Pemantau Risiko, Komite The performance of the Audit Committee, Risk Oversight
Kebijakan Tata Kelola Perusahaan, serta Komite Nominasi Committee, Corporate Governance Policy Committee, and
dan Remunerasi dinilai berdasarkan kriteria umum, meliputi Nomination and Remuneration Committee is assessed using
efektivitas pelaksanaan tugas dan tanggung jawab, kehadiran general criteria, including the effectiveness in carrying out
serta partisipasi aktif dalam rapat, serta kualitas rekomendasi duties and responsibilities, attendance and active participation
dan masukan yang disampaikan kepada Dewan Komisaris. in meetings, as well as the quality of recommendations and
input provided to the Board of Commissioners.
Hasil Penilaian Kinerja Performance Assessment Results
Sepanjang tahun 2025, Dewan Komisaris menilai kinerja Throughout 2025, the Board of Commissioners assessed
Komite Audit, Komite Pemantau Risiko, Komite Kebijakan Tata the performance of the Audit Committee, Risk Oversight
Kelola Perusahaan, serta Komite Nominasi dan Remunerasi. Committee, Corporate Governance Policy Committee, and
Hasil evaluasi menunjukkan bahwa seluruh komite telah Nomination and Remuneration Committee. The assessment
melaksanakan tugas dan tanggung jawabnya secara efektif results indicated that all committees carried out their duties
dan profesional. and responsibilities effectively and professionally.
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Tata Kelola Perusahaan
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Dewan Pengawas Syariah
Sharia Supervisory Board
Dewan Pengawas Syariah (DPS) merupakan organ Perseroan The Sharia Supervisory Board (SSB) is a Company’s organ
yang menjalankan fungsi pengawasan atas kepatuhan kegiatan responsible for supervising compliance of business activities
usaha terhadap prinsip syariah sebagaimana ditetapkan dalam with sharia principles, as stipulated in Law No. 40 of 2014 on
Undang-Undang No. 40 Tahun 2014 tentang Perasuransian Insurance and Article 35 paragraph (1) of Financial Services
serta Pasal 35 ayat (1) Peraturan Otoritas Jasa Keuangan Authority Regulation No. 73/POJK.05/2016. Members of
No. 73/POJK.05/2016. Anggota DPS diangkat oleh RUPS the SSB are appointed by the GMS based on recommendations
berdasarkan rekomendasi Dewan Syariah Nasional Majelis from the National Sharia Council of Indonesian Ulema Council. In
Ulama Indonesia. Sehubungan dengan dihapuskannya DPS connection with the dissolution of the SSB from the Company’s
dari struktur Perseroan per 23 September 2025, maka masa structure effective on September 23, 2025, the tenure and
berlaku dan fungsi organ tersebut dinyatakan berakhir. function of this organ were declared terminated.
Pedoman Kerja Dewan Pengawas Syariah Sharia Supervisory Board Charter
Dewan Pengawas Syariah menjalankan tugas berlandaskan The Sharia Supervisory Board carried out its duties based
pedoman kerja yang diperbarui pada 27 Juni 2023, yang on the charter updated on June 27, 2023, which regulates
mengatur keanggotaan, mekanisme pengangkatan, kewenangan, membership, appointment mechanisms, authorities, and
hingga tata cara rapat. Pedoman ini berlaku sebagai acuan kerja meeting procedures. The charter serves as a reference
yang ditinjau secara berkala setiap 2 tahun atau sewaktu-waktu framework and is reviewed periodically every 2 years or as
sesuai kebutuhan. necessary.
Tugas dan Tanggung Jawab Duties and Responsibilities of
Dewan Pengawas Syariah the Sharia Supervisory Board
Dewan Pengawas Syariah berperan mengawasi sekaligus The Sharia Supervisory Board plays a role in supervising
memberikan nasihat kepada Direksi terkait seluruh kegiatan and providing advice to the Board of Directors regarding
usaha dengan prinsip syariah, terutama pada aspek-aspek all business activities conducted under sharia principles,
berikut: particularly in the following areas:
1. Pengelolaan kekayaan dan kewajiban, seperti dana 1. Management of assets and liabilities, such as tabarru
tabarru, dana tanahud, dana Perseroan, dan dana investasi funds, tanahud funds, the Company’s funds, and
peserta; participant’s investment funds;
2. Produk asuransi syariah yang dipasarkan; dan 2. Marketed sharia insurance products; and
3. Praktik pemasaran produk asuransi syariah. 3. Marketing practices of sharia insurance products.
Komposisi Dewan Pengawas Syariah Composition of the Sharia Supervisory
Board
Anggota Dewan Pengawas Syariah diangkat oleh RUPS Members of the Sharia Supervisory Board are appointed
berdasarkan rekomendasi Dewan Syariah Nasional–MUI dan by the GMS based on recommendations from the National
ditetapkan dalam akta notaris untuk masa jabatan 2 tahun. Sharia Council-MUI and are formalized in a notarial deed for
RUPS berwenang memberhentikan anggota DPS apabila a 2-year term of office. The GMS has the authority to dismiss
melanggar Anggaran Dasar Perseroan. Penetapan berlaku SSB members if they violate the Company’s Articles of
efektif setelah memperoleh persetujuan Otoritas Jasa Association. Appointments become effective after obtaining
Keuangan melalui Penilaian Kemampuan dan Kepatutan sesuai approval from the Financial Services Authority through
Peraturan Otoritas Jasa Keuangan No. 27/POJK.03/2016, the Fit and Proper Test, in accordance with Financial Services
dengan Perseroan mengajukan permohonan resmi atas calon Authority Regulation No. 27/POJK.03/2016, with the Company
anggota yang dimaksud. submitting an official application for the proposed candidates.
2025 Annual Report 173 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Seluruh anggota Dewan Pengawas Syariah yang menjabat All currently serving members of the Sharia Supervisory Board
telah dinyatakan layak melalui penilaian kemampuan dan have been declared fit and proper by the Financial Services
kepatutan oleh Otoritas Jasa Keuangan, sesuai ketentuan Authority, in compliance with prevailing regulations, as
peraturan yang berlaku, sebagaimana diuraikan berikut: outlined below:
Dasar Hukum
Pengangkatan Periode
Nama Jabatan Terakhir Kali Persetujuan Otoritas Jasa Keuangan Menjabat
Name Position Legal Basis for Financial Services Authority Approval Term of
the Last Office
Appointment
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 12 tanggal
No. KEP-322/PD.02/2025 tanggal 10 Juni 2025
Dr. H. Rahmat Ketua 7 Januari 2025
The Decision of Financial Services Authority’s 2025-2027
Hidayat, S.E., M.T. Chairman Deed No. 12 dated
Board of Commissioners No. KEP-322/Pd.02/2025 dated
January 7, 2025
June 10, 2025
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 57 tanggal No. KEP-226/NB.1/2015 tanggal 10 Februari 2015
Anggota 27 Juni 2023
Ahmadi Sukarno The Decision of Financial Services Authority’s 2023-2025
Member Deed No. 57 dated
June 27, 2023 Board of Commissioners No. KEP-226/NB.1/2015 dated
February 10, 2015
Kepemilikan Saham Share Ownership of the Sharia
Dewan Pengawas Syariah Supervisory Board
Dewan Pengawas Syariah berkewajiban untuk mengungkapkan The Sharia Supervisory Board is required to disclose any
kepemilikan saham dengan porsi 5% atau lebih, baik pada shareholding of 5% or more, whether in the Company
Perseroan maupun pada perusahaan perasuransian lain yang or in other insurance companies operating domestically
beroperasi di dalam maupun di luar negeri. Ketentuan ini or internationally. This provision is intended to uphold
bertujuan untuk menjaga transparansi serta memastikan transparency and ensure the absence of conflicts of interest
tidak adanya benturan kepentingan dalam pelaksanaan fungsi in the execution of supervisory functions.
pengawasan.
Dalam hal ini, seluruh anggota Dewan Pengawas Syariah In this regard, all members of the Company’s Sharia
Perseroan tidak memiliki saham, baik di Perseroan, lembaga Supervisory Board did not hold shares in the Company,
jasa keuangan, maupun perusahaan lain. financial institutions, or any other entities.
Rapat Dewan Pengawas Syariah Sharia Supervisory Board’s Meetings
Kebijakan Rapat Meeting Policy
Rapat Dewan Pengawas Syariah diselenggarakan Meetings of the Sharia Supervisory Board are held at least
sekurang-kurangnya 6 kali dalam setahun, baik melalui 6 times a year, which can be conducted either in person or
pertemuan langsung maupun telekonferensi. Setiap rapat via teleconference. Each meeting is conducted in a manner
dilaksanakan dengan tetap menjamin keabsahan keputusan that ensures the validity of decisions, and, when necessary,
dan apabila diperlukan dapat menghadirkan narasumber may invite relevant external resource persons to enhance
eksternal yang relevan untuk memperkuat efektivitas proses the effectiveness of the decision-making process.
pengambilan keputusan.
Pelaksanaan Rapat Implementation of Meetings
Tingkat kehadiran Dewan Pengawas Syariah dalam rapat The attendance rate of the Sharia Supervisory Board members
sepanjang tahun 2025 diungkapkan sebagai berikut: in meetings throughout 2025 is disclosed as follows:
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Tata Kelola Perusahaan
Good Corporate Governance
Rapat Gabungan dengan Dewan Komisaris
Rapat Dewan Pengawas Syariah
Sharia Supervisory Board’ Meeting Joint Meetings with the Board of
Commissioners
Nama Jabatan
Name Position Total Total
Total Rapat Kehadiran Total Rapat Kehadiran
Kehadiran Kehadiran
Number of Attendance Number of Attendance
Total (%) Total (%)
Meeting Meeting
Attendance Attendance
Dr. H. Rahmat Ketua
6 6 100 2 2 100
Hidayat, S.E., M.T. Chairman
Anggota
Ahmadi Sukarno 6 5 83,33 2 2 100
Member
Rata-Rata Kehadiran
91,67 100
Average Attendance
Frekuensi dan Cara Pemberian Nasihat Frequency and Methods of Providing
dan Saran serta Pengawasan Pemenuhan Advice and Suggestions and Supervision
Prinsip Syariah of the Implementation of Sharia Principles
Sepanjang tahun 2025, Dewan Pengawas Syariah melaksanakan Throughout 2025, the Sharia Supervisory Board carried out its
tugas pengawasan serta pemberian nasihat dan saran melalui supervisory duties and provided advice and recommendations
rapat yang difokuskan pada beberapa aspek utama, yaitu through meetings focused on several key aspects, namely
kepatuhan produk terhadap prinsip syariah, pengelolaan dana product compliance with Sharia principles, management of
tabarru’, investasi syariah, serta reviu terhadap akad yang tabarru’ funds, Sharia investments, and the review of contracts
digunakan dalam kegiatan operasional Perseroan. used in the Company’s operational activities.
Penilaian Kinerja Dewan Pengawas Syariah Sharia Supervisory Board’s Performance
Assessment
Prosedur dan Pihak yang Melakukan Penilaian Procedure and Assessor
Evaluasi terhadap kinerja Dewan Pengawas Syariah The evaluation of the Sharia Supervisory Board’s performance
dilaksanakan oleh Pemegang Saham melalui RUPS, dengan is conducted by the Shareholders through the GMS, with
fokus pada sejauh mana pengawasan dijalankan secara efektif a focus on the extent to which supervision is carried out
dan konsisten dalam menjamin penerapan ketentuan syariah effectively and consistently in ensuring compliance with sharia
di lingkungan Perseroan. principles within the Company.
Kriteria yang Digunakan Criteria Used
Kriteria penilaian menggunakan tolok ukur kontribusi Dewan The assessment criteria are based on the contribution
Pengawas Syariah dalam menjaga integritas dan penerapan of the Sharia Supervisory Board in maintaining integrity
prinsip syariah di Perseroan, meliputi efektivitas pelaksanaan and ensuring the application of sharia principles within
tugas pengawasan, kualitas nasihat dan rekomendasi yang the Company, including the effectiveness of supervisory
diberikan kepada Direksi, tingkat kehadiran serta partisipasi duties, the quality of advice and recommendations provided to
dalam rapat, dan kepatuhan terhadap ketentuan syariah the Board of Directors, the level of attendance and
maupun peraturan perundang-undangan. participation in meetings, and the compliance with sharia
provisions as well as applicable laws and regulations.
Hasil Penilaian Kinerja Performance Assessment Results
Hasil penilaian tahun 2025 menunjukkan bahwa Dewan The 2025 assessment results indicate that the Sharia
Pengawas Syariah telah melaksanakan pengawasan secara Supervisory Board carried out its supervisory function
efektif dan independen, dengan memastikan seluruh kegiatan effectively and independently, ensuring that all of
usaha Perseroan selaras dengan prinsip syariah serta ketentuan the Company’s business activities were conducted in
yang berlaku. Penilaian ini sekaligus menjadi yang terakhir, alignment with sharia principles and applicable regulations.
seiring dengan dihapuskannya keberadaan Dewan Pengawas This assessment also constitutes the final evaluation,
Syariah dalam struktur Perseroan per akhir tahun 2025. following the elimination of the Sharia Supervisory Board from
the Company’s organizational structure as of the end of 2025.
2025 Annual Report 175 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Direksi
Board of Directors
Direksi merupakan bagian Perseroan yang bertanggung The Board of Directors is a corporate organ responsible for
jawab atas pengurusan dan pengelolaan perusahaan sesuai the Company’s management and administration in accordance
dengan Anggaran Dasar serta peraturan yang berlaku. Dalam with the Articles of Association and applicable regulations. In
menjalankan perannya, Direksi menyusun strategi bisnis untuk performing its role, the Board of Directors formulates business
mendukung pencapaian visi, misi, dan target yang ditetapkan, strategies to support the achievement of the Company’s vision,
sekaligus memastikan efektivitas operasional, kepatuhan mission, and established targets, while ensuring operational
terhadap ketentuan, dan penerapan prinsip tata kelola effectiveness, regulatory compliance, and implementation
perusahaan yang baik di seluruh lini. of good corporate governance principles across all lines of
business.
Pedoman Kerja Direksi Board of Directors Charter
Pelaksanaan tugas Direksi berlandaskan Pedoman Kerja yang The execution of duties of the Board of Directors is based on
diperbarui pada 31 Desember 2025 dan dinyatakan masih the Board of Directors Charter, which was lastly updated on
berlaku hingga saat ini. Dokumen tersebut menjadi pedoman December 31, 2025 and remains valid to date. This document
utama dalam memastikan kejelasan fungsi, kewenangan, serta serves as the primary guideline in ensuring clarity of functions,
tanggung jawab Direksi, sekaligus menjamin keselarasan dengan authorities, and responsibilities of the Board of Directors,
ketentuan Otoritas Jasa Keuangan No. 33/POJK.04/2014 while also ensuring compliance with Financial Services
mengenai Direksi dan Dewan Komisaris Emiten atau Authority Regulation No. 33/POJK.04/2014 on the Board of
Perusahaan Publik. Directors and Board of Commissioners of Issuers or Public
Companies.
Tugas dan Tanggung Jawab Direksi Duties and Responsibilities of the Board
of Directors
Secara umum, Direksi berperan sebagai organ utama In general, the Board of Directors acts as the Company’s
Perseroan yang bertugas dan bertanggung jawab untuk: principal organ with the following duties and responsibilities:
1. Mengelola Perseroan sesuai Anggaran Dasar berlandaskan 1. Managing the Company in accordance with the Articles
kepentingan dan tujuan perusahaan; of Association based on the Company’s interests and
objectives;
2. Menyelenggarakan RUPS Tahunan maupun RUPS lainnya 2. Organizing the Annual GMS and other GMS in accordance
sesuai ketentuan; with applicable regulations;
3. Menjalankan tugas dan tanggung jawab dengan iktikad 3. Performing duties and responsibilities in good faith, with
baik, penuh tanggung jawab, dan kehati-hatian; full responsibility and prudence;
4. Membentuk Komite Investasi, Komite Pengembangan 4. Establishing Investment Committee, Product Development
Produk, dan komite lain sesuai regulasi yang berlaku; Committee, and other committees as required by
applicable regulations;
5. Mengevaluasi kinerja komite pendukung Direksi; dan 5. Evaluating the performance of committees supporting
the Board of Directors; and
6. Mengawasi penerapan manajemen risiko dalam 6. Supervising the implementation of risk management in
penggunaan teknologi informasi. the use of information technology.
Komposisi Direksi Composition of the Board of Directors
Komposisi Direksi ditetapkan dengan mempertimbangkan The Board of Directors’ composition is determined by
kompleksitas bisnis dan struktur organisasi, dengan jumlah considering business complexity and organizational structure,
minimal 3 anggota yang terdiri atas Presiden Direktur, Wakil with at least 3 members consisting of the President Director,
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Tata Kelola Perusahaan
Good Corporate Governance
Presiden Direktur, dan Direktur. Pada tahun 2025, susunan a Deputy President Director, and a Director. In 2025, the Board
Direksi mengalami perubahan sesuai keputusan RUPS Tahunan of Directors’ composition underwent changes in line with
maupun RUPS Luar Biasa, sebagaimana telah disampaikan the resolutions of Annual GMS and Extraordinary GMS, as
pada bagian Rapat Umum Pemegang Saham dalam Laporan disclosed in the General Meeting of Shareholders section of
Tahunan ini. this Annual Report.
Adapun seluruh anggota Direksi Perseroan yang menjabat All currently serving members of the Board of Directors
telah memenuhi ketentuan perundang-undangan serta lulus have complied with applicable laws and regulations and have
Uji Kelayakan dan Kepatutan dari Otoritas Jasa Keuangan, passed the Fit and Proper Test conducted by the Financial
sebagaimana diungkapkan berikut ini: Services Authority, as disclosed below:
Dasar Hukum
Periode
Pengangkatan Terakhir
Nama Jabatan Persetujuan Otoritas Jasa Keuangan Menjabat
Kali
Name Position Financial Services Authority Approval Term of
Legal Basis for the Last
Office
Appointment
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 10 tanggal 25 Juni No. KEP-23/KDK.05/2020 tanggal 8 Juli 2020
Presiden Direktur 2024
Wianto The Decision of Financial Services Authority’s Board of 2024-2026
President Director Deed No. 10 dated June 25,
2024 Commissioners No. KEP-23/KDK.05/2020 dated July 8,
2020
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 10 tanggal 25 Juni No. KEP-24/KDK.05/2020 tanggal 8 Juli 2020
Satoshi Wakil Presiden Direktur 2024
The Decision of Financial Services Authority’s 2024-2026
Shiratani1) Deputy President Director Deed No. 10 dated June 25,
2024 Board of Commissioners No. KEP-24/KDK.05/2020
dated July 8, 2020
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 48 tanggal 22 April No. KEP-25/KDK.05/2020 tanggal 8 Juli 2020
Tomoyuki Wakil Presiden Direktur 2025
The Decision of Financial Services Authority’s Board of 2025-2027
Monden2) Deputy President Director Deed No. 48 dated April 22,
2025 Commissioners No. KEP-25/KDK.05/2020 dated July 8,
2020
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 31 tanggal 24 Juni No. KEP-28/KDK.05/2018 tanggal 23 April 2018
Herman Direktur 2025
The Decision of Financial Services Authority’s Board 2025-2027
Sulistyo Director Deed No. 31 dated June 24,
2025 of Commissioners No. KEP-28/KDK.05/2018 dated
April 23, 2018
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 10 tanggal 25 Juni No. KEP-353/NB.11/2022 tanggal 21 Juni 2022
Direktur 2024
Ken Terada The Decision of Financial Services Authority’s Board 2024-2026
Director Deed No. 10 dated June 25,
2024 of Commissioners No. KEP-353/NB.11/2022 dated
June 21, 2022
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 48 tanggal 22 April No. KEP-316/PD.02/2025 tanggal 5 Juni 2025
Eiji Direktur 2025
The Decision of Financial Services Authority’s 2025-2027
Takahashi3) Director Deed No. 48 dated April 22,
2025 Board of Commissioners No. KEP-316/PD.02/2025
dated June 5, 2025
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 31 tanggal 24 Juni No. KEP-458/PD.02/2025 tanggal 20 Agustus 2025
Elly Direktur 2025
The Decision of Financial Services Authority’s Board 2025-2027
Susanti4) Director Deed No. 31 dated June 24,
2025 of Commissioners No. KEP-458/PD.02/2025 dated
August 20, 2025
Keputusan Dewan Komisioner Otoritas Jasa Keuangan
Akta No. 57 tanggal 27 Juni No. KEP-316/NB.11/2021 tanggal 20 Mei 2021
Andrew Direktur 2023
The Decision of Financial Services Authority’s Board 2025-2027
Bain5) Director Deed No. 57 dated June 27,
2023 of Commissioners No. KEP-316/NB.11/2021 dated
May 20, 2021
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
2)
Efektif menjabat sebagai Wakil Presiden Direktur sejak tanggal 22 April 2025. / Effectively in position as Deputy President Director as of April 22, 2025.
3)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively in position as of April 22, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
5)
Efektif berakhir masa jabatan pada tanggal 7 Januari 2025. / The term of office effectively ended on January 7, 2025.
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Tata Kelola Perusahaan
Good Corporate Governance
Ruang Lingkup Pekerjaan serta Tugas dan Scope of Work and Duties and Responsibilities
Tanggung Jawab Masing-Masing Anggota of Each Member of the Board of Directors
Direksi
Pembagian ruang lingkup pekerjaan dan tanggung jawab The allocation of the scope of work and responsibilities of each
setiap anggota Direksi dirancang untuk menciptakan kejelasan member of the Board of Directors is designed to ensure clarity
peran, efektivitas pengelolaan, serta kesinambungan dalam of roles, effective management, and continuity in strategic
pengambilan keputusan strategis. Rincian tugas masing-masing decision-making. The details of duties of each member of
anggota Direksi diuraikan sebagai berikut: the Board of Directors are described as follows:
Nama Jabatan Pembagian Tugas
Name Position Distribution of Duties
Presiden Direktur Internal Audit; Legal, Compliance, and Corporate Secretary;
Wianto
President Director Human Capital.
Wakil Presiden Direktur Finance Accounting and Tax; General Support; Corporate Planning;
Satoshi Shiratani1)
Deputy President Director dan / and Investment.
Wakil Presiden Direktur
Tomoyuki Monden2) Risk Management.
Deputy President Director
Partnership Distribution; Agency Business; Corporate Business and
Direktur
Herman Sulistyo DPLK; Japanese Desk; Japanese Desk Business Transformation;
Director
Agency Sales Best Pracatice; dan / and Sharia Business.
Digital & Alternate Distribution and Customer Proposition; Data
Direktur
Ken Terada Analytics; PMO Business and Customer; PMO IT and Data; Corporate
Director
Communication; Event Management; dan / and Customer NPS.
Direktur Actuary and Product Management; Finance Accounting and Tax;
Eiji Takahashi3)
Director General Support; Corporate Planning; dan / and Investment.
Individual Operations and Claim; Group Operations; Customer Care;
Direktur Protection and Distributor Care; Operation Excellence; Distributor
Elly Susanti 4)
Director Operations; IT; IT Security and Governance; dan / and Operation
Development and Control.
Operational Development and Control; Operations Digital
Direktur Application; Operations QA and Reporting; Individual Operations;
Andrew Bain 5)
Director Group Operations; Claim; Customer and Distributor Care; Distribution
Operations; IT; dan / and IT Governance, Risk and Security
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
2)
Efektif menjabat sebagai Wakil Presiden Direktur sejak tanggal 22 April 2025. / Effectively in position as Deputy President Director as of April 22, 2025.
3)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively in position as of April 22, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
5)
Efektif berakhir masa jabatan pada tanggal 7 Januari 2025. / The term of office effectively ended on January 7, 2025.
Kepemilikan Saham Direksi Share Ownership of the Board of Directors
Sesuai dengan ketentuan Peraturan Otoritas Jasa Keuangan In accordance with Financial Services Authority Regulation
No. 73/POJK.05/2016, setiap anggota Direksi yang memiliki No. 73/POJK.05/2016, each member of the Board of Directors
saham sebesar 5% atau lebih pada Perseroan maupun pada who holds shares of 5% or more in the Company or in other
perusahaan asuransi lain wajib mengungkapkannya secara insurance companies is required to clearly disclose ownership.
jelas. Saat ini, seluruh anggota Direksi Perseroan tidak memiliki At present, none of the members of the Company’s Board
saham baik di Perseroan maupun di perusahaan asuransi lain, of Directors holds shares, either directly or indirectly,
baik secara langsung maupun tidak langsung. in the Company or in any other insurance company.
Rapat Direksi Board of Directors’ Meetings
Kebijakan Rapat Meeting Policy
Rapat internal Direksi diselenggarakan minimal 1 kali setiap Internal meetings of the Board of Directors are held at
bulan untuk membahas jalannya operasional dan pengambilan least once a month to discuss operational matters and
keputusan strategis. Adapun rapat gabungan dengan strategic decision-making. Joint meetings with the Board of
Dewan Komisaris dilaksanakan sekurang-kurangnya 1 kali setiap Commissioners are held at a minimum once every 3 months to
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Tata Kelola Perusahaan
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3 bulan guna memastikan keselarasan arahan dan pengawasan. ensure alignment of direction and supervision. Furthermore,
Selain itu, sesuai Anggaran Dasar Perseroan, rapat internal pursuant to the Company’s Articles of Association, internal
dapat diadakan kapan pun diperlukan untuk menanggapi meetings can be held at any time as necessary to respond to
perkembangan atau kebutuhan mendesak. developments or urgent needs.
Pelaksanaan Rapat Implementation of Meetings
Pada tahun 2025, Direksi telah melaksanakan sejumlah rapat In 2025, the Board of Directors held a number of meetings,
dengan rincian kehadiran masing-masing anggota sebagai berikut: with the attendance details of each member as follows:
Rapat Gabungan dengan Dewan Komisaris
Rapat Direksi
Board of Directors’ Meeting Joint Meetings with the Board of
Commissioners
Nama Jabatan
Position Total Total
Name Total Rapat Kehadiran Total Rapat Kehadiran
Kehadiran Kehadiran
Number of Attendance Number of Attendance
Total Total (%)
Meeting (%) Meeting
Attendance Attendance
Presiden Direktur
Wianto 12 12 100 6 6 100
President Director
Satoshi Wakil Presiden Direktur
3 3 100 2 2 100
Shiratani1) Deputy President Director
Tomoyuki Wakil Presiden Direktur
12 12 100 6 6 100
Monden2) Deputy President Director
Herman Direktur
12 12 100 6 6 100
Sulistyo Director
Direktur
Ken Terada 12 12 100 6 6 100
Director
Eiji Direktur
5 5 100 3 3 100
Takahashi3) Director
Elly Direktur
4 4 100 2 2 100
Susanti4) Director
Andrew Direktur
12 0 100 6 0 100
Bain5) Director
Rata-Rata Kehadiran
100 100
Average Attendance
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
2)
Efektif menjabat sebagai Wakil Presiden Direktur sejak tanggal 22 April 2025. / Effectively in position as Deputy President Director as of April 22, 2025.
3)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively in position as of April 22, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
5)
Efektif berakhir masa jabatan pada tanggal 7 Januari 2025. / The term of office effectively ended on January 7, 2025.
Informasi terkait kehadiran Direksi pada RUPS tahun 2025 Information on the Board of Directors’ attendance at the GMS in
dapat dilihat pada uraian Rapat Umum Pemegang Saham. 2025 can be seen in the General Meeting of Shareholders section.
Pelaksanaan Tugas Direksi Implementation of the Board of Directors’
Duties
Pada tahun 2025, Direksi telah melaksanakan tugas dan tanggung In 2025, the Board of Directors performed its duties and
jawab dengan baik dan sebagaimana mestinya, di antaranya: responsibilities appropriately and as required, among others:
1. Pengangkatan pengurus DPLK; 1. Appointment of DPLK management;
2. Realisasi Rencana Bisnis semester II 2024 dan Laporan 2. Realization of the semester II 2024 Business Plan and
Pengawasan kepada Otoritas Jasa Keuangan untuk submission of the Supervisory Report to the Financial
asuransi dan Dana Pensiun Lembaga Keuangan; Services Authority for insurance and the Financial
Institution Pension Fund;
3. Pengunduran diri anggota Direksi; 3. Resignation of members of the Board of Directors;
4. Pengangkatan anggota Direksi baru; 4. Appointment of new members of the Board of Directors;
5. RUPS Luar Biasa tanggal 22 April 2025; 5. Extraordinary GMS dated April 22, 2025;
6. Rencana pemisahan unit syariah (spin-off syariah); 6. Sharia unit spin-off plan;
7. Penyelesaian pemeriksaan pajak tahun buku 2020; 7. Completion of the 2020 fiscal year tax audit;
8. Pembagian dividen Perseroan tahun 2024; 8. Distribution of the Company’s 2024 dividends;
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Tata Kelola Perusahaan
Good Corporate Governance
9. Laporan Aktuaris tahun 2024; 9. 2024 Actuarial Report;
10. RUPS Tahunan tanggal 24 Juni 2025; 10. Annual GMS dated June 24, 2025;
11. Pengangkatan kembali anggota Komite Audit; 11. Reappointment of members of the Audit Committee;
12. Perpanjangan penyedia sistem whistleblowing (2025-2027); 12. Extension of the whistleblowing system provider (2025–2027);
13. Penunjukan Auditor Eksternal; 13. Appointment of the External Auditor;
14. Revisi Laporan Rencana Bisnis 2025 untuk DPLK; 14. Revision of the 2025 Business Plan Report for DPLK;
15. Revisi Laporan Rencana Bisnis 2025 untuk penyampaian 15. Revision of the 2025 Business Plan Report for submission
kepada Otoritas Jasa Keuangan; to the Financial Services Authority;
16. RUPS Luar Biasa tanggal 23 September 2025; 16. Extraordinary GMS dated September 23, 2025;
17. Rencana program MyFit+; 17. MyFit+ program plan;
18. Penunjukan Auditor DPLK; 18. Appointment of the DPLK Auditor;
19. Pembentukan Komite DPLK; 19. Establishment of the DPLK Committee;
20. Realisasi Rencana Bisnis DPLK semester I 2025; 20. Realization of the DPLK Business Plan for the 1st Semester
of 2025;
21. Realisasi Rencana Bisnis semester I 2025 dan Laporan 21. Realization of the 1st Semester 2025 Business Plan and
Pengawasan; Supervisory Report;
22. Key Performance Indicator Perseroan Tahun 2025 dengan 22. Determination of the Company’s 2025 Key Performance
menggunakan pendekatan International Financial Indicators using the International Financial Reporting
Reporting Standards 17; Standards 17 approach;
23. Pemisahan unit syariah (spin-off syariah); 23. Sharia unit spin-off;
24. Perlakuan Annualized Premium Equivalent (APE) atas 24. Annualized Premium Equivalent (APE) treatment for
penyesuaian tarif produk medis stand-alone; adjustments to stand-alone medical product tariffs;
25. Perpanjangan perjanjian sewa kantor pusat (pembaruan 25. Extension of the head office lease agreement (update
Dewan Komisaris) sorotan kinerja keuangan Perseroan; from the Board of Commissioners) and highlights of
the Company’s financial performance;
26. Jadwal rapat tahun 2026; 26. 2026 meeting schedule;
27. Laporan Rencana Bisnis 2026 untuk penyampaian kepada 27. 2026 Business Plan Report for submission to the Financial
Otoritas Jasa Keuangan (termasuk RAKB); dan Services Authority (including RAKB); and
28. Rencana Bisnis DPLK Tahun 2026. 28. 2026 DPLK Business Plan.
Penilaian Kinerja Direksi Board of Directors’ Performance
Assessment
Prosedur dan Pihak yang Melakukan Penilaian Procedure and Assessor
Dewan Komisaris, dengan dukungan Komite Nominasi dan The Board of Commissioners, supported by the Nomination
Remunerasi, bertanggung jawab menilai kinerja Direksi baik and Remuneration Committee, is responsible for assessing
secara kolektif maupun individu. Hasil penilaian menjadi dasar the Board of Directors’ performance, both collectively and
pertimbangan dalam pengembangan, perpanjangan masa individually. The assessment results form the basis for
jabatan, serta penetapan remunerasi Direksi. consideration in development, extension of term of office,
and determination of remuneration for the Board of Directors.
Kriteria yang Digunakan Criteria Used
Penilaian kinerja Direksi mengacu pada pencapaian Key The Board of Directors’ performance assessment is based
Performance Indicator yang telah ditetapkan, termasuk: on the achievement of the established Key Performance
Indicators, including:
1. Pencapaian sasaran Perseroan sesuai dengan target yang 1. Achievement of the Company’s objectives in accordance
ditetapkan RUPS; with the targets set by the GMS;
2. Pelaksanaan tugas dan tanggung jawab masing-masing 2. Fulfillment of the duties and responsibilities of each
Direksi; Director;
3. Kepatuhan terhadap peraturan perundang-undangan dan 3. Compliance with laws and regulations as well as directives
arahan Pemegang Saham; from the Shareholders;
4. Komitmen dalam memajukan Perseroan; 4. Commitment to advancing the Company;
5. Kehadiran dalam rapat-rapat Direksi; 5. Attendance at Board of Directors’ meetings;
6. Keberhasilan dalam penguasaan bidang tertentu; dan 6. Success in mastering specific areas of expertise; and
7. Kontribusi dalam proses pengambilan keputusan. 7. Contribution to the decision-making process.
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Tata Kelola Perusahaan
Good Corporate Governance
Hasil Penilaian Kinerja Performance Assessment Results
Sepanjang tahun 2025, Direksi telah melaksanakan tugas dan Throughout 2025, the Board of Directors performed its
tanggung jawab sesuai ketentuan dan memenuhi kriteria, duties and responsibilities in accordance with applicable
tercermin dari peningkatan kinerja Perseroan baik pada aspek provisions and met the established criteria, as reflected in
operasional maupun keuangan. the improvement of the Company’s performance in both
operational and financial aspects.
Penilaian Kinerja Komite Pendukung Performance Assessment of
Direksi the Board of Directors’ Supporting
Committees
Prosedur dan Pihak yang Melakukan Penilaian Procedure and Assessor
Direksi secara berkala mengevaluasi kinerja komite-komite The Board of Directors periodically evaluates the performance
pendukung Direksi, yaitu Komite Investasi dan Keuangan, of committees supporting the Board of Directors, namely
Komite Teknologi Informasi dan Operasional, Product the Investment and Finance Committee, Information
Steering Committee, Komite Manajemen Risiko, serta Komite Technology and Operations Committee, Product Steering
Sumber Daya Manusia. Hal tersebut dilakukan untuk menilai Committee, Risk Management Committee, and Human
efektivitas pelaksanaan tugas termasuk identifikasi area yang Capital Committee. This evaluation is conducted to assess
memerlukan peningkatan serta perumusan rekomendasi the effectiveness of duties implementation, including
strategis. Hasil evaluasi menjadi dasar bagi pengambilan identifying areas requiring improvement, and formulating
keputusan dan penyempurnaan mekanisme kerja organ strategic recommendations. The evaluation results serve as
pendukung, sehingga mendukung kinerja keseluruhan the basis for decision-making and for refining the working
Perseroan secara optimal. mechanisms of supporting organs, thereby optimally
supporting the overall performance of the Company.
Kriteria yang Digunakan Criteria Used
Penilaian kinerja komite di bawah Direksi dilakukan dengan The performance assessment of committees under the Board
mengacu pada Key Performance Indicator yang mencakup of Directors is conducted based on Key Performance Indicator
beberapa indikator utama, antara lain: covering several key indicators, among others:
1. Pencapaian jumlah rapat yang dilaksanakan sesuai rencana 1. Achievement of the number of meetings held in
kerja; accordance with the work plan;
2. Tingkat kehadiran dan partisipasi aktif dalam rapat; 2. Level of attendance and active participation in meetings;
3. Kualitas dan ketepatan penyampaian hasil reviu kepada 3. Quality and timeliness of the delivery of review results to
Direksi; dan the Board of Directors; and
4. Ketepatan waktu dalam penyusunan dan penyampaian 4. Timeliness in the preparation and submission of committee
laporan komite. reports.
Hasil Penilaian Kinerja Performance Assessment Results
Penilaian kinerja komite pendukung Direksi tahun 2025 The performance assessment of committees supporting
menunjukkan pelaksanaan tugas yang profesional, tepat the Board of Directors held in 2025 indicates that the
waktu, dan efektif, serta memberikan kontribusi signifikan committees carried out their duties in a professional, timely,
terhadap pengambilan keputusan dan penguatan tata kelola and effective manner, and made a significant contribution
Perseroan. to decision-making and the strengthening of the Company’s
governance.
Penilaian Kinerja Organ Pendukung Performance Assessment of
Direksi the Board of Directors’ Supporting Organs
Prosedur dan Pihak yang Melakukan Penilaian Procedure and Assessor
Direksi juga dibantu oleh organ pendukung, yakni Sekretaris The Board of Directors is also assisted by supporting organs,
Perusahaan dan Unit Audit Internal, untuk menjalankan seluruh namely Corporate Secretary and Internal Audit Unit, in carrying
tugas dan tanggung jawabnya. Kinerja organ pendukung ini out its overall duties and responsibilities. The performance of
2025 Annual Report 181 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
dipantau secara rutin sepanjang tahun menggunakan kriteria these supporting organs is monitored regularly throughout
penilaian yang telah ditetapkan guna memastikan efektivitas the year using established evaluation criteria to ensure
dan kontribusi terhadap pencapaian tujuan Perseroan. their effectiveness and contribution to the achievement of
the Company’s objectives.
Kriteria yang Digunakan Criteria Used
Kinerja Sekretaris Perusahaan dan Unit Audit Internal dievaluasi The performance of Corporate Secretary and Internal Audit
menggunakan kriteria yang terstandardisasi, mencakup Unit is evaluated using standardized criteria, including
efektivitas pelaksanaan tugas, tingkat kehadiran dan the effectiveness of task execution, level of attendance
partisipasi dalam rapat, serta kualitas saran dan rekomendasi and participation in meetings, and the quality of advice and
yang disampaikan kepada Direksi. recommendations provided to the Board of Directors.
Hasil Penilaian Kinerja Performance Assessment Results
Hasil penilaian kinerja Organ Pendukung Direksi tahun 2025 The performance assessment results of the Board of Directors’
menunjukkan bahwa Sekretaris Perusahaan dan Unit Audit Supporting Organs in 2025 indicate that the Corporate
Internal telah menjalankan tugas dan tanggung jawabnya Secretary and Internal Audit Unit carried out their duties
secara efektif dan profesional. Secara keseluruhan, kinerja and responsibilities effectively and professionally. Overall,
Organ Pendukung Direksi telah memberikan nilai tambah yang the performance of the Board of Directors’ Supporting
signifikan bagi operasional dan tata kelola Perseroan. Organs has provided significant added value to the Company’s
operations and governance.
Nominasi dan Remunerasi Dewan Komisaris,
Dewan Pengawas Syariah, dan Direksi
Nomination and Remuneration of the Board of Commissioners,
Sharia Supervisory Board, and Board of Directors
Nominasi Dewan Komisaris, Dewan Nomination of the Board of
Pengawas Syariah, dan Direksi Commissioners, Sharia Supervisory Board,
and Board of Directors
Kebijakan Nominasi Nomination Policy
Proses nominasi disusun untuk memastikan kesinambungan The nomination process is designed to ensure that
kepemimpinan Perseroan berjalan secara transparan, objektif, the continuity of the Company’s leadership is carried
dan mendukung pencapaian target jangka panjang. Pemegang out in a transparent and objective manner and supports
Saham mengusulkan kandidat calon pengurus untuk kemudian the achievement of long-term targets. Shareholders propose
dievaluasi oleh Komite Nominasi dan Remunerasi berdasarkan candidates for members of the management, who are then
kompetensi, integritas, pengalaman, dan kepatuhan terhadap evaluated by the Nomination and Remuneration Committee
regulasi sebelum diajukan untuk disetujui dalam RUPS Tahunan based on competence, integrity, experience, and compliance
maupun Luar Biasa. Kriteria khusus bagi masing-masing organ with prevailing regulations, before being submitted for
Perseroan diuraikan sebagai berikut: approval at the Annual or Extraordinary GMS. The specific
criteria for each organ of the Company are described as follows:
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Tata Kelola Perusahaan
Good Corporate Governance
Aspek Dewan Komisaris Dewan Pengawas Syariah Direksi
Aspect Board of Commissioners Sharia Supervisory Board Board of Directors
Masa Jabatan 2 Tahun 2 Tahun 2 Tahun
Term of Office 2 Years 2 Years 2 Years
Kriteria Warga Negara Indonesia atau Warga Warga Negara Indonesia yang Warga Negara Indonesia atau Warga
Negara Asing yang memenuhi memenuhi kriteria Dewan Syariah Negara Asing yang memenuhi kriteria
syarat dan kriteria sesuai ketentuan Nasional Majelis Ulama Indonesia sesuai ketentuan Otoritas Jasa
Otoritas Jasa Keuangan dan Otoritas Jasa Keuangan Keuangan dan peraturan lainnya
Criteria Indonesian/Foreign Citizen who meets Indonesian Citizen who meets the Indonesian/Foreign Citizen who meets
the qualifications and criteria in criteria of the National Sharia Council the criteria in accordance with the
accordance with the provisions of of the Indonesian Ulema Council and provisions of the Financial Services
the Financial Services Authority the Financial Services Authority Authority and other regulations
Pengangkatan Diangkat oleh RUPS Diangkat oleh RUPS atas Diangkat oleh RUPS berdasarkan
rekomendasi Dewan Syariah Nasional rekomendasi Dewan Komisaris atau
Majelis Ulama Indonesia Komite Nominasi dan Remunerasi
Appointment Appointed by the GMS Appointed by the GMS based on the Appointed by the GMS based on
recommendation of the National the recommendation of the Board of
Sharia Council of the Indonesian Commissioners or Nomination and
Ulema Council Remuneration Committee
Pemberhentian Dapat diberhentikan oleh RUPS Dapat diberhentikan oleh RUPS Dapat diberhentikan oleh RUPS
sewaktu-waktu sewaktu-waktu sewaktu-waktu
Dismissal Can be dismissed by the GMS at any Can be dismissed by the GMS at any Can be dismissed by the GMS at any
time time time
Kebijakan Mengenai Kriteria Pemilihan Ulang Policy on Criteria for Re-election of
Bagi Dewan Komisaris, Dewan Pengawas the Board of Commissioners, Sharia
Syariah, dan Direksi Supervisory Board, and Board of Directors
Seluruh anggota Dewan Komisaris dan Direksi Perseroan, All members of the Company’s Board of Commissioners and
baik Warga Negara Indonesia maupun Warga Negara Asing, Board of Directors, both Indonesian and foreign nationals,
dapat dipilih ulang berdasarkan evaluasi kinerja yang may be reappointed based on a satisfactory performance
mumpuni. Adapun penilaian tersebut didasarkan pada evaluation. Such evaluation is based on the effectiveness of
efektivitas pengawasan atau pengelolaan, kontribusi terhadap supervisory or management, contribution to the achievement
pencapaian tujuan strategis, kepatuhan terhadap peraturan of strategic objectives, compliance with applicable laws and
perundang-undangan, serta komitmen terhadap penerapan regulations, and commitment to the consistent implementation
prinsip tata kelola secara konsisten. Proses ini memastikan of good corporate governance principles. This process ensures
kesinambungan kepemimpinan, kualitas pengambilan leadership continuity, quality decision-making, and supports
keputusan, dan mendukung tercapainya visi serta misi jangka the achievement of the Company’s long-term vision and
panjang Perseroan. mission.
Program Orientasi bagi Dewan Komisaris, Orientation Program for New Members of
Dewan Pengawas Syariah, dan Direksi Baru the Board of Commissioners, Sharia
Supervisory Board, and Board of Directors
Perseroan menyelenggarakan program orientasi bagi anggota The Company organizes an orientation program for newly
Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi yang appointed members of the Board of Commissioners, Sharia
baru diangkat. Program ini dirancang untuk memperkuat Supervisory Board, and Board of Directors. This program is
pemahaman terhadap perusahaan secara menyeluruh, designed to strengthen a comprehensive understanding of
sehingga setiap anggota dapat menjalankan peran serta the Company, enabling each member to carry out the roles
tanggung jawabnya secara optimal. Pada tahun 2025, program and responsibilities optimally. In 2025, the program was
tersebut telah dilaksanakan melalui materi-materi orientasi conducted through orientation materials covering:
meliputi:
1. Pemaparan menyeluruh mengenai visi, misi, nilai-nilai, 1. A comprehensive presentation on the Company’s vision,
budaya kerja, arah strategi, struktur organisasi, serta mission, values, corporate culture, strategic direction,
gambaran kinerja keuangan, operasional, manajemen organizational structure, as well as an overview of financial
risiko, dan isu strategis yang relevan; performance, operations, risk management, and relevant
strategic issues;
2. Penjelasan mengenai lingkup tugas dan tanggung jawab 2. An explanation of the duties and responsibilities of
Dewan Komisaris, Direksi, serta peran komite-komite the Board of Commissioners and Board of Directors,
pendukung dalam tata kelola perusahaan; as well as the roles of supporting committees within
the corporate governance framework;
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Tata Kelola Perusahaan
Good Corporate Governance
3. Pengenalan terhadap pemangku kepentingan utama 3. An introduction to key stakeholders and the Company’s
beserta kewajiban Perseroan dalam menjalankan obligations in carrying out its social responsibilities; and
tanggung jawab sosial; dan
4. Implementasi prinsip-prinsip GCG di seluruh lini Perseroan. 4. The implementation of GCG principles across all lines of
the Company.
Remunerasi Dewan Komisaris, Remuneration of the Board of
Dewan Pengawas Syariah, dan Direksi Commissioner, Sharia Supervisory Board,
and Board of Directors
Penetapan remunerasi bagi Dewan Komisaris, Dewan The remuneration for the Board of Commissioners, Sharia
Pengawas Syariah, dan Direksi dilaksanakan melalui prosedur Supervisory Board, and Board of Directors is determined
yang berlandaskan prinsip transparansi, kepatuhan regulasi, through procedures based on the principles of transparency,
serta keseimbangan antara kinerja dan tanggung jawab. regulatory compliance, and a balance between performance
Tahapan dimulai dari evaluasi kinerja berkala, yang menjadi and responsibility. The process begins with periodic
dasar bagi Komite Nominasi dan Remunerasi dalam menyusun performance evaluations, which serve as the basis for
rekomendasi. Dalam prosesnya, komite mempertimbangkan the Nomination and Remuneration Committee in formulating
berbagai aspek, baik internal Perseroan maupun kondisi recommendations. In its process, the committee considers
industri, untuk kemudian diajukan kepada RUPS guna various aspects, both the Company’s internal and industry
memperoleh persetujuan. conditions, which are then submitted to the GMS for approval.
Struktur dan Besaran Remunerasi Remuneration Structure and Amount
Struktur remunerasi bagi Dewan Komisaris dan Direksi The remuneration structure for the Company’s Board of
Perseroan mencakup gaji, bonus, tunjangan rutin, serta Commissioners and Board of Directors includes salaries,
berbagai fasilitas, baik dalam bentuk non-natura maupun bonuses, regular allowances, and various facilities, both
natura seperti perumahan dan kendaraan. Informasi terkait monetary and non-monetary, such as housing and vehicles.
remunerasi yang diterima oleh Dewan Komisaris, Dewan Information on the remuneration received by the Company’s
Pengawas Syariah, dan Direksi Perseroan pada tahun 2025 Board of Commissioners, Sharia Supervisory Board, and Board
diuraikan sebagai berikut: of Directors in 2025 is presented as follows:
Perhitungan Besaran Remunerasi Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi
Remuneration Structure of the Board of Commissioners, Sharia Supervisory Board, and Board of Directors
Dewan Komisaris
Board of Commissioners
Presiden Komisaris : 14% dari Gaji/Tantiem/Insentif Kinerja Presiden Direktur
President Commissioner : 14% of the Salary/Tantiem/Performance Incentive of the President Director
Komisaris : 8% dari Gaji/Tantiem/Insentif Kinerja Presiden Komisaris
Commissioner : 8% of the Salary/Tantiem/Performance Incentive of the President Commissioner
Komisaris Independen : 21% dari Gaji/Tantiem/Insentif Kinerja Presiden Komisaris
Independent Commissioner : 21% of the Salary/Tantiem/Performance Incentive of the President Commissioner
Dewan Pengawas Syariah
Sharia Supervisory Board
Ketua : 2% dari Gaji/Tantiem/Insentif Kinerja Presiden Direktur
Chairman : 2% of the Salary/Tantiem/Performance Incentive of the President Director
Anggota : 67% dari Gaji/Tantiem/Insentif Kinerja Ketua Dewan Pengawas Syariah
Member : 67% of the Salary/Tantiem/Performance Incentive of the Chairman of Sharia Supervisory Board
Direksi
Board of Directors
Presiden Direktur : 100% (Ditetapkan sesuai pedoman internal yang disetujui RUPS)
President Director : 100% (Determined according to internal guidelines approved by the GMS)
Wakil Presiden Direktur : 28% dari Gaji/Tantiem/Insentif Kinerja Direktur Utama
Deputy President Director : 28% of the Salary/Tantiem/Performance Incentive of the President Director
Direktur : 17% dari Gaji/Tantiem/Insentif Kinerja Direktur Utama
Director : 17% of the Salary/Tantiem/Performance Incentive of the President Director
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Tata Kelola Perusahaan
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Jumlah Remunerasi Dewan Komisaris dan Direksi Tahun 2025
Total Remuneration of the Board of Commissioners and Board of Directors in 2025
Jumlah Diterima dalam 1 tahun
Amount Received in 1 Year
Dewan Komisaris Dewan Pengawas Syariah Direksi
Uraian Description
Board of Commissioners Sharia Supervisory Board Board of Directors
Orang Jutaan Rp Orang Jutaan Rp Orang Jutaan Rp
Person Million Rp Person Million Rp Person Million Rp
Jenis Remunerasi dan Fasilitas Lain / Types of Remuneration and Other Facilities
Gaji, bonus, tunjangan Salary, bonuses, regular
rutin, fasilitas lainnya 7 3.250 2 282 12 38.662 allowances, other
dalam bentuk non-natura non-monetary facilities
Fasilitas lain dalam bentuk Other facilities in the
natura (perumahan, form of benefits in kind
- - - - 6 2.112
kendaraan, dan lain (housing, vehicles, and
sebagainya) yang: others) that:
a. Dapat dimiliki - - - - - - a. Can be owned
b. Tidak dapat dimiliki - - - - 6 2.112 b. Cannot be owned
Total 7 3.250 2 282 12 40.774 Total
Kelompok Remunerasi / Remuneration Group
Di Atas Rp2 miliar - - - - 9 37.765 Above Rp2 billion
Di Atas Rp1 miliar - Above Rp1 billion -
1 1.607 - - 2 2.583
Rp2 miliar Rp2 billion
Di Atas Rp500 juta - Above Rp500 million -
1 564 - - - -
Rp1 miliar Rp1 billion
Di Bawah Rp500 juta 5 1.079 2 282 1 425 Under Rp500 million
Total 7 3.250 2 282 12 40.774 Total
Remunerasi Dewan Komisaris dan Direksi berdasarkan Jenis
Remuneration of the Board of Commissioners and Directors based on Type
Dewan Komisaris Dewan Pengawas Syariah Direksi
Board of Commissioners Sharia Supervisory Board Board of Directors Types of
Jenis Remunerasi
Orang Jutaan Rp Orang Jutaan Rp Orang Jutaan Rp Remuneration
Person Million Rp Person Million Rp Person Million Rp
Remunerasi Bersifat
7 3.250 3 442 8 21.335 Fixed Remuneration
Tetap
Remunerasi Bersifat
0 0 0 0 5 5.405 Variable Remuneration
Variabel
Total 3.250 442 26.740 Total
Remunerasi Dewan Komisaris dan Direksi berdasarkan Bentuk
Remuneration of the Board of Commissioners and Directors based on Form
Dewan Komisaris Dewan Pengawas Syariah Direksi
Board of Commissioners Sharia Supervisory Board Board of Directors Types of
Jenis Remunerasi
Orang Jutaan Rp Orang Jutaan Rp Orang Jutaan Rp Remuneration
Person Million Rp Person Million Rp Person Million Rp
Remunerasi dalam
7 3.250 3 442 8 26.740 Cash Remuneration
Bentuk Tunai
Remunerasi dalam
0 0 0 0 8 3.235 In-Kind Remuneration
Bentuk Natura
Remunerasi dalam
0 0 0 0 0 0 Share Remuneration
Bentuk Saham
Total 3.250 442 29.974 Total
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Tata Kelola Perusahaan
Good Corporate Governance
Remunerasi Dewan Komisaris dan Direksi berdasarkan Rata-Rata Total
Remuneration of the Board of Commissioners and Directors based on the Average Total
Rata-Rata Remunerasi per Orang
Total Individu Jutaan Rp
Uraian Description
Total Individuals Average Remuneration per Person
Millions of Rupiah
Dewan Komisaris 7 464 Board of Commissioners
Dwan Pengawas Syariah 2 221 Sharia Supervisory Board
Direksi 8 3.342 Board of Directors
Perseroan menyajikan pengungkapan remunerasi Dewan The Company discloses the remuneration of the Board of
Komisaris, Dewan Pengawas Syariah, dan Direksi dalam bentuk Commissioners, Sharia Supervisory Board, and Board of
agregat dan kategori jabatan guna memberikan gambaran Directors in aggregate form and by position category to
yang memadai mengenai struktur dan besaran remunerasi. provide an adequate overview of the remuneration structure
Penyajian ini mempertimbangkan kerahasiaan data pribadi and amount. This presentation considers the confidentiality
individu tanpa mengurangi prinsip transparansi, akuntabilitas, of individual personal data while upholding the principles of
kebijakan internal, dan ketentuan yang berlaku. transparency, accountability, internal policies, and applicable
regulations.
Pelatihan dan/atau Peningkatan Kompetensi
Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi
Competency Training and/or Development for the Board of
Commissioners, Sharia Supervisory Board, and Board of Directors
Kebijakan Pelatihan dan/atau Peningkatan Policy on Competency Training
Kompetensi Dewan Komisaris, Dewan and/or Development for the Board of
Pengawas Syariah, dan Direksi Commissioners, Sharia Supervisory Board,
and Board of Directors
Kebijakan pelatihan dan peningkatan kompetensi bagi The policy on competency training and development for
Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi the Board of Commissioners, Sharia Supervisory Board,
dirancang untuk menjaga relevansi kepemimpinan dalam and Board of Directors is designed to maintain leadership
menghadapi dinamika industri dan regulasi. Program ini relevance in responding to industry and regulatory dynamics.
dilaksanakan melalui pelatihan berkelanjutan, seminar, serta This program is implemented through continuous training,
forum profesional yang berfokus pada tata kelola, kepatuhan, seminars, and professional forums focusing on governance,
manajemen risiko, dan strategi bisnis yang relevan. Dengan compliance, risk management, and relevant business strategies.
pendekatan tersebut, para pemangku kepemimpinan Through this approach, members of the leadership are expected
diharapkan terus memperbarui wawasan serta memperkuat to continuously update their insights and strengthen
kapasitas dalam pengambilan keputusan yang efektif dan the capacity for effective and sustainability-oriented decision-
berorientasi pada keberlanjutan Perseroan. making within the Company.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Dewan Komisaris, Dewan Pengawas Syariah, for the Board of Commissioners, Sharia
dan Direksi Supervisory Board, and Board of Directors
Program pelatihan dan/atau peningkatan kompetensi yang The competency training and/or development programs
diikuti Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi attended by the Board of Commissioners, Sharia Supervisory
di tahun 2025 diuraikan sebagai berikut: Board, and Board of Directors in 2025 are described as follows:
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Tata Kelola Perusahaan
Good Corporate Governance
Nama Jabatan Materi Penyelenggara
Name Position Material Organizer
Dewan Komisaris / Board of Commissioners
Indra Widjaja Presiden Komisaris AI in Life Insurance: Strategy, Leadership, PT Kompakindo Media Dewata
President Commissioner & Risk Management
Hideaki Nomura Komisaris AI in Life Insurance: Strategy, Leadership, PT Kompakindo Media Dewata
Commissioner & Risk Management
Private Coaching Session PT Intermitra Pelatihan Indonesia
Toshinari Tokoi1) Komisaris - -
Commissioner
Kimitake Sugiura2) Komisaris Sertifikasi Program The Qualified Risk Governance PT Cipta Raya Mekar Sahitya
Commissioner Professional
Certification Program: The Qualified Risk Governance
Professional
Private Coaching Session PT Intermitra Pelatihan Indonesia
Sidharta Akmam Komisaris Independen AI in Life Insurance: Strategy, Leadership, PT Kompakindo Media Dewata
Independent Commissioner & Risk Management
Indonesia Insurance Summit 2025 Dewan Asuransi Jiwa
Indonesian Life Insurance Council
Inagurasi dan Seminar “PSAK 117 & KUHD 251” PT Global Kreasi Inovasi
Inauguration and Seminar “PSAK 117 & KUHD 251”
Nazly Parlindungan Komisaris Independen AI in Life Insurance: Strategy, Leadership, PT Kompakindo Media Dewata
Siregar Independent Commissioner & Risk Management
Indonesia Insurance Summit 2025 Dewan Asuransi Jiwa
Indonesian Life Insurance Council
Inagurasi dan Seminar “PSAK 117 & KUHD 251” PT Global Kreasi Inovasi
Inauguration and Seminar “PSAK 117 & KUHD 251”
Ardhayadi Komisaris Independen Indonesia Insurance Summit 2025 Dewan Asuransi Jiwa
Mitroatmodjo3) Independent Commissioner Indonesian Life Insurance Council
Inagurasi dan Seminar “PSAK 117 & KUHD 251” PT Global Kreasi Inovasi
Inauguration and Seminar “PSAK 117 & KUHD 251”
Teuku Radja Komisaris Independen Private Coaching Session PT Intermitra Pelatihan Indonesia
Sjahnan4) Independent Commissioner AI Strategic for Executive: Strategy, Leadership, & Business Wisdom Institute
Risk Management
Dewan Pengawas Syariah / Sharia Supervisory Board
Dr. H. Rahmat Ketua Workshop Implementasi ICoFR (Internal Control over PT GRC Tangguh Management
Hidayat, S.E., M.T. Chairman Financial Reporting)
Ahmadi Sukarno Anggota AI in Life Insurance: Strategy, Leadership, & PT Kompakindo Media Dewata
Member Risk Management
Direksi / Board of Directors
Wianto Presiden Direktur AI in Life Insurance: Strategy, Leadership, PT Kompakindo Media Dewata
President Director & Risk Management
Self-Learning Anti-Bribery Corruption Internal resource
Self-Learning Anti-Fraud Internal resource
Self-Learning Customer Protection and Data Internal resource
Confidentiality
Self-Learning Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
Self-Learning - IT Security Awareness Internal resource
Self-Learning - Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning Conflict of Interest (COI) Internal resource
Self-Learning Dishonest and Unlawful Act (DUA) Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Satoshi Shiratani5) Wakil Presiden Direktur Self-Learning Anti-Bribery Corruption Internal resource
Deputy President Director Self-Learning Anti-Fraud Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
2025 Annual Report 187 PT MSIG Life Insurance Indonesia Tbk
Page 190
Tata Kelola Perusahaan
Good Corporate Governance
Nama Jabatan Materi Penyelenggara
Name Position Material Organizer
Tomoyuki Monden6) Wakil Presiden Direktur Work Smarter with AI and Kickoff AI Training AI PT Kompakindo Media Dewata
Deputy President Director in Life Insurance: Strategy, Leadership, & Risk
Management
AI in Life Insurance: Strategy, Leadership, & PT Kompakindo Media Dewata
Risk Management
Self-Learning Anti-Bribery Corruption Internal resource
Self-Learning Anti-Fraud Internal resource
Self-Learning Customer Protection and Data Internal resource
Confidentiality
Self-Learning Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
Self-Learning - IT Security Awareness Internal resource
Self-Learning - Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning Conflict of Interest (COI) Internal resource
Self-Learning Dishonest and Unlawful Act (DUA) Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Herman Sulistyo Direktur AI in Life Insurance: Strategy, Leadership, PT Kompakindo Media Dewata
Director & Risk Management
8th The Indonesian Actuaries Summit Navigating Persatuan Aktuaria Indonesia
Uncertainty Shaping Tomorrow Indonesian Actuaries Association
Discussion Panel Syariah and Navigating Trump 2.0: Persatuan Aktuaria Indonesia
Macro Moves that matter to Actuaries Indonesian Actuaries Association
Inagurasi dan Seminar “PSAK 117 & KUHD 251” PT Global Kreasi Inovasi
Inauguration and Seminar “PSAK 117 & KUHD 251”
Webinar FinRe Unpacked Financial Strategy behind Persatuan Aktuaria Indonesia
Reinsurance Indonesian Actuaries Association
Webinar IFRS 17 Implementation In Sharia Insurance: Persatuan Aktuaria Indonesia
Principle, Challenges, and Best Practices Indonesian Actuaries Association
Self-Learning Anti-Bribery Corruption Internal resource
Self-Learning Anti-Fraud Internal resource
Self-Learning Customer Protection and Data Internal resource
Confidentiality
Self-Learning Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
Self-Learning - IT Security Awareness Internal resource
Self-Learning - Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning Conflict of Interest (COI) Internal resource
Self-Learning Dishonest and Unlawful Act (DUA) Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Ken Terada Direktur AI in Life Insurance: Strategy, Leadership, & Risk PT Kompakindo Media Dewata
Director Management
Governance, Risk, and Compliance (GRC) Summit PT Cipta Raya Mekar Sahitya
2025
Indonesia Insurance Summit 2025 Dewan Asuransi Jiwa
Indonesian Life Insurance Council
Work Smarter with AI and Kickoff AI Training AI PT Kompakindo Media Dewata
in Life Insurance: Strategy, Leadership, & Risk
Management
Self-Learning Anti-Bribery Corruption Internal resource
Self-Learning Anti-Fraud Internal resource
Self-Learning Customer Protection and Data Internal resource
Confidentiality
Self-Learning Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
PT MSIG Life Insurance Indonesia Tbk 188 Laporan Tahunan 2025
Page 191
Tata Kelola Perusahaan
Good Corporate Governance
Nama Jabatan Materi Penyelenggara
Name Position Material Organizer
Self-Learning - IT Security Awareness Internal resource
Self-Learning - Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning Conflict of Interest (COI) Internal resource
Self-Learning Dishonest and Unlawful Act (DUA) Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Eiji Takahashi7) Direktur AI in Life Insurance: Strategy, Leadership, & Risk PT Kompakindo Media Dewata
Director Management
Private Coaching session PT Intermitra Pelatihan Indonesia
Governance, Risk, and Compliance (GRC) Summit PT Cipta Raya Mekar Sahitya
2025
Self-Learning Customer Protection and Data Internal resource
Confidentiality
Self-Learning Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
Self-Learning - IT Security Awareness Internal resource
Self-Learning - Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning Conflict of Interest (COI) Internal resource
Self-Learning Dishonest and Unlawful Act (DUA) Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Elly Susanti8) Direktur Chief Operation Officer Summit 2025 Asosiasi Asuransi Jiwa Indonesia
Director (AAJI)
Indonesian Life Insurance
Association (AAJI)
Governance, Risk, and Compliance (GRC) Summit PT Cipta Raya Mekar Sahitya
2025
Work Smarter with AI and Kickoff AI Training AI PT Kompakindo Media Dewata
in Life Insurance: Strategy, Leadership, & Risk
Management
Self-Learning Anti-Bribery Corruption Internal resource
Self-Learning Anti-Fraud Internal resource
Self-Learning Customer Protection and Data Internal resource
Confidentiality
Self-Learning Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Internal resource
Customer (AML KYC)
Self-Learning - IT Security Awareness Internal resource
Self-Learning - Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning Conflict of Interest (COI) Internal resource
Self-Learning Dishonest and Unlawful Act (DUA) Internal resource
Self-Learning Business Continuity Management 2025 Internal resource
Direktur
Andrew Bain9) - -
Director
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 19, 2025.
3)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively assumed office upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
5)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
6)
Efektif menjabat sebagai Wakil Presiden Direktur sejak tanggal 22 April 2025. / Effectively in position as Deputy President Director as of April 22, 2025.
7)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively assumed office as of April 22, 2025.
8)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
9)
Efektif berakhir masa jabatan pada tanggal 7 Januari 2025. / The term of office effectively ended on January 7, 2025.
2025 Annual Report 189 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Hubungan Afiliasi Dewan Komisaris,
Dewan Pengawas Syariah, dan Direksi
Affiliations of the Board of Commissioners,
Sharia Supervisory Board, and Board of Directors
Sesuai dengan ketentuan Peraturan Otoritas Jasa Keuangan In accordance with the Financial Services Authority Regulation
No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang Baik No. 73/POJK.05/2016 on Good Corporate Governance for
bagi Perusahaan Perasuransian, sebagian besar anggota Dewan Insurance Companies, most members of the Company’s Board
Komisaris, Dewan Pengawas Syariah, dan Direksi Perseroan of Commissioners, Sharia Supervisory Board, and Board of
tidak memiliki hubungan keuangan maupun hubungan keluarga Directors do not have any financial or familial relationships
dengan sesama anggota organ Perseroan maupun dengan with fellow members of the Company’s organs or with
Pemegang Saham Utama, dan Pengendali baik langsung the Main Shareholder and controlling parties, both direct
maupun tidak langsung sampai kepada pemilik individu. Namun and indirect, up to the individual beneficial owner. However,
demikian, terdapat satu anggota Dewan Komisaris, yaitu Bapak there is one member of the Board of Commissioners, Mr. Indra
Indra Widjaja, yang memiliki hubungan dengan Pemegang Widjaja, who has a relationship with the Shareholder, namely
Saham, yaitu PT Sinar Mas Multiartha Tbk, serta merupakan PT Sinar Mas Multiartha Tbk, and is also the ultimate individual
penerima manfaat akhir individu dari Perseroan. beneficial owner of the Company.
Keberagaman Manajemen dan Independensi
Management Diversity and Independence
Perseroan memastikan bahwa komposisi Dewan Komisaris, The Company ensures that the composition of the Board
Dewan Pengawas Syariah, dan Direksi merepresentasikan of Commissioners, Sharia Supervisory Board, and Board
keberagaman latar belakang pendidikan, pengalaman, dan of Directors reflects diversity in educational background,
gender yang mendukung kualitas pengambilan keputusan experience, and gender, thereby supporting the quality
serta pengelolaan risiko. Di saat yang sama, independensi of decision-making and risk management. At the same
setiap anggota senantiasa dijaga agar keputusan yang diambil time, the independence of each member is continuously
bebas dari benturan kepentingan, objektif, dan berlandaskan upheld to ensure that decisions are made free from
integritas. Dengan prinsip transparansi dan akuntabilitas, conflicts of interest, objectively, and with integrity. Through
keberagaman dan independensi tersebut menjadi pilar penting the principles of transparency and accountability, such diversity
bagi keberlanjutan Perseroan dan terjaganya kepercayaan and independence serve as key pillars for the Company’s
para pemangku kepentingan. sustainability and the maintenance of stakeholders’ trust.
Informasi mengenai keberagaman jumlah anggota Dewan Information on the diversity of members of the Board
Komisaris, Dewan Pengawas Syariah, dan Direksi, termasuk of Commissioners, Sharia Supervisory Board, and Board
komposisi gender dan pihak independen yang menjabat pada of Directors, including the composition of gender and
tahun 2025, dapat dilihat pada tabel berikut: independent members serving in 2025, is presented in
the following table.
Jumlah Pihak Independen
Tipe Manajemen Perusahaan (Orang)
Pria (Orang) Wanita (Orang)
Type of Company
Male (Person) Female (Person) Number of Independent
Management
Parties (Person)
Dewan Komisaris
5 1 3
Board of Commissioners
Dewan Pengawas Syariah
2 - -
Sharia Supervisory Board
Direksi
Board of Directors
5 1 -
PT MSIG Life Insurance Indonesia Tbk 190 Laporan Tahunan 2025
Page 193
Tata Kelola Perusahaan
Good Corporate Governance
Komite Pendukung Dewan Komisaris
Board of Commissioners’ Supporting Committee
Komite Audit Audit Committee
Komite Audit bertugas mendukung pelaksanaan fungsi The Audit Committee serves to support the supervisory
pengawasan Dewan Komisaris. Peran ini diwujudkan melalui function of the Board of Commissioners. This role is
pengawasan terhadap keandalan informasi keuangan, implemented through oversight of the reliability of financial
efektivitas sistem pengendalian internal, serta kualitas information, the effectiveness of internal control system,
pemeriksaan yang dilakukan oleh auditor internal dan and the quality of audits conducted by internal and external
eksternal. Komite Audit secara aktif melakukan pemantauan auditors. The Audit Committee actively monitors and
dan evaluasi terhadap perencanaan dan pelaksanaan evaluates the planning and implementation of audit activities
kegiatan audit, guna menilai kecukupan pengendalian to assess the adequacy of internal control and the accuracy
internal dan ketepatan proses pelaporan keuangan dalam of financial reporting process within the management
kerangka pengawasan manajemen. Seluruh temuan dan hasil oversight framework. All findings and supervisory results
pengawasan disampaikan secara berkala kepada Dewan are periodically submitted to the Board of Commissioners in
Komisaris dalam bentuk laporan beserta opini profesional, the form of reports completed with professional opinion,
yang berfungsi sebagai bahan pertimbangan strategis. serving as strategic consideration for the Board.
Pedoman Kerja Komite Audit Audit Committee Charter
Pedoman kerja Komite Audit berlandaskan pada Piagam Komite Audit Committee’s working guidelines are based on
Audit yang disusun sebagai acuan utama dalam menjalankan the Audit Committee’s Charter, which serves as the primary
fungsi untuk mendukung pengawasan oleh Dewan Komisaris. reference in performing its functions to support the Board of
Disusun sesuai ketentuan peraturan perundang-undangan Commissioners’ supervisory role. Established in accordance
yang berlaku dan telah diperbarui terakhir kali pada 27 Juni with prevailing laws and regulations and last updated on
2023, Piagam Komite Audit memastikan relevansinya dengan June 27, 2023, the Audit Committee’s Charter ensures its
mengatur secara komprehensif berbagai aspek meliputi continued relevance by comprehensively governing various
keanggotaan, tugas dan tanggung jawab, kewenangan, tata aspects, including membership, duties and responsibilities,
cara kerja, independensi, kode etik, masa jabatan, mekanisme authority, working procedures, independence, code of ethics,
pelaporan dan penanganan pengaduan, serta penilaian kinerja term of office, reporting and complaint-handling mechanisms,
sebagai wujud komitmen terhadap tata kelola perusahaan as well as performance evaluation, as a manifestation of
yang baik. the Company’s commitment to good corporate governance.
Tugas dan Tanggung Jawab Komite Audit Duties and Responsibilities of the Audit
Committee
Komite Audit melaksanakan tugas dan tanggung jawabnya The Audit Committee performs its duties and responsibilities
sesuai dengan mandat yang diatur dalam Pasal 10 Peraturan pursuan to the mandate stipulated under Article 10 of
Otoritas Jasa Keuangan No. 55/POJK.04/2015, khususnya Financial Services Authority Regulation No. 55/POJK.04/2015,
yang berkaitan dengan proses penyusunan dan penerbitan particularly in relation to the preparation and issuance of
Laporan Keuangan Tahunan. Sejalan dengan itu, Komite Audit the Annual Financial Statements. In this regard, the Audit
juga menjalankan tugas-tugas lain yang relevan dalam rangka Committee also carries out other relevant duties in connection
penyusunan dan penerbitan Laporan Keuangan Tahunan 2025. with the preparation and issuance of the 2025 Annual Financial
Berikut adalah rincian pelaksanaan tugas dan tanggung jawab Statements. The following outlines the implementation of
Komite Audit: the Audit Committee’s duties and responsibilities:
1. Menilai pelaksanaan kegiatan serta hasil audit yang 1. To assess the implementation of activities and results of
dilaksanakan oleh auditor internal maupun eksternal; audit conducted by internal and external auditors;
2. Memberikan rekomendasi mengenai penyempurnaan 2. To provide recommendations on improving the internal
sistem pengendalian internal serta pelaksanaannya; control system and its implementation;
3. Memastikan Direksi melakukan tindak lanjut atas hasil 3. To ensure that the Board of Directors follows up on
temuan auditor internal, auditor eksternal, dan hasil the findings of internal and external auditors and results of
pengawasan Otoritas Jasa Keuangan terhadap Perseroan; Financial Services Authority supervision over the Company;
4. Memberikan rekomendasi kepada Dewan Komisaris 4. To provide recommendations to the Board of
mengenai penunjukan auditor eksternal/akuntan yang Commissioners on the appointment of external auditors/
2025 Annual Report 191 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
didasarkan pada independensi, ruang lingkup penugasan, accountants based on independency, assignment scope,
dan imbalan jasa; and fees;
5. Menelaah dan memberikan pendapat independen dalam 5. To review and provide independent opinion in the event of
hal terjadi perbedaan pendapat antara manajemen dan dissenting opinion between management and accountant
akuntan atas jasa yang diberikannya; for the services rendered;
6. Melakukan penelaahan atas informasi keuangan yang 6. To review financial information that the Company will
akan dikeluarkan Perseroan kepada publik dan/atau release to the public and/or authorities, including financial
pihak otoritas, antara lain laporan keuangan, proyeksi, statements, projections, and other reports related to
dan laporan lainnya terkait dengan informasi keuangan the Company’s financial information;
Perseroan;
7. Memastikan laporan keuangan sesuai dengan standar 7. To ensure that the financial statements are in line with
akuntansi yang berlaku di Indonesia dan ketentuan the applicable accounting standards in Indonesia and
peraturan perundang-undangan di bidang perasuransian; provisions of laws and regulations in the insurance sector;
8. Melakukan penelaahan atas ketaatan terhadap peraturan 8. To review compliance with laws and regulations related to
perundang-undangan yang berhubungan dengan kegiatan the Company’s activities;
Perseroan;
9. Menelaah pengaduan yang berkaitan dengan proses 9. To review complaints related to the Company’s accounting
akuntansi dan pelaporan keuangan Perseroan; process and financial reporting;
10. Menelaah dan memberikan saran kepada Dewan Komisaris 10. To review and provide the Board of Commissioners with
terkait dengan adanya potensi benturan kepentingan suggestions regarding the potential conflicts of interest
perusahaan; in the Company;
11. Menjaga kerahasiaan dokumen, data, dan informasi 11. To maintain the confidentiality of the Company’s documents,
Perseroan; data, and information;
12. Mengevaluasi Pedoman Kerja Komite Audit secara berkala 12. To evaluate the Audit Committee Charter periodically
disesuaikan dengan perkembangan ketentuan peraturan according to the updated provisions of laws and
perundang-undangan; dan regulations; and
13. Melakukan identifikasi hal-hal lain yang menurut Komite 13. To identify matters that the Committee believes may
memerlukan perhatian Dewan Komisaris. require the attention of the Board of Commissioners.
Persyaratan Komite Audit Audit Committee’s Requirements
Keanggotaan Komite Audit diatur berdasarkan Pasal 7 Audit Committee’s Membership is regulated under Article 7 of
Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015. Financial Services Authority Regulation No. 55/POJK.04/2015.
Syarat keanggotaan meliputi integritas tinggi, kompetensi Membership requirements include high integrity, relevant
yang relevan, serta pemahaman mendalam mengenai laporan competence, and a thorough understanding of financial
keuangan, bisnis Perseroan, proses audit, manajemen risiko, statements, the Company’s business, audit process,
dan peraturan perundang-undangan yang berlaku. Setiap risk management, and applicable laws and regulations.
anggota Komite Audit wajib menjunjung tinggi Kode Etik Each member of the Audit Committee is required to uphold
Perseroan, mengikuti program pengembangan dan pelatihan the Company’s Code of Ethics, participate in continuous
berkelanjutan, serta memenuhi komposisi keanggotaan yang development and training programs, and comply with
mengharuskan setidaknya 1 orang memiliki latar belakang dan the composition requirements, which mandate that at least
keahlian di bidang akuntansi atau keuangan. 1 member possesses a background and expertise in accounting
or finance.
Komite Audit juga menganut prinsip independensi secara The Audit Committee strictly upholds the principle of
ketat. Sejalan dengan hal tersebut, keanggotaan tidak independence. Accordingly, membership is not permitted
diperbolehkan bagi pihak yang memiliki afiliasi dengan for parties affiliated with the Company’s organs or Major
organ Perseroan atau Pemegang Saham Utama, maupun Shareholders, nor for individuals originating from Public
yang berasal dari Kantor Akuntan Publik, Kantor Konsultan Accounting Firms, Law Firms, or Public Appraisal Service
Hukum, atau Kantor Jasa Penilai Publik yang bekerja sama Offices that provide services to the Company. Therefore,
dengan Perseroan. Dengan demikian, seluruh anggota Komite all current members of the Company’s Audit Committee have
Audit Perseroan saat ini telah dinyatakan memenuhi seluruh been declared to meet all stipulated requirements regarding
persyaratan integritas, kompetensi, dan independensi yang integrity, competence, and independence.
ditetapkan.
PT MSIG Life Insurance Indonesia Tbk 192 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Wewenang Komite Audit Audit Committee’s Authority
Komite Audit memiliki kewenangan yang komprehensif dan The Audit Committee possesses comprehensive authority
dirancang untuk memastikan pelaksanaan fungsi pengawasan designed to ensure the effective and optimal implementation
yang efektif, optimal, dan selaras dengan prinsip-prinsip GCG. of its supervisory function in line with GCG principles. These
Kewenangan tersebut mencakup, namun tidak terbatas pada: authorities include, but are not limited to:
1. Akses Data dan Informasi 1. Access to Data and Information
Hak untuk mengakses secara penuh seluruh dokumen, The right to obtain full access to all documents, data,
data, catatan, informasi keuangan dan operasional, serta records, financial and operational information, as well
sumber daya Perseroan (termasuk terkait karyawan, dana, as the Company’s resources (including those relating to
dan aset) yang diperlukan dalam rangka pelaksanaan employees, funds, and assets) necessary for carrying out
tugas pengawasan. its supervisory duties.
2. Komunikasi Langsung 2. Direct Communication
Kewenangan untuk berkomunikasi dan meminta penjelasan The authority to communicate and request explanations
secara langsung kepada seluruh karyawan, jajaran Direksi, directly from all employees, members of the Board of
serta pihak-pihak yang menjalankan fungsi audit internal, Directors, and parties performing internal audit, risk
manajemen risiko, kepatuhan, dan akuntansi. management, compliance, and accounting functions.
3. Pemanfaatan Sumber Daya Eksternal 3. Utilization of External Resources
Hak untuk meminta dan melibatkan tenaga ahli atau The right to request and engage experts or independent
pihak independen di luar Komite Audit guna mendukung external parties outside the Audit Committee to support
pelaksanaan tugas tertentu, sesuai dengan kebutuhan dan the performance of specific duties, as necessary and
setelah memperoleh persetujuan Dewan Komisaris. subject to the approval of the Board of Commissioners.
Seluruh kewenangan tersebut dijalankan secara penuh All of the aforementioned authorities are exercised fully
tanpa hambatan atau pembatasan dari pihak manapun without obstruction or limitation from any party within
di dalam Perseroan. Dalam hal terdapat kendala yang the Company. Should any impediments arise that hinder
menghambat pelaksanaan kewenangan ini, Komite Audit the exercise of these authorities, the Audit Committee is
wajib melaporkannya secara langsung dan segera kepada required to report them directly and promptly to the Board of
Dewan Komisaris untuk ditindaklanjuti guna menemukan Commissioners for appropriate follow-up and resolution.
penyelesaian yang tepat.
Komposisi Komite Audit Composition of the Audit Committee
Komite Audit terdiri atas minimal 3 anggota. Susunan The Audit Committee consists of a minimum of 3 members.
keanggotaannya ditetapkan dengan ketentuan bahwa seorang Its composition is determined under the provision that
Komisaris Independen menjabat sebagai Ketua, 1 anggota an Independent Commissioner serves as Chairman, 1 member
yang memiliki keahlian di bidang audit, keuangan, dan/atau possesses expertise in audit, finance, and/or accounting, and
akuntansi, serta 1 anggota lainnya yang memiliki kompetensi 1 member has competence in legal and/or insurance matters.
di bidang hukum dan/atau perasuransian.
Pada tahun 2025, terjadi perubahan komposisi keanggotaan In 2025, there was a change in the composition of the Audit
Komite Audit yang ditetapkan berdasarkan Keputusan Dewan Committee as stipulated by the Board of Commissioners’
Komisaris Perseroan No. 029/MSL-SK/VI/2025 tanggal 24 Juni Decision Letter No. 029/MSL-SK/VI/2025 dated June 24,
2025. Sejalan dengan struktur dan persyaratan yang berlaku, 2025. In line with the applicable structure and requirements,
susunan anggota Komite Audit Perseroan periode terkini the current composition of the Company’s Audit Committee
adalah sebagai berikut: members for the latest period is as follows:
Jabatan di Perseroan
Nama Jabatan Periode Menjabat Keahlian
Name Position Position at the Term of Office Expertise
Company
Ketua Komisaris Independen Bidang Ekonomi
Ardhayadi Mitroatmodjo1) 2024-2026
Chairman Independent Commissioner Economic Sector
Ketua Komisaris Independen Bidang Audit
Teuku Radja Sjahnan2) 2025-2027
Chairman Independent Commissioner Audit Sector
Anggota Pihak Independen Bidang Keuangan dan Akuntansi
Karel Tjahjadi 2023-2025
Member Independent Party Finance and Accounting Sector
Anggota Pihak Independen Bidang Perasuransian
Bambang Santoso Marsoem 2023-2025
Member Independent Party Insurance Sector
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
2025 Annual Report 193 PT MSIG Life Insurance Indonesia Tbk
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Profil Komite Audit
Profile of the Audit Committee
Teuku Radja Sjahnan
Ketua
Chairman
Warga Negara Indonesia, 57 tahun. Beliau ditunjuk sebagai Indonesian, 57 years old. He was appointed as Chairman
Ketua Komite Audit berdasarkan Keputusan Dewan Komisaris of the Audit Committee based on the Company’s Board of
Perusahaan No. 029/MSL-SK/VI/2025 tanggal 24 Juni 2025 Commissioners’ Decision Letter No. 029/MSL-SK/VI/2025
(2025-2027). dated June 24, 2025 (2025–2027).
Profil lengkap Ketua Komite Audit dapat dilihat pada bab The complete profile of the Chairman of the Audit Committee
Profil Perusahaan bagian Profil Dewan Komisaris. is presented in the Company Profile chapter under the Board
of Commissioners’ Profile section.
Karel Tjahjadi
Anggota
Member
Warga Negara Indonesia, 60 tahun. Memperoleh gelar Indonesian, 60 years old. He obtained a Master of
Magister Manajemen dari Universitas Tarumanegara (2003) Management degree from Universitas Tarumanagara (2003)
dan Sarjana Ekonomi dari Universitas Tarumanegara (1988). and a Bachelor of Economics degree from Universitas
Beliau telah memiliki sertifikasi profesi yaitu Bank Risk Tarumanagara (1988). He holds professional certifications,
Management, Level 3 & 4 Certification dari Badan Sertifikasi namely Bank Risk Management Level 3 & 4 Certification from
Manajemen Risiko (2008-2010) dan Bank Risk Management, the Risk Management Certification Agency (2008–2010)
Level 1 & 2 Certification dari Badan Sertifikasi Manajemen Risiko and Bank Risk Management Level 1 & 2 Certification from
(2006-2008). Beliau ditunjuk sebagai Anggota Komite Audit the Risk Management Certification Agency (2006–2008).
berdasarkan Keputusan Dewan Komisaris Perusahaan He was appointed as a Member of the Audit Committee
No. 029/MSL-SK/VI/2025 tanggal 24 Juni 2025 (2025-2027) based on the Company’s Board of Commissioners’ Decision
untuk periode kedua. Letter No. 029/MSL-SK/VI/2025 dated June 24, 2025
(2025–2027) for his second term.
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Sebelumnya, pernah menjabat sebagai Senior Vice President/ Previously, he served as Senior Vice President/Director,
Director, Internal Auditor Head MUFG Bank Ltd., Indonesia Head of Internal Audit of MUFG Bank Ltd., Indonesia
(2002-2020), Director of Compliance & Risk Management (2002–2020), Director of Compliance & Risk Management of
PT Bank Harmoni International (saat ini bernama Bank Index) PT Bank Harmoni International (currently Bank Index)
(2000-2002), Internal Audit Division Head PT Bank Mayora (2000–2002), Head of Internal Audit Division of PT Bank Mayora
(1999-2000), Head of Coordinator of Accounting, Finance, and (1999–2000), Head Coordinator of Accounting, Finance, and
Internal Audit PT Bank Mashill Utama Tbk (1993-1999), dan Internal Audit of PT Bank Mashill Utama Tbk (1993–1999), and
Operation Audit Manager PT Bank Bali Tbk (1990-1993). Operations Audit Manager of PT Bank Bali Tbk (1990–1993).
Saat ini, beliau memiliki rangkap jabatan sebagai Anggota At present, he concurrently serves as a Member of the Audit
Komite Audit dan Komite Pemantau Risiko PT Hino Finance Committee and Risk Oversight Committee of PT Hino Finance
Indonesia (sejak 2020) dan Dosen Program Studi Ilmu Indonesia (since 2020) and as a Lecturer in the Management
Manajemen di Sekolah Tinggi Manajemen Trisakti (sejak 2000). Science Study Program at Sekolah Tinggi Manajemen Trisakti
Pada tahun 2025, beliau belum memiliki rangkap jabatan di (since 2000). In 2025, he held no concurrent positions within
Perseroan. the Company.
Bambang Santoso Marsoem
Anggota
Member
Warga Negara Indonesia, 72 tahun. Memperoleh gelar Indonesian, 72 years old. He obtained a Doctor of Philosophy
Doctor of Philosophy (Ph.D.) in International Economics (Ph.D.) in International Economics from North Carolina
dari North Carolina State University, Raleigh, NC, USA State University, Raleigh, NC, USA (2000), a Master of Arts
(2000), Master of Arts in International Economics dari Duke in International Economics from Duke University, Durham,
University, Durham, NC, USA (1987), dan Sarjana Bisnis NC, USA (1987), and a Bachelor of Business degree from
dari Universitas Gadjah Mada (1979). Beliau telah memiliki Universitas Gadjah Mada (1979). He holds professional
sertifikasi profesi yaitu Sertifikat Komisaris Profesional certifications, including the Professional Commissioner
dari Intipesan (2019), Sertifikat Kompetensi pada bidang Certificate from Intipesan (2019), a Competency Certificate
Manajemen Risiko Perusahaan Perasuransian dari Badan in Insurance Company Risk Management from the National
Nasional Sertifikasi Profesi (2016), dan Kualifikasi Manajemen Professional Certification Agency (2016), and Level 5 Insurance
Risiko Perusahaan Perasuransian Tingkat 5 dari Asosiasi Company Risk Management Qualification from the Indonesian
Ahli Manajemen Asuransi Indonesia (2015). Beliau ditunjuk Insurance Management Experts Association (2015). He was
sebagai Anggota Komite Audit berdasarkan Keputusan Dewan appointed as a Member of the Audit Committee based on
Komisaris Perusahaan No. 029/MSL-SK/VI/2025 tanggal the Company’s Board of Commissioners’ Decision Letter
24 Juni 2025 (2025-2027) untuk periode kedua. No. 029/MSL-SK/VI/2025 dated June 24, 2025 (2025–2027) for
his second term.
Sebelumnya, pernah menjabat sebagai Komisaris Independen Previously, he served as Independent Commissioner of
PT Asuransi Cigna (2015-2023), Tenaga Pengkaji pada PT Asuransi Cigna (2015–2023), Policy Analyst at
Direktorat Jenderal Kekayaan Negara, Kementerian Keuangan the Directorate General of State Assets, Ministry of Finance
(2010-2013), Komisaris PT Marga Mandala Sakti (2009-2011), (2010–2013), Commissioner of PT Marga Mandala Sakti
Direktur Hukum dan Informasi, Direktorat Jenderal Kekayaan (2009–2011), Director of Legal and Information Affairs at
Negara, Kementerian Keuangan (2007-2010), dan Direktur the Directorate General of State Assets, Ministry of Finance
Barang Milik Negara II, Direktorat Jenderal Kekayaan Negara, (2007–2010), and Director of State Assets II of the Directorate
Kementerian Keuangan (2006-2007). General of State Assets, Ministry of Finance (2006–2007).
Saat ini, beliau memiliki rangkap jabatan sebagai Associate At present, he concurrently serves as an Associate Professor
Professor (Lektor Kepala) bidang Studi Keuangan Universitas in Finance Studies of Universitas Mercu Buana (since 2013).
Mercu Buana (sejak 2013). Pada tahun 2025, beliau belum In 2025, he held no concurrent positions within the Company.
memiliki rangkap jabatan di Perseroan.
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Pernyataan Independensi Komite Audit Independency Statement of Audit Committee
Seluruh anggota Komite Audit Perseroan terbebas dari All members of the Company’s Audit Committee are free from
hubungan afiliasi dengan jasa profesional yang terkait dengan any affiliation with professional service providers related
Perseroan dalam 6 bulan terakhir, termasuk akuntan publik, to the Company within the last 6 months, including public
konsultan hukum, dan penilai. Anggota juga tidak memiliki accountants, legal consultants, and appraisers. Members
kewenangan untuk mengendalikan operasional, kecuali also do not have the authority to control operations, except
bagi Komisaris Independen, serta dilarang memiliki saham for Independent Commissioners, and are prohibited from
Perseroan selain yang diperoleh karena peristiwa hukum owning shares in the Company other than those acquired
dan wajib dialihkan dalam 6 bulan. Independensi semakin due to legal events and must be transferred within
terjaga dengan tidak adanya hubungan afiliasi dengan organ 6 months. Their independence is further maintained through
Perseroan maupun Pemegang Saham Utama, serta tidak ada the absence of any affiliation with the Company’s organs or
keterlibatan dalam kegiatan usaha yang terkait dengan bisnis Major Shareholder, as well as the absence of involvement in
Perseroan. business activities related to the Company’s core business.
Rapat Komite Audit Audit Committee’s Meetings
Berdasarkan Pedoman Kerja Komite Audit, Komite Audit dapat Based on the Audit Committee Charter, the Audit Committee
menyelenggarakan rapat setiap bulan, atau sewaktu-waktu may hold meetings on a monthly basis or at any time if deemed
apabila dianggap perlu. Frekuensi dan tingkat kehadiran necessary. The frequency and attendance level of Audit
rapat masing-masing anggota Komite Audit di tahun 2025 Committee meetings for each member in 2025 are presented
ditunjukkan sebagai berikut: as follows:
Kehadiran
Nama Jabatan Total Rapat Total Kehadiran
Attendance
Name Position Total Meetings Total Attendance
(%)
Ketua
Ardhayadi Mitroatmodjo1) 6 6 100
Chairman
Ketua
Teuku Radja Sjahnan2) 6 6 100
Chairman
Anggota
Karel Tjahjadi 12 12 100
Member
Anggota
Bambang Santoso Marsoem 12 12 100
Member
Rata-Rata Kehadiran
100
Average Attendance
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
Pelaksanaan Tugas Komite Audit Implementation of Audit Committee’s Duties
Pada tahun 2025, Komite Audit menjalankan tugas dan In 2025, the Audit Committee carried out duties and
tanggung jawab yang mencakup hal-hal berikut: responsibilities that include the following.
1. Meninjau dan menyetujui rencana audit, termasuk 1. Reviewing and approving the audit plan, including 2025
pembaruan rencana audit tahun 2025; audit plan updates;
2. Memantau kemajuan dan pelaksanaan rencana audit; 2. Monitoring the progress and implementation of the audit
plan;
3. Memantau status temuan audit, terutama permasalahan 3. Monitoring the status of audit findings, particularly issues
yang belum ditindaklanjuti tepat waktu; that have not been followed up in a timely manner;
4. Memantau pelaporan kegiatan whistleblowing; 4. Monitoring whistleblowing activity reports;
5. Menyusun laporan hasil evaluasi atas pelaksanaan 5. Preparing an evaluation report on the implementation
pemberian jasa audit atas informasi keuangan historis of audit services for the annual historical financial
tahunan oleh akuntan publik; dan information by the public accountant; and
6. Memberikan rekomendasi kepada Dewan Komisaris 6. Recommending the appointment of the Company's public
mengenai penunjukan akuntan publik Perseroan. accountant to Board of Commissioners.
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Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Audit Programs for Audit Committee
Komite Audit senantiasa meningkatkan kompetensi melalui The Audit Committee continuously enhances its competencies
pelatihan dan pengembangan agar peran pengawasan dan through training and development to ensure that its
pemberian rekomendasi tetap relevan dengan kebutuhan supervisory role and recommendations remain relevant to
Perseroan. Adapun pengembangan kompetensi yang diikuti the Company’s needs. The competency development programs
oleh anggota Komite Audit selama tahun 2025 sebagai berikut: attended by the Audit Committee’s members throughout
2025 are as follows:
Nama Jabatan Materi Tanggal Penyelenggara
Name Position Material Date Organizer
Ketua AI Strategic for Executive: Strategy, 17 Oktober 2025 Business Wisdom
Teuku Radja Sjahnan
Chairman Leadership, & Risk Management October 17, 2025 Institute
Anggota AI Strategic for Executive: Strategy, 17 Oktober 2025 Business Wisdom
Karel Tjahjadi
Member Leadership, & Risk Management October 17, 2025 Institute
Bambang Santoso Anggota AI Strategic for Executive: Strategy, 17 Oktober 2025 Business Wisdom
Marsoem Member Leadership, & Risk Management October 17, 2025 Institute
Komite Pemantau Risiko Risk Oversight Committee
Komite Pemantau Risiko berperan mendukung Dewan The Risk Oversight Committee plays a role in supporting
Komisaris dalam fungsi pengawasan atas potensi risiko yang the Board of Commissioners in overseeing potential risks
melekat pada kegiatan operasional Perseroan. Tugasnya inherent in the Company’s operational activities. Its duties
meliputi pemantauan penerapan manajemen risiko yang include overseeing the implementation of risk management
disusun Direksi, penilaian atas batas toleransi risiko, serta formulated by the Board of Directors, assessing risk tolerance
pengawasan terhadap kebijakan dan strategi pengelolaan limits, and overseeing risk management policies and strategies,
risiko, mulai dari identifikasi, analisis, penilaian hingga encompassing risk identification, analysis, assessment, and
mitigasinya, agar selaras dengan kepentingan Perseroan mitigation, to ensure alignment with the overall interests of
secara menyeluruh. the Company.
Pedoman Kerja Komite Pemantau Risiko Risk Oversight Committee’s Charter
Komite Pemantau Risiko memiliki Pedoman Kerja yang terakhir The Risk Oversight Committee is guided by Charter that
diperbarui pada 27 Juni 2023 sebagai acuan dalam menjalankan were last updated on June 27, 2023, serving as a reference
fungsi pengawasan. Pedoman tersebut mencakup tugas, in carrying out its oversight functions. The Charter regulate
wewenang, mekanisme rapat, serta koordinasi dengan organ the Committee’s duties, authorities, meeting mechanisms, and
Perseroan agar pengelolaan risiko berjalan konsisten dan coordination with the Company’s organs to ensure that risk
sesuai ketentuan. management is implemented consistently and in compliance
with applicable regulations.
Tugas dan Tanggung Jawab Duties and Responsibilities of
Komite Pemantau Risiko Risk Oversight Committee
Komite Pemantau Risiko bertugas membantu Dewan Komisaris The Risk Oversight Committee assists the Board of
dalam memantau pelaksanaan manajemen risiko yang disusun Commissioners in monitoring the implementation of risk
oleh Direksi serta menilai toleransi risiko yang dapat diambil management frameworks established by the Board of
oleh Perseroan yang diuraikan sebagai berikut: Directors and assessing the Company’s acceptable risk
tolerance, as outlined below:
1. Menilai efektivitas manajemen risiko termasuk menilai 1. To assess the effectiveness of risk management including
selera risiko yang dapat diambil oleh Perseroan; assessing the risk appetite that the Company can take;
2. Mengevaluasi secara berkala atas penerapan manajemen 2. To evaluate the implementation of risk management
risiko; periodically;
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Tata Kelola Perusahaan
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3. Mengevaluasi Pedoman Kerja Komite Pemantau Risiko 3. To evaluate the Risk Oversight Committee’s Work
secara berkala disesuaikan dengan perkembangan Guidelines periodically according to the updated
ketentuan peraturan perundang-undangan; dan provisions of laws and regulations; and
4. Mengidentifikasi hal-hal lain yang menurut Komite 4. To identify other matters that the Committee believes
memerlukan perhatian Dewan Komisaris. may require the Board of Commissioners’ attention.
Komposisi Komite Pemantau Risiko Composition of the Risk Oversight Committee
Komite Pemantau Risiko Perseroan beranggotakan The Company’s Risk Oversight Committee consists of
sekurang-kurangnya 3 orang, dengan susunan meliputi seorang a minimum 3 members, comprising an Independent
Komisaris Independen sebagai ketua merangkap anggota, Commissioner serving as Chairman and concurrently as
seorang ahli manajemen risiko dan/atau aktuaria, serta a member, 1 expert in risk management and/or actuarial
seorang dengan kompetensi di bidang keuangan, ekonomi, science, and 1 member with competence in finance, economics,
atau perasuransian. Anggota dapat berasal dari Pejabat or insurance. Members can be appointed from Executive
Eksekutif, namun jabatan Direktur tidak diperkenankan dalam Officers, however, Directors are not permitted to serve in the
komposisi Komite. Committee.
Pada tahun 2025, susunan anggota Komite Pemantau Risiko In 2025, the composition of the Company’s Risk Monitoring
Perseroan berdasarkan Surat Keputusan Rapat Dewan Committee members, based on the Resolution of the Board of
Komisaris diuraikan sebagai berikut: Commissioners’ Meeting, is as follows:
Periode
Nama Jabatan Jabatan di Perseroan Keahlian
Menjabat
Name Position Position at the Company Expertise
Term of Office
Ketua Komisaris Independen Bidang Ekonomi
Nazly Parlindungan Siregar 2024-2026
Chairman Independent Commissioner Economic Sector
Anggota Komisaris Bidang Hukum
Toshinari Tokoi1) 2023-2025
Member Commissioner Legal Sector
Anggota Komisaris Bidang Ekonomi
Hideaki Nomura2) 2025-2027
Member Commissioner Economic Sector
Anggota Chief Compliance, Legal, & Bidang Perasuransian
Renova Siregar 2023*
Member Corporate Secretary Insurance Sector
Anggota Bidang Manajemen Risiko
Troy Steve Kipuw Division Head of Risk Management 2023*
Member Risk Management Sector
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat pada tanggal 24 Juni 2025. / Effective as of June 24, 2025.
Keterangan / Description:
* Periode menjabat tidak diatur karena melekat pada jabatan (ex officio). / The term of office is not specifically regulated as it is attached to the position (ex officio).
Profil Komite Pemantau Risiko Profile of the Risk Oversight Committee
Profil lengkap ketua dan anggota Komite Pemantau Risiko See the full profile of the chairman and members of
dapat dilihat pada bab Profil Perusahaan bagian Profil Dewan the Risk Oversight Committee in the Company Profile chapter in
Komisaris, Profil Pengurus Manajemen, dan Profil Pejabat the Profile of the Board of Commissioners, Profile of the Board
Eksekutif. of Management, and Profile of the Executive Officers sections.
Pernyataan Independensi Independency Statement of
Komite Pemantau Risiko Risk Oversight Committee
Seluruh anggota Komite Pemantau Risiko tidak memiliki All members of the Risk Oversight Committee have no
afiliasi dengan Dewan Komisaris, Direksi, maupun affiliation with the Company’s Board of Commissioners,
Pemegang Saham Utama dan Pengendali Perseroan. Seluruh Board of Directors, or Major and Controlling Shareholders.
anggota independen juga bebas dari hubungan keuangan, All independent members are also free from any financial,
kepengurusan, kepemilikan saham, maupun ikatan keluarga management, share ownership, or family relationships with
dengan organ Perseroan dan Pemegang Saham Utama, the Company’s organs and Major Shareholders, thereby
sehingga objektivitas serta independensi dalam menjalankan ensuring objectivity and independence in performing their
tugas tetap terjaga. duties.
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Rapat Komite Pemantau Risiko Risk Oversight Committee’s Meeting
Komite Pemantau Risiko menyelenggarakan rapat secara The Risk Oversight Committee holds meetings on a regular
berkala, sedikitnya 1 kali dalam setiap 3 bulan, sebagai sarana basis, at least once every 3 months, as a forum for evaluating
evaluasi dan pemantauan efektivitas penerapan manajemen and monitoring the effectiveness of risk management
risiko. Frekuensi rapat Komite Pemantau Risiko Perseroan implementation. The Risk Oversight Committee’s meeting
sepanjang tahun 2025 dirangkum sebagai berikut: frequency throughout 2025 is summarized as follows:
Kehadiran
Nama Jabatan Total Rapat Total Kehadiran
Attendance
Name Position Total Meetings Total Attendance
(%)
Ketua
Nazly Parlindungan Siregar 4 4 100
Chairman
Anggota
Toshinari Tokoi1) 2 1 50
Member
Anggota
Hideaki Nomura2) 2 2 100
Member
Anggota
Renova Siregar 4 4 100
Member
Anggota
Troy Steve Kipuw 4 4 100
Member
Rata-Rata Kehadiran
100
Average Attendance
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat pada tanggal 24 Juni 2025. / Effective as of June 24, 2025.
Pelaksanaan Tugas Komite Pemantau Risiko Implementation of Risk Oversight Committee’s
Duties
Komite Pemantau Risiko telah melaksanakan tugas dan The Risk Oversight Committee performed its duties and
tanggung jawab dengan baik selama tahun 2025, yang responsibilities well throughout 2025, which are described as
diuraikan sebagai berikut: follows:
1. Meninjau hasil penilaian tingkat kesehatan Perseroan 1. Reviewing the results of the Company’s soundness level
untuk seluruh segmen usaha, termasuk bisnis konvensional, assessment for all business segments, including conventional
unit syariah, dan Dana Pensiun Lembaga Keuangan (DPLK), business, the Sharia unit, and the Financial Institution Pension
sebagai bagian dari pemantauan stabilitas keuangan; Fund (DPLK), as part of monitoring financial stability;
2. Melakukan tinjauan terhadap selera risiko (risk appetite), 2. Reviewing the Company’s risk appetite, policies, plans,
kebijakan, rencana, dan implementasi manajemen risiko and implementation of risk management to ensure that
Perseroan guna memastikan strategi manajemen risiko the risk management strategy is aligned with business
sesuai dengan tujuan bisnis dan peraturan yang berlaku; objectives and applicable regulations;
3. Menganalisis kebijakan manajemen permodalan, memastikan 3. Analyzing capital management policies to ensure that
bahwa struktur permodalan tetap seimbang untuk the capital structure remains balanced in supporting
mendukung pertumbuhan bisnis yang berkelanjutan serta sustainable business growth and compliance with
kepatuhan terhadap regulasi industri perasuransian; insurance industry regulations;
4. Meninjau hasil stress test terhadap profitabilitas dan 4. Reviewing the results of stress tests on the Company’s
Risk-Based Capital (RBC) Perseroan guna mengevaluasi profitability and Risk-Based Capital (RBC) to evaluate
daya tahan keuangan terhadap berbagai skenario risiko financial resilience against various risk scenarios and
dan kondisi pasar yang fluktuatif; dan fluctuating market conditions; and
5. Melakukan reviu terkait Company Risk Profile Status 5. Conducting a review of the Company’s Risk Profile Status
(Risk Register, Key Risk Indicators, Control and Mitigation (Risk Register, Key Risk Indicators, Control and Mitigation
Monitoring Evaluation, Incident Report and Dishonest and Monitoring Evaluation, Incident Reports, and Dishonest
Unlawful Acts - DUA Cases) setiap 3 bulan sekali. and Unlawful Acts (DUA) cases) quarterly.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Pemantau Risiko Programs for Risk Oversight Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development programs
Komite Pemantau Risiko pada tahun 2025 dapat dilihat pada attended by the Risk Oversight Committee in 2025 are
bagian Pelatihan dan/atau Peningkatan Kompetensi Dewan detailed in the Competency Training and/or Development
Komisaris, Pengurus Manajemen, dan Pejabat Eksekutif. for the Board of Commissioners, Board of Management, and
Executive Officers sections.
2025 Annual Report 199 PT MSIG Life Insurance Indonesia Tbk
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Komite Kebijakan Tata Kelola Perusahaan Good Corporate Governance Committee
Komite Kebijakan Tata Kelola dibentuk untuk mendukung Dewan The Good Corporate Governance Committee is established
Komisaris dalam mengawasi penerapan prinsip tata kelola to support the Board of Commissioners in supervising
Perseroan. Selain itu, Komite tersebut berperan memberikan the implementation of the Company’s governance principles.
arahan dan masukan strategis kepada Direksi terkait pelaksanaan In addition, the Committee plays a role in providing strategic
maupun evaluasi berkelanjutan atas praktik GCG. direction and input to the Board of Directors regarding
the implementation and ongoing evaluation of GCG practices.
Pedoman Kerja Komite Kebijakan Tata Kelola Good Corporate Governance Committee’s
Perusahaan Charter
Komite Kebijakan Tata Kelola Perusahaan menjalankan tugas The Good Corporate Governance Committee carries out its
dan tanggung jawabnya berdasarkan Pedoman Kerja Komite duties and responsibilities based on the Good Corporate
Kebijakan Tata Kelola Perusahaan yang ditetapkan sejak April Governance Committee’ Charter, which were established in
2020 dan terakhir kali diperbarui pada tanggal 1 Juni 2025. April 2020 and last updated on June 1, 2025.
Tugas dan Tanggung Jawab Komite Kebijakan Duties and Responsibilities of Good Corporate
Tata Kelola Perusahaan Governance Committee
Komite memiliki peran penting dalam mendukung Dewan The Committee has an important role in supporting the Board
Komisaris dengan menjalankan berbagai tugas yang diuraikan of Commissioners by carrying out various duties described
sebagai berikut: below:
1. Mengkaji kebijakan GCG yang disusun oleh Direksi; 1. To review GCG policies prepared by the Board of Directors;
2. Menilai konsistensi penerapan GCG termasuk yang 2. To assess the consistency of GCG implementation including
berkaitan dengan etika bisnis dan tanggung jawab sosial; those related to business ethics and social responsibility;
3. Mengevaluasi Pedoman Kerja Komite Kebijakan Tata 3. To evaluate the Good Corporate Governance Committee’s
Kelola Perusahaan secara berkala disesuaikan dengan Charter periodically according to the updated provisions
perkembangan ketentuan peraturan perundang- of laws and regulations; and
undangan; dan
4. Melakukan pengawasan atas penerapan rinsip kepatuhan 4. Supervising the implementation of compliance principles
di Perseroan. within the Company.
Komposisi Komite Kebijakan Tata Kelola Composition of Good Corporate Governance
Perusahaan Committee
Komite Kebijakan Tata Kelola terdiri dari sedikitnya 3 anggota, The Good Corporate Governance Committee consists of
dengan seorang Komisaris sebagai ketua merangkap anggota, a minimum 3 members, comprising a Commissioner serving
1 anggota dari Komisaris Independen atau Pihak Independen as Chairman and concurrently as a member, a member from
yang memiliki keahlian di bidang tata kelola atau hukum, serta an Independent Commissioner or an Independent Party with
1 anggota dari Pejabat Eksekutif non-Direksi yang membawahi expertise in corporate governance or legal matters, and
kepatuhan, tata kelola, atau hukum. a member from an Executive Officer who is not a Director and
is responsible for compliance, governance, or legal affairs.
Per 31 Desember 2025, komposisi Komite Kebijakan Tata As of December 31, 2025, the composition of the Corporate
Kelola Perusahaan yang diangkat berdasarkan Surat Governance Policy Committee, appointed based on the
Keputusan Rapat Dewan Komisaris, sebagai berikut: Resolution of the Board of Commissioners’ Meeting, is as
follows:
Periode
Nama Jabatan Jabatan di Perseroan Keahlian
Menjabat
Name Position Position at the Company Expertise
Term of Office
Ketua Komisaris Bidang Hukum
Toshinari Tokoi1) 2023-2025*
Chairman Commissioner Legal Sector
Ketua Komisaris Bidang Bisnis dan Ekonomi
Hideaki Nomura2) 2025-2027*
Chairman Commissioner Business and Economics Sector
Anggota Komisaris Independen Bidang Ekonomi
Ardhayadi Mitroatmodjo1) 2023-2025*
Member Independent Commissioner Economic Sector
Anggota Komisaris Independen Bidang Keuangan
Teuku Radja Sjahnan3) 2025-2027*
Member Independent Commissioner Finance Sector
PT MSIG Life Insurance Indonesia Tbk 200 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Periode
Nama Jabatan Jabatan di Perseroan Keahlian
Menjabat
Name Position Position at the Company Expertise
Term of Office
Anggota Komisaris Independen Bidang Keuangan dan Pajak
Nazly Parlindungan Siregar 2024-2026*
Member Independent Commissioner Finance and Tax Sector
Bidang Kepatuhan, Tata Kelola
Anggota Chief Compliance, Legal, & Perusahaan, dan Hukum
Renova Siregar 2023**
Member Corporate Secretary Compliance, Corporate
Governance, and Legal Sectors
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak tanggal 24 Juni 2025. / Effectively in position as of June 24, 2025.
3)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
Keterangan / Remarks:
* Periode menjabat mengikuti periode sebagai Dewan Komisaris. / The service period follows the term of office as a member of the Board of Commissioners.
** Periode menjabat tidak diatur karena melekat pada jabatan (ex officio). / The term of office is not regulated as it is inherent to the position (ex officio).
Profil Komite Kebijakan Tata Kelola Profile of the Good Corporate Governance
Perusahaan Committee
Profil lengkap ketua dan anggota Komite Kebijakan Tata Kelola The full profile of the chairman and members of the Good
Perusahaan dapat dilihat pada bab Profil Perusahaan bagian Corporate Governance Committee can be seen in the Company
Profil Dewan Komisaris dan Profil Pengurus Manajemen. Profile chapter in the Profile of the Board of Commissioners
and Profile of the Board of Management sections.
Pernyataan Independensi Komite Kebijakan Independency Statement of Good Corporate
Tata Kelola Perusahaan Governance Committee
Anggota Komite Kebijakan Tata Kelola Perseroan tidak Members of the Company’s Good Corporate Governance
memiliki keterkaitan afiliasi, kekeluargaan, maupun keuangan Committee have no affiliation, familial, or financial
dengan organ Perseroan ataupun Pemegang Saham relationships with the Company’s governing bodies or
Utama dan Pengendali, baik langsung maupun tidak langsung, the Major and Controlling Shareholders, either directly or
sehingga independensi dan integritas dalam menjalankan indirectly. Accordingly, their independence and integrity in
fungsi pengawasan senantiasa terjaga. carrying out supervisory functions are consistently maintained.
Rapat Komite Kebijakan Tata Kelola Good Corporate Governance Committee’s
Perusahaan Meeting
Komite Kebijakan Tata Kelola Perusahaan menyelenggarakan The Corporate Governance Policy Committee holds meetings
rapat secara berkala sekurang-kurangnya 1 kali dalam 3 bulan on a regular basis at least once every 3 months to ensure the
untuk memastikan efektivitas penerapan prinsip tata kelola. effective implementation of corporate governance principles.
Setiap hasil rapat dituangkan dalam risalah yang didistribusikan The outcomes of each meeting are documented in minutes
kepada Dewan Komisaris sebagai bahan evaluasi dan tindak and distributed to the Board of Commissioners for evaluation
lanjut. and follow-up.
Rincian kehadiran rapat masing-masing anggota Komite Details of the attendance of each member of the Good
Kebijakan Tata Kelola Perusahaan sepanjang tahun 2025 Corporate Governance Committee throughout 2025 are
diuraikan sebagai berikut: presented as follows:
Kehadiran
Nama Jabatan Total Rapat Total Kehadiran
Attendance
Name Position Total Meetings Total Attendance
(%)
Ketua
Toshinari Tokoi1) 4 4 100
Chairman
Ketua
Hideaki Nomura2) 3 3 100
Chairman
Anggota
Ardhayadi Mitroatmodjo1) 4 4 100
Member
Anggota
Teuku Radja Sjahnan3) 2 2 100
Member
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Tata Kelola Perusahaan
Good Corporate Governance
Kehadiran
Nama Jabatan Total Rapat Total Kehadiran
Attendance
Name Position Total Meetings Total Attendance
(%)
Anggota
Nazly Parlindungan Siregar 6 6 100
Member
Anggota
Renova Siregar 6 6 100
Member
Rata-Rata Kehadiran
100
Average Attendance
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak tanggal 24 Juni 2025. / Effectively in position as of June 24, 2025.
3)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 21 Januari 2026. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on January 21, 2026.
Pelaksanaan Tugas Komite Kebijakan Tata Implementation of Good Corporate
Kelola Perusahaan Governance Committee’s Duties
Sepanjang tahun 2025, Komite Kebijakan Tata Kelola Throughout 2025, the Good Corporate Governance Committee
Perusahaan menjalankan tugas dan tanggung jawab sebagai carried out its duties and responsibilities as follows:
berikut:
1. Mengkaji kebijakan GCG yang disusun oleh Direksi; 1. Reviewing GCG policies prepared by the Board of
Directors;
2. Menilai konsistensi penerapan GCG, termasuk yang 2. Assessing the consistency of GCG implementation,
berkaitan dengan etika bisnis dan tanggung jawab sosial including matters related to business ethics and corporate
perusahaan (corporate social responsibility); social responsibility;
3. Mengevaluasi Pedoman Kerja Komite Kebijakan Tata 3. Periodically evaluating the Corporate Governance Policy
Kelola Perusahaan secara berkala disesuaikan dengan Committee Charter in accordance with developments in
perkembangan ketentuan peraturan perundang-undangan; applicable laws and regulations;
4. Melakukan peninjauan dan evaluasi terhadap hal-hal yang 4. Reviewing and evaluating matters, including, but not
termasuk, namun tidak terbatas pada: limited to:
a. Program kepatuhan; a. Compliance programs;
b. Peraturan baru yang memiliki dampak pada Perseroan; b. New regulations that have an impact on the Company;
c. Pelaporan ke otoritas terkait; dan c. Reporting to relevant authorities; and
d. Hal-hal lain terkait tata kelola perusahaan yang perlu d. Other corporate governance matters that require
mendapatkan perhatian Dewan Komisaris. the attention of the Board of Commissioners.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Kebijakan Tata Kelola Perusahaan Programs for Good Corporate Governance
Committee
Pengembangan kompetensi yang diikuti oleh anggota The competency development programs attended by Good
Komite Kebijakan Tata Kelola Perusahaan selama tahun 2025 Corporate Governance Committee’s members in 2025 can
dapat dilihat pada uraian Pelatihan dan/atau Peningkatan be seen in the description of Competency Training and/or
Kompetensi Dewan Komisaris dan Pengurus Manajemen. Development Programs for the Board of Commissioners and
Board of Management.
Komite Nominasi dan Remunerasi Nomination and Remuneration Committee
Komite Remunerasi dan Nominasi mendukung Dewan The Nomination and Remuneration Committee supports
Komisaris dalam merumuskan serta mengawasi kebijakan the Board of Commissioners in formulating and supervising
remunerasi bagi organ Perseroan agar selaras dengan remuneration policies for the Company’s organs to ensure
prinsip tata kelola yang baik. Selain itu, komite ini berperan alignment with the good corporate governance principles.
memberikan rekomendasi pencalonan anggota Dewan In addition, the committee provides recommendations on
Komisaris, Direksi, maupun pihak independen yang dinilai the nomination of members of the Board of Commissioners,
tepat untuk memperkuat struktur keanggotaan komite. Board of Directors, and independent parties deemed
appropriate to strengthen the composition of committee
memberships.
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Tata Kelola Perusahaan
Good Corporate Governance
Pedoman Kerja Komite Nominasi Nomination and Remuneration Committee’s
dan Remunerasi Charter
Komite Nominasi dan Remunerasi melaksanakan tugasnya The Nomination and Remuneration Committee performs
berdasarkan Pedoman Kerja yang terakhir diperbarui pada its duties in accordance with the Charter, which were lastly
27 Juni 2023, mencakup komposisi dan struktur keanggotaan, updated on June 27, 2023, covering the composition and
pengangkatan, tugas dan tanggung jawab, tata cara kerja, structure of membership, appointment procedures, duties and
mekanisme rapat, serta pelaporan, yang seluruhnya telah responsibilities, working procedures, meeting mechanisms,
disesuaikan dengan ketentuan peraturan dan dipublikasikan and reporting, all of which have been aligned with applicable
melalui situs web Perseroan. laws and regulations and disclosed through the Company’s
website.
Tugas dan Tanggung Jawab Komite Nominasi Duties and Responsibilities of Nomination and
dan Remunerasi Remuneration Committee
Komite Nominasi dan Remunerasi memastikan proses The Nomination and Remuneration Committee ensures
nominasi dan kebijakan remunerasi berlangsung objektif serta that the nomination process and remuneration policies are
selaras dengan kebutuhan organisasi. Penjabaran tugasnya implemented objectively and in line with the Company’s
disampaikan pada bagian berikut: organizational needs. The duties are describe in the following
section:
1. Bidang Nominasi: 1. Nomination Function:
a. Memberikan rekomendasi kepada Dewan Komisaris a. Providing recommendations to the Board of
terkait komposisi, kriteria nominasi, evaluasi kinerja, Commissioners on the composition, nomination criteria,
pengembangan, serta sistem penilaian, pemilihan, performance evaluation, development programs,
dan penggantian anggota Direksi, Dewan Komisaris, as well as assessment, selection, and replacement
maupun Pejabat Eksekutif; system for members of the Board of Directors, Board
of Commissioners, and Executive Officers;
b. Memberikan usulan calon anggota Direksi dan/atau b. Proposing candidates for members of the Board
Dewan Komisaris untuk diajukan kepada RUPS, serta of Directors and/or Board of Commissioners to
mengusulkan Pihak Independen yang akan menjadi be submitted to the GMS, as well as proposing
anggota Komite Audit dan Komite Pemantau Risiko; Independent Parties to serve as members of the Audit
Committee and Risk Oversight Committee;
c. Membantu Dewan Komisaris dalam melakukan c. Assisting the Board of Commissioners in conducting
penilaian kinerja Direksi dan/atau Dewan Komisaris performance evaluations of the Board of Directors
berdasarkan tolok ukur yang telah ditetapkan sebagai and/or Board of Commissioners based on established
dasar evaluasi; dan benchmarks as a basis for assessment; and
d. Melakukan evaluasi berkala atas Pedoman Kerja d. Conducting periodic evaluations of the Committee’s
Komite agar senantiasa selaras dengan perkembangan Charter to ensure continued alignment with
ketentuan peraturan perundang-undangan. developments in applicable laws and regulations.
2. Bidang Remunerasi: 2. Remuneration Function:
a. Memastikan kebijakan dan sistem remunerasi a. Ensuring that the Company’s remuneration policies
Perseroan transparan, sesuai prinsip kehati-hatian, and systems are transparent, in line with the principle
serta sejalan dengan ketentuan peraturan perundang- of prudence, and comply with applicable laws and
undangan; regulations;
b. Melakukan evaluasi berkala atas kebijakan remunerasi b. Periodically evaluating remuneration policies by
dengan mempertimbangkan kinerja, risiko, kewajaran, considering performance, risk, fairness, long-term
strategi jangka panjang, cadangan, serta proyeksi strategy, reserves, and revenue projections, then
pendapatan, dan menyampaikan rekomendasi submitting recommendations to the Board of
tersebut kepada Dewan Komisaris; Commissioners;
c. Membantu Dewan Komisaris dalam menilai kesesuaian c. Assisting the Board of Commissioners in assessing
remunerasi yang diterima anggota Direksi dan/atau the appropriateness of remuneration received by
Dewan Komisaris dengan kinerja masing-masing; dan members of the Board of Directors and/or Board
of Commissioners in relation to their respective
performance; and
d. Melakukan evaluasi atas Pedoman Kerja Komite secara d. Conducting periodic evaluations of the Committee’s
berkala agar selalu relevan dengan perkembangan Charter to ensure its continued relevance to prevailing
ketentuan yang berlaku. regulatory developments.
2025 Annual Report 203 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Komposisi Komite Nominasi dan Remunerasi Composition of Nomination and Remuneration
Committee
Komite Nominasi dan Remunerasi Perseroan sedikitnya terdiri The Company’s Nomination and Remuneration Committee
atas 3 anggota, meliputi Komisaris Independen sebagai ketua consists of a minimum 3 members, comprising an Independent
merangkap anggota, seorang anggota dari Komisaris atau Commissioner serving as Chairman and concurrently as
Pihak Independen yang ahli di bidang sumber daya manusia, a member, a member from among the Commissioners or an
serta seorang anggota dari Pejabat Eksekutif non-direksi atau Independent Party with expertise in human resources, and
perwakilan pegawai dengan pengetahuan mengenai sistem a member from among non-Director Executive Officers or
remunerasi, nominasi, dan rencana suksesi. an employee representative with knowledge of remuneration
systems, nomination processes, and succession planning.
Adapun susunan Komite Nominasi dan Remunerasi Perseroan The composition of the Company’s Nomination and
yang diangkat berdasarkan Keputusan Dewan Komisaris Remuneration Committee, appointed based on the
Perseroan No. 029/MSL-SK/VI/2025 tanggal 24 Juni 2025, Resolution of the Company’s Board of Commissioners
diuraikan sebagai berikut: No. 029/MSL-SK/VI/2025 dated June 24, 2025, is as follows:
Periode
Nama Jabatan Jabatan di Perseroan Menjabat Keahlian
Name Position Position at the Company Expertise
Term of Office
Ketua Komisaris Independen Bidang Ekonomi
Sidharta Akmam 2025-2027*
Chairman Independent Commissioner Economic Sector
Anggota Komisaris Bidang Bisnis
Indra Widjaja 2025-2027*
Member Commissioner Business Sector
Anggota Komisaris Bidang Bisnis Administrasi
Hideaki Nomura 2025-2027*
Member Commissioner Business Administration Sector
Anggota Komisaris Bidang Hukum
Toshinari Tokoi1) 2023-2025*
Member Commissioner Legal Sector
Anggota Komisaris Bidang Investasi
Kimitake Sugiura2) 2025-2027*
Member Commissioner Investment Sector
Anggota Bidang Sumber Daya Manusia
Bagus Harimawan3) Chief Human Capital Officer 2025**
Member Human Resources Sector
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on December 19, 2025.
3)
Efektif menjabat sejak tanggal 27 Mei 2025. / Effectively in position as of May 27, 2025.
Keterangan / Remarks:
* Periode menjabat mengikuti periode sebagai Dewan Komisaris. / The service period follows the term of office as a member of the Board of Commissioners.
** Periode menjabat tidak diatur karena melekat pada jabatan (ex officio). / The term of office is not regulated as it is inherent to the position (ex officio).
Profil Komite Nominasi dan Remunerasi Profile of the Nomination and
Remuneration Committee
Profil lengkap ketua dan anggota Komite Nominasi dan See full profile of the chairman and members of Nomination
Remunerasi dapat dilihat pada bab Profil Perusahaan bagian and Remuneration Committee in the Company Profile chapter
Profil Dewan Komisaris dan Profil Pengurus Manajemen. in the Profile of the Board of Commissioners and Profile of
the Board of Management section.
Pernyataan Independensi Komite Nominasi Independency Statement of Nomination and
dan Remunerasi Remuneration Committee
Komite Nominasi dan Remunerasi menjalankan tugasnya The Nomination and Remuneration Committee carries out
secara independen, mandiri, dan profesional tanpa benturan its duties independently, autonomously, and professionally,
kepentingan maupun pengaruh dari pihak mana pun. Selain without any conflicts of interest or influence from any party.
itu, seluruh anggota Komite Nominasi dan Remunerasi In addition, all members of the Company’s Nomination and
Perseroan juga senantiasa terbebas dari hubungan afiliasi Remuneration Committee are free from any affiliation or
maupun kekeluargaan dengan organ internal perusahaan familial relationships with the Company’s internal organs and
serta tidak merangkap jabatan pada komite lain di Perseroan. do not hold concurrent positions on other committees within
the Company.
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Tata Kelola Perusahaan
Good Corporate Governance
Rapat Komite Nominasi dan Remunerasi Nomination and Remuneration Committee’s
Meeting
Komite Nominasi dan Remunerasi menyelenggarakan rapat The Nomination and Remuneration Committee holds
secara berkala, sekurang-kurangnya 1 kali dalam 4 bulan, guna meetings on a regular basis, at least once every 4 months,
memastikan efektivitas pelaksanaan tugas dan fungsi sesuai to ensure the effective performance of its duties and
ketentuan yang berlaku. Pada tahun 2025, Komite Nominasi functions in accordance with applicable regulations. In 2025,
dan Remunerasi telah melaksanakan rapat sebagaimana the Nomination and Remuneration Committee held meetings
diuraikan berikut ini: as outlined below:
Kehadiran
Nama Jabatan Total Rapat Total Kehadiran
Attendance
Name Position Total Meetings Total Attendance
(%)
Ketua
Sidharta Akmam 5 5 100
Chairman
Anggota
Indra Widjaja 5 5 100
Member
Anggota
Hideaki Nomura 5 5 100
Member
Anggota
Toshinari Tokoi1) 3 3 100
Member
Anggota
Kimitake Sugiura2) - - -
Member
Anggota
Bagus Harimawan3) 2 2 100
Member
Rata-Rata Kehadiran
100
Average Attendance
1)
Efektif berakhir masa jabatan pada tanggal 24 Juni 2025. / The term of office effectively ended on June 24, 2025.
2)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 19 Desember 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on December 19, 2025.
3)
Efektif menjabat sejak tanggal 27 Mei 2025. / Effectively in position as of May 27, 2025.
Pelaksanaan Tugas Komite Nominasi dan Implementation of Nomination and
Remunerasi Remuneration Committee’s Duties
Selama tahun 2025, Komite Nominasi dan Remunerasi telah Throughout 2025, the Nomination and Remuneration
melaksanakan tugas dan tanggung jawab sebagai berikut: Committee carried out the following duties and
responsibilities:
1. Nominasi anggota Dewan Komisaris dan/atau Direksi 1. Nomination of members of the Board of Commissioners
Perseroan; dan and/or Board of Directors of the Company; and
2. Penetapan remunerasi anggota Dewan Komisaris 2. Determination of remuneration for members of
dan/atau Direksi Perseroan. the Board of Commissioners and/or Board of Directors of
the Company.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Nominasi dan Remunerasi Programs for Nomination and Remuneration
Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti The competency training and/or development enrolled by
oleh Komite Nominasi dan Remunerasi pada tahun 2025 the Nomination and Remuneration Committee in 2025 can
dapat dilihat pada bagian Pelatihan dan/atau Peningkatan be seen in the Competency Training and/or Development for
Kompetensi Dewan Komisaris dan Pengurus Manajemen. the Board of Commissioners and Board of Management
sections.
2025 Annual Report 205 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Komite Pendukung Direksi
Board of Directors’ Supporting Committee
Komite Investasi dan Keuangan Investment and Finance Committee
Komite Investasi dan Keuangan berperan memberikan The Investment and Finance Committee plays a role in
rekomendasi kepada Direksi terkait kebijakan investasi providing recommendations to the Board of Directors
dan pengelolaan keuangan, termasuk evaluasi peluang, regarding investment policies and financial management,
penelaahan risiko, prospek keuntungan, serta kesesuaian including the evaluation of opportunities, risk assessments,
dengan strategi jangka panjang Perseroan. Komite ini juga return prospects, and alignment with the Company’s
membantu merumuskan serta memantau kebijakan investasi long-term strategy. This committee also assists in formulating
dan keuangan yang diterapkan, dengan evaluasi berkala guna and monitoring the investment and financial policies
memastikan kepatuhan dan efektivitas pelaksanaannya. implemented, with periodic evaluations to ensure compliance
and effectiveness of implementation.
Pedoman Kerja Komite Investasi dan Keuangan Investment and Finance Committee’s Charter
Pedoman Kerja Komite Investasi dan Keuangan yang terakhir The Investment and Finance Committee’s Charter,
diperbarui pada 19 Juni 2023 menjadi acuan formal dalam which were lastly updated on June 19, 2023, serve as
menjalankan fungsi, wewenang, dan tanggung jawabnya. the formal guidelines for the execution of its functions,
Pembaruan ini mencerminkan penyesuaian atas dinamika authorities, and responsibilities. This update reflects
regulasi serta kebutuhan tata kelola yang lebih efektif, adjustments to regulatory developments and the need
sehingga memastikan keputusan investasi dan pengelolaan for more effective governance, thereby ensuring that
keuangan Perseroan selaras dengan prinsip kehati-hatian dan the Company’s investment decisions and financial
strategi jangka panjang. management remain aligned with the principle of prudence
and long-term strategic objectives.
Tugas dan Tanggung Jawab Komite Investasi Duties and Responsibilities of Investment and
dan Keuangan Finance Committee
Sesuai dengan Pedoman Kerja, tugas dan tanggung jawab In line with the Charter, the duties and responsibilities
Komite Investasi dan Keuangan diuraikan sebagai berikut: of the Investment and Finance Committee are described
as follows:
1. Merumuskan dan mengawasi kebijakan investasi yang 1. To formulate and supervise established investment policies
telah ditetapkan serta memastikan pengelolaannya and ensure investments and finances are properly regulated
dilakukan dengan baik sesuai dengan strategi Perseroan; and managed in accordance with the Company’s strategy;
2. Memastikan strategi serta kebijakan investasi dan 2. To ensure investment and financial strategies and policies
keuangan telah sesuai dengan tujuan bisnis Perseroan; are appropriate and reflect the Company’s business
objectives;
3. Meninjau kinerja investasi dan keuangan, bersama 3. To review investment and financial performance, including
dengan elemen pasar, kredit, likuiditas, asset dan liability market, credit, liquidity, asset and liability management,
management, dan posisi aset masing-masing, serta and respective asset position, and ensure alignment with
memastikan keselarasannya dengan tujuan keuangan the Company’s financial objectives;
Perseroan;
4. Meninjau perkiraan dan pengendalian anggaran keuangan 4. To review the forecasts and control of the Company’s
Perseroan; financial budget;
5. Memastikan bahwa investasi dikelola dengan baik; 5. To ensure that the investments are properly managed;
6. Memastikan prosedur operasional telah sesuai dan efisien; 6. To ensure operational procedures are appropriate and
efficient;
7. Memastikan bahwa risiko operasional teridentifikasi serta 7. To ensure that operational risks are identified and
dimitigasi secara tepat; dan mitigated appropriately; and
8. Membuat keputusan atau rekomendasi lebih lanjut terkait 8. To make decisions or recommend further escalation of
hal-hal mendesak. urgent matters.
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Tata Kelola Perusahaan
Good Corporate Governance
Komposisi dan Profil Komite Investasi dan Composition and Profile of Investment and
Keuangan Finance Committee
Informasi seputar komposisi anggota Komite Investasi dan Information on the composition of the Company’s Investment
Keuangan Perseroan sebagaimana ditetapkan dalam Pedoman and Finance Committee, as stipulated in the Work Guidelines,
Kerja, diuraikan sebagai berikut: is presented as follows:
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
Ketua Wakil Presiden Direktur
Satoshi Shiratani1)
Chairman Deputy President Director
Ketua Direktur
Eiji Takahashi2)
Chairman Director
Anggota Presiden Direktur
Wianto
Member President Director
Anggota Direktur
Herman Sulistyo
Member Director
Anggota Wakil Presiden Direktur
Tomoyuki Monden
Member Deputy President Director
Anggota Direktur
Ken Terada
Member Director
Anggota Aktuaris Perusahaan
Ferventika Sundah
Member Corporate Actuary
Anggota
Tju Cunardi Chief Actuary & Product Management
Member
Anggota Division Head of Finance Accounting & Tax, sekaligus sebagai Person in Charge (PIC)
Grandy Adrianto Dulimarta
Member Division Head of Finance Accounting & Tax, concurrently as Person in Charge (PIC)
Anggota
Laurencia Wardhana Division Head of Corporate Planning and Performance Management
Member
Anggota
Ayu Ardelia Putri IFRS 17 Lead
Member
Anggota
Lidya Pebriyanti Division Head of Valuation and Modeling
Member
Anggota
David Santoso Yuwono Division Head of Product Pricing
Member
Anggota
Vaji Vitrada Nasution Division Head of Internal Audit
Member
Profil lengkap ketua dan anggota Komite Investasi dan Keuangan dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi,
Profil Pengurus Manajemen, dan Profil Pejabat Eksekutif.
See the full profile of the chairman and members of the Investment and Finance Committee in the Company Profile chapter in
the Profile of the Board of Directors, Profile of the Board of Management, and Profile of Executive Officers sections.
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
2)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively in position as of April 22, 2025.
Pernyataan Independensi Komite Investasi Independency Statement of Investment
dan Keuangan and Finance Committee
Komite Investasi dan Keuangan menjalankan tugas dan The Investment and Finance Committee carries out its
tanggung jawabnya secara independen, bebas dari benturan duties and responsibilities independently, free from any
kepentingan maupun pengaruh pihak mana pun. Seluruh conflicts of interest or undue influence from any party. All
anggota komite senantiasa menegakkan profesionalisme Committee members consistently uphold professionalism
serta berpegang pada prinsip objektivitas untuk memastikan and adhere to the principle of objectivity to ensure that every
setiap rekomendasi dan keputusan yang dihasilkan hanya recommendation and decision is made solely in the best
didasarkan pada kepentingan terbaik Perseroan. interests of the Company.
Rapat Komite Investasi dan Keuangan Investment and Finance Committee’s Meeting
Komite Investasi dan Keuangan melaksanakan rapat rutin setiap The Investment and Finance Committee holds regular monthly
bulan guna menjaga konsistensi pengawasan dan keselarasan meetings to ensure consistent supervision and alignment of
keputusan dengan strategi Perseroan. Pada tahun 2025, Komite decisions with the Company’s strategic direction. In 2025,
Investasi dan Keuangan telah melaksanakan rapat sebanyak the Investment and Finance Committee held a total of
12 kali, dengan rata-rata tingkat kehadiran 100%. 12 meetings, with an average attendance rate of 100%.
2025 Annual Report 207 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Pelaksanaan Tugas Komite Investasi Implementation of Investment and
dan Keuangan Finance Committee’s Duties
Pada tahun 2025, Komite Investasi dan Keuangan menjalankan Throughout 2025, the Investment and Finance Committee
tugas dan tanggung jawab sebagai berikut: carried out the following duties and responsibilities:
1. Mengevaluasi Pedoman Kerja Komite Investasi dan 1. Periodically evaluating the Investment and Finance
Keuangan secara berkala sesuai dengan peraturan Committee’s Work Guidelines in accordance with
perundang-undangan yang berlaku; prevailing laws and regulations;
2. Melakukan pemantauan dan evaluasi rutin atas kinerja 2. Conducting regular monitoring and evaluation of
investasi dan keuangan yang telah diterapkan; implemented investment and financial performance;
3. Melakukan pembaruan terhadap kebijakan dan pedoman 3. Updating investment and financial policies and guidelines
investasi serta keuangan dengan menyesuaikan pada in alignment with applicable regulatory requirements;
ketentuan regulasi yang berlaku;
4. Mengidentifikasi potensi risiko atas investasi dan 4. Identifying potential investment risks and formulating
merancang langkah mitigasinya; dan mitigation measures; and
5. Menyetujui strategi investasi tahunan sebagai dasar arah 5. Approving the annual investment strategy as the basis
pengelolaan portofolio investasi Perseroan. for the Company’s investment portfolio management
direction.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Investasi dan Keuangan Programs for Investment and Finance
Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development attended by
Komite Investasi dan Keuangan pada tahun 2025 dapat dilihat the Investment and Finance Committee in 2025 can be seen in
pada bagian Pelatihan dan/atau Peningkatan Kompetensi the Competency Training and/or Improvement for the Board
Direksi, Pengurus Manajemen, dan Pejabat Eksekutif. of Directors, Board of Management, and Executive Officers
sections.
Komite Teknologi Informasi dan Information Technology and Operations
Operasional Committee
Komite Teknologi Informasi dan Operasional dibentuk untuk The Information Technology and Operations Committee
mendukung Direksi dalam memantau dan mengevaluasi was established to support the Board of Directors in
pengelolaan teknologi, sistem informasi, dan proses monitoring and evaluating the management of technology,
operasional Perseroan. Komite ini memberikan masukan information system, and the Company’s operational process.
strategis untuk memastikan infrastruktur TI, tata kelola data, The Committee provides strategic input to ensure that IT
dan operasional berjalan efisien serta mendukung pencapaian infrastructure, data governance, and operational activities
tujuan bisnis secara optimal. are managed efficiently and effectively in support of
the Company’s business objectives.
Pedoman Kerja Komite Teknologi Informasi Information Technology and Operations
dan Operasional Committee’s Charter
Pelaksanaan fungsi, wewenang, dan tanggung jawab Komite The functions, authorities, and responsibilities of the Company’s
Teknologi Informasi dan Operasional Perseroan disandarkan Information Technology and Operations Committee are
pada Pedoman Kerja yang terakhir diperbarui pada governed by the Committee’s Charter, which were lastly updated
20 Juni 2023. Pedoman tersebut memastikan pengawasan on June 20, 2023. The Charter ensure that the supervision
dan rekomendasi terkait sistem informasi, infrastruktur TI, and recommendations related to information system, IT
dan proses operasional dilakukan secara efektif dan selaras infrastructure, and operational process are carried out effectively
dengan strategi bisnis Perseroan. and in alignment with the Company’s business strategy.
Tugas dan Tanggung Jawab Komite Teknologi Duties and Responsibilities of Information
Informasi dan Operasional Technology and Operations Committee
Komite Teknologi Informasi dan Operasional menjalankan The Information Technology and Operations Committee
fungsi pengawasan atas keandalan sistem, keamanan data, performs supervision of system reliability, data security, and
dan efektivitas operasional dengan rincian sebagai berikut: operational effectiveness, with responsibilities including
the following:
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Tata Kelola Perusahaan
Good Corporate Governance
1. Mengembangkan, meninjau, memantau, dan 1. Developing, reviewing, monitoring, and promoting
mempromosikan strategi teknologi informasi dan information technology and operational strategies, and
operasional, serta memastikan penerapan sumber daya ensuring that resources are deployed efficiently and in
dilakukan secara efisien dan sesuai ketentuan Perseroan; accordance with the Company’s policies and regulations;
2. Memastikan kebijakan, strategi, dan indikator kinerja 2. Ensuring that information technology and operational
teknologi informasi dan operasional disusun dengan policies, strategies, and performance indicators are
target yang terukur, dikelola sesuai strategi bisnis, established with measurable targets, managed in line
menetapkan prioritas pekerjaan, mengidentifikasi serta with the business strategy, set priorities for work, identify
memitigasi risiko secara tepat, dan memberikan keputusan and mitigate risks appropriately, and provide decisions or
atau rekomendasi atas isu mendesak; recommendations on urgent issues;
3. Memberikan rekomendasi kepada Direksi terkait: rencana 3. Providing recommendations to the Board of Directors
pengembangan TI dan operasional, perumusan kebijakan regarding: IT and operational development plans,
dan prosedur, kesesuaian proyek dan teknologi dengan formulation of policies and procedures, projects and
rencana serta kebutuhan sistem informasi manajemen, technologies alignment with management information
efektivitas mitigasi risiko investasi TI, pemantauan dan system plans and requirements, IT investment risk
peningkatan kinerja TI, penyelesaian masalah yang tidak mitigation effectiveness, IT performance monitoring
dapat diselesaikan oleh unit operasional, serta kecukupan and enhancement, resolution of issues that cannot
alokasi sumber daya TI Perseroan; dan be addressed by operational units, and adequacy of
the Company’s IT resource allocation; and
4. Menyampaikan laporan secara berkala kepada Direksi 4. Submitting periodic reports to the Board of Directors on
mengenai aktivitas dan temuan komite. the Committee’s activities and findings.
Komposisi dan Profil Komite Teknologi Composition and Profile of Information
Informasi dan Operasional Technology and Operations Committee
Susunan keanggotaan Komite Teknologi Informasi dan The composition of the Company’s Information Technology
Operasional Perseroan ditetapkan berdasarkan ketentuan and Operations Committee is determined in accordance
Pedoman Kerja yang berlaku dengan rincian sebagai berikut: with the applicable provisions of the Committee’s Charter, as
detailed below:
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
Ketua Direktur
Andrew Bain1)
Chairman Director
Ketua Direktur
Elly Susanti2)
Chairman Director
Anggota Wakil Presiden Direktur
Tomoyuki Monden
Member Deputy President Director
Anggota Direktur
Herman Sulistyo
Member Director
Anggota Direktur
Ken Terada
Member Director
Anggota
Inasari Andayani Atmodjo Chief Partnership Distribution Officer
Member
Anggota
Renova Siregar Chief Compliance, Legal, and Corporate Secretary
Member
Anggota Division Head of Information Technology, sekaligus sebagai Person in Charge (PIC)
Bong Himmia
Member Division Head of Information Technology, concurrently as Person in Charge (PIC)
Anggota
Fandi Arrya Permana Division Head of IT Security and Governance
Member
Division Head of Operation Development and Control, sekaligus sebagai Person in
Anggota Charge (PIC)
Yulia Andri Hartiana
Member Division Head of Operation Development and Control, concurrently as Person in
Charge (PIC)
Anggota
Anita Junianti Division Head of Customer & Distributor Care
Member
Anggota
Johana Louhenapessy Division Head of Compliance & Fraud Investigation
Member
2025 Annual Report 209 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
Anggota
Leony Samosir Division Head of Legal & Corporate Secretary;
Member
Anggota
Troy Steve Kipuw Division Head of Risk Management
Member
Anggota
Ferry Tjong Chief Agency Officer
Member
Anggota
Vaji Vitrada Nasution Division Head of Internal Audit
Member
Anggota
Ratna Kencana Putra Division Head of Digital, Alternative Distribution & Customer Proposition
Member
Profil lengkap ketua dan anggota Komite Teknologi Informasi dan Operasional dapat dilihat pada bab Profil Perusahaan bagian
Profil Direksi, Profil Pengurus Manajemen, dan Profil Pejabat Eksekutif.
See the full profile of the chairman and members of the Information Technology and Operations Committee in the Company Profile
chapter in the Profile of the Board of Directors, Profile of the Board of Management, Profile of Executive Officers sections.
1)
Efektif mengundurkan diri pada tanggal 7 Januari 2025. / Effectively resigned as of January 7, 2025.
2)
Efektif menjabat sejak tanggal 20 Agustus 2025. / Effectively in position as of August 20, 2025.
Pernyataan Independensi Komite Teknologi Independency Statement of Information
Informasi dan Operasional Technology and Operations Committee
Seluruh anggota Komite Teknologi Informasi dan Operasional All members of the Information Technology and Operations
melaksanakan fungsi dan tanggung jawabnya secara Committee perform their duties and responsibilities
independen, bebas dari pengaruh atau benturan kepentingan independently, free from any influence or conflicts of interest
dari pihak mana pun. Selain itu, prinsip profesionalisme from any party. Furthermore, the principles of professionalism
dan objektivitas senantiasa dijunjung, sehingga seluruh and objectivity are consistently upheld, ensuring that all
pertimbangan dan rekomendasi yang diberikan sepenuhnya considerations and recommendations are made solely in
didasarkan pada kepentingan terbaik Perseroan. the best interests of the Company.
Rapat Komite Teknologi Informasi dan Information Technology and Operations
Operasional Committee’s Meeting
Komite Teknologi Informasi dan Operasional menyelenggarakan The Information Technology and Operations Committee
rapat secara berkala, sekurang-kurangnya 4 kali dalam setahun, holds meetings on a regular basis, at least 4 times per year,
atau sesuai kebutuhan. Pada tahun 2025, Komite Teknologi or as necessary. In 2025, the Information Technology and
Informasi dan Operasional telah melaksanakan rapat sebanyak Operations Committee held a total of 4 times meetings, with
4 kali, dengan rata-rata tingkat kehadiran 100%. an average attendance rate of 100%.
Pelaksanaan Tugas Komite Teknologi Implementation of Information Technology
Informasi dan Operasional and Operations Committee’s Duties
Pada tahun 2025, Komite Teknologi Informasi dan Operasional In 2025, the Information Technology and Operations
menjalankan tugas dan tanggung jawab sebagai berikut: Committee carried out the following duties and
responsibilities:
1. Melakukan pemantauan dan evaluasi secara rutin terhadap 1. Conducting regular monitoring and evaluation of
implementasi proyek-proyek teknologi informasi dan the implementation of information technology and
operasional; operational projects;
2. Mengupayakan peningkatan tingkat keamanan perangkat 2. Enhancing the level of security of electronic devices used
elektronik yang digunakan dalam mendukung aktivitas to support the Company’s business activities;
bisnis Perseroan;
3. Melaksanakan mitigasi atas risiko yang terkait dengan 3. Carrying out mitigation of risks related to information
teknologi informasi serta menangani permasalahan yang technology and addressing issues arising in operational
timbul dalam kegiatan operasional; dan activities; and
4. Menyetujui proposal terkait pengembangan dan 4. Approving proposals related to the development and
penguatan infrastruktur teknologi informasi guna strengthening of information technology infrastructure
mendukung efektivitas operasional. to support operational effectiveness.
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Tata Kelola Perusahaan
Good Corporate Governance
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Teknologi Informasi dan Operasional Programs for Information Technology and
Operations Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti The competency training and/or development attended by
oleh Komite Teknologi Informasi dan Operasional pada the Information and Operational Technology Committee in 2025
tahun 2025 dapat dilihat pada bagian Pelatihan dan/atau can be seen in the Competency Training and/or Enhancement
Peningkatan Kompetensi Direksi, Pengurus Manajemen, for the Board of Directors, Board of Management, and Executive
dan Pejabat Eksekutif. Offices sections.
Product Steering Committee Product Steering Committee
Product Steering Committee dibentuk sebagai komite The Product Steering Committee was established as
pendukung Direksi dalam memperkuat daya saing Perseroan a supporting committee to the Board of Directors to strengthen
melalui pengelolaan produk dan strategi pemasaran yang the Company’s competitiveness through appropriate product
tepat sasaran. Keberadaan komite ini berfungsi memastikan management and targeted marketing strategies. The Committee
setiap inisiatif produk dan aktivitas pemasaran tidak hanya ensures that all product initiatives and marketing activities are
relevan dengan kebutuhan pasar, tetapi juga sejalan dengan not only aligned with market needs, but also consistent with
arah bisnis dan nilai keberlanjutan Perseroan. the Company’s business direction and sustainability values.
Pedoman Kerja Product Steering Committee Product Steering Committee’s Charter
Product Steering Committee menjalankan fungsinya dengan The Product Steering Committee performs its functions based
berlandaskan pada Pedoman Kerja yang terakhir diperbarui on the Committee’s Charter, which were lastly updated
pada 20 Juni 2023 sebagai acuan pelaksanaan tugas dan on June 20, 2023, and serve as the primary guidelines for
wewenangnya. the execution of its duties and authorities.
Tugas dan Tanggung Jawab Product Steering Duties and Responsibilities of Product
Committee Steering Committee
Berdasarkan dengan pedoman kerja, tugas dan tanggung Based on the work guidelines, the Product Steering Committee
jawab Product Steering Committee diuraikan sebagai berikut: and responsibilities are outlined below:
1. Menyusun, meninjau, memantau, sekaligus mempromosikan 1. To develop, review, monitor, and promote product
strategi pengembangan dan pemasaran produk; development and marketing strategies;
2. Menyusun rencana strategis pengembangan dan 2. To create a strategic plan for product development and
pemasaran produk; marketing;
3. Mengevaluasi kesesuaian produk yang akan dipasarkan 3. To evaluate the suitability of the products to be marketed
dengan rencana strategis Perseroan; with the Company’s strategic plan;
4. Mengevaluasi kinerja produk asuransi dan mengusulkan 4. To assess the performance of insurance products and
perubahan atau penghentian pemasarannya; propose changes or discontinuation of marketing;
5. Memastikan bahwa kebijakan, strategi, dan indikator 5. To ensure that the Company’s product and marketing
kinerja produk dan pemasaran Perseroan disampaikan policies, strategies and performance indicators are
dengan target yang terukur dan jelas; delivered with measurable and clear targets;
6. Memastikan bahwa seluruh aktivitas pemasaran 6. To ensure that all marketing activities are managed in
dikelola sesuai dengan strategi Perseroan, serta accordance with Company strategy, as well as recommend
merekomendasikan kinerja taktis untuk mencapai target; tactical performance to achieve targets;
7. Memberikan wawasan industri terkait produk dan aktivitas 7. To provide industry insight into product relations and
pemasaran; marketing activities;
8. Memastikan bahwa risiko operasional dari aktivitas 8. To ensure that operational risks from marketing and
pemasaran dan pengembangan produk, termasuk desain product development activities, including design and
dan harga, teridentifikasi serta dimitigasi secara tepat; pricing, are identified and appropriately mitigated;
9. Membuat keputusan atau rekomendasi lebih lanjut terkait 9. To make further decisions or recommendations regarding
hal-hal mendesak; dan urgent matters; and
10. Melapor secara berkala kepada Direksi sehubungan 10. To report regularly to the Board of Directors regarding its
dengan aktivitasnya. activities.
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Tata Kelola Perusahaan
Good Corporate Governance
Komposisi dan Profil Product Steering Composition and Profile of Product Steering
Committee Committee
Susunan anggota Product Steering Committee Perseroan The composition of the Company’s Product Steering
ditetapkan sesuai ketentuan yang berlaku dengan rincian Committee is determined in accordance with applicable
sebagai berikut: regulations, with the following details:
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
Ketua
Tju Cunardi Chief Actuary & Product Management
Chairman
Anggota Presiden Direktur
Wianto
Member President Director
Anggota Wakil Presiden Direktur
Satoshi Shiratani1)
Member Deputy President Director
Anggota Wakil Presiden Direktur
Tomoyuki Monden2)
Member Deputy President Director
Anggota Direktur
Herman Sulistyo
Member Director
Anggota Direktur
Eiji Takahashi3)
Member Director
Anggota Direktur
Elly Susanti4)
Member Director
Anggota Direktur
Ken Terada
Member Director
Anggota
David Santoso Yuwono Division Head of Product Pricing
Member
Anggota Division Head of Product Management, sekaligus sebagai Person in Charge (PIC)
Ephron Benaja
Member Division Head of Product Management, concurrently as Person in Charge (PIC)
Anggota
Ivan Christianto Division Head of Corporate Communication
Member
Anggota
Bong Himmia Division Head of Information Technology
Member
Anggota
Johana Louhenapessy Division Head of Compliance & Fraud Investigation
Member
Anggota
Leony Samosir Division Head of Legal & Corporate Secretary
Member
Anggota
Vaji Vitrada Nasution Division Head of Internal Audit
Member
Anggota Aktuaris Perusahaan
Ferventika Sundah
Member Company Actuary
1. Sutrisno Ho (Division Head of Emerging
Bank Partner)
2. Ladiyana Prihantini (Sharia Business
Head)
3. Lylianty Jo (Head of DMTM)
4. Ferry Tjong (Chief Agency Officer)
5. Ayu Meidyawati (Corporate & DPLK
Business Head)
6. Makoto Abe (Japanese Desk Business Anggota
Head of All (Channel) Business
Transformation Advisor) Member
7. Yasuhiro Suzuki (Head of Japanese Desk)
8. Inasari Andayani Atmodjo (Chief
Partnership Distribution Officer)
9. Lidya Pebriyanti (Division Head of
Valuation & Modeling)
10. Ratna Kencana Putra (Division Head
of Digital, Alternative Distribution &
Customer Proposition)
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Tata Kelola Perusahaan
Good Corporate Governance
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
11. Troy Steve Kipuw (Division Head of Risk
Management)
12. Bianka Margareth Simatupang (Division
Head of Group Operation)
13. Michael Sukarna (Division Head of
Individual Operation and Claim) Anggota
Head of All (Channel) Business
14. Anita Junianti (Division Head of Member
Customer and Distributor Care)
15. Rheza Karyanto (Division Head of
Preferred Bank Partner)
16. Wendy Wijaya (Division Head of MRI
Business)
Profil lengkap ketua dan anggota Product Steering Committee dapat dilihat pada bab Profil Perusahaan bagian
Profil Direksi, Profil Pengurus Manajemen, dan Profil Pejabat Eksekutif.
See the full profile of the chairman and members of the Product Steering Committee in the Company Profile chapter in
the Profile of the Board of Directors, Profile of the Board of Management, and Profile of Executive Officers sections.
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
2)
Efektif menjabat sebagai Wakil Presiden Direktur sejak tanggal 22 April 2025. / Effectively in position as Deputy President Director as of April 22, 2025.
3)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively in position as of April 22, 2025.
4)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
Pernyataan Independensi Product Steering Independency Statement of Product Steering
Committee Committee
Product Steering Committee melaksanakan tugas secara The Product Steering Committee performs its duties
independen, tanpa keterikatan afiliasi, hubungan keuangan, independently, without any affiliation, financial relationship,
kepengurusan, kepemilikan saham, maupun ikatan keluarga managerial involvement, share ownership, or familial ties
dengan organ Perseroan maupun Pemegang Saham with the Company’s organs or its Major adn Controlling
Utama dan Pengendali. Dengan demikian, objektivitas dan Shareholder. Therefore, objectivity and professionalism are
profesionalisme senantiasa terjaga dalam setiap proses consistently upheld in every decision-making process and in
pengambilan keputusan serta pemberian rekomendasi kepada providing recommendations to the Board of Directors.
Direksi.
Rapat Product Steering Committee Product Steering Committee’s Meeting
Rapat Product Steering Committee diselenggarakan The Product Steering Committee holds a minimum of
sekurang-kurangnya 4 kali dalam setahun, dengan kemungkinan 4 meetings per year, with additional meetings held as
penambahan sesuai kebutuhan. Rapat dapat berlangsung necessary. The meetings can be conducted either in person
secara tatap muka maupun telekonferensi, sepanjang tetap or via teleconference, provided that they continue to fulfill all
memenuhi ketentuan keabsahan keputusan. Pada tahun requirements for valid decision-making. In 2025, the Product
2025, Product Steering Committee telah melaksanakan rapat and Marketing Committee held a total of 12 meetings, with
sebanyak 12 kali, dengan rata-rata tingkat kehadiran 100%. an average attendance rate of 100%.
Pelaksanaan Tugas Product Steering Committee Implementation of Product Steering
Committee’s Duties
Pada tahun 2025, Product Steering Committee menjalankan In 2025, the Product Steering Committee carried out
tugas dan tanggung jawab sebagai berikut: the following duties and responsibilities:
1. Menyusun, meninjau, memantau, sekaligus mempromosikan 1. Formulating, reviewing, monitoring, and promoting
strategi pengembangan dan pemasaran produk; strategies for product development and marketing;
2. Menyusun rencana strategis pengembangan dan 2. Preparing strategic plans for product development and
pemasaran produk; marketing;
3. Mengevaluasi kesesuaian produk yang akan dipasarkan 3. Evaluating the suitability of products to be marketed with
dengan rencana strategis Perseroan; the Company’s strategic plan;
4. Mengevaluasi kinerja produk asuransi dan mengusulkan 4. Evaluating the performance of insurance products and
perubahan atau penghentian pemasarannya; proposing changes or discontinuation of their marketing;
5. Memastikan bahwa kebijakan, strategi, dan indikator 5. Ensuring that the Company’s product and marketing
kinerja produk dan pemasaran Perseroan disampaikan policies, strategies, and performance indicators are
dengan target yang terukur dan jelas; communicated with clear and measurable targets;
2025 Annual Report 213 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
6. Memastikan bahwa seluruh aktivitas pemasaran 6. Ensuring that all marketing activities are managed in
dikelola sesuai dengan strategi Perseroan, serta accordance with the Company’s strategy, as well as
merekomendasikan kinerja taktis untuk mencapai target; recommending tactical performance measures to achieve
targets;
7. Memberikan wawasan industri terkait produk dan aktivitas 7. Providing industry insights related to product and
pemasaran; marketing activities;
8. Memastikan bahwa risiko operasional dari aktivitas 8. Ensuring that operational risks arising from marketing
pemasaran dan pengembangan produk, termasuk desain and product development activities, including design and
dan harga, teridentifikasi serta dimitigasi secara tepat; pricing, are properly identified and mitigated;
9. Membuat keputusan atau rekomendasi lebih lanjut terkait 9. Making decisions or further recommendations regarding
hal-hal mendesak; dan urgent matters; and
10. Melapor secara berkala kepada Direksi sehubungan 10. Reporting periodically to the Board of Directors regarding
dengan aktivitasnya. its activities.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Product Steering Committee Programs for Product Steering Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development enrolled by
Product Steering Committee pada tahun 2025 dapat dilihat the Product Steering Committee in 2025 can be seen in the
pada bagian Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development for the Board of
Direksi, Pengurus Manajemen, dan Pejabat Eksekutif. Directors, Board of Management, and Executive Offices section.
Komite Manajemen Risiko Risk Management Committee
Komite Manajemen Risiko dibentuk untuk mendukung Direksi The Risk Management Committee was established to support
dalam memastikan penerapan manajemen risiko berjalan the Board of Directors in ensuring that risk management
secara efektif dan berkesinambungan. Selain itu, komite juga is implemented effectively and continuously. In addition,
bertugas mengantisipasi potensi risiko yang dapat timbul the committee is responsible for anticipating potential risks
seiring dengan dinamika pertumbuhan bisnis Perseroan, that may arise in line with the Company’s business growth
serta memantau perkembangan eksposur risiko agar tetap dynamics, as well as monitoring developments in risk exposure
berada dalam batas yang dapat diterima. Melalui fungsi to ensure they remain within acceptable limits. Through this
tersebut, Komite Manajemen Risiko berperan dalam menjaga function, the Risk Management Committee plays a key role in
keseimbangan antara pencapaian target usaha sesuai prinsip maintaining a balance between achieving business targets and
kehati-hatian. adhering to the principle of prudence.
Pedoman Kerja Komite Manajemen Risiko Risk Management Committee’s Charter
Pedoman Kerja Komite Manajemen Risiko menjadi acuan The Risk Management Committee’s Work Guidelines serve
utama dalam menjalankan tugas dan tanggung jawabnya, as the primary reference in carrying out its duties and
dengan pembaruan terakhir pada 20 Juni 2023. Pemantauan responsibilities, with the latest update made on June 20, 2023.
tersebut diperlukan untuk menjaga relevansi dan ketepatan The monitoring is necessary to maintain the relevance and
fungsi komite, agar selaras dengan kebutuhan bisnis serta accuracy of the committee’s functions, ensuring they are in line
dinamika industri yang terus berkembang. with business needs and the evolving dynamics of the industry.
Tugas dan Tanggung Jawab Komite Duties and Responsibilities of
Manajemen Risiko Risk Management Committee
Berikut tugas dan tanggung jawab yang diemban oleh Komite The following are the duties and responsibilities carried
Manajemen Risiko berdasarkan pedoman kerja: out by the Risk Management Committee based on the work
guidelines:
1. Menyusun kebijakan, strategi, dan pedoman penerapan 1. To formulate policies, strategies, and guidelines for
manajemen risiko; implementing risk management;
2. Memperbaiki atau menyesuaikan pelaksanaan manajemen 2. To improve or adjust the implementation of risk
risiko berdasarkan hasil evaluasi pelaksanaannya; dan management based on the evaluation results of its
implementation; and
3. Menetapkan hal-hal yang terkait dengan keputusan bisnis 3. To determine matters related to business decisions that
yang menyimpang dari prosedur normal. deviate from normal procedures.
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Tata Kelola Perusahaan
Good Corporate Governance
Komposisi dan Profil Komite Manajemen Risiko Composition and Profile of Risk Management
Committee
Susunan keanggotaan Komite Manajemen Risiko Perseroan The composition of the Company’s Risk Management
terdiri dari para eksekutif yang memiliki peran strategis dalam Committee consists of executives who have strategic roles
mengawasi dan mengelola risiko di Perseroan, dengan rincian in supervising and managing risks in the Company, with
sebagai berikut: the following details:
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
Ketua Wakil Presiden Direktur
Tomoyuki Monden
Chairman Deputy President Director
Anggota Presiden Direktur
Wianto
Member President Director
Anggota Wakil Presiden Direktur
Satoshi Shiratani1)
Member Deputy President Director
Anggota Direktur
Eiji Takahashi2)
Member Director
Anggota Direktur
Elly Susanti3)
Member Director
Anggota Direktur
Herman Sulistyo
Member Director
Anggota Direktur
Ken Terada
Member Director
Anggota
Renova Siregar Chief Compliance, Legal, and Corporate Secretary
Member
Anggota
Tju Cunardi Chief Actuary & Product Management
Member
Anggota
Bagus Harimawan Chief Human Capital Officer
Member
Anggota Division Head of Risk Management, sekaligus sebagai Person in Charge (PIC)
Troy Steve Kipuw
Member Division Head of Risk Management, concurrently as Person in Charge (PIC)
Anggota
Johana Louhenapessy Division Head of Compliance & Fraud Investigation
Member
Anggota
Leony Samosir Division Head of Legal & Corporate Secretary
Member
Anggota
Bong Himmia Division Head of Information Technology
Member
Anggota
Fandi Arrya Permana Division Head of IT Security and Governance
Member
Anggota
Ladiyana Prihantini Division Head of Sharia Business
Member
Anggota
Vaji Vitrada Nasution Division Head of Internal Audit
Member
1. Fitriyana Maya Damayanti (Division Head of
Reinsurance & PLT DPLK) Anggota Pengurus DPLK/Pelaksana Tugas Pengurus DPLK
2. Joelong (Group Actuary Assistant Manager & Member DPLK Management/Implementation of DPLK Management
PLT DPLK)
Profil lengkap ketua dan anggota Komite Manajemen Risiko dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi,
Profil Pengurus Manajemen, dan Profil Pejabat Eksekutif.
See the full profile of the chairman and members of the Risk Management Committee in the Company Profile chapter in the Profile of
the Board of Directors, Profile of the Board of Management, and Profile of Executive Officers sections.
1)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
2)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively in position as of April 22, 2025.
3)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively in position upon being
declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025.
Keterangan / Remarks:
Sehubungan dengan kebutuhan keahlian, Komite dapat mengundang individu lain dari departemen terkait melalui Biro Direksi berdasarkan keputusan ketua.
In relation to the need for expertise, the Committee may invite other individuals from relevant departments through the Board of Directors based on the chairman’s decision.
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Tata Kelola Perusahaan
Good Corporate Governance
Pernyataan Independensi Komite Independency Statement of
Manajemen Risiko Risk Management Committee
Komite Manajemen Risiko menjalankan perannya secara The Risk Management Committee performs its role
independen, dengan memastikan setiap pertimbangan, independently, ensuring that all considerations, decisions, and
keputusan, dan rekomendasi bebas dari pengaruh pihak mana recommendations are free from any external influence. This
pun. Independensi ini menjadi dasar bagi objektivitas dalam independence is the basis for objectivity in assessing policy
menilai penerapan kebijakan, pemantauan eksposur risiko, implementation, monitoring risk exposure, and providing
serta pemberian masukan strategis kepada Direksi. strategic input to the Board of Directors.
Rapat Komite Manajemen Risiko Risk Management Committee’s Meeting
Komite Manajemen Risiko melaksanakan rapat secara berkala The Risk Management Committee holds meetings on a regular
sekurang-kurangnya 1 kali dalam 3 bulan, atau lebih sering basis at least once every 3 months, or more frequently if
apabila diperlukan sesuai dinamika Perseroan. Rapat dapat required in response to the Company’s business dynamics.
diselenggarakan baik melalui pertemuan langsung maupun The meetings can be conducted either in person or via
telekonferensi, dengan tetap memperhatikan ketentuan tata teleconference, provided that applicable meeting procedures
cara rapat yang berlaku agar keputusan yang dihasilkan sah are observed to ensure the validity and effectiveness of
dan efektif. Pada tahun 2025, Komite Manajemen Risiko telah decisions. In 2025, the Risk Management Committee held
melaksanakan rapat sebanyak 4 kali, dengan rata-rata tingkat a total of 4 meetings, with an average attendance rate of
kehadiran 100%. 100%.
Pelaksanaan Tugas Komite Manajemen Risiko Implementation of Risk Management
Committee’s Duties
Sepanjang tahun 2025, Komite Manajemen Risiko Throughout 2025, the Risk Management Committee carried
melaksanakan tugas dan tanggung jawab sebagai berikut: out the following duties and responsibilities:
1. Menyusun kebijakan, strategi, dan pedoman penerapan 1. Formulating policies, strategies, and guidelines for
manajemen risiko; the implementation of risk management;
2. Memperbaiki atau menyesuaikan pelaksanaan manajemen 2. Improving or adjusting the implementation of risk
risiko berdasarkan hasil evaluasi pelaksanaannya; dan management based on the evaluation results of its
implementation; and
3. Menetapkan hal-hal yang terkait dengan keputusan bisnis 3. Determining matters related to business decisions that
yang menyimpang dari prosedur normal. deviate from normal procedures.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Komite Manajemen Risiko Programs for Risk Management Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development enrolled by the Risk
Komite Manajemen Risiko pada tahun 2025 dapat dilihat pada Management Committee in 2025 can be seen in the Competency
bagian Pelatihan dan/atau Peningkatan Kompetensi Direksi, Training and/or Development for the Board of Directors, Board of
Pengurus Manajemen, dan Pejabat Eksekutif. Management, and Executive Officers sections.
Komite Sumber Daya Manusia Human Capital Committee
Komite Sumber Daya Manusia dibentuk sebagai komite The Human Capital Committee was established as a committee
pendukung Direksi yang berperan dalam memberikan masukan supporting the Board of Directors, with a role in providing
strategis terkait pengelolaan tenaga kerja, pengembangan strategic input on workforce management, competency
kompetensi, serta kebijakan remunerasi. Komite ini membantu development, and remuneration policies. The Committee
memastikan bahwa pengelolaan sumber daya manusia berjalan assists in ensuring that human capital management is aligned
selaras dengan kebutuhan bisnis, prinsip tata kelola yang baik, with the Company’s business needs, good corporate governance
dan praktik ketenagakerjaan yang berkelanjutan. Melalui fungsi principles, and sustainable employment practices. Through this
tersebut, Komite turut mendukung terciptanya lingkungan role, the Committee also supports the creation of a healthy,
kerja yang sehat, produktif, dan berorientasi pada kinerja. productive, and performance-oriented work environment.
Pedoman Kerja Komite Sumber Daya Manusia Human Capital Committee’s Charter
Pedoman Kerja Komite Sumber Daya Manusia yang terakhir The Human Capital Committee’s Charter, lastly updated
diperbarui pada 21 Maret 2023 menjadi acuan dalam on March 21, 2023, serve as the primary reference for
pelaksanaan tugas dan tanggung jawab Komite. Dokumen ini the Committee in carrying out its duties and responsibilities.
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Tata Kelola Perusahaan
Good Corporate Governance
dirancang untuk memastikan konsistensi pengelolaan sumber This document is designed to ensure consistency in human
daya manusia yang selaras dengan strategi Perseroan, praktik capital management in line with the Company’s strategy, fair
ketenagakerjaan yang adil, serta prinsip tata kelola yang baik. employment practices, and the principles of good corporate
governance.
Tugas dan Tanggung Jawab Komite Duties and Responsibilities of
Sumber Daya Manusia the Human Capital Committee
Komite Sumber Daya Manusia memiliki tugas dan tanggung The Human Capital Committee has the following primary
jawab utama sebagai berikut: duties and responsibilities:
1. Meninjau keefektifan organisasi dan membantu Direksi 1. To review the effectiveness of the organization and assist
dalam membuat perubahan dalam organisasi sesuai the Board of Directors in making required organizational
kebutuhan; changes;
2. Memastikan strategi sumber daya manusia selaras dengan 2. To ensure that human resources strategies are aligned
filosofi atau desain perusahaan dan program yang sejalan with the Company’s philosophy or design and programs
dengan kebutuhan Perseroan; that meet the Company’s needs;
3. Memastikan kendali yang jelas dan efektif pada 3. To ensure clear and effective control over human
operasional sumber daya manusia melalui program resources operations through compensation programs,
kompensasi, perekrutan dan pengembangan talenta, talent recruitment and development, succession planning,
perencanaan suksesi, dan anggaran tenaga kerja; and workforce budgeting;
4. Memantau dan menganalisa risiko atau masalah terkait 4. To monitor and analyze risks or issues related to
organisasi dan/atau sumber daya manusia, pengaruhnya the organization and/or human resources, their impact on
kepada Perseroan, dan menyampaikan mitigasinya; dan the Company, and present the mitigations; and
5. Membuat keputusan dan/atau merekomendasikan eskalasi 5. To make decisions and/or recommend further escalation
lebih lanjut dari hal-hal mendesak terkait organisasi of urgent matters related to the organization and/or
dan/atau sumber daya manusia. human resources.
Komposisi dan Profil Komite Sumber Composition and Profile of the Human Capital
Daya Manusia Committee
Komite Sumber Daya Manusia Perseroan paling sedikit terdiri The Company’s Human Capital Committee consists of at least
dari separuh anggota Direksi dan pejabat eksekutif terkait. half of the members of the Board of Directors and relevant
Informasi seputar susunan komposisi Komite Sumber Daya executive officers. Information on the composition of the
Manusia Perseroan dijelaskan sebagai berikut: Company’s Human Capital Committee is described as follows:
Nama Jabatan Jabatan di Perseroan
Name Position Position at the Company
Ketua
Novelitas Siregar1) Chief Human Capital Officer
Chairman
Ketua
Bagus Harimawan2) Chief Human Capital Officer
Chairman
Anggota Presiden Direktur
Wianto
Member President Director
Anggota Wakil Presiden Direktur
Satoshi Shiratani3)
Member Deputy President Director
Anggota Wakil Presiden Direktur
Tomoyuki Monden
Member Deputy President Director
Anggota Direktur
Eiji Takahashi4)
Member Director
Anggota Direktur
Elly Susanti5)
Member Director
Anggota Direktur
Herman Sulistyo
Member Director
Anggota
Renova Siregar Chief Compliance, Legal, & Corporate Secretary
Member
Profil lengkap Ketua dan Anggota Komite Sumber Daya Manusia dapat dilihat pada bab Profil Perusahaan bagian
Profil Direksi dan Profil Pengurus Manajemen.
See the full profile of the Chairman and Member of the Human Capital Committee in the Company Profile chapter
in the Board of Directors’ Profile and Profile of the Board of Management.
1)
Efektif berhenti menjabat pada tanggal 1 Januari 2025. / Effectively resigned as of January 1, 2025.
2)
Efektif menjabat sejak tanggal 2 Januari 2026. / Effectively serving the position since January 2, 2026.
3)
Efektif mengundurkan diri pada tanggal 22 April 2025. / Effectively resigned as of April 22, 2025.
4)
Efektif menjabat sejak tanggal 22 April 2025. / Effectively serving the position since April 22, 2025.
5)
Efektif menjabat sejak dinyatakan lulus Uji Kelayakan dan Kepatutan oleh Otoritas Jasa Keuangan pada tanggal 20 Agustus 2025. / Effectively serving the position upon
being declared to have passed the Fit and Proper Test by the Financial Services Authority on August 20, 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Pernyataan Independensi Komite Independency Statement of
Sumber Daya Manusia the Human Capital Committee
Komite Sumber Daya Manusia senantiasa menjalankan tugas The Human Capital Committee consistently performs its duties
dan tanggung jawabnya secara independen, bebas dari and responsibilities independently, free from any external
intervensi pihak manapun, serta berpegang pada prinsip intervention, as well as upholds the principles of objectivity
objektivitas dan profesionalisme. Setiap keputusan dan and professionalism. All decisions and recommendations
rekomendasi yang dihasilkan didasarkan pada pertimbangan are made based on careful consideration and in the best
yang cermat dan kepentingan terbaik Perseroan, dengan interests of the Company, while ensuring full compliance with
tetap memperhatikan kepatuhan terhadap ketentuan hukum applicable laws and regulations as well as good corporate
dan prinsip tata kelola yang berlaku. governance principles.
Rapat Komite Sumber Daya Manusia Human Capital Committee’s Meetings
Komite Sumber Daya Manusia melaksanakan rapat secara The Human Capital Committee holds meetings on a regular
berkala sebagai wujud pelaksanaan fungsi pengawasan basis as part of its oversight and advisory functions, with
dan pemberian rekomendasi, dengan frekuensi a frequency of at least once every 2 months, or more frequently
sekurang-kurangnya 1 kali dalam 2 bulan atau lebih apabila as required in accordance with applicable provisions. In 2025,
diperlukan sesuai ketentuan yang berlaku. Pada tahun 2025, the Human Capital Committee held a total of 4 meetings, with
Komite Sumber Daya Manusia telah melaksanakan rapat an average attendance rate of 100%.
sebanyak 4 kali, dengan rata-rata tingkat kehadiran 100%.
Pelaksanaan Tugas Komite Implementation of the Human Capital
Sumber Daya Manusia Committee’s Duties
Pada tahun 2025, Komite Sumber Daya Manusia menjalankan In 2025, the Human Capital Committee carried out its duties
tugas dan tanggung jawab sebagai berikut: and responsibilities as follows:
1. Meninjau keefektifan organisasi dan membantu Direksi 1. Reviewing organizational effectiveness and assisting
dalam membuat perubahan dalam organisasi sesuai the Board of Directors in making organizational changes
kebutuhan; as necessary;
2. Memastikan strategi sumber daya manusia selaras dengan 2. Ensuring that the human resources strategy is aligned
filosofi atau desain perusahaan dan program yang sejalan with the Company’s philosophy or design and programs
dengan kebutuhan Perseroan; that meet the Company’s needs;
3. Memastikan kendali yang jelas dan efektif pada 3. Ensuring clear and effective control over human resources
operasional sumber daya manusia melalui program operations through compensation programs, recruitment
kompensasi, perekrutan dan pengembangan talenta, and talent development, succession planning, and
perencanaan suksesi, dan anggaran tenaga kerja; workforce budgeting;
4. Memantau dan menganalisa risiko atau masalah terkait 4. Monitoring and analyzing risks or issues related to
organisasi dan/atau sumber daya manusia, pengaruhnya the organization and/or human resources, their impact on
kepada Perseroan, dan menyampaikan mitigasinya; dan the Company, and conveying mitigation measures; and
5. Membuat keputusan dan/atau merekomendasikan eskalasi 5. Making decisions and/or recommending further escalation
lebih lanjut dari hal-hal mendesak terkait organisasi of urgent matters related to the organization and/or
dan/atau sumber daya manusia. human resources.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development for
Komite Sumber Daya Manusia the Human Capital Committee
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development enrolled
Komite Sumber Daya Manusia pada tahun 2025 dapat dilihat by the Human Capital Committee in 2025 can be seen in
pada bagian Pelatihan dan/atau Peningkatan Kompetensi the Competency Training and/or Development for the Board
Direksi dan Pengurus Manajemen. of Directors and Board of Management sections.
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Tata Kelola Perusahaan
Good Corporate Governance
Organ Pendukung Direksi
Board of Directors’ Supporting Organs
Corporate Secretary Corporate Secretary
Corporate Secretary merupakan organ pendukung Direksi The Corporate Secretary is a supporting organ of the Board
yang berperan menjaga keterbukaan informasi, memastikan of Directors responsible for ensuring information disclosure,
kepatuhan terhadap regulasi pasar modal, serta menjembatani compliance with capital market regulations, and facilitating
komunikasi Perseroan dengan pemangku kepentingan. communication between the Company and its stakeholders.
Dalam menjalankan fungsinya, Corporate Secretary melapor In carrying out its functions, the Corporate Secretary reports
langsung kepada Direktur Utama dengan setiap informasi directly to the President Director and all information conveyed
yang disampaikan diperlakukan sebagai pernyataan resmi is treated as an official statement of the Company.
Perseroan.
Pedoman Kerja Corporate Secretary Corporate Secretary’s Charter
Pedoman kerja Sekretaris Perusahaan merujuk pada Peraturan The Corporate Secretary operates in accordance with Financial
Otoritas Jasa Keuangan No. 35/POJK.04/2014 tentang Services Authority Regulation No. 35/POJK.04/2014 on
Sekretaris Perusahaan Emiten atau Perusahaan Publik. Corporate Secretaries of Public Companies.
Tugas dan Tanggung Jawab Duties and Responsibilities of
Corporate Secretary Corporate Secretary
Corporate Secretary memiliki tugas dan tanggung jawab The Corporate Secretary has the following duties and
sebagai berikut: responsibilities:
1. Mengikuti perkembangan pasar modal, khususnya terkait 1. To follow capital market development, particularly laws
peraturan perundang-undangan yang berlaku; and regulations applicable;
2. Memberikan masukan kepada Direksi dan Dewan 2. To provide input to the Board of Directors and Board of
Komisaris dalam hal kepatuhan ketentuan peraturan Commissioners in terms of compliance with laws and
perundang-undangan di bidang pasar modal; regulations in capital market sector;
3. Membantu Direksi dan Dewan Komisaris dalam 3. To assist the Board of Directors and Board of
pelaksanaan GCG; dan Commissioners in implementing GCG; and
4. Menjadi penghubung antara Perseroan Dengan Pemegang 4. To be liaison between the Company and Shareholder,
Saham, Otoritas Jasa Keuangan, Bursa Efek Indonesia, dan Financial Services Authority, Indonesia Stock Exchange,
pemangku kepentingan lainnya. and other stakeholders.
Profil Corporate Secretary Corporate Secretary’s Profile
Corporate Secretary diangkat dan diberhentikan oleh The Corporate Secretary shall be appointed and dismissed
Direksi. Pada tahun 2025, Corporate Secretary dijabat oleh by the Board of Directors. In 2025, the position of Corporate
Leony Samosir sesuai dengan Surat Keputusan Direksi Secretary was held by Leony Samosir, pursuant to the Board
No. 13/AJSMSIG-CSEC/IV/2022 tanggal 1 April 2022. Beliau of Directors’ Decision Letter No. 13/AJSMSIG-CSEC/IV/2022
merupakan Warga Negara Indonesia, berdomisili di Jakarta. dated April 1, 2022. She is an Indonesian domiciled in Jakarta.
Memperoleh gelar Master of Business Administration (MBA) She obtained a Master of Business Administration (MBA)
dari School of Business and Management, Institut Teknologi degree from the School of Business and Management, Institut
Bandung (SBM ITB) (2024) dan gelar Sarjana Hukum dari Teknologi Bandung (SBM ITB) (2024), and a Bachelor of Laws
Fakultas Hukum Universitas Indonesia (2006). Memiliki degree from the Faculty of Law, Universitas Indonesia, (2006).
beberapa lisensi keanggotaan profesional dan juga terdaftar She holds several professional memberships and licenses and
sebagai anggota Indonesia Corporate Secretary Association has been registered as a member of the Indonesian Corporate
(sejak 2022) dan anggota Perhimpunan Advokat Indonesia Secretary Association (since 2022) and the Indonesian
(sejak 2008). Advocates Association (since 2008).
Sebelumnya, pernah menjabat sebagai Head of Legal & Previously, she served as Head of Legal & Corporate Secretary
Corporate Secretary PT Asuransi Cigna (Cigna Indonesia) of PT Asuransi Cigna (Cigna Indonesia) (2017–2022), Senior
(2017-2022), Senior Legal Manager PT AIA Financial Legal Manager at PT AIA Financial (2016–2017), Assistant
(2016-2017), Assistant Manager Corporate Legal & Industrial Manager of Corporate Legal & Industrial Relations of
2025 Annual Report 219 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Relations PT Prudential Life Assurance (2010-2016), dan Senior PT Prudential Life Assurance (2010–2016), and Senior
Associate LOU & Mitra Law Firm (2006-2010). Associate of LOU & Mitra Law Firm (2006–2010).
Informasi lainnya mengenai Corporate Secretary dapat dilihat Additional information regarding the Corporate Secretary is
pada bab Profil Perusahaan bagian Profil Pejabat Eksekutif. presented in the Company Profile chapter under the Profile of
Executive Officers section.
Pelaksanaan Tugas Corporate Secretary Implementation of Corporate Secretary’s
Duties
Pada tahun 2025, Corporate Secretary telah menjalankan tugas In 2025, the Corporate Secretary carried out her duties and
dan tanggung jawab dengan baik dan efektif, di antaranya: responsibilities effectively and satisfactorily, including but
not limited to:
1. Mengikuti perkembangan pasar modal, khususnya terkait 1. Monitoring developments in the capital market,
peraturan perundang-undangan yang berlaku; particularly with respect to prevailing laws and regulations;
2. Memberikan masukan kepada Dewan Komisaris dan 2. Providing input to the Board of Commissioners and Board
Direksi dalam hal kepatuhan ketentuan peraturan of Directors regarding compliance with capital market
perundang-undangan di bidang pasar modal; regulations;
3. Membantu Dewan Komisaris dan Direksi dalam 3. Assisting the Board of Commissioners and Board of
pelaksanaan GCG; dan Directors in implementing GCG; and
4. Menjadi penghubung antara Perseroan dan Pemegang 4. Acting as a liaison between the Company and Shareholders,
Saham, Otoritas Jasa Keuangan, Bursa Efek Indonesia, dan Financial Services Authority, Indonesia Stock Exchange,
pemangku kepentingan lainnya. and other stakeholders.
Keterbukaan Informasi Perusahaan Tahun 2025 Company Information Disclosure in 2025
Pada tahun 2025, Corporate Secretary telah menyampaikan In 2025, the Corporate Secretary submitted points of
poin-poin Keterbukaan Informasi, baik laporan berkala Information Disclosure, both periodic and incidental reports,
maupun laporan insidentil, yang disampaikan kepada Bursa to Indonesia Stock Exchange, as follows:
Efek Indonesia, yaitu:
1. Laporan Bulanan Registrasi Pemegang Efek; 1. Monthly Securities Holder Registration Report;
2. Pengunduran Diri Anggota Direksi Perseroan; 2. Resignation of Members of the Board of Directors;
3. Penyampaian Mata Acara RUPS Luar Biasa; 3. Submission of the Agenda for an Extraordinary GMS;
4. Pemberitahuan Rencana RUPS Luar Biasa; 4. Notification of the Plan to Hold an Extraordinary GMS;
5. Laporan Penunjukan/Perubahan Akuntan Publik dan/atau 5. Report on the Appointment/Change of Public Accountant
Kantor Akuntan Publik Jasa Audit atas Informasi Keuangan and/or Public Accounting Firm for Audit Services on
Historis Tahunan; Annual Historical Financial Information;
6. Pemanggilan RUPS Luar Biasa; 6. Invitation to an Extraordinary GMS;
7. Permintaan Penjelasan Emiten dan Perusahaan Publik 7. Request for Explanation to Issuers and Other Public
lainnya; Companies;
8. Penyampaian Bukti Iklan Informasi Laporan Keuangan 8. Submission of Proof of Publication of the Annual Financial
Tahunan; Statements Announcement;
9. Laporan Informasi atau Pengumuman Fakta Material LIFE; 9. Announcement or Information Report related to LIFE’s
Material Facts;
10. Ringkasan Risalah RUPS Luar Biasa; 10. Summary of Minutes of the Extraordinary GMS;
11. Perubahan Pengurus; 11. Changes in Management;
12. Penjelasan atas Volatilitas Transaksi; 12. Explanation of Transaction Volatility;
13. Penyampaian Laporan Tahunan & Keberlanjutan dan ESG; 13. Submission of Annual & Sustainability Report and ESG;
14. Penyampaian Mata Acara RUPS Tahunan dan Luar Biasa; 14. Submission of the Agenda for the Annual and Extraordinary
GMS;
15. Pemberitahuan Rencana RUPS Tahunan dan RUPS Luar 15. Notification of the Plan to Hold the Annual and
Biasa; Extraordinary GMS;
16. Perubahan Anggota Direksi dan/atau Anggota Dewan 16. Changes in Members of the Board of Directors and/or
Komisaris; Board of Commissioners;
17. Penyampaian Perubahan Mata Acara RUPS Tahunan; 17. Submission of Changes to the Agenda of the Annual GMS;
18. Pembatalan RUPS Luar Biasa; 18. Cancellation of the Extraordinary GMS;
19. Pemanggilan RUPS Tahunan; 19. Invitation to the Annual GMS;
20. Rencana Penyelenggaraan Public Expose – Tahunan; 20. Plan for the Public Expose – Annual;
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21. Laporan Realisasi Penggunaan Jasa Akuntan Publik dan 21. Report on the Realization of the Use of Public Accountant
Kantor Akuntan Publik; and Public Accounting Firm Services;
22. Penyampaian Materi Public Expose – Tahunan; 22. Submission of Materials for the Public Expose – Annual;
23. Ringkasan Risalah RUPS Tahunan; 23. Summary of Minutes of the Annual GMS;
24. Perubahan Komite Audit; 24. Changes in the Audit Committee;
25. Perubahan Komite Nominasi dan Remunerasi Emiten atau 25. Changes in the Nomination and Remuneration Committee
Perusahaan Publik; of the Issuer or Public Company;
26. Laporan Hasil Public Expose – Tahunan; 26. Report on the Results of the Public Expose – Annual;
27. Keterbukaan Informasi Terkait Aksi Korporasi – Dividen 27. Information Disclosure Related to Corporate Action – Cash
Tunai; Dividend;
28. Risalah RUPS Tahunan; 28. Minutes of the Annual GMS;
29. Penyampaian Bukti Iklan Informasi Laporan Keuangan 29. Submission of Proof of Publication of the Interim Financial
Interim; Statements Announcement;
30. Tanggapan PT MSIG Life Insurance Indonesia Tbk atas 30. Response of PT MSIG Life Insurance Indonesia Tbk to Indonesia
Surat Bursa Efek Indonesia No. S-09908/BEI.PP3/08-2025; Stock Exchange Letter No. S-09908/BEI.PP3/08-2025;
31. Penjelasan atas Permintaan Penjelasan Bursa; 31. Explanation in Response to Exchange Inquiry;
32. Penggabungan Usaha, Pemisahan Usaha, Peleburan Usaha, 32. Merger, Spin-off, Consolidation, or Establishment of
atau Pembentukan Usaha Patungan; dan a Joint Venture; and
33. Keterbukaan Informasi Transaksi Material dan Perubahan 33. Information Disclosure on Material Transactions and
Kegiatan Usaha serta Transaksi Afliasi dan Transaksi Changes in Business Activities, as well as Affiliated
Benturan Kepentingan. Transactions and Conflict of Interest Transactions.
Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Corporate Secretary Programs for Corporate Secretary
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development enrolled by
Corporate Secretary pada tahun 2025 dapat dilihat pada bagian the Corporate Secretary in 2025 can be seen in the Competency
Pelatihan dan/atau Peningkatan Kompetensi Pejabat Eksekutif. Training and/or Development for Executive Officers section.
Unit Audit Internal Internal Audit Unit
Unit Audit Internal berperan untuk memastikan kepatuhan The Internal Audit Unit plays a role in ensuring the Company’s
Perseroan terhadap kebijakan dan prosedur yang berlaku, compliance with applicable policies and procedures, as well
serta menilai efektivitas sistem pengendalian internal. as in assessing the effectiveness of the internal control
Fungsi ini juga mengidentifikasi potensi risiko, memberikan system. This function also identifies potential risks, provides
rekomendasi perbaikan, dan memastikan bahwa operasional recommendations for improvement, and ensures that
berjalan sesuai dengan standar yang ditetapkan. Melalui operations are conducted in accordance with established
pelaksanaan jasa assurance dan konsultasi secara independen standards. Through the provision of independent and
dan objektif, Unit Audit Internal turut mendukung pencapaian objective assurance and consulting services, the Internal Audit
tujuan Perseroan. Selain itu, Unit Audit Internal berperan Unit supports the achievement of the Company’s objectives. In
sebagai mitra strategis manajemen dengan menyajikan addition, the Internal Audit Unit serves as a strategic partner
wawasan dan rekomendasi yang konstruktif. to management by delivering constructive insights and
recommendations.
Pedoman Kerja Unit Audit Internal Internal Audit Unit Charter
Perseroan memiliki Piagam Audit Internal yang menjadi acuan The Company has established an Internal Audit Charter that
dalam menetapkan tujuan, kewenangan, serta tanggung serves as the primary reference in defining the objectives,
jawab Unit Audit Internal. Piagam ini mengatur ruang lingkup authority, and responsibilities of the Internal Audit Unit.
kerja, independensi, standar pelaksanaan, hingga mekanisme The Charter governs the scope of work, independence,
pelaporan yang selaras dengan prinsip tata kelola perusahaan implementation standards, and reporting mechanisms in
yang baik. Sebagai wujud transparansi, Piagam Audit Internal alignment with the good corporate governance principles.
tersebut dapat diakses secara terbuka melalui situs resmi As part of the Company’s commitment to transparency,
Perseroan. the Internal Audit Charter is publicly accessible through
the Company’s official website.
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Tugas dan Tanggung Jawab Unit Audit Internal Duties and Responsibilities of Internal Audit
Unit
Unit Audit Internal Perseroan menjalankan tugas dan tanggung The Internal Audit Unit carries out the following duties and
jawab sebagai berikut: responsibilities:
1. Menyusun dan melaksanakan rencana audit tahunan 1. Preparing and implementing a risk-based annual audit
berbasis risiko, termasuk penugasan khusus dari plan, including special assignments mandated by
manajemen maupun Dewan Komisaris melalui Komite management and/or the Board of Commissioners through
Audit; the Audit Committee;
2. Menilai dan mengevaluasi efektivitas pengendalian 2. Assessing and evaluating the effectiveness of internal
internal, kebijakan, sistem tata kelola, serta manajemen controls, policies, governance systems, and risk
risiko, sekaligus memberikan rekomendasi perbaikan; management, while providing recommendations for
improvement;
3. Memantau tindak lanjut hasil audit dan investigasi, serta 3. Monitoring follow-up actions on audit and investigation
menyampaikan temuan yang relevan untuk penguatan results and reporting relevant findings to strengthen
kontrol dan mitigasi risiko; controls and mitigate risks;
4. Bekerja sama dengan Komite Audit dalam pelaksanaan 4. Coordinating with the Audit Committee in performing
fungsi pengawasan serta memberikan dukungan strategis supervisory functions and providing strategic support to
kepada manajemen melalui masukan berbasis hasil audit; management through audit-based input;
5. Mengembangkan program evaluasi dan peningkatan 5. Developing continuous quality assurance and
kualitas secara berkesinambungan guna menjamin improvement programs to ensure the professional
kompetensi profesional auditor internal serta efektivitas competence of internal auditors and the effectiveness of
fungsi audit; dan audit function; and
6. Memberikan gambaran menyeluruh kepada pemangku 6. Providing stakeholders with a comprehensive overview of
kepentingan mengenai infrastruktur pengendalian the internal control infrastructure as part of governance
internal sebagai bagian dari transparansi tata kelola. transparency.
Struktur dan Kedudukan Unit Audit Internal Internal Audit Unit’s Structure and Position
Struktur dan kedudukan Unit Audit Internal Perseroan The structure and position of the Company’s Internal Audit
diungkapkan sebagai berikut: Unit are as follows:
Direksi Komite Audit
Board of Directors Audit Committee
Kepala Unit Audit Internal
Head of Internal Audit Unit
Vaji Vitrada Nasution
Unit Audit Internal
Internal Audit Unit
Berdasarkan struktur tersebut maka hubungan yang dapat Based on this structure, therefore the relationships can be
diuraikan yaitu: described as follows:
1. Unit Audit Internal dipimpin oleh Kepala Unit Audit 1. The Internal Audit Unit is led by the Head of Internal
Internal yang pengangkatannya dilakukan oleh Presiden Audit, who is appointed by the President Director with the
Direktur dengan persetujuan Dewan Komisaris; approval of the Board of Commissioners;
2. Kepala Unit Audit Internal bertanggung jawab langsung 2. The Head of Internal Audit Unit is directly responsible to
kepada Presiden Direktur, sementara auditor di bawahnya the President Director, while the auditors under him are
bertanggung jawab kepada Kepala Unit Audit Internal; dan responsible to the Head of Internal Audit Unit; and
3. Struktur tersebut mencerminkan alur pengawasan dan 3. This structure reflects a clear line of supervision and
akuntabilitas yang tegas, sehingga keberlangsungan accountability, thereby ensuring the effective and
fungsi audit internal dapat terjaga secara efektif dalam sustainable operation of the internal audit function within
organisasi. the organization.
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Profil Kepala Unit Audit Internal Profile of Head of Internal Audit Unit
Kepala Unit Audit Internal Perseroan dijabat oleh Vaji Vitrada The Head of the Company’s Internal Audit Unit is Mr. Vaji
Nasution, yang menjabat sejak tahun 2017. Pengangkatan Vitrada Nasution, who has held the position since 2017.
beliau didasarkan pada kelulusan Uji Kemampuan dan He was appointed after passing the Fit and Proper Test
Kepatutan (Fit and Proper Test) oleh Otoritas Jasa Keuangan, conducted by the Financial Services Authority, as stipulated
sebagaimana tertuang dalam Keputusan Dewan Komisioner in the Decision of the Financial Services Authority’s Board
Otoritas Jasa Keuangan No. KEP-452/NB.11/2017. Selanjutnya, of Commissioners No. KEP-452/NB.11/2017. The formal
penunjukan formal tersebut telah dilaporkan kepada appointment was subsequently reported to the Financial
Otoritas Jasa Keuangan pada tahun 2019 berdasarkan Surat Services Authority in 2019 pursuant to the Decision of
Keputusan Direksi Perseroan No. 003/AJSM-SK/III/2019 the Company’s Board of Directors No. 003/AJSM-SK/III/2019
tanggal 19 Maret 2019. Beliau telah memiliki kualifikasi dated March 19, 2019. He holds recognized professional
profesional yang diakui di bidang tata kelola risiko dan qualifications in the field of risk governance and internal
pengawan internal, antar lain ditunjukkan dengan kepemilikan control, including the Certified Risk Governance Professional
sertifikasi Certified Risk Governance Professional (CRGP) dari (CRGP) certification from the Risk Management Professional
Lembaga Sertifikasi Profesi Manajemen Risiko yang diperoleh Certification Institute, obtained on December 6, 2017.
pada 6 Desember 2017.
Secara profesional, beliau memiliki rekam jejak yang mumpuni Professionally, he has an extensive track record in internal
di bidang audit internal dengan pengalaman pada berbagai audit, having held various strategic positions, namely:
posisi strategis, yaitu:
1. Assistant Vice President Internal Auditor Manulife Indonesia 1. Assistant Vice President, Internal Auditor, Manulife
(2015-2017); Indonesia (2015–2017);
2. Internal Audit Manager Allianz Indonesia (2014–2015); 2. Internal Audit Manager, Allianz Indonesia (2014–2015);
3. Internal Audit Manager AIA Indonesia (2012–2014); dan 3. Internal Audit Manager, AIA Indonesia (2012–2014); and
4. Internal Audit Consultant PricewaterhouseCoopers 4. Internal Audit Consultant, PricewaterhouseCoopers
Indonesia (2007–2012). Indonesia (2007–2012).
Informasi lengkap mengenai profil Kepala Unit Audit Internal Complete information on the profile of the Head of Internal
dapat dilihat pada bab Profil Perusahaan bagian Profil Pejabat Audit Unit is presented in the Company Profile chapter under
Eksekutif. the Profile of Executive Officers section.
Rapat Unit Audit Internal Internal Audit Unit’s Meeting
Unit Audit Internal Perseroan melakukan rapat secara berkala The Company’s Internal Audit Unit holds periodic meetings
dengan Dewan Komisaris, Direksi, dan Komite Audit guna with the Board of Commissioners, Board of Directors, and
menyampaikan laporan hasil audit. Pada tahun 2025, Unit Audit Committee to present audit reports and findings.
Audit Internal telah melaksanakan rapat sebanyak 12 kali. In 2025, the Internal Audit Unit held a total of 12 meetings.
Pelaksanaan Tugas Unit Audit Internal Implementation of Internal Audit Unit’s Duties
Sepanjang tahun 2025, Audit Internal telah menjalankan Throughout 2025, the Internal Audit Unit carried out its duties,
tugas dan tanggung jawab, serta wewenang dengan baik dan responsibilities, and authorities effectively and professionally,
profesional, yang diuraikan sebagai berikut: as outlined below:
1. Underwriting Processes; 1. Underwriting Processes;
2. Sales Office Visit (Including AKM); 2. Sales Office Visit (Including AKM);
3. Anti-Money Laundering/Counter-Terrorism Financing; 3. Anti-Money Laundering/Counter-Terrorism Financing;
4. Policy Admin Service (PAS) and Collection; 4. Policy Admin Service (PAS) and Collection;
5. IT Governance & Cybersecurity; 5. IT Governance & Cybersecurity;
6. Large Scale IT Project; 6. Large Scale IT Project;
7. Internal Control Program – Company Level Control; 7. Internal Control Program – Company Level Control;
8. Partnership Distribution; dan 8. Partnership Distribution; and
9. Claim Process Investigation Review. 9. Claim Process Investigation Review.
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Pelatihan dan/atau Peningkatan Kompetensi Competency Training and/or Development
Unit Audit Internal Programs for Internal Audit Unit
Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh The competency training and/or development undertaken
Kepala Unit Audit Internal pada tahun 2025 dapat dilihat pada by the Head of Internal Audit Unit in 2025 can be found in
bagian Pelatihan dan/atau Peningkatan Kompetensi Pejabat the Competency Training and/or Development for Executive
Eksekutif. Officers section.
Fungsi Kepatuhan Compliance Function
Fungsi Kepatuhan Perseroan dijalankan secara independen, The Company’s Compliance Function is implemented
terpisah dari satuan kerja operasional maupun pengaruh independently, segregated from operational units and free
unit lainnya, dengan akses langsung kepada Direktur yang from the influence of other divisions, with direct access to
membidanginya. Pelaksanaannya secara teknis berada the Director in charge. Its implementation is technically under
di bawah Divisi Compliance & Fraud Investigation, yang the Compliance & Fraud Investigation Division, which ensures
memastikan kepatuhan Perseroan berjalan efektif dan that the Company’s compliance is effective and structured.
terstruktur.
Tugas dan Tanggung Jawab Fungsi Kepatuhan Duties and Responsibilities of Compliance
Function
Fungsi Kepatuhan memiliki tugas dan tanggung jawab The Compliance Function is entrusted with the following
sebagai berikut: duties and responsibilities:
1. Compliance Regulatory, bertugas untuk: 1. Compliance Regulatory, responsible for:
a. Melakukan analisis peraturan yang berdampak pada a. Conducting analysis on regulations that have
Perseroan; an impact on the Company;
b. Membuat dan memperbarui pedoman/prosedur b. Creating and updating compliance guidelines/
kepatuhan; procedures;
c. Memastikan laporan-laporan ke regulator disampaikan c. Ensuring that reports to regulators are submitted in
tepat waktu. a timely manner.
2. Sales Compliance and Advisory, bertugas untuk: 2. Sales Compliance and Advisory, responsible for:
a. Membantu memberikan saran kepada unit bisnis a. Assisting and providing advice to business units
terkait proses penjualan, operasional, dan perizinan regarding sales, operational, and licensing processes
tenaga pemasar; of marketers;
b. Mengelola dan memantau strategi anti-fraud; b. Managing and monitoring anti-fraud strategy;
c. Memantau dan memastikan kegiatan usaha bisnis c. Monitoring and ensuring that the Company’s business
Perseroan telah mengimplementasikan: activities implement:
• Kebijakan Anti-Penyuapan dan korupsi; • Anti-Bribery and Corruption Policy;
• Kode Etik Perusahaan Asuransi dan Kode Etik • Code of Ethics for Insurance Company and
Tenaga Pemasar; Marketing Personnel;
• Kebijakan Strategi Anti-Fraud; • Anti-Fraud Strategy Policy;
• Prinsip Perlindungan Konsumen; • Consumer Protection Principles;
• Kebijakan Larangan Monopoli dan Persaingan • Policy on Anti-Monopoly and Unfair Business
Usaha Tidak Sehat (Anti-Trust); Competition (Anti-Trust);
• Kebijakan Konflik Kepentingan; • Conflict of Interest Policy;
• Nilai-nilai perusahaan dan Code of Conduct • The Company’s corporate values and Code of
Perseroan. Conduct.
d. Meninjau pedoman proses penjualan, standar d. Review of sales process guidelines, standard operating
operasional prosedur, dan kebijakan. procedures, and policies.
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Struktur dan Kedudukan Fungsi Kepatuhan Compliance Function’s Structure and Position
Struktur dan kedudukan Fungsi Kepatuhan per 31 Desember The structure and reporting lines of the Compliance Function
2025 diuraikan sebagai berikut: as of December 31, 2025, are described as follows:
Chief Compliance, Legal &
Corporate Secretary
Renova Siregar
Head of Compliance &
Fraud Investigation
Johana Louhenapessy
AML & CFT Compliance Manager Investigator Manager Anti-Fraud Manager
Sales Compliance Compliance Regulatory
Fungsi Kepatuhan ditempatkan secara strategis untuk The Company’s Compliance Function is strategically
memastikan setiap kebijakan dan operasional Perseroan positioned to ensure that all policies and operational activities
berjalan sesuai regulasi, sekaligus memungkinkan pengawasan are conducted in full compliance with applicable regulations,
yang efektif dan independen di seluruh lini organisasi. while enabling effective and independent oversight across all
lines of the organization.
Profil Kepala Divisi Compliance & Fraud Profile of Head of Compliance & Fraud
Investigation Investigation Division
Kepala Divisi Compliance & Fraud Investigation Perseroan The Head of Compliance & Fraud Investigation Division is held
dijabat oleh Johana Louhenapessy berdasarkan Surat by Johana Louhenapessy, pursuant to the Board of Directors’
Keputusan Direksi No. 078/PL-AJSMSIG/SK/V/2020 tanggal Decision Letter No. 078/PL-AJSMSIG/SK/V/2020 dated
16 April 2020. April 16, 2020.
Informasi lengkap terkait profil Kepala Divisi Compliance Further information on the profile of the Head of Compliance
& Fraud Investigation dapat dilihat pada bab Profil Perusahaan & Fraud Investigation Division is presented in the Company
bagian Profil Pejabat Eksekutif. Profile chapter under the Profile of Executive Officers section.
Program Kerja Fungsi Kepatuhan Compliance Function Work Program
Sepanjang tahun 2025, Fungsi Kepatuhan telah melaksanakan Throughout 2025, the Compliance Function carried out its
tugas dan tanggung jawab sebagai berikut: duties and responsibilities, including:
1. Korespondensi dengan Otoritas Jasa Keuangan; 1. Correspondence with the Financial Services Authority;
2. Memastikan Perseroan patuh terhadap peraturan dan 2. Ensuring the Company’s compliance with applicable laws
ketentuan yang berlaku; and regulations;
3. Mengelola dan memantau pelaporan Dishonest Unlawful 3. Managing and monitoring the reporting of Dishonest
Act (DUA) untuk dilaporkan kepada Direksi setiap bulannya; Unlawful Acts (DUA) to be reported to the Board of
Directors monthly;
4. Berkoordinasi dan memastikan pelaksanaan program Anti 4. Coordinating and ensuring the implementation of
Pencucian Uang dan Pencegahan Pendanaan Terorisme the Anti-Money Laundering and Counter-Terrorism
(APU-PPT), antara lain: Financing (AML-CTF) program, including:
a. Pelatihan dan sosialiasi kepada tenaga penjualan dan a. Training and dissemination for sales personnel and
karyawan; employees;
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b. Pemantaun skrining APU-PPT (daftar teroris, daftar b. Monitoring AML-CTF screening (terrorist lists,
senjata pemusnah masal, daftar nama terduga dari weapons of mass destruction lists, suspected name
Pusat Pelaporan dan Analisis Transaksi Keuanga lists from the Financial Transaction Reports and
(PPATK), daftar Office of Foreign Asset Control (OFAC)); Analysis Center (PPATK), and the Office of Foreign
Assets Control (OFAC) list);
c. Pemantauan penerapan prinsip customer due diligence; c. Monitoring the implementation of the customer due
diligence principle;
d. Enhanced due diligence (EDD) untuk transaksi berisiko d. Enhanced due diligence (EDD) for high-risk
tinggi; transactions;
e. Memastikan Perseroan melaporkan hasil temuan e. Ensuring that the Company reports findings of
Transaksi Keuangan Mencurigakan (TKM) kepada Suspicious Financial Transactions (SFT) to the regulator;
regulator; dan and
f. Memastkan implementasi prinsip anti pencucian uang f. Ensuring the implementation of anti-money
berdasarkan Risk Based Approach (RBA). laundering principles based on a Risk-Based Approach
(RBA).
5. Memastikan implementasi Anti-Fraud Strategy, antara lain: 5. Ensuring the implementation of the Anti-Fraud Strategy,
such as:
a. Memastikan Perseroan memperbarui Pedoman dan a. Ensuring that the Company updates the Anti-Fraud
Kebijakan Anti-Fraud dan melaporkannya kepada Guidelines and Policies and reports them to the Financial
Otoritas Jasa Keuangan; Services Authority;
b. Memantau pelaporan penerapan anti-fraud kepada b. Monitoring the reporting of anti-fraud implementation
Otoritas Jasa Keuangan; dan to the Financial Services Authority; and
c. Memastikan Perseroan melaksanakan pelatihan c. Ensuring that the Company conducts anti-fraud
anti-fraud. training.
Fungsi Manajemen Risiko Risk Management Function
Fungsi Manajemen Risiko Perseroan dibentuk sebagai The Company’s Risk Management Function is established as
unit independen yang memiliki mandat strategis untuk an independent unit with a strategic mandate to direct, monitor,
mengarahkan, memantau, dan memastikan penerapan and ensure the consistent implementation of risk management
praktik manajemen risiko yang konsisten di seluruh lini usaha. practices across all business lines. Its existence plays a critical
Keberadaannya berperan penting dalam mengidentifikasi, role in identifying, assessing, and controlling potential risks
menilai, dan mengendalikan potensi risiko yang dapat that may hinder the achievement of the Company’s objectives,
menghambat pencapaian tujuan Perseroan, sekaligus while at the same time strengthening the foundation of sound
memperkuat fondasi tata kelola yang sehat dan berkelanjutan. and sustainable corporate governance.
Tugas dan Tanggung Jawab Fungsi Duties and Responsibilities of
Manajemen Risiko Risk Management Function
Tugas dan tanggung jawab Fungsi Manajemen Risiko diuraikan The Risk Management Function’s duties and responsibilities
sebagai berikut: are as follows:
1. Merumuskan kebijakan, pedoman, dan metode 1. Formulating policies, guidelines, and risk measurement
pengukuran risiko, sekaligus bersama Direksi dan seluruh methods, while working with the Board of Directors and
lini organisasi melakukan identifikasi atas potensi risiko all lines of the organization to identify potential risks in
dalam kegiatan usaha Perseroan; the Company’s business activities;
2. Memantau efektivitas pelaksanaan strategi manajemen 2. Monitoring the effectiveness of the implementation
risiko, termasuk menilai posisi risiko terhadap selera risiko of risk management strategies, including assessing
yang ditetapkan melalui uji ketahanan berbasis skenario, the Company’s risk position against the established risk
asumsi kondisi ekstrem, maupun data historis, serta appetite through scenario-based stress testing, extreme
memastikan konsistensi proses pengelolaannya; dan condition assumptions, and historical data analysis, as well
as ensuring consistency in risk management processes; and
3. Memberikan rekomendasi yang relevan serta menyusun 3. Providing relevant recommendations and preparing risk
laporan profil risiko untuk disampaikan secara berkala profile reports to be submitted periodically to the Board
kepada Direksi melalui Komite Manajemen Risiko. of Directors through the Risk Management Committee.
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Struktur dan Kedudukan Fungsi Structure and Position of Risk Management
Manajemen Risiko
Fungsi Manajemen Risiko Perseroan memiliki struktur dan The Company’s Risk Management Function has the structure
kedudukan sebagaimana diungkapkan berikut ini: and position as disclosed below:
Deputy President Director
Tomoyuki Monden
Division Head of Risk Management
Troy Steve Kipuw
Operational Risk Financial Risk Management
Profil Kepala Manajemen Risiko Profile of Head of Risk Management
Pada tahun 2025, Kepala Manajemen Risiko dijabat oleh In 2025, the Head of Risk Management Function was held
Troy Steve Kipuw sesuai dengan Surat Keputusan Direksi by Troy Steve Kipuw in accordance with the Board of Directors’
No. 003/PL-AJSMSIG/SK/I/2023. Profil lengkap Kepala Decision Letter No. 003/PL-AJSMSIG/SK/I/2023. The full profile
Manajemen Risiko dapat dilihat pada bab Profil Perusahaan of the Head of Risk Management Function can be seen in
bagian Profil Pejabat Eksekutif. the Company Profile chapter of the Profile of Executive Officers
section.
Program Kerja Fungsi Manajemen Risiko Risk Management Function Work Program
Sepanjang tahun 2025, Fungsi Manajemen Risiko telah Throughout 2025, the Risk Management Function carried out
melaksanakan tugas dan tanggung jawab sebagai berikut: the following duties and responsibilities:
1. Mengidentifikasi risiko, termasuk risiko yang melekat 1. Identifying risks, including those inherent in the Company’s
pada kegiatan usaha Perseroan; business activities;
2. Menyusun metode pengukuran risiko; 2. Developing risk measurement methodologies;
3. Memantau posisi risiko secara keseluruhan, per jenis 3. Monitoring overall risk positions, by type of risk and
risiko, dan per jenis aktivitas fungsional, serta melakukan by functional activity, as well as conducting tests using
pengujian dengan menggunakan skenario/asumsi kondisi scenarios/assumptions of abnormal conditions and testing
tidak normal dan pengujian dengan menggunakan data using historical data;
historis;
4. Melakukan kaji ulang secara berkala terhadap proses 4. Periodically reviewing the risk management process;
manajemen risiko;
5. Melakukan evaluasi terhadap akurasi model dan validitas 5. Evaluating the accuracy of models and the validity of data
data yang digunakan untuk mengukur risiko; used in risk measurement;
6. Memberikan rekomendasi kepada fungsi bisnis dan 6. Providing recommendations for business and operational
operasional dan/atau kepada Komite Manajemen Risiko, functions and/or to the Risk Management Committee,
sesuai kewenangan yang dimiliki; dan within the scope of its authority; and
7. Menyusun dan menyampaikan laporan profil risiko kepada 7. Preparing and submitting periodic risk profile reports to
Direktur Utama atau yang setara, atau anggota Direksi the President Director or equivalent, or to the member of
yang membawahi Satuan Kerja Manajemen Risiko atau the Board of Directors overseeing the Risk Management
fungsi manajemen risiko dan Komite Manajemen Risiko Unit or risk management function, as well as to the Risk
secara berkala. Management Committee.
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Tata Kelola Perusahaan
Good Corporate Governance
Sistem Pengendalian Internal
Internal Control System
Sistem Pengendalian Internal Perseroan dirancang sebagai The Company’s Internal Control System is designed as
kerangka yang menyeluruh untuk menjaga integritas, a comprehensive framework to maintain integrity, ensure
memastikan kepatuhan, serta meningkatkan efisiensi compliance, and enhance operational efficiency and
dan efektivitas operasional. Implementasinya melibatkan effectiveness. Its implementation involves the Board
Dewan Komisaris, Direksi, dan seluruh jajaran organisasi dalam of Commissioners, Board of Directors, and all levels of
membangun proses yang mampu memberikan keyakinan yang the organization in establishing processes that provide
memadai atas tercapainya tujuan bisnis, baik terkait aspek reasonable assurance regarding the achievement of business
operasional, pelaporan, maupun kepatuhan terhadap regulasi. objectives, whether related to operational performance,
Melalui penerapan lingkungan pengendalian, sistem akuntansi, reporting, or compliance with regulations. Through
serta prosedur yang terstruktur, Perseroan secara konsisten the implementation of a sound control environment,
mengidentifikasi, mengelola, dan memitigasi risiko yang accounting systems, and structured procedures, the Company
berpotensi menghambat kinerja, sehingga keberlangsungan consistently identifies, manages, and mitigates potential risks
usaha dapat terjaga. that may hinder its performance, thereby ensuring business
sustainability.
Adapun komponen-komponen Sistem Pengendalian Internal The components of the Company’s Internal Control System
Perseroan mencakup: include the following:
1. Lingkungan pengendalian yang dibangun melalui 1. A control environment established through
penerapan prinsip-prinsip GCG guna memastikan the implementation of GCG principles to ensure
terciptanya integritas, akuntabilitas, dan disiplin di seluruh the creation of integrity, accountability, and discipline at
tingkat organisasi. all levels of the organization.
2. Proses identifikasi dan pengelolaan risiko yang 2. A structured risk identification and management process
dilakukan secara terstruktur oleh manajemen untuk conducted by management to identify, measure, and
mengidentifikasi, mengukur, dan memitigasi risiko yang mitigate risks that may affect the achievement of business
dapat memengaruhi pencapaian tujuan bisnis. objectives.
3. Kebijakan dan prosedur yang dikembangkan, disetujui, 3. Policies and procedures developed, approved, and
dan ditinjau secara berkala pada unit bisnis utama maupun periodically reviewed across both core and supporting
pendukung sebagai pedoman operasional yang konsisten business units to serve as consistent and standardized
dan terstandar. operational guidelines.
4. Sistem informasi dan komunikasi, termasuk sistem 4. Information and communication systems, including
akuntansi dirancang secara memadai untuk menjamin accounting systems, designed adequately to ensure
keakuratan, keandalan, dan ketepatan waktu penyajian the accuracy, reliability, and timeliness of financial data
data keuangan serta mendukung pengambilan keputusan. presentation and to support decision-making.
5. Kegiatan pemantauan yang dilakukan secara berkelanjutan 5. Continuous monitoring activities carried out to ensure
untuk memastikan efektivitas implementasi pengendalian that the effectiveness of internal control implementation
internal tetap terjaga dan relevan dengan dinamika usaha is maintained and remains relevant to business dynamics
serta regulasi yang berlaku. and applicable regulations.
Tinjauan atas Efektivitas Sistem Review of the Effectiveness of Internal
Pengendalian Internal Control System
Manajemen secara konsisten mendorong pelaksanaan The Management consistently encourages the evaluation of
evaluasi atas penerapan sistem pengendalian internal guna internal control system implementation to ensure its optimal
memastikan efektivitasnya tetap optimal. Unit Audit Internal effectiveness. The Internal Audit Unit plays a role in conducting
berperan dalam melakukan penilaian menyeluruh, memantau comprehensive assessments, monitoring the follow-up of
tindak lanjut atas rekomendasi hasil audit (baik internal audit recommendations (both internal and external), and
maupun eksternal), serta memberikan masukan perbaikan providing continuous improvement input. This evaluation
berkelanjutan. Evaluasi ini bertujuan untuk memberikan aims to provide reasonable assurance to the Board of
keyakinan yang memadai kepada Direksi dan pemangku Directors and stakeholders regarding the adequacy of internal
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Tata Kelola Perusahaan
Good Corporate Governance
kepentingan terkait kecukupan pengendalian internal, controls, covering operational, financial, compliance, and
mencakup aspek operasional, keuangan, kepatuhan, dan reporting aspects. Periodically, the Internal Audit Unit submits
pelaporan. Secara berkala, Unit Audit Internal menyampaikan the results of these evaluations to the Board of Directors,
hasil evaluasi tersebut kepada Direksi, juga kepada Dewan as well as to the Board of Commissioners and Audit Committee
Komisaris dan Komite Audit untuk ditindaklanjuti sesuai for follow-up in accordance with their respective functions
dengan fungsi dan wewenang masing-masing. and authorities.
Pernyataan Dewan Komisaris dan Direksi Statement of the Board of Commissioners
atas Kecukupan Sistem Pengendalian and Board of Directors on the Adequacy of
Internal Internal Control System
Pada tahun 2025, Dewan Komisaris dan Direksi menilai In 2025, the Board of Commissioners and Board of Directors
bahwa penerapan sistem pengendalian internal Perseroan assessed that the implementation of the Company’s
telah berjalan dengan baik dan mendukung terwujudnya internal control system had been functioning effectively
tata kelola yang efektif. Penilaian ini mencerminkan and supported the realization of effective governance.
keberhasilan langkah-langkah korektif yang dijalankan This assessment reflects the success of corrective measures
oleh Unit Audit Internal dalam memperkuat pengendalian implemented by the Internal Audit Unit in strengthening
di berbagai aspek, serta mengurangi potensi pelanggaran controls across various aspects and significantly reducing
secara signifikan. Seiring dinamika usaha yang terus berubah, the potential for violations. In line with continuously evolving
Dewan Komisaris dan Direksi tetap mendorong peningkatan business dynamics, the Board of Commissioners and Board
berkelanjutan agar sistem pengendalian internal senantiasa of Directors remain committed to encouraging continuous
relevan, adaptif, dan mampu menjawab tantangan ke depan. improvement to ensure that the internal control system
remains relevant, adaptive, and capable of addressing future
challenges.
2025 Annual Report 229 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Sistem Manajemen Risiko
Risk Management System
Sistem Manajemen Risiko Perseroan dirancang sebagai The Company’s Risk Management System is designed as
kerangka kerja yang terintegrasi untuk mengidentifikasi, an integrated framework to identify, measure, monitor,
mengukur, memantau, dan mengendalikan berbagai risiko and control various risks arising from business activities.
yang muncul dari aktivitas usaha. Proses ini dilaksanakan secara This process is implemented in a disciplined and structured
disiplin dan terstruktur melalui strategi, kebijakan, prosedur, manner through strategies, policies, procedures, and
serta infrastruktur yang selaras dengan peraturan Otoritas infrastructure that are aligned with the Financial Services
Jasa Keuangan, termasuk ketentuan Peraturan Otoritas Jasa Authority regulations, including the provisions of Financial
Keuangan No. 28/POJK.05/2020 dan Peraturan Otoritas Services Authority Regulation No. 28/POJK.05/2020 and
Jasa Keuangan No. 44/POJK.05/2020. Kebijakan Sistem No. 44/POJK.05/2020. The Company’s Risk Management
Manajemen Risiko Perseroan yang terakhir diperbarui pada System Policy, lastly updated on July 1, 2024, serves as
1 Juli 2024 menjadi landasan operasional yang diawasi the operational foundation and is directly supervised by
langsung oleh Komite Manajemen Risiko dan Komite Pemantau the Risk Management Committee and Risk Oversight
Risiko, guna memastikan bahwa setiap risiko dapat dimitigasi Committee to ensure that all risks are effectively mitigated
secara efektif dan mendukung kelangsungan usaha. and that business sustainability is supported.
Sebagai perusahaan yang bergerak di industri asuransi As a company operating in the life insurance industry, MSIG
jiwa, MSIG Life senantiasa mengelola risiko secara Life consistently manages risks in a measured and sustainable
terukur dan berkesinambungan guna menjaga keandalan manner to maintain operational reliability and long-term
operasional dan keberlanjutan usaha. Mengacu pada standar business sustainability. With reference to SNI ISO 31000:2018
SNI ISO 31000:2018 tentang Manajemen Risiko, Perseroan on Risk Management, the Company continuously ensures
senantiasa memastikan setiap potensi risiko teridentifikasi, that all potential risks are properly identified, measured, and
terukur, serta terkendali dengan baik, sehingga mendukung controlled, thereby supporting the achievement of business
pencapaian tujuan bisnis sekaligus melindungi kepentingan objectives while protecting all stakeholders’ interests.
seluruh pemangku kepentingan.
Penerapan manajemen risiko Perseroan berlandaskan The Company’s risk management is applied based on
kerangka yang dirancang sebagai fondasi utama dalam menjaga a framework designed as a primary foundation for maintaining
efektivitas tata kelola perusahaan. Kerangka ini memastikan corporate governance effectiveness. This framework ensures
pengelolaan risiko terintegrasi pada setiap tingkatan that risk management is integrated across all levels of
organisasi, sehingga mendukung pencapaian kinerja sekaligus the organization, thereby supporting performance
penguatan daya saing. Dengan mengacu pada prinsip-prinsip achievement while strengthening competitiveness.
manajemen risiko, proses pengelolaan dilaksanakan secara By referring to risk management principles, the risk
berkesinambungan melalui tahapan identifikasi, pengukuran management process is carried out continuously through
dan evaluasi, penanganan, hingga pengawasan dan pelaporan. the stages of identification, measurement and evaluation, risk
Pendekatan tersebut memungkinkan setiap potensi risiko treatment, as well as monitoring and reporting. This approach
dikelola secara tepat, sejalan dengan kompleksitas bisnis, enables each potential risk to be managed appropriately in line
serta menjadi pijakan bagi perbaikan berkelanjutan dalam with business complexity and serves as a basis for continuous
sistem pengendalian internal. improvement of the internal control system.
Di sisi lain, Perseroan menerapkan sistem manajemen risiko Furthermore, the Company adopts a risk management system
yang merujuk kepada konsep Three Lines of Defense (Tiga garis that refers to the Three Lines of Defense concept, which
Pertahanan) yang melibatkan seluruh bagian/fungsi Perseroan. involves all divisions/functions within the Company. This
Model tersebut membantu Perseroan dalam mengidentifikasi model assists the Company in identifying the most appropriate
struktur dan proses yang terbaik dalam mencapai tujuan dan structures and processes to achieve its objectives and
memfasilitasi tata kelola dan manajemen risiko yang kuat. facilitates strong governance and effective risk management.
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Tata Kelola Perusahaan
Good Corporate Governance
Dewan Komisaris, Dewan Pengawas Syariah, dan Komite (termasuk Komite Audit)
Board of Commissioners, Sharia Supervisory Board, and Committees (including Audit Committee)
Direksi dan Komite
Board of Directors and Committees
Garis Pertahanan Pertama Garis Pertahanan Kedua Garis Pertahanan Ketiga
1st Line of Defense 2nd Line of Defense 3rd Line of Defense
Mengelola risiko sehari-hari yang Memantau Pelaksanaan Melakukan Kaji Ulang Pelaksanaan
muncul dari aktivitas operasional Manajemen Risiko Manajemen Risiko secara
Managing day-to-day risks arising Monitoring Risk Management Independen
from operational activities Implementation Independently Reviewing Risk
Management Implementation
Fungsi Manajemen Risiko dan
Semua Divisi Fungsi Kepatuhan Audit Internal
All Divisions Risk Management Function and Internal Audit
Compliance Function
Penerapan Manajemen Risiko Implementation of Risk Management
Cakupan penerapan manajemen risiko di MSIG Life meliputi The scope of risk management implementation at MSIG Life
4 pilar utama, yaitu: encompasses 4 main pillars, as follows:
1. Pengawasan aktif Direksi, Dewan Komisaris, dan Dewan 1. Active supervision by the Board of Directors, Board of
Pengawas Syariah Commissioners, and Sharia Supervisory Board
Merupakan landasan utama dalam penerapan manajemen This pillar serves as the primary foundation for risk
risiko guna memastikan seluruh kebijakan, strategi, dan management implementation, ensuring that all
implementasi dijalankan sesuai dengan ketentuan yang policies, strategies, and their execution are conducted
berlaku serta mendukung pencapaian tujuan Perseroan. in accordance with applicable regulations and support
the achievement of the Company’s objectives.
2. Kecukupan kebijakan dan prosedur manajemen risiko 2. Adequacy of risk management policies and procedures as
serta penetapan limit risiko well as the determination of risk limits
Kebijakan dan prosedur manajemen risiko disusun Risk management policies and procedures are developed
secara memadai dan selaras dengan karakteristik usaha in an adequate manner and aligned with the characteristics
Perseroan. Melalui penetapan limit risiko yang jelas dan of the Company’s business. Through the determination of
terukur, Perseroan dapat mengendalikan eksposur risiko clear and measurable risk limits, the Company is able to
sekaligus menjaga tingkat risiko tetap berada dalam batas control risk exposure while maintaining risk levels within
yang dapat diterima. acceptable thresholds.
3. Kecukupan proses identifikasi, pengukuran, pengendalian, 3. Adequacy of risk identification, measurement, control,
dan pemantauan risiko, serta sistem informasi manajemen and monitoring processes, as well as the risk management
risiko information system
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Tata Kelola Perusahaan
Good Corporate Governance
Proses manajemen risiko dijalankan secara komprehensif Risk management process is applied comprehensively
melalui tahapan identifikasi, pengukuran, pengendalian, through the stages of risk identification, measurement,
dan pemantauan risiko. Seluruh tahapan tersebut didukung control, and monitoring. All stages are supported by
oleh sistem informasi manajemen risiko yang andal, a reliable risk management information system, enabling
sehingga menghasilkan data dan laporan yang akurat, the generation of accurate, timely, and relevant data and
tepat waktu, dan relevan bagi pengambilan keputusan. reports to support decision-making.
4. Sistem pengendalian internal yang menyeluruh 4. A comprehensive internal control system
Sistem pengendalian internal diterapkan secara The internal control system is implemented
menyeluruh untuk memastikan efektivitas pengelolaan comprehensively to ensure the effectiveness of risk
risiko di seluruh lini organisasi. Melalui mekanisme management across all levels of the organization. Through
pengendalian yang terintegrasi, Perseroan dapat menjaga integrated control mechanisms, the Company is able to
kepatuhan, meningkatkan disiplin operasional, serta maintain compliance, enhance operational discipline,
memperkuat fondasi tata kelola perusahaan yang sehat and strengthen the foundation of sound and sustainable
dan berkelanjutan. corporate governance.
Jenis Risiko dan Upaya Mitigasi Types of Risks and Mitigation Efforts
Berikut adalah daftar jenis dan upaya mitigasi risiko yang telah The following is a list of risk types and mitigation measures
dikelompokkan oleh Perseroan: that have been classified by the Company:
Risiko Strategis
Strategic Risk
Indikasi Ketidaktepatan dalam pengambilan atau pelaksanaan keputusan strategis serta kegagalan dalam mengantisipasi
perubahan lingkungan bisnis yang dapat memengaruhi pencapaian tujuan Perseroan.
Indication Inaccuracy in strategic decision-making or implementation, as well as failure to anticipate changes in
the business environment that could impact the achievement of Company objectives.
Upaya Mitigasi Mengadakan rapat Komite Manajemen Risiko dan komite-komite pendukung Direksi guna memantau dan menganalisis
pelaksanaan strategi bisnis. Selain itu, dilakukan perencanaan tindakan perbaikan pada proses pengendalian internal
jika diperlukan. Hal ini bertujuan untuk memastikan adanya pemahaman bersama antara Direksi dan seluruh divisi
terkait terhadap tujuan dan sasaran yang ingin dicapai dalam kegiatan bisnis Perseroan.
Mitigation Efforts Hold meetings between the Risk Management Committee and the Board of Directors’ supporting committees to
monitor and analyze the implementation of business strategies. Additionally, corrective action plans for internal
control processes are prepared if necessary. This aims to ensure a common understanding between the Board of
Directors and relevant divisions regarding the objectives and targets to be achieved in the Company’s business
activities.
Risiko Operasional
Operational Risk
Indikasi Terjadinya insiden dalam aktivitas operasional, kepuasan pelanggan dan mitra bisnis, perubahan peraturan yang
berlaku, dinamika lingkungan, dan kebutuhan akan kualitas sumber daya manusia yang lebih unggul.
Indication Incidents in operational activities, customer and business partner satisfaction, amendments to applicable regulations,
environmental dynamics, and the need for superior human resource quality.
Upaya Mitigasi Semua divisi wajib melakukan proses pengendalian internal yang menyeluruh, efektif, efisien, dan melakukan
pengawasan secara berkala. Setiap aktivitas di dalam Perseroan wajib diatur dan didokumentasikan pada kebijakan,
panduan, dan prosedur yang wajib direviu secara berkala, Dalam konteks memastikan kepuasan nasabah, secara
berkala dilakukan rencana pengembangan layanan dengan menitikberatkan pada peningkatan efisiensi dan
efektivitas proses, serta pemanfaatan teknologi sebagai solusi yang berfokus pada kepuasan dan kepercayaan
nasabah.
Mitigation Efforts All divisions are required to implement comprehensive, effective, and efficient internal control process and conduct
regular monitoring. Every activity within the Company must be regulated and documented in policies, guidelines,
and procedures that must be reviewed regularly. To ensure customer satisfaction, service development plans are
periodically implemented with an emphasis on increasing process efficiency and effectiveness, as well as utilizing
technology as a solution focusing on customer satisfaction and trust.
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Tata Kelola Perusahaan
Good Corporate Governance
Risiko Asuransi
Insurance Risk
Indikasi Kegagalan Perseroan dalam memenuhi kewajibannya kepada pemegang polis, tertanggung, atau peserta sebagai
akibat dari ketidakcukupan proses seleksi risiko, penetapan premi atau kontribusi, penggunaan reasuransi, dan/atau
penanganan klaim.
Indication The Company’s failure to fulfill its obligations to policyholders, insured parties, or participants due to inadequacies in
the risk selection process, premium or contribution setting, reinsurance utilization, and/or claims handling.
Upaya Mitigasi Memastikan bahwa sifat bisnis asuransi, komposisi dan diversifikasi portofolio bisnis, serta struktur reasuransi
berada dalam selera risiko Perseroan. Selain itu, proses seleksi risiko dan evaluasi liabilitas dalam pengelolaan
asuransi dilakukan dengan cermat agar berjalan secara memadai. Perseroan juga mengelola operasional dukungan
reasuransi dan pengelolaan klaim agar prosesnya berjalan dengan baik dan sesuai standar.
Mitigation Efforts Ensure that the nature of the insurance business, the composition and diversification of the business portfolio, and
the reinsurance structure remain within the Company’s risk appetite. Additionally, the risk selection process and
liability evaluation in insurance management are conducted thoroughly to ensure adequacy. The Company also
manages the operations of reinsurance support and claims management to ensure that the process is sound and
standardized.
Risiko Kredit
Credit Risk
Indikasi Kegiatan kredit yang dapat mengakibatkan gagal bayar atau pailit, yang berpotensi memengaruhi stabilitas keuangan
Perseroan.
Indication Credit activities that may result in default or bankruptcy, potentially affecting the Company’s financial stability.
Upaya Mitigasi Mengurangi risiko aset investasi dengan mempertimbangkan kredibilitas pihak ketiga berdasarkan rekam jejaknya,
menerapkan strategi penempatan aset pada prospek yang baik, dan mengidentifikasi proporsi instrumen investasi
terhadap total investasi sesuai dengan ketentuan peraturan yang berlaku.
Mitigation Efforts Mitigate investment asset risks by considering the credibility of third parties based on their track record, implementing
asset placement strategies in promising prospects, and identifying the proportion of investment instruments to
total investments in accordance with applicable regulatory provisions.
Risiko Pasar
Market Risk
Indikasi Kerugian finansial akibat pergerakan variabel ekonomi yang bersifat sistematis, yang dapat memengaruhi portofolio
investasi Perseroan.
Indication Financial losses caused by systematic economic variable movements, which could affect the Company’s investment
portfolio.
Upaya Mitigasi Melakukan evaluasi secara periodik atas kinerja efek, mengimplementasikan strategi diversifikasi portofolio, serta
memastikan bahwa investasi yang dilakukan sesuai dengan rencana strategis jangka panjang.
Mitigation Efforts Conduct periodic evaluations of securities performance, implement portfolio diversification strategies, and ensure
investments are aligned with the Company’s long-term strategic plans.
Risiko Likuiditas
Liquidity Risk
Indikasi Perubahan dinamis dalam kondisi ekonomi global, seperti fluktuasi sektor perbankan, suku bunga, dan industri
terkait lainnya, yang berpotensi memengaruhi kemampuan Perseroan dalam memenuhi kewajiban jangka pendek.
Indication Dynamic changes in global economic conditions, such as fluctuations in the banking sector, interest rates, and other
related industries, which may impact the Company’s ability to meet short-term obligations.
Upaya Mitigasi Menggunakan instrumen dan proporsi yang sesuai dengan strategi investasi yang telah ditetapkan, serta melakukan
pengendalian terhadap laju pertumbuhan kewajiban dan pemantauan secara berkala.
Mitigation Efforts Utilize instruments and proportions aligned with the established investment strategy while controlling liability
growth rates and conducting regular monitoring.
Risiko Hukum
Legal Risk
Indikasi Adanya potensi keputusan pengadilan yang dapat mengakibatkan kerugian finansial atau pidana kepada Perseroan.
Indication The potential for court rulings that may result in financial losses or criminal liability for the Company.
Upaya Mitigasi Melakukan tinjauan berkala terhadap perjanjian kerja sama dengan pihak lain, yang dilakukan oleh Divisi Legal serta
konsultan hukum independen, apabila diperlukan. Selain itu, perjanjian-perjanjian yang ada terus diperbarui agar
tetap sesuai dengan periode waktu yang berlaku serta sesuai standar dan ketentuan yang disepakati.
Mitigation Efforts Conduct periodic reviews of cooperation agreements with third parties, conducted by the Legal Division and
independent legal consultants, if necessary. Additionally, existing agreements are continuously updated to remain
in accordance with the applicable time period and the agreed standards and provisions.
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Tata Kelola Perusahaan
Good Corporate Governance
Risiko Kepatuhan
Compliance Risk
Indikasi Ketidakpatuhan terhadap peraturan perundang-undangan dan/atau ketentuan yang berlaku yang dapat
memengaruhi kelangsungan usaha Perseroan.
Indication Non-compliance with laws and/or regulations that may impact the Company’s business continuity.
Upaya Mitigasi Memastikan kepatuhan terhadap peraturan yang berlaku dalam setiap aktivitas usaha dan menginternalisasi budaya
manajemen risiko kepatuhan di seluruh level organisasi. Selain itu, kebijakan, ketentuan, sistem, dan prosedur
kegiatan usaha diperiksa agar sesuai dengan peraturan yang berlaku. Perseroan juga menerapkan prinsip tata kelola
yang baik untuk menciptakan sistem yang harmonis dalam manajemen risiko kepatuhan.
Mitigation Efforts Ensure compliance with applicable regulations in every business activity and internalize a compliance risk
management culture across all organizational levels. Furthermore, business policies, provisions, systems, and
procedures are reviewed to align with applicable regulations. The Company also applies good corporate governance
principles to create a harmonious system for compliance risk management.
Risiko Reputasi
Reputation Risk
Indikasi Menurunnya tingkat kepercayaan pemangku kepentingan yang disebabkan oleh persepsi negatif terhadap Perseroan.
Indication Declining stakeholder trust caused by negative perceptions of the Company.
Upaya Mitigasi Menerapkan strategi branding yang didukung oleh kajian memadai dan sesuai dengan visi, misi, serta rencana bisnis.
Perseroan juga memperhatikan kinerja, profesionalisme, keunggulan nilai jual, dan daya saing dalam bisnis. Selain
itu, proses penanganan keluhan dilakukan secara memadai dengan tujuan menjaga kepercayaan nasabah yang telah
terjalin dengan baik. Langkah-langkah ini diambil untuk mempertahankan dan meningkatkan citra positif Perseroan
di mata pemangku kepentingan.
Mitigation Efforts Implement branding strategies supported by adequate studies according to the Company’s vision, mission, and
business plans. The Company also prioritizes performance, professionalism, competitive advantages, and business
competitiveness. Moreover, complaints are handled appropriately to maintain the well-established trust of
customers. These measures aim to maintain and strengthen the Company’s positive reputation among stakeholders.
Hasil Penilaian Tingkat Kesehatan Company’s Soundness Level Assessment
Perusahaan Results
Hasil penilaian tingkat kesehatan Perseroan pada tahun 2025 The Company’s soundness level assessment results in 2025
menunjukkan peringkat komposit 2 atau kategori cukup indicate a composite rating of 2, categorized as fairly sound.
sehat. Capaian ini mencerminkan kemampuan Perseroan This achievement reflects the Company’s ability to maintain
dalam menjaga keseimbangan indikator keuangan dan a balance between financial and non-financial indicators
non-keuangan sesuai standar Otoritas Jasa Keuangan, meliputi according to the standards of the Financial Services Authority,
kecukupan modal, kualitas aset, rentabilitas, likuiditas, including capital adequacy, asset quality, profitability, liquidity,
serta sensitivitas terhadap risiko. Melalui penerapan prinsip and sensitivity to risk. Through the consistent application of
kehati-hatian dan pengelolaan risiko yang disiplin, Perseroan the principles of prudence and disciplined risk management,
senantiasa memastikan tingkat kesehatan usaha tetap berada the Company ensures that its overall soundness level remains
dalam koridor regulasi. within the regulatory framework.
Tinjauan atas Efektivitas Sistem Review of the Effectiveness of Risk
Manajemen Risiko Management System
Audit Internal secara konsisten melakukan peninjauan The Internal Audit function consistently conducts reviews of
terhadap efektivitas manajemen risiko untuk menilai the effectiveness of risk management to assess its accuracy
ketepatannya dalam mengidentifikasi, mengelola, dan in identifying, managing, and mitigating potential risks.
memitigasi potensi risiko. Proses ini berfungsi untuk This process serves to identify weaknesses as well as areas
menemukan kelemahan maupun area yang memerlukan requiring enhancement, thereby providing a foundation for
penyempurnaan, sehingga hasilnya menjadi landasan continuous improvement. Accordingly, the Company’s risk
bagi perbaikan berkelanjutan. Dengan demikian, sistem management system remains relevant, efficient, and capable
manajemen risiko Perseroan senantiasa terjaga relevansinya, of supporting business sustainability and long-term growth.
tetap efisien, serta mampu mendukung keberlanjutan usaha
dan pertumbuhan jangka panjang.
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Tata Kelola Perusahaan
Good Corporate Governance
Pernyataan Dewan Komisaris dan Direksi Statements of the Board of
atas Kecukupan Sistem Manajemen Risiko Commissioners and Board of Directors on
the Adequacy of Risk Management System
Pada tahun 2025, Dewan Komisaris dan Direksi menilai bahwa In 2025, the Board of Commissioners and Board of
penerapan manajemen risiko Perseroan telah berjalan secara Directors assessed that the Company’s risk management
memadai, ditunjukkan dengan ketiadaan risiko signifikan yang implementation had been adequate, as evidenced by
mengganggu aspek operasional maupun keuangan. Kendati the absence of significant risks that could disrupt
demikian, Dewan Komisaris dan Direksi tetap menegaskan operational or financial aspects. Nevertheless, the Board of
pentingnya peningkatan berkelanjutan agar efektivitas Commissioners and Board of Directors always emphasize
manajemen risiko semakin optimal dan mampu mendukung the importance of continuous improvement to further
keberlangsungan bisnis dalam jangka panjang. optimize risk management effectiveness and to support
long-term business sustainability.
Auditor Eksternal
External Auditor
Sebagai entitas yang diawasi Otoritas Jasa Keuangan, As an entity supervised by the Financial Services Authority,
Perseroan menunjuk Kantor Akuntan Publik independen the Company appoints an independent Public Accounting
untuk melaksanakan audit tahunan atas Laporan Keuangan Firm to conduct the annual audit of its Financial Statements
sesuai dengan Standar Akuntansi Keuangan (yang berlaku in accordance with Financial Accounting Standards (applicable
di Indonesia). Penunjukan ini dilaksanakan melalui proses in Indonesia). Such appointments are carried out through
yang transparan berdasarkan rekomendasi Komite Audit dan a transparent process based on the Audit Committee’s
usulan Dewan Komisaris, sesuai dengan ketentuan Peraturan recommendation and the Board of Commissioners’ proposal,
Otoritas Jasa Keuangan No. 9 Tahun 2023 tentang Penggunaan in compliance with Financial Services Authority Regulation
Jasa Akuntan Publik dalam Kegiatan Jasa Keuangan. No. 9 of 2023 concerning the Use of Public Accountant Services
Auditor eksternal yang ditunjuk wajib bebas dari benturan in Financial Services Activities. The appointed external auditor
kepentingan (conflict of interest) guna menjamin objektivitas must be free from conflicts of interest to ensure the objectivity
dan kredibilitas opini yang diberikan, serta mendukung and credibility of the opinion issued, as well as to support
penerapan prinsip tata kelola perusahaan yang baik. the implementation of good corporate governance principles.
Adapun Kantor Akuntan Publik yang bekerja sama dengan The Public Accounting Firms assigned by the Company over
Perseroan dalam kurun waktu 5 tahun terakhir sebagai berikut: the past 5 years are as follows:
Tahun Buku Biaya
Nama KAP Nama Akuntan Jenis Jasa
Financial Fee
KAP’s Name Accountant’s Name Type of Service
Year (Rp)
Audit atas Laporan Keuangan Perseroan
KAP Purwantono, Susanti & Surja dan atas paket pelaporan grup ke Entitas
(anggota dari Ernst & Young Global) Induk Perseroan
2025 Ignatius Yokajaya 2.750.000.000
KAP Purwantono, Susanti & Surja Audit of the Company’s Financial
(member of Ernst & Young Global) Statements and of the group reporting
package to the Company’s Parent Entity
Audit atas Laporan Keuangan Perseroan
KAP Purwantono, Sungkoro & Surja dan atas paket pelaporan grup ke Entitas
(anggota dari Ernst & Young Global) Induk Perseroan
2024 Ignatius Yokajaya 5.600.000.000
KAP Purwantono, Sungkoro & Surja Audit of the Company’s Financial
(member of Ernst & Young Global) Statements and of the group reporting
package to the Company’s Parent Entity
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Tata Kelola Perusahaan
Good Corporate Governance
Tahun Buku Biaya
Nama KAP Nama Akuntan Jenis Jasa
Financial Fee
KAP’s Name Accountant’s Name Type of Service
Year (Rp)
Audit atas Laporan Keuangan Perseroan
KAP Purwantono, Sungkoro & Surja dan atas paket pelaporan grup ke Entitas
(anggota dari Ernst & Young Global) Induk Perseroan
2023 Ignatius Yokajaya 4.090.350.000
KAP Purwantono, Sungkoro & Surja Audit of the Company’s Financial
(member of Ernst & Young Global) Statements and of the group reporting
package to the Company’s Parent Entity
KAP Purwantono, Sungkoro & Surja Audit Laporan Keuangan Konsolidasian
(anggota dari Ernst & Young Global) Perseroan
2022 Muhammad Kurniawan 1.635.000.000
KAP Purwantono, Sungkoro & Surja Audit of the Company’s Consolidated
(member of Ernst & Young Global) Financial Statements
KAP Purwantono, Sungkoro & Surja Audit Laporan Keuangan Konsolidasian
(anggota dari Ernst & Young Global) Perseroan
2021 Hermawan Setiadi 1.550.000.000
KAP Purwantono, Sungkoro & Surja Audit of the Company’s Consolidated
(member of Ernst & Young Global) Financial Statements
Jasa Lain yang Diberikan Other Services Provided
Selain audit Laporan Keuangan Konsolidasian Perseroan In addition to the audit of the Company’s Consolidated
untuk tahun buku 2025, Kantor Akuntan Publik Purwantono, Financial Statements for the 2025 financial year, the Public
Sungkoro & Surja tidak memberikan jasa lainnya. Accounting Firm Purwantono, Sungkoro & Surja does not
provide any other services.
Perkara Hukum Signifikan
Significant Legal Cases
Perkara Penting yang Dihadapi Perseroan Significant Cases Faced by the Company
Perkara hukum penting yang dihadapi Perseroan selama tahun Significant legal cases faced by the Company throughout 2025
2025 diuraikan sebagai berikut: are described as follows:
Total Kasus
Permasalahan Hukum Total Cases
Legal Issues Pidana Perdata
Criminal Civil
Telah selesai (telah mendapat putusan yang berkekuatan hukum tetap)
- 21
Resolved (has obtained a final legal verdict)
Dalam proses penyelesaian di pengadilan dan di lembaga alternatif penyelesaian sengketa untuk
kasus perdata - 16
In the process of resolution in court and alternative dispute resolution institutions for civil cases
Total - 37
Uraian mengenai perkara hukum signifikan yang dihadapi The description of significant legal cases faced by the Company
Perseroan, diuraikan sebagai berikut: is as follows:
1. Pada Januari 2022, Perseroan menjadi Tergugat 1 dalam 1. In January 2022, the Company was named as Defendant I in
gugatan perdata tanggung renteng dengan No. Perkara joint liability civil lawsuits under Case No. 54/Pdt.G/2022/
54/Pdt.G/2022/PN.Mnd dan 61/Pdt.G/2022/PN.Mnd di PN.Mnd and No. 61/Pdt.G/2022/PN.Mnd at Manado
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Tata Kelola Perusahaan
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Pengadilan Negeri Manado. Dalam gugatan tersebut, District Court. In these lawsuits, Plaintiffs sought material
Penggugat menuntut ganti rugi materiil sebesar Rp83,55 damages of Rp83.55 billion, loss of profit compensation
miliar, ganti rugi kehilangan keuntungan sebesar 5% per of 5% per month, late payment penalties of 6% per
bulan, denda keterlambatan sebesar 6% per tahun sejak annum from May 2020 until the judgment is enforced, and
Mei 2020 hingga putusan dilaksanakan, serta ganti rugi immaterial damages of Rp100 billion.
immateriil sebesar Rp100 miliar.
Pada 6 Februari 2023, Pengadilan Negeri Manado On February 6, 2023, Manado District Court rendered its
menjatuhkan putusan atas kedua perkara tersebut decision in both cases, declaring the Company jointly liable
yang menyatakan Perseroan bertanggung jawab secara to pay material damages in the form of premium refunds
tanggung renteng untuk membayar ganti rugi materiil amounting to Rp82.25 billion, loss of profit compensation
berupa pengembalian uang premi sebesar Rp82,25 miliar, of 5% per month, late payment penalties of 6% per
ganti rugi kehilangan keuntungan sebesar 5% per bulan annum from May 2020 until the judgment is enforced, and
dan denda keterlambatan sebesar 6% per tahun sejak immaterial damages of Rp50 billion.
Mei 2020 hingga putusan dilaksanakan, serta ganti rugi
immateriil sebesar Rp50 miliar.
Atas putusan tersebut, Perseroan menggunakan hak In response to the decision, the Company exercised its
hukumnya dengan mengajukan banding ke Pengadilan legal rights by filing an appeal with Manado Appellate
Tinggi Manado pada 16 Februari 2023. Court on February 16, 2023.
2. Pada 27 Juni 2023, Pengadilan Tinggi Manado melalui 2. On June 27, 2023, Manado Appellate Court, through
Putusan No. 92/PDT/2023/PT MND dan 101/PDT/2023/ Decisions No. 92/PDT/2023/PT MND and No. 101/
PT MND memutuskan bahwa Perseroan bertanggung PDT/2023/PT MND, ruled that the Company was partially
jawab secara parsial atas kedua gugatan tersebut liable for both claims, with the obligation to pay 50% of
dengan kewajiban membayar 50% dari total uang premi the total premium amounting to Rp82.25 billion, loss of
sebesar Rp82,25 miliar, ganti rugi kehilangan keuntungan profit compensation of Rp4 billion per month from May
sebesar Rp4 miliar per bulan sejak Mei 2020 hingga 2020 until the decision becomes final and binding, late
putusan berkekuatan hukum tetap, denda keterlambatan payment penalties of Rp2 billion per year from 2020 until
sebesar Rp2 miliar per tahun sejak 2020 hingga putusan the decision becomes final and binding, and 50% of Rp20
berkekuatan hukum tetap, serta 50% dari Rp20 miliar billion for immaterial damages.
untuk kerugian immateriil.
Atas putusan Pengadilan Tinggi Manado tersebut, In response to Manado Appellate Court’s decision,
Perseroan menggunakan hak hukumnya dengan the Company exercised its legal rights by filing a cassation
mengajukan kasasi ke Mahkamah Agung pada 20 Juli 2023. appeal with the Supreme Court on July 20, 2023.
Mahkamah Agung kemudian mengeluarkan Putusan The Supreme Court subsequently issued Cassation
Kasasi No. 631 K/Pdt/2024 tertanggal 7 Maret 2024 dan Decision No. 631 K/Pdt/2024 dated March 7, 2024, and
Putusan Kasasi No. 621 K/Pdt/2024 tertanggal 27 Maret Cassation Decision No. 621 K/Pdt/2024 dated March
2024, yang menyatakan bahwa Perseroan tidak melakukan 27, 2024, which declared that the Company had not
Perbuatan Melawan Hukum dan dibebaskan dari tanggung committed an unlawful act and was therefore released
jawab ganti rugi. from liability for damages.
3. Pada 30 Oktober 2024, para Penggugat mengajukan 3. On October 30, 2024, the Plaintiffs filed petitions for
Peninjauan Kembali (PK) ke Mahkamah Agung atas Judicial Review (PK) with the Supreme Court against both
kedua putusan kasasi tersebut. Sehubungan dengan cassation decisions. In response, the Company submitted
pengajuan Peninjauan Kembali tersebut, Perseroan telah its counter-memoranda for judicial review on December
menyampaikan Kontra Memori Peninjauan Kembali pada 17, 2024.
17 Desember 2024.
4. Pada 22 Januari 2026, Perseroan menerima relaas 4. On January 22, 2026, the Company received the official
Putusan Peninjauan Kembali No. 1407 PK/Pdt/2025. notification (relaas) of Judicial Review Decision No. 1407
Dalam amar putusan tersebut, Perseroan dinyatakan PK/Pdt/2025. In its ruling, the Company was declared
bertanggung jawab secara parsial sebesar 50% dari total partially liable for 50% of the total premium compensation
pembayaran ganti rugi premi sebesar Rp38,50 miliar, amounting to Rp38.50 billion, loss of profit compensation
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Tata Kelola Perusahaan
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ganti rugi kehilangan keuntungan sebesar Rp2 miliar of Rp2 billion per month from May 2020 until the decision
setiap bulan terhitung sejak Mei 2020 hingga putusan becomes final and binding, and late payment penalties of
memperoleh kekuatan hukum tetap, serta ganti rugi Rp1 billion per year from 2020 until the decision becomes
denda keterlambatan sebesar Rp1 miliar setiap tahun final and binding.
terhitung sejak tahun 2020 hingga putusan memperoleh
kekuatan hukum tetap.
5. Pada 30 Januari 2026, Perseroan juga menerima relaas 5. On January 30, 2026, the Company also received
Putusan Peninjauan Kembali No. 1327 PK/Pdt/2025. the official notification (relaas) of Judicial Review Decision
Dalam amar putusan tersebut, Perseroan dinyatakan No. 1327 PK/Pdt/2025. In this ruling, the Company was
bertanggung jawab secara parsial sebesar 30% dari total declared partially liable for 30% of the total premium
pembayaran ganti rugi premi sebesar Rp43,75 miliar, compensation amounting to Rp43.75 billion, loss of
ganti rugi kehilangan keuntungan sebesar Rp2 miliar profit compensation of Rp2 billion per month from May
setiap bulan terhitung sejak Mei 2020 hingga putusan 2020 until the decision becomes final and binding, late
memperoleh kekuatan hukum tetap, ganti rugi denda payment penalties of Rp1 billion per year from 2020 until
keterlambatan sebesar Rp1 miliar setiap tahun terhitung the decision becomes final and binding, and immaterial
sejak tahun 2020 hingga putusan memperoleh kekuatan damages of Rp10 billion, which will subsequently be
hukum tetap, serta ganti rugi immateriil sebesar Rp10 offset against the auction proceeds as determined in
miliar, yang selanjutnya diperhitungkan dengan hasil the previous court decision.
lelang dalam Putusan Pengadilan sebelumnya.
Hingga saat ini, Perseroan masih menunggu salinan As of the reporting date, the Company is still awaiting
lengkap putusan secara formal atas kedua Putusan the formal complete copies of both judicial review
Peninjauan Kembali tersebut. decisions.
Perkara Penting yang Dihadapi oleh Significant Cases Faced by Current
Anggota Dewan Komisaris, Dewan Members of the Board of Commissioners,
Pengawas Syariah, dan Direksi yang Sharia Supervisory Board, and Board of
sedang Menjabat Directors
Pada tahun 2025, tidak terdapat perkara penting, baik perdata In 2025, there were no significant legal cases, either civil or
maupun pidana yang dihadapi oleh anggota Dewan Komisaris, criminal, involving members of the Board of Commissioners,
anggota Dewan Pengawas Syariah, dan anggota Direksi. members of the Sharia Supervisory Board, and members of
the Board of Directors.
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Sanksi Administratif
Administrative Sanctions
Pada tahun 2025, Perseroan dikenakan sanksi administratif In 2025, the Company was imposed with administrative
dengan uraian sebagai berikut: sanctions, as follows:
Jumlah Sanksi Administratif
Jenis Sanksi Number of Administrative Sanctions Type of Sanction
(Rp)
Sanksi Administratif atas Keterlambatan Administrative Sanction for Late Submission
Penyampaian dan Pengumuman Laporan Keuangan 42.000.000 and Announcement of the Annual Financial
Tahunan per 31 Desember 2024 Statements as of December 31, 2024
Fine Sanction for Late Submission of
Sanksi Denda atas Keterlambatan Penyampaian
Follow-up Actions on the List of Suspected
Tindak Lanjut atas Daftar Terduga Teroris dan 200.000
Terrorists and Terrorist Organizations
Organisasi Teroris (DTTOT) 9 Mei 2025
(DTTOT) as of May 9, 2025
Kode Etik
Code of Ethics
Perseroan menetapkan Kode Etik sebagai rujukan utama etika The Company has established a Code of Ethics as the primary
usaha bagi seluruh organ perusahaan dalam menegakkan ethical reference for all corporate organs in upholding
integritas, profesionalisme, dan tanggung jawab. Dokumen ini integrity, professionalism, and accountability. This document
menekankan nilai kejujuran, akuntabilitas, serta penghormatan emphasizes the values of honesty, accountability, and respect
terhadap hak asasi manusia yang menjadi landasan dalam for human rights, which serve as the foundation for all
setiap pengambilan keputusan maupun aktivitas operasional. decision-making processes and operational activities. Through
Dengan penerapan yang konsisten dan disiplin, Kode Etik consistent and disciplined implementation, the Code of Ethics
berfungsi memastikan terciptanya budaya kerja yang sehat, functions to ensure the creation of a healthy and ethical work
beretika, serta selaras dengan prinsip tata kelola yang baik. culture that is aligned with the good corporate governance
principles.
Pokok-Pokok Kode Etik Principles of the Code of Ethics
Perseroan telah memiliki Compliment Manual sebagai The Company has established a Compliment Manual as
dokumen yang menjadi acuan perilaku seluruh insan a document that serves as a behavioral guideline for all MSIG
MSIG Life. Isi dari dokumen tersebut membahas mengenai Life personnel. The contents of this document set out the key
pokok-pokok Kode Etik Perseroan yang diuraikan sebagai principles of the Company’s Code of Ethics, which are outlined
berikut: as follows:
2025 Annual Report 239 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Aspek Uraian
Aspect Description
Perseroan memberikan layanan solusi risiko berkualitas tinggi dengan kepuasan pelanggan sebagai
Pelanggan dasar untuk semua tindakan.
Customers The Company provides high quality risk solution services with customer satisfaction as the basis for
all actions.
Perseroan menyediakan tempat kerja yang menstimulasi dan dapat diterima karyawan guna menjaga
Karyawan organisasi agar tetap kuat dan sukses.
Employees The Company provides a stimulating workplace that is acceptable to employees to keep
the organization strong and successful.
Perseroan memenuhi harapan para Pemegang Saham dengan memperluas nilai perusahaan dan
Pemegang Saham memberikan hasil yang sesuai.
Shareholders The Company fulfils Shareholders’ expectations by expanding corporate value and delivering results
accordingly.
Perseroan memelihara hubungan baik dengan komunitas lokal dan internasional, serta menjalin kerja
Komunitas sama untuk kemajuan bersama sebagai anggota komunitas.
Community The Company maintains good relationship with local and international communities and cooperates
for mutual progress as community members.
Perseroan bekerja untuk mencapai kemakmuran bersama melalui kolaborasi dengan keagenan yang
Agen merupakan mitra bisnis penting.
Agents The Company works to achieve mutual properity through collaboration with agencies which are
important business partners.
Perseroan turut serta membantu, melindungi, dan meningkatkan lingkungan global untuk
Lingkungan kepentingan generasi masa depan.
Environment The Company participates in helping, protecting, and improving the global environment for
the benefit of future generations.
Mitra Bisnis (Kontraktor, Pemasok, dan Perseroan mempertahankan hubungan yang sehat dengan mitra bisnis dan bekerja sama untuk
Lain-lain) memenuhi tanggung jawab kepada masyarakat.
Business Partners (Contractors, The Company maintains healthy relationship with business partners and works together to fulfill its
Supplier, and Others) responsibility to community.
Bentuk Sosialisasi Kode Etik dan Upaya Forms of Dissemination of the Code of
Penegakannya Ethics and Enforcement Efforts
Fungsi Sumber Daya Manusia memastikan nilai integritas The Human Capital function ensures that the integrity value
tertanam melalui sosialisasi dan internalisasi Kode Etik sejak is embedded through the dissemination and internalization
hari pertama karyawan bergabung hingga pelatihan tahunan. of the Code of Ethics, starting from an employee’s first day
Pemahaman diperkuat lewat berbagai media komunikasi, of employment and continuing through annual training
program orientasi, serta penandatanganan Pakta Integritas programs. The understanding is reinforced through various
oleh seluruh jajaran. Perseroan juga menyediakan ruang communication media, orientation programs, and the signing
konsultasi terkait etika usaha dan tata perilaku, serta of an Integrity Pact by all personnel. The Company also
menerapkan sanksi proporsional bagi setiap pelanggaran provides consultation channels related to business ethics and
sebagai wujud konsistensi menjaga budaya kepatuhan. standards of conduct, and applies proportionate sanctions for
any violations as a manifestation of its consistent commitment
to maintaining a compliance culture.
Pernyataan bahwa Kode Etik Berlaku bagi Statement that the Code of Ethics Applies
Seluruh Tingkatan Organisasi to All Levels of the Organization
Perseroan menegakkan Kode Etik sebagai pedoman The Company enforces the Code of Ethics as a code of conduct
perilaku yang berlaku bagi seluruh organ perusahaan, applicable to all corporate organs, including the Company’s
mencakup Dewan Komisaris, Direksi, Manajemen, hingga Board of Commissioners, Board of Directors, Management,
seluruh insan Perseroan. Penerapannya dipertegas melalui and all personnel. Its implementation is reinforced through
penandatanganan pernyataan tertulis sebagai bentuk the signing of written statements as a form of collective
komitmen bersama dalam menjunjung standar integritas dan commitment to upholding standards of integrity and
profesionalisme. professionalism.
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Tata Kelola Perusahaan
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Program Kepemilikan Saham oleh Manajemen
dan/atau Karyawan
Share Ownership Program for Management and/or Employees
Pada tahun 2025, Perseroan memasuki tahap akhir pelaksanaan In 2025, the Company entered the final stage of implementing
program insentif jangka panjang berupa kepemilikan saham its long-term incentive program in the form of management
oleh manajemen (MSOP) dan karyawan (ESOP), yang telah share ownership (MSOP) and employee share ownership
diperkenalkan sejak 2024 sebagai bentuk apresiasi bagi (ESOP), which was introduced in 2024 as a form of appreciation
Direksi dan karyawan. Program ini memberikan manfaat for the Board of Directors and employees. This program
tunai yang diinvestasikan kembali dalam saham Perseroan, provides cash benefits that are reinvested in the Company’s
dengan ketentuan lock-up selama 2 tahun. Dengan demikian, shares, subject to a 2-year lock-up period. Accordingly,
meskipun periode program berakhir pada pertengahan 2025, although the program period concluded in mid-2025, the
manfaat dan nilai keberlanjutan dari kepemilikan saham tetap benefits and sustainability value of share ownership continue
berjalan hingga berakhirnya masa penyimpanan, sehingga until the end of the lock-up period, thereby strengthening
memperkuat komitmen jangka panjang serta keterikatan employees’ long-term commitment and dedication to the
insan Perseroan dengan kinerja perusahaan. Rincian program Company’s performance. The details of the program are
tersebut diuraikan berikut ini: presented below:
Aspek Uraian
Aspect Description
Periode Program 1 tahun (Juli 2024 - Juni 2025)
Program Period 1 year (July 2024 - June 2025)
Periode Lock-Up 2 tahun
Lock-Up Period 2 years
Jumlah Karyawan yang
Akan Mendapatkan
101 karyawan
Penghargaan
101 employees
Number of Employees to
Receive Awards
Estimasi Jumlah Biaya Program akan dilaksanakan sesuai dengan salah satu dari 3 skenario berikut:
Program The program will be implemented according to one of the following 3 scenarios:
Estimated Program Costs
Kisaran Harga
Skenario per Lembar Saham Biaya Maksimal
Scenario Range of Price per Maximum Costs
Stock
• Rp5.999,00 x 100 saham x 88 orang x 12* = Rp633.494.400,00 maksimal.
• Rp5.999,00 x 200 saham x 13 orang x 12* = Rp187.168.800,00 maksimal.
1 Rp50,00 – Rp5.999,00
• Rp5,999 x 100 shares x 88 people x 12* = Rp633,494,400 maximum.
• Rp5,999 x 200 shares x 13 people x 12* = Rp187,168,800 maximum.
• Rp9.999,00 x 100 saham x 88 orang x 6* = Rp527.947.200,00 maksimal.
• Rp9.999,00 x 200 saham x 13 orang x 6* = Rp155.984.400,00 maksimal.
2 Rp6.000,00 – Rp9.999,00
• Rp9,999 x 100 shares x 88 people x 6* = Rp527,947,200 maximum.
• Rp9,999 x 200 shares x 13 people x 6* = Rp155,984,400 maximum.
• Rp15.000,00 x 100 saham x 88 orang x 4* = Rp528.000.000,00 maksimal.
• Rp15.000,00 x 200 saham x 13 orang x 4* = Rp156.000.000,00 maksimal.
3 >Rp9.999,00
• Rp15,000 x 100 shares x 88 people x 4* = Rp528,000,000 maximum.
• Rp15,000 x 200 shares x 13 people x 4* = Rp156,000,000 maximum.
* 12/6/4 adalah kemungkinan frekuensi maksimal, frekuensi pengalokasian saham akan berkurang jika harga saham naik
(mengikuti skenario disediakan). / 12/6/4 is the maximum possible frequency, the frequency of stock allocation will decrease if
the stock price rises (according to the provided scenario).
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Tata Kelola Perusahaan
Good Corporate Governance
Kebijakan Pengungkapan Informasi
Information Disclosure Policy
Perseroan menegakkan prinsip transparansi dengan The Company upholds the principle of transparency by
mewajibkan setiap anggota Dewan Komisaris dan Direksi untuk requiring each member of the Board of Commissioners and
melaporkan kepemilikan maupun perubahan kepemilikan Board of Directors to report any share ownership as well
saham, baik secara langsung maupun tidak langsung, sesuai as changes in share ownership, whether held directly or
ketentuan peraturan yang berlaku. Kewajiban pelaporan indirectly, in line with applicable regulations. This reporting
ini dilakukan dalam tenggat waktu yang ditetapkan oleh obligation must be fulfilled within the timeframes stipulated
Otoritas Jasa Keuangan, termasuk apabila kepemilikan saham by the Financial Services Authority, including in cases where
mencapai atau melampaui 5% dari total saham Perseroan. share ownership reaches or exceeds 5% of the Company’s total
Untuk menjaga keteraturan dan kepatuhan, Perseroan melalui outstanding shares. To ensure orderliness and compliance,
Corporate Secretary juga secara konsisten menyampaikan the Company, through the Corporate Secretary, consistently
laporan bulanan kepemilikan saham jajaran Dewan Komisaris submits monthly reports on the share ownership of members
dan Direksi kepada Otoritas Jasa Keuangan dan Bursa Efek of the Board of Commissioners and Board of Directors to
Indonesia melalui e-reporting. the Financial Services Authority and Indonesia Stock Exchange
via e-reporting system.
Pengungkapan Kepemilikan Saham Disclosure of Share Ownership of
Anggota Dewan Komisaris dan Direksi the Board of Commissioners and Board
of Directors
Pada tahun 2025, tidak terdapat anggota Dewan Komisaris In 2025, there were no members of the Board of Commissioners
maupun Direksi yang memiliki saham atas Perseroan, baik or Board of Directors who held shares in the Company, either
secara langsung maupun tidak langsung. Sejalan dengan directly or indirectly. In line with the principles of transparency
prinsip transparansi dan kepatuhan terhadap peraturan and compliance with capital market regulations, the Company,
pasar modal, Perseroan melalui Corporate Secretary telah through the Corporate Secretary, submitted monthly reports
menyampaikan laporan bulanan atas kondisi kepemilikan on the status of share ownership to the Financial Services
saham tersebut melalui kepada Otoritas Jasa Keuangan dan Authority and the Indonesia Stock Exchange.
Bursa Efek Indonesia.
PT MSIG Life Insurance Indonesia Tbk 242 Laporan Tahunan 2025
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Tata Kelola Perusahaan
Good Corporate Governance
Sistem Pelaporan Pelanggaran
Whistleblowing System
Perseroan mengimplementasikan Whistleblowing System The Company has implemented a Whistleblowing System
(WBS) yang dinamai MSIG SpeakUp sebagai mekanisme resmi (WBS) known as MSIG SpeakUp as an official mechanism to
untuk menerima dan menindaklanjuti laporan atas dugaan receive and follow up on reports of alleged violations, whether
pelanggaran, baik yang berasal dari pihak internal maupun originating from internal or external parties. The existence of
eksternal. Keberadaan sistem ini merefleksikan komitmen this system reflects the Company’s strong commitment to
teguh Perseroan dalam menjunjung tinggi prinsip GCG, serta upholding GCG principles, as well as ensuring that any actions
memastikan bahwa setiap tindakan yang tidak sesuai dengan inconsistent with internal policies, external regulations, or
ketentuan internal, regulasi eksternal, maupun Kode Etik the Company’s Code of Ethics can be identified at an early
Perseroan dapat diidentifikasi sejak dini. stage.
Melalui MSIG SpeakUp, seluruh insan Perseroan dan pemangku Through MSIG SpeakUp, all Company personnel and
kepentingan didorong untuk bersikap terbuka, berani, dan stakeholders are encouraged to be open, courageous, and
proaktif dalam menyampaikan laporan yang dilengkapi dengan proactive in submitting reports supported by accountable
bukti yang dapat dipertanggungjawabkan. Dengan demikian, evidence. Correspondingly, the WBS serves not only as
WBS tidak hanya berfungsi sebagai instrumen penanganan a mechanism for handling violations but also as a preventive
pelanggaran, tetapi juga merupakan langkah preventif measure that strengthens a culture of integrity and
yang turut memperkuat budaya integritas dan akuntabilitas accountability within the Company.
di seluruh lingkungan Perseroan.
Cara Penyampaian dan Pihak yang Method of Submission and Party Managing
Mengelola Pengaduan Complaints
Perseroan memberikan kesempatan kepada seluruh The Company provides opportunities for all stakeholders, both
pemangku kepentingan, baik dari internal maupun eksternal, internal and external, to submit reports regarding alleged
untuk menyampaikan laporan terkait dugaan pelanggaran, violations, accompanied by relevant supporting evidence.
disertai dengan bukti pendukung yang relevan. Guna menjamin In order to ensure objective and professional handling,
penanganan yang objektif dan profesional, Perseroan telah the Company has established a WBS Team comprising
membentuk Tim WBS yang beranggotakan pejabat struktural, structural officers, namely the Head of Internal Audit,
yaitu Kepala Unit Audit Internal, Kepala Kepatuhan, dan Kepala Head of Compliance, and Head of Legal, under the coordination
Legal, yang berada dalam koordinasi serta pengawasan Divisi and supervision of the Audit, Compliance, and Legal Division.
Audit, Kepatuhan, dan Legal.
Proses pelaporan dapat dilakukan melalui berbagai kanal yang Reports can be submitted through the various channels
telah disediakan Perseroan, yaitu: provided by the Company, as follows:
Hotline
(021) 5092 8905
Situs Web / Website
msigspeakup.com
E-mail PO BOX SMS dan / and WhatsApp
report@msigspeakup.com 2621 JKP 10026 0811 1997 6961
2025 Annual Report 243 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Beragam saluran tersebut dihadirkan untuk memudahkan These channels are provided to make it easier for
pelapor menyampaikan informasi secara aman, rahasia, dan whistleblowers to convey information in a secure, confidential,
dapat dipertanggungjawabkan. and accountable manner.
Jenis Pelanggaran yang dapat Dilaporkan Types of Violations that can be Reported
Jenis pelanggaran yang dapat disampaikan melalui Types of violations that can be reported through
MSIG SpeakUp meliputi: MSIG SpeakUp include:
Pengungkapan informasi pelanggan dan/atau nasabah Pengungkapan strategi atau masalah Perseroan
1 tanpa izin.
Unauthorized disclosure of customer and/or client
3 tanpa izin.
Unauthorized disclosure of Company strategies
information. or issues.
Pelanggaran terhadap peraturan Otoritas Jasa Keuangan,
2 4
perpajakan, Undang-Undang Anti-suap, dan tindakan Setiap jenis tindakan pelecehan yang bersifat pribadi.
korupsi. Any form of personal harassment.
Violation of Financial Services Authority regulations,
taxation, Anti-bribery Law, and corruption actions.
Sosialisasi WBS WBS Dissemination
Kebijakan WBS dipublikasikan melalui situs web resmi The WBS policy is published on the Company’s official website
Perseroan serta dikomunikasikan secara luas oleh Departemen and is broadly communicated by the Human Resources
Sumber Daya Manusia kepada seluruh Direksi, karyawan, Department to the Board of Directors, employees, and
dan pihak terkait. Sosialisasi ini dilakukan melalui berbagai relevant parties. This dissemination is conducted through
saluran, seperti surat elektronik dan media internal, termasuk various channels, such as electronic mail and internal media,
papan pengumuman, guna memastikan akses informasi yang including bulletin boards, to ensure transparent and easily
transparan dan mudah dijangkau oleh seluruh pemangku accessible information for all stakeholders.
kepentingan.
Perlindungan bagi Pelapor Protection for Whistleblower
Perseroan menjamin pemberian perlindungan penuh kepada The Company guarantees full protection to any whistleblower
setiap pelapor yang menyampaikan laporan dengan itikad who submits a report in good faith. Such protection is
baik. Perlindungan ini diwujudkan, antara lain, melalui jaminan implemented, among others, through strict confidentiality
kerahasiaan identitas pelapor guna meminimalkan potensi of the whistleblower’s identity to minimize potential risks
risiko dan konsekuensi yang merugikan di kemudian hari. and adverse consequences in the future. Accordingly,
Dengan demikian, pelapor dapat merasa aman dan terlindungi whistleblowers can feel secure and protected when utilizing
ketika menggunakan mekanisme WBS yang tersedia. the available WBS mechanism.
Penanganan Pengaduan Handling of Complaints
Proses penanganan pengaduan di Perseroan dilaksanakan The complaint-handling process within the Company is carried
secara terstruktur melalui tahap investigasi awal. Tahap ini out in a structured manner through a preliminary investigation
bertujuan memverifikasi subtansi dan kelayakan laporan stage. This stage aims to verify the substance and validity of
sebelum ditindaklanjuti lebih lanjut dalam mekanisme WBS. the report before it proceeds further under the WBS mechanism.
Selanjutnya, hasil investigasi disusun dalam Laporan WBS yang Subsequently, the investigation results are compiled into
memuat kesimpulan analitis sebagai dasar bagi manajemen a WBS Report containing analytical conclusions, which serve as
dalam menetapkan kebijakan atau langkah tindak lanjut yang the basis for management in determining appropriate policies
tepat. or follow-up actions.
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Tata Kelola Perusahaan
Good Corporate Governance
Jumlah Pengaduan yang Diterima Number of Complaints Received
dan Diproses and Processed
Jumlah pengaduan pelanggaran yang diterima Perseroan The number of violation complaints received by the Company
melalui MSIG SpeakUp di tahun 2025 sebagai berikut: through MSIG SpeakUp in 2025 is as follows.
Tindak Lanjut
Jenis Pelanggaran Jumlah Pengaduan Follow-Up
Type of Violation Number of Complaints Belum Diproses Dalam Proses Selesai Diproses
Unprocessed On Process Finished Process
Kepatuhan
5 - 4 1
Compliance
Pelecehan
1 - 1 -
Harassment
Lainnya
2 - - 2
Others
Kebijakan Anti-Penyuapan, Korupsi,
dan Anti-Fraud
Anti-Bribery, Corruption, and Anti-Fraud Policy
Kebijakan Anti-Penyuapan dan Korupsi Anti-Bribery and Corruption Policy
Perseroan menerapkan Kebijakan Anti-Penyuapan dan The Company implements an Anti-Bribery and Corruption
Korupsi yang berlaku efektif sejak 23 Agustus 2021 dan telah Policy that has been effective since August 23, 2021, and was
melakukan pembaruan pada tanggal 1 Januari 2025 sebagai updated on January 1, 2025, as a commitment to maintaining
komitmen untuk menjaga integritas serta memperkuat integrity and strengthening stakeholders’ trust. This policy
kepercayaan pemangku kepentingan. Kebijakan ini mengikat binds all Company personnel and business partners, with strict
seluruh insan Perseroan maupun mitra bisnis dengan ketentuan provisions prohibiting practices of gratuities, bribery, or any
tegas yang melarang praktik gratifikasi, suap, atau bentuk other form of unlawful benefit. Beyond serving as a set of
keuntungan tidak sah lainnya. Lebih dari sekadar aturan, rules, the policy serves as a guideline for addressing situations
kebijakan ini berfungsi sebagai pedoman dalam menghadapi that may potentially lead to ethical violations.
situasi yang berpotensi menimbulkan pelanggaran etika.
Konsistensi penerapan kebijakan dijaga melalui penyediaan Consistency in applying the policy is maintained through
sarana pelaporan MSIG SpeakUp, kewajiban pelatihan the provision of MSIG SpeakUp reporting channel, mandatory
anti-penyuapan, serta penandatanganan pernyataan anti-bribery training, and periodic signing of compliance
kepatuhan secara berkala. Dengan demikian, Perseroan statement. Through these measures, the Company affirms its
menegaskan upaya berkelanjutan untuk membangun budaya ongoing efforts to build a clean and transparent work culture,
kerja yang bersih, transparan, dan selaras dengan prinsip tata aligned with the good corporate governance principles.
kelola perusahaan yang baik.
2025 Annual Report 245 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Kebijakan Anti-Fraud Anti-Fraud Policy
Kebijakan Anti-Fraud Perseroan telah ditetapkan sejak The Company’s Anti-Fraud Policy was initially established on
29 Mei 2020 dalam rangka penyesuaian perkembangan bisnis. May 29, 2020, in response to business developments.
Perseroan juga telah melakukan pembaruan kebijakan melalui The policy was subsequently updated through the Board of
Surat Keputusan Direksi No. 006/MSL-SK/I/2025 tanggal Directors’ Decision No. 006/MSL-SK/I/2025 dated January 24,
24 Januari 2025 sebagai acuan bagi seluruh insan Perseroan 2025, serving as a guideline for all Company personnel and
dan mitra usaha dalam menjaga integritas. Kebijakan ini business partners in upholding integrity. This policy covers,
mencakup penyalahgunaan laporan keuangan, penyimpangan among others, financial statement misrepresentation, asset
aset, korupsi, kolusi, penyuapan, penerimaan tidak sah, misappropriation, corruption, collusion, bribery, unlawful
hingga pembocoran informasi. Selain itu, dokumen tersebut receipt of benefits, and information leakage. In addition,
berfungsi sebagai pedoman untuk mencegah, mendeteksi, the document functions as guidance for the prevention,
dan menindak kecurangan secara tegas demi menegakkan detection, and firm handling of fraud to uphold transparent
tata kelola perusahaan yang transparan dan berkelanjutan. and sustainable corporate governance.
Pelatihan/Sosialisasi Anti-Penyuapan, Anti-Bribery, Corruption, and Anti-Fraud
Korupsi, dan Anti-Fraud kepada Karyawan Training/Dissemination to Employees and
dan Manajemen Management
Perseroan secara berkesinambungan menyelenggarakan The Company continuously conducts Anti-Bribery, Corruption,
program pelatihan dan sosialisasi Anti-Penyuapan, Korupsi, and Anti-Fraud training and dissemination programs for all
dan Anti-Fraud bagi seluruh karyawan serta jajaran employees and members of management. These activities aim
manajemen. Kegiatan ini bertujuan memperkuat pemahaman, to strengthen understanding, foster awareness, and ensure
menumbuhkan kesadaran, dan memastikan kepatuhan compliance with integrity principles in all business activities.
terhadap prinsip integritas dalam setiap aktivitas bisnis. Throughout 2025, various orientation agendas weredesigned
Sepanjang tahun 2025, berbagai agenda pembekalan telah with the following details:
dirancang dengan rincian sebagai berikut:
1. Mengadakan pelatihan wajib tentang anti-penyuapan, 1. Conducting mandatory training on anti-bribery,
korupsi, dan anti-fraud bagi seluruh karyawan, baik anti-corruption, and anti-fraud for all employees, both
karyawan tetap ataupun non-tetap, dan tenaga permanent and non-permanent, as well as marketing
pemasar disertai penerapan sanksi bagi pihak yang tidak personnel, including the imposition of sanctions for those
menyelesaikan pelatihan; who fail to complete the training;
2. Mengomunikasikan penerapan kebijakan anti-penyuapan, 2. Communicating the implementation of anti-bribery,
korupsi, dan anti-fraud melalui saluran komunikasi internal; anti-corruption, and anti-fraud policies through internal
dan communication channels; and
3. Mengadakan kuis anti-fraud untuk menilai pemahaman 3. Organizing anti-fraud quizzes to assess employees’
karyawan atas kebijakan dan penerapan anti-fraud di understanding of the anti-fraud policy and its
lingkungan Perseroan. implementation within the Company.
Jumlah Pengaduan yang Diterima dan Number of Complaints Received and
Diproses Processed
Pada tahun 2025, tidak terdapat pengaduan yang diterima dan In 2025, the Company did not receive or process any
diproses oleh Perseroan. complaints.
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Tata Kelola Perusahaan
Good Corporate Governance
Kebijakan Perlakuan Adil terhadap Pemegang Saham
dan Insider Trading
Fair Treatment to Shareholders and Insider Trading Policy
Perseroan telah menetapkan kebijakan tertulis mengenai he Company has established a written policy on conflicts
konflik kepentingan dan keterlibatan eksternal sejak 2021 of interest and external involvement since 2021 as a basis
sebagai dasar dalam menjamin perlakuan adil bagi seluruh for ensuring fair treatment for all Shareholders. Through
Pemegang Saham. Melalui prinsip keterbukaan informasi yang the principle of information disclosure managed by
dikelola Sekretaris Perusahaan, seluruh Pemegang Saham, baik the Corporate Secretary, all Shareholders, both majority
mayoritas maupun minoritas, memperoleh akses yang setara and minority, are provided with equal access to information,
sehingga potensi asimetris informasi dapat diminimalkan. thereby minimizing the potential for information asymmetry.
Selaras dengan komitmen tersebut, Perseroan juga menegakkan In line with this commitment, the Company also enforces
larangan praktik insider trading sesuai dengan aturan tertulis a prohibition on insider trading in accordance with
Perseroan yang berlaku sejak tahun 2020. Kebijakan ini diperkuat the Company’s written regulations that have been in effect
dengan ketentuan mengenai perlindungan kerahasiaan data since 2020. This policy is further strengthened by provisions
dan informasi perusahaan, sehingga setiap bentuk pengelolaan on the protection of the confidentiality of Company data and
informasi dilakukan secara hati-hati, transparan, dan sejalan information, ensuring that all information management is
dengan prinsip tata kelola perusahaan yang baik. conducted prudently, transparently, and in accordance with
the good corporate governance principles.
Kebijakan Benturan Kepentingan
Conflict of Interest Policies
Kebijakan yang mengatur mengenai potensi benturan The policy governing potential conflicts of interest within
kepentingan di lingkungan Perseroan telah berlaku sejak the Company has been in effect since 2021. This guideline is
2021. Pedoman tersebut disusun sebagai rambu bagi seluruh designed to serve as a reference for all corporate organs and
organ dan insan Perseroan dalam menjaga objektivitas serta Company personnel in maintaining objectivity and avoiding
menghindari pengambilan keputusan yang dipengaruhi decision-making influenced by personal interests. Through
kepentingan pribadi. Melalui kebijakan ini, setiap potensi this policy, any potential conflict of interest is required to
benturan diwajibkan untuk diungkapkan secara terbuka be disclosed transparently and managed appropriately,
dan dikelola secara tepat, sehingga seluruh tindakan tetap thereby ensuring that all actions are based on integrity,
berlandaskan integritas, profesionalisme, serta kepatuhan professionalism, and compliance with applicable regulations.
terhadap ketentuan yang berlaku.
2025 Annual Report 247 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Rencana Strategis Perusahaan
Company’s Strategic Plan
Tahun 2025 menandai puncak pelaksanaan strategi GREAT The year 2025 marked the full implementation of the GREAT
2025 bagi PT MSIG Life Insurance Indonesia Tbk, di mana 2025 strategy of PT MSIG Life Insurance Indonesia Tbk,
Perseroan berada pada fase akselerasi transformasi during which the Company entered an acceleration phase of
tata kelola dan keandalan operasional bisnis, yang akan governance transformation and operational reliability, which
memberikan fundamental kuat untuk pertumbuhan yang is expected to provide a strong foundation for sustainable
berkelanjutan. Pencapaian ini dimaknai sebagai titik awal growth. The achievement is regarded as the starting point
kelanjutan akselerasi yang berlandaskan pada 3 inisiatif utama for continued acceleration based on 3 main initiatives – Scale,
– Scale, Simplify, dan Sustain – untuk mencapai rencana jangka Simplify, and Sustain – toward the next medium-term plan,
menengah berikutnya, yaitu mengarah kepada transformasi aimed at transforming the Company into a more adaptive,
perusahaan menjadi lebih adaptif, tangguh, dan relevan resilient, and market-relevant organization. This direction is
dengan kebutuhan pasar. Hal tersebut difokuskan pada focused on customer-oriented product and service innovation,
inovasi produk dan pelayanan yang berorientasi pada nasabah, enabling the Company to be better prepared to face industry
sehingga Perseroan lebih siap menghadapi dinamika industri, dynamics and to achieve stronger business and financial
guna mencapai performa bisnis dan finansial yang semakin performance.
solid.
Rencana Jangka Pendek dan Menengah Short- and Medium-Term Plans
Target Jangka Pendek Short-Term Targets
Penyusunan rencana jangka pendek dilakukan sebagai langkah The formulation of short-term plans is carried out as
terukur untuk menjaga kesinambungan arah usaha. Informasi a measured step to maintain continuity in the Company’s
mengenai fokus prioritas yang selaras dengan dinamika business direction. Information on priority focus areas
industri asuransi jiwa serta kebutuhan pemangku kepentingan aligned with the dynamics of the life insurance industry and
dalam 1 tahun ke depan, yaitu: stakeholder needs over the next 1-year period is as follow:
1. Peningkatan produktivitas pada seluruh kanal distribusi, 1. Increasing productivity across all distribution channels
sekaligus memastikan pertumbuhan bisnis yang while ensuring sustainable and high-quality business
berkelanjutan dan berkualitas; growth;
2. Perbaikan rasio klaim, khususnya klaim kesehatan 2. Improving the claims ratio, particularly health claims
(dalam hal ini Perseroan memandang positif terhadap (in this regard, the Company views claim growth positively
pertumbuhan klaim, di mana menunjukkan tingkat as it reflects increasing public awareness of the importance
kesadaran masyarakat luas akan pentingnya asuransi of insurance. However, the Company must ensure reliable
terbukti bertumbuh. Akan tetapi, Perseroan perlu risk and operational management to prevent claim levels
memastikan manajemen risiko dan operasional yang from eroding business growth);
andal untuk menjaga angka klaim agar tidak menggerus
pertumbuhan usaha);
3. Melanjutkan pengembangan ekosistem digital perusahaan 3. Continuing the development of the Company’s digital
untuk menjaga kualitas layanan kepada seluruh nasabah, ecosystem to maintain service quality for all customers,
sekaligus menjaga beban operasional Perseroan dan while managing operating expenses and ensuring business
memastikan operasional usaha berjalan di atas dasar nilai operations are conducted based on ESG values for a better
ESG untuk masa depan lingkungan hidup yang lebih baik; environmental future;
4. Penguatan fundamental performa finansial Perseroan 4. Strengthening the Company’s financial performance
sejalan dengan penerapan PSAK 117 yang baru untuk fundamentals in line with the implementation of PSAK
terus menjaga keseluruhan performa usaha, termasuk 117 to maintain overall business performance, including
meningkatkan profitabilitas yang berkelanjutan; improving sustainable profitability;
5. Melanjutkan proses implementasi pemisahan unit syariah 5. Continuing the implementation process of the spin-off of
yang sejalan dengan keputusan manajemen dan peraturan the Sharia unit in accordance with management decisions
dari regulator; and regulatory requirements;
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Tata Kelola Perusahaan
Good Corporate Governance
6. Pengembangan kualitas dan kompetensi SDM sebagai 6. Enhancing the quality and competency of human resources
salah satu fondasi utama untuk mendukung pertumbuhan as one of the key foundations to support sustainable
bisnis yang berkelanjutan; dan business growth; and
7. Menjaga operasional Perseroan tetap berdasarkan kepada 7. Ensuring that Company operations remain grounded in
tata kelola yang baik dan manajemen risiko yang andal. good corporate governance and reliable risk management
practices.
Target Jangka Menengah Medium-Term Targets
Perseroan menargetkan pertumbuhan yang seimbang The Company targets balanced growth between financial
antara kinerja finansial dan penguatan fondasi usaha melalui performance and strengthening of its business foundation
pengembangan produk yang relevan, peningkatan kualitas through the development of relevant products, enhancement
layanan, serta pemanfaatan teknologi digital. Fokus tersebut of service quality, and the utilization of digital technology.
diarahkan untuk: This focus is directed toward:
1. Mengakselerasi pertumbuhan bisnis yang berkelanjutan 1. Accelerating sustainable business growth to strengthen
untuk memperkuat daya saing Perseroan di tengah the Company’s competitiveness amid the dynamic life
dinamika industri asuransi jiwa; insurance industry;
2. Meningkatkan kualitas pertumbuhan bisnis yang 2. Improving the quality of sustainable business growth
berkelanjutan dan berdasarkan pada fundamental bisnis based on strong and sound business fundamentals;
yang baik dan kuat;
3. Memaksimalkan efisiensi dan efektivitas dalam penetapan 3. Maximizing efficiency and effectiveness in determining
langkah-langkah strategis Perseroan di masa depan the Company’s future strategic initiatives, based on
dengan berdasarkan pada data yang akurat dan andal, juga accurate and reliable data, as well as streamlined
proses yang tidak rumit namun tetap dapat menghasilkan processes that continue to produce high-quality outputs;
output yang berkualitas;
4. Pengembangan SDM yang terus menerus untuk membentuk 4. Continuously developing human resources to cultivate
pola pikir adaptif dan berdaya saing tinggi untuk menunjang an adaptive and highly competitive mindset to support
pertumbuhan Perseroan di masa depan; dan the Company’s future growth; and
5. Terus melanjutkan adaptasi ekosistem digital perusahaan 5. Continuing the adaptation of the Company’s digital
dan adaptasi pemanfaatan kecerdasan buatan (AI) ecosystem and the utilization of artificial intelligence (AI)
untuk menjaga kualitas pelayanan kepada nasabah dan to maintain service quality and ensure the Company’s
kemampuan Perseroan untuk terus bersaing di industri. competitiveness within the industry.
Rencana Jangka Panjang Long-Term Plan
Rencana jangka panjang dirancang sebagai peta The long-term plan is designed as a more comprehensive
arah pengembangan yang lebih menyeluruh, dengan development roadmap, with an emphasis on the creation of
menitikberatkan pada penciptaan nilai berkelanjutan bagi sustainable value for all stakeholders. This framework serves
seluruh pemangku kepentingan. Kerangka ini menjadi as a foundation to ensure that the Company remains resilient
landasan agar Perseroan tetap tangguh dan relevan dalam and relevant over the longer term, with the strategic initiatives
jangka waktu yang lebih panjang, dengan rincian strategi outlined as follows:
sebagai berikut:
1. Meningkatkan kapasitas pertumbuhan bisnis untuk 1. Enhancing business growth capacity to increase the
memperbesar pangsa pasar Perseroan di industri asuransi Company’s market share in the life insurance industry;
jiwa;
2. Menjaga pertumbuhan performa finansial, termasuk 2. Maintaining financial performance growth, including
di dalamnya adalah profitabilitas usaha agar tetap sehat, business profitability, to ensure it remains healthy, stable,
stabil, dan berkelanjutan dalam jangka panjang; and sustainable in the long term;
3. Mempertahankan keandalan operasional Perseroan untuk 3. Preserving the Company’s operational reliability to remain
terus adaptif dalam menjaga performa bsinis, sekaligus adaptive in sustaining business performance, while
pelayanan kepada nasabah agar tetap berada pada kondisi ensuring customer service remains optimal and relevant
yang optimal dan relevan dengan kebutuhan pasar yang to dynamic market needs; and
dinamis; dan
4. Strategi transformasi yang aktif dan agile untuk 4. Implementing an active and agile transformation strategy
beradaptasi pada kondisi pasar industri asuransi jiwa yang to adapt to the continuously evolving life insurance
terus menerus berkembang guna menjaga daya saing industry landscape in order to maintain the Company’s
perusahaan. competitiveness.
2025 Annual Report 249 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Transparansi Kondisi Keuangan dan Non-Keuangan
Transparency of Financial and Non-Financial Conditions
Perseroan menerapkan keterbukaan informasi melalui The Company applies information disclosure by preparing
penyusunan dan penyampaian laporan keuangan maupun and submitting both financial and non-financial reports to
non-keuangan kepada Otoritas Jasa Keuangan sesuai the Financial Services Authority in accordance with applicable
ketentuan yang berlaku, sekaligus menyediakan akses publik regulations, while also providing public access to such reports
atas laporan tersebut melalui situs resmi www.msiglife.co.id. through its official website at www.msiglife.co.id.
Penerapan Pedoman Tata Kelola Perusahaan Terbuka
Implementation of Public Company Governance Guidelines
Penerapan GCG di Perseroan dilaksanakan berdasarkan The implementation of GCG in the Company is carried
Pedoman Tata Kelola Perusahaan Terbuka yang diatur dalam out based on the Public Company Governance Guidelines
Surat Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015. stipulated in the Financial Services Authority Circular
Penerapan pedoman tersebut di sepanjang tahun 2025 No. 32/SEOJK.04/2015. The implementation of these
diuraikan sebagai berikut: guidelines throughout 2025 is described as follows:
Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
Aspect 1: Relationship between the Public Company and Shareholders in Guaranteeing Shareholders’ Right
Prinsip 1: Meningkatkan nilai penyelenggaraan RUPS.
Principle 1: Increasing the value of convening GMS.
Rekomendasi 1: Status dan Penerapan:
Recommendation 1: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki cara atau prosedur teknis pengumpulan Perusahaan memiliki prosedur pengumpulan suara (voting) dalam RUPS
suara (voting), baik secara terbuka maupun tertutup yang sebagaimana diatur dalam Anggaran Dasar dan peraturan Perseroan
mengedepankan independensi dan kepentingan Pemegang Saham. lainnya terkait tata tertib rapat yang diinformasikan kepada para
Pemegang Saham di awal pelaksanaan RUPS.
The public company has technical voting methods of procedures, either The Company has a voting procedure for the GMS as stipulated in
open or close, prioritizing independence, and interest of Shareholders. the Articles of Association and other Company regulations regarding
meeting conduct, which are communicated to Shareholders at
the beginning of the GMS.
Rekomendasi 2: Status dan Penerapan:
Recommendation 2: Status and Implementation:
Penjelasan / Explanation
Seluruh anggota Direksi dan anggota Dewan Komisaris perusahaan RUPS Tahunan pada 24 Juni 2025 dihadiri oleh 5 anggota Direksi serta
terbuka hadir dalam RUPS Tahunan. 2 anggota Dewan Pengawas Syariah, baik secara fisik maupun melalui
telekonferensi. Meskipun anggota Dewan Komisaris tidak dapat hadir
dalam rapat tersebut, namun seluruh agenda tetap dapat dibahas dan
diputuskan karena pemenuhan kuorum telah tercapai sesuai ketentuan
Anggaran Dasar dan peraturan yang berlaku.
All members of the Board of Directors and members of the Board of The Annual GMS held on June 24, 2025, was attended by 5 members
Commissioners of the public company attend the Annual GMS. of the Board of Directors and 2 members of the Sharia Supervisory
Board, either physically or via teleconference. Although members of
the Board of Commissioners were unable to attend the meeting, all
agenda items were nevertheless discussed and resolved, as the quorum
was met in accordance with the provisions of the Articles of Association
and applicable regulations.
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Tata Kelola Perusahaan
Good Corporate Governance
Rekomendasi 3: Status dan Penerapan:
Recommendation 3: Status and Implementation:
Terpenuhi / Complied
Ringkasan risalah RUPS tersedia dalam situs web perusahaan terbuka Ringkasan risalah RUPS tahun 2025 telah dimuat dalam situs web
paling sedikit selama 1 tahun. Perseroan dan tersedia juga ringkasan risalah RUPS dari tahun 2019.
A summary of the GMS minutes is available on the public Company’s A summary of the 2025 GMS minutes has been posted on the Company's
website for at least 1 year. website, and a summary of the 2019 GMS minutes is also available.
Prinsip 2: Meningkatkan kualitas komunikasi perusahaan terbuka dengan Pemegang Saham atau investor.
Principle 2: Increasing the communication quality between the public company and Shareholders or investors.
Rekomendasi 4: Status dan Penerapan:
Recommendation 4: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki suatu kebijakan komunikasi dengan Perseroan telah memiliki kebijakan komunikasi dengan Pemegang Saham
Pemegang Saham atau investor. atau Investor. Komunikasi tersebut dilakukan melalui pelaksanaan RUPS
dan paparan publik serta penyediaan informasi yang akurat melalui situs
web, Laporan Tahunan, media sosial, dan narahubung Perseroan.
The public company has communication policy with the Shareholders The Company has established a policy related to communication with its
or investors. Shareholders or Investors. This communication is conducted through the
GMS and public expose, as well as the provision of accurate information
through the Company's website, Annual Report, social media, and
through contact person.
Rekomendasi 5: Status dan Penerapan:
Recommendation 5: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka mengungkapkan kebijakan komunikasi perusahaan Kebijakan komunikasi Perusahaan dengan Pemegang Saham atau
terbuka dengan Pemegang Saham atau investor dalam situs web. investor telah diungkapkan dalam situs web Perseroan.
The public company discloses its policy on communication with The Company's communication policy with shareholders and investors is
Shareholders or investors on the website. disclosed on the Company's website.
Aspek 2: Fungsi dan Peran Dewan Komisaris
Aspect 2: Functions and Roles of the Board of Commissioners
Prinsip 3: Memperkuat keanggotaan dan komposisi Dewan Komisaris.
Principle 3: Strengthening the Board of Commissioners’ membership and composition.
Rekomendasi 6: Status dan Penerapan:
Recommendation 6: Status and Implementation:
Terpenuhi / Complied
Penentuan jumlah anggota Dewan Komisaris mempertimbangkan Pada tahun 2025, Perseroan memiliki 6 orang anggota Dewan dengan
kondisi perusahaan terbuka. 3 orang di antaranya merupakan Komisaris Independen. Jumlah tersebut
telah disesuaikan dengan kebutuhan dan kondisi Perseroan.
The determination of number of Board of Commissioners’ members In 2025, the Company had 6 members of the Board of Commissioners,
considers the public company’s condition. 3 of whom were Independent Commissioners. This composition has
been aligned with the Company’s needs and conditions.
Rekomendasi 7: Status dan Penerapan:
Recommendation 7: Status and Implementation:
Terpenuhi / Complied
Penentuan komposisi anggota Dewan Komisaris memperhatikan Anggota Dewan Komisaris yang menjabat saat ini memiliki keahlian,
keberagaman keahlian, pengetahuan, dan pengalaman yang pengetahuan, dan pengalaman yang dibutuhkan Perseroan.
dibutuhkan.
The determination of Board of Commissioners’ composition considers The Board of Commissioners’ current members possess the expertise,
the range of expertise, knowledge, and experience required. knowledge, and experience required by the Company.
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Tata Kelola Perusahaan
Good Corporate Governance
Prinsip 4: Meningkatkan kualitas pelaksanaan tugas dan tanggung jawab Dewan Komisaris.
Principle 4: Increasing the quality of implementation of Board of Commissioners’ duties and responsibilities.
Rekomendasi 8: Status dan Penerapan:
Recommendation 8: Status and Implementation:
Terpenuhi / Complied
Dewan Komisaris mempunyai kebijakan penilaian sendiri Perseroan telah memiliki kebijakan penilaian kinerja Dewan Komisaris
(self-assessment) untuk menilai kinerja Dewan Komisaris. yang dilakukan menggunakan metode self-assessment dan dilaksanakan
secara konsisten setiap tahun dan telah diungkapkan dalam pembahasan
Tata Kelola Perusahaan ini.
The Board of Commissioners has self-assessment policy to assess The Company has a policy for assessing the Board of Commissioners’
the Board of Commissioners’ performance. performance, which uses a self-assessment method and is carried out
consistently every year. This is disclosed in this Corporate Governance
discussion.
Rekomendasi 9: Status dan Penerapan:
Recommendation 9: Status and Implementation:
Terpenuhi / Complied
Kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja Pelaksanaan penilaian kinerja Dewan Komisaris telah diungkapkan
Dewan Komisaris, diungkapkan melalui Laporan Tahunan perusahaan dalam pembahasan Tata Kelola Perusahaan ini.
terbuka.
The self-assessment policy to assess the Board of Commissioners’ The implementation of the Board of Commissioners' performance
performance is disclosed in the public company’s Annual Report. assessment is disclosed in this Corporate Governance discussion.
Rekomendasi 10: Status dan Penerapan:
Recommendation 10: Status and Implementation:
Terpenuhi / Complied
Dewan Komisaris mempunyai kebijakan terkait pengunduran diri Kebijakan pengunduran diri Dewan Komisaris apabila terlibat dalam
anggota Dewan Komisaris apabila terlibat dalam kejahatan keuangan. kejahatan keuangan telah diatur dalam Pedoman Kerja Dewan Komisaris.
The Board of Commissioners has policy related to resignation of The resignation policy for Board of Commissioners’ members involved
the Board of Commissioners’ members if involved in financial crime. in financial crimes is regulated in the Board of Commissioners' Charter.
Rekomendasi 11: Status dan Penerapan:
Recommendation 11: Status and Implementation:
Terpenuhi / Complied
Dewan Komisaris atau Komite yang menjalankan Fungsi Nominasi Komite Remunerasi dan Nominasi telah memiliki kebijakan suksesi dalam
dan Remunerasi menyusun kebijakan suksesi dalam proses nominasi proses nominasi anggota Direksi.
anggota Direksi.
The Board of Commissioners or Committee performing nomination The Remuneration and Nomination Committee has a succession policy
and remuneration functions prepares the succession policy for for nominating Board of Directors’ members.
the nomination process of the Board of Directors’ members.
Aspek 3: Fungsi dan Peran Direksi
Aspect 3: Functions and Roles of the Board of Directors
Prinsip 5: Memperkuat keanggotaan dan komposisi Direksi.
Principle 5: Strengthening the Board of Directors’ membership and composition.
Rekomendasi 12: Status dan Penerapan:
Recommendation 12: Status and Implementation:
Terpenuhi / Complied
Penentuan jumlah anggota Direksi mempertimbangkan kondisi Pada tahun 2025, Perseroan memiliki 6 orang anggota Direksi, yang
perusahaan terbuka, serta efektivitas dalam pengambilan keputusan. mana jumlah tersebut telah disesuaikan dengan kebutuhan dan kondisi
Perseroan saat ini.
The determination of number of Board of Directors’ members considers In 2025, the Company had 6 members of the Board of Directors,
the public company’s condition and effectiveness in decision-making. a number that has been aligned with the Company’s current needs and
conditions.
Rekomendasi 13: Status dan Penerapan:
Recommendation 13: Status and Implementation:
Terpenuhi / Complied
Penentuan komposisi anggota Direksi memperhatikan keberagaman Anggota Direksi yang menjabat saat ini memiliki keahlian, pengetahuan,
keahlian, pengetahuan, dan pengalaman yang dibutuhkan. dan pengalaman yang dibutuhkan Perseroan.
The determination of Board of Directors’ composition considers The Board of Directors’ current members possess the expertise,
the range of expertise, knowledge, and experience required. knowledge, and experience required by the Company.
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Tata Kelola Perusahaan
Good Corporate Governance
Rekomendasi 14: Status dan Penerapan:
Recommendation 14: Status and Implementation:
Terpenuhi / Complied
Anggota Direksi yang membawahi bidang akuntansi atau keuangan Anggota Direksi yang bertanggung jawab terhadap akuntansi dan
memiliki keahlian dan/atau pengetahuan di bidang akuntansi. keuangan telah memiliki pengetahuan dan pengalaman di bidang
tersebut.
The Board of Directors’ member in charge of accounting or finance has The Board of Directors’ Members responsible for accounting and finance
the expertise and/or knowledge in accounting. have knowledge and experience in these areas.
Prinsip 6: Meningkatkan kualitas pelaksanaan tugas dan tanggung jawab Direksi.
Principle 6: Increasing the quality of implementation of Board of Directors’ duties and responsibilities.
Rekomendasi 15: Status dan Penerapan:
Recommendation 15: Status and Implementation:
Terpenuhi / Complied
Direksi mempunyai kebijakan penilaian sendiri (self-assessment) untuk Perseroan telah memiliki kebijakan penilaian kinerja Direksi yang
menilai kinerja Direksi. dilakukan menggunakan metode self-assessment dan dilaksanakan
secara konsisten setiap tahun dan telah diungkapkan dalam pembahasan
Tata Kelola Perusahaan ini.
The Board of Directors has self-assessment policy to assess the Board The Company has a policy for assessing the Board of Directors’
of Directors’ performance. performance, which uses a self-assessment method, is implemented
consistently every year, and is disclosed in this Corporate Governance
discussion.
Rekomendasi 16: Status dan Penerapan:
Recommendation 16: Status and Implementation:
Terpenuhi / Complied
Kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja Pelaksanaan penilaian kinerja Direksi telah diungkapkan dalam
Direksi diungkapkan melalui Laporan Tahunan perusahaan terbuka. pembahasan Tata Kelola Perusahaan ini.
The self-assessment policy to assess the Board of Directors’ The implementation of the Board of Directors' performance assessment
performance is disclosed in the public company’s Annual Report. is disclosed in this Corporate Governance discussion.
Rekomendasi 17: Status dan Penerapan:
Recommendation 17: Status and Implementation:
Terpenuhi / Complied
Direksi mempunyai kebijakan terkait pengunduran diri anggota Direksi Kebijakan pengunduran diri Direksi apabila terlibat dalam kejahatan
apabila terlibat dalam kejahatan keuangan. keuangan sebagaimana diatur dalam Pedoman Kerja Direksi.
The Board of Directors has policy related to resignation of the Board of The resignation policy for Board of Directors’ members involved in
Directors’ members if involved in financial crime. financial crimes is stipulated in the Board of Directors' Charter.
Aspek 4: Partisipasi Pemangku Kepentingan
Aspect 4: Stakeholders Participation
Prinsip 7: Meningkatkan aspek tata kelola perusahaan melalui partisipasi pemangku kepentingan.
Principle 7: Increasing the corporate governance aspect through stakeholders’ participation.
Rekomendasi 18: Status dan Penerapan:
Recommendation 18: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki kebijakan untuk mencegah terjadinya Perseroan memiliki kebijakan untuk mencegah terjadinya insider
insider trading. trading yang diatur dalam kebijakan kebijakan konflik kepentingan
dan keterlibatan pihak eksternal yang berlaku sejak tahun 2021 serta
kebijakan transaksi orang dalam yang berlaku sejak tahun 2020.
The public company has a policy to prevent the occurrence of insider The Company has a policy to prevent insider trading, as stipulated in
trading. the conflict of interest and external party involvement policy, effective
since 2021, and the insider transaction policy, effective since 2020.
Rekomendasi 19: Status dan Penerapan:
Recommendation 19: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki kebijakan anti-korupsi dan anti-fraud. Perseroan telah memiliki kebijakan anti-penyuapan dan korupsi serta
strategi anti-fraud yang berlaku sejak tahun 2025.
The public company has anti-corruption and anti-fraud policy. The Company has had an anti-bribery and corruption policy and
an anti-fraud strategy in place since 2025.
2025 Annual Report 253 PT MSIG Life Insurance Indonesia Tbk
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Tata Kelola Perusahaan
Good Corporate Governance
Rekomendasi 20: Status dan Penerapan:
Recommendation 20: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki kebijakan tentang seleksi dan peningkatan Perseroan memiliki kebijakan tentang seleksi dan peningkatan
kemampuan pemasok atau vendor. kemampuan pemasok atau vendor yang diatur dalam Kode Etik.
The public company has a policy on selection and improvement of The Company has a policy on supplier or vendor selection and capacity
supplier’s or vendor’s capabilities. building, as outlined in the Code of Conduct.
Rekomendasi 21: Status dan Penerapan:
Recommendation 21: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki kebijakan tentang pemenuhan hak-hak Perseroan memiliki kebijakan terkait pemenuhan hak-hak Pemegang
kreditur. Polis dan/atau Tertanggung yang diatur dalam Kode Etik.
The public company has a policy on the fulfillment of creditor’s right. The Company has a policy on fulfillment of the rights of Policyholders
and/or Insured Persons, as outlined in the Code of Conduct.
Rekomendasi 22: Status dan Penerapan:
Recommendation 22: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki kebijakan sistem whistleblowing. Perseroan telah memiliki kebijakan WBS sebagaimana diuraikan di
pembahasan Tata Kelola Perusahaan ini.
The public company has a policy on whistleblowing system. The Company has a WBS policy, as outlined in this Corporate Governance
discussion.
Rekomendasi 23: Status dan Penerapan:
Recommendation 23: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memiliki kebijakan pemberian insentif jangka Perseroan memiliki kebijakan pemberian insentif jangka panjang kepada
panjang kepada Direksi dan karyawan. Direksi dan karyawan berupa pemberian kepemilikan saham perusahaan
kepada karyawan dan/atau manajemen sebagaimana diuraikan di
pembahasan Tata Kelola Perusahaan ini.
The public company has a policy on provision of long-term incentive for The Company has a policy of providing long-term incentives to Board
the Board of Directors and employees. of Directors and employees in the form of granting Company share
ownership to employees and/or management, as outlined in this
Corporate Governance discussion.
Aspek 5: Keterbukaan Informasi
Aspect 5: Information Disclosure
Prinsip 8: Meningkatkan pelaksanaan keterbukaan informasi.
Principle 8: Increasing the implementation of information disclosure.
Rekomendasi 24: Status dan Penerapan:
Recommendation 24: Status and Implementation:
Terpenuhi / Complied
Perusahaan terbuka memanfaatkan penggunaan teknologi informasi Informasi mengenai Perseroan dapat diakses melalui berbagai media
secara lebih luas selain situs web sebagai media keterbukaan informasi. sosial, seperti YouTube, Instagram, LinkedIn, dan Facebook.
The public company utilizes information technology more broadly, in Information regarding the Company is accessible through various social
addition to the website, as a media for information disclosure. media platforms, including YouTube, Instagram, LinkedIn, and Facebook.
Rekomendasi 25: Status dan Penerapan:
Recommendation 25: Status and Implementation:
Terpenuhi / Complied
Laporan Tahunan perusahaan terbuka mengungkapkan pemilik manfaat Informasi terkait pemilik manfaat terakhir Perseroan diungkapkan pada
akhir dalam kepemilikan saham perusahaan terbuka paling sedikit 5%, bagian Struktur Pemegang Saham Utama dan Pengendali bab Profil
selain pengungkapan pemilik manfaat akhir dalam kepemilikan saham Perusahaan dalam Laporan Tahunan ini.
perusahaan terbuka melalui Pemegang Saham Utama dan Pengendali.
The public company’s Annual Report discloses the ultimate beneficial Information related to the Company’s ultimate beneficial owner is
owner of the public company’s share ownership of at least 5%, disclosed in the Major and Controlling Shareholders Structure section
in addition to the disclosure of the ultimate beneficial owner in under the Company Profile chapter of this Annual Report.
the share ownership of public company through the Major and
Controlling Shareholders.
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Tata Kelola Perusahaan
Good Corporate Governance
Transparansi Praktik Bad Governance
Transparency of Bad Governance Practices
Sebagai bagian dari penerapan prinsip keterbukaan dan As part of the implementation of transparency principle
kepatuhan terhadap regulasi, Perseroan melakukan evaluasi and regulatory compliance, the Company evaluates
atas potensi penyimpangan maupun ketidakpatuhan potential irregularities or non-compliance in preparing
dalam penyusunan Laporan Tahunan. Berdasarkan hasil the Annual Report. Based on the results of review held during
penelaahan selama periode pelaporan, tidak ditemukan kasus, the reporting period, no cases, discrepancies, or conditions
ketidaksesuaian, maupun kondisi yang menunjukkan adanya indicating any violations of applicable laws and regulations
pelanggaran terhadap ketentuan peraturan yang berlaku. were identified. The details of the evaluation results are
Rincian hasil evaluasi disajikan pada tabel berikut: presented in the following table:
Uraian Praktik
Description Practice
Laporan atas Kegiatan Perseroan yang mencemari lingkungan Nihil
Report on the Company’s activities that cause environmental pollution None
Ketidakpatuhan dalam pemenuhan kewajiban perpajakan Nihil
Non-compliance with tax obligations None
Ketidaksesuaian antara penyajian laporan tahunan dan laporan keuangan dengan peraturan yang berlaku dan standar
akuntansi keuangan (SAK) Nihil
Non-compliance between the presentation of the Annual Report and financial statements with applicable regulations and None
financial accounting standards (SAK)
Tidak menyampaikan kasus/perkara hukum terkait buruh dan karyawan Nihil
Failure to disclose legal cases/disputes related to labor and employees None
Tidak mengungkapkan tinjauan segmen operasi Nihil
Failure to disclose a review of operational segments None
Ketidaksesuaian berkas Laporan Tahunan Nihil
Non-compliance with the Annual Report documentation None
2025 Annual Report 255 PT MSIG Life Insurance Indonesia Tbk
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LAPORAN
KEBERLANJUTAN
Sustainability Report
PT MSIG Life Insurance Indonesia Tbk 256 Laporan Tahunan 2025
Page 259
2025 Annual Report 257 PT MSIG Life Insurance Indonesia Tbk
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Laporan Keberlanjutan
Sustainability Report
Strategi Keberlanjutan
Sustainability Strategy
Perseroan menempatkan keberlanjutan sebagai bagian The Company places sustainability as an integral part of its
penting dari strategi bisnis jangka panjang. Pendekatan long‑term business strategy. This sustainability approach
keberlanjutan ini dirancang untuk memastikan bahwa is designed to ensure that business growth is aligned
pertumbuhan usaha berjalan sejalan dengan tanggung jawab with environmental responsibility, social welfare, and
terhadap lingkungan, kesejahteraan sosial, serta penerapan the application of strong and ethical governance. These
tata kelola yang kuat dan berintegritas. Seluruh aspek tersebut aspects form the foundation for the Company in creating
menjadi fondasi bagi Perseroan dalam menciptakan nilai long‑term value for customers, employees, regulators,
jangka panjang bagi nasabah, karyawan, regulator, Pemegang Shareholders, and the wider community.
Saham, dan masyarakat luas.
Pendekatan Keberlanjutan dan Pilar Sustainability Approach and
Lingkungan, Sosial, dan Tata Kelola Environmental, Social, and Governance
Perusahaan Pillars
Dalam menerapkan keberlanjutan, Perseroan mengacu In implementing sustainability, the Company refers to 3 key
pada 3 pilar utama, yaitu lingkungan, sosial, dan tata kelola pillars, namely environmental, social, and governance (ESG).
perusahaan (LST). Ketiga pilar ini menjadi landasan bagi These pillars serve as the basis for decision‑making, program
pengambilan keputusan, pelaksanaan program, serta execution, and strengthening responsible business processes
penguatan proses bisnis yang bertanggung jawab.
Environment Social Governance
Perseroan berkomitmen meminimalkan jejak The Company is committed to minimizing
lingkungan dari kegiatan operasional. Upaya ini the environmental footprint of its operations. This
dilakukan melalui: commitment is realized through:
1. Mengoptimalisasi efisiensi energi dan air di 1. Optimizing energy and water efficiency in
kantor operasional; operational offices;
2. Mengurangi emisi karbon melalui kebijakan 2. Reducing carbon emissions through digital
digital seperti e-policy, digitalisasi dokumen, policies such as e‑policies, document
dan mengurangi penggunaan kertas; digitalization, and reduced paper usage;
3. Menerapkan proses kerja yang lebih ramah 3. Implementing more environmentally friendly
lingkungan, termasuk edukasi internal work processes, including internal education
mengenai perilaku hemat energi dan on energy‑saving behavior and resource
pengelolaan sumber daya; dan management; and
Lingkungan 4. Menerapkan standar bangunan hijau di kantor 4. Applying green building standards at the head
Environment pusat yang berhasil memperoleh Peringkat
. office, which successfully achieved a Gold
Emas Sertifikasi Green Building dari GBCI. Rating Green Building Certification from GBCI.
PT MSIG Life Insurance Indonesia Tbk 258 Laporan Keberlanjutan 2025
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Laporan Keberlanjutan
Sustainability Report
Pada pilar sosial, Perseroan memfokuskan In the social pillar, the Company focuses its
komitmen pada penguatan ketahanan dan commitment on strengthening the resilience and
kesejahteraan keluarga Indonesia agar lebih well-being of Indonesian families, thereby becoming
optimis, berdaya, dan tangguh dalam menghadapi more optimistic, empowered, and resilient in facing
berbagai tantangan kehidupan. Implementasi various life challenges. The implementation of this
komitmen tersebut diwujudkan melalui: commitment is realized through:
1. Program PELITA 1. PELITA Program
Pemberdayaan keluarga prasejahtera Empowering underprivileged families
melalui dukungan pendidikan dan gizi anak, through support for children’s education
pengembangan keterampilan, serta penguatan and nutrition, skills development, and
kapasitas pengasuhan dan pengelolaan strengthening parenting capacity and family
Sosial keuangan keluarga, bekerja sama dengan financial management, in collaboration with
Indonesia Street Children Organisation (ISCO) the Indonesia Street Children Organisation
Social Foundation. (ISCO) Foundation.
2. Literasi Keuangan 2. Financial Literacy
Penguatan peran perempuan sebagai pengelola Strengthening the role of women as household
keuangan keluarga serta pembentukan financial managers and fostering healthy
kebiasaan finansial yang sehat bagi anak sejak financial habits in children from an early age.
usia dini.
3. Tanggap Darurat 3. Emergency Response
Dukungan bagi keluarga dan anak terdampak Providing support to families and children
bencana di Sumatera Utara melalui pemenuhan affected by disasters in North Sumatra by
kebutuhan dasar dan keberlanjutan akses providing basic needs and ensuring continued
pendidikan. access to education.
4. Keterlibatan Karyawan 4. Employee Engagement
Peningkatan budaya berbagi melalui partisipasi Promoting a culture of sharing through active
aktif karyawan dalam kegiatan sosial dan aksi employee participation in social initiatives and
kepedulian terhadap masyarakat. community care programs.
Pada pilar tata kelola, Perseroan menunjukkan In the governance pillar, the Company demonstrates
komitmen berkelanjutan dalam menjaga integritas, its ongoing commitment to maintaining integrity,
transparansi, dan kepatuhan terhadap seluruh transparency, and compliance with all applicable
ketentuan peraturan perundang-undangan yang laws and regulations. This commitment is
berlaku. Komitmen tersebut tercermin melalui reflected in achieving the Corporate Governance
perolehan sertifikasi Corporate Governance Perception Index (CGPI) certification in the Trusted
Perception Index (CGPI) dalam kategori Trusted Company category, which serves as an indicator of
Company, yang menjadi indikator atas kualitas the quality of GCG implementation. Governance
penerapan GCG. Penguatan tata kelola dilakukan strengthening is carried out consistently through:
secara konsisten melalui:
1. Penerapan GCG yang disiplin dan terukur, 1. Disciplined and measurable implementation
disertai peningkatan efektivitas sistem of GCG, accompanied by enhancements to the
pengendalian internal untuk memastikan effectiveness of the internal control system to
Tata Kelola mitigasi risiko berjalan optimal; ensure optimal risk mitigation;
2. Penyempurnaan proses bisnis agar semakin 2. Improving business process to enhance
Governance efisien, transparan, dan akuntabel, sehingga efficiency, transparency, and accountability,
mendukung pengambilan keputusan yang thereby supporting decision-making based on
berbasis prinsip kehati-hatian; the principles of prudence;
3. Penguatan budaya kepatuhan melalui 3. Strengthening compliance culture by
implementasi mekanisme Whistleblower implementing Whistleblower System and
System dan Market of Conduct sebagai Market of Conduct as mechanisms for
sarana pengendalian perilaku dan pelaporan behavioral control and violation reporting;
pelanggaran;
4. Pelaksanaan Compliance & Risk Culture Survey 4. Conducting a Compliance & Risk Culture Survey
kepada seluruh karyawan guna memantau for all employees to monitor and evaluate
dan mengevaluasi tingkat kesadaran serta awareness levels and the internalization of
internalisasi nilai kepatuhan di lingkungan compliance values in the workplace; and
kerja; dan
5. Penyelenggaraan pelatihan secara berkala 5. Organizing regular training programs related
terkait kepatuhan, manajemen risiko, dan to compliance, risk management, and corporate
tata kelola perusahaan untuk memastikan governance to ensure employee competency
kompetensi dan pemahaman karyawan tetap and understanding remain strong and relevant
terjaga dan relevan dengan dinamika regulasi. to regulatory dynamics.
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Road Map “Expand to Grow 2025” dan “Expand to Grow 2025” Road Map and
Tahapan Implementasi Rencana Aksi Stages of Sustainable Finance Action Plan
Keuangan Berkelanjutan Implementation
Perseroan telah menyusun strategi keberlanjutan jangka The Company has developed a long‑term sustainability
panjang yang mengacu pada road map “Expand to Grow strategy that refers to the “Expand to Grow 2025” road map
2025” serta Rencana Aksi Keuangan Berkelanjutan (RAKB). and the Sustainable Finance Action Plan (RAKB). This road
Road map ini dilaksanakan dalam 4 tahap yang saling map is implemented in 4 complementary stages to ensure
melengkapi untuk memastikan integrasi penuh aspek the full integration of sustainability aspects across all business
keberlanjutan dalam seluruh proses bisnis. processes.
Tahap Persiapan
2020
Preparation Stage
Pada tahap awal, Perseroan membangun fondasi In the initial stage, the Company established a strategic
strategis melalui pemetaan kebutuhan, kapabilitas foundation by mapping needs, internal capabilities,
internal, dan kesiapan organisasi. Tahap ini juga and organizational readiness. This stage also included
mencakup upaya pengurangan jejak karbon melalui efforts to reduce the carbon footprint by optimizing
optimalisasi efisiensi energi dan digitalisasi proses energy efficiency and digitizing processes to minimize
guna mengurangi konsumsi kertas. paper consumption.
Tahap Implementasi Awal
2021–2022
Initial Implementation Stage
Pada fase ini, Perseroan memperluas inisiatif sosial In the initial stage, the Company established a strategic
melalui program literasi keuangan dan perlindungan foundation by mapping needs, internal capabilities,
bagi masyarakat luas, termasuk pengembangan and organizational readiness. This stage also included
produk asuransi mikro bagi kelompok berpenghasilan efforts to reduce the carbon footprint by optimizing
rendah. Upaya ini menjadi bagian penting dari strategi energy efficiency and digitizing processes to minimize
Perseroan untuk menciptakan dampak jangka panjang paper consumption.
bagi masyarakat.
Tahap Implementasi Lanjutan
2023–2024
Advanced Implementation Stage
Fokus tahap ini adalah memperkuat tata kelola The focus of this stage was to strengthen sustainability
keberlanjutan melalui penerapan praktik GCG yang governance through the implementation of more
lebih disiplin dan terukur. Evaluasi kinerja organ disciplined and measurable GCG practices. Performance
tata kelola, seperti Dewan Komisaris dan Direksi, evaluations of governance bodies, such as the Board of
dilakukan secara berkala untuk memastikan efektivitas Commissioners and Board of Directors, were conducted
pengawasan. Pada periode ini, Perseroan juga regularly to ensure effective supervision. During this
terus meningkatkan efektivitas manajemen risiko, period, the Company also continued to enhance risk
kepatuhan, serta efisiensi proses operasional. management, compliance, and operational efficiency.
Tahap Implementasi Penuh
2025
Full Implementation Stage
Pada tahap terakhir, seluruh aspek keberlanjutan yaitu In the final stage, all sustainability aspects, such as
lingkungan, sosial, dan tata kelola yang diharapkan environmental, social, and governance, were expected
terintegrasi sepenuhnya dalam kegiatan operasional to be fully integrated into the Company’s operations.
Perseroan. Implementasi penuh road map “Expand to The full implementation of the “Expand to Grow 2025”
Grow 2025” bertujuan mencapai pertumbuhan jangka road map aimed to achieve sustainable long‑term
panjang yang berkelanjutan serta memberikan dampak growth and deliver broader positive impacts for
positif yang lebih luas bagi pemangku kepentingan dan stakeholders and the environment.
lingkungan.
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Penilaian Risiko atas Penerapan Keuangan Risk Assessment on the Implementation
Berkelanjutan of Sustainable Finance
Perseroan menerapkan kerangka manajemen risiko yang The Company implements an integrated risk management
terintegrasi pada seluruh aktivitas usaha, yang sejalan dengan framework across all business activities, in line with the
kebijakan manajemen risiko Perseroan. Kerangka ini mencakup Company’s risk management policy. This framework encompasses
tahapan identifikasi risiko, penilaian dan evaluasi risiko, the stages of risk identification, risk assessment and evaluation,
penanganan risiko, serta pemantauan dan pelaporan risiko. risk mitigation, and risk monitoring and reporting.
Perseroan mempertimbangkan aspek keberlanjutan yang The Company considers sustainability aspects, including
meliputi dimensi ekonomi, lingkungan hidup, dan sosial. Aspek economic, environmental, and social dimensions. The economic
ekonomi antara lain mencakup kontribusi terhadap kinerja aspect includes contributions to financial performance and
keuangan dan keberlanjutan usaha, aspek lingkungan hidup business sustainability, the environmental aspect covers
mencakup pengelolaan dampak operasional dan penggunaan the management of operational impacts and resource
sumber daya, sedangkan aspek sosial mencakup perlindungan utilization, while the social aspect includes consumer
konsumen, literasi keuangan, serta kesejahteraan karyawan. protection, financial literacy, and employee welfare.
Proses penilaian risiko dilakukan secara berkala dengan The risk assessment process is conducted periodically,
mengacu pada indikator internal serta standar yang berlaku. referring to internal indicators and applicable standards.
Penerapan indikator tersebut antara lain mencakup pengukuran The application of these indicators includes, among others,
kinerja investasi berkelanjutan, efisiensi penggunaan energi, measuring sustainable investment performance, energy
pelaksanaan edukasi kepada masyarakat, serta kualitas layanan efficiency, implementing public education initiatives, and
kepada nasabah. customer service quality.
Dalam pelaksanaannya, Direksi berperan dalam mengelola In its implementation, the Board of Directors plays a role
dan memastikan penerapan manajemen risiko berjalan secara in managing and ensuring the effective execution of risk
efektif dalam kegiatan operasional, termasuk yang berkaitan management in operational activities, including those
dengan aspek keberlanjutan. Sementara itu, Dewan Komisaris related to sustainability aspects. Meanwhile, the Board of
melakukan pengawasan serta telaah secara berkala terhadap Commissioners conducts oversight and periodic reviews of the
efektivitas proses manajemen risiko yang dijalankan oleh effectiveness of the Company’s risk management processes.
Perseroan.
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Dukungan terhadap SDGs
Support for SDGs
Selain menerapkan RAKB dan peta jalan “Expand to Grow 2025”, In addition to implementing RAKB and “Expand to Grow
Perseroan turut menjadikan SDGs sebagai acuan global dalam 2025” road map, the Company also adopts SDGs as a global
memperkuat arah kebijakan keberlanjutan. Sinergi antara reference in strengthening the direction of its sustainability
kerangka nasional dan agenda global tersebut menjadi landasan policies. The synergy between national frameworks and
bagi Perseroan dalam menciptakan pertumbuhan yang inklusif, global agendas serves as the foundation for the Company in
tangguh, dan seimbang di seluruh lini usaha. Melalui pendekatan creating inclusive, resilient, and balanced growth across all
yang terukur dan progresif, Perseroan memusatkan fokus business lines. Through a measured and progressive approach,
keberlanjutan pada 3 pilar utama yang memberikan kontribusi the Company focuses its sustainability efforts on 3 main pillars
nyata, baik secara langsung melalui aktivitas operasional that deliver tangible contributions, both directly through
maupun secara tidak langsung melalui berbagai inisiatif yang operational activities and indirectly through various initiatives
berdampak bagi masyarakat dan lingkungan. that benefit society and the environment.
Pertumbuhan Ekonomi Berkelanjutan
Sustainable Economic Growth
Pekerjaan Layak dan Pertumbuhan Ekonomi
Decent Work and Economic Growth
Strategi Keberlanjutan Meningkatkan keunggulan bisnis yang berpengaruh positif terhadap kestabilan kegiatan operasional dan distribusi
Sustainability Strategy nilai manfaat bagi pemangku kepentingan dengan menghasilkan produk dan layanan inovatif.
Improve business excellence that positively affects the stability of operations and the distribution of benefit value
to stakeholders by producing innovative products and services.
Target yang Ingin Dicapai • Meningkatkan pendapatan dan distribusi nilai manfaat bagi pemangku kepentingan.
Targets to Achieve • Memperluas pangsa pasar.
• Increase revenue and distribution of benefit value to stakeholders.
• Expand market share.
Kegiatan yang Dilakukan • Meningkatkan layanan nasabah berbasis digital seperti kemudahan pembayaran premi renewal serta pemantauan
Activities Undertaken pengajuan klaim secara online.
• Melakukan ekspansi bisnis melalui perluasan saluran distribusi dan jangkauan pasar dengan melakukan
pembukaan Agensi Kantor Mandiri di seluruh Indonesia.
• Merealisasikan kegiatan webinar literasi finansial untuk lini usaha asuransi jiwa maupun lini usaha dana pensiun
Lembaga Keuangan (DPLK) serta mengembangkan aplikasi bagi nasabah yang mendukung pelayanan yang andal.
• Improved digital-based customer services such as ease of payment of renewal premiums and online monitoring
of claim submissions.
• Expanding business through the expansion of distribution channels and market reach by opening Independent
Office Agency throughout Indonesia.
• Realizing financial literacy webinar activities for both life insurance and Financial Institution Pension Fund (DPLK)
business lines and developing applications for customers to support reliable services.
Pencapaian Target • Pendapatan Perseroan meningkat sebesar 33,58% dibandingkan tahun sebelumnya.
Targets Achieved • Tenaga pemasar Perseroan mencapai 9.796 orang yang tersebar di seluruh Indonesia.
• Jangkauan pasar dan basis nasabah tetap terjaga melalui penguatan akuisisi dan penetrasi kanal distribusi.
• Melaksanakan 5 program terkait edukasi dan peningkatan literasi keuangan.
• The Company’s revenue increased by 33.58% compared to the previous year.
• The Company’s sales force reached 9,796 individuals, spread across Indonesia.
• Market reach and customer base remain well maintained through strengthened acquisition and penetration of
distribution channel.
• Held 5 programs related to financial education and literacy improvement.
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Kesejahteraan Karyawan
Employee Welfare
Pekerjaan Layak dan Pertumbuhan Ekonomi
Decent Work and Economic Growth
Strategi Keberlanjutan Menciptakan lingkungan kerja yang layak dan aman serta memenuhi hak-hak karyawan.
Sustainability Strategy Create a decent and safe working environment and fulfill employee rights.
Target yang Ingin Dicapai • Peningkatan peserta pelatihan serta program pengembangan kompetensi karyawan.
Targets to Achieve • Remunerasi karyawan di atas tingkat Upah Minimum Provinsi (UMP).
• Increase the number of participants of the training and employee competency development programs.
• Increase employee remuneration above the Provincial Minimum Wage (UMP) level.
Kegiatan yang Dilakukan • Menyelenggarakan program pengembangan kompetensi, baik oleh pihak internal maupun eksternal.
Activities Undertaken • Memonitor tingkat pemberian upah karyawan terhadap UMP.
• Organized competency development program, both by internal and external parties.
• Monitored the level of employee remuneration against the UMP.
Pencapaian Target • Jumlah peserta pelatihan meningkat sebesar 38,46% dibandingkan tahun sebelumnya.
Targets Achieved • Jumlah program pelatihan dan pengembangan kompetensi yang diselenggarakan mencapai 41 kegiatan
sepanjang tahun.
• Seluruh remunerasi karyawan tetap terjaga di atas ketentuan UMP pada wilayah operasional Perseroan.
• The number of training participants increased by 38.46% compared to that of the previous year.
• The number of training and competency development programs conducted reached 41 activities throughout
the year.
• All employee remuneration remained above the UMP in the Company’s operational areas.
Energi dan Sumber Daya
Energy and Resources
Kota dan Pemukiman yang Berkelanjutan
Sustainable Cities and Settlements
Pola Konsumsi dan Produksi yang Bertanggung Jawab
Responsible Consumption and Production Patterns
Strategi Keberlanjutan Meningkatkan efektivitas pengelolaan lingkungan.
Sustainability Strategy Improve the effectiveness of environmental management.
Target yang Ingin Dicapai • Meningkatkan efisiensi energi.
Targets to Achieve • Mengurangi jumlah pemakaian kertas dan cetakan.
• Increase energy efficiency.
• Reduce the amount of paper and print usage.
Kegiatan yang Dilakukan • Perseroan menggunakan lampu hemat energi dan menerapkan program mematikan alat elektronik apabila tidak
Activities Undertaken digunakan.
• Perseroan mengoptimalkan penggunaan surat elektronik serta penggunaan pelayanan berbasis digital.
• Perseroan menerapkan praktik repabrikasi dengan memanfaatkan kembali material bekas sebagai bentuk
inovasi berkelanjutan dalam mengurangi limbah tanpa melalui proses pengelolaan konvensional.
• The Company used energy-saving lamps and implemented a program to turn off electronic devices when not in use.
• The Company optimized the use of electronic mail and digital-based services.
• The Company adopts refabrication practices by reusing used materials as part of its continuous innovation
efforts to reduce waste without going through conventional waste management processes.
Pencapaian Target • Perseroan terus melakukan berbagai upaya untuk meningkatkan efisiensi penggunaan energi listrik melalui
Targets Achieved pengelolaan konsumsi energi yang lebih optimal. Pada tahun 2025, implementasi inisiatif tersebut berjalan
seiring dengan peningkatan kebutuhan energi untuk mendukung aktivitas operasional dan perkembangan
bisnis.
• Sejak Oktober 2025, Perseroan telah menerapkan 100% e-policy.
• Perseroan menerapkan praktik repabrikasi dengan memanfaatkan kembali material bekas sebagai bagian dari
inovasi berkelanjutan dalam mengurangi limbah. Penerapan ini berkontribusi terhadap pengurangan timbulan
limbah operasional serta peningkatan efisiensi penggunaan material dalam kegiatan operasional.
• The Company continues to undertake various measures to improve the efficiency of electricity usage through
more optimal energy consumption management. In 2025, the implementation of these initiatives progressed
alongside an increase in energy demand to support operational activities and business growth.
• Since October 2025, the Company has 100% implemented e-policy.
• The Company applies remanufacturing practices by reusing materials as part of sustainable innovation to
reduce waste. This implementation contributes to the reduction of operational waste generation and improves
the efficiency of material usage in operational activities.
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Visi, Misi, dan Nilai-Nilai Keberlanjutan
Sustainability Vision, Mission, and Values
Saat ini, Perseroan belum menetapkan visi dan misi At present, the Company has not established a separate and
keberlanjutan yang terpisah secara spesifik. Pelaksanaan specific sustainability vision and mission. The implementation
keberlanjutan mengacu pada visi, misi, dan nilai-nilai Perseroan of sustainability refers to the Company’s vision, mission, and
yang telah diungkapkan bab Profil Perusahaan, bagian Visi, values as disclosed in the Company Profile chapter, under
Misi, dan Nilai-Nilai Perusahaan. the Vision, Mission, and Corporate Values section.
Perseroan memastikan bahwa prinsip keberlanjutan telah The Company ensures that sustainability principles have been
terintegrasi dalam strategi dan operasional bisnis. Ke depan, integrated into its business strategy and operations. In the future,
Perseroan akan secara bertahap mengembangkan perumusan the Company will gradually develop a more comprehensive
visi dan misi keberlanjutan yang lebih komprehensif. formulation of its sustainability vision and mission.
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Permasalahan terhadap Penerapan
Keuangan Berkelanjutan
Problems with the Implementation of Sustainable Finance
Perseroan menghadapi beragam tantangan strategis, baik The Company faces a range of strategic challenges, both
yang bersumber dari faktor internal maupun eksternal, yang internal and external, that must be anticipated carefully and
perlu diantisipasi secara cermat dan berkesinambungan. continuously. These challenges include managing a balanced
Tantangan tersebut antara lain mencakup pengelolaan risk risk appetite in line with optimal investment return targets,
appetite yang seimbang dengan target pengembalian investasi strengthening data security system for digital products and
yang optimal, penguatan sistem keamanan data pada produk services, as well as enhancing understanding of the importance
dan layanan digital, serta peningkatan pemahaman mengenai of integrating ESG factors into investment portfolios.
pentingnya integrasi faktor LST dalam portofolio investasi. Furthermore, with employees and sales agents spread across
Selain itu, dengan sebaran karyawan dan tenaga pemasar various regions of Indonesia, efforts to build resource capacity
di berbagai wilayah Indonesia, upaya peningkatan kapasitas require time and well‑directed strategies.
sumber daya memerlukan waktu dan strategi yang terarah.
Sebagai respons terhadap dinamika tersebut, Perseroan In response to these dynamics, the Company continuously
secara berkelanjutan menyelenggarakan berbagai program organizes development programs, including training
pengembangan, meliputi pelatihan keuangan berkelanjutan, on sustainable finance, ESG trends and implementation
tren dan strategi implementasi LST, serta pelatihan terkait strategies, as well as diversity and inclusion training delivered
keberagaman dan inklusi melalui webinar dan workshop bagi through webinars and workshops for all employees. For
seluruh karyawan. Bagi tenaga pemasar aktif, Perseroan active sales agents, the Company also provides financial
juga menyediakan pelatihan literasi keuangan dan asuransi literacy and insurance training to strengthen knowledge and
guna memperkuat pemahaman dan profesionalisme dalam professionalism in carrying out marketing functions.
menjalankan fungsi pemasaran.
Dalam rangka memastikan keselarasan pelaksanaan program To ensure alignment of sustainable finance programs with
keuangan berkelanjutan dengan RAKB, Perseroan memperkuat the RAKB, the Company has reinforced sustainable monitoring
mekanisme pengawasan dan pemantauan secara berkelanjutan. and supervision mechanism. These efforts are supported by
Upaya ini diiringi dengan peningkatan keamanan data melalui enhanced data security through technology upgrade, routine
pembaruan teknologi, pengawasan rutin, dan penerapan supervision, and the implementation of strict customer data
kebijakan perlindungan data nasabah yang ketat. Selain itu, protection policies. Furthermore, the effectiveness of various
efektivitas pelaksanaan berbagai inisiatif, seperti Reduce Plastic initiatives, such as Reduce Plastic Usage and SMiLe GoGreen
Usage dan kampanye SMiLe GoGreen, diukur secara berkala campaign, is measured regularly to assess the tangible impact
untuk menilai dampak nyata yang dihasilkan. achieved.
Menyadari kompleksitas dan keterkaitan dari setiap tantangan Recognizing the complexity and interconnection of these
tersebut, Perseroan menilai bahwa pencapaian keberlanjutan challenges, the Company believes that achieving optimal
yang optimal tidak dapat dilakukan secara terpisah. Dukungan sustainability cannot be accomplished separately. Support
dan kolaborasi dari seluruh pemangku kepentingan menjadi and collaboration from all stakeholders are essential factors
faktor penting dalam memperkuat fondasi keberlanjutan yang in strengthening the foundation of inclusive and resilient
inklusif dan berdaya tahan jangka panjang. long‑term sustainability.
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Ikhtisar Keberlanjutan
Sustainability Highlights
Kinerja Ekonomi
Economic Performance
Pendapatan*** Dana Peserta Laba Tahun Berjalan
Revenue Participants' Fund Income for the Year
2025 3.117.750 2025 193.306 2025 206.228
2024* 2.333.996 2024* 184.595 2024* 371.689
2023** 3.495.887 2023* 240.831 2023** 126.488
Jutaan Rupiah / Million Rupiah Jutaan Rupiah / Million Rupiah Jutaan Rupiah / Million Rupiah
2025 2024 2023
Kuantitas Produk atau Jasa yang Dijual Produk
30
Quantity of Product or Services Sold Product 37 42
Jumlah Pemasok Perusahaan
119
Number of Suppliers Companies 186 179
Lokal 1)
Perusahaan
98
Local Companies 143 135
Nasional 2)
Perusahaan
15
National Companies 39 40
Internasional Perusahaan
6
International Companies 4 4
1)
Pemasok yang berasal dari wilayah atau kota yang sama dengan lokasi operasional Perseroan. / Suppliers from the same region or city as the Company’s operational location.
2)
Pemasok yang berasal dari wilayah lain, namun masih dalam cakupan satu negara. / Suppliers from other regions, but still within the country.
* Disajikan kembali. / Restated.
** Pelaporan masih menggunakan PSAK 104. / The reporting still uses PSAK 104.
*** Disajikan mengikuti akun PSAK 104 dengan penyesuaian berdasarkan pada ketentuan IFRS 17. Pendapatan terdiri dari Pendapatan Asuransi, Pendapatan Ujrah, Pendapatan
Investasi - Neto, dan Pendapatan Lain-Lain./ Presented following PSAK 104 accounts with adjustments based on the provisions of IFRS 17. Revenue consists of Insurance
Revenue , Ujrah Income, Investment Income - Net, and Other Income.
Fund Ramah Lingkungan
Environmentally Friendly Funds
Perseroan terus memperkuat portofolio investasi berwawasan ESG melalui subdana Excellink Equity Bakti Peduli, yang berfokus pada saham-
saham di indeks SRI-KEHATI dan IDX ESG Leaders. Sepanjang 2025, subdana ini mencatat total dana kelolaan sebesar Rp541 miliar atau menurun
27% dibandingkan tahun 2024 yang mencapai Rp740 miliar, sejalan dengan dinamika pengelolaan portofolio investasi Perseroan dalam
menyeimbangkan kinerja investasi dan prinsip keberlanjutan.
The Company continues to strengthen its ESG‑oriented investment portfolio through Excellink Equity Bakti Peduli sub‑fund, which focuses on
stocks listed in SRI‑KEHATI Index and IDX ESG Leaders. Throughout 2025, this sub-fund recorded total assets under management of Rp541
billion, representing a decrease of 27% compared to Rp740 billion in 2024, in line with the dynamics of the Company’s investment portfolio
management in balancing investment performance and sustainability principles.
Keterangan / Notes:
SRI-KEHATI : Salah satu dari 37 indeks di Bursa Efek Indonesia yang mengukur kinerja harga saham dari 25 perusahaan tercatat yang memiliki kinerja yang baik
dalam mendorong usaha-usaha berkelanjutan, serta memiliki kesadaran terhadap lingkungan hidup, sosial, dan GCG atau disebut Sustainable and
Responsible Investment (SRI) dan bekerja sama dengan Yayasan Keanekaragaman Hayati Indonesia (Yayasan KEHATI). / One of the 37 indices on
Indonesia Stock Exchange measuring the stock price performance of 25 listed companies that have good performance in encouraging sustainable
businesses and exhibit awareness of environmental, social, and GCG, or known as Sustainable and Responsible Investment (SRI) and in collaboration
with the Indonesian Biodiversity Foundation (KEHATI Foundation).
IDX ESG Leaders : Indeks yang menggunakan pendekatan risiko ESG untuk memilih 30 saham dengan risiko terendah. / Index that uses an ESG risk approach to select
30 stocks with the lowest risk.
Kinerja Sosial
Social Performance
Edukasi dan Peningkatan Literasi Keuangan Program
2025 2024 2023
Education and Development of Financial Literacy Programs
5 5 5
Pemeliharaan dan Pengembangan Lingkungan Hidup 2025 2024 2023
Program
Environmental Preservation and Developmentof Programs
Financial Literacy 1 2 2
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Bakti Sosial Program
2025 2024 2023
Community Services Programs
1 - -
Penerima Manfaat atas Kontribusi terhadap Masyarakat People
2025 2024 2023
Beneficiaries of Contribution to Community People
1.206 674 917
Biaya Program Kontribusi terhadap Masyarakat Jutaan Rupiah
2025 2024 2023
Education and Development of Financial Literacy Million Rupiah
642 231 401
Dampak Positif Pengembangan Kemasyarakatan
Positive Impacts of Community Development
Pada tahun 2025, program pengembangan kemasyarakatan In 2025, the Company’s community development programs reached
Perseroan menjangkau 1.206 penerima manfaat, meningkat 78,93% 1,206 beneficiaries, an increase of 78.93% compared to the previous
dibandingkan tahun sebelumnya. Capaian ini didukung oleh investasi year. This achievement was supported by an investment of Rp642
sebesar Rp642 juta yang dialokasikan pada 7 inisiatif strategis serta million allocated to 7 strategic initiatives, as well as the continuation
keberlanjutan program PELITA. of PELITA Program.
Program tersebut menciptakan dampak berlapis. Perempuan This program generated a multi-layered impact. Women across
lintas generasi diperkuat perannya sebagai Chief Financial Officer generations were empowered in their roles as the family’s Chief
(CFO) keluarga dalam pengambilan keputusan dan perencanaan Financial Officer (CFO), strengthening their participation in financial
keuangan. Anak-anak di wilayah dengan risiko pekerja anak tetap decision-making and planning. Children in areas at risk of child labor
dapat melanjutkan pendidikan melalui dukungan kebutuhan were able to continue their education through support for school
sekolah, pemenuhan gizi, serta literasi keuangan sejak dini, yang necessities, nutritional assistance, and early financial literacy, further
turut diperkuat oleh peningkatan keterlibatan orang tua dalam reinforced by increased parental engagement in caregiving and
pengasuhan dan pendidikan. Keluarga terdampak bencana education. Families affected by disasters received recovery support
memperoleh dukungan pemulihan untuk kembali bangkit. Di sisi to help them rebuild and move forward. On the environmental front,
lingkungan, Perseroan berkontribusi pada pelestarian ekosistem the Company contributed to coastal ecosystem preservation by
pesisir melalui penanaman 1.855 bibit mangrove di Pantai Baros, planting 1,855 mangrove seedlings at Baros Beach, Yogyakarta.
Yogyakarta.
Keterlibatan aktif karyawan sebagai relawan semakin mempertegas Active employee involvement as volunteers further reinforces
komitmen Perseroan sebagai Trusted Partner yang tidak hanya the Company’s commitment as a Trusted Partner that not only
memberikan perlindungan, tetapi juga memberdayakan masyarakat provides protection but also empowers Indonesian communities to
Indonesia dalam membangun masa depan yang lebih tangguh dan build a more resilient and sustainable future.
berkelanjutan.
Kinerja Lingkungan Hidup
Environmental Performance
Penggunaan Energi Listrik Penggunaan Air Biaya Lingkungan Hidup
Electricity Consumption Water Usage Environmental Cost
2025 574,55 2025 696,86 2025 10
2024 238,75 2023 284,77 2024 549,30 2023 561,00 2024 15 2023 111
gigajoule m3 Jutaan Rupiah / Million Rupiah
Intensitas Air Pengelolaan Limbah
Water Intensity Waste Management
2025 159.598 2025 0,000224 2025 N/A*
2024 66.320 2023 79.102 2024 0,000235 2023 0,000160 2024 N/A* 2023 11,88
kWh m3/jutaan Rupiah / m3/million Rupiah Ton
Intensitas Energi * Perseroan tidak melakukan penguraian limbah kertas hasil operasional sehari-hari, seiring dengan berkurangnya
penggunaan kertas sebagai dampak dari penerapan aktivitas digital. / The Company does not decompose
Energy Intensity paper waste from its daily operations, in line with the reduction in paper use as a result of implementing digital
activities.
2025 0,000184
Upaya Mengurangi Emisi
Efforts to Reduce Emissions
2024 0,000102 2023 0,000081
gigajoule/jutaan Rupiah / gigajoule/million Rupiah Perseroan berupaya mengurangi emisi karbon melalui penerapan kebijakan digital, antara
lain implementasi e-policy, digitalisasi dokumen, serta pengurangan penggunaan kertas.
The Company strives to reduce carbon emissions through implementing digital policies,
including implementing e-policies, document digitization, and paper reduction.
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Penjelasan Presiden Direktur
Message from the President Director
Para Pemangku Kepentingan yang Terhormat,
Dear Stakeholders,
Perkembangan isu keberlanjutan yang semakin menjadi The growing prominence of sustainability issues as a global
perhatian global turut membentuk ekspektasi baru terhadap concern has shaped new expectations regarding the role of
peran dunia usaha dalam menciptakan nilai jangka panjang. business in creating long-term value. The dynamics of climate
Dinamika perubahan iklim, peningkatan kesadaran sosial, change, increasing social awareness, and demands for more
serta tuntutan tata kelola yang lebih transparan mendorong transparent governance have encouraged the Company to
Perseroan untuk mengintegrasikan prinsip keberlanjutan integrate sustainability principles into every aspect of its
ke dalam setiap strategi operasional usaha. Dalam konteks operational strategy. In this context, the Board of Directors
tersebut, Direksi mengarahkan pengelolaan usaha agar directs its business management not only to focus on financial
tidak hanya berfokus pada kinerja finansial, tetapi juga performance, but also to maintain a balance among economic,
memperhatikan keseimbangan antara aspek ekonomi, social, and environmental considerations. This approach forms
sosial, dan lingkungan. Pendekatan ini menjadi bagian dari part of the Company’s efforts to preserve its relevance and
upaya menjaga relevansi dan ketahanan Perseroan di tengah resilience amid ongoing changes.
perubahan yang terus berlangsung.
Nilai dan Komitmen terhadap Values of and Commitment to
Keberlanjutan Sustainability
Nilai keberlanjutan Perseroan berlandaskan pada upaya The Company’s sustainability values are grounded in
menciptakan pertumbuhan bisnis yang berkualitas dengan efforts to create high-quality business growth supported
fondasi yang berkelanjutan. Pendekatan ini selaras dengan by a sustainable foundation. This approach aligns with
tanggung jawab terhadap lingkungan, kesejahteraan sosial, the Company’s responsibility for the environment, social
serta penerapan tata kelola yang kuat dan berintegritas. welfare, and the implementation of strong and integrated
Hal ini diwujudkan melalui komitmen untuk meminimalkan governance. These commitments are demonstrated through
dampak lingkungan dari kegiatan operasional melalui initiatives to minimize the environmental impact of operations
optimalisasi efisiensi energi dan pengurangan emisi karbon. by optimizing energy efficiency and reducing carbon
Selain itu, Perseroan menerapkan prinsip green building emissions. In addition, the Company has adopted green
pada pengelolaan ruang kerja di kantor pusat yang telah building principles in the management of its workspace at
memperoleh sertifikasi Greenship dari Green Building Council the head office, which has obtained Greenship certification
Indonesia dengan peringkat GOLD. from the Green Building Council Indonesia with a GOLD rating.
Pada aspek sosial, Perseroan menempatkan peningkatan From a social perspective, the Company considers improving
kualitas hidup masyarakat sebagai unsur penting dari strategi community’s quality of life an essential element of its
keberlanjutan. Hal ini diwujudkan melalui berbagai program sustainability strategy. This commitment is realized through
sosial yang tidak hanya memberikan manfaat langsung, tetapi various social programs that not only deliver direct benefits
juga mendorong peningkatan literasi keuangan masyarakat but also promote greater financial literacy, enabling
agar lebih siap dalam menghadapi risiko dan merencanakan the public to manage risks better and plan for the future
masa depan secara lebih baik. Sementara itu, pada aspek more effectively. Meanwhile, in terms of governance,
tata kelola, komitmen terhadap integritas, transparansi, dan the Company consistently maintains its commitment to
kepatuhan terus dijaga secara konsisten. Hal ini tercermin integrity, transparency, and compliance. This is reflected
dari upaya Perseroan dalam menerapkan standar akuntansi in the Company's efforts to implement the latest financial
keuangan terbaru, yaitu PSAK 117 atau IFRS 17, pada Laporan accounting standards, PSAK 117 or IFRS 17, in its 2025
Keuangan tahun 2025. Perseroan juga telah memperoleh Financial Statements. The Company has also received
sertifikasi Corporate Governance Perception Index (CGPI) dalam Corporate Governance Perception Index (CGPI) certification in
kategori "Trusted" yang menjadi salah satu bentuk motivasi the "Trusted" category, which serves as a form of motivation
untuk terus memastikan pertumbuhan Perseroan berjalan to continue ensuring the Company's sustainable growth.
secara berkelanjutan.
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Wianto
Presiden Direktur
President Director
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Tantangan dan Strategi Keberlanjutan Sustainability Challenges and Strategies
Penerapan keberlanjutan Perseroan pada tahun 2025 The Company's sustainability implementation in 2025 faced
dihadapkan pada dinamika eksternal yang semakin kompleks, increasingly complex external dynamics, influenced by global
dipengaruhi oleh ketidakstabilan ekonomi global dan economic instability and ongoing geopolitical tensions.
berlanjutnya tensi geopolitik. Kondisi tersebut meningkatkan These conditions increased operational risks, including
risiko operasional, termasuk kenaikan klaim pada lini kesehatan increased claims in the health sector, influenced by changes
yang dipengaruhi oleh perubahan kualitas lingkungan dan in environmental quality and increased public mobility.
tingginya mobilitas masyarakat. Di sisi lain, percepatan Meanwhile, accelerated technological developments are
perkembangan teknologi turut mendorong kebutuhan driving the need for more efficient digital transformation to
transformasi digital yang lebih efisien guna mendukung support operational effectiveness.
efektivitas operasional.
Dalam merespons tantangan tersebut, Perseroan In response to these challenges, the Company has positioned
menempatkan strategi keberlanjutan sebagai bagian integral its sustainability strategy as an integral part of its risk
dari pengelolaan risiko dan penguatan daya tahan usaha. Upaya management and strengthened its business resilience.
ini difokuskan pada penyelarasan kebijakan underwriting These efforts focus on aligning underwriting policies and
dan pengelolaan klaim yang lebih adaptif, serta penguatan more adaptive claims management, as well as strengthening
pengendalian internal untuk menjaga stabilitas kinerja. Selain internal control to maintain stable performance. Furthermore,
itu, Perseroan juga memperkuat kolaborasi dalam inisiatif the Company strengthens collaboration on environmental
lingkungan, termasuk partisipasi dalam program restorasi initiatives, including participating in a restoration program
bersama MS&AD Insurance Group, sebagai bentuk kontribusi with MS&AD Insurance Group, as a contribution to ecosystem
terhadap pemulihan ekosistem dan penciptaan nilai sosial restoration and the creation of sustainable social value.
yang berkelanjutan.
Kinerja Keberlanjutan 2025 Sustainability Performance in 2025
Kinerja keberlanjutan Perseroan sepanjang tahun 2025 The Company’s sustainability performance throughout 2025
menunjukkan perkembangan yang selaras pada aspek ekonomi, demonstrated balanced progress across economic, social, and
sosial, dan lingkungan. Dari sisi ekonomi, Perseroan tetap environmental aspects. From an economic perspective, the
mampu menjaga profitabilitas kinerja keuangan, meskipun Company remained able to maintain financial performance
laba tahun berjalan turun 44,52% dari tahun sebelumnya. profitability, despite a 44.52% decrease in profit for the year
Penurunan tersebut terutama dipengaruhi oleh peningkatan from the previous year. This decline was primarily influenced
pembayaran klaim serta penyesuaian asumsi aktuaria, by the increase in claim payments and adjustments to actuarial
sehingga mencerminkan tekanan yang bersifat jangka pendek. assumptions, thus reflecting short-term pressures. However,
Namun demikian, kualitas fundamental kinerja tetap terjaga, the fundamental quality of performance remained maintained,
sebagaimana tercermin dari penguatan indikator nilai ekonomi. as reflected in the strengthening of economic value indicators.
Contractual Service Margin (CSM) sebagai cerminan sumber Contractual Service Margin (CSM), a reflection of future
pendapatan masa depan meningkat sebesar 14,44% pada tahun revenue sources, increased by 14.44% in 2025 in line with
2025 seiring dengan ekspansi bisnis, dengan saldo mencapai business expansion, with a balance reaching Rp847,437 million
Rp847.437 juta pada akhir 2025 dibandingkan Rp740.539 juta at the end of 2025 compared to Rp740,539 million at the end
pada akhir 2024. Selain itu, tingkat solvabilitas Perseroan tetap of 2024. In addition, the Company's solvency level remained
berada pada level yang sangat memadai, tercermin dari rasio at a very adequate level, as reflected in the Risk Based Capital
Risk Based Capital (RBC) yang berada di atas 1.000%. (RBC) ratio which was above 1,000%.
Pada aspek sosial, peningkatan jumlah klaim mencerminkan From a social perspective, the increase in claims reflects
meningkatnya literasi masyarakat terhadap pentingnya growing public awareness of the importance of life insurance
perlindungan asuransi jiwa, yang direspons melalui peluncuran protection, which was addressed through the launch of four
4 produk unggulan sepanjang tahun 2025. Perseroan juga flagship products during 2025. The Company also expanded
memperluas kontribusi sosial melalui 8 program, termasuk its social contributions through 8 programs, including PELITA
PELITA sebagai proyek tahunan bersama ISCO Foundation. as an annual project in collaboration with ISCO Foundation.
Melalui program-program tersebut, Perseroan berhasil Through these programs, the Company successfully reached
menjangkau 1.206 orang penerima manfaat dengan alokasi dana 1,206 beneficiaries, with a total funding allocation of Rp642.13
sebesar Rp642,13 juta. Perseroan juga mencatatkan sejumlah million. The Company also recorded several enhancements in
penguatan pada aspek sosial melalui peningkatan akses layanan the social dimension through improved access to protection
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perlindungan, sebagai bagian dari upaya mendukung ketahanan services, as part of its ongoing efforts to support financial
finansial dan kesejahteraan masyarakat secara berkelanjutan. resilience and community well-being in a sustainable manner.
Sementara itu, pada aspek lingkungan, komitmen Meanwhile, from an environmental perspective, the
keberlanjutan diwujudkan melalui efisiensi penggunaan Company’s sustainability commitment was demonstrated
sumber daya, antara lain penurunan konsumsi air sebesar through resource efficiency initiatives, including a reduction
26,86% dan listrik sebesar 140,65%. Upaya ini merupakan in water consumption of 26.86% and electricity consumption
kelanjutan dari penerapan standar green building yang telah of 140.65%. These efforts represent a continuation of
memperoleh sertifikasi Greenship, sekaligus mencerminkan implementing green building standards that have obtained
pengelolaan operasional yang lebih terstruktur dalam Greenship certification, while also reflecting more structured
meminimalkan dampak lingkungan. Perseroan juga senantiasa operational management to minimize environmental impacts.
mendorong penerapan digitalisasi melalui implementasi 100% The Company has also continuously promoted digitalization
e-policy guna mengurangi penggunaan kertas, yang sejalan by implementing a 100% e-policy system to reduce paper use,
dengan upaya efisiensi sumber daya serta pengurangan jejak in line with efforts to improve resource efficiency and reduce
lingkungan dari aktivitas operasional. the environmental footprint of operational activities.
Capaian-capaian tersebut selaras dengan penerapan tata These achievements align with the implementation of
kelola perusahaan yang baik sebagai landasan dalam good corporate governance as a foundation for long-term
membangun keberlanjutan jangka panjang. Kinerja yang sustainability. The performance demonstrated has been
ditunjukkan dinilai telah memadai, meskipun tetap memerlukan assessed as adequate, although it continues to require ongoing
penguatan secara berkelanjutan, khususnya melalui strengthening, particularly through the enhancement of
peningkatan budaya kepatuhan dan manajemen risiko dalam a culture of compliance and risk management in operational
aktivitas operasional. Di sisi internal, pemanfaatan pembelajaran activities. Internally, the use of digital learning has supported the
digital turut mendukung peningkatan kompetensi sumber daya development of human capital competencies more efficiently
manusia secara lebih efisien dan adaptif. Selain itu, komitmen and adaptively. Furthermore, the commitments of Indonesian
pemerintah Indonesia dan pelaku industri dalam berbagai government and industry players in various sustainability
forum keberlanjutan, seperti Indonesia Corporate Sustainability forums, such as the Indonesia Corporate Sustainability
Outlook (ICSO) 2025 dan Indonesia Sustainability Forum (ISF), Outlook (ICSO) 2025 and the Indonesia Sustainability Forum
mencerminkan arah kebijakan dan praktik bisnis yang semakin (ISF), reflect a policy direction and business practices that
mengedepankan prinsip ESG. Hal tersebut memberikan increasingly prioritize ESG principles. This provides confidence
keyakinan bagi Perseroan untuk terus memperkuat penerapan for the Company to continue strengthening its governance
tata kelola yang selaras dengan perkembangan praktik terbaik implementation in line with developments in best practices at
di tingkat nasional dan global. the national and global levels.
Prospek Keberlanjutan Sustainability Prospects
Memasuki tahun 2026, prospek keberlanjutan Perseroan Entering 2026, the Company's sustainability outlook is
dipandang tetap kondusif, didukung oleh proyeksi pertumbuhan considered favorable, supported by projections of stable
ekonomi nasional yang stabil serta meningkatnya kesadaran national economic growth and increasing awareness of
terhadap praktik bisnis berkelanjutan. Perkembangan ini sustainable business practices. This development opens
membuka peluang untuk memperkuat posisi melalui inovasi up opportunities to strengthen position through product
produk dan layanan yang selaras dengan kebutuhan pasar, and service innovation that aligns with market needs, while
sekaligus mengoptimalkan distribusi melalui pendekatan optimizing distribution through a multi-channel approach as
multi-channel sebagai proposisi utama dalam memperluas a key proposition in expanding reach and increasing customer
jangkauan dan meningkatkan keterlibatan nasabah. engagement.
Dari sisi internal, Perseroan didukung oleh portofolio Internally, the Company is supported by a diversified product
produk yang terdiversifikasi serta kapabilitas distribusi yang portfolio and increasingly adaptive distribution capabilities.
semakin adaptif. Penguatan digitalisasi dilakukan melalui Digitalization is strengthened through developing the
pengembangan ekosistem digital Perseroan, COSMOS, yang Company's digital ecosystem, COSMOS, which plays a role in
berperan dalam mengintegrasikan proses bisnis secara lebih integrating business process in a more efficient and structured
efisien dan terstruktur. Inisiatif ini didukung oleh pemanfaatan manner. This initiative is supported by the use of VEGA
aplikasi VEGA sebagai platform layanan bagi nasabah untuk application as a service platform for customers to facilitate
memudahkan transaksi terkait polis, serta penggunaan Net policy-related transactions, as well as the use of Net Promoter
Promoter Score (NPS) sebagai acuan dalam mengukur dan Score (NPS) as a benchmark for measuring and maintaining
menjaga pengalaman nasabah secara konsisten. consistent customer experience.
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Untuk mendukung arah tersebut, strategi difokuskan pada To support this direction, the strategy focuses on closer
integrasi yang lebih erat antara inisiatif keberlanjutan dan integration between sustainability initiatives and core
proses bisnis inti. Pemanfaatan kapasitas kanal distribusi business process. Utilizing diverse distribution channel
yang beragam dan pengembangan aspek pemasaran berbasis capacities and developing digital-based marketing aspect,
digital, termasuk melalui platform FORTIFY, diarahkan untuk including through FORTIFY platform, are aimed at increasing
meningkatkan jangkauan sekaligus efisiensi penggunaan reach and resource efficiency. At the same time, strengthening
sumber daya. Pada saat yang sama, penguatan tata kelola dan governance and ongoing monitoring of the implementation
pemantauan berkelanjutan atas implementasi Rencana Aksi of the Sustainable Finance Action Plan continues to be
Keuangan Berkelanjutan, terus dilakukan secara komprehensif comprehensively implemented in accordance with applicable
sesuai dengan perubahan regulasi yang berlaku. regulatory amendments.
Dalam jangka panjang, pengelolaan keberlanjutan juga In the long term, sustainability management is also
diarahkan pada peningkatan nilai ekonomi yang diimbangi directed at increasing economic value while strengthening
dengan penguatan kontribusi sosial dan lingkungan. Melalui social and environmental contributions. Through more
inisiatif yang lebih terukur, pendekatan ini memerlukan measurable initiatives, this approach requires structured risk
pengelolaan risiko secara terstruktur, pengembangan proses management, development of relevant business process and
bisnis dan inovasi produk yang relevan, serta kolaborasi product innovations, and ongoing collaboration to promote
berkelanjutan dalam mendorong praktik ramah lingkungan. environmentally friendly practices. Thus, the Company is
Dengan demikian, Perseroan diharapkan mampu menjaga expected to be able to maintain performance continuity,
kesinambungan kinerja, memperkuat daya saing, dan strengthen competitiveness, and create sustainable added
menciptakan nilai tambah yang berkelanjutan bagi seluruh value for all stakeholders.
pemangku kepentingan.
Apresiasi Appreciation
Direksi menyampaikan ungkapan terima kasih dan apresiasi The Board of Directors would like to express its sincere
kepada seluruh karyawan yang telah berperan aktif dalam gratitude and appreciation to all employees who have actively
mengimplementasikan berbagai inisiatif keberlanjutan. contributed to the implementation of various sustainability
Apresiasi juga ditujukan kepada para Pemegang Saham, initiatives. Appreciation is also extended to the Shareholders,
mitra usaha, dan seluruh pemangku kepentingan yang terus business partners, and all stakeholders who have continuously
mendukung upaya Perseroan dalam mengintegrasikan prinsip supported the Company’s efforts to integrate ESG principles
ESG ke dalam kegiatan usaha. Di samping itu, penghargaan juga into its business activities. In addition, recognition is conveyed
disampaikan kepada berbagai pihak yang telah berkolaborasi to the various parties who have collaborated on social and
dalam program sosial dan lingkungan, sehingga memberikan environmental programs, thereby generating broader and
dampak yang lebih luas dan berkelanjutan. Sinergi tersebut more sustainable impacts. Such synergy represents a key
menjadi elemen penting dalam memperkuat komitmen element in strengthening the Company’s commitment to
Perseroan untuk terus mengembangkan praktik usaha yang continuously advancing responsible business practices.
bertanggung jawab.
Atas nama Direksi
On behalf of the Board of Directors
PT MSIG LIFE INSURANCE INDONESIA TBK,
Wianto
Presiden Direktur
President Director
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Tata Kelola Keberlanjutan
Sustainability Governance
Penanggung Jawab Penerapan Keuangan Unit in Charge of the Implementation of
Berkelanjutan Sustainable Finance
Tanggung jawab atas penerapan keuangan berkelanjutan Responsibility for implementing sustainable finance is
melekat pada seluruh jajaran organisasi, mencerminkan embedded across all levels of the organization, reflecting
komitmen kolektif dalam mengintegrasikan prinsip keberlanjutan a collective commitment to integrating sustainability principles
ke dalam setiap aspek operasional. Secara teknis, koordinasi dan into every aspect of operations. Technically, coordination and
pelaksanaan dijalankan oleh Unit Kerja Khusus Keberlanjutan execution are carried out by the dedicated Sustainability Unit,
yang berperan memastikan seluruh kebijakan, program, dan which ensures that all sustainability policies, programs, and
inisiatif keberlanjutan berjalan selaras dengan RAKB dan peta initiatives are aligned with the Company’s RAKB and road
jalan perusahaan. Unit ini juga berfungsi sebagai pusat kendali map. This unit also functions as a central hub for performance
dalam pemantauan kinerja, pengelolaan data, serta penyusunan monitoring, data management, as and the preparation of
laporan keberlanjutan yang transparan dan akuntabel. transparent and accountable sustainability reports.
Adapun Unit Kerja Khusus terkait Keberlanjutan di Perseroan The dedicated Work Unit related to Sustainability within
terdiri dari: the Company consists of:
1. Direktur 1. Director
Bertanggung jawab terhadap pengelolaan dan Responsible for the overall management and
pelaksanaan RAKB secara menyeluruh, termasuk implementation of the RAKB, including ensuring that
memastikan keselarasan arah dan strategi keberlanjutan the sustainability direction and strategy are aligned with
dengan kebijakan Perseroan. the Company’s policies.
2. Corporate Secretary 2. Corporate Secretary
Memegang peran sentral dalam penyusunan Laporan Plays a central role in preparing the Company’s
Keberlanjutan Perseroan serta melaksanakan fungsi Sustainability Report and supervising the RKAB
pengawasan atas pelaksanaan RAKB. Unit ini juga implementation. This unit also coordinates with relevant
melakukan koordinasi dengan otoritas terkait dalam authorities in the reporting process and ensures
proses pelaporan dokumen dan pemenuhan ketentuan compliance with sustainability reporting requirements.
pelaporan keberlanjutan.
3. General Support 3. General Support
Menjalankan berbagai inisiatif yang mendukung penerapan Implements various initiatives that support the application
prinsip keberlanjutan lingkungan di area kerja, termasuk of environmental sustainability principles in the workplace,
optimalisasi efisiensi energi, pengelolaan limbah, dan including optimizing energy efficiency, managing waste,
penerapan praktik ramah lingkungan di kantor. and implementing eco‑friendly practices in offices.
4. Corporate Communication 4. Corporate Communication
Bertanggung jawab atas penyusunan dan pelaksanaan Responsible for preparing and executing RAKB programs
program RAKB yang berkaitan dengan kegiatan tanggung related to corporate social responsibility (CSR) activities,
jawab sosial perusahaan (CSR), serta memastikan while ensuring that communication and publications are
komunikasi dan publikasi yang selaras dengan nilai consistent with the Company’s sustainability values.
keberlanjutan Perseroan.
5. Human Capital 5. Human Capital
Melaksanakan tinjauan atas pelaksanaan program Reviews the implementation of sustainability programs
keberlanjutan yang berfokus pada karyawan, termasuk focused on employees, including competency
pengembangan kompetensi, peningkatan kesejahteraan, development, welfare enhancement, and strengthening
serta penguatan budaya kerja berkelanjutan. a sustainable work culture.
6. Corporate Planning 6. Corporate Planning
Mengkoordinasikan penyusunan Laporan Keberlanjutan Coordinates the preparation of the Sustainability Report
bersama unit terkait, sekaligus melakukan pemantauan with related units, while monitoring to ensure that RAKB
agar implementasi RAKB berjalan sesuai arah strategi dan implementation is consistent with the Company’s strategic
rencana jangka panjang Perseroan. direction and long‑term plans.
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Pengembangan Kompetensi terkait Competency Development related to
Keuangan Berkelanjutan Sustainable Finance
Struktur penanggung jawab penerapan keuangan The structure of parties responsible for implementing
berkelanjutan tahun 2025 dirancang untuk menguatkan sustainable finance in 2025 was designed to strengthen
sinergi lintas unit dalam mengintegrasikan RAKB ke seluruh cross‑unit synergy in integrating RAKB across all lines of
lini organisasi. Setiap unit berperan strategis memastikan the organization. Each unit plays a strategic role in ensuring
kebijakan dan inisiatif keberlanjutan berjalan selaras dengan that sustainability policies and initiatives are aligned with
arah strategis perusahaan. Sepanjang tahun, Unit Kerja Khusus the Company’s strategic direction. Throughout the year,
Keberlanjutan juga mengikuti program pengembangan the dedicated Sustainability Unit also participated in
kompetensi guna memperdalam pemahaman dan kapasitas competency development programs to deepen understanding
pada aspek LST, sebagaimana diuraikan berikut: and capacity in ESG aspects, as outlined below:
Materi Penyelenggara
Material Organizer
Artificial Intelligence Training Series PT Kompakindo Media Dewata
Artificial Intelligence in Life Insurance: Strategy, Leadership, & Risk Management PT Kompakindo Media Dewata
Persatuan Aktuaria Indonesia
8th The Indonesian Actuaries Summit Navigating Uncertainty Shaping Tomorrow
Society of Actuaries of Indonesia
Seminar “Pernyataan Standar Akuntansi Keuangan 117 & Kitab Undang-Undang Hukum Dagang 251”
PT Global Kreasi Inovasi
“Financial Accounting Standards Statement 117 & Commercial Code Article 251” Seminar
Self-Learning – Anti-BriberyCorruption Internal resource
Self-Learning – Anti-Fraud Internal resource
Self-Learning – Customer Protection and Data Confidentiality Internal resource
Self-Learning – Document Governance Policy Internal resource
Self-Learning – Anti-Money Laundering: Know Your Customer Internal resource
Self-Learning – IT Security Awareness Internal resource
Self-Learning – Risk Management Internal resource
Self-Learning – TRUST Internal resource
Self-Learning – Conflict of Interest Internal resource
Kegiatan Membangun Budaya Keberlanjutan Building a Sustainability Culture
Tahun 2025 menjadi momentum penguatan internalisasi The year 2025 marked a momentum for strengthening
nilai keberlanjutan di lingkungan Perseroan. Upaya the internalization of sustainability values within the Company.
membangun budaya keberlanjutan diarahkan tidak semata Efforts to build a sustainability culture were directed not
pada peningkatan pemahaman, tetapi juga pembentukan only at enhancing understanding but also at shaping work
perilaku kerja yang mencerminkan tanggung jawab sosial dan behaviors that reflect social and environmental responsibility
lingkungan dalam keseharian. Pendekatan tersebut dilakukan in daily activities. This approach was carried out through
melalui sinergi lintas-unit dengan menyelenggarakan berbagai cross‑unit synergy by organizing various activities that served
kegiatan yang menjadi wahana pembentukan budaya as platforms for fostering sustainability culture, as follows:
keberlanjutan, antara lain:
1. Pelaksanan program CSR berbasis pemberdayaan keluarga 1. Implementation of CSR programs based on family
dan literasi, yang mendorong keterlibatan aktif karyawan empowerment and literacy, encouraging active employee
sebagai relawan dalam kegiatan sosial dan edukatif, involvement as volunteers in social and educational
sekaligus memperkuat budaya empati dan kepedulian initiatives, while strengthening a culture of empathy and
sosial di lingkungan kerja; dan social responsibility within the workplace; and
2. Penerapan praktik operasional yang mendukung 2. Adoption of operational practices that support
keberlanjutan lingkungan, termasuk pengurangan environmental sustainability, including reducing paper
penggunaan kertas, pengelolaan sampah secara terpilah, usage, implementing waste segregation, and various
serta berbagai inisiatif ramah lingkungan lainnya guna other environmentally friendly initiatives to foster more
membentuk kebiasaan kerja yang lebih bertanggung responsible workplace habits.
jawab terhadap lingkungan.
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Hubungan dengan Pemangku Kepentingan Relationship with Stakeholders
Perseroan meyakini bahwa nilai perusahaan tidak hanya The Company believes that its value is reflected not only in
tercermin dari kinerja finansial, tetapi juga dari kontribusi financial performance, but also in its sustainable contributions
berkelanjutan terhadap seluruh pemangku kepentingan to all stakeholders who play a role in maintaining business
yang berperan dalam menjaga kesinambungan usaha. Setiap continuity. Each stakeholder holds a strategic position within
pemangku kepentingan memiliki posisi strategis dalam the Company’s sustainability ecosystem, either through direct
ekosistem keberlanjutan Perseroan, baik melalui pengaruh influence on operations or through expectations that shape
langsung terhadap operasional maupun melalui ekspektasi long‑term development direction.
yang membentuk arah pengembangan jangka panjang.
Adapun 7 kelompok pemangku kepentingan utama atas The 7 main stakeholder groups of the Company, identified
Perseroan berdasarkan kekuatan, pengaruh, dan relevansi isu based on their strength, influence, and relevance to
keberlanjutan, serta strategi pelibatannya diuraikan sebagai sustainability issues, along with the engagement strategies,
berikut: are outlined as follows:
Pemegang Saham dan Direktur
Shareholders and Board of Directors
Ruang Lingkup Keterlibatan • Menyusun strategi dalam upaya meningkatkan kinerja dan keberlanjutan usaha.
Engagement Scope • Melakukan kegiatan usaha yang memperhatikan aspek keberlanjutan.
• Developing strategies to improve business performance and sustainability.
• Conducting business activities that pay attention to sustainability aspects.
Metode Pelibatan • Menyelenggarakan Rapat Umum Pemegang Saham (RUPS) Tahunan dan Luar Biasa.
Engagement Method • Menyampaikan Laporan Tahunan dan Laporan Keberlanjutan.
• Menyediakan akses informasi berupa situs web serta media sosial.
• Organizing Annual General Meeting of Shareholders (GMS) and Extraordinary GMS.
• Submitting Annual Report and Sustainability Report.
• Providing access to information in the form of website and social media.
Frekuensi Pertemuan • Pelaksanaan RUPS Tahunan setiap tahun dan RUPS Luar Biasa sesuai kebutuhan.
Meeting Frequency • Pelaporan setiap tahun atau sesuai kebutuhan.
• Implementing Annual GMS once a year and Extraordinary GMS as needed.
• Reporting annually or as needed.
Pemerintah dan Regulator
Government and Regulators
Ruang Lingkup Keterlibatan • Memastikan pemenuhan terhadap seluruh peraturan terkait yang berlaku.
Engagement Scope • Membayar kewajiban kepada pihak yang berwenang.
• Ensuring compliance with all relevant applicable regulations.
• Paying obligations to the authorities.
Metode Pelibatan • Menyampaikan Laporan Keuangan, Laporan Tahunan, dan Laporan Keberlanjutan.
Engagement Method • Membayar kewajiban kepada pihak berwenang.
• Submitting Financial Statements, Annual Reports, and Sustainability Reports.
• Paying obligations to the authorities.
Frekuensi Pertemuan • Pertemuan secara berkala atau sesuai kebutuhan.
Meeting Frequency • Pembayaran kewajiban sesuai waktu yang ditetapkan.
• Pelaporan setiap tahun atau sesuai kebutuhan.
• Conducting meeting periodically or as needed.
• Paying obligations at specified time.
• Reporting annually or as needed.
Karyawan
Employees
Ruang Lingkup Keterlibatan • Mengadakan pengelolaan sumber daya manusia yang sesuai dengan peraturan yang berlaku.
Engagement Scope • Menyediakan sarana dan/atau prasarana terkait kesehatan.
• Mengadakan kegiatan pelatihan dan promosi atau mutasi jabatan.
• Organizing human resource management in accordance with applicable regulations.
• Providing facilities and/or infrastructure related to health.
• Organizing training activities and job promotions or transfers.
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Karyawan
Employees
Metode Pelibatan • Melakukan pengukuran kinerja karyawan.
Engagement Method • Menyediakan sarana pengaduan bagi karyawan.
• Mengikutsertakan karyawan terhadap kegiatan pelatihan.
• Conducting employee performance measurements.
• Providing employees with complaint channel.
• Involving employees in training activities.
Frekuensi Pertemuan Sepanjang tahun atau sesuai rencana pelaksanaan program.
Meeting Frequency Throughout the year or according to the program plan.
Nasabah
Customers
Ruang Lingkup Keterlibatan Memastikan produk dan layanan yang disediakan sesuai dengan kebutuhan nasabah.
Engagement Scope Ensuring that products and services provided are in line with customer needs.
Metode Pelibatan • Melakukan survei kepuasan nasabah.
Engagement Method • Menyediakan akses informasi berupa situs web dan media sosial.
• Menyediakan sarana pengaduan bagi nasabah.
• Conducting customer satisfaction survey.
• Providing access to information in the form of websites and social media.
• Providing customers with complaint facilities.
Frekuensi Pertemuan Sepanjang tahun atau sesuai kebutuhan.
Meeting Frequency Throughout the year or as needed.
Masyarakat
Community
Ruang Lingkup Keterlibatan • Melibatkan masyarakat dalam program pengembangan dan pemberdayaan masyarakat yang
Engagement Scope diselenggarakan Perseroan.
• Memberikan kesempatan kerja.
• Involving the community in community development and empowerment programs organized by the Company.
• Creating employment opportunities.
Metode Pelibatan Melaksanakan berbagai program pengembangan dan pemberdayaan masyarakat.
Engagement Method Implementing community development and empowerment programs.
Frekuensi Pertemuan Sesuai rencana pelaksanaan atau sesuai kebutuhan.
Meeting Frequency According to the plan or as needed.
Media Massa
Mass Media
Ruang Lingkup Keterlibatan Menyediakan informasi secara jujur dan transparan.
Engagement Scope Providing honest and transparent information.
Metode Pelibatan • Melaksanakan media gathering.
Engagement Method • Memutakhirkan informasi pada situs web dan media sosial Perseroan.
• Conducting media gathering.
• Updating information on the Company’s website and social media.
Frekuensi Pertemuan Sesuai kebutuhan.
Meeting Frequency As needed.
Pemasok
Supplier
Ruang Lingkup Keterlibatan • Merumuskan dan memenuhi kontrak kerja sama.
Engagement Scope • Melakukan seleksi pemasok.
• Melakukan evaluasi setiap tahun.
• Formulating and fulfilling cooperation contracts.
• Selecting supplier.
• Conducting evaluations annually.
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Pemasok
Supplier
Metode Pelibatan • Melakukan kerja sama yang adil dan transparan sesuai dengan peraturan dan kontrak kerja yang berlaku.
Engagement Method • Membangun hubungan kerja yang harmonis dengan mitra kerja.
• Meningkatkan dan mendorong kemampuan pemasok/vendor untuk mengevaluasi proses pengadaan
barang/jasa secara berkala guna memastikan implementasinya telah berjalan dengan efektif dan efisien
serta memenuhi syarat yang ditentukan, di antaranya terkait dengan kualitas pekerjaan dan layanan yang
diberikan. Hal ini bertujuan untuk memastikan mutu, transparansi, dan juga perbaikan berkelanjutan dalam
hubungan antara pemasok dan Perseroan.
• Cooperating fairly and transparently in accordance with applicable regulations and work contracts.
• Building harmonious working relationships with business partners.
• Improving and encouraging the capabilities of suppliers/vendors to periodically evaluate procurement
processes to ensure effective and efficient implementation and compliance with specified requirements,
including quality of work and services provided. This is aimed at ensuring quality, transparency, and
continuous improvement in the relationship between suppliers and the Company.
Frekuensi Pertemuan Sepanjang tahun atau sesuai kebutuhan.
Meeting Frequency Throughout the year or as needed.
Keberlanjutan Aspek Ekonomi
Economic Sustainability
Industri asuransi tengah beradaptasi dengan dinamika The insurance industry is adapting to global economic
ekonomi global yang semakin menekankan efisiensi, tanggung dynamics that increasingly emphasize efficiency, social
jawab sosial, dan transisi menuju ekonomi hijau. Pergeseran ini responsibility, and the transition toward a green economy.
menuntut pelaku industri untuk menjaga kinerja bisnis yang This shift requires industry players to maintain competitive
berdaya saing sekaligus berkontribusi terhadap pembangunan business performance while contributing to sustainable
berkelanjutan. Dalam konteks ini, Perseroan berupaya menjaga development. In this context, the Company strives to
keseimbangan antara kinerja usaha dan keberlanjutan jangka balance business performance with long‑term sustainability
panjang melalui optimalisasi strategi bisnis, digitalisasi by optimizing business strategies, digitalizing services, and
layanan, serta penerapan praktik operasional yang ramah implementing environmentally friendly operational practices.
lingkungan. Langkah ini menjadi bagian dari adaptasi These efforts are part of the Company’s ongoing adaptation
berkelanjutan Perseroan dalam memperkuat daya saing to strengthen competitiveness while contributing to inclusive
sekaligus berkontribusi terhadap pertumbuhan ekonomi yang and future‑oriented economic growth.
inklusif dan berorientasi masa depan.
Pencapaian Target dan Realisasi Target Achievement and Realization
Perseroan melakukan pemantauan dan evaluasi terhadap The Company monitors and evaluates the realization of target
realisasi pencapaian target dan pelaksanaan strategi yang achievements and the implementation of predetermined
telah ditetapkan. Proses evaluasi terhadap pencapaian target strategies. The process is evaluated in stages, from work
dilakukan berjenjang mulai dari unit kerja sampai pada level unit to directorate level. The monitoring and evaluation
direktorat. Hasil pemantauan dan evaluasi tersebut menjadi results serve as input to assess the Company’s performance
masukan untuk menilai pencapaian kinerja Perseroan dan achievement and to improve future strategies.
perbaikan strategi di masa yang akan datang.
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Pencapaian
Realisasi 2025 Target 2025
Uraian Achievement Description
2025 Realization 2025 Target
(%)
Total Aset 15.871.202 15.377.111 103,21 Total Assets
Total Liabilitas 7.167.505 6.791.189 105,54 Total Liabilities
Total Dana Peserta 193.306 301.556 64,10 Total Participants’ Funds
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Pencapaian
Realisasi 2025 Target 2025
Uraian Achievement Description
2025 Realization 2025 Target
(%)
Total Ekuitas 8.510.391 8.284.366 102,73 Total Equity
Pendapatan 3.117.7501) 5.112.005 60,99 Income
Laba Tahun Berjalan 206.228 500.815 41,18 Income for the Year
1)
Disajikan mengikuti akun PSAK 104 dengan penyesuaian berdasarkan pada ketentuan IFRS 17. Pendapatan terdiri dari Pendapatan Asuransi, Pendapatan Ujrah, Pendapatan
Investasi - Neto, dan Pendapatan Lain-Lain. / Presented following PSAK 104 accounts with adjustments based on the provisions of IFRS 17. Revenue consists of Insurance
Revenue , Ujrah Income, Investment Income - Net, and Other Income.
Pencapaian Target yang Sejalan dengan Prinsip Targets Achieved in Line with Sustainable
Berkelanjutan pada Instrumen Keuangan Principles on Financial Instruments
Instrumen keuangan berkelanjutan menjadi salah satu fokus Sustainable finance instruments are one of the Company’s
strategis Perseroan dalam mendukung praktik investasi yang strategic focuses in supporting responsible and long‑term
bertanggung jawab dan berkesinambungan. Melalui subdana investment practices. Through Excellink Equity Bakti Peduli
Excellink Equity Bakti Peduli, yang mengacu pada saham- sub‑fund, which refers to stocks listed in SRI‑KEHATI Index and
saham di indeks SRI-KEHATI dan IDX ESG Leaders, Perseroan IDX ESG Leaders, the Company emphasizes the integration of
menekankan integrasi prinsip LST dalam portofolio investasinya. ESG principles into its investment portfolio.
SRI-KEHATI menilai perusahaan berdasarkan kinerja SRI‑KEHATI Index evaluates companies based on sustainability
keberlanjutan, kesadaran terhadap lingkungan dan sosial, performance, environmental and social awareness, as well
serta praktik GCG. Sementara IDX ESG Leaders menyeleksi as GCG practices. Meanwhile, IDX ESG Leaders Index selects
saham dengan risiko ESG terendah, sehingga subdana stocks with the lowest ESG risk, making this sub‑fund
ini menjadi sarana nyata bagi Perseroan untuk mencapai a tangible vehicle for the Company to achieve a balance
keseimbangan antara kinerja finansial dan kontribusi positif between financial performance and positive contributions to
terhadap masyarakat dan lingkungan. society and the environment.
(disajikan dalam miliar Rupiah, kecuali dinyatakan lain / expressed in billion Rupiah, unless specified otherwise)
Uraian 2025 2024 2023 Description
Total Aset Investasi 13.529 12.924 13.209 Total Investment Assets
Excellink Equity Bakti Peduli 541 740 678 Excellink Equity Bakti Peduli
Persentase dari Total Aset Investasi Percentage of Total Investment
3,99 5,72 5,13
Perseroan (%) Assets (%)
Keterangan / Note:
Pengelolaan dilakukan secara agregat pada tingkat portofolio Unit Link, sehingga tidak terdapat penetapan target kinerja pada masing-masing sub-dana. / Management is
carried out aggregately at Unit Link portfolio level, so there are no performance targets set for each sub-fund.
Distribusi Nilai Ekonomi Economic Value Distribution
Keberlangsungan usaha Perseroan tidak hanya menghimpun The Company’s business sustainability is not solely aimed at
nilai keuangan untuk mengejar profitabilitas, melainkan juga generating financial value for profitability, but also at delivering
untuk memberikan manfaat finansial secara adil dan berimbang fair and balanced financial benefits to all stakeholders. Its
kepada seluruh pemangku kepentingan. Pendistribusiannya distribution is carried out through mechanisms tailored
dilakukan melalui mekanisme yang disesuaikan dengan to the nature of each stakeholder relationship, as part of
hubungan masing-masing pihak, sebagai bagian dari upaya the Company’s efforts to strengthen corporate transparency
memperkuat transparansi korporasi dan menegaskan peran and reaffirm its role in building an inclusive, sustainable, and
Perseroan dalam membangun ekosistem ekonomi yang mutually beneficial economic ecosystem.
inklusif, berkelanjutan, dan saling menguntungkan.
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Uraian 2025 2024 2023 Description
Nilai Ekonomi Langsung yang Dihasilkan 5.251.228 4.094.798 3.637.612 Direct Economic Value Generated
Penerimaan dari Premi, Ujrah, Komisi Income from Premiums, Ujrah, Reinsurance
4.531.228 3.338.854 2.907.173
Reasuransi dan Klaim, serta Lain-lain Commission and Claims, and Others
Hasil Investasi 718.310 754.410 728.770 Investment Return
Penerimaan atas Penjualan Aset Tetap 1.690 1.534 1.669 Income on Fixed Asset Sales
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(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Uraian 2025 2024 2023 Description
Nilai Ekonomi yang Didistribusikan 4.402.061 4.048.752 4.175.624 Economic Value Distributed
Pembayaran untuk Klaim dan Manfaat 2.634.073 2.701.728 2.575.703 Payment of Claims and Benefits
Beban Operasi 640.389 470.784 420.636 Operating Expenses
Komisi dan Tunjangan Agen 702.063 742.954 767.346 Agent Commissions and Allowances
Premi Reasuransi 37.735 25.984 17.698 Reinsurance Premiums
Imbalan Kerja Karyawan 1.133 1.333 837 Employee Benefits
Biaya Perolehan Aset Tetap 5.767 5.852 2.137 Acquisition Cost of Fixed Assets
Biaya Perolehan Aset Tak Berwujud 35.651 10.858 8.826 Acquisition Cost of Intangible Assets
Pembayaran Dividen 336.000 79.800 371.700 Dividend Payment
Pembayaran Liabilitas Sewa 9.250 9.459 10.741 Payment of Lease Liability
Nilai Ekonomi yang Ditahan 9.653.289 46.046 (538.012) Economic Value Retained
Keberlanjutan Aspek Sosial
Social Sustainability
Perseroan menekankan penguatan aspek sosial dimulai dari The Company emphasizes strengthening social aspects,
internal, dengan fokus pada kesejahteraan, pengembangan starting internally, with a focus on employee welfare,
kompetensi, dan lingkungan kerja yang inklusif bagi seluruh competency development, and an inclusive work environment
karyawan. Pendekatan ini dilanjutkan melalui pemberdayaan for all employees. This approach is extended through
masyarakat dan kolaborasi dengan mitra, termasuk pemasok, community empowerment and collaboration with partners,
untuk mendorong praktik yang bertanggung jawab dan including suppliers, to encourage responsible and sustainable
berkelanjutan. Dengan strategi yang terukur dan konsisten, practices. With a measured and consistent strategy,
Perseroan berupaya menciptakan dampak sosial yang the Company strives to create tangible and lasting social
nyata, berkesinambungan, serta selaras dengan kebutuhan impact that aligns with the needs and aspirations of
dan aspirasi pemangku kepentingan di seluruh ekosistem stakeholders across its operational ecosystem.
operasionalnya.
Tanggung Jawab terhadap Nasabah Responsibility to Customers
Komitmen Pelayanan yang Setara Equal Service Commitment
Perseroan menempatkan kesetaraan layanan sebagai prinsip The Company places service equality as a core principle in its
utama dalam interaksi dengan seluruh nasabah, termasuk interactions with all customers, including groups requiring
kelompok yang membutuhkan perhatian khusus. Dalam upaya special attention. In its effort to become a Trusted Partner,
menjadi Trusted Partner, Perseroan menghadirkan layanan the Company provides professional, reliable, and responsive
yang profesional, andal, dan responsif, sekaligus membangun services while building trust through transparency and
kepercayaan melalui transparansi dan perlindungan yang adequate protection.
memadai.
Seluruh produk yang ditawarkan telah terdaftar dan disetujui All products offered have been registered and approved by
oleh Otoritas Jasa Keuangan setelah melalui proses verifikasi the Financial Services Authority after undergoing a thorough
yang menyeluruh, memastikan kesesuaian dengan ketentuan verification process, ensuring compliance with regulatory
regulasi dan standar industri. Informasi terkait risiko, requirements and industry standards. Information on risks,
manfaat, dan hak-hak nasabah pun disampaikan secara jelas benefits, and customer rights is communicated clearly and
dan terbuka, disertai pendampingan dalam memahami profil transparently, accompanied by guidance to help customers
risiko, kemampuan finansial, serta kebutuhan perlindungan understand their risk profiles, financial capacity, and protection
masing-masing nasabah. Pendekatan ini memastikan setiap needs. This approach ensures that every customer receives
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nasabah memperoleh layanan yang setara, aman, dan equal, safe, and valuable service throughout the policy period,
bernilai sepanjang masa polis berjalan, sejalan dengan tujuan in line with the goal of optimal financial protection.
perlindungan finansial yang optimal.
Inovasi dan Pengembangan Produk Innovation and Development of Products
dan/atau Jasa and/or Services
Inovasi dan pengembangan produk senantiasa menjadi fokus Innovation and product development remain a key focus
utama Perseroan dalam memperkuat daya saing sekaligus for the Company in strengthening competitiveness while
meningkatkan nilai tambah bagi nasabah. Setiap inisiatif enhancing value for customers. Each initiative is carried out
dilakukan secara terukur melalui riset pasar, pemanfaatan in a measured manner through market research, utilization
teknologi digital, serta penyelarasan terhadap kebutuhan of digital technology, and alignment with the evolving
perlindungan finansial masyarakat yang terus berkembang. financial protection needs of society. This approach reflects
Pendekatan ini mencerminkan komitmen Perseroan untuk the Company’s commitment to delivering insurance solutions
menghadirkan solusi asuransi yang relevan, adaptif, dan that are relevant, adaptive, and sustainability‑oriented.
berorientasi pada keberlanjutan. Produk unggulan yang Flagship products launched in 2025 were among others:
diluncurkan pada tahun 2025 antara lain:
SURE SMART SUCURE SALAMAH
Smile Ultima Smile Wealth Smile Critical Smile Plan
Term Life Protection Ultima Care Maxima Syariah
Peluncuran keempat produk tersebut memperkuat portofolio The launch of these four products strengthens the Company’s
solusi Perseroan dengan menghadirkan keseimbangan antara solution portfolio by delivering a balanced combination of
perlindungan jiwa, perencanaan kekayaan, dan keamanan life protection, wealth planning, and health security through
kesehatan melalui struktur manfaat yang fleksibel serta flexible benefit structures tailored to modern customers’
relevan dengan kebutuhan nasabah modern. needs.
Inovasi tersebut semakin diperkuat melalui kehadiran Fortify This innovation is further enhanced by the introduction
by MSIG Life sebagai platform asuransi jiwa digital yang of Fortify by MSIG Life as a digital life insurance platform
dirancang dengan akses yang lebih sederhana, fleksibel, dan designed to provide simpler, more flexible, and personalized
personal. Platform ini memperluas jangkauan perlindungan access. This platform expands protection coverage for
bagi individu dan keluarga di seluruh Indonesia, khususnya individuals and families across Indonesia, particularly younger
generasi muda yang membutuhkan solusi adaptif di setiap generations who require adaptive solutions at every stage of
tahap kehidupan, mulai dari memulai karier, membangun life, starting from early career, building a family, to planning
keluarga, hingga merencanakan masa depan. for the future.
Selain menghadirkan kemudahan akses, Fortify by MSIG Life Beyond improving accessibility, Fortify by MSIG Life also
juga berkontribusi dalam meningkatkan literasi dan kesadaran contributes to enhancing financial literacy and awareness of
perencanaan keuangan. Secara keseluruhan, inisiatif ini financial planning. Overall, this initiative reflects the Company’s
mencerminkan komitmen Perseroan terhadap inovasi digital, commitment to digital innovation, financial inclusion, and
inklusi keuangan, serta pengembangan solusi perlindungan the development of customer-oriented protection solutions.
yang berorientasi pada kebutuhan nasabah.
Dampak Produk dan/atau Jasa Impact of Products and/or Services
Perseroan memastikan bahwa setiap produk dan layanan tidak The Company ensures that every product and service delivers
hanya memberikan nilai finansial, tetapi juga menciptakan not only financial value but also positive impacts on customers’
dampak positif bagi keberlanjutan sosial dan ekonomi nasabah. social and economic sustainability. Each stage of product
Setiap tahapan pengembangan produk memperhatikan development considers the balance between protection
keseimbangan antara manfaat perlindungan, kemampuan benefits, customers’ financial capacity, and potential risks that
finansial nasabah, serta potensi risiko yang mungkin timbul. may arise. Through this approach, the Company strives to help
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Melalui pendekatan ini, Perseroan berupaya membantu customers build long‑term financial resilience while raising
nasabah membangun ketahanan keuangan jangka panjang awareness of the importance of protection planning.
sekaligus meningkatkan kesadaran terhadap pentingnya
perencanaan proteksi.
Selain itu, seluruh produk Perseroan dirancang untuk Furthermore, all Company products are designed to promote
mendorong literasi keuangan dan inklusi asuransi, terutama financial literacy and insurance inclusion, particularly for
bagi kelompok masyarakat yang sebelumnya belum tersentuh communities previously underserved by formal protection
layanan proteksi formal. Dampak keberlanjutan juga services. Sustainability impact is also realized through
diwujudkan melalui produk berbasis investasi yang mengacu investment‑based products linked to ESG‑oriented indices,
pada indeks berwawasan LST, sehingga nilai yang tercipta tidak thus, the value created is not only felt by individuals, but also
hanya dirasakan oleh individu, tetapi turut berkontribusi pada contributes to green and sustainable economic growth in
pertumbuhan ekonomi hijau dan berkelanjutan di Indonesia. Indonesia.
Evaluasi Produk dan/atau Jasa Evaluation of Products and/or Services
Evaluasi berkala menjadi langkah penting bagi Perseroan dalam Regular evaluation is an important step for the Company to
memastikan setiap produk dan layanan senantiasa relevan, ensure that every product and service remains relevant, safe,
aman, dan sesuai kebutuhan nasabah. Setelah peluncuran and aligned with customer needs. Following product launches,
dilakukan, proses peninjauan menyeluruh diterapkan untuk comprehensive reviews are conducted to assess effectiveness
menilai efektivitas serta kepatuhan terhadap standar yang and compliance with applicable standards. This approach
berlaku. Pendekatan ini tidak hanya berfungsi sebagai bentuk not only serves as a risk‑mitigation measure but also reflects
mitigasi risiko, tetapi juga mencerminkan komitmen Perseroan the Company’s commitment to maintaining the quality and
untuk menjaga kualitas dan keandalan setiap solusi yang reliability of every solution offered.
ditawarkan.
Produk dan/atau Jasa yang Ditarik Kembali Recalled Product and/or Services
Perseroan menjalankan mekanisme pengawasan menyeluruh The Company implements comprehensive monitoring
terhadap seluruh produk dan layanan yang dipasarkan, guna mechanisms for all marketed products and services to ensure
memastikan kesesuaian dengan ketentuan Otoritas Jasa compliance with Financial Services Authority requirements
Keuangan serta standar perlindungan konsumen yang berlaku. and prevailing consumer protection standards. Evaluations
Evaluasi dilakukan secara berkala melalui proses peninjauan are conducted regularly through product reviews covering
produk, mencakup aspek manfaat, risiko, kejelasan informasi, benefits, risks, information clarity, and regulatory compliance.
dan kepatuhan terhadap regulasi. Langkah ini merupakan This step is part of the Company’s efforts to maintain service
bagian dari upaya Perseroan dalam menjaga kualitas layanan quality while ensuring that every product in circulation
sekaligus memastikan bahwa setiap produk yang beredar remains relevant, safe, and aligned with customer needs.
tetap relevan, aman, dan sesuai dengan kebutuhan nasabah.
Selama tahun 2025, terdapat sebanyak 7 produk yang ditarik In 2025, a total of 7 products were withdrawn following
kembali setelah melalui proses evaluasi dan persetujuan evaluation and regulatory approval in accordance with
regulator sesuai prosedur yang berlaku. applicable procedures.
Survei Kepuasan Nasabah Customer Satisfaction Survey
Perseroan melaksanakan survei Net Promoter Score (NPS) The Company conducts a Net Promoter Score (NPS) survey for
kepada seluruh nasabah individu untuk mengukur tingkat all individual customers to measure satisfaction and loyalty
kepuasan dan loyalitas terhadap layanan yang diberikan. toward the services provided. The survey is automatically
Survei dilakukan secara otomatis setelah transaksi selesai distributed after transactions are completed, ensuring that
diproses, sehingga umpan balik yang diperoleh mencerminkan feedback reflects customers’ actual experiences. The latest
pengalaman aktual nasabah. Hasil pengukuran terbaru survey results indicate a relatively high level of satisfaction,
menunjukkan tingkat kepuasan yang tergolong baik dan which serves as a basis for the Company to continuously
menjadi dasar bagi Perseroan untuk melakukan perbaikan improve its services.
layanan secara berkelanjutan.
Sarana Pengaduan Nasabah Customer Complaint Channel
Perseroan menyediakan berbagai sarana pengaduan yang The Company provides various accessible complaint channels
mudah diakses sebagai wujud tanggung jawab dalam menjaga as a form of responsibility in maintaining customer trust and
kepercayaan dan kepuasan nasabah. Melalui saluran komunikasi satisfaction. Through integrated communication channels,
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yang terintegrasi, setiap keluhan, masukan, maupun laporan every complaint, input, or report related to products and
terkait produk dan layanan dapat disampaikan secara terbuka services can be submitted openly, ensuring that every
untuk memastikan setiap suara nasabah tersampaikan dan customer’s voice is heard and followed up appropriately.
ditindaklanjuti secara tepat.
Saluran Pengaduan
Complaint Channels
(021) 5060 9999 Senin-Jumat / Monday-Friday
(021) 2650 8300 08.00 - 17.00 WIB / 8 AM - 5 PM GMT+7
Senin-Jumat / Monday-Friday
088 1234 1088
08.00 - 17.00 WIB / 8 AM - 5 PM GMT+7
www.msiglife.co.id
dengan memilih menu “Hubungi Kami” / by clicking on menu “Contact Us”
Alamat Kantor Pusat
Head Office Address
Nasabah Perorangan Nasabah Asuransi Kumpulan
Sinarmas Land Plaza Sudirman Lt. 6
Individual Customers Corporate Customers
Jl. Jend. Sudirman Kav. 21
Jakarta Selatan 12920 cs@msiglife.co.id groupcs@msiglife.co.id
Dalam penanganannya, pengaduan nasabah dibedakan In handling customer complaints, the Company classifies
ke dalam dua kategori. Pertama, pengaduan secara lisan, complaints into two categories. First, verbal complaints,
yang diterima melalui saluran telepon resmi Perseroan dan which are received through the Company’s official telephone
ditangani dalam jangka waktu maksimal 5 hari kerja. Kedua, channels and are addressed within a maximum period of
pengaduan secara tertulis, yang dikelola melalui sistem 5 business days. Second, written complaints, which are
terdokumentasi dan mengacu pada Service Level Agreement managed through a documented system and governed by
(SLA) sebagaimana diuraikan berikut ini: a Service Level Agreement (SLA), as outlined below:
Nasabah
Customers
Surat Situs Web
E-mail
Mail Website
1. Menerima keluhan dan memberikan respon selambat- 1. Receive and respond to complaints no later than
lambatnya 3 hari kerja. 3 business days.
2. Mencatat keluhan dalam sistem penanganan 2. Record complaints in the complaint management
pengaduan. system.
3. Penanganan keluhan (koordinasi internal). 3. Handle complaints (internal coordination).
4. Penyelesaian pengaduan nasabah. 4. Solve customer complaints.
SLA Penanganan Pengaduan Nasabah: 10 Hari Kerja, dan Dapat Diperpanjang 10 Hari
Kerja Berikutnya dengan Pemberitahuan
SLA of Customer Complaint Management: 10 Working Days, and Extendable for
Another 10 Working Days with Prior Notification
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Jumlah Pengaduan Number of Complaints
Selama 3 tahun terakhir, jumlah pengaduan dari nasabah yang Over the past 3 years, the number of complaints from
diterima Perseroan sebagai berikut: customers received by the Company is as follows:
Uraian 2025 2024 2023 Description
Sedang Ditindaklanjuti 36 1 - On Follow-up
Selesai 544 410 589 Completed
Jumlah 580 411 589 Total
Tanggung Jawab terhadap Karyawan Responsibility to Employees
Ketenagakerjaan Employment
Sumber Daya Manusia (SDM) merupakan fondasi utama Human Resources (HR) serves as the key foundation that
yang menopang keberlanjutan usaha Perseroan, sebagai supports the Company’s business sustainability, acting as
mitra strategis dalam membangun organisasi yang adaptif, a strategic partner in building an adaptive, integrity‑driven
berintegritas, dan berorientasi pada pertumbuhan jangka organization oriented toward long‑term growth.
panjang. Seluruh kebijakan dan inisiatif ketenagakerjaan All employment policies and initiatives are directed at creating
diarahkan untuk menciptakan lingkungan kerja yang sehat, a healthy and inclusive work environment, while fostering
inklusif, serta mendukung pengembangan kompetensi agar competency development to enable each individual to grow in
setiap individu dapat berkembang sejalan dengan tujuan line with the Company’s sustainability objectives.
berkelanjutan Perseroan.
Pada tahun 2025, jumlah karyawan Perseroan meningkat In 2025, the number of Company employees increased
dibandingkan tahun sebelumnya, dari 517 karyawan menjadi compared to that of the previous year, from 517 employees to
521 karyawan. Peningkatan ini disebabkan oleh pemenuhan 521 employees. This increase was driven by the fulfillment of
kebutuhan organisasi sepanjang tahun 2025. organizational needs throughout 2025.
(dalam orang / in people)
2025 2024 2023
Uraian Pria Wanita Pria Wanita Pria Wanita Description
Total Total Total
Male Female Male Female Male Female
Berdasarkan Tingkat Jabatan By Position Level
Board of Board of
8 2 10 9 2 11 8 2 10
Management Management
Senior General Senior General
10 2 12 9 2 11 10 2 12
Manager Manager
General Manager 11 11 22 8 8 16 8 6 14 General Manager
Senior Manager 30 17 47 24 17 41 16 17 33 Senior Manager
Manager 46 38 84 45 27 72 41 22 63 Manager
Assistant Manager 45 42 87 46 42 88 48 42 90 Assistant Manager
Senior Executive 35 44 79 33 44 77 31 40 71 Senior Executive
Executive 52 62 114 50 62 112 59 73 132 Executive
Senior Associate 20 41 61 27 47 74 38 64 102 Senior Associate
Associate 3 2 5 6 9 15 13 19 32 Associate
Total 260 261 521 257 260 517 272 287 559 Total
Berdasarkan Usia By Age
21-30 tahun 53 66 119 55 60 115 72 77 149 21-30 years old
31-40 tahun 115 111 226 114 121 235 113 139 252 31-40 years old
41-50 tahun 75 71 146 74 70 144 75 63 138 41-50 years old
>50 tahun 17 13 30 14 9 23 12 8 20 >50 years old
Total 260 261 521 257 260 517 272 287 559 Total
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(dalam orang / in people)
2025 2024 2023
Uraian Pria Wanita Pria Wanita Pria Wanita Description
Total Total Total
Male Female Male Female Male Female
Berdasarkan Tingkat Pendidikan By Educational Level
Sekolah Menengah
7 5 12 6 5 11 9 10 19 High School
Atas
Diploma I - 2 2 - 2 2 - 2 2 1-Year Diploma
Diploma II - 1 1 - 2 2 - 2 2 2-Year Diploma
Diploma III 30 33 63 34 37 71 34 42 76 3-Year Diploma
Diploma IV - 1 1 1 1 2 1 4 5 4-Year Diploma
Strata I 200 207 407 192 202 394 211 216 427 Bachelor’s Degree
Strata II 23 12 35 24 11 35 17 11 28 Master’s Degree
Total 260 261 521 257 260 517 272 287 559 Total
Berdasarkan Status Ketenagakerjaan By Employment Status
Tetap 238 240 478 230 226 456 233 222 455 Permanent
Kontrak 22 21 43 27 34 61 39 65 104 Contract
Total 260 261 521 257 260 517 272 287 559 Total
Kesetaraan Kesempatan Bekerja Equal Employment Opportunity
Perseroan menghargai keberagaman dan menjunjung tinggi The Company values diversity and upholds the principle
prinsip kesetaraan tanpa memandang gender, ras, agama, of equality regardless of gender, race, religion, or political
atau pandangan politik. Perseroan memastikan setiap individu views. The Company ensures that every individual has
memperoleh kesempatan yang sama untuk berkontribusi, equal opportunities to contribute, develop competencies,
mengembangkan kompetensi, dan meniti karier secara adil and pursue a career in a fair and transparent manner.
dan transparan. Lingkungan kerja yang inklusif dibangun An inclusive work environment is fostered through
melalui kebijakan ketenagakerjaan yang mendorong employment policies that encourage equal participation across
partisipasi setara di seluruh lini organisasi, baik dalam proses all levels of the organization, whether in recruitment, training,
rekrutmen, pelatihan, maupun promosi jabatan. Penerapan or promotion. The implementation of equality principles
prinsip kesetaraan ini mencerminkan keyakinan bahwa reflects the belief that diversity is a key foundation for
keberagaman merupakan fondasi penting bagi terciptanya innovation and sustainable performance, as illustrated in
inovasi dan kinerja berkelanjutan, sebagaimana ditunjukkan the following table:
pada tabel berikut:
2025 2024 2023
Uraian Pria Wanita Pria Wanita Pria Wanita Description
Male Female Male Female Male Female
Employees in
Karyawan Menempati Posisi
59 42 50 29 42 27 the Board of Directors and
Direksi dan Senior Manajer
Senior Manager Positions
Karyawan yang Direkrut 41 46 45 46 69 54 Recruited Employees
Karyawan Penyandang
- 1 - 1 - 1 Employees with Disabilities
Disabilitas
Karyawan yang Memperoleh
20 28 26 25 17 8 Promoted Employees
Promosi
Di samping itu, Perseroan senantiasa menerapkan Furthermore, the Company consistently applies HR
pengelolaan SDM yang berlandaskan prinsip kesetaraan dan management grounded in the principles of equality and
keberlanjutan. Pengelompokan karyawan berdasarkan gender sustainability. Employee grouping by gender is carried out
dilakukan untuk memastikan keterwakilan yang seimbang to ensure balanced representation of male and female
antara pria dan wanita di seluruh jenjang organisasi, mulai dari employees across all organizational levels, from entry‑level
entry-level hingga executive-level. Langkah ini menjadi bagian to executive‑level positions. This step forms part of
dari upaya menciptakan lingkungan kerja yang inklusif, adil, the Company’s efforts to create a work environment
dan terbuka terhadap keberagaman. Selain itu, Perseroan juga that is inclusive, fair, and open to diversity. Furthermore,
memperhatikan distribusi karyawan berdasarkan kelompok the Company also considers the distribution of employees
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usia di setiap level jabatan sebagai cerminan keseimbangan by age group at each job level as a reflection of demographic
demografis dan kesinambungan regenerasi talenta. Rincian balance and the continuity of talent regeneration. Details of
distribusi karyawan berdasarkan gender dan usia tahun 2025 employee distribution based on gender and age in 2025 are
disajikan pada tabel berikut: presented in the following table:
Level Jabatan Total
Position Level Karyawan
Rentang Usia (Orang)
Entry-level Mid-level Senior-level Executive-level
Age Range Total
Pria Wanita Pria Wanita Pria Wanita Pria Wanita Employee
Male Female Male Female Male Female Male Female (People)
>55 Tahun
- - - - 2 1 1 - 4
>55 Years Old
46-55 Tahun
8 8 13 14 10 9 5 2 69
46-55 Years Old
36-45 Tahun
30 44 50 38 34 13 3 - 212
36-45 Years Old
26-35 Tahun
59 75 28 28 4 7 - - 201
26-35 Years Old
18-25 Tahun
13 22 - - - - - - 35
18-25 Years Old
Total 110 149 91 80 50 30 9 2 521
% 21,11 28,60 17,47 15,36 9,60 5,76 1,73 0,38 100,00
Pekerja Lainnya Other Workers
Perseroan membuka peluang magang bagi mahasiswa dan The Company offers internship opportunities for university
lulusan baru sebagai bagian dari komitmen pengembangan students and recent graduates as part of its commitment
talenta muda di industri asuransi. Program ini dirancang untuk to developing young talent in the insurance industry.
memberikan pengalaman kerja nyata, pemahaman mendalam This program is designed to provide real work experience,
mengenai praktik bisnis asuransi, serta keterampilan in‑depth understanding of insurance business practices,
profesional yang relevan dengan dunia kerja. Peserta and professional skills relevant to the workplace. Interns
magang ditempatkan di berbagai divisi sesuai minat dan are placed across various divisions according to their
bidang studinya, dengan bimbingan langsung dari mentor interests and fields of study, with direct guidance from
berpengalaman agar dapat mengoptimalkan potensi. Melalui experienced mentors to maximize their potential. Through
program ini, Perseroan turut mendukung peningkatan this program, the Company supports the capacity building of
kapasitas generasi muda Indonesia sekaligus memperkuat Indonesia’s youth while strengthening the competitiveness of
ekosistem tenaga kerja yang berdaya saing. Pada tahun the workforce ecosystem. In 2025, a total of 53 participants
2025, terdapat sebanyak 53 peserta yang mengikuti program joined the Company’s internship program.
magang di Perseroan.
Tenaga Kerja Anak dan Tenaga Kerja Paksa Child Labor and Forced Labor
Kebijakan ketenagakerjaan Perseroan dirancang dengan The Company’s employment policies are designed with
prinsip kejelasan dan kepatuhan terhadap regulasi, termasuk clarity and strict compliance with regulations, including
penetapan batas usia dan waktu kerja karyawan. Perseroan the establishment of age and working hour requirements.
menerapkan usia minimal 18 tahun bagi calon karyawan serta The Company enforces a minimum age of 18 for prospective
menetapkan ketentuan jam kerja yang wajar bagi seluruh employees and sets reasonable working hours for all staff to
pegawai untuk mencegah praktik kerja paksa. Penerapan prevent forced labor practices. The implementation of this
kebijakan ini berjalan efektif sepanjang tahun pelaporan, policy has been effective throughout the reporting year, as
tercermin dari tidak ditemukannya kasus pekerja anak maupun reflected in the absence of child labor or forced labor cases
kerja paksa di lingkungan Perseroan. within the Company.
Upah Minimum Regional Regional Minimum Wage
Perseroan memastikan setiap karyawan memperoleh The Company ensures that all employees receive fair
remunerasi dan kompensasi yang layak sesuai dengan hak remuneration and compensation in line with their rights
serta tanggung jawabnya. Adapun penetapan tingkat upah and responsibilities. The wage levels are determined with
dilakukan dengan mengacu pada kebijakan internal dan reference to internal policies and government regulations
ketentuan pemerintah terkait Upah Minimum Provinsi (UMP). related to Provincial Minimum Wage (UMP). Throughout 2025,
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Sepanjang tahun 2025, standar upah di seluruh 14 wilayah wage standards across all 14 of the Company’s operational
operasional Perseroan tercatat berada di atas batas minimum regions remained above the regional minimum threshold,
regional, mencerminkan komitmen perusahaan dalam menjaga reflecting the Company’s commitment to maintaining
kesejahteraan dan apresiasi yang adil bagi setiap karyawan. employee welfare and ensuring fair appreciation for all staff.
Pelatihan dan Pengembangan Employee Training and Development
Kemampuan Karyawan
Untuk membangun SDM yang unggul, Perseroan In order to build superior HR, the Company implements
melaksanakan program pelatihan yang disesuaikan dengan training programs tailored to the needs of each position.
kebutuhan setiap jabatan. Program tersebut diselenggarakan These programs are conducted continuously and cover both
secara berkesinambungan mencakup pengembangan soft and hard skills. In 2025, the Company carried out a wide
soft skill maupun hard skill. Pada tahun 2025, Perseroan range of development programs reaching employees across
telah melaksanakan beragam program pengembangan yang different levels and business units. Among these initiatives,
menjangkau berbagai level karyawan dan unit kerja. Dari the following are 5 flagship programs that not only serve
sekian banyak inisiatif, berikut ini merupakan 5 program as catalysts for improving human resource quality, but also
unggulan yang tidak hanya menjadi katalis peningkatan record the widest employee participation, among others:
kualitas SDM, tetapi juga mencatat partisipasi karyawan yang
paling luas, di antaranya:
1. Artificial Intelligence Training Series oleh pihak eksternal; 1. Artificial Intelligence Training Series conducted by
external parties;
2. Sales Leadership Capabilities oleh pihak eksternal; 2. Sales Leadership Capabilities conducted by external
parties;
3. Regulatory Training and Certification Program oleh pihak 3. Regulatory Training and Certification Program conducted
eksternal; by external parties;
4. MS&AD Global Training Program oleh Head Quarter; dan 4. MS&AD Global Training Program conducted by
the Headquarters; and
5. Self-Learning: Compliance and Governance Mandatory 5. Self-Learning: Compliance and Governance Mandatory
Training oleh internal resources. Training conducted through internal resources
Sepanjang periode tersebut, rata-rata jam pelatihan yang During this period, employees received an average of 16 training
diterima karyawan mencapai 16 jam per orang, dengan hours per person, with a total of 582 employees, or 100% of
total 582 karyawan (termasuk karyawan yang sudah the workforce, participating in various development programs.
berhenti bekerja) atau 100% dari keseluruhan tenaga kerja To support these initiatives, the Company allocated a budget
berpartisipasi dalam berbagai program pengembangan. of Rp6,312,155,033 for education and training activities.
Untuk mendukung inisiatif ini, Perseroan mengalokasikan The implementation of competency programs is supervised by
anggaran sebesar Rp6.312.155.033,- bagi kegiatan pendidikan Human Capital in collaboration with Line Managers.
dan pelatihan. Pelaksanaan program kompetensi ini berada di
bawah tanggung jawab Human Capital bersama Manajer Lini.
Informasi lengkap program pelatihan dan pengembangan Comprehensive information on the training and development
yang diikuti karyawan Perseroan diuraikan sebagai berikut: programs attended by Company employees is presented as
follows:
Uraian 2025 2024 2023 Description
Jumlah Karyawan yang Mendapatkan
582 597 616 Number of Employees Receiving Training*
Pelatihan*
Jumlah Peserta Pelatihan 9.368 6.766 7.126 Number of Training Participants
Jumlah Peserta Pelatihan Daring 1.683 486 955 Number of Online Training Participants
Jumlah Peserta Pelatihan Tatap Muka 978 389 631 Number of In-Person Training Participants
Jumlah Peserta Pelatihan Mandiri 6.707 5.891 5.540 Number of Self-Paced Training Participants
* Setiap karyawan dapat mengikuti lebih dari 1 program pendidikan dan/atau pelatihan termasuk karyawan yang baru bergabung dan/atau telah selesai kontrak. /
Every employee can attend more than 1 training and/or development program including employees who have just joined and/or have completed their contracts.
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Pendidikan Aktuaris bagi Karyawan Actuarial Education for Employees
Perseroan memandang profesi aktuaris sebagai pilar The Company views the actuarial profession as a vital pillar
penting dalam menjaga ketepatan analisis risiko dan in ensuring accuracy of risk analysis and sustainability of
keberlanjutan bisnis asuransi. Untuk itu, Perseroan secara insurance business. Accordingly, the Company consistently
konsisten mendorong karyawan yang berpotensi di bidang encourages employees with potential in the actuarial field
aktuaria untuk mengikuti program pendidikan dan sertifikasi to participate in professional education and certification
profesional. Berikut rincian program pendidikan aktuaris yang programs. The following outlines the actuarial education
dilaksanakan Perseroan dalam 3 tahun terakhir: programs implemented by the Company over the past 3 years:
Actuarial Education for Employees
Uraian 2025 2024 2023 Description
Keberhasilan Pencapaian Program
9 5 6 Achievement of Development Program
Pengembangan
Karyawan Baru 5 4 5 New Employees
Sertifikasi Certifications
Pengembangan kompetensi karyawan tidak hanya difokuskan Employee competency development is focused not only
pada pelatihan internal, tetapi juga melalui perolehan on internal training but also on obtaining professional
sertifikasi profesional yang diakui secara nasional maupun certifications recognized both nationally and internationally.
internasional. Sertifikasi menjadi wujud nyata peningkatan Certification serves as tangible evidence of individual
kapasitas individu sekaligus memperkuat kredibilitas dan capacity enhancement while strengthening the credibility and
keandalan tenaga kerja Perseroan. Informasi seputar sertifikasi reliability of the Company’s employees. Information regarding
keahlian yang dimiliki karyawan Perseroan ditunjukkan the professional certifications held by the Company’s
sebagai berikut: employees is presented as follows:
Uraian 2025 2024 2023 Description
Ajun Ahli Asuransi Jiwa 27 27 29 Assistant Life Insurance Expert
Ahli Asuransi Indonesia Jiwa 3 2 2 Life Indonesia Insurance Expert
Fellow of the Society of Actuaries Fellow of the Society of Actuaries
9 6 6
of Indonesia of Indonesia
Associate of the Society of Actuaries Associate of the Society of Actuaries
3 8 7
of Indonesia of Indonesia
Ahli Manajemen Risiko Perusahaan 58 34 34 Enterprise Risk Management Expert
Wakil Manajer Investasi 7 5 4 Deputy Investment Manager
Human Resources Certification 13 13 15 Human Resources Certification
Manajemen Umum Dana Pensiun 2 2 3 Pension Fund General Management
Associate of Islamic Insurance 4 2 2 Associate of Islamic Insurance
Ahli Keselamatan dan Kesehatan General Occupational Health
1 1 1
Kerja Umum and Safety Expert
Jumlah 127 100 103 Total
Program Kegiatan Kebersamaan Karyawan Employee Gathering Activities
Kebersamaan menjadi salah satu fondasi penting dalam Togetherness is one of the key foundations in building
membangun budaya kerja yang harmonis dan produktif a harmonious and productive work culture within the Company.
di lingkungan Perseroan. Melalui berbagai kegiatan internal, Through various internal activities, the Company strives
Perseroan berupaya mempererat hubungan antar karyawan, to strengthen employee relationships, foster a sense of
menumbuhkan rasa memiliki, serta menciptakan lingkungan belonging, and create a positive and collaborative work
kerja yang positif dan kolaboratif. Beragam program environment. A variety of employee gathering programs
kebersamaan diselenggarakan sepanjang tahun 2025 were organized throughout 2025 as a means of reinforcing
sebagai sarana memperkuat nilai-nilai korporasi di setiap lini corporate values across all levels of the organization,
organisasi, sebagaimana diuraikan berikut ini: as outlined below:
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2025 Kickoff Employee Townhall:
All In, All Out
Kickoff Employee Townhall merupakan forum penyampaian
arah strategis Perseroan sepanjang tahun 2025 kepada seluruh
karyawan. Melalui sesi yang diselenggarakan secara hybrid,
seluruh karyawan diberikan pembekalan dan kesadaran terkait
perkembangan Artificial Intelligence di industri asuransi jiwa.
The Kickoff Employee Townhall served as a forum for communicating
the Company’s 2025 strategic direction to all employees. Through
a hybrid session, employees were provided with insights and
awareness regarding the development of Artificial Intelligence in
the life insurance industry.
MERIAH – MSIG Life Exciting Ramadhan Iftar
and Happiness
Kegiatan kebersamaan yang diselenggarakan di Bulan Suci
Ramadan sebagai bentuk apresiasi dan keterikatan Perseroan
dengan karyawan. Acara ini bertujuan mempererat tali
silaturahmi antar karyawan melalui momen berbuka puasa
bersama, tausiyah singkat, serta kegiatan lainnya.
This gathering activity was organized during the Holy Month
of Ramadan as a form of the Company’s appreciation and
engagement with employees. The event aimed to strengthen
relationships among employees through a communal iftar,
a short religious sermon, and other activities.
2025 Employee Outing Day: All In, All Out
Kegiatan kebersamaan di luar kota yang dirancang untuk
meningkatkan keterikatan, kerja sama tim, dan kesejahteraan
seluruh karyawan Perseroan. Acara ini diisi dengan berbagai
aktivitas outdoor, team building, dan malam apresiasi yang
bertujuan memperkuat hubungan lintas divisi dalam suasana yang
menyenangkan.
An out-of-town gathering designed to enhance engagement,
teamwork, and the overall well-being of the Company’s employees.
The event featured various outdoor activities, team-building
sessions, and an appreciation night to strengthen cross-division
relationships in an enjoyable atmosphere.
Kebijakan Hak Asasi Manusia Human Rights Policy
Perseroan menempatkan penghormatan terhadap Hak Asasi The Company places respect for Human Rights (HR) as
Manusia (HAM) sebagai bagian integral dari tata kelola dan an integral part of its governance and corporate culture.
budaya kerja perusahaan. Prinsip ini tercermin dalam setiap This principle is reflected in every policy and operational
kebijakan dan aktivitas operasional, mulai dari proses rekrutmen activity, starting from recruitment processes to daily working
hingga hubungan kerja sehari-hari. Perseroan memastikan relationships. The Company ensures that no practices violate
tidak adanya praktik yang melanggar martabat individu individual dignity, by upholding equality, fairness, and mutual
dengan menjunjung tinggi kesetaraan, keadilan, dan rasa saling respect throughout the workplace. The implementation of HR
menghormati di seluruh lingkungan kerja. Penerapan kebijakan policies is also reinforced through ongoing dissemination to
HAM juga diperkuat melalui sosialisasi berkelanjutan kepada all employees, ensuring that humanitarian values consistently
seluruh karyawan agar nilai-nilai kemanusiaan senantiasa menjadi serve as a guide in every action and decision‑making process.
pedoman dalam setiap tindakan dan pengambilan keputusan.
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Pada tahun 2025, terdapat tidak terdapat laporan pelanggaran In 2025, there were no reports of human rights violations in
HAM dalam operasional Perseroan. the Company’s operations.
Kebijakan Pencegahan Pelecehan Seksual Policy on the Prevention of Sexual Harassment
dan Diskriminasi and Discrimination
Berlandaskan komitmen terhadap lingkungan kerja yang aman, Grounded in its commitment to a safe, equal, and respectful
setara, dan saling menghormati, Perseroan telah menetapkan work environment, the Company has established specific
ketentuan khusus yang tertuang dalam Surat Keputusan Hak provisions outlined in the Human Rights Decision Letter.
Asasi Manusia. Kebijakan ini dirancang untuk melindungi seluruh This policy is designed to protect all employees from any
karyawan dari segala bentuk tindakan yang dapat merugikan actions that may cause physical, emotional, or professional
secara fisik, emosional, maupun profesional. Perlindungan harm. Protection includes the prevention of sexual
tersebut mencakup pencegahan terhadap pelecehan seksual, harassment as well as all forms of discrimination based on
serta segala bentuk diskriminasi yang didasarkan pada gender, gender, race, religion, or other personal conditions. Through
ras, agama, maupun kondisi pribadi lainnya. Melalui penerapan the implementation of this policy, the Company ensures
kebijakan ini, Perseroan memastikan terciptanya budaya kerja the creation of a workplace culture that respects human
yang menghargai martabat manusia dan menjunjung tinggi dignity and upholds equality principles across all levels of
prinsip kesetaraan di seluruh tingkatan organisasi. the organization.
Program Pensiun Pension Program
Perseroan memastikan kesejahteraan karyawan berlanjut The Company ensures that employee welfare continues into
hingga masa purna tugas melalui program pensiun yang selaras retirement through a pension program aligned with labor
dengan ketentuan ketenagakerjaan. Karyawan memasuki regulations. Employees retire at the age of 55 and are enrolled
masa pensiun pada usia 55 tahun dan terdaftar dalam in the Retirement Security program by BPJS Ketenagakerjaan
program Jaminan Pensiun BPJS Ketenagakerjaan, sebagai (Employment), reflecting the Company’s commitment to
bentuk komitmen terhadap perlindungan dan keberlanjutan protection and the sustainability of welfare beyond the end
kesejahteraan setelah masa kerja berakhir. of employment.
Uraian 2025 2024 2023 Description
Jumlah Penerima Program Pensiun Number of Pension Program Beneficiaries
- 1 4
pada Usia 55 Tahun at the Age of 55 Years Old
Jumlah Peserta Program Pensiun 470 503 431 Number of Pension Program Participants
Penilaian Kinerja Karyawan Employee Performance Assessment
Penilaian kinerja di Perseroan dirancang sebagai proses The Company’s performance assessment is designed as
kolaboratif yang mendorong pertumbuhan setiap individu. a collaborative process that encourages the growth of
Sistem E-KPI digunakan untuk menilai pencapaian secara every individual. The E‑KPI system is used to objectively
objektif sekaligus membuka ruang refleksi dan dialog yang assess achievements while also providing space for
membangun. Dari hasil evaluasi tersebut, perusahaan menata constructive reflection and dialogue. Based on the evaluation
langkah pengembangan melalui peningkatan kompetensi, results, the Company develops improvement measures
perencanaan karier, serta pemberian penghargaan berbasis through competency development, career planning, and
kinerja. Apabila ditemukan potensi yang belum optimal, performance‑based rewards. Where potential is identified as
program pembinaan dan pelatihan disiapkan agar setiap not yet fully optimized, coaching and training programs are
karyawan dapat terus berkembang dan memberikan kontribusi prepared to ensure that every employee continues to grow
terbaik bagi perusahaan. and deliver their best contributions to the Company.
Selama kurun waktu 3 tahun, rata-rata hasil kinerja karyawan Over the past 3 years, the average employee performance
dinyatakan “Baik”. results have been rated as “Good”.
Tingkat Pergantian Karyawan Employee Turnover Rate
Bagi Perseroan, tingkat pergantian karyawan mencerminkan For the Company, the employee turnover rate reflects
dinamika kesejahteraan dan kepuasan kerja di lingkungan the dynamics of employee welfare and job satisfaction
perusahaan. Setiap perubahan dianalisis secara cermat untuk within the organization. Each change is carefully analyzed
menangkap pola yang muncul dan menjadi dasar dalam to identify emerging patterns and to serve as the basis for
memperkuat strategi retensi. Dari hasil pemantauan tersebut, strengthening retention strategies. From these monitoring
dirumuskan langkah-langkah peningkatan kesejahteraan serta results, measures are formulated to improve welfare and to
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pembentukan lingkungan kerja yang mampu menumbuhkan foster a work environment that nurtures a sense of belonging
rasa memiliki dan keberlanjutan. Data terkait tingkat and sustainability. Data related to employee turnover in 2025
perputaran karyawan tahun 2025 ditunjukkan sebagai berikut: is presented as follows:
Total
Karyawan
Uraian % Description
Total
Employee
Total yang Berhenti Kerja/Pemutusan
74 15,85 Total Resignations/Terminations of Employment
Hubungan Kerja
Jumlah Karyawan Baru/Pengganti 87 18,63 Number of New Employees/Replacements
Jumlah Tenaga Kerja Sementara Number of Temporary Employees
Perseroan memanfaatkan tenaga kerja sementara melalui The Company engages temporary employees through
kerja sama dengan perusahaan penyedia jasa outsource untuk partnerships with outsourcing service providers to support
mendukung kelancaran kegiatan operasional. Setiap bentuk the smooth execution of operational activities. Each
kerja sama dijalankan secara selektif dengan memperhatikan collaboration is carried out selectively, with careful
kesesuaian kompetensi, kepatuhan terhadap ketentuan consideration of competency alignment, compliance with labor
ketenagakerjaan, serta pemenuhan hak dan perlindungan bagi regulations, and the fulfillment of rights and protections for
seluruh pekerja alih daya. Berikut ini diuraikan perbandingan all outsourced workers. The following outlines a comparison
tenaga kerja sementara di 2 tahun terakhir: of temporary employees over the past 2 years:
Uraian 2025 2024 Description
Total Karyawan yang Dipegang oleh Kontraktor
138 38 Total Outsource Employees
dan/atau Konsultan
Persentase Total Pegawai Sementara (%) 20,94 6,84 Percentage of Total Temporary Employees (%)
Lingkungan Bekerja yang Layak dan Aman Decent and Safe Working Environment
Perseroan senantiasa menempatkan kesejahteraan dan The Company consistently places employee welfare and
keselamatan karyawan sebagai prioritas utama. Upaya safety as a top priority. This commitment is realized through
ini diwujudkan melalui penerapan standar keselamatan the implementation of strict occupational safety standards and
kerja yang ketat serta penyediaan layanan kesehatan yang the provision of comprehensive health services, supporting
menyeluruh guna mendukung terciptanya budaya kerja yang the creation of a healthy, harmonious, and sustainable work
sehat, harmonis, dan berkelanjutan. culture.
Penerapan Keselamatan Kerja Pelayanan Kesehatan Kerja
Occupational Safety Implementation Occupational Health Services
Keselamatan menjadi prioritas utama melalui penyediaan Perseroan menyediakan ruang medis, ruang laktasi, dan
alat pemadam, rambu evakuasi, dan sistem alarm perlengkapan P3K di kantor operasional. Seluruh karyawan
kebakaran yang rutin diperiksa. Pelatihan keselamatan juga terdaftar dalam BPJS Kesehatan yang mencakup
secara berkala dan pemeliharaan fasilitas gedung turut jaminan rawat inap, rawat jalan, serta layanan tambahan
dilakukan untuk memastikan kesiapan serta keamanan seperti pemeriksaan berkala, perawatan gigi dan mata,
seluruh karyawan. radiologi, hingga biaya persalinan.
Safety is a top priority through the provision of fire The Company provides medical rooms, lactation rooms, and
extinguishers, evacuation signs, and fire alarm systems first aid equipment at operational offices. All employees
that are regularly inspected. Periodic safety training are also enrolled in BPJS Kesehatan, which covers inpatient
and building facility maintenance are also carried out to and outpatient care, as well as additional services such as
ensure preparedness and the security of all employees. regular medical check‑ups, dental and eye care, radiology,
and maternity expenses.
Tingkat Kecelakaan Kerja Occupational Accident Rate
Sepanjang tahun 2025, Perseroan tidak mencatatkan adanya Throughout 2025, the Company recorded zero workplace
kecelakaan kerja. accidents.
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Survei Kepuasan Karyawan Employee Satisfaction Survey
Perseroan secara berkala melaksanakan Employee Voice The Company regularly conducts the Employee Voice Survey
Survey setiap 2 tahun sekali sebagai sarana untuk mengukur every 2 years as a means of measuring employee satisfaction,
tingkat kepuasan, keterlibatan, serta produktivitas karyawan, engagement, and productivity, while also identifying areas
sekaligus mengidentifikasi area yang perlu diperkuat dan that need to be strengthened and improved. Through this
ditingkatkan. Melalui survei ini, Perseroan memperoleh survey, the Company gains valuable input to create a more
masukan yang berharga guna menciptakan lingkungan supportive and competitive work environment. Given that
kerja yang lebih suportif dan berdaya saing. Mengingat the survey is conducted every two years, the survey was
pelaksanaannya bersiklus dua tahunan, survei tidak dilakukan not conducted in 2025. The most recent survey in 2024
pada tahun 2025. Adapun hasil survei terakhir pada tahun showed an employee satisfaction level of 88%, exceeding
2024 menunjukkan tingkat kepuasan karyawan sebesar 88%, the target set by the Company of 85%.
melampaui target yang ditetapkan Perseroan sebesar 85%.
Sarana Pengaduan Karyawan Employee Complaint Channel
Perseroan menyediakan kanal MSIG SpeakUp sebagai sarana The Company provides MSIG SpeakUp channel as a safe
bagi karyawan untuk menyampaikan keluhan atau laporan and confidential platform for employees to submit
terkait ketenagakerjaan, kesehatan, dan keselamatan kerja complaints or reports related to employment, health,
secara aman dan rahasia. Setiap laporan ditangani dengan and occupational safety. Each report is handled with
prinsip objektivitas dan integritas, serta ditindaklanjuti sesuai objectivity and integrity, then followed up in accordance
ketentuan perusahaan. Apabila terbukti terjadi pelanggaran, with Company regulations. Where violations are proven,
sanksi diberikan secara proporsional, mulai dari teguran sanctions are applied proportionally, ranging from warnings
hingga pemutusan hubungan kerja. Dalam 3 tahun terakhir, to termination of employment. Over the past 3 years, data on
data pengaduan terkait ketenagakerjaan yang diterima employment‑related complaints received by the Company is
Perseroan disajikan sebagai berikut: presented as follows:
Uraian 2025 2024 2023 Description
Sedang Ditindaklanjuti 5 - - On Follow-up
Selesai 3 12 8 Completed
Jumlah 8 12 8 Total
Biaya Program Tanggung Jawab Sosial Cost of Social Responsibility Programs for
terhadap Karyawan Employees
Biaya yang dialokasikan Perseroan terkait pengelolaan The costs allocated by the Company in relation to
tanggung jawab sosial terhadap karyawan dalam 3 tahun the management of social responsibility towards employees
terakhir ditunjukkan sebagai berikut: over the last 3 years are shown as follows:
(disajikan dalam jutaan Rupiah / expressed in million Rupiah)
Uraian 2025 2024 2023 Description
BPJS Ketenagakerjaan 7.337 9.946 6.257 BPJS Ketenagakerjaan (Employment)
BPJS Kesehatan 2.540 3.137 3.053 BPJS Kesehatan (Health)
Premi Asuransi Kesehatan dan Jiwa 10.647 8.374 6.740 Health and Life Insurance Premium
Pelatihan, Pendidikan, Seminar, dan Training, Education, Seminar, and
4.094 2.580 2.376
Sertifikasi Certification
Program Kegiatan Kebersamaan Karyawan 2.218 1.488 2.166 Employee Gathering Activities
Jumlah 26.836 25.525 20.592 Total
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Kontribusi terhadap Masyarakat Contribution to Community
Perseroan berkomitmen untuk memberikan nilai tambah The Company is committed to delivering added value to society
bagi masyarakat melalui berbagai program sosial yang through sustainable and impactful social programs. Each
berkelanjutan dan berdampak nyata. Setiap inisiatif initiative is focused on improving the quality of life, education,
difokuskan pada peningkatan kualitas hidup, pendidikan, and community welfare in areas surrounding its operations.
serta kesejahteraan masyarakat di sekitar wilayah These efforts reflect the Company’s social responsibility in
operasional. Upaya ini mencerminkan tanggung jawab sosial building harmonious and sustainable relationships with local
Perseroan dalam membangun hubungan yang harmonis dan communities.
berkelanjutan dengan komunitas.
Dampak Operasi terhadap Masyarakat Impacts of Operations on the Community
Perseroan mengelola risiko sekaligus memaksimalkan peluang The Company manages risks while maximizing opportunities
dengan pendekatan yang terintegrasi. Kemitraan strategis through an integrated approach. Strategic partnerships
dengan lembaga keuangan dan organisasi masyarakat with financial institutions and community organizations are
dijalankan untuk mendorong literasi finansial serta established to promote financial literacy and to implement
melaksanakan program tanggung jawab sosial yang fokus social responsibility programs focused on health, education,
pada kesehatan, pendidikan, dan pemberdayaan ekonomi. and economic empowerment. At the same time, risks
Sementara itu, risiko diminimalkan melalui edukasi masyarakat are minimized through public education about insurance
mengenai produk asuransi, peningkatan akses layanan dengan products, improved service accessibility via strategically
lokasi cabang strategis, serta layanan konsultasi personal yang located branches, and personalized consultation services that
membantu nasabah memilih polis sesuai kebutuhan. help customers select policies that suit their needs.
Berikut ini merupakan hasil pengelompokkan Perseroan The following summarizes the Company’s classification
terkait peluang dan risiko Perseroan terhadap masyarakat of opportunities and risks related to society that must be
yang perlu dipertimbangkan dalam pengambilan keputusan: considered in decision‑making:
• Keberadaan Perseroan mendorong masyarakat untuk lebih memahami pentingnya perencanaan keuangan jangka
panjang dan perlindungan terhadap risiko kehidupan.
• Perseroan memberikan jaminan perlindungan finansial bagi keluarga dan individu di masa depan, yang membantu
meningkatkan kualitas hidup masyarakat.
• Kehadiran Perseroan menciptakan lapangan kerja dan mendukung kegiatan ekonomi lokal melalui kemitraan dan
investasi di wilayah sekitar.
• The Company’s presence encourages the community to better understand the importance of long-term financial
Peluang planning and protection against life risks.
Opportunity • The Company provides financial protection guarantees for families and individuals in the future, helping to improve
community’s life quality.
• The Company’s presence creates job opportunities and supports local economic activities through partnerships and
investments in the surrounding areas.
• Risiko muncul dari kurangnya pemahaman masyarakat terhadap produk asuransi, yang dapat menyebabkan
ketidakpuasan atau pengelolaan yang kurang tepat.
• Tidak semua lapisan masyarakat dapat dengan mudah mengakses layanan asuransi jiwa, yang dapat menimbulkan
ketidakmerataan manfaat.
• Risiko ketergantungan terhadap produk asuransi dapat muncul jika masyarakat melihat asuransi sebagai satu-
satunya solusi perlindungan tanpa mengembangkan alternatif perlindungan lainnya.
• Risks arise from community’s lack of understanding of insurance products, which can lead to dissatisfaction or
Risiko improper management.
Risk • Not all community segments can easily access life insurance services, which may result in unequal benefits.
• A risk of dependency on insurance products may emerge if the community views insurance as the only protection
solution without developing other alternative protection methods.
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Program PPM PPM Program
Komitmen Perseroan dalam meningkatkan kesejahteraan The Company’s commitment to improving community welfare
masyarakat diwujudkan melalui pelaksanaan Program is realized through the implementation of its Community
Pemberdayaan Masyarakat (PPM). Adapun pelaksanaan PPM Empowerment Program (PPM). The implementation of PPM
sepanjang tahun 2025 diuraikan sebagai berikut: throughout 2025 is described as follows:
Webinar “Dari YOLO ke YONO – You Only Need One: Perseroan dan KINKO Luncurkan Board Game Literasi Keuangan
Masa Tua Glowing dengan Kesiapan Keuangan yang Cerdas” Pertama untuk 25 Anak Binaan ISCO Foundation
“From YOLO to YONO – You Only Need One: The Company and KINKO Launch the First Financial Literacy
Glowing Retirement with Smart Financial Readiness” Webinar Board Game for 25 Beneficiaries of ISCO Foundation
Edukasi dan Peningkatan Literasi dan Inklusi Keuangan
Education and Improvement of Financial Literacy and Inclusion
6 Februari 2025 Webinar “Dari YOLO ke YONO – You Only Need One: Masa Tua Glowing dengan Kesiapan Keuangan yang Cerdas”
January 6, 2025 Kegiatan literasi keuangan ini ditujukan bagi perempuan sebagai pengelola keuangan keluarga. Materi yang disampaikan
mencakup tantangan finansial yang dihadapi perempuan, dampak gaya hidup YOLO (You Only Live Once) terhadap kesehatan
keuangan, serta penerapan prinsip YONO (You Only Need One) sebagai pendekatan pengelolaan keuangan yang lebih bijak
dan bertanggung jawab. Peserta juga memperoleh panduan perencanaan pensiun, termasuk pemahaman dasar mengenai
DPLK untuk mendukung keberlanjutan keuangan keluarga di masa depan.
“From YOLO to YONO – You Only Need One: Glowing Retirement with Smart Financial Readiness” Webinar
This financial literacy initiative was designed for women as household financial managers. The session covered financial
challenges faced by women, the impact of the YOLO (You Only Live Once) lifestyle on financial health, and the application
of the YONO (You Only Need One) principle as a wiser and more responsible financial management approach. Participants
also received retirement planning guidance, including a basic understanding of DPLK, to support long-term family financial
sustainability.
24 Mei 2025 Perseroan dan KINKO Luncurkan Board Game Literasi Keuangan Pertama untuk 25 Anak Binaan ISCO Foundation
May 24, 2025 Perseroan bekerja sama dengan KINKO menghadirkan board game edukatif sebagai media pembelajaran literasi keuangan
bagi 25 anak binaan ISCO Foundation di Jakarta Pusat, yang sebagian besar berasal dari keluarga prasejahtera dan belum
terbiasa menabung maupun memahami pentingnya perlindungan finansial. Melalui permainan interaktif yang didampingi
relawan, anak-anak belajar mengelola uang, membedakan kebutuhan dan keinginan, serta membangun kebiasaan menabung
sejak dini sebagai fondasi ketahanan finansial di masa depan.
The Company and KINKO Launch the First Financial Literacy Board Game for 25 Beneficiaries of ISCO Foundation
The Company cooperated with KINKO to introduce an educational board game as a financial literacy learning tool for
25 beneficiaries of the ISCO Foundation in Central Jakarta, most of whom come from underprivileged families and are not
yet accustomed to saving or understanding the importance of financial protection. Through interactive gameplay supported
by volunteers, children learned to manage money, differentiate between needs and wants, and build saving habits from
an early age, laying a foundation for future financial resilience.
12 Juni 2025 Webinar “Generasi SMART, Waspada Jebakan Kesenjangan Sosial: Upgrade Proteksi Finansialmu Sekarang!”
June 12, 2025 Kegiatan literasi ini membahas tantangan finansial generasi muda di tengah ketidakpastian ekonomi dan risiko pemutusan
hubungan kerja, sekaligus menyoroti peran perempuan dalam pengambilan keputusan serta perencanaan keuangan
keluarga. Sesi ini mengajak peserta membangun jaring pengaman finansial melalui pemahaman mengenai asuransi jiwa
dwiguna, termasuk manfaat, nilai tambah, serta perbedaannya dengan asuransi jiwa PAYDI. Selain itu, peserta memperoleh
panduan praktis dalam memulai proteksi, memilih produk dan premi yang sesuai, mengelola keuangan setelah memiliki
polis, hingga memahami proses klaim dan penyelesaian sengketa.
“SMART Generation, Beware of the Social Gap Trap: Upgrade Your Financial Protection Now!” Webinar
This literacy initiative discussed financial challenges faced by younger generations amid economic uncertainty and the risk
of layoffs, while highlighting the role of women in financial decision-making and family planning. The session encouraged
participants to build financial safety nets by understanding endowment life insurance, including its benefits, added value,
and differences from PAYDI. Besides, participants received practical guidance on initiating protection, selecting suitable
products and premiums, managing finances after policy ownership, and understanding claims and dispute resolution
processes.
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Edukasi dan Peningkatan Literasi dan Inklusi Keuangan
Education and Improvement of Financial Literacy and Inclusion
28 Agustus 2025 Webinar “Investasi Terbaik untuk Diri: Menata Money Habit di Tengah Ancaman Penyakit Kritis”
August 28, 2025 Kegiatan literasi ini ditujukan bagi perempuan sebagai pengelola keuangan keluarga dengan membahas tantangan finansial
rumah tangga di tengah kondisi ekonomi yang menantang, termasuk risiko penyakit kritis yang dapat memengaruhi
stabilitas keuangan. Sesi ini membekali peserta dengan pemahaman perencanaan dan mitigasi risiko melalui asuransi jiwa
penyakit kritis, mulai dari cara memulai proteksi, memilih produk dan premi yang sesuai, memahami manfaat utama, hingga
pengelolaan keuangan setelah memiliki polis serta proses klaim. Melalui pendekatan tersebut, kegiatan ini bertujuan
memperkuat ketahanan finansial keluarga secara berkelanjutan.
“The Best Investment in Yourself: Shaping Money Habits Amid the Threat of Critical Illness” Webinar
This literacy initiative targeted women as household financial managers by addressing family financial challenges in
a demanding economic environment, including the risk of critical illness that may affect financial stability. The session
provided participants with an understanding of planning and risk mitigation through critical illness life insurance, covering
how to begin protection, selecting appropriate products and premiums, understanding key benefits, managing finances
after policy ownership, and navigating the claims process. Through this approach, the program aimed to strengthen
sustainable family financial resilience.
23 Oktober 2025 Webinar “Smart Money Moves: Pensiun Tenang Tanpa Drama”
October 23, 2025 Kegiatan literasi ini ditujukan bagi perempuan sebagai perencana keuangan keluarga jangka panjang dengan membahas
tantangan persiapan masa tua dan pengelolaan dana pensiun. Sesi ini memperkenalkan konsep frugal hedonism sebagai
pendekatan untuk menyeimbangkan gaya hidup dan disiplin menabung, sekaligus membekali peserta dengan langkah awal
menyusun rencana pensiun serta memilih produk keuangan yang sesuai guna menjaga keamanan finansial keluarga di masa
depan.
“Smart Money Moves: Peaceful Retirement Without Drama” Webinar
This literacy initiative was designed for women as long-term family financial planners, focusing on retirement preparation
and pension fund management. The session introduced the concept of frugal hedonism as an approach to balancing lifestyle
choices with disciplined saving, and equipped participants with initial steps in retirement planning and in selecting suitable
financial products to maintain the family’s financial security in the future.
Pemeliharaan dan Pengembangan Lingkungan Hidup
Environmental Preservation and Development
14 Agustus 2025 Kegiatan Insurance Social Responsibility (ISR) – Penanaman Mangrove
August 14, 2025 Sebagai bagian dari rangkaian Top Agent Awards (TAA) ke-38 yang diselenggarakan oleh Asosiasi Asuransi Jiwa Indonesia
(AAJI), Perseroan berpartisipasi dalam aksi pelestarian lingkungan melalui penanaman mangrove di Pantai Baros,
Kabupaten Bantul, Daerah Istimewa Yogyakarta. Dalam rangkaian kegiatan ISR dan literasi keuangan tahun ini, termasuk
program SmartFin Day, Perseroan bersama AAJI menanam sebanyak 1.855 bibit mangrove, dengan 1.000 bibit di antaranya
merupakan kontribusi Perseroan. Kegiatan ini turut disertai edukasi literasi keuangan serta ajakan untuk menjaga ekosistem
pesisir sebagai bagian dari upaya mendukung keberlanjutan lingkungan dan kesejahteraan masyarakat setempat.
Insurance Social Responsibility (ISR) Activity – Mangrove Planting
As part of the 38th Top Agent Awards (TAA) organized by the Indonesian Life Insurance Association (AAJI), the Company
participated in environmental conservation efforts by planting mangroves at Baros Beach, Bantul Regency, Special Region of
Yogyakarta. As part of this year’s ISR and financial literacy initiatives, including the SmartFin Day program, the Company and
AAJI planted 1,855 mangrove seedlings, of which the Company contributed 1,000 seedlings. The activity was accompanied
by financial literacy education and a call to protect coastal ecosystems as part of broader efforts to support environmental
sustainability and the welfare of local communities.
Bakti Sosial
Community Services
19 Desember 2025 Bantuan Kemanusiaan bagi Korban Banjir dan Longsor di Medan
December 19, 2025 Perseroan bersama ISCO Foundation menyalurkan bantuan kemanusiaan kepada keluarga dan anak-anak prasejahtera yang
terdampak banjir dan longsor di Medan, Sumatera Utara. Bantuan kebutuhan pokok diberikan kepada 359 penerima manfaat,
termasuk 187 anak, guna membantu pemenuhan kebutuhan dasar selama masa pemulihan. Inisiatif ini mencerminkan
kepedulian Perseroan dalam mendukung ketahanan masyarakat terdampak bencana sekaligus memperkuat solidaritas
sosial di wilayah yang terdampak.
Humanitarian Assistance for Flood and Landslide Victims in Medan
The Company and ISCO Foundation provided humanitarian assistance to underprivileged families and children affected
by floods and landslides in Medan, North Sumatra. Essential aid packages were distributed to 359 beneficiaries, including
187 children, to help meet basic needs during the recovery period. This initiative reflects the Company’s commitment to
supporting the resilience of disaster-affected communities while strengthening social solidarity in impacted areas.
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Program PELITA bersama ISCO Foundation
PELITA Program with ISCO Foundation
Oktober 2024 - PELITA, yang berarti cahaya harapan, merupakan akronim dari Perkuat Pilar Ketahanan Keluarga melalui Edukasi untuk
September 2025 Meningkatkan Literasi dan Inisiatif untuk Meningkatkan Taraf Hidup yang lebih baik, serta mewujudkan Aspirasi Masa Depan
October 2024 - yang Sejahtera. Program ini dijalankan melalui kemitraan strategis 3 tahun dengan ISCO Foundation untuk menjangkau 60
September 2025 anak dari keluarga prasejahtera di Sanggar Belajar Kebon Melati, Jakarta Pusat, sebagai wilayah dengan risiko tinggi pekerja
anak.
Pendekatan 2 generasi diterapkan melalui dukungan pendidikan, pemenuhan gizi, dan pengembangan keterampilan anak,
disertai penguatan kapasitas pengasuhan serta literasi keuangan orang tua guna mendukung keberlanjutan pendidikan anak
dan ketahanan ekonomi keluarga. Pendekatan tersebut mencakup:
1. Mencegah Putus Sekolah di Area Berisiko Tinggi:
Kemitraan ini memastikan tidak ada anak yang putus sekolah dengan tingkat kehadiran mencapai 94%, sedikit menurun
dari 96% pada tahun sebelumnya di tengah tantangan kesehatan dan keterbatasan dukungan keluarga. Seluruh 60 anak
naik kelas dengan rata-rata nilai 82, didukung pembiayaan pendidikan dan pendampingan tutor penuh waktu. Program
juga menyediakan 13.578 porsi nutrisi bergizi untuk menunjang kesehatan dan kesiapan belajar anak.
2. Mengubah Mindset Orang Tua dari Acuh Menjadi Aktif
Sebelum program berjalan, 76% orang tua belum memprioritaskan pendidikan anak sehingga meningkatkan risiko putus
sekolah. Setelah intervensi, keterlibatan orang tua menunjukkan peningkatan, dengan 13 orang tua (52% dari total
responden survei) aktif berdiskusi mengenai perkembangan belajar dan rencana masa depan anak, melampaui target
9 orang tua dengan peningkatan 20% dari baseline. Dukungan praktis juga meningkat, dari sebelumnya 70% orang tua
(42 dari 60) yang hanya memberikan dukungan moderat, kini terdapat tambahan 8 orang tua (+30%) yang aktif membantu
pengaturan jadwal belajar dan kebutuhan sekolah. Perubahan pola asuh turut terlihat, dari 64% orang tua (39 dari 60)
yang menerapkan pola permisif tanpa bimbingan, sebanyak 8 orang tua beralih ke pola demokratis melalui tiga sesi
parenting intensif, salah satunya melibatkan 33 orang tua bersama relawan Perseroan.
PELITA, meaning a light of hope, is an acronym for Strengthening Family Resilience Pillars through Education to Enhance
Literacy and Initiatives to Improve Tangible Prosperity, and to Realize a Prosperous Future Aspiration. The program is
implemented through a three-year strategic partnership with the ISCO Foundation, reaching 60 children from underprivileged
families at Sanggar Belajar Kebon Melati, Central Jakarta, as an area identified as having a high risk of child labor.
This 2-generation approach is applied through educational support, nutritional assistance, and skills development for
children, complemented by strengthening parenting capacity and improving parents’ financial literacy to support children’s
educational continuity and family economic resilience. The approach includes:
1. Preventing School Dropout in High-Risk Areas
This partnership ensured that no children dropped out of school, with an attendance rate of 94%, slightly declining from
96% in the previous year amid health challenges and limited family support. All 60 children advanced to the next grade
level, achieving an average score of 82, supported by education funding and full-time tutoring assistance. The program
also provided 13,578 nutritious meal portions to support children’s health and learning readiness.
2. Transforming Parental Mindset from Passive to Active
Prior to the program’s implementation, 76% of parents did not prioritize their children’s education, increasing the risk
of school dropout. Following the intervention, parental engagement improved significantly, with a total of 13 parents
(52% of total survey respondents) actively participating in discussions about their children’s academic progress and
future plans, exceeding the target of 9 parents and representing a 20% increase from baseline. Practical support also
improved, from 70% of parents (42 out of 60) provided moderate support previously, but now there are an additional
8 parents (+30%) who actively help with arranging study schedules and school needs. Changes in parenting styles were
also observed, from 64% of parents (39 out of 60) who applied a permissive style without guidance, 8 parents switched
to a democratic style through three intensive parenting sessions, one of which involved 33 parents and volunteers from
the Company.
Pencapaian dan Biaya Program PPM Achievement and Cost of PPM Program
Perseroan senantiasa menyalurkan dukungan melalui berbagai The Company consistently provides support through
inisiatif PPM yang terencana dan terukur. Setiap kegiatan well‑planned and measurable PPM initiatives. Each activity
dirancang untuk memberikan manfaat nyata bagi penerima, is designed to deliver tangible benefits to beneficiaries
sekaligus memastikan penggunaan biaya program sesuai while ensuring that program expenditures are aligned with
prinsip efektivitas, transparansi, dan keberlanjutan. Rincian the principles of effectiveness, transparency, and
jumlah kegiatan dan alokasi biaya untuk setiap program dalam sustainability. Details of the number of activities and budget
3 tahun terakhir dapat dilihat pada tabel berikut: allocations for each program over the past 3 years can be seen
in the following table:
2025 2024 2023
Uraian Biaya Biaya Biaya Description
Kegiatan Kegiatan Kegiatan
Costs Costs Costs
Activities Activities Activities
(Rp) (Rp) (Rp)
Number of Financial
Jumlah Literasi dan
384.408.163 5 215.800.000 5 300.000.000 5 Literacy and Inclusion
Inklusi Keuangan
Activities
Jumlah Pemeliharaan Number of Environmental
dan Pengembangan 10.000.000 1 15.000.000 2 110.627.000 2 Preservation and
Lingkungan Hidup Development Activities
Jumlah Bakti Sosial 127.725.336 1 - - - - Total Community Services
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2025 2024 2023
Uraian Biaya Biaya Biaya Description
Kegiatan Kegiatan Kegiatan
Costs Costs Costs
Activities Activities Activities
(Rp) (Rp) (Rp)
Program Program
Program PELITA bersama tahunan* tahunan* PELITA Program with
120.000.000 130.000.000 - -
ISCO Foundation Annual Annual ISCO Foundation
Program* Program*
Jumlah 642.133.499 7 360.800.000 7 410.627.000 7 Total
* Dilaksanakan secara berkelanjutan, sehingga tidak dinyatakan dalam jumlah kegiatan terpisah. / Implemented on an ongoing basis, therefore, it is not presented as
a separate number of activities.
Jumlah Penerima Manfaat PPM
Number of PPM Beneficiaries
2025 2024 2023
1.206 674 917
orang / people orang / people orang / people
Sarana Pengaduan Masyarakat Community Complaint Channel
Perseroan menyediakan sarana pengaduan yang dapat diakses The Company provides a complaint channel accessible to
oleh seluruh pemangku kepentingan untuk menyampaikan all stakeholders for submitting grievances or feedback
keluhan atau masukan terkait program pengembangan sosial related to social and community development programs.
dan kemasyarakatan. Mekanisme ini juga memungkinkan This mechanism also enables reporting of suspected violations
pelaporan apabila terdapat dugaan pelanggaran terhadap of ethics, integrity, or prevailing norms. Every complaint is
etika, integritas, atau norma-norma yang berlaku. Setiap handled professionally, promptly, and transparently to ensure
pengaduan ditangani secara profesional, cepat, dan program improvements and sustainable positive impacts.
transparan, guna memastikan perbaikan program serta
dampak positif yang berkelanjutan.
Situs Web
msigspeakup.com
Website
Tersedia
E-mail report@msigspeakup.com 24 jam sehari
dan 365 hari
dalam setahun
PO BOX 2621 JKP 10026 24 hours a day,
365 days a year
Hotline
(021) 5092 8905 Situs Web
Website
0821 1786 0321
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Pengelolaan Hubungan dengan Pemasok Managing Relationship with Suppliers
Perseroan memandang hubungan dengan pemasok sebagai The Company views relationships with suppliers as
bagian integral dari praktik usaha yang berkelanjutan. an integral part of sustainable business practices. Collaboration
Kerja sama yang terjalin tidak hanya menekankan efisiensi emphasizes not only efficiency and quality but also compliance
dan kualitas, tetapi juga kepatuhan terhadap prinsip etika, with ethical principles, sustainability, and social responsibility.
keberlanjutan, dan tanggung jawab sosial. Pendekatan ini This approach ensures that every interaction with suppliers
memastikan setiap interaksi dengan pemasok mendukung contributes to the creation of a transparent, reliable, and
terciptanya rantai pasok yang transparan, andal, dan selaras value‑aligned supply chain.
dengan nilai-nilai Perseroan.
Seleksi Pemasok secara Adil dan Bertanggung Selecting Suppliers Fairly and Responsibility
Jawab
Perseroan menerapkan mekanisme seleksi pemasok The Company applies a transparent and fair supplier selection
yang transparan dan adil dengan memperhatikan kriteria mechanism by considering sustainability criteria in line with
keberlanjutan sesuai pedoman LST. Setiap calon pemasok ESG guidelines. Each prospective supplier is required to sign
diwajibkan menandatangani Vendor Code of Conduct yang the Vendor Code of Conduct, which reflects a commitment
mencerminkan komitmen terhadap praktik bisnis yang to ethical business practices, including: compliance with
etis, termasuk: kepatuhan terhadap aturan Anti-Bribery and Anti‑Bribery and Corruption regulations to prevent money
Corruption untuk mencegah praktik pencucian uang; jaminan laundering.; assurance of not employing underage workers; and
tidak mempekerjakan anak di bawah umur; serta kepastian guarantee of employee wage payments in accordance with the
pembayaran upah karyawan yang berlaku di lokasi operasional applicable at each operational location. This approach ensures
masing-masing. Pendekatan ini memastikan hubungan responsible partnerships while supporting sustainable business
kemitraan yang bertanggung jawab sekaligus mendukung practices.
praktik bisnis berkelanjutan.
Hubungan dengan Pemasok Relationship with Suppliers
Setiap hubungan kerja dengan pemasok dituangkan dalam All business relationships with suppliers are formalized
kontrak yang disepakati bersama, berlandaskan praktik through mutually agreed contracts, based on best
pengadaan terbaik. Perseroan juga mendorong keterlibatan procurement practices. The Company also encourages
pemasok lokal, yaitu pemasok yang berlokasi sejalan dengan the involvement of local suppliers, namely those located within
wilayah operasional, sebagai bentuk dukungan terhadap its operational areas, as a form of support for local economic
pengembangan ekonomi masyarakat setempat. Pendekatan development. This approach ensures the sustainability of
ini memastikan keberlanjutan hubungan bisnis sekaligus business relationships while strengthening positive impacts on
memperkuat dampak positif bagi komunitas sekitar. Informasi surrounding communities. Information regarding the number
mengenai jumlah pemasok dalam 3 tahun terakhir ditunjukkan of suppliers over the past 3 years is presented as follows:
sebagai berikut:
Uraian 2025 2024 2023 Description
Pemasok Lokal 98 143 135 Local Suppliers
Pemasok Nasional 15 39 40 National Suppliers
Pemasok Internasional 6 4 4 International Suppliers
Jumlah 119 186 179 Total
Keterangan / Note:
* Pemasok yang berasal dari wilayah atau kota yang sama dengan lokasi operasional Perseroan. / Suppliers from the same region or city as the Company’s operational
location.
* Pemasok yang berasal dari wilayah lain, namun masih dalam cakupan satu negara. / Suppliers from other regions but still within the same country.
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Keberlanjutan Aspek Lingkungan Hidup
Environmental Sustainability
Perseroan menjadikan faktor lingkungan sebagai The Company places environmental factors as a strategic
pertimbangan strategis dalam setiap pengambilan keputusan consideration in every operational decision, even though
operasional, meskipun operasional inti tidak bersinggungan its core operations are not directly linked to environmental
langsung dengan aspek tersebut. Setiap keputusan aspects. Each decision emphasizes energy efficiency, waste
operasional menekankan efisiensi energi, pengelolaan management, and environmentally friendly practices as part
limbah, dan praktik ramah lingkungan sebagai bagian dari of efforts to support the green economy. This approach
upaya mendukung ekonomi hijau. Pendekatan ini memastikan reflects the Company’s commitment to balancing business
komitmen Perseroan untuk menciptakan keseimbangan performance with ecological responsibility on an ongoing
antara kinerja bisnis dan tanggung jawab ekologis secara basis.
berkesinambungan.
Penggunaan Material yang Ramah Use of Environmentally Friendly Materials
Lingkungan
Kertas merupakan salah satu bahan baku utama dalam Paper is one of the main raw materials in the Company’s
operasional Perseroan. Menyadari dampak lingkungan operations. Recognizing the environmental impact of paper
dari penggunaan kertas, Perseroan berkomitmen usage, the Company is committed to using it wisely through
memanfaatkannya secara bijak melalui berbagai langkah various strategic measures. These efforts include checking
strategis. Upaya tersebut meliputi pengecekan dokumen documents before printing to minimize errors, reusing used
sebelum dicetak untuk meminimalkan kesalahan, penggunaan paper for internal administrative needs, and developing
kembali kertas bekas untuk kebutuhan administrasi internal, paperless administration by leveraging digital technology
serta pengembangan administrasi tanpa kertas (paperless such as email, digital signatures, and the work‑from‑anywhere
administration) dengan memanfaatkan teknologi digital, concept. This approach not only reduces paper consumption
termasuk surat elektronik, tanda tangan digital, dan konsep but also supports efficient and environmentally friendly work
work from anywhere. Pendekatan ini tidak hanya mengurangi practices.
konsumsi kertas, tetapi juga mendukung praktik kerja yang
efisien dan ramah lingkungan.
Penggunaan Energi Energy Consumption
Efisiensi energi merupakan bagian penting dari operasional Energy efficiency is an essential part of sustainable
berkelanjutan. Pengelolaan energi listrik dilakukan untuk operations. Electricity management is carried out to reduce
menekan biaya sekaligus meminimalkan dampak terhadap costs while minimizing the impact on emissions and climate
emisi dan perubahan iklim. Berbagai langkah diterapkan change. Various measures are implemented simultaneously,
secara simultan, mulai dari pemadaman peralatan elektronik starting from switching off electronic equipment when not in
saat tidak digunakan, penggunaan lampu LED, pembagian use, using LED lighting, zoning overtime areas, internalizing
zona lembur, internalisasi kampanye sadar hemat energi, energy‑saving awareness campaigns, up to utilizing low‑watt
hingga pemakaian peralatan elektronik low watt. Transisi electronic devices. Gradual transition to electric vehicles for
bertahap ke mobil listrik untuk operasional dan penerapan operations and adoption of work‑from‑anywhere concept also
konsep Work from Anywhere turut membantu mengurangi help reduce commuting to the office, thereby significantly
perjalanan ke kantor, sehingga secara nyata menekan emisi lowering carbon emissions and supporting the implementation
karbon dan mendukung implementasi green office di wilayah of green offices across the Company’s operational areas.
operasional Perseroan.
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Informasi mengenai penggunaan dan efisiensi energi Information on the Company’s energy usage and efficiency
Perseroan selama 3 tahun terakhir diuraikan sebagai berikut: over the past 3 years is presented as follows:
Satuan
Uraian 2025 2024 2023 Description
Unit
gigajoule 574,55 238,75 284,77
Listrik Electricity
kWh 159.598 66.320 79.102
Energi yang Dikonsumsi secara
kWh 159.598 66.320 79.102 Direct Energy Consumption
Langsung
Energi yang Dikonsumsi secara
kWh - - - Indirect Energy Consumption
Tidak Langsung
Intensitas Penggunaan Energi gigajoule/Jutaan Rp Intensity of Energy Consumption to
0,000184 0,000102 0,000081
terhadap Pendapatan gigajoule/Million Rp Revenue
gigajoule/Jutaan Rp
Efisiensi Penggunaan Energi (0,000082) (0,000021) 0,000004 Energy Usage Efficiency
gigajoule/Million Rp
Penggunaan Air Water Consumption
Sumber air untuk operasional Perseroan diperoleh dari The Company’s water supply for operations is sourced from
Perusahaan Daerah Air Minum (PDAM), yang digunakan untuk the Regional Drinking Water Company (PDAM), used for
kebutuhan sanitasi maupun aktivitas harian kantor. Dalam sanitation and daily office activities. In its utilization,
pemanfaatannya, Perseroan berupaya menjaga efisiensi the Company strives to maintain efficiency by using
dengan memanfaatkan fasilitas hemat air, seperti keran water‑saving facilities such as automatic faucets provided
otomatis yang disediakan oleh pengelola gedung. Pendekatan by building management. This approach is complemented
ini dilengkapi dengan upaya meningkatkan kesadaran setiap by efforts to raise awareness among all employees to adopt
insan Perseroan untuk menerapkan praktik penggunaan prudent water‑use practices, ensuring consumption remains
air secara bijak, sehingga konsumsi tetap terkendali tanpa controlled without disrupting operational continuity across all
mengurangi kelancaran operasional di seluruh fasilitas supporting facilities.
pendukung.
Informasi mengenai jumlah penggunaan air Perseroan pada Information regarding the Company’s water consumption for
seluruh aktivitas operasional kantor pusat diuraikan sebagai all head office’s operational activities is presented as follows:
berikut:
Satuan
Uraian 2025 2024 2023 Description
Unit
Air PDAM m3 696,86 549,30 561,00 Utility (PDAM) Water
Intensitas Penggunaan Air m /Jutaan Rp
3
0,000224 0,000235 0,000160 Intensity of Water Usage to Revenue
terhadap Pendapatan m3/Million Rp
m3/Jutaan Rp
Efisiensi Penggunaan Air 0,000012 (0,000075) 0,000014 Water Usage Efficiency
m3/Million Rp
Keanekaragaman Hayati Biodiversity
Wilayah operasional Perseroan tidak berada di dekat kawasan The Company’s operational areas are not located near
yang dilindungi atau memiliki keanekaragaman hayati tinggi, protected zones or regions with high biodiversity, ensuring
sehingga aktivitas operasional tidak menimbulkan dampak that its activities do not cause negative environmental impacts.
negatif terhadap lingkungan. Meski demikian, Perseroan tetap Nevertheless, the Company remains committed to climate‑risk
memegang komitmen terhadap mitigasi risiko perubahan mitigation through tangible sustainability initiatives.
iklim melalui inisiatif keberlanjutan yang nyata.
Pada tahun 2025, Perseroan berpartisipasi dalam aksi In 2025, the Company participated in environmental
pelestarian lingkungan melalui penanaman mangrove di Pantai conservation efforts through a mangrove planting initiative at
Baros, Kabupaten Bantul, Daerah Istimewa Yogyakarta. Dalam Baros Beach, Bantul Regency, Special Region of Yogyakarta.
rangkaian kegiatan ISR dan literasi keuangan tahun ini, termasuk As part of the year’s ISR and financial literacy initiatives,
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program SmartFin Day, Perseroan bersama AAJI menanam including the SmartFin Day program, the Company and AAJI
sebanyak 1.855 bibit mangrove, dengan 1.000 bibit di antaranya planted 1,855 mangrove seedlings, of which the Company
merupakan kontribusi Perseroan. Kegiatan ini turut disertai contributed 1,000 seedlings. The activity was complemented by
edukasi literasi keuangan serta ajakan untuk menjaga ekosistem financial literacy education and an invitation to preserve coastal
pesisir sebagai bagian dari upaya mendukung keberlanjutan ecosystems as part of broader efforts to support environmental
lingkungan dan kesejahteraan masyarakat setempat. sustainability and the well-being of local communities.
Pengelolaan Limbah Waste Management
Perseroan berkomitmen mengelola limbah operasional The Company is committed to managing operational waste
secara bertanggung jawab. Setiap limbah, mulai dari kertas responsibly. All waste, from paper to plastic, is handled in line
hingga plastik, dikelola dengan prinsip keberlanjutan melalui with sustainability principles through applying 3R practices,
penerapan 3R, penggunaan kertas bersertifikat, pengelolaan using certified paper, managing separate waste, and making
sampah terpisah, serta inisiatif proaktif seperti “Bring Your proactive initiatives such as “Bring Your Own Tumbler.”
Own Tumbler”. Langkah-langkah ini tidak hanya mengurangi These measures not only reduce environmental impact but
dampak lingkungan, tetapi juga mendukung pelestarian hutan also support forest preservation and resource sustainability.
dan keberlanjutan sumber daya. Pada tahun 2025, Perseroan In 2025, the Company did not decompose paper waste
tidak melakukan penguraian limbah kertas hasil operasional generated from daily operations, in line with the reduction
sehari-hari, seiring dengan berkurangnya penggunaan kertas in paper use as a result of implementing digital activities.
sebagai dampak dari penerapan aktivitas digital. Selain itu, In addition, there were no incidents of wastewater spills
tidak terjadi insiden tumpahan air limbah maupun limbah or other hazardous waste at the Company’s offices during
berbahaya lainnya di area kantor sepanjang periode pelaporan. the reporting period.
Adapun upaya konkret Perseroan dalam mewujudkan praktik The Company’s tangible efforts to realize environmentally
operasional yang ramah lingkungan diuraikan sebagai berikut: friendly operational practices are outlined as follows:
Prinsip 3R – Reduce, Reuse, Recycle Kertas Bersertifikat
3R Principles – Reduce, Reuse, Recycle Certified Paper
• Mengoptimalkan penerapan aktivitas digital dalam kegiatan Menggunakan kertas bersertifikat yang berasal dari sumber yang
operasional sehari-hari sehingga penggunaan kertas dapat dikelola secara bertanggung jawab, antara lain yang memiliki
diminimalkan; sertifikasi Programme for the Endorsement of Forest Certification
• Menerapkan penggunaan kembali barang-barang yang masih (PEFC) dan Indonesia Forestry Certification Cooperation (IFCC).
layak pakai, seperti meja, kursi, dan perlengkapan kerja lainnya, Penggunaan kertas bersertifikat ini merupakan bagian dari
guna mendukung efisiensi sumber daya di lingkungan kerja. komitmen Perseroan dalam mendukung pengelolaan hutan
yang berkelanjutan serta meminimalkan dampak lingkungan dari
kegiatan operasional.
• Optimizing the implementation of digital activities in daily Using certified paper from responsibly managed sources,
operations to minimize paper use; including those certified by the Program for the Endorsement
• Reusing items that are still in good condition, such as tables, of Forest Certification (PEFC) and the Indonesia Forestry
chairs, and other work equipment, to support resource Certification Cooperation (IFCC). The use of certified paper is part
efficiency in the workplace. of the Company's commitment to supporting sustainable forest
management and minimizing the environmental impact of its
operations.
Pengurangan Limbah Plastik Pengelolaan Sampah Terpisah
Plastic Waste Reduction Separate Waste Management
Mendorong penerapan kebiasaan “Bring Your Own Tumbler” di Menerapkan pemilahan sampah berdasarkan jenisnya di
lingkungan kerja sebagai upaya mengurangi penggunaan wadah lingkungan kerja guna memudahkan proses pengelolaan di tingkat
minuman sekali pakai. Inisiatif ini turut mendukung pengurangan gedung dan pemilahan sampah ini juga mendukung efisiensi
penggunaan botol plastik sekali pakai dalam kegiatan operasional pengelolaan limbah serta mempermudah proses penanganan
sehari-hari. lebih lanjut sesuai dengan karakteristik masing-masing jenis
sampah.
Encouraging the adoption of "Bring Your Own Tumbler" practice Implementing waste segregation by type in the workplace to
in the workplace to reduce the use of disposable beverage facilitate waste management process at the building level. This
containers. This initiative also supports the reduction of single- waste segregation also supports waste management efficiency
use plastic bottles in daily operations. and facilitates further handling process according to the
characteristics of each type of waste.
PT MSIG Life Insurance Indonesia Tbk 300 Laporan Keberlanjutan 2025
Page 303
Laporan Keberlanjutan
Sustainability Report
Sarana Pengaduan Masalah Lingkungan Complaint Channel for Environmental
Hidup Problems
Saat ini, Perseroan belum menetapkan mekanisme pengaduan At present, the Company has not established a specific
terkait masalah lingkungan hidup, sejalan dengan karakter mechanism for complaints related to environmental issues,
kegiatan usaha yang tidak memberikan dampak langsung in line with the nature of its business activities, which do not
terhadap kelestarian lingkungan. Adapun selama 3 tahun terakhir, directly impact environmental preservation. Over the past
Perseroan tidak menerima adanya laporan atau pengaduan 3 years, the Company has not received any reports or
mengenai isu lingkungan terkait kegiatan yang dijalankan. complaints regarding environmental issues associated with its
operations.
Biaya Program Tanggung Jawab Sosial Cost of Environmental Social
terhadap Lingkungan Hidup Responsibility Program
Realisasi dana kegiatan tanggung jawab sosial terhadap The realization of the Company’s social responsibility funds in
lingkungan Perseroan dalam kurun waktu 3 tahun terakhir environmental activities over the past 3 years is as follows:
sebagai berikut:
Sebagai bagian dari rangkaian Top Agent Awards (TAA) ke-38 yang diselenggarakan Asosiasi
Asuransi Jiwa Indonesia (AAJI), Perseroan turut berpartisipasi dalam aksi pelestarian lingkungan
melalui penanaman mangrove di Pantai Baros, Kabupaten Bantul, Daerah Istimewa Yogyakarta.
2025 Dalam rangkaian kegiatan Insurance Social Responsibility (ISR) dan literasi tahun ini, yang juga
mencakup program SmartFin Day, Perseroan dan AAJI menanam 1.855 bibit mangrove, termasuk
1.000 bibit sebagai kontribusi Perseroan. Kegiatan ini juga disertai edukasi literasi keuangan serta
10
ajakan menjaga ekosistem pesisir demi keberlanjutan lingkungan dan masyarakat.
As part of the 38th Top Agent Awards (TAA) organized by the Indonesian Life Insurance Association
(AAJI), the Company participated in environmental conservation efforts by planting mangroves
at Baros Beach, Bantul Regency, Special Region of Yogyakarta. As part of this year’s ISR and
Jutaan Rupiah / Million Rupiah financial literacy initiatives, including the SmartFin Day program, the Company and AAJI planted
1,855 mangrove seedlings, of which the Company contributed 1,000 seedlings. The activity was
accompanied by financial literacy education and a call to protect coastal ecosystems as part of
broader efforts to support environmental sustainability and the welfare of local communities.
Digunakan sebagai akomodasi dalam berpartisipasi pada program “AAJI Peduli Bumi” dengan
2024 menanam 2.000 bibit mangrove di Pantai Indah Kapuk (PIK) dan Pulau Tidung serta memberikan
edukasi literasi keuangan kepada masyarakat setempat. Selain itu, Perseroan juga turut serta dalam
“AAJI Marcomm Summit 2024” melalui penanaman 1.525 bibit mangrove di Pantai Bahagia, Muara
15
Gembong, Bekasi.
Allocated to support participation in the “AAJI Peduli Bumi” program by planting 2,000 mangrove
seedlings in Indah Kapuk Beach (PIK) and Tidung Island, as well as providing financial literacy
education to the local communities. Additionally, the Company also participated in the “AAJI
Jutaan Rupiah / Million Rupiah Marcomm Summit 2024” by planting 1,525 mangrove seedlings at Bahagia Beach Muara Gembong,
Bekasi.
2023
Digunakan untuk program transplantasi 100 terumbu karang dan 100 batang pohon mangrove di
111
kawasan Pulau Pramuka, Kepulauan Seribu.
Allocated for a program to transplant 100 coral reefs and 100 mangrove trees in Pramuka Island
area, Seribu Islands.
Jutaan Rupiah / Million Rupiah
2025 Sustainability Report 301 PT MSIG Life Insurance Indonesia Tbk
Page 304
Verifikasi Tertulis dari Pihak Independen
Written Verification from Independent Party
Laporan keberlanjutan ini tidak dilakukan verifikasi oleh This sustainability report is not verified by an external
penyedia jasa assurance eksternal. Namun demikian, Perseroan assurance service provider. However, the Company guarantee
menjamin bahwa seluruh informasi yang disampaikan dalam that all information stated in this sustainability report is true,
laporan keberlanjutan ini adalah benar, akurat, dan faktual. accurate, and factual.
Tanggapan terhadap Umpan Balik
Laporan Keberlanjutan Tahun Sebelumnya
Response to Feedback on Previous Year’s Sustainability Report
Perseroan tidak menerima tanggapan berupa umpan balik dari The Company did not receive any feedback from Shareholders
Pemegang Saham atas Laporan Keberlanjutan Tahun 2024, regarding the 2024 Sustainability Report. However,
namun penyusunan Laporan Keberlanjutan Tahun 2025 tetap the preparation of the 2025 Sustainability Report is optimized
dioptimalkan secara lebih komprehensif untuk mencerminkan in a more comprehensive manner to reflect transparency of
transparansi kinerja keberlanjutan. sustainability performance.
PT MSIG Life Insurance Indonesia Tbk 302 Laporan Tahunan 2025
Page 305
Lembar Umpan Balik
Feedback Form
Setelah membaca Laporan Keberlanjutan Tahun 2025 PT MSIG After reading the 2025 Sustainability Report of PT MSIG Life
Life Insurance Indonesia Tbk, Perseroan mohon kesediaan para Insurance Indonesia Tbk, the Company request stakeholders
pemangku kepentingan untuk memberikan umpan balik dengan to provide feedback by sending an e-mail or sending this form
mengirim e-mail atau mengirim formulir ini melalui fax/pos. by fax/mail.
Pertanyaan Setuju Tidak Setuju
Questions Agree Disagree
Laporan ini telah memberikan informasi yang bermanfaat mengenai kinerja ekonomi, sosial dan lingkungan
Perseroan. …. ….
This report has provided useful information regarding the Company’s economic, social, and environments.
Data dan informasi yang diungkapkan mudah dipahami, lengkap, transparan, dan berimbang.
…. ….
The data and information disclosed are easy to understand, complete, transparent, and balanced.
Data dan informasi yang disajikan berguna dalam pengambilan keputusan.
…. ….
The data and information presented are useful for decision-making.
Laporan ini menarik dan mudah dibaca.
…. ….
This report is interesting and easy to read.
Mohon berikan nilai mengenai aspek yang terdapat dalam Please score the aspects in this report (1 = most important,
laporan ini (nilai 1 = paling penting, 2 = penting, 3 = tidak penting, 2 = important, 3 = less important, 4 = least important).
4 = sangat tidak penting).
Kinerja Ekonomi Penggunaan Material yang Ramah Lingkungan
Economic Performance Use of Environmentally Friendly Materials
Ketenagakerjaan Penggunaan Energi
Employment Energy Consumption
Keselamatan dan Kesehatan Kerja Penggunaan Air
Occupational Health and Safety Water Consumption
Pengembangan Masyarakat Pengelolaan Limbah
Community Development Waste Management
Kesehatan dan Keselamatan Nasabah
Customer Health and Safety
Mohon berikan komentar/saran/usulan bagi laporan ini.
Please provide comment/suggestion/recommendation on this report.
……………………………………………………………………………………………………………………………………………………………………………..
……………………………………………………………………………………………………………………………………………………………………………..
……………………………………………………………………………………………………………………………………………………………………………..
Profil Anda / Your Profile
Nama / Name : ………………………………………………………………………………………
Pekerjaan / Occupation : ………………………………………………………………………………………
Institusi/Perusahaan / Institution/Company : ………………………………………………………………………………………
Kontak (telepon, e-mail) / Contact (phone, e-mail) : ………………………………………………………………………………………
Kategori Pemangku Kepentingan / Category of Stakeholder
Pemerintah Pelanggan Karyawan Mitra Kerja
Government Customer Employee Business Partners
Media Masyarakat LSM Lain-Lain, ….
Media Community NGO Others, ….
Saran dan tanggapan yang Anda
Sinarmas Land Plaza Sudirman Lt. 6
berikan atas informasi yang
Jl. Jend. Sudirman Kav. 21
disajikan dalam laporan ini mohon Leony Samosir Jakarta Selatan 12920
dikirimkan kepada:
Corporate Secretary
: (021) 5059 7777 : corsec@msiglife.co,id
Please send Your suggestion
and response to information : (021) 5060 8899 : www.msiglife.co.id
presented in this report to:
2025 Annual Report 303 PT MSIG Life Insurance Indonesia Tbk
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Page 307
Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa
Keuangan No. 51/POJK.03/2017
List of Disclosures According to Financial Services Regulation
No.51/POJK.03/2017
No. Indeks Nama Indeks Halaman
Index No. Index Name Page
Strategi Keberlanjutan
Sustainability Strategy
Penjelasan Strategi Keberlanjutan
A.1 258
Explanation of Sustainability Strategy
Ikhtisar Kinerja Aspek Keberlanjutan
Sustainability Performance Highlights
Aspek Ekonomi
B.1 266
Economic Aspect
Aspek Lingkungan Hidup
B.2 267
Environmental Aspect
Aspek Sosial
B.3 266
Social Aspect
Profil Perusahaan
Company Profile
Visi, Misi, dan Nilai Keberlanjutan
C.1 264
Vision, Mission, and Values of Sustainability
Alamat Perusahaan
C.2 50
Company Address
Skala Usaha
C.3 66, 106, 130, 283
Business Scale
Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
C.4 64
Products, Services, and Business Activities
Keanggotaan pada Asosiasi
C.5 61
Association Membership
Perubahan Emiten dan Perusahaan Publik yang Bersifat Signifikan
C.6 52
Significant Changes in the Issuers and Public Companies
Penjelasan Direksi
Explanation from the Board of Directors
Penjelasan Direksi
D.1 268
Explanation from the Board of Directors
Tata Kelola Keberlanjutan
Sustainability Governance
Penanggungjawab Penerapan Keuangan Berkelanjutan
E.1 273
Person in Charge of Sustainable Finance Implementation
Pengembangan Kompetensi terkait Keuangan Berkelanjutan
E.2 274
Competency Development related to Sustainable Finance
Penilaian Risiko atas Penerapan Keuangan Berkelanjutan
E.3 261
Risk Assessment of Sustainable Finance Implementation
Hubungan dengan Pemangku Kepentingan
E.4 275
Relationship with Stakeholders
Permasalahan terhadap Penerapan Keuangan Berkelanjutan
E.5 265
Problems in Sustainable Finance Implementation
Kinerja Keberlanjutan
Sustainability Performance
Kegiatan Membangun Budaya Keberlanjutan
F.1 274
Building a Sustainability Culture
2025 Annual Report 305 PT MSIG Life Insurance Indonesia Tbk
Page 308
No. Indeks Nama Indeks Halaman
Index No. Index Name Page
Kinerja Ekonomi
Economic Performance
Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan
dan Laba Rugi
F.2 277
Comparison of Target and Performance of Production, Portfolio, Financing Targets, or Investment,
Income and Profit and Loss
Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen
Keuangan atau Proyek yang Sejalan dengan Keuangan Berkelanjutan
F.3 278
Comparison of Target and Performance of Portfolio, Financing Targets, or Investment on Financial
Instruments or Projects in Line with Sustainable Finance
Kinerja Lingkungan Hidup
Environmental Performance
Aspek Umum
General Aspect
Biaya Lingkungan Hidup
F.4 301
Environmental Cost
Aspek Material
Material Aspect
Penggunaan Material yang Ramah Lingkungan
F.5 298
Use of Environmentally Friendly Materials
Aspek Energi
Energy Aspect
Jumlah dan Intensitas Energi yang Digunakan
F.6 298
Amount and Intensity of Energy Consumed
Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
F.7 298
Efforts and Achievements of Energy Efficiency and Renewable Energy Consumption
Aspek Air
Water Aspect
Penggunaan Air
F.8 299
Water Usage
Aspek Keanekaragaman Hayati
Biodiversity Aspect
Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki
F.9 Keanekaragaman Hayati 299
Impact of Operational Area Adjacent to or In Conservation Areas or Areas with Biodiversity
Usaha Konservasi Keanekaragaman Hayati
F.10 299
Biodiversity Conservation Efforts
Aspek Emisi
Emission Aspect
Jumlah dan Intensitas Emisi yang Dihasilkan berdasarkan Jenisnya
F.11 N/A
Amount and Intensity of Emissions Generated by Type
Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
F.12 267
Efforts and Achievements of Emission Reduction Implemented
Aspek Limbah dan Efluen
Wast and Effluent
Jumlah Limbah dan Efluen yang Dihasilkan berdasarkan Jenis
F.13 N/A
Amount and Intensity of Emissions Generated by Type
Mekanisme Pengelolaan Limbah dan Efluen
F.14 300
Waste and Effluent Management Mechanism
Tumpahan yang Terjadi (Jika Ada)
F.15 300
Spill (If Any)
Aspek Pengaduan terkait Lingkungan Hidup
Aspect of Complaint related to Environment
Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan
F.16 301
Number and Material of Environmental Complaints Received and Resolved
PT MSIG Life Insurance Indonesia Tbk 306 Laporan Tahunan 2025
Page 309
No. Indeks Nama Indeks Halaman
Index No. Index Name Page
Kinerja Sosial
Social Performance
Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara kepada Konsumen
F.17 279
Commitment to Providing Equal Products and/or Services to Customers
Aspek Ketenagakerjaan
Employment Aspect
Kesetaraan Kesempatan Bekerja
F.18 284
Equal Employment Opportunity
Tenaga Kerja Anak dan Tenaga Kerja Paksa
F.19 285
Child Labor and Forced Labor
Upah Minimum Regional
F.20 285
Regional Minimum Wage
Lingkungan Bekerja yang Layak dan Aman
F.21 290
Decent and Safe Working Environment
Pelatihan dan Pengembangan Kemampuan Pegawai
F.22 286
Employee Training and Development
Aspek Masyarakat
Community Aspect
Dampak Operasi terhadap Masyarakat Sekitar
F.23 292
Impacts of Operations on Surrounding Community
Pengaduan Masyarakat
F.24 296
Community Complaint
Kegiatan Tanggung Jawab Sosial Lingkungan
F.25 292
Environmental Social Responsibility Activities
Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
Responsibility for Sustainable Product/Service Development
Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan
F.26 280
Sustainable Finance Products/Services Innovation and Development
Produk/Jasa yang Sudah Dievaluasi Keamanannya bagi Pelanggan
F.27 281
Products/Services with Evaluated Customer Safety
Dampak Produk/Jasa
F.28 280
Impacts of Products/Services
Jumlah Produk yang Ditarik Kembali
F.29 281
Number of Products Recalled
Survei Kepuasan Pelanggan terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
F.30 281
Customer Satisfaction Survey on Sustainable Finance Products and/or Services
Lain-lain
Miscellaneous
Verifikasi Tertulis dari Pihak Independen (Jika Ada)
G.1 302
Written Verification from Independent Party (If Any)
Lembar Umpan Balik
G.2 303
Feedback Form
Tanggapan terhadap Umpan Balik Laporan Tahun Sebelumnya
G.3 302
Response to Previous Year’s Report Feedback
Daftar Pengungkapan sesuai Peraturan Otoritas Jasa Keuangan No. 51/POJK.03/2017
G.4 305
List of Disclosures according to Financial Services Authority Regulation No. 51/POJK.03/2017
2025 Annual Report 307 PT MSIG Life Insurance Indonesia Tbk
Page 310
Daftar Pengungkapan Indeks Referensi
Kriteria ESG-IDXNet
Disclosures List of ESG-IDXNet Criteria Reference Index
Kode Kinerja
Nama Metrik Halaman
Performance Metric Name Page
Code
Lingkungan
Environment
Laporan Emisi Gas Rumah Kaca
E-01 N/A
Greenhouse Gas Emissions Report
Intensitas Emisi Gas Rumah Kaca
E-02 N/A
Greenhouse Gas Emissions Intensity
Konsumsi Energi Listrik
E-03 298
Electricity Energy Consumption
Konsumsi Air
E-04 299
Water Consumption
Limbah yang Dihasilkan
E-05 N/A
Waste Generated
Komitmen Perusahaan untuk Mencapai Target Net Zero Emission
E-06 N/A
Company’s Commitment to Achieve Net Zero Emission Target
Komitmen Perusahaan untuk Mengurangi Emisi Gas Rumah Kaca
E-07 N/A
Company’s Commitment to Reduce Greenhouse Gas Emissions
Sosial
Social
Kesetaraan Gender
S-01 284
Gender Equality
Pegawai berdasarkan Gender dan Kelompok Umur
S-02 285
Employees by Gender and Age Group
Tingkat Pergantian Pegawai
S-03 289
Employee Turnover Rate
Jumlah Pegawai Sementara
S-04 290
Number of Temporary Employees
Pelatihan dan Pengembangan Pegawai
S-05 286
Employee Training and Development
Jumlah Kecelakaan Kerja
S-06 290
Number of Work Accidents
Kejadian Pelanggaran Hak Asasi Manusia
S-07 288
Incidents of Human Rights Violations
Kebijakan Pelecehan Seksual dan/atau Non-Diskriminasi
S-08 289
Sexual Harassment and/or Non-Discrimination Policy
Kebijakan Mengenai Hak Asasi Manusia
S-09 288
Human Rights Policy
Kebijakan Pekerja Anak dan/atau Pekerja Paksa
S-10 285
Child Labor and/or Forced Labor Policy
Kebijakan Mengenai Kesehatan dan Keselamatan Kerja serta Lingkungan Kerja yang Aman dan Layak
Diberikan kepada Seluruh Karyawan
S-11 290
Occupational Health and Safety Policy and Safe and Appropriate Working Environment Provided to
All Employees
S-12 Corporate Social Responsibility 293
PT MSIG Life Insurance Indonesia Tbk 308 Laporan Tahunan 2025
Page 311
Kode Kinerja
Nama Metrik Halaman
Performance Metric Name Page
Code
Tata Kelola
Governance
Keberagaman Manajemen dan Independensi
G-01 190
Management Diversity and Independence
Total Kehadiran Direksi dan Komisaris ke Rapat Dewan
G-02 169-179
Total Attendance of Directors and Commissioners to Board Meetings
Kebijakan Pemisahan Chairman of the Board dan CEO
G-03 N/A
Policy for the Separation of Chairman of the Board and CEO
Kebijakan Penilaian Dewan Komisaris dan Direksi
G-04 171-180
Assessment Policy for the Board of Commissioners and Board of Directors
Kebijakan Pelatihan Dewan Komisaris dan Direksi
G-05 186
Training Policy for the Board of Commissioners and Board of Directors
Kriteria Khusus Pemilihan Dewan
G-06 183
Specific Criteria for the Board Nomination
Kode Etik dan/atau Anti-Korupsi
G-07 239-245
Code of Conduct and/or Anti-Corruption
Kebijakan Perlakuan Adil terhadap Pemegang Saham
G-08 247
Fair Treatment of Shareholders Policy
Pencegahan Konflik Kepentingan
G-09 247
Conflict of Interest Prevention
2025 Annual Report 309 PT MSIG Life Insurance Indonesia Tbk
Page 312
LAPORAN
KEUANGAN
Financial Statements
PT MSIG Life Insurance Indonesia Tbk 310 Laporan Tahunan 2025
Page 313
2025 Annual Report 311 PT MSIG Life Insurance Indonesia Tbk
Page 314
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Page 315
PT MSIG Life Insurance Indonesia Tbk Laporan keuangan tanggal 31 Desember 2025 dan untuk tahun yang berakhir pada tanggal tersebut beserta laporan auditor independen/ Financial statements as of December 31, 2025 and for the year then ended with independent auditor’s report
Page 316
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN KEUANGAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2025 AS OF DECEMBER 31, 2025
DAN UNTUK TAHUN YANG BERAKHIR AND FOR THE YEAR THEN ENDED
PADA TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Direksi Statement of Directors
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan ................................................ 1-2 ................................... Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss and
Komprehensif Lain ..................................................... 3-4 ................................Other Comprehensive Income
Laporan Perubahan Ekuitas ............................................ 5-6 .................................. Statement of Changes in Equity
Laporan Arus Kas ............................................................ 7-8 .............................................Statement of Cash Flows
Catatan Atas Laporan Keuangan ..................................... 9-182 ............................... Notes to the Financial Statements
************************
Page 317
Page 318
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 3/1/III/2026
Pemegang Saham, Dewan Komisaris, dan
Direksi The Shareholders and the Boards of
PT MSIG Life Insurance Indonesia Tbk Commissioners and Directors
PT MSIG Life Insurance Indonesia Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan PT MSIG We have audited the accompanying financial
Life Insurance Indonesia Tbk (“Perusahaan”) statements of PT MSIG Life Insurance Indonesia
terlampir, yang terdiri dari laporan posisi Tbk (the “Company”), which comprise the
keuangan tanggal 31 Desember 2025, serta statement of financial position as of December 31,
laporan laba rugi dan penghasilan komprehensif 2025, and the statement of profit or loss and other
lain, laporan perubahan ekuitas, dan laporan arus comprehensive income, statement of changes in
kas untuk tahun yang berakhir pada tanggal equity, and statement of cash flows for the year
tersebut, serta catatan atas laporan keuangan, then ended, and notes to the financial statements,
termasuk informasi kebijakan akuntansi material. including material accounting policy information.
Menurut opini kami, laporan keuangan terlampir In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang statements present fairly, in all material respects,
material, posisi keuangan Perusahaan tanggal the financial position of the Company as of
31 Desember 2025, serta kinerja keuangan dan December 31, 2025, and its financial performance
arus kasnya untuk tahun yang berakhir pada and cash flows for the year then ended, in
tanggal tersebut, sesuai dengan Standar accordance with Indonesian Financial Accounting
Akuntansi Keuangan di Indonesia. Standards.
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan (“IICPA”). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan Responsibilities for the Audit of the Financial
pada laporan kami. Kami independen terhadap Statements paragraph of our report. We are
Perusahaan berdasarkan ketentuan etika yang independent of the Company in accordance with
relevan dalam audit kami atas laporan keuangan the ethical requirements relevant to our audit of
di Indonesia, dan kami telah memenuhi tanggung the financial statements in Indonesia, and we have
jawab etika lainnya berdasarkan ketentuan fulfilled our other ethical responsibilities in
tersebut. Kami yakin bahwa bukti audit yang telah accordance with such requirements. We believe
kami peroleh adalah cukup dan tepat untuk that the audit evidence we have obtained is
menyediakan suatu basis bagi opini kami. sufficient and appropriate to provide a basis for our
opinion.
KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/MK/SK/2025 i
A member firm of Ernst & Young Global Limited
Page 319
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Hal audit utama Key audit matter
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas our audit of the financial statements of the current
laporan keuangan periode kini. Hal audit utama period. Such key audit matters were addressed in
tersebut disampaikan dalam konteks audit kami the context of our audit of the financial statements
atas laporan keuangan secara keseluruhan, dan taken as a whole, and in forming our opinion
dalam merumuskan opini kami atas laporan thereon, and we do not provide a separate opinion
keuangan terkait, dan kami tidak menyatakan on such key audit matters. For the key audit matter
suatu opini terpisah atas hal audit utama tersebut. below, our description of how our audit addressed
Untuk hal audit utama di bawah ini, penjelasan such key audit matter is provided in such context.
kami tentang bagaimana audit kami merespons
hal tersebut disampaikan dalam konteks tersebut.
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Financial Statements paragraph of our report,
pada laporan kami, termasuk sehubungan dengan including in relation to the key audit matter
hal audit utama yang dikomunikasikan di bawah communicated below. Accordingly, our audit
ini. Oleh karena itu, audit kami mencakup included the performance of procedures designed
pelaksanaan prosedur yang didesain untuk to respond to our assessment of the risks of
merespons penilaian kami atas risiko kesalahan material misstatement of the accompanying
penyajian material dalam laporan keuangan financial statements. The results of our audit
terlampir. Hasil prosedur audit kami, termasuk procedures, including the procedures performed to
prosedur yang dilakukan untuk merespons hal address the key audit matter below, provide the
audit utama di bawah ini, menyediakan basis bagi basis for our opinion on the accompanying financial
opini kami atas laporan keuangan terlampir. statements.
Penilaian dari Liabilitas Kontrak Asuransi dan Valuation of Insurance Contract Liabilities and
dampak penerapan pertama kali PSAK 117 impact of the first-time implementation of SFAS
”Kontrak Asuransi” 117 “Insurance Contracts”
Penjelasan atas hal audit utama: Description of the key audit matter:
Pada tanggal 1 Januari 2025, Perusahaan On January 1, 2025, the Company adopted SFAS
menerapkan PSAK 117 “Kontrak Asuransi”, yang 117 “Insurance Contracts”, which replaces the
menggantikan standar sebelumnya, PSAK 104. previous standard, SFAS 104. SFAS 117
PSAK 117 menetapkan prinsip untuk pengakuan, establishes principles for the recognition,
pengukuran, penyajian, dan pengungkapan measurement, presentation, and disclosure of
kontrak asuransi. insurance contracts.
Dampak kumulatif dari penerapan awal PSAK 117 The cumulative effect of the initial implementation
pada tanggal transisi 1 Januari 2024 sebesar of SFAS 117 on the transition date January 1,
Rp677.542 juta telah diakui dalam saldo awal 2024 amounting to Rp677,542 million was
ekuitas Perusahaan pada tanggal 1 Januari 2024. recognized in the Company’s opening equity
balance as of January 1, 2024.
ii
A member firm of Ernst & Young Global Limited
Page 320
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Hal audit Utama (lanjutan) Key audit matter (continued)
Penilaian dari Liabilitas Kontrak Asuransi dan Valuation of Insurance Contract Liabilities and
dampak penerapan pertama kali PSAK 117 impact of the first-time implementation of SFAS
”Kontrak Asuransi” (lanjutan) 117 “Insurance Contracts” (continued)
Penjelasan atas hal audit utama: (lanjutan) Description of the key audit matter: (continued)
Manajemen menerapkan pertimbangan untuk Management applied judgments to determine the
menentukan penggunaan pendekatan retrospektif use of the full retrospective and fair value approach
penuh dan pendekatan nilai wajar pada saat in the initial implementation of the standard.
penerapan standar pertama kali.
Seperti yang dijelaskan dalam Catatan 7 atas As described in Note 7 to the financial statements,
laporan keuangan, liabilitas kontrak asuransi pada the insurance contract liabilities of the Company as
tanggal 31 Desember 2025 adalah sebesar of December 31, 2025 was Rp6,164,445 million.
Rp6.164.445 juta.
Penilaian manajemen atas liabilitas kontrak Management’s valuation of the insurance contract
asuransi ini melibatkan pertimbangan signifikan liabilities involves significant judgment about
terkait ketidakpastian hasil masa depan, termasuk uncertain future outcomes, including the
pengembangan metodologi dan asumsi aktuaria development of key actuarial methodologies and
utama. Asumsi-asumsi ini diterapkan dalam assumptions. These assumptions are setting within
perhitungan pemenuhan arus kas dan margin jasa the fulfillment cash flows and contractual service
kontraktual (MJK). margin (CSM) calculations.
Arus kas pemenuhan mencakup semua arus kas Fulfillment cash flows include all cash inflows and
masuk dan arus kas keluar yang langsung terkait cash outflows, directly attributable to the
dengan kontrak asuransi, ditentukan insurance contract, are determined using
menggunakan asumsi pada tanggal penilaian, assumptions as at the valuation date, and are
yang mengandung pertimbangan yang signifikan subjected to significant judgment in the estimation
dalam estimasi arus kas yang diharapkan. of expected cash flows.
Margin jasa kontraktual (MJK) merepresentasikan Contractual service margin (CSM) represents the
laba yang belum diakui oleh Perusahaan dan akan unearned profit of the Company and will be
diakui seiring dengan penyediaan jasa recognized as it provides service under the
berdasarkan kontrak asuransi. Amortisasi MJK insurance contracts. The amortization of CSM is a
merupakan komponen utama dari pendapatan key component of insurance revenue under SFAS
asuransi berdasarkan PSAK 117, dan perhitungan 117 and the calculation of coverage units on which
unit pertanggungan yang menjadi dasar the amortization of CSM is based involves
amortisasi MJK memerlukan pertimbangan significant management judgment. The
manajemen yang signifikan. Perhitungan MJK calculations of CSM are complex and involved
adalah komplek dan melibatkan asumsi yang subjectivity of assumptions in determining
mengandung subjektivitas dalam menentukan coverage units and movements in the CSM.
unit pertanggungan dan dalam pergerakan MJK.
iii
A member firm of Ernst & Young Global Limited
Page 321
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Penilaian dari Liabilitas Kontrak Asuransi dan Valuation of Insurance Contract Liabilities and
dampak penerapan pertama kali PSAK 117 impact of the first-time implementation of SFAS
”Kontrak Asuransi” (lanjutan) 117 “Insurance Contracts” (continued)
Respons audit: Audit response:
Kami memeroleh pemahaman atas proses We obtained an understanding of management’s
manajemen dalam melakukan transisi ke standar process for the transition to new standard for
baru untuk liabilitas kontrak asuransi, termasuk insurance contract liabilities including the
transisi MJK. Kami menguji penilaian liabilitas transition CSM. We tested the valuation of the
kontrak asuransi dengan melibatkan pakar auditor insurance contract liabilities by involving auditor’s
internal, menilai kewajaran asumsi-asumsi kunci internal expert, assessing the appropriateness of
yang digunakan, dan mengevaluasi metodologi dan key assumptions used, and evaluating the
perhitungan liabilitas kontrak asuransi termasuk methodology and calculations of insurance
transisi MJK dan dengan melakukan perhitungan contract liabilities including the transition CSM,
secara independen atas liabilitas kontrak asuransi and performing independent calculation of the
untuk sampel kelompok kontrak. insurance contract liability for a sample of group of
contracts.
Kami memeroleh pemahaman atas proses We obtained an understanding of management’s
manajemen terkait asumsi ekonomi dan non process for economic and non-economic
ekonomi, menguji asumsi-asumsi yang digunakan assumptions, tested the assumptions used in the
dalam model, menguji kelengkapan dan keakuratan models, tested the completeness and accuracy of
data yang digunakan dalam perhitungan liabilitas the data used in calculating insurance contract
kontrak asuransi yang diproses oleh pakar internal liabilities processed by internal management’s
aktuaria manajemen, menilai kewajaran actuarial experts, assessed the appropriateness of
metodologi yang digunakan dalam penilaian the methodology used in the valuation of insurance
liabilitas kontrak asuransi, menguji akurasi contract liabilities, tested the accuracy of
perhitungan terkait pemenuhan arus kas, margin calculations related to fulfillment cash flows and
jasa kontraktual, beserta penerapannya dalam contractual service margin, along with their
model aktuaria, menilai berdasarkan pengujian application in the actuarial model, on a sample
sampel, kewajaran penentuan unit pertanggungan basis, tested the appropriateness of management’s
oleh manajemen, dan menilai kecukupan determination of coverage units, and assessed the
pengungkapan dalam laporan keuangan sesuai adequacy of the disclosure in the financial
dengan persyaratan Standar Akuntansi Keuangan statements in accordance with the requirements of
di Indonesia. Kami melibatkan pakar auditor the Indonesian Financial Accounting Standards. We
internal kami untuk membantu kami dalam involved our auditor’s internal expert in the
melakukan prosedur-prosedur di atas ketika performance of the above procedures where their
keahlian spesifik mereka diperlukan. specific expertise was required.
iv
A member firm of Ernst & Young Global Limited
Page 322
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Informasi lain Other information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2025 information included in the Annual Report 2025
(“Laporan Tahunan”) selain laporan keuangan (the “Annual Report”) other than the
terlampir dan laporan auditor independen kami. accompanying financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi independent auditor’s report thereon. The Annual
kami setelah tanggal laporan auditor independen Report is expected to be made available to us after
ini. the date of this independent auditor’s report.
Opini kami atas laporan keuangan terlampir tidak Our opinion on the accompanying financial
mencakup Laporan Tahunan, dan oleh karena itu, statements does not cover the Annual Report, and
kami tidak menyatakan bentuk keyakinan apapun accordingly, we do not express any form of
atas Laporan Tahunan tersebut. assurance on the Annual Report.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan terlampir, tanggung jawab kami adalah financial statements, our responsibility is to read
untuk membaca Laporan Tahunan ketika tersedia the Annual Report when it becomes available and,
dan, dalam melaksanakannya, in doing so, consider whether the Annual Report is
mempertimbangkan apakah Laporan Tahunan materially inconsistent with the accompanying
mengandung ketidakkonsistensian material financial statements or our knowledge obtained in
dengan laporan keuangan terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, atau misstated.
mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan regulations.
peraturan perundang-undangan yang berlaku.
v
A member firm of Ernst & Young Global Limited
Page 323
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the financial
laporan keuangan statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan tersebut fair presentation of the financial statements in
sesuai dengan Standar Akuntansi Keuangan di accordance with Indonesian Financial Accounting
Indonesia, dan atas pengendalian internal yang Standards, and for such internal control as
dianggap perlu oleh manajemen untuk management determines is necessary to enable the
memungkinkan penyusunan laporan keuangan preparation of financial statements that are free
yang bebas dari kesalahan penyajian material, from material misstatement, whether due to fraud
baik yang disebabkan oleh kecurangan maupun or error.
kesalahan.
Dalam penyusunan laporan keuangan, In preparing the financial statements, management
manajemen bertanggung jawab untuk menilai is responsible for assessing the Company’s ability
kemampuan Perusahaan dalam to continue as a going concern, disclosing, as
mempertahankan kelangsungan usahanya, applicable, matters related to going concern, and
mengungkapkan, sesuai dengan kondisinya, hal- using the going concern basis of accounting, unless
hal yang berkaitan dengan kelangsungan usaha, management either intends to liquidate the
dan menggunakan basis akuntansi kelangsungan Company or to cease its operations, or has no
usaha, kecuali manajemen memiliki intensi untuk realistic alternative but to do so.
melikuidasi Perusahaan atau menghentikan
operasi, atau tidak memiliki alternatif yang
realistis selain melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Company’s financial reporting
pelaporan keuangan Perusahaan. process.
vi
A member firm of Ernst & Young Global Limited
Page 324
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan financial statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the financial statements taken as a
secara keseluruhan bebas dari kesalahan whole are free from material misstatement,
penyajian material, baik yang disebabkan oleh whether due to fraud or error, and to issue an
kecurangan maupun kesalahan, dan untuk independent auditor’s report that includes our
menerbitkan laporan auditor independen yang opinion. Reasonable assurance is a high level of
mencakup opini kami. Keyakinan memadai assurance, but is not a guarantee that an audit
merupakan suatu tingkat keyakinan tinggi, namun conducted in accordance with Standards on
bukan merupakan suatu jaminan bahwa audit Auditing established by the IICPA will always detect
yang dilaksanakan berdasarkan Standar Audit a material misstatement when it exists.
yang ditetapkan oleh IAPI akan selalu mendeteksi Misstatements can arise from fraud or error and are
kesalahan penyajian material ketika hal tersebut considered material if, individually or in the
ada. Kesalahan penyajian dapat disebabkan oleh aggregate, they could reasonably be expected to
kecurangan maupun kesalahan dan dianggap influence the economic decisions of users taken on
material jika, baik secara individual maupun the basis of these financial statements.
agregat, dapat diekspektasikan secara wajar akan
memengaruhi keputusan ekonomi yang diambil
oleh pengguna berdasarkan laporan keuangan
tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan, misstatement of the financial statements,
baik yang disebabkan oleh kecurangan whether due to fraud or error, design and
maupun kesalahan, mendesain dan perform audit procedures responsive to such
melaksanakan prosedur audit yang responsif risks, and obtain audit evidence that is
terhadap risiko tersebut, serta memeroleh sufficient and appropriate to provide a basis for
bukti audit yang cukup dan tepat untuk our opinion. The risk of not detecting a material
menyediakan basis bagi opini kami. Risiko misstatement resulting from fraud is higher
tidak terdeteksinya suatu kesalahan than for one resulting from error, as fraud may
penyajian material yang disebabkan oleh involve collusion, forgery, intentional
kecurangan lebih tinggi dari yang disebabkan omissions, misrepresentations, or override of
oleh kesalahan, karena kecurangan dapat internal control.
melibatkan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian atas pengendalian internal.
vii
A member firm of Ernst & Young Global Limited
Page 325
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal the Company’s internal control.
Perusahaan.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertainty exists
ketidakpastian material yang terkait dengan related to events or conditions that may cast
peristiwa atau kondisi yang dapat significant doubt on the Company's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Perusahaan untuk that a material uncertainty exists, we are
mempertahankan kelangsungan usahanya. required to draw attention in our independent
Ketika kami menyimpulkan bahwa terdapat auditor’s report to the related disclosures in
suatu ketidakpastian material, kami the financial statements or, if such disclosures
diharuskan untuk menarik perhatian dalam are inadequate, to modify our opinion. Our
laporan auditor independen kami ke conclusion is based on the audit evidence
pengungkapan terkait dalam laporan obtained up to the date of our independent
keuangan atau, jika pengungkapan tersebut auditor’s report. However, future events or
tidak memadai, memodifikasi opini kami. conditions may cause the Company to cease to
Kesimpulan kami didasarkan pada bukti audit continue as a going concern.
yang diperoleh hingga tanggal laporan auditor
independen kami. Namun, peristiwa atau
kondisi masa depan dapat menyebabkan
Perusahaan tidak dapat mempertahankan
kelangsungan usaha.
viii
A member firm of Ernst & Young Global Limited
Page 326
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00384/2.1505/AU.1/08/1800- Report No. 00384/2.1505/AU.1/08/1800-
3/1/III/2026 (lanjutan) 3/1/III/2026 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan) financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan secara keseluruhan, and content of the financial statements,
termasuk pengungkapannya, dan apakah including the disclosures, and whether the
laporan keuangan mencerminkan transaksi financial statements represent the underlying
dan peristiwa yang mendasarinya dengan transactions and events in a manner that
suatu cara yang mencapai penyajian wajar. achieves fair presentation.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang relevant ethical requirements regarding
relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
ix
A member firm of Ernst & Young Global Limited
Page 327
A member firm of Ernst & Young Global Limited
Page 328
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1 Januari 2024/
31 Desember 2023*/
Catatan/ 31 Desember/ 31 Desember*/ January 1, 2024/
Notes December 31, 2025 December 31, 2024* December 31, 2023*
ASET ASSETS
Kas dan bank 2k,2o,4 1.001.539 668.876 780.815 Cash on hand and in banks
Piutang kontribusi 2o 4.728 1.136 1.707 Premium receivables
Piutang investasi 2o,6 164.607 167.949 157.775 Investment receivables
Piutang lain-lain 2o 51.304 18.867 22.416 Other receivables
Biaya dibayar di muka 2h,8,2o 105.078 136.191 141.677 Prepaid expenses
Investasi 2d,2o,5 14.077.352 12.918.870 13.202.709 Investments
Aset kontrak asuransi 2l,7 - - - Insurance contract assets
Aset kontrak reasuransi 2l,7 - - 8.518 Reinsurance contract assets
Aset tetap - neto 2f,9 162.482 168.809 155.457 Fixed assets - net
Aset hak-guna - neto 2q,10 17.041 7.904 16.360 Right-of-use assets - net
Aset lain-lain 2g,2o,11 287.071 283.855 304.469 Other assets
TOTAL ASET 15.871.202 14.372.457 14.791.903 TOTAL ASSETS
LIABILITAS LIABILITIES
Utang komisi 2o 1.835 2.776 6.647 Commission payables
Liabilitas kepada pemegang Insurance contract liabilities
Polis - syariah: policyholders - sharia:
Liabilitas manfaat polis Liability for future policy
masa depan 2m 129.493 150.546 167.611 benefits
Premi belum merupakan Unearned
pendapatan 2m 4.754 4.096 4.164 premiums
Estimasi liabilitas klaim 2m 19.396 19.284 18.130 Estimated claim liabilities
Utang klaim 2m,2o 1.244 1.263 2.030 Claims payable
Liabilitas kontrak asuransi 2l,7 6.164.445 4.961.616 5.576.506 Insurance contract liabilities
Liabilitas kontrak reasuransi 2l 11.180 3.788 - Reinsurance contract liabilities
Beban akrual 2o,12 139.692 112.720 93.919 Accrued expenses
Liabilitas imbalan pasca kerja 2p,17 21.821 26.110 18.301 Post-employment benefits liabilities
Liabilitas sewa 2q,13 15.453 6.876 14.696 Lease liabilities
Utang pajak 2r,14 2.025 4.659 8.678 Taxes payable
Liabilitas pajak tangguhan 2r,14 61.660 28.907 36.765 Deffered tax liabilities
Utang lain-lain 2o,15 223.762 112.375 171.157 Other payables
Simpanan pemegang polis 16 328.836 281.463 205.749 Policyholders’ deposits
Ujrah diterima dimuka 2m 41.909 55.419 57.642 Unearned ujrah
TOTAL LIABILITAS 7.167.505 5.771.898 6.381.995 TOTAL LIABILITIES
DANA PESERTA 20 193.306 184.595 240.831 PARTICIPANTS’ FUND
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34 *)
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form an
bagian yang tidak terpisahkan dari laporan keuangan integral part of these financial statements
ini secara keseluruhan. taken as a whole.
1
Page 329
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2025 As of December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1 Januari 2024/
31 Desember 2023*/
Catatan/ 31 Desember/ 31 Desember*/ January 1, 2024/
Notes December 31, 2025 December 31, 2024* December 31, 2023*
EKUITAS EQUITY
Modal saham - nilai nominal Share capital - Rp100 (full
Rp100 (nilai penuh) per saham amount) par value per share
Modal dasar, ditempatkan dan Authorized, issued
disetor penuh - 2.100.000.000 and fully paid -
Modal ditempatkan dan disetor 2,100,000,000
penuh (nilai penuh) saham 18 210.000 210.000 210.000 (full amount) shares
Tambahan modal disetor 18 6.842.500 6.842.500 6.842.500 Additional paid-in capital
Keuntungan yang belum Unrealized gain on
direalisasi atas perubahan changes in fair value
nilai wajar efek utang yang of debt securities
diukur pada nilai wajar at fair value through
melalui penghasilan other comprehensive
komprehensif lain - neto 5 410.183 62.407 191.502 income - net
Penyisihan kerugian Allowance for
penurunan nilai impairment losses
atas efek yang diukur on securities
pada nilai wajar at fair value through
melalui penghasilan other comprehensive
komprehensif lain 5 6.062 2.867 2.280 income
Surplus revaluasi tanah Revaluation surplus on
dan bangunan - neto 2f,9 113.331 118.229 107.257 land and buildings - net
Cadangan keuangan asuransi (214.684) (66.807) (129.835) Insurance finance reserve
Saldo laba 1.142.999 1.246.768 945.373 Retained earnings
Total EKUITAS 8.510.391 8.415.964 8.169.077 Total EQUITY
TOTAL LIABILITAS, DANA TOTAL LIABILITIES, TABARRU'
TABARRU’ DAN EKUITAS 15.871.202 14.372.457 14.791.903 FUND AND EQUITY
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34 *)
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form an
bagian yang tidak terpisahkan dari laporan keuangan integral part of these financial statements
ini secara keseluruhan. taken as a whole.
2
Page 330
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024*)
Hasil jasa asuransi Insurance service result
Pendapatan asuransi 1.968.826 7 1.554.247 Insurance revenue
Beban jasa asuransi (2.033.406) 7 (1.504.265) Insurance service expense
Pendapatan (beban) bersih Net income (expense)
dari kontrak reasuransi from reinsurance
yang dimiliki (17.982) 7 (25.285) contract held
Total hasil jasa asuransi (82.562) 24.697 Total insurance service result
Pendapatan pengelolaan Income from operational
operasi asuransi management on sharia
syariah (ujrah) 40.964 2m 41.002 insurance (ujrah)
Pendapatan investasi - neto 1.039.703 21,22 569.017 Investment income - net
Penyisihan kerugian Provision for
penurunan nilai (10.533) (5.177) impairment losses
Total pendapatan investasi 1.070.134 604.842 Total investment income
Beban keuangan dari Finance expenses from
kontrak asuransi (400.675) (75.467) insurance contracts
Beban keuangan bersih (400.675) (75.467) Net finance expenses
Beban umum General and
dan administrasi (286.307) 7 (180.728) administrative expenses
Pendapatan lain-lain 68.257 23 169.730 Other income
Beban lain-lain (87.240) 23 (100.637) Other expenses
Laba sebelum beban pajak Income before final tax
final dan beban expense and income tax
pajak penghasilan 281.607 442.437 expense
Pajak final (75.379) 2n (73.301) Final tax
LABA SEBELUM BEBAN 206.228 369.136 INCOME BEFORE
PAJAK PENGHASILAN INCOME TAX EXPENSE
Manfaat pajak penghasilan - 2n,14 2.553 Income tax benefit
LABA TAHUN BERJALAN 206.228 371.689 INCOME FOR THE YEAR
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34 *)
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form an
bagian yang tidak terpisahkan dari laporan keuangan integral part of these financial statements
ini secara keseluruhan. taken as a whole.
3
Page 331
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF LAIN (lanjutan) AND OTHER COMPREHENSIVE
Untuk Tahun yang Berakhir pada Tanggal INCOME (continued)
31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024*
LABA TAHUN BERJALAN 206.228 371.689 INCOME FOR THE YEAR
Penghasilan komprehensif lain: Other comprehensive income:
Pos yang akan direklasifikasi Item that will be reclassified
ke laba rugi to profit or loss
Keuntungan (kerugian) yang Unrealized gain (loss) on
belum direalisasi atas changes in fair value of
perubahan nilai wajar efek securities at fair value through
yang diukur pada nilai wajar other comprehensive
melalui penghasilan komprehensif lain 381.629 5h (137.138) income
Pajak penghasilan terkait (33.853) 5h,14 8.043 Related income tax
Penyisihan kerugian Allowance for
penurunan nilai atas efek impairment losses
yang diukur pada nilai wajar on securities measured at
melalui penghasilan fair value through other
komprehensif lain 3.195 5h 587 comprehensive income
(Beban) pendapatan keuangan dari Finance (expenses) income from
kontrak asuransi yang diterbitkan (147.877) 5h 63.028 insurance contract issued
Pos yang tidak akan direklasifikasi Item that will not be
ke laba rugi reclassified to profit or loss
Surplus revaluasi Revaluation surplus
tanah dan bangunan (6.279) 2f,9 13.806 on land and buildings
Pajak penghasilan terkait 1.381 2n,14 (2.834) Related income tax
Pengukuran kembali liabilitas Remeasurement of
imbalan kerja karyawan 19.724 2p,19b 4.375 employee benefits liability
Penghasilan (rugi) Other comprehensive
komprehensif lain, (loss) income,
setelah pajak 217.920 (50.133) net of tax
TOTAL PENGHASILAN TOTAL COMPREHENSIVE
KOMPREHENSIF INCOME
TAHUN BERJALAN 424.148 321.556 FOR THE YEAR
LABA PER BASIC EARNINGS
SAHAM DASAR (nilai penuh) 98 2v,24 177 PER SHARE (full amount)
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34 *)
Catatan atas laporan keuangan terlampir merupakan The accompanying notes to the financial statements form an
bagian yang tidak terpisahkan dari laporan keuangan integral part of these financial statements
ini secara keseluruhan. taken as a whole.
4
Page 332
The original financial statements included herein are in the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Kerugian yang Penyisihan
belum direalisasi kerugian penurunan
atas perubahan nilai atas efek
nilai wajar efek yang diukur
yang diukur pada nilai wajar
pada nilai wajar melalui penghasilan
melalui penghasilan komprehensif
komprehensif lain-neto/ lain/Allowance
Unrealized loss for impairment Surplus revaluasi
Modal saham on changes in losses on tanah dan Cadangan
ditempatkan dan fair value of securities measured bangunan - neto/ keuangan Saldo laba/Retained earnings
disetor penuh/ Tambahan securities at at fair value Revaluation asuransi/
Issued and modal disetor fair value through through other surplus on Insurance Cadangan umum/ Belum ditentukan
Catatan/ fully paid Additional other comprehensive other comprehensive land and finance Appropriated for penggunaannya/ Total Ekuitas/
Notes share capital paid-in capital income - net income buildings - net reserve general reserve Unappropriated Total Equity
Saldo pada tanggal 31 Desember 2023 210.000 6.842.500 191.502 2.280 107.257 - 8.771 129.225 7.491.535 Balance as of December 31, 2023
Penyesuaian saldo awal atas Adjustment on the opening balance on the
penerapan PSAK 117, neto*) 33 - - - - - (129.835) - 807.377 677.542 Implementation of PSAK 117, net
Saldo pada tanggal 1 Januari 2024 Balance as of January 1, 2024
(disajikan kembali) 210.000 6.842.500 191.502 2.280 107.257 (129.835) 8.771 936.602 8.169.077 (restated)
Laba tahun berjalan - - - - - - - 371.689 371.689 Income for the year
Kerugian yang belum Unrealized loss on changes
direalisasi atas perubahan nilai wajar in fair value of securities
efek yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain - neto - - (129.095) - - - - (129.095) comprehensive income - net
Cadangan umum 19 - - - - - - 762 (762) - Appropriated for general reserve
Pengukuran kembali liabilitas imbalan Remeasurement of
kerja karyawan 17 - - - - - - - 4.375 4.375 employee benefits liability
Penyisihan kerugian penurunan nilai atas Allowance for impairment losses
efek yang diukur pada nilai wajar melalui on securities measured at fair value through
penghasilan komprehensif lain - - - 587 - - - - 587 other comprehensive income
Surplus revaluasi Revaluation surplus
tanah dan bangunan tahun berjalan - neto 9 - - - - 16.103 - - - 16.103 on land and buildings for the year - net
Transfer surplus revaluasi Transfer of revaluation surplus
tanah dan bangunan ke saldo laba 9 - - - - (5.131) - - 5.131 - on land and buildings to retained earning
Dividen kas 19 - - - - - - - (79.800) (79.800) Cash dividend
Cadangan keuangan asuransi - - - - - 63.028 - - 63.028 Insurance finance reserve
Saldo pada tanggal 31 Desember 2024 Balance as of December 31, 2024
(disajikan kembali) 210.000 6.842.500 62.407 2.867 118.229 (66.807) 9.533 1.237.235 8.415.964 (restated)
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34*)
**) Pengukuran kembali atas liabilitas imbalan kerja termasuk dalam saldo laba The remeasurement of the employee benefit is included in the retained earnings**)
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to the financial statements form an integral part of these financial
laporan keuangan ini secara keseluruhan. statements taken as a whole.
5
Page 333
The original financial statements included herein are in the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN PERUBAHAN EKUITAS (lanjutan) STATEMENT OF CHANGES IN EQUITY (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Kerugian yang Penyisihan
belum direalisasi kerugian penurunan
atas perubahan nilai atas efek
nilai wajar efek yang diukur
yang diukur pada nilai wajar
pada nilai wajar melalui penghasilan
melalui penghasilan komprehensif
komprehensif lain-neto/ lain/Allowance
Unrealized loss for impairment Surplus revaluasi
Modal saham on changes in losses on tanah dan Cadangan
ditempatkan dan fair value of securities measured bangunan - neto/ keuangan Saldo laba/Retained earnings
disetor penuh/ Tambahan securities at at fair value Revaluation asuransi/
Issued and modal disetor fair value through through other surplus on Insurance Cadangan umum/ Belum ditentukan
Catatan/ fully paid Additional other comprehensive other comprehensive land and finance Appropriated for penggunaannya/ Total Ekuitas/
Notes share capital paid-in capital income - net income buildings - net reserve general reserve Unappropriated Total Equity
Saldo per 1 Januari 2025 210.000 6.842.500 62.407 2.867 118.229 (66.807) 9.533 1.237.235 8.415.964 Balance as of January 1, 2025
Laba tahun berjalan - - - - - - - 206.228 206.228 Income for the year
Kerugian yang belum Unrealized loss on changes
direalisasi atas perubahan nilai wajar in fair value of securities
efek yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain - neto - - 347.776 - - - - - 347.776 comprehensive income - net
Cadangan umum 19 3.394 (3.394) - Appropriated for general reserve
Pengukuran kembali liabilitas imbalan Remeasurement of
kerja karyawan 17 - - - - - - - 19.724 19.724 employee benefits liability
Penyisihan kerugian penurunan nilai atas Allowance for impairment losses
efek yang diukur pada nilai wajar melalui on securities measured at fair value through
penghasilan komprehensif lain - - - 3.195 - - - - 3.195 other comprehensive income
Surplus revaluasi Revaluation surplus
tanah dan bangunan tahun berjalan - neto 9 - - - - 1.381 - - - 1.381 on land and buildings for the year - net
Transfer surplus revaluasi Transfer of revaluation surplus
tanah dan bangunan ke saldo laba 9 - - - - (6.279) - - 6.279 - on land and buildings to retained earning
Dividen kas 19 - - - - - - - (336.000) (336.000) Cash dividend
Cadangan keuangan asuransi - - - - - (147.877) - - (147.877) Insurance finance reserve
Saldo per 31 Desember 2025 210.000 6.842.500 410.183 6.062 113.331 (214.684) 12.927 1.130.072 8.510.391 Balance as of December 31, 2025
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34*)
**) Pengukuran kembali atas liabilitas imbalan kerja termasuk dalam saldo laba The remeasurement of the employee benefit is included in the retained earnings**)
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes to the financial statements form an integral part of these financial
laporan keuangan ini secara keseluruhan. statements taken as a whole.
6
Page 334
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERATING
OPERASI ACTIVITIES
Penerimaan dari: Receipts of:
Premi 4.383.579 3.245.052 Premiums
Ujrah 24.416 38.879 Ujrah
Komisi reasuransi dan Reinsurance commissions
klaim 29.619 15.233 and claims
Lain-lain 93.614 39.690 Others
Pembayaran untuk: Payments for:
Klaim dan manfaat (2.634.073) (2.701.728) Claims and benefits
Beban operasi (640.389) (470.784) Operating expenses
Agents’ commissions
Komisi dan tunjangan agen (702.063) (742.954) and allowances
Premi reasuransi (37.735) (25.984) Reinsurance premiums
Imbalan kerja karyawan (1.133) 17 (1.333) Employee benefits
Arus kas neto diperoleh dari/ Net cash flows provided by/
(digunakan untuk) (used in)
aktivitas operasi 515.835 (603.929) operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING
INVESTASI ACTIVITIES
Pencairan (penempatan) Withdrawal (placement)
deposito berjangka (35.770) 275.350 in time deposits
Penempatan efek Placement in
yang diukur pada fair value through
nilai wajar melalui penghasilan other comprehensive
komprehensif lain (375.085) (1.313.252) income securities
Hasil investasi - neto 718.310 754.410 Investment income - net
Penerimaan atas penjualan aset Receipt from
tetap 1.690 9 1.534 sale of fixed assets
Pencairan pinjaman hipotik 633 469 Withdrawal in mortgage loans
Penempatan pinjaman polis 118 (155) Placement in policy loans
Pencairan efek Withdrawal in
yang diukur pada fair value through
nilai wajar melalui laba rugi (115.721) 789.596 profit or loss securities
Penempatan dana Placement in participant
investasi peserta - syariah 5.187 (59.288) investment fund - sharia
Perolehan aset tetap (5.767) 9 (5.852) Acquisition of fixed assets
Perolehan aset tak berwujud (35.651) (10.858) Acquisition of intangible assets
Penerimaan dari efek Receipt from
yang diukur pada biaya matured
perolehan diamortisasi amortized cost
yang telah jatuh tempo - 145.000 securities
Arus kas neto diperoleh dari Net cash flows provided by
aktivitas investasi 157.944 576.954 investing activities
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an integral
yang tidak terpisahkan dari laporan keuangan ini secara part of these financial statements
keseluruhan. taken as a whole.
7
Page 335
The original financial statements included herein are in the
Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2025 December 31, 2025
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31,
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITY
Pembayaran dividen (336.000) 19 (79.800) Payment of dividend
Pembayaran liabilitas sewa (9.250) 13 (9.459) Payment of lease liabilities
Arus kas digunakan untuk Cash flows used in
aktivitas pendanaan (345.250) (89.259) financing activities
NET INCREASE/(DECREASE)
KENAIKAN/(PENURUNAN) IN CASH ON HAND
NETO KAS DAN BANK 328.529 (116.234) AND IN BANKS
CASH ON HAND AND IN BANKS
KAS DAN BANK AWAL TAHUN 670.619 782.551 AT BEGINNING OF YEAR
NET EFFECT OF CHANGES IN
PENGARUH PERUBAHAN KURS EXCHANGE RATES ON CASH
TERHADAP KAS DAN BANK 5.010 4.302 ON HAND AND IN BANKS
CASH ON HAND AND IN BANKS
KAS DAN BANK AKHIR TAHUN 1.004.158 4 670.619 AT END OF YEAR
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an integral
yang tidak terpisahkan dari laporan keuangan ini secara part of these financial statements
keseluruhan. taken as a whole.
8
Page 336
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian Perusahaan a. Establishment of the Company
PT MSIG Life Insurance Indonesia Tbk PT MSIG Life Insurance Indonesia Tbk (“the
(“Perusahaan”) adalah perusahaan yang Company”) is an Indonesian domiciled company
berdomisili di Indonesia yang didirikan which was originally established as
berdasarkan Akta Notaris Benny Kristianto, “PT Asuransi Jiwa Purnamala Internasional
S.H., No. 44 tanggal 17 Juli 1984 dengan nama Indonesia” based on Notarial Deed No. 44 of
“PT Asuransi Jiwa Purnamala Internasional Benny Kristianto, S.H., dated July 17, 1984. The
Indonesia”. Akta pendirian ini disahkan dengan deed of establishment was approved by Ministry
keputusan Menteri Kehakiman Republik of Justice of the Republic of Indonesia Decree
Indonesia No. C2-7176 HT.01.01.Th.84 No. C2-7176 HT.01.01.Th.84 dated December
tanggal 21 Desember 1984 serta diumumkan 21, 1984 and was published in the State
dalam Lembaran Berita Negara No. 85 tanggal Gazette of the Republic of Indonesia No. 85
22 Oktober 1985. dated October 22, 1985.
Berdasarkan Akta Notaris James Herman Based on the Notarial Deed No. 120 of James
Rahardjo, S.H., No. 120 tanggal 27 Januari Herman Rahardjo, S.H., dated January 27,
1989, Perusahaan melakukan perubahan nama 1989, The Company changed its name to
menjadi PT Asuransi Jiwa Eka Life. Akta telah PT Asuransi Jiwa Eka Life. The deed has
mendapatkan Keputusan Menteri Kehakiman obtained the Decree of the Minister of Justice
Republik Indonesia dengan No. C2- of the Republic of Indonesia with
5095.HT.01.04.TH’89 tanggal 10 Juni 1989 No. C2-5095.HT.01.04.TH'89 dated June 10,
serta diumumkan dalam Berita Negara Republik 1989 and was published in the State Gazette
Indonesia No. 57 tanggal 18 Juli 1989. of the Republic of Indonesia No. 57 dated
July 18, 1989.
Berdasarkan Akta Notaris Vera, S.H., No. 2 Based on the Notarial Deed No. 2 of Vera, S.H.,
tanggal 5 Januari 2007, Perusahaan mengalami dated January 5, 2007, The Company changed
perubahan nama menjadi PT Asuransi Jiwa its name to PT Asuransi Jiwa Sinarmas. The
Sinarmas. Akta telah mendapatkan persetujuan deed was approved by the Ministry of Laws and
Menteri Hukum dan Hak Asasi Manusia Human Rights of the Republic of Indonesia in its
Republik Indonesia dalam surat keputusannya decision letter No. W8-00337 HT.01.04-
No. W8-00337 HT.01.04-TH.2007 serta TH.2007 and was published in the State
diumumkan dalam Berita Negara Republik Gazette of the Republic of Indonesia No. 72
Indonesia No. 72 tanggal 7 September 2007. dated September 7, 2007.
Berdasarkan Akta Notaris Linda Herawati, S.H., Based on Notarial Deed No. 32 of Linda
No. 32 tanggal 10 Juni 2011, Perusahaan Herawati, S.H., dated June 10, 2011, the
menjadi Perusahaan joint venture yang Company became a joint venture Company
sahamnya dimiliki oleh PT Sinar Mas Multiartha which shares owned by PT Sinar Mas Multiartha
Tbk dan Mitsui Sumitomo Insurance Co., Ltd. Tbk and Mitsui Sumitomo Insurance Co., Ltd.
Perusahaan juga melakukan peningkatan The Company also increased its authorized
modal dasar dan perubahan nama dari capital and changed its name from PT Asuransi
PT Asuransi Jiwa Sinarmas menjadi Jiwa Sinarmas to PT Asuransi Jiwa Sinarmas
PT Asuransi Jiwa Sinarmas MSIG. Perubahan MSIG. This amendment was approved by the
ini telah disetujui oleh Menteri Hukum dan Hak Ministry of Laws and Human Rights of the
Asasi Manusia Republik Indonesia dalam surat Republic of Indonesia in its decision letter
keputusannya No. AHU-32784.AH.01.02 No. AHU-32784.AH.01.02 dated July 1, 2011
tanggal 1 Juli 2011 serta diumumkan dalam and was published in the State Gazette of the
Berita Negara Republik Indonesia No. 77 Republic of Indonesia No. 77 dated September
tanggal 25 September 2012. 25, 2012.
9
Page 337
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Perusahaan (lanjutan) a. Establishment of the Company (continued)
Berdasarkan Akta Notaris Aulia Taufani, S.H., Based on Notarial Deed No. 46 of Aulia Taufani,
No. 46 tanggal 23 Mei 2019, Perusahaan S.H., dated May 23, 2019, the Company
mengubah status dari perusahaan tertutup changed status from a private company to
menjadi perusahaan terbuka dan Perusahaan a public company and the Company changed
melakukan perubahan nama Perusahaan its name to PT Asuransi Jiwa Sinarmas MSIG
menjadi PT Asuransi Jiwa Sinarmas MSIG Tbk Tbk and was approved by the Ministry
dan telah menerima Keputusan Menteri of Laws and Human Rights of the Republic
Hukum dan Hak Asasi Manusia of Indonesia in its decision letter
No. AHU-0028378.AH.01.02 Tahun 2019 No. AHU-0028378.AH.01.02 dated May 24,
tanggal 24 Mei 2019 dan Surat Penerimaan 2019 and has received a Letter of Acceptance
Pemberitahuan Perubahan Data Perusahaan of Notification of Amendment to Articles of
No. AHU-AH.01.03-0276428 tanggal Association No. AHU-AH.01.03-0276428 dated
24 Mei 2019. May 24, 2019.
Anggaran Dasar Perusahaan telah mengalami The Articles of Association of the Company has
beberapa kali perubahan, terakhir berdasarkan been amended several times, the latest
Akta Notaris Ariyanti Artisari, S.H., M.Kn. No. 60 amendment is covered by Notarial Deed No. 60
tanggal 27 Juni 2023, mengenai perubahan of Ariyanti Artisari, S.H., M.Kn. dated June 27,
nama Perusahaan yang semula bernama ”PT 2023, regarding change of the company's name
Asuransi Jiwa Sinarmas MSIG Tbk” menjadi from "PT Asuransi Jiwa Sinarmas MSIG Tbk" to
”PT MSIG Life Insurance Indonesia Tbk”. "PT MSIG Life Insurance Indonesia Tbk". This
Perubahan ini telah disetujui oleh Menteri amendment was approved by the Ministry of
Hukum dan Hak Asasi Manusia Republik Laws and Human Rights of the Republic
Indonesia dalam surat keputusannya of Indonesia in its decision letter
No. AHU-0042658.AH.01.02.Tahun 2023 No. AHU-0042658.AH.01.02.year 2023 dated
tanggal 25 Juli 2023. July 25, 2023.
Sesuai dengan pasal 3 Anggaran Dasar In accordance with article 3 of the Company’s
Perusahaan, ruang lingkup kegiatan Articles of Association, the scope of the
Perusahaan adalah menyelenggarakan usaha Company’s activities is to run the business in life
asuransi jiwa termasuk usaha dengan prinsip insurance business including that on sharia
syariah, serta Dana Pensiun Lembaga principle basis, as well as Financial Institution
Keuangan. Pension Fund.
Unit usaha syariah telah memperoleh izin Sharia business unit has obtained an operation
operasi pembukaan kantor cabang dengan license for the opening of branch office with
prinsip syariah berdasarkan Keputusan sharia principles from the Minister of Finance of
Menteri Keuangan Republik Indonesia the Republic of Indonesia in its decision letter
No. KEP-041/KM.5/2005 tanggal 17 Januari No. KEP-041/KM.5/2005 dated January 17,
2005 dan Surat Keterangan Otoritas 2005 and Financial Services Authority (OJK)
Jasa Keuangan (OJK) No.S-331/NB.15/2013 Certificate No. S-331/NB.15/2013 dated
tertanggal 15 Juli 2013. July 15, 2013.
Perusahaan saat ini berlokasi di Sinarmas Land The Company is currently located in Sinarmas
Plaza Sudirman lantai 6, Jl. Jend. Sudirman Land Plaza Sudirman, 6th floor, Jl. Jend.
Kav. 21, Jakarta 12920, dengan 58 kantor Sudirman Kav. 21, Jakarta 12920, with 58
perwakilan pemasaran di Indonesia (2024: 58) representative marketing offices in Indonesia
(tidak diaudit). (2024: 58) (unaudited).
10
Page 338
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran umum saham b. Public offering of shares
Saham Perusahaan ditawarkan perdana The Company’s shares of stock were initially
kepada masyarakat dan dicatatkan di Bursa offered to the public and listed on the Indonesia
Efek Indonesia pada tanggal 4 Juli 2019. Stock Exchange on July 4, 2019.
Penawaran perdana saham Perusahaan The Company’s initial public offering of
tersebut sejumlah 393.750.000 saham milik 393,750,000 shares owned by PT Sinar Mas
PT Sinar Mas Multiartha Tbk dengan nilai Multiartha Tbk with a par value of Rp100 per
nominal Rp100 per saham dan harga saham share and offering price of Rp12,100 per share,
perdana Rp12.100 per saham, telah dinyatakan was approved for listing on June 28, 2019 by
efektif untuk dicatatkan pada tanggal 28 Juni the (OJK) in its letter No. S-108/D.04/2019.
2019 oleh (OJK) dengan suratnya No. S-
108/D.04/2019.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, all of the
seluruh saham Perusahaan telah dicatatkan Company’s shares were listed on the Indonesia
pada Bursa Efek Indonesia (BEI). Stock Exchange (IDX).
c. Manajemen kunci dan informasi lainnya c. Key management and other information
Perubahan terakhir atas susunan Dewan The latest changes of composition of the Board
Komisaris, Direksi dan Dewan Pengawas of Commissioner, Board of Directors and
Syariah Perusahaan tercantum dalam Akta Sharia Supervisory Board is stated on Notarial
Notaris Aryanti Artisari, S.H., M.Kn, No. 31 Deed No. 31 of Aryanti Artisari, S.H., M.Kn,
tanggal 24 Juni 2025. Perubahan ini telah dated June 24, 2025. This amendment was
diterima dan dicatat oleh Menteri Hukum dan accepted and recorded by the Ministry of Laws
Hak Asasi Manusia Republik Indonesia dalam and Human Rights of the Republic of Indonesia
Surat Penerimaan Pemberitahuan Perubahan in Acceptance Letter on the Change Notification
Data Perseroan No. AHU-AH.01.09-0308707 of Articles of Association AHU-AH.01.09-
tanggal 9 Juli 2025. 0308707 dated July 9, 2025.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
susunan Dewan Komisaris, Direksi, Komite members of the Company's Boards of
Audit dan Dewan Pengawas Syariah Commissioners, Directors, Audit Committee
Perusahaan adalah sebagai berikut: and Sharia Supervisory Boards are as follows:
2025 2024
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Indra Widjaja Indra Widjaja President Commissioner
Komisaris Kimitake Suguira1 Toshinari Tokoi Commissioner
Komisaris Hideaki Nomura Hideaki Nomura Commissioner
Komisaris Independen Teuku Radja Sjahnan1 Ardhayadi Mitroatmodjo Independent Commissioner
Komisaris Independen Sidharta Akmam Sidharta Akmam Independent Commissioner
Komisaris Independen Nazly Parlindungan Siregar Nazly Parlindungan Siregar Independent Commissioner
11
Page 339
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Manajemen kunci dan informasi lainnya c. Key management and other information
(lanjutan) (continued)
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
susunan Dewan Komisaris, Direksi, Komite members of the Company's Boards of
Audit dan Dewan Pengawas Syariah Commissioners, Directors, Audit Committee
Perusahaan adalah sebagai berikut: (lanjutan) and Sharia Supervisory Boards are as follows:
(continued)
2025 2024
Direksi: Board of Directors:
Presiden Direktur Wianto Wianto President Director
Wakil Presiden Direktur Tomoyuki Monden2 Satoshi Shiratani Deputy President Director
Direktur Herman Sulistyo Herman Sulistyo Director
Direktur Ken Terada Ken Terada Director
Direktur Eiji Takahashi2 Tomoyuki Monden Director
Direktur Elly Susanti1 Andrew Bain Director
Komite Audit: Audit Committee:
Ketua Teuku Radja Sjahnan3 Ardhayadi Mitroatmodjo Chairman
Anggota Karel Thajadi Karel Tjahjadi Members
Anggota Bambang Santoso Marsoem Bambang Santoso Marsoem Members
Dewan Pengawas Syariah: Sharia Supervisory Board:
Ketua Dr. H. Rahmat Hidayat, SE, MT4 Dr. Endy M Astiwara Chairman
Anggota Ahmad Sukarno Lc, M.Ag Ahmadi Sukarno Lc, M.ag Members
1 1
Diangkat berdasarkan Keputusan RUPS tanggal 24 Juni 2025. Appointed based on the GMS dated Decision dated June 24, 2025.
2 2
Diangkat berdasarkan Keputusan RUPS tanggal 22 April 2025. Appointed based on the GMS Decision dated April 22, 2025.
3 3
Efektif menjabat sebagai Ketua Komite Audit setelah mendapatkan hasil Effectively serving as the Chairman of the Audit Committee after obtaining
Penilaian Kemampuan dan Kepatuhan dari OJK . the Fit and Proper Test results from OJK.
4 4
Diangkat berdasarkan keputusan RUPS tanggal 7 Januari 2025. Appointed based on the GMS Decision dated January 7, 2025.
Manajemen kunci Perusahaan terdiri atas The Company’s key management personnel
Dewan Komisaris dan Direksi. consist of Board of Commissioners and
Directors.
Total karyawan Perusahaan pada tanggal The Company had total number of employees
31 Desember 2025 dan 2024 masing-masing as of December 31, 2025 and 2024 of 478 and
adalah 478 dan 456 orang (tidak diaudit). 456, respectively (unaudited).
d. Entitas induk Perusahaan d. The Company’s parent entities
Entitas induk dan entitas induk terakhir Currently, the Company’s parent and ultimate
Perusahaan saat ini adalah Mitsui Sumitomo parent entity is Mitsui Sumitomo Insurance Co.,
Insurance Co., Ltd. dan MS&AD Insurance Ltd. and MS&AD Insurance Group.
Group.
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES INFORMATION
Berikut ini adalah kebijakan akuntansi material yang Below are the material accounting policies
diterapkan dalam penyusunan laporan keuangan information applied in the preparation of the
Perusahaan. financial statements of the Company.
12
Page 340
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
a. Pernyataan kepatuhan dan dasar penyajian a. Statement of compliance and basis of
laporan keuangan preparation of the financial statements
Laporan keuangan telah disusun dan disajikan The financial statements have been prepared
sesuai dengan Standar Akuntansi Keuangan di and presented in accordance with Indonesian
Indonesia (“SAK”), yang mencakup Pernyataan Financial Accounting Standards (“SAK”), which
Standar Akuntansi Keuangan (”PSAK”) dan comprise the Statements of Financial
Interpretasi Standar Akuntansi Keuangan Accounting Standards (“PSAK”) and
(”ISAK”) yang dikeluarkan oleh Dewan Standar Interpretations to Financial Accounting
Akuntansi Keuangan Ikatan Akuntan Indonesia, Standards (“ISAK”) issued by the Financial
serta Peraturan No. VIII.G.7 Lampiran Accounting Standards Board of the Indonesian
Keputusan Ketua BAPEPAM-LK Institute of Accountants, and Rule No. VIII.G.7
No. KEP-347/BL/2012 tanggal 25 Juni 2012 Attachment of Chairman of BAPEPAM-LK’s
yang terdapat di dalam Peraturan dan Decision No. KEP-347/BL/2012 dated June 25,
Pedoman Penyajian dan Pengungkapan 2012 on the Regulations and the Guidelines on
Laporan Keuangan yang diterbitkan oleh Badan Financial Statement Presentation and
Pengawas Pasar Modal dan Lembaga Disclosures issued by Capital Market and
Keuangan (“BAPEPAM-LK”), yang fungsinya Financial Institution Supervisory Agency
dialihkan kepada Otoritas Jasa Keuangan (“BAPEPAM-LK”), which function has been
(“OJK”) sejak tanggal 1 Januari 2013. Kebijakan transferred to Financial Service Authority
ini telah diterapkan secara konsisten terhadap (“OJK”) starting on January 1, 2013. This policy
seluruh tahun yang disajikan, kecuali jika has been consistently applied to all years
dinyatakan lain. presented, unless otherwise stated.
Laporan keuangan telah disusun sesuai The financial statements have been prepared in
dengan PSAK No. 201: Penyajian Laporan accordance with PSAK No. 201: Presentation of
Keuangan. Laporan keuangan, kecuali untuk Financial Statements. The financial statements,
laporan arus kas, disusun berdasarkan basis except statement of cash flows, have been
akrual, menggunakan dasar akuntansi biaya prepared on the accrual basis, using the
historis, kecuali untuk beberapa akun tertentu historical cost basis of accounting, except for
yang disajikan berdasarkan pengukuran lain certain accounts which are measured on the
sebagaimana diuraikan dalam kebijakan basis described in the related accounting
akuntansi masing-masing akun tersebut. policies for those accounts.
Laporan arus kas menyajikan penerimaan dan The statements of cash flows present receipts
pengeluaran kas dan bank yang diklasifikasikan and payments of cash on hand and in banks
ke dalam aktivitas operasi, investasi dan which are classified into operating, investing
pendanaan. Arus kas dari aktivitas operasi and financing activities. Cash flows from
disusun dengan menggunakan metode operating activities are presented using the
langsung. direct method.
Mata uang penyajian yang digunakan dalam The presentation currency used in the
penyusunan laporan keuangan adalah Rupiah, preparation of the financial statements is
yang merupakan mata uang fungsional Indonesian Rupiah, which is the functional
Perusahaan. currency of the Company.
Seluruh angka dalam laporan keuangan ini All figures in the financial statements are
dibulatkan menjadi dan disajikan dalam jutaan rounded to and stated in millions of Rupiah,
Rupiah yang terdekat, kecuali dinyatakan lain. unless otherwise stated.
13
Page 341
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Perubahan Kebijakan Akuntansi b. Changes in accounting principles
Perusahaan menerapkan untuk pertama The Company applied for the first-time standard
kalinya standar dan amandemen tertentu yang and amendment, which are effective for annual
efektif untuk periode tahunan yang dimulai pada periods beginning on or after 1 January 2025
atau setelah 1 Januari 2025 (kecuali dinyatakan (unless otherwise stated). The Company has
lain). Perusahaan tidak melakukan penerapan not early adopted any other standard,
dini atas standar, interpretasi, atau amandemen interpretation or amendment that has been
lain yang telah diterbitkan namun belum efektif. issued but is not yet effective.
PSAK 117: Kontrak Asuransi PSAK 117: Insurance Contracts
PSAK 117 merupakan standar akuntansi baru PSAK 117 is a comprehensive new accounting
yang komprehensif mencakup pengakuan dan standard for insurance contracts covering
pengukuran, penyajian, serta pengungkapan recognition and measurement, presentation
untuk kontrak asuransi. PSAK 117 and disclosure. PSAK 117 replaces PSAK 104
menggantikan PSAK 104: Kontrak Asuransi. Insurance Contracts. PSAK 117 applies to all
PSAK 117 berlaku untuk seluruh jenis kontrak types of insurance contracts (i.e., life, non-life,
asuransi (yaitu, jiwa, non-jiwa, asuransi direct insurance and re-insurance), regardless
langsung, dan reasuransi), tanpa memandang of the type of entities that issue them as well as
jenis entitas yang menerbitkannya, serta to certain guarantees and financial instruments
berlaku pula untuk jenis garansi tertentu dan with discretionary participation features.
instrumen keuangan dengan fitur partisipasi
diskresioner.
Tujuan utama PSAK 117 adalah menyediakan The overall objective of PSAK 117 is to provide
model akuntansi yang komprehensif untuk a comprehensive accounting model for
kontrak asuransi yang lebih berguna dan insurance contracts that is more useful and
konsisten bagi entitas asuransi, mencakup consistent for insurers, covering all relevant
seluruh aspek akuntansi yang relevan. PSAK accounting aspects. PSAK 117 is based on a
117 didasarkan pada model umum yang general model, supplemented by:
dilengkapi dengan:
• Model Pengukuran umum yang digunakan • The General Measurement Model (GMM),
sebagai pendekatan dasar. applied as the default measurement
• Penyesuaian khusus untuk kontrak dengan approach.
fitur partisipasi langsung (variable fee • A specific adaptation for contracts with direct
approach). participation features (the variable fee
• Pendekatan yang disederhanakan approach).
(premium allocation approach) yang • simplified approach (the premium allocation
terutama berlaku untuk kontrak berdurasi approach) mainly for short-duration contracts.
pendek.
Amendemen PSAK 221 tentang “Pengaruh Amendments to PSAK 221 on “The Effects
Perubahan Kurs Valuta Asing” of Changes in Foreign Exchange Rates”
Amendemen tentang kekurangan ketertukaran. Amendment regarding Lack of
Amendemen ini memperjelas pengaturan terkait Exchangeability. This amendment clarifies the
kondisi ketika suatu mata uang tidak tertukarkan requirements regarding the condition where
serta pengungkapannya. Dampak atas the a currency is not exchangeable and its
penerapan amendemen tersebut di atas tidak disclosure. The impact of the implementation
material terhadap laporan keuangan of the amendments mentioned above are not
Perusahaan. material to the Company’s financial
statements.
14
Page 342
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Transaksi dengan pihak-pihak berelasi c. Transactions with related parties
Perusahaan melakukan transaksi dengan pihak The Company has transactions with related
berelasi sesuai dengan definisi yang diuraikan parties as defined in PSAK No. 224: “Related
pada PSAK 224: “Pengungkapan pihak-pihak party disclosures”.
berelasi”.
Transaksi ini dilakukan berdasarkan The transactions are made based on terms
persyaratan yang disetujui oleh kedua belah agreed by the parties, which may not be the
pihak, yang mungkin tidak sama dengan same as those made with unrelated parties.
transaksi lain yang dilakukan dengan pihak-
pihak yang tidak berelasi.
Transaksi dan saldo yang material dengan Significant transactions and balances with
pihak berelasi diungkapkan dalam Catatan 25. related parties are disclosed in Note 25.
Kecuali diungkapkan khusus sebagai pihak Unless specifically identified as related parties,
berelasi, maka pihak-pihak lain yang the parties disclosed in the Notes to the
disebutkan dalam catatan atas laporan financial statements are unrelated parties.
keuangan merupakan pihak tidak berelasi.
d. Investasi dalam sukuk d. Investments in sukuk
Perusahaan menentukan klasifikasi investasi The Company defined the classification of
pada surat berharga, khususnya sukuk, investment in marketable securities, specifically
berdasarkan model usaha yang ditentukan sukuk, based on business model in accordance
berdasarkan klasifikasi sesuai PSAK No. 410 with PSAK No. 410 on "Accounting for Sukuk"
tentang “Akuntansi Sukuk" sebagai berikut: as follows:
1. Surat berharga diukur pada biaya 1. At cost securities are stated at cost
perolehan disajikan sebesar biaya (including transaction costs), adjusted by
perolehan (termasuk biaya transaksi), yang unamortized premium and/or discount.
disesuaikan dengan premi dan/atau Premium and discount are amortized on
diskonto yang belum diamortisasi. Premi straight-line method over the period until
dan diskonto diamortisasi dengan metode maturity.
garis lurus selama periode sampai dengan
jatuh tempo.
2. Surat berharga diukur pada nilai wajar 2. At fair value through other comprehensive
melalui penghasilan komprehensif lain income securities are stated at fair values
disajikan sebesar nilai wajar (termasuk (including transaction costs). Unrealized
biaya transaksi). Laba rugi yang belum gains or losses from the increase or
direalisasi dari kenaikan atau penurunan decrease in fair values are presented in
surat berharga disajikan dalam other comprehensive income.
penghasilan komprehensif lain.
3. Surat berharga diukur pada nilai wajar 3. At fair value through profit or loss (not
melalui laba rugi (tidak termasuk biaya including transaction costs). Unrealized
transaksi). Laba rugi yang belum direalisasi gains or losses from the increase or
dari kenaikan atau penurunan surat decrease in fair values are presented in
berharga disajikan dalam laba rugi. profit or loss.
15
Page 343
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
e. Pengukuran nilai wajar e. Fair Value Measurement
Perusahaan mengukur instrumen keuangan The Company measures its financial
pada nilai wajar setiap tanggal pelaporan. instruments at fair value in each reporting date.
Pengungkapan nilai wajar untuk instrumen Fair value related disclosures for financial
keuangan disajikan pada Catatan 26. instruments are disclosed in Note 26.
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
untuk menjual suatu aset atau harga yang akan sell an asset or paid to transfer a liability in an
dibayar untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur antara pelaku pasar at the measurement date. The fair value
pada tanggal pengukuran. Pengukuran nilai measurement is based on the presumption that
wajar berdasarkan asumsi bahwa transaksi the transaction to sell the asset or transfer the
untuk menjual aset atau mengalihkan liabilitas liability takes place either:
terjadi di:
- pasar utama untuk aset atau liabilitas - in the principal market for the asset or
tersebut; atau liability; or
- dalam hal tidak terdapat pasar utama, - in the absence of a principal market, in the
maka pasar yang paling menguntungkan most advantageous market for the asset or
untuk aset atau liabilitas tersebut. liability.
Perusahaan harus memiliki akses ke pasar The principal or the most advantageous market
utama atau pasar yang paling menguntungkan must be accessible by the Company.
tersebut.
Nilai wajar aset dan liabilitas diukur The fair value of an asset or a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset participants would use when pricing the asset
atau liabilitas tersebut, dengan asumsi bahwa or liability, assuming that market participants
pelaku pasar bertindak dalam kepentingan act in their economic best interest.
ekonomi terbaiknya.
Perusahaan menggunakan teknik penilaian The Company uses valuation techniques that
yang sesuai dengan keadaan dan data yang are appropriate in the circumstances and for
memadai tersedia untuk mengukur nilai wajar, which sufficient data are available to measure
dengan memaksimalkan masukan (input) yang fair value, maximizing the use of relevant
dapat diamati (observable) yang relevan dan observable inputs and minimizing the use of
meminimalkan masukan (input) yang tidak unobservable inputs.
dapat diamati (unobservable).
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the financial
keuangan dikategorikan dalam hierarki nilai statements are categorized within the fair value
wajar, sebagaimana dijelaskan di bawah ini, hierarchy, described as follows, based on the
berdasarkan tingkat level input yang terendah lowest level input that is significant to the fair
yang signifikan terhadap pengukuran nilai wajar value measurement as a whole:
secara keseluruhan sebagai berikut:
16
Page 344
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
e. Pengukuran nilai wajar (lanjutan) e. Fair value measurement (continued)
i) Level 1 - Harga kuotasian (tanpa i) Level 1 - Quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical assets
liabilitas yang identik yang dapat diakses or liabilities accessible to the entity at
entitas pada tanggal pengukuran. measurement date.
ii) Level 2 - Teknik penilaian yang ii) Level 2 - Valuation techniques for which
menggunakan tingkat masukan (input) the lowest level input that is significant to
yang paling rendah yang signifikan the fair value measurement is directly or
terhadap pengukuran nilai wajar yang indirectly observable.
dapat diamati (observable) baik secara
langsung atau tidak langsung.
iii) Level 3 - Teknik penilaian yang iii) Level 3 - Valuation techniques for which
menggunakan tingkat masukan (input) the lowest level input that is significant to
yang paling rendah yang signifikan the fair value measurement is directly or
terhadap pengukuran nilai wajar yang tidak indirectly unobservable.
dapat diamati (unobservable) baik secara
langsung atau tidak langsung.
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are recognized in
laporan keuangan secara berulang, the financial statements on a recurring basis,
Perusahaan menentukan apakah terdapat the Company determines whether transfers
perpindahan antara Level dalam hierarki have occurred between Levels in the hierarchy
dengan melakukan evaluasi ulang atas by re-assessing categorization (based on the
penetapan kategori (berdasarkan level lowest level input that is significant to the fair
masukan (input) paling rendah yang signifikan value measurement as a whole) at the end of
terhadap pengukuran nilai wajar secara each reporting period.
keseluruhan) pada tiap akhir periode pelaporan.
Untuk tujuan pengungkapan nilai wajar, For the purpose of fair value disclosures, the
Perusahaan mementukan klasifikasi aset dan Company has determined classes of assets
liabilitas berdasarkan sifat, karakteristik dan and liabilities on the basis of the nature,
risikonya dan level pada hierarki nilai wajar characteristics and risks of the asset or liability
sebagaimana dijelaskan diatas. and the level of the fair value hierarchy as
explained above.
f. Aset tetap f. Fixed assets
Seluruh aset tetap awalnya diakui sebesar All fixed assets are initially recognized at cost,
biaya perolehan, yang terdiri atas harga which comprises its purchase price and any
perolehan dan biaya-biaya tambahan yang costs directly attributable in bringing the asset to
dapat diatribusikan langsung untuk membawa the location and condition necessary for it to be
aset ke lokasi dan kondisi yang diinginkan capable of operating in the manner intended by
supaya aset tersebut siap digunakan sesuai management. Subsequent to initial recognition,
dengan maksud manajemen. Setelah fixed assets, except land and buildings, are
pengakuan awal, aset tetap, kecuali tanah dan carried at cost less any subsequent
bangunan, dinyatakan pada biaya perolehan accumulated depreciation and impairment
dikurangi akumulasi penyusutan dan akumulasi losses.
rugi penurunan nilai.
17
Page 345
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset tetap (lanjutan) f. Fixed assets (continued)
Tanah dinyatakan sebesar nilai revaluasinya, Land are stated at their revaluation and buildings
bangunan dinyatakan sebesar nilai are stated at their revaluation amount less
revaluasinya dikurangi akumulasi penyusutan accumulated depreciation and impairment
dan rugi penurunan nilai yang terjadi setelah losses recognized after the date of the
tanggal revaluasi. revaluation.
Perusahaan mengakui jumlah kenaikan nilai The Company recognizes any revaluation
akibat revaluasi sebagai kredit ke akun surplus surplus as a credit to the revaluation surplus of
revaluasi tanah dan bangunan di bagian ekuitas land and buildings accounts in equity section of
pada laporan posisi keuangan kecuali kenaikan the statement of financial position, except to the
tersebut harus diakui dalam laporan laba rugi extent that it reverses a revaluation decrease of
dan penghasilan komprehensif lain hingga the same assets previously recognized in the
sebesar jumlah penurunan nilai aset akibat statement of profit or loss and other
revaluasi yang pernah diakui sebelumnya dalam comprehensive income, in which case such
laporan laba rugi dan penghasilan komprehensif portion of the increase is recognized in the
lain. statement of profit or loss and other
comprehensive income.
Penurunan nilai akibat revaluasi diakui dalam A revaluation deficit is recognized in the
laporan laba rugi dan penghasilan komprehensif statement of profit or loss and other
lain kecuali penurunan nilai revaluasi tersebut comprehensive income, except to the extent that
mengurangi jumlah selisih revaluasi yang ada it offset an existing surplus on the same assets
untuk aset yang sama yang diakui di akun recognized in the revaluation surplus of fixed
surplus revaluasi tanah dan bangunan dalam assets in the statement of changes in equity.
laporan perubahan ekuitas. Surplus revaluasi An annual transfer from assets revaluation
tanah dan bangunan yang dipindahkan secara surplus of land and buildings to retained earnings
periodik ke saldo laba adalah sebesar selisih is made for the difference between depreciation
antara jumlah penyusutan berdasarkan nilai based on the revalued carrying amount of the
revaluasian aset dengan jumlah penyusutan assets and depreciation based on the original
berdasarkan biaya perolehan aset tersebut. cost of the assets.
Nilai revaluasi adalah berdasarkan penilaian Revaluation amount are based on valuations
yang dilakukan oleh penilai independen performed by external independent appraisers
eksternal yang telah terdaftar di OJK. Penilaian which are registered with OJK. Valuations are
tersebut dilakukan secara berkala untuk performed with sufficient regularity to ensure
memastikan bahwa nilai wajar yang direvaluasi that the fair value of a revalued assets does not
tidak berbeda secara material dengan jumlah differ materially from its carrying amount. Land
tercatatnya. Tanah dan bangunan yang tidak and building that are not experience significant
mengalami perubahan nilai wajar secara changes in fair value will be revalued at least
signifikan akan direvaluasi paling kurang setiap every 3 years.
3 tahun sekali.
Bagian dari surplus revaluasi tanah dan Part of the revaluation surplus of fixed assets
bangunan yang merupakan selisih antara biaya that is difference between the depreciation
penyusutan berdasarkan nilai revaluasian aset charged based on the revalued carrying amount
dan jumlah penyusutan berdasarkan biaya of the assets and the depreciation charged
perolehan awal aset yang dialihkan dari surplus based on the asset’s original cost is transferred
revaluasi tanah dan bangunan ke saldo laba, from revaluation surplus of land and building
baik melalui pelepasan aset atau secara account to retained earnings, whether on
sistematis selama masa manfaat aset, tidak disposal or a systematic basis over the life of the
dilakukan melalui laba rugi. assets, and are not made through profit or loss.
18
Page 346
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Aset tetap (lanjutan) f. Fixed assets (continued)
Semua biaya pemeliharaan dan perbaikan yang All other repairs and maintenance costs that do
tidak memenuhi kriteria pengakuan diakui not meet the recognition criteria are recognized
dalam laba atau rugi pada saat terjadinya. in profit or loss as incurred. Depreciation is
Penyusutan dihitung dengan menggunakan calculated on straight-line method over the
metode garis lurus berdasarkan estimasi masa estimated useful lives of the assets as follows:
manfaat aset tetap sebagai berikut:
Tahun/Years
Bangunan 20 Buildings
Prasarana dan perbaikan bangunan 5-10 Building renovations and improvements
Kendaraan bermotor 4-8 Motor vehicles
Peralatan komputer 4-5 Computer equipment
Peralatan dan perlengkapan kantor 4-8 Office furniture and equipment
Peralatan komunikasi 4 Communication equipment
Jumlah tercatat aset tetap dihentikan An item of fixed assets is derecognized upon
pengakuannya pada saat dilepaskan atau saat disposal or when no future economic benefits
tidak ada manfaat ekonomis masa depan yang are expected from its use or disposal.
diharapkan dari penggunaan atau
pelepasannya.
Laba atau rugi yang timbul dari penghentian Any gain or loss arising on derecognition of the
pengakuan aset (dihitung sebagai perbedaan asset (calculated as the difference between the
antara jumlah neto hasil pelepasan dan jumlah net disposal proceeds and the carrying amount
tercatat dari aset) dimasukkan dalam laporan of the asset) is included in the statement of
laba rugi dan penghasilan komprehensif profit or loss and other comprehensive
lain pada tahun aset tersebut dihentikan income in the year the asset is derecognized.
pengakuannya. Masa manfaat dan metode The assets’ useful lives and methods of
penyusutan aset dievaluasi setiap akhir periode depreciation are reviewed at the end of each
pelaporan dan disesuaikan secara prospektif, reporting period and adjusted prospectively, if
jika diperlukan. appropriate.
Tanah tidak disusutkan kecuali terdapat bukti Land is not depreciated unless there is contrary
sebaliknya yang mengindikasikan bahwa evidence that indicates the extension or
perpanjangan atau pembaruan hak atas tanah renewal of the landright is likely or definitely
kemungkinan besar atau pasti tidak dapat cannot be obtained.
diperoleh.
g. Aset takberwujud g. Intangible assets
Aset takberwujud terdiri atas lisensi perangkat Intangible assets consist of computer software
lunak komputer dan diukur sebesar nilai license and are measured at cost less
perolehan dikurangi akumulasi amortisasi dan accumulated amortization and impairment
rugi penurunan nilai (jika ada). Amortisasi diakui losses (if any). Amortization is recognized in the
dalam laba rugi menggunakan metode garis profit or loss on a straight-line basis over the
lurus selama estimasi umur manfaat aset estimated useful lives of intangible assets.
takberwujud. Estimasi umur manfaat aset The estimated useful life of the Company’s
takberwujud atas lisensi perangkat lunak computer software license is 5 years.
Perusahaan adalah 5 tahun.
Aset takberwujud disajikan sebagai bagian dari Intangible assets are presented as part of the
akun “Aset lain-lain” dalam laporan posisi “Other assets” account in the Company’s
keuangan. statement of financial position.
19
Page 347
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
h. Biaya dibayar di muka h. Prepaid expenses
Biaya dibayar di muka diamortisasi selama Prepaid expenses are amortized using the
masa manfaat menggunakan metode garis straight-line method.
lurus.
i. Penurunan nilai aset non-keuangan i. Impairment of non-financial assets
Pada setiap akhir periode pelaporan, The Company assesses at each annual
Perusahaan menilai apakah terdapat indikasi reporting period whether there is an indication
suatu aset mengalami penurunan nilai. Jika that an asset may be impaired. If any such
terdapat indikasi tersebut atau pada saat indication exists, or when annual impairment
pengujian penurunan nilai aset (yaitu aset testing for an asset (i.e. an intangible asset with
takberwujud dengan umur manfaat tidak an indefinite useful life, an intangible asset not
terbatas, aset takberwujud yang belum dapat yet available for use, or goodwill acquired in
digunakan, atau goodwill yang diperoleh dalam a business combination) is required, the
suatu kombinasi bisnis) diperlukan, maka Company makes an estimate of the asset’s
Perusahaan membuat estimasi formal jumlah recoverable amount.
terpulihkan aset tersebut.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher of
individual adalah jumlah yang lebih tinggi antara an asset’s or Cash Generating Unit’s (CGU) fair
nilai wajar aset Unit Penghasil Kas (UPK) value less costs to sell and its value in use, and
dikurangi biaya untuk menjual dengan nilai is determined for an individual asset, unless the
pakainya, kecuali aset tersebut tidak asset does not generate cash inflows that are
menghasilkan arus kas masuk yang sebagian largely independent of those from other assets
besar independen dari aset atau kelompok aset or groups of assets. Where the carrying amount
lain. Jika nilai tercatat aset lebih besar daripada of an asset exceeds its recoverable amount, the
nilai terpulihkannya, maka aset tersebut asset is considered impaired and is written
dipertimbangkan mengalami penurunan nilai down to its recoverable amount.
dan nilai tercatat aset diturunkan menjadi
sebesar nilai terpulihkannya.
Rugi penurunan nilai dari operasi yang Impairment losses of continuing operations are
berkelanjutan diakui pada laporan laba rugi dan recognized in the statement of profit or loss and
penghasilan komprehensif lain sebagai “rugi other comprehensive income as “impairment
penurunan nilai” sesuai dengan kategori biaya losses” under expense categories that are
yang konsisten dengan fungsi dari aset yang consistent with the functions of the impaired
diturunkan nilainya. Dalam menghitung nilai assets. In assessing the value in use, the
pakai, estimasi arus kas masa depan neto estimated net future cash flows are discounted
didiskontokan ke nilai kini dengan to their present value using a pre-tax discount
menggunakan tingkat diskonto sebelum pajak rate that reflects current market assessments of
yang menggambarkan penilaian pasar kini dari the time value of money and the risks specific
nilai waktu uang dan risiko spesifik atas aset. to the asset.
Dalam menentukan nilai wajar dikurangi biaya In determining fair value less costs to sell,
untuk menjual, digunakan harga pasar terakhir, recent market transactions are taken into
jika tersedia. Jika tidak terdapat transaksi account, if available. If no such transactions can
tersebut, Perusahaan menggunakan model be identified, an appropriate valuation model is
penilaian yang sesuai untuk menentukan nilai used to determine the fair value of the assets.
wajar aset. Perhitungan-perhitungan ini These calculations are corroborated by
dikuatkan oleh penilaian berganda atau valuation multiples or other available fair value
indikator nilai wajar yang tersedia. Penilaian indicators. An assessment is made at each
dilakukan pada akhir setiap periode pelaporan annual reporting period as to whether there is
tahunan apakah terdapat indikasi bahwa rugi any indication that previously recognized
penurunan nilai yang telah diakui dalam periode impairment losses for an asset other than
sebelumnya untuk aset selain goodwill mungkin goodwill may no longer exist or may have
tidak ada lagi atau mungkin telah menurun. Jika decreased. If such indication exists, the
indikasi dimaksud ditemukan, maka entitas recoverable amount is estimated.
mengestimasi jumlah terpulihkan aset tersebut.
20
Page 348
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Penurunan nilai aset non-keuangan i. Impairment of non-financial assets
(lanjutan) (continued)
Kerugian penurunan nilai yang telah diakui A previously recognized impairment loss for an
dalam periode sebelumnya untuk aset selain asset other than goodwill is reversed only if
goodwill dibalik hanya jika terdapat perubahan there has been a change in the assumptions
asumsi-asumsi yang digunakan untuk used to determine the asset’s recoverable
menentukan jumlah terpulihkan aset tersebut amount since the last impairment loss was
sejak rugi penurunan nilai terakhir diakui. recognized. If that is the case, the carrying
Dalam hal ini, jumlah tercatat aset dinaikkan ke amount of the asset is increased to its
jumlah terpulihkannya. recoverable amount.
Pembalikan tersebut dibatasi sehingga jumlah The reversal is limited so that the carrying
tercatat aset tidak melebihi jumlah amount of the assets does not exceed its
terpulihkannya maupun jumlah tercatat, neto recoverable amount, nor exceed the carrying
setelah penyusutan, seandainya tidak ada rugi amount that would have been determined, net
penurunan nilai yang telah diakui untuk aset of depreciation, had no impairment loss been
tersebut pada tahun sebelumnya. Pembalikan recognized for the asset in prior years. Reversal
rugi penurunan nilai diakui dalam laporan laba of an impairment loss is recognized in the
rugi dan penghasilan komprehensif lain. statement of the profit or loss and other
Setelah pembalikan tersebut, penyusutan aset comprehensive income. After such a reversal,
tersebut disesuaikan di periode mendatang the depreciation charge on the asset is adjusted
untuk mengalokasikan jumlah tercatat aset in future periods to allocate the asset’s revised
yang direvisi, dikurangi nilai sisanya, dengan carrying amount, less any residual value, on
dasar yang sistematis selama sisa umur a systematic basis over its remaining useful life.
manfaatnya.
Manajemen berpendapat bahwa tidak ada Management believes that there is no indication
indikasi penurunan nilai aset non-keuangan of impairment in values of non-financial assets
yang disajikan dalam laporan posisi keuangan presented in the statement of financial position
pada tanggal 31 Desember 2025 dan 2024. as of December 31, 2025 and 2024.
j. Transaksi dan saldo dalam mata uang asing j. Foreign currency transactions and balances
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in a foreign currency
dalam mata uang Rupiah dengan are converted into Rupiah at the exchange rate
menggunakan kurs yang berlaku pada tanggal prevailing at the date of the transaction.
transaksi. Pada tanggal pelaporan, aset dan At reporting date, monetary assets and
liabilitas moneter dalam mata uang asing liabilities in foreign currencies are translated
dijabarkan ke dalam Rupiah dengan into Rupiah using Bank Indonesia middle rate
menggunakan kurs rata-rata jual beli Bank of exchange prevailing at such date. Any
Indonesia yang berlaku pada tanggal tersebut. resulting gains or losses are credited or
Laba atau rugi kurs yang terjadi dikreditkan atau charged to current operations.
dibebankan pada usaha tahun berjalan.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
kurs nilai tukar (nilai penuh) yang digunakan exchange rates (full amount) used are as
adalah sebagai berikut: follows:
2025 2024
1 Dolar Amerika Serikat (USD) 16.782 16.162 1 United States Dollar (USD)
1 Dolar Singapura (SGD) 13.069 11.919 1 Singapore Dollar (SGD)
k. Kas dan Bank k. Cash on hand and in banks
Kas dan bank mencakup kas dan kas di Bank, Cash on hand and in banks include cash on
yang tidak dibatasi penggunaannya dan tidak hand and cash in Banks, which are not
digunakan sebagai jaminan atas pinjaman. restricted and pledged as collateral for any
borrowing.
21
Page 349
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi reinsurance contracts assets/liabilities
Ruang lingkup dan klasifikasi Scope and classification
Perusahaan menerapkan PSAK 117 untuk The Company applied PSAK 117 to insurance
kontrak asuransi dan kontrak reasuransi yang contracts and reinsurance contracts held by the
dimiliki oleh Perusahaan. Kontrak asuransi Company. Insurance contracts are contracts
adalah kontrak di mana perusahaan menerima under which the company accepts significant
risiko asuransi yang signifikan dari pemegang insurance risk from policyholder, where it can
polis, di mana hal tersebut dapat menyebabkan cause the Company to pay significant additional
perusahaan membayar jumlah tambahan yang amounts in any single scenario withcommercial
signifikan dalam skenario tunggal dengan substance. The additional amounts refer to the
substansi komersial. Jumlah tambahan tersebut present value of amounts that exceed those that
mengacu pada nilai kini dari jumlah yang would be payable if no insured event had
melebihi jumlah yang akan dibayarkan jika tidak occurred.
ada peristiwa yang diasuransikan terjadi.
Kontrak reasuransi yang dimiliki adalah kontrak Reinsurance contracts held are contracts held
yang dimiliki oleh Perusahaan dimana ia by the Company under which it transfers
mentransfer risiko asuransi signifikan terkait significant insurance risk related to underlying
dengan kontrak asuransi dasar kepada pihak insurance contracts to other parties. These
lain. Kontrak-kontrak ini bertujuan untuk contracts aim to reduce the significant
mengurangi risiko asuransi signifikan yang insurance risk that the Company faces from its
dihadapi Perusahaan dari kontrak asuransi underlying insurance contracts.
dasarnya.
Kontrak asuransi yang diterbitkan oleh Insurance contracts issued by the Company
Perusahaan termasuk kontrak partisipasi including direct participation contracts that has
langsung yang memiliki layanan terkait substantially investment-related service, where
investasi secara substansial, dimana the Company promises an investment return
Perusahaan menjanjikan pengembalian based on the underlying assets.
investasi berdasarkan aset dasar.
Pengakuan kontrak asuransi Recognition of insurance contracts
Perusahaan mengakui kelompok kontrak The Company recognizes groups of insurance
asuransi yang diterbitkannya dari yang paling contracts that it issues from the earliest of the
awal di antara yang berikut: following:
Awal periode pertanggungan dari kelompok The beginning of the coverage period of the
kontrak, group of contracts,
Tanggal ketika pembayaran pertama dari The date when the first payment from a
pemegang polis dalam kelompok jatuh policyholder in the group is due or when the
tempo atau ketika pembayaran pertama first payment is received if there is no due
diterima jika tidak ada tanggal jatuh tempo, date, and
dan
Untuk kelompok kontrak yang merugi, For a group of onerous contracts, as soon
segera setelah fakta dan keadaan as facts and circumstances indicate that the
menunjukkan bahwa kelompok tersebut group is onerous.
merugi.
Pemisahan komponen Separation of components
Sebuah kontrak asuransi dapat mengandung An insurance contract may contain one or more
satu atau lebih komponen yang akan masuk components that would be within the scope of
dalam ruang lingkup Standar lain jika mereka another Standard if they were separate
adalah kontrak terpisah. Misalnya, sebuah contracts. For example, an insurance contract
kontrak asuransi dapat mencakup komponen may include an investment component or a
investasi atau komponen untuk layanan selain component for services other than insurance
layanan kontrak asuransi (atau keduanya). contract services (or both).
22
Page 350
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pemisahan komponen (lanjutan) Separation of components (continued)
Perusahaan telah menilai kontrak asuransi dan The company has assessed the insurance
kontrak reasuransi yang dimiliki pada tanggal contracts and reinsurance contracts held at
awal untuk menentukan apakah kontrak inception date whether the contracts are should
tersebut harus dipisahkan dan diakui sesuai be separated and accounted under other PSAK
dengan standar PSAK lainnya. standards.
Pada periode pelaporan ini, Perusahaan tidak As of this reporting period, the Company has no
memiliki komponen non-asuransi yang berbeda distinct non-insurance component that should
yang harus diakui dengan Standar lainnya. accounted with other Standards.
Tingkat agregasi Level of aggregation
Perusahaan telah mengidentifikasi portofolio The company has identified portfolios of
kontrak asuransi. Sebuah portofolio terdiri dari insurance contracts. A portfolio comprises
kontrak yang memiliki risiko serupa dan dikelola contracts subject to similar risks and managed
bersama-sama. Kontrak dalam satu lini produk together. Contracts within a product line would
diharapkan memiliki risiko serupa dan oleh be expected to have similar risks and hence
karena itu diharapkan berada dalam portofolio would be expected to be in the same portfolio if
yang sama jika dikelola bersama-sama. they are managed together.
Perusahaan telah mendefinisikan portofolio, The Company has defined portfolios, that is
dimana portofolio dikelompokkan berdasarkan grouped by Unit Linked, Health, Traditional and
Unit Linked, Kesehatan, Tradisional dan Mortgage Redemption Insurance (MRI).
Asuransi Jiwa Kumpulan (MRI).
Aliran kas dalam batasan kontrak Cash flows within the contract boundaries
Aliran kas berada dalam batasan kontrak Cash flows are within the boundary of an
asuransi jika mereka timbul dari hak dan insurance contract if they arise from substantive
kewajiban substantif yang ada selama periode rights and obligations that exist during the
pelaporan di mana entitas dapat memaksa reporting period in which the entity can compel
pemegang polis untuk membayar premi atau di the policyholder to pay the premiums or in which
mana entitas memiliki kewajiban substantif the entity has a substantive obligation to provide
untuk memberikan layanan kontrak asuransi the policyholder with insurance contract
kepada pemegang polis. services.
Kewajiban substantif yang didefinisikan oleh A substantive obligation defined by the
Perusahaan adalah ketika Perusahaan memiliki Company is when the Company has the
kemampuan praktis untuk menilai ulang risiko practical ability to reassess the risks of the
dari pemegang polis tertentu dan, sebagai particular policyholder and, as a result, can set
hasilnya, dapat menetapkan harga atau tingkat a price or level of benefits that fully reflects
manfaat yang sepenuhnya mencerminkan risiko those risks, or when the Company has the
tersebut, atau ketika Perusahaan memiliki practical ability to reassess the risks of the
kemampuan praktis untuk menilai ulang risiko portfolio of insurance contracts that contains the
dari portofolio kontrak asuransi yang contract and, as a result, can set a price or level
mengandung kontrak tersebut dan, sebagai of benefits that fully reflects the risk of that
hasilnya, dapat menetapkan harga atau tingkat portfolio; and the pricing of the premiums up to
manfaat yang sepenuhnya mencerminkan risiko the date when the risks are reassessed does
portofolio tersebut; dan penetapan harga premi not take into account the risks that relate to
hingga tanggal ketika risiko dinilai ulang tidak periods after the reassessment date.
memperhitungkan risiko yang berkaitan dengan
periode setelah tanggal penilaian ulang.
23
Page 351
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan m. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Model pengukuran Measurement models
Terdapat tiga model pengukuran untuk kontrak There are three measurement models for
asuransi: insurance contracts:
• General measurement model ("GMM"): • General measurement model (“GMM”): The
Perusahaan menerapkan model ini untuk Company applies this model to the
kontrak asuransi dan kontrak reasuransi remaining insurance contracts and
yang tersisa yang memenuhi syarat untuk reinsurance contracts that is eligible for VFA
pengukuran VFA dan PAA. measurement and PAA measurement.
• Variable fee approach ("VFA"): Perusahaan • Variable fee approach (“VFA”): The
menerapkan pendekatan ini untuk kontrak Company applies this approach to
asuransi dengan fitur partisipasi langsung insurance contracts with direct participation
seperti kontrak asuransi jiwa partisipasi, features such as participating life insurance
kontrak unit link, dan kontrak anuitas contracts, unit linked contracts, and
variabel. Fitur partisipasi langsung variable annuity contracts. The direct
diidentifikasi saat awal, di mana Perusahaan participating feature is identified at
memiliki kewajiban untuk membayar inception, where the Company has the
pemegang polis sejumlah yang setara obligation to pay the policyholder an
dengan nilai wajar dari item dasar dikurangi amount equal to the fair value of the
biaya variabel sebagai imbalan atas layanan underlying items less a variable fee in
investasi yang disediakan. exchange for investment services
provided.
• Premium allocation approach ("PAA"): • Premium allocation approach (“PAA”): The
Perusahaan menerapkan pendekatan Company applies this simplified approach
sederhana ini untuk kontrak asuransi for certain insurance contracts and
tertentu dan kontrak reasuransi yang reinsurance contracts that is not more than
memiliki periode tidak lebih dari 1 tahun. 1 year period of contracts.
Pengukuran kontrak asuransi berdasarkan Insurance contracts measured under the
model pengukuran GMM dan VFA GMM and VFA measurement model
Pengukuran awal Initial measurement
Perusahaan mengukur kontrak asuransi The Company measured insurance contracts
berdasarkan model pengukuran GMM dan VFA under GMM an VFA measurement model with
dengan metode yang sama, di mana pada the same method, where at the initial
pengakuan awal terdiri dari total Liabilitas recognition it is the total of Best Estimate
Estimasi Terbaik (BEL), Penyesuaian Risiko Liability (BEL), Risk Adjustment (RA), and
(RA), dan Margin Jasa Kontraktual (CSM). Contractual Service Margin (CSM).
Pada pengakuan awal, Perusahaan mengukur On the initial recognition, the Company
kelompok kontrak yang merupakan total arus measure a group of contracts that is a total of
kas pemenuhan, yang terdiri dari estimasi arus fulfillment cashflows, where it is comprise the
kas masa depan, penyesuaian yang estimates of future cash flows, an adjustment
mencerminkan nilai waktu uang dan risiko that is reflectingthe time value of money and the
keuangan terkait arus kas masa depan, serta financial risks related to the future cash flows,
margin jasa kontraktual. Dalam menentukan and contractual service margin. In determining
arus kas pemenuhan, Perusahaan the fulfilment cash flows, the Company uses
menggunakan estimasi dan asumsi dengan estimates and assumptions considering a range
mempertimbangkan berbagai skenario yang of scenarios which have commercial substance
memiliki substansi komersial dan memberikan and give a fair representation of possible
representasi yang adil dari kemungkinan hasil. outcomes.
24
Page 352
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran awal (lanjutan) Initial measurement (continued)
Margin jasa kontraktual mewakili keuntungan The contractual service margin represents the
yang belum diperoleh yang akan diakui oleh unearned profit the entity will recognise as it
entitas saat menyediakan layanan kontrak provides insurance contract services in the
asuransi di masa depan. Perusahaan mengukur future. The Company measure the contractual
margin jasa kontrak pada pengakuan awal, service margin at initial recognition, unless the
kecuali kelompok kontrak tersebut merugikan group of contracts are onerous or results in no
atau tidak menghasilkan pendapatan atau income or expenses arising from the initial
beban dari pengakuan awal arus kas recognition of the fulfillment cash flows, the
pemenuhan, arus kas yang timbul dari cash flows arising from the group of contracts at
kelompok kontrak pada tanggal tersebut, dan the date, and derecognition at the date of initial
penghapusan pada tanggal pengakuan awal recognition of asset for insurance acquisition
aset untuk arus kas akuisisi asuransi atau aset cash flows or any other assets or liabilities
atau liabilitas lain yang sebelumnya diakui untuk previously recognised for cash flows related to
arus kas terkait kelompok kontrak. the group of contracts.
Pengukuran lanjutan arus kas pemenuhan Subsequent measurement of fulfilment cash
flows
Selanjutnya, arus kas pemenuhan pada akhir Subsequently, the fulfillment cah flows at the
setiap periode adalah jumlah dari: end of each period is the sum of:
(a) liabilitas atas sisa masa pertanggungan (a) the liability for remaining coverage
yang terdiri dari: arus kas pemenuhan dan comprising: fulfillment cash flows and
margin jasa kontraktual. contractual service margin.
(b) liabilitas atas kejadian klaim. Setelah itu, (b) the liability for incurred claims. Following
Perusahaan akan mengakui pendapatan that, the Company will recognise the income
dan beban mengikuti perubahan dalam and expense following the changes in the
jumlah tercatat liabilitas atas sisa masa carrying amount of the liability for remaining
pertanggungan. coverage.
(c) penerimaan asuransi - untuk pengurangan (c) insurance revenue - for the reduction in the
dalam liabilitas atas sisa masa liability for remaining coverage because of
pertanggungan karena layanan yang services provided in the period.
diberikan dalam periode tersebut.
(d) beban layanan asuransi. (d) insurance service expenses.
(e) penerimaan atau beban keuangan asuransi (e) insurance finance income or expenses -for
untuk pengaruh nilai waktu uang dan the effect of the time value of money and the
pengaruh risiko keuangan. effect of financial risk.
Pengukuran lanjutan dari CSM di bawah model Subsequent measurement of the CSM under
pengukuran GMM the GMM measurement model
Margin jasa kontraktual pada akhir periode Contractual service margin at the end of the
pelaporan mewakili keuntungan dari kelompok reporting period represents the profit of the
kontrak yang belum diakui dalam laba rugi group of contracts that is not been recognised
karena terkait dengan jasa masa depan yang in the profit or loss because it relates to the
akan disediakan oleh kontrak dalam kelompok future services to be provided by the contracts
tersebut. in the group.
25
Page 353
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan dari CSM di bawah model Subsequent measurement of the CSM under
pengukuran GMM (lanjutan) the GMM measurement model (continued)
Untuk kontrak asuransi di bawah pengukuran For insurance contracts under GMM
GMM, jumlah tercatat margin jasa kontraktual measurement, the carrying amount of the
dari kelompok kontrak pada akhir periode contractual service margin of a group of
pelaporan sama dengan jumlah tercatat pada contracts at the end of the reporting period
awal periode pelaporan yang disesuaikan equals the carrying amount at the start of the
untuk: reporting period adjusted for:
(a) efek dari kontrak baru yang ditambahkan (a) the effect of any new contracts added to
ke kelompok, the group,
(b) Bunga akresian pada jumlah tercatat (b) interest accreted on the carrying amount of
margin jasa kontraktual selama periode the contractual service margin during the
pelaporan, diukur pada tingkat diskonto, reporting period, measured at the discount
rates,
(c) perubahan dalam arus kas pemenuhan (c) the changes in fulfilment cash flows
yang terkait dengan jasa masa depan, relating to future service, except to the
kecuali sejauh bahwa: extent that:
(i) peningkatan dalam arus kas (i) such increases in the fulfilment cash
pemenuhan melebihi jumlah tercatat flows exceed the carrying amount of
margin jasa kontraktual, yang the contractual service margin,
menyebabkan kerugian; atau giving rise to a loss; or
(ii) penurunan dalam arus kas (ii) such decreases in the fulfilment cash
pemenuhan dialokasikan ke flows are allocated to the loss
komponen kerugian dari liabilitas atas component of the liability for
sisa masa pertanggungan sesuai remaining coverage applying
dengan paragraf 50(b). paragraph 50(b).
(d) efek dari perbedaan nilai tukar mata uang (d) the effect of any currency exchange
pada margin jasa kontraktual; dan differences on the contractual service
margin; and
(e) jumlah yang diakui sebagai pendapatan (e) the amount recognised as insurance
asuransi karena transfer layanan kontrak revenue because of the transfer of
asuransi dalam periode tersebut, yang insurance contract services in the period,
ditentukan oleh alokasi margin jasa determined by the allocation of the
kontraktual yang tersisa pada akhir periode contractual service margin remaining at the
pelaporan (sebelum alokasi apa pun) end of the reporting period (before any
selama periode cakupan saat ini dan yang allocation) over the current and remaining
tersisa. coverage period.
26
Page 354
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan dari CSM di bawah model Subsequent measurement of the CSM under
pengukuran VFA the VFA measurement model
Untuk kontrak asuransi di bawah pengukuran For insurance contracts under VFA
VFA, jumlah tercatat margin jasa kontraktual measurement, the carrying amount of the
dari kelompok kontrak pada akhir periode contractual service margin of a group of
pelaporan sama dengan jumlah tercatat pada contracts at the end of the reporting period
awal periode pelaporan yang disesuaikan equals the carrying amount at the start of the
untuk: reporting period adjusted for:
(a) efek dari kontrak baru yang ditambahkan (a) the effect of any new contracts added to
ke kelompok; the group;
(b) perubahan dalam jumlah bagian entitas (b) the change in the amount of the entity’s
dari nilai wajar item dasar, kecuali sejauh share of the fair value of the
bahwa: underlyinitems, except to the extent that:
(i) paragraf B115 dari PSAK 117 (tentang (i) paragraph B115 of PSAK 117 (on risk
mitigasi risiko) berlaku; mitigation) applies;
(ii) penurunan dalam jumlah bagian (ii) the decrease in the amount of the
entitas dari nilai wajar item dasar entity’s share of the fair value of the
melebihi jumlah tercatat margin jasa underlying items exceeds the carrying
kontraktual, yang menyebabkan amount of the contractual service
kerugian; atau margin, giving rise to a loss or
(iii) peningkatan dalam jumlah bagian (iii) the increase in the amount of the
entitas dari nilai wajar item dasar entity’s share of the fair value of the
membalikkan jumlah dalam (ii). underlying items reverses the amount
in (ii).
(c) perubahan dalam arus kas pemenuhan (c) the changes in fulfilment cash flows
yang terkait dengan jasa masa depan, relating to future service, except to the
kecuali sejauh bahwa: extent that:
(i) paragraf B115 dari PSAK 117 (tentang (i) paragraph B115 of PSAK 117 (on risk
mitigasi risiko) berlaku; mitigation) applies;
(ii) peningkatan dalam arus kas (ii) such increases in the fulfilment cash
pemenuhan melebihi jumlah tercatat flows exceed the carrying amount of
margin jasa kontraktual; atau the contractual service margin; or
(iii) penurunan dalam arus kas (iii) such decreases in the fulfilment cash
pemenuhan dialokasikan ke flows are allocated to the loss
komponen kerugian dari liabilitas atas component of the liability for remaining
sisa masa pertanggungan. coverage.
(d) efek dari perbedaan nilai tukar mata uang (d) the effect of any currency exchange
yang timbul pada margin jasa kontraktual; differences arising on the contractual
dan service margin; and
(e) jumlah yang diakui sebagai pendapatan (e) the amount recognised as insurance
asuransi karena transfer layanan kontrak revenue because of the transfer of
asuransi dalam periode tersebut, yang insurance contract services in the period,
ditentukan oleh alokasi margin jasa determined by the allocation of the
kontraktual yang tersisa pada akhir periode contractual service margin remaining at the
pelaporan (sebelum alokasi apa pun) end of the reporting period (before any
selama periode cakupan saat ini dan yang allocation) over the current and remaining
tersisa sesuai dengan paragraf B119. coverage period applying paragraph B119.
27
Page 355
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan dari CSM di bawah model Subsequent measurement of the CSM under
pengukuran VFA (lanjutan) the VFA measurement model (continued)
Entitas tidak diharuskan untuk mengidentifikasi An entity is not required to identify these
penyesuaian ini secara terpisah. Sebaliknya, adjustments separately. Instead, a combined
jumlah gabungan dapat ditentukan untuk amount may be determined for some, or all, of
beberapa atau semua penyesuaian. the adjustments.
Beberapa perubahan dalam margin jasa Some changes in the contractual service
kontraktual mengimbangi perubahan dalam margin offset changes in the fulfilment cash
arus kas pemenuhan untuk liabilitas cakupan. flows for the liability.
cakupan yang tersisa, sehingga tidak ada for remaining coverage, resulting in no change
perubahan dalam jumlah tercatat total liabilitas in the total carrying amount of the liability for
atas sisa masa pertanggungan. Sejauh remaining coverage. To the extent that changes
perubahan dalam margin jasa kontraktual tidak in the contractual service margin do not offset
mengimbangi perubahan dalam arus kas changes in the fulfilment cash flows for the
pemenuhan untuk liabilitas atas sisa masa liability for remaining coverage, an entity shall
pertanggungan, entitas harus mengakui recognise income and expenses for the
pendapatan dan beban untuk perubahan changes.
tersebut.
Kontrak asuransi yang diukur di bawah Insurance contracts measured under the PAA
pengukuran PAA measurement
Perusahaan menerapkan PAA untuk semua The Company applies the PAA to all insurance
kontrak asuransi yang diterbitkannya jika contracts it issues if the coverage period of the
periode cakupan kontrak adalah satu tahun contract is one year or less. The LRC at initial
atau kurang. LRC pada pengakuan awal diukur recognition measured as the premium received
sebagai premi yang diterima pada pengakuan at initial recognition minus any insurance
awal dikurangi arus kas akuisisi asuransi pada acquisition cash flows at that date. For
tanggal tersebut. Untuk arus kas akuisisi, acqusition cash flows, the Company chose the
Perusahaan memilih amortisasi arus kas amortisation of cash flows over the coverage
selama periode cakupan. period.
Untuk kelompok kontrak yang diukur di bawah For group of contracts measured under PAA, if
PAA, jika fakta dan keadaan menunjukkan facts and circumstances indicate that there are
bahwa ada kelompok kontrak yang merugikan onerous group of contracts at initial
pada pengukuran awal, kerugian segera diakui measurement, a loss is immediately recognized
dalam pendapatan atau beban untuk arus kas in the income or expenses for the net outflow
keluar bersih dan komponen kerugian dari LRC and a loss component of the LRC is created for
dibuat untuk kelompok tersebut. the group.
Pengukuran lanjutan Subsequent measurement
Selanjutnya, Perusahaan mengukur jumlah Subsequently, the Company measures the
tercatat LRC pada akhir setiap periode carrying amount of the LRC at the end of each
pelaporan sebagai: reporting period as:
- LRC pada awal periode; ditambah - The LRC at beginning of the period; plus
- Premi yang diterima dalam periode - Premium received in the period; minus
tersebut; dikurangi
- Biaya akuisisi yang dapat diatribusikan - Directly attributable acquisition costs net
langsung setelah dikurangi amortisasi of related amortization (unless expensed
terkait (kecuali dibebankan saat terjadi); as incurred); minus
dikurangi
- Jumlah yang diakui sebagai pendapatan - Amount recognized as insurance revenue
asuransi untuk periode tersebut; dikurangi for the period; minus
- Komponen investasi yang dibayar atau - Investment component paid or transferred
ditransfer ke LIC. to the LIC.
28
Page 356
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan (lanjutan) Subsequent measurement (continued)
Jumlah yang diakui sebagai pendapatan The amount recognized as insurance revenue
asuransi untuk periode tersebut menggunakan for the period is using the passage of time. If at
berlalunya waktu. Jika kapan saja selama any time during the coverage period, facts and
periode cakupan, fakta dan keadaan circumstances indicate that a group of contracts
menunjukkan bahwa kelompok kontrak merugi, is onerous, the Company will recognize a loss
Perusahaan akan mengakui kerugian dalam in income or expenses and an increase in the
pendapatan atau beban dan peningkatan LRC LRC to the extent that the current estimate of
sejauh estimasi saat ini dari arus kas the fulfilment cash flows that relate to remaining
pemenuhan yang terkait dengan cakupan yang coverage (including the risk adjustment for non-
tersisa (termasuk penyesuaian risiko untuk financial risk) exceed the carrying amount of the
risiko non-keuangan) melebihi jumlah tercatat LRC.
LRC.
Perusahaan memperkirakan liabilitas atas The Company estimates the LIC as the
kejadian klaim (LIC) sebagai arus kas fulfilment cash flows related to incurred claims.
pemenuhan yang terkait dengan klaim yang The Company does not adjust the future cash
terjadi. Perusahaan tidak menyesuaikan arus flowsfor the time value of money, except when
kas masa depan untuk nilai waktu uang, kecuali claims are expected to settle more than one
ketika klaim diharapkan diselesaikan lebih dari year after the actual claim occurs.
satu tahun setelah klaim sebenarnya terjadi.
Pengakuan kontrak reasuransi yang dimiliki Recognition of reinsurance contracts held
Perusahaan mengakui kelompok kontrak The Company recognizes a group of
reasuransi yang dimiliki dari yang paling awal reinsurance contracts held from the earliest of
dari yang berikut: the following:
- Awal periode cakupan kelompok kontrak - The beginning of the coverage period of the
reasuransi yang dimiliki. Namun, group of reinsurance contracts held.
Perusahaan menunda pengakuan However, the Company delays the
kelompok kontrak reasuransi yang dimiliki recognition of a group of reinsurance
yang memberikan cakupan proporsional contracts held that provide proportionate
hingga tanggal ketika kontrak asuransi yang coverage until the date when any underlying
mendasarinya diakui pertama kali, jika insurance contract is initially recognized, if
tanggal tersebut lebih lambat dari awal that date is later than the beginning of the
periode cakupan kelompok kontrak coverage period of the group of reinsurance
reasuransi yang dimiliki, contracts held,
- Tanggal Perusahaan mengakui kelompok - The date the Company recognizes an
kontrak asuransi yang mendasarinya yang onerous group of underlying insurance
merugikan jika Perusahaan memasuki contracts if the Company entered into the
kontrak reasuransi terkait yang dimiliki related reinsurance contract held in the
dalam kelompok kontrak reasuransi yang group of reinsurance contracts held at or
dimiliki pada atau sebelum tanggal tersebut, before that date, and
dan
- Kontrak reasuransi yang dimiliki diukur di - Reinsurance contracts held measured
bawah model PAA. under the PAA model.
29
Page 357
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan (lanjutan) Subsequent measurement (continued)
Pengakuan kontrak reasuransi yang dimiliki Recognition of reinsurance contracts held
(lanjutan) (continued)
Perusahaan mengukur semua kontrak The Company measured all the reinsurance
reasuransi yang dimiliki dengan menggunakan contracts held by using the PAA model.
model PAA. Kontrak reasuransi yang dimiliki Reinsurance contracts held may be classified
dapat diklasifikasikan dan diukur di bawah and measured under the PAA model if they
model PAA jika memenuhi persyaratan meet the eligibility requirements, which are
kelayakan, yang mirip dengan persyaratan PAA similar to the PAA requirements for direct
untuk kontrak asuransi langsung. insurance contracts.
Untuk kontrak reasuransi yang dimiliki yang For reinsurance contracts held applying the
menerapkan model PAA, Perusahaan PAA model, the Company measures them on
mengukur mereka dengan dasar yang sama the same basis as insurance contracts that it
seperti kontrak asuransi yang diterbitkannya, issues, adapted to reflect the features of
disesuaikan untuk mencerminkan fitur-fitur reinsurance contracts held that differ from
kontrak reasuransi yang dimiliki yang berbeda insurance contracts issued. If a loss-recovery is
dari kontrak asuransi yang diterbitkan. Jika created for a group of reinsurance contracts
pemulihan kerugian dibuat untuk kelompok measured under the PAA, the Company adjusts
kontrak reasuransi yang diukur di bawah PAA, the carrying amount of the ARC as there is no
Perusahaan menyesuaikan jumlah tercatat CSM to adjust under PAA.
ARC karena tidak ada CSM yang harus
disesuaikan di bawah PAA.
Penghentian pengakuan kontrak asuransi Derecognition of insurance contracts
Perusahaan menghentikan pengakuan kontrak The Company derecognizes insurance
asuransi ketika hak dan kewajiban terkait contracts when the rights and obligations
dengan kontrak tersebut dihapuskan relating to the contract are extinguished
(yaitu, kadaluarsa, dibebaskan, dibatalkan; atau (i.e., lapse, discharged, cancelled; or expired)
berakhir) atau kontrak dimodifikasi sedemikian or the contract is modified such that the
rupa sehingga modifikasi tersebut modification results in a change in the
mengakibatkan perubahan dalam model measurement model, or the applicable standard
pengukuran, atau standar yang berlaku untuk for measuring a component of the contract. In
mengukur komponen kontrak. Dalam kasus the case of modification, the Company
modifikasi, Perusahaan menghentikan derecognizes the initial contract and recognizes
pengakuan kontrak awal dan mengakui kontrak the modified contract as a new contract. As of
yang dimodifikasi sebagai kontrak baru. Per 31 December 31, 2025, there is no modification of
Desember 2025, tidak terdapat kontrak contracts in the Company.
modifikasi pada Perusahaan. .
30
Page 358
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan (lanjutan) Subsequent measurement (continued)
Mata Uang Asing Foreign Currency
Terdapat aset kontrak asuransi, liabilitas There are insurance contract assets, insurance
kontrak asuransi, aset kontrak reasuransi, dan contract liabilities, reinsurance contract assets,
liabilitas kontrak reasuransi yang terekspos and reinsurance contract liabilities that is
terhadap risiko mata uang. exposed to currency risks.
Berdasarkan PSAK 117, menerapkan PSAK Based on PSAK 117, applying PSAK 221 The
221 Pengaruh Perubahan Nilai Tukar Asing Effects of Changes in Foreign Exchange Rates
pada sekelompok kontrak asuransi yang to a group of insurance contracts that generate
menghasilkan arus kas dalam mata uang asing, cash flows in a foreign currency, the Company
Perusahaan akan memperlakukan kelompok will treat the group of contracts, including the
kontrak tersebut, termasuk margin layanan contractual service margin as a monetary item.
kontraktual sebagai item moneter.
Perusahaan menerjemahkan arus kas yang The Company translated the cash flows related
terkait dengan PSAK 117 ke mata uang to PSAK 117 to reporting currency before the
pelaporan sebelum pengukuran arus kas. measurement of the cash flows. The exposure
Paparan risiko mata uang telah tercermin dalam of the currency risks has carried in the results of
hasil PSAK 117. PSAK 117.
Transisi Transition
Terdapat 3 (tiga) pendekatan transisi di bawah There are 3 (three) transition approach under
PSAK 117, di mana pada adopsi awal: PSAK 117, where at the initial adoption:
a. Pendekatan retrospektif penuh; CSM pada a. full retrospective approach; the CSM at
pengakuan awal didasarkan pada asumsi initial recognition is based on initial
awal ketika kelompok kontrak diakui dan assumptions when groups of contracts were
dilanjutkan hingga tanggal transisi seolah- recognised and rolled forward to the date of
olah PSAK 117 selalu diterapkan; transition as if PSAK 117 had always been
applied;
b. Pendekatan retrospektif yang dimodifikasi; b. modified retrospective approach; the CSM
CSM pada pengakuan awal dihitung at initial recognition is calculated based on
berdasarkan asumsi pada saat transisi assumptions at transition using some
dengan menggunakan beberapa simplifications and taking into account the
penyederhanaan dan mempertimbangkan actual pre-transition FCF; and
arus kas pemenuhan (FCF) pra-transisi
yang sebenarnya; dan
c. Pendekatan nilai wajar; FCF dan c. fair value approach; the pre-transition FCF
pengalaman pra-transisi tidak and experience are not considered.
dipertimbangkan.
Untuk transisi PSAK 117, Perusahaan For the transition of PSAK 117, the Company
menerapkan Pendekatan Retrospektif Penuh applied Full Retrospective Approach from
dari 1 Januari 2016 hingga 31 Desember 2023, 1 January 2016 to 31 December 2023, and the
serta Pendekatan Nilai Wajar (FVA) untuk fair value approach (FVA) for earlier/legacy
kelompok yang lebih awal (legacy) ketika groups for which a full retrospective application
penerapan retrospektif penuh tidak dapat was impracticable due to limitations in historical
dilakukan karena keterbatasan data historis dan data and systems.
sistem.
31
Page 359
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Pengukuran lanjutan (lanjutan) Subsequent measurement (continued)
Transisi (lanjutan) Transition (continued)
Pada tanggal transisi, untuk kelompok yang At the transition date, for groups under FVA we
menggunakan Pendekatan Nilai Wajar, kami measured the contractual service margin
mengukur marjin jasa kontraktual (CSM) (CSM) as the difference between (i) the fair
sebagai selisih antara (i) nilai wajar kelompok value of the group of insurance contracts
kontrak asuransi yang ditentukan sesuai PSAK determined in accordance with PSAK 113 and
113 dan (ii) arus kas pemenuhan yang diukur (ii) the fulfilment cash flows (FCF) measured
berdasarkan PSAK 117 pada tanggal tersebut. under PSAK 117 at that date.
Opsi penghasilan komprehensif lain Other comprehensive income option
Untuk kontrak yang diukur dengan General For contracts measured under the General
Measurement Model (GMM), Perusahaan Measurement Model (GMM), the Company has
memilih untuk mendisagregasi pendapatan elected to disaggregate insurance finance
atau beban keuangan asuransi (IFIE) antara income or expenses (IFIE) between profit or
laba rugi dan penghasilan komprehensif lain loss and other comprehensive income (OCI).
(OCI). Pergerakan Best Estimate Liability (BEL) Movements in the Best Estimate Liability (BEL)
dan Risk Adjustment (RA) dianalisis ke dalam and Risk Adjustment (RA) are analysed into
komponen yang terkait dengan jasa dan service-related and finance-related
keuangan. BEL dan RA pada tingkat diskonto components. BEL and RA at current discount
saat ini mencerminkan nilai kini arus kas rates represent the present value of fulfilment
pemenuhan, sedangkan tingkat diskonto cash flows, while locked-in rates are used for
“locked-in” digunakan untuk penyesuaian Contractual Service Margin (CSM)
Contractual Service Margin (CSM). adjustments.
Dengan pendekatan ini, IFIE yang diakui dalam Under this approach, IFIE reclassified to OCI
OCI mencerminkan: (i) dampak perubahan reflects: (i) the impact of changes in discount
tingkat diskonto dan asumsi keuangan lainnya rates and other financial assumptions relative to
dibandingkan dengan tingkat “locked-in”, (ii) locked-in rates, (ii) non-economic impacts
dampak non-ekonomi yang timbul ketika arus arising when cash flows are remeasured at
kas diukur ulang dengan tingkat saat ini current rates while CSM remains at locked-in
sementara CSM tetap diukur dengan tingkat assumptions, and (iii) foreign exchange
“locked-in”, dan (iii) selisih kurs dari revaluasi translation differences. This allocation reduces
arus kas dalam mata uang asing. Alokasi ini volatility in profit or loss and provides a clearer
mengurangi volatilitas pada laba rugi dan view of underlying underwriting performance,
memberikan gambaran yang lebih jelas atas while OCI continues to present the full
kinerja underwriting, sementara OCI tetap economic effect of changes in market variables.
menyajikan dampak ekonomi penuh dari
perubahan variabel pasar.
Penyajian dan Pengungkapan Presentation and Disclosure
Perusahaan telah menyajikan jumlah tercatat The Company has presented the carrying
portofolio kontrak asuransi yang berada dalam amount of portfolios of insurance contracts that
posisi aset atau liabilitas bersih, dan portofolio are in a net asset or liability position, and
kontrak reasuransi yang berada dalam posisi portfolios of reinsurance contracts that are in a
aset atau liabilitas bersih secara terpisah dalam net asset or liability position separately in the
laporan posisi keuangan. statements of financial position.
32
Page 360
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Aset/liabilitas kontrak asuransi dan l. Insurance contract assets/liabilities and
aset/liabilitas kontrak reasuransi (lanjutan) reinsurance contracts assets/liabilities
(continued)
Penyajian dan Pengungkapan (lanjutan) Presentation and Disclosure (continued)
Perusahaan menyajikan secara terpisah hasil The Company separately presents the
layanan asuransi, yang terdiri dari pendapatan insurance service result, which comprise
asuransi dan beban layanan asuransi, dari hasil insurance revenue and insurance service
investasi, yang terdiri dari pendapatan atau expenses, from the investment result, which
beban keuangan asuransi dalam Laporan Laba comprise insurance finance income or
Rugi. PSAK 117 memberikan opsi untuk expenses in the Statements of Income. PSAK
memisahkan perubahan dalam penyesuaian 117 provides an option to disaggregate the
risiko antara hasil layanan asuransi dan changes in risk adjustment between insurance
pendapatan keuangan asuransi. Perusahaan service results and insurance finance income.
memisahkan perubahan dalam penyesuaian The Company disaggregates the change in risk
risiko untuk risiko non-keuangan antara beban adjustment for non-financial risk between the
layanan asuransi dan pendapatan atau beban insurance service expenses and insurance
keuangan asuransi. finance income or expenses.
m. Aktivitas syariah m. Sharia activities
Perusahaan menerapkan PSAK No. 401, The Company adopted PSAK No. 401,
“Penyajian Laporan Keuangan Syariah” dan “Presentation of Sharia Financial Statements”
PSAK No. 408, “Akuntansi Transaksi Asuransi and PSAK No. 408, “Accounting for Sharia
Syariah”. Insurance Transaction”.
PSAK No. 408 mengatur beberapa hal berikut: PSAK No. 408 regulates the following:
i. Pengakuan kontribusi berdasarkan akad i. Recognition of contribution based on short-
asuransi jangka pendek dan jangka term and long-term insurance contract.
panjang.
ii. Manfaat polis masa depan, yaitu jumlah ii. Future policy benefits, is total provision
penyisihan untuk memenuhi estimasi klaim provided to meet the estimated claims in
yang timbul pada periode mendatang. the future. This provision is provided for
Penyisihan ini untuk akad asuransi syariah long-term sharia insurance contract.
jangka panjang.
iii. Dana investasi wakalah yang telah iii. Invested wakalah investment fund is
diinvestasikan dicatat secara on balance recorded on balance sheet.
sheet.
iv. Pendapatan ujrah dan biaya akuisisi diakui iv. Ujrah income and acquisition cost are
secara garis lurus selama masa akad recognized using straight-line method
asuransi syariah. during its insurance sharia contract.
v. Tes kecukupan dilakukan terhadap v. Liability adequacy test are performed to
penyisihan teknis yang dibentuk dengan technical reserve using estimated present
menggunakan estimasi nilai atas arus kas value of future cash flows based on sharia
masa depan berdasarkan akad asuransi insurance contract when deficiency
syariah. Ketika terjadi kekurangan, maka occurred, such deficiency is recognized as
kekurangan tersebut diakui sebagai beban expense in tabarru fund.
pada dana tabarru.
Dana peserta merupakan seluruh dana milik Participants’ fund represent all funds that
peserta berupa dana tabarru, dana tanahud, consist of tabarru fund, tanahud fund, and
dan dana investasi. investment fund.
Dana peserta yang terdiri dari dana tabarru, Participants’ fund that consist of tabarru fund,
dana tanahud, dan dana investasi dibedakan tanahud fund, and investment fund is
dari liabilitas dan ekuitas dan disajikan terpisah distinguished from liabilities and equity and is
dalam laporan posisi keuangan. separately presented in the statement of
financial position.
33
Page 361
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Aktivitas syariah (lanjutan) m. Sharia activities (continued)
Aset dan liabilitas yang berasal dari transaksi Assets and liabilities culminating from sharia
syariah termasuk di dalam laporan posisi transactions are included in the Company’s
keuangan Perusahaan, dimana pendapatan statement of financial position, whereas sharia
underwriting syariah dan beban dikeluarkan underwriting income and expenses are
dari laporan laba rugi dan penghasilan excluded from the statement of profit or loss
komprehensif lain, dan akumulasi surplus and other comprehensive income, and the
underwriting dari operasional syariah tercermin accumulated underwriting surplus of sharia
di dalam laporan posisi keuangan Perusahaan operations is reflected in the Company’s
sebagai “Dana Peserta”. statement of financial position as “Participants’
Fund”.
Penyisihan teknis untuk polis asuransi syariah Technical reserve for sharia insurance policies
disajikan sebagai liabilitas dalam laporan posisi is presented as liabilities in the statement of
keuangan. Penyisihan dialokasikan pada setiap financial position. The reserve is appropriated
periode dari surplus dana tabarru dan dana in each period from the tabarru fund and
tanahud. Surplus dibagikan kepada peserta tanahud fund surplus. The surplus is distributed
asuransi syariah pada akhir jangka waktu polis to sharia participants at the end of the policy
berdasarkan “nisbah” yang disepakati. term based on the agreed “nisbah”.
Ujrah adalah kompensasi yang diterima oleh Ujrah is the Company’s compensation for
Perusahaan karena telah mengatur dana. managing the fund.
n. Perpajakan n. Taxation
Beban pajak terdiri dari pajak final, pajak kini The tax expense comprise of final, current and
dan pajak tangguhan. Pajak diakui dalam laba deffered tax. Tax is recognized in the profit or
rugi, kecuali jika pajak tersebut terkait dengan loss except to the extend that it relates to items
transaksi atau kejadian yang diakui dalam recognized in the other comprehensive income
penghasilan komprehensif lain atau langsung or directly in equity. In this case, the tax is also
diakui ke ekuitas. Dalam hal ini, pajak tersebut recognized in other comprehensive income or
masing - masing diakui dalam penghasilan directly in equity, respectively.
komprehensif lain atau ekuitas.
Pajak final Final tax
Peraturan perpajakan di Indonesia mengatur Tax regulation in Indonesia determined that
beberapa jenis penghasilan dikenakan pajak certain taxable income is subject to final tax.
yang bersifat final. Pajak final yang dikenakan Final tax applied to the gross value of
atas nilai bruto transaksi tetap dikenakan transactions is applied even when the parties
walaupun atas transaksi tersebut pelaku carrying the transaction are recognizing losses.
transaksi mengalami kerugian. Perusahaan Final tax is presented as a separate line item in
menyajikan beban pajak final sebagai pos the statement of profit or loss and other
tersendiri dalam laporan laba rugi dan comprehensive income.
penghasilan komprehensif lain.
Pajak kini Current tax
Aset dan liabilitas pajak kini untuk tahun Current income tax assets and liabilities for the
berjalan diukur sebesar jumlah yang current period are measured at the amount
diharapkan dapat direstitusi dari atau expected to be recovered from or paid to the
dibayarkan kepada otoritas perpajakan. taxation authority.
34
Page 362
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Perpajakan n. Taxation
Pajak kini (lanjutan) Current tax (continued)
Beban pajak kini ditentukan berdasarkan Current tax expense is determined based on
penghasilan kena pajak dalam tahun yang the taxable income for the year computed using
bersangkutan yang dihitung berdasarkan tarif prevailing tax rates. Underpayment/
pajak yang berlaku. Kekurangan/kelebihan overpayment of income tax, if any, is presented
pembayaran pajak penghasilan, jika ada, as part of “Income tax expense” in the
disajikan sebagai bagian dari “Beban pajak statement of profit or loss and other
penghasilan” dalam laporan laba rugi dan comprehensive income. Tax interest/penalty is
penghasilan komprehensif lain. Bunga/denda presented as part of “Other expenses” in the
pajak disajikan sebagai bagian dari akun statement of profit or loss and other
“Beban lain-lain” dalam laporan laba rugi dan comprehensive income.
penghasilan komprehensif lain.
Koreksi terhadap liabilitas perpajakan diakui Amendments to tax obligations are recorded
pada saat surat ketetapan pajak diterima atau, when a tax assessment letter is received or, if
jika diajukan keberatan, pada saat keputusan appealed against, when the result of the appeal
atas keberatan ditetapkan. is determined.
Pajak penghasilan kini terkait dengan pos-pos Current income tax relating to items
yang diakui secara langsung di ekuitas diakui recognized directly in equity is recognized in
dalam ekuitas dan bukan dalam laporan laba equity and not in the statement of profit or loss.
rugi. Manajemen secara berkala mengevaluasi Management periodically evaluates positions
posisi yang diambil dalam Surat Pemberitahuan taken in the tax returns with respect to
Tahunan (SPT) sehubungan dengan situasi di situations in which applicable tax regulations
mana peraturan perpajakan yang berlaku are subject to interpretation and establishes
tunduk pada interpretasi dan menetapkan provisions where appropriate.
ketentuan yang sesuai.
Sebagai tanggapan terhadap penerapan In response to the implementation of the
kerangka Pilar 2 Organisasi untuk Kerja Sama Organisation for Economic Co-operation and
dan Pembangunan Ekonomi (Organisation for Development (“OECD”) Pillar 2 framework rule
Economic Co-operation and Development atau (“Pillar 2”), on December 31, 2024, Indonesian
"OECD"), pada tanggal 31 Desember 2024, Government implemented Pillar 2 framework
Pemerintah Indonesia menetapkan aturan through Ministry of Finance Regulation No.
kerangka Pilar 2 (“Pillar 2”) melalui Peraturan 136/2024 (PMK 136/2024). The Pillar 2 model
Menteri Keuangan No. 136/2024 (PMK rules as implemented under PMK 136/2024 will
136/2024). Pilar 2 sesuai PMK 136/2024 akan take effect for fiscal years beginning on or after
berlaku untuk tahun fiskal yang dimulai pada January 1, 2025. For the year ended December
atau setelah tanggal 1 Januari 2025. Untuk 31, 2025, the Company has applied
tahun yang berakhir pada 31 Desember 2025, amendments to PSAK 212: Income Taxes,
Perusahaan telah menerapkan amandemen which provide mandatory temporary exception
PSAK 212: Pajak Penghasilan, yang from recognizing or disclosing deferred taxes
memberikan pengecualian wajib sementara related to Pillar 2. PMK 136/2024 applies new
dari pengakuan atau pengungkapan pajak taxing mechanisms under which a Multinational
tangguhan terkait Pilar 2. PMK 136/2024 Enterprises (“MNE”) should pay a top-up tax in
menerapkan mekanisme perpajakan baru yang a jurisdiction whenever their efective tax rate,
mensyaratkan Perusahaan Multinasional determined on a jurisdictional basis under the
("PMN") untuk membayar pajak tambahan Pillar2, is below a 15% minimum rate.
padayurisdiksi tertentu ketika tarif pajak efektif
yang ditentukan per yurisdiksi menurut Pilar 2
lebih rendah dari tarif minimum 15%.
35
Page 363
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Perpajakan (lanjutan) n. Taxation (continued)
Pajak tangguhan Deferred tax
Aset dan liabilitas pajak tangguhan diakui untuk Deferred tax assets and liabilities are
konsekuensi pajak pada masa mendatang yang recognized for the future tax consequences
timbul dari perbedaan jumlah tercatat aset dan attributable to differences between the carrying
liabilitas menurut laporan keuangan dengan amounts of existing assets and liabilities in the
dasar pengenaan pajak aset dan liabilitas pada financial statements and their respective tax
setiap tanggal pelaporan. Liabilitas pajak bases at each reporting date. Deferred tax
tangguhan diakui untuk semua perbedaan liabilities are recognized for all taxable
temporer kena pajak dan aset pajak tangguhan temporary differences and deferred tax assets
diakui untuk perbedaan temporer yang boleh are recognized for deductible temporary
dikurangkan dan akumulasi rugi fiskal, differences and accumulated fiscal losses to
sepanjang besar kemungkinan perbedaan the extent that it is probable that taxable profit
temporer yang boleh dikurangkan dan will be available in future years against which
akumulasi rugi fiskal tersebut dapat the deductible temporary differences and
dimanfaatkan untuk mengurangi laba kena accumulated fiscal losses can be utilized.
pajak pada masa depan.
Pajak tangguhan dihitung dengan Deferred tax is calculated at the tax rates that
menggunakan tarif pajak yang berlaku atau have been enacted or substantively enacted at
secara substansial telah berlaku pada tanggal the reporting date. Changes in the carrying
pelaporan. Perubahan nilai tercatat aset dan amount of deferred tax assets and liabilities due
liabilitas pajak tangguhan yang disebabkan oleh to a change in tax rates are charged to current
perubahan tarif pajak dibebankan pada usaha year operations, except to the extent that they
tahun berjalan, kecuali untuk transaksi- relate to items previously charged or credited to
transaksi yang sebelumnya telah langsung equity.
dibebankan atau dikreditkan ke ekuitas.
Aset dan liabilitas pajak tangguhan disajikan Deferred tax assets and liabilities are offset in
secara saling hapus dalam laporan posisi the statement of financial position, except if they
keuangan, kecuali aset dan liabilitas pajak are for different legal entities, consistent with
tangguhan untuk entitas yang berbeda, sesuai the presentation of current tax assets and
dengan penyajian aset dan liabilitas pajak kini. liabilities.
Pajak kini dan tangguhan terkait dengan pos Current and deferred tax relating to items
yang secara langsung diakui pada penghasilan recognized directly in other comprehensive
komprehensif lain juga diakui pada penghasilan income is likewise recognized in other
komprehensif lain. comprehensive income.
o. Instrumen keuangan o. Financial instruments
Instrumen keuangan adalah setiap kontrak A financial instrument is any contract that gives
yang menambah nilai aset keuangan bagi satu rise to a financial asset of one entity and a
entitas dan liabilitas keuangan atau ekuitas bagi financial liability or equity instrument of another
entitas lain. entity.
Aset keuangan Financial assets
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Pada pengakuan awal, Perusahaan mengukur At initial recognition, the Company measures a
aset keuangan pada nilai wajarnya ditambah financial asset at its fair value plus transaction
biaya transaksi, dalam hal aset keuangan tidak costs, in the case of a financial asset not at fair
diukur pada nilai wajar melalui laba rugi value through profit or loss (“FVTPL”).
(“NWLR”).
36
Page 364
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Pengakuan dan Pengukuran Awal (lanjutan) Initial Recognition and Measurement
(continued)
Agar aset keuangan diklasifikasikan dan diukur In order for a financial asset to be classified and
pada biaya perolehan diamortisasi atau measured at amortized cost or FVOCI, it needs
NWPKL, aset keuangan harus menghasilkan to give rise to cash flows that are ‘solely
arus kas yang semata dari pembayaran pokok payments of principal and interest (“SPPI”)’ on
dan bunga (“SPPB”) dari jumlah pokok terutang. the principal amount outstanding. This
Penilaian ini disebut sebagai uji SPPB dan assessment is referred to as the SPPI test and
dilakukan pada tingkat instrumen. is performed at an instrument level.
Model bisnis Perusahaan untuk mengelola aset The Company business model for managing
keuangan mengacu pada bagaimana mereka financial assets refers to how it manages its
mengelola aset keuangannya untuk financial assets in order to generate cash flows.
menghasilkan arus kas. Model bisnis The business model determines whether cash
menentukan apakah arus kas akan dihasilkan flows will result from collecting contractual cash
dari penerimaan arus kas kontraktual, flows, selling the financial assets, or both.
penjualan aset keuangan, atau keduanya.
Pengukuran Selanjutnya Subsequent Measurement
Untuk tujuan pengukuran selanjutnya, aset For purposes of subsequent measurement,
keuangan diklasifikasikan dalam empat financial assets are classified in four categories:
kategori:
● Aset keuangan pada biaya perolehan Financial assets at amortized cost (debt
diamortisasi (instrumen utang), instruments),
● Aset keuangan pada Nilai Wajar pada Financial assets at FVOCI with recycling of
Penghasilan Komprehensif Lain (NWPKL) cumulative gains and losses (debt
dengan reklasifikasi ke keuntungan dan instruments),
kerugian kumulatif (instrumen utang),
● Aset keuangan pada NWPKL tanpa Financial assets designated at FVOCI with
reklasifikasi ke keuntungan dan kerugian no recycling of cumulative gains and losses
kumulatif atas pelepasan (instrumen upon derecognition (equity instruments),
ekuitas), dan NWLR. and FVTPL.
Pengukuran selanjutnya dari aset keuangan The subsequent measurement of financial
tergantung kepada klasifikasi masing-masing assets depends on their classification as
aset keuangan seperti berikut ini: described below:
Aset keuangan pada biaya perolehan Financial assets at amortized cost (debt
diamortisasi (instrumen utang). instruments).
Perusahaan mengukur aset keuangan pada The Company measures financial assets at
biaya perolehan diamortisasi jika kedua kondisi amortized cost if both of the following
berikut terpenuhi: conditions are met:
● Aset keuangan dimiliki dalam model bisnis The financial asset is held within a
dengan tujuan untuk memiliki aset business model with the objective to hold
keuangan dalam rangka mendapatkan arus financial assets in order to collect
kas kontraktual, dan contractual cash flows, and
● Persyaratan kontraktual dari aset The contractual terms of the financial
keuangan menghasilkan arus kas pada asset give rise on specified dates to cash
tanggal tertentu yang merupakan SPPB flows that are SPPI on the principal
dari jumlah pokok terutang. amount outstanding.
37
Page 365
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Pengukuran Selanjutnya (lanjutan) Subsequent Measurement (continued)
Aset keuangan pada biaya perolehan Financial assets at amortized cost (debt
diamortisasi (instrumen utang) (lanjutan) instruments) (continued)
Aset keuangan yang diukur pada biaya Financial assets at amortized cost are
perolehan diamortisasi selanjutnya diukur subsequently measured using the effective
dengan menggunakan metode suku bunga interest (“EIR”) method and are subject to
efektif (“SBE”) dan menjadi subjek penurunan impairment. Gains and losses are recognized
nilai. Keuntungan dan kerugian diakui dalam in profit or loss when the asset is derecognized,
laba rugi pada saat aset dihentikan modified or impaired.
pengakuannya, dimodifikasi atau diturunkan
nilainya.
Aset keuangan Perusahaan yang diukur pada The Company’s financial assets at amortized
biaya perolehan diamortisasi termasuk kas dan cost includes cash on hand and in banks,
bank, piutang premi, piutang investasi, piutang premium receivables, investment receivables,
reasuransi, piutang lain-lain, investasi dalam reinsurance receivables, other receivables,
deposito berjangka, pinjaman hipotik, pinjaman investments in the form of time deposits,
polis dan aset lain-lain - jaminan. mortgage loans, policy loans and other assets
- deposits.
Aset keuangan pada NWPKL (instrumen utang) Financial assets at FVOCI (debt instruments)
Untuk instrumen utang yang diukur pada For debt instruments at FVOCI, interest
NWPKL, pendapatan bunga, revaluasi mata income, foreign exchange revaluation and
uang asing dan kerugian penurunan nilai atau impairment losses or reversals are recognized
pembalikan diakui dalam laporan laba rugi dan in the statement of profit or loss and computed
dihitung dengan cara yang sama seperti untuk in the same manner as for financial assets
aset keuangan yang diukur pada biaya measured at amortized cost. The remaining
perolehan diamortisasi. Perubahan nilai wajar fair value changes are recognized in other
yang tersisa diakui di penghasilan komprehensif comprehensive income (OCI). Upon
lain (PKL). Pada saat penghentian pengakuan, derecognition, the cumulative fair value
perubahan nilai wajar kumulatif yang diakui di change recognized in OCI is recycled to profit
PKL direklasifikasi ke laba rugi. or loss.
Instrumen utang Perusahaan yang diukur pada The Company’s debt instruments at FVOCI
NWPKL termasuk investasi pada instrumen includes investments in debt instruments.
utang.
Aset keuangan pada NWPKL tanpa reklasifikasi Financial assets designated at FVOCI with no
keuntungan dan kerugian kumulatif setelah recycling of cumulative gains and losses upon
pelepasan (instrumen ekuitas) derecognition (equity instruments)
Pada pengakuan awal, Perusahaan dapat Upon initial recognition, the Company can
memilih untuk menetapkan klasifikasi yang elect to classify irrevocably its investments in
takterbatalkan atas investasi pada instrumen equity instruments at FVOCI when they meet
ekuitas sebagai NWPKL jika memenuhi definisi the definition of equity under PSAK No. 232
ekuitas sesuai PSAK No. 232 dan tidak dimiliki and are not held for trading. The classification
untuk diperdagangkan. Klasifikasi ditentukan is determined on an instrument-by-instrument
atas basis instrumen per instrumen. basis.
38
Page 366
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Pengukuran Selanjutnya (lanjutan) Subsequent Measurement (continued)
Aset keuangan pada NWPKL tanpa reklasifikasi Financial assets designated at FVOCI with no
keuntungan dan kerugian kumulatif setelah recycling of cumulative gains and losses upon
pelepasan (instrumen ekuitas) (lanjutan) derecognition (equity instruments) (continued)
Keuntungan dan kerugian atas aset keuangan Gains and losses on these financial assets are
ini tidak pernah direklasifikasi ke laba rugi, dan never recycled to profit or loss, and these
aset keuangan ini tidak menjadi subjek financial assets are not subject to impairment
penurunan nilai. Dividen diakui sebagai assessment. Dividends are recognized as
penghasilan investasi dalam laba rugi pada investment income in the profit or loss when
saat hak atas pembayaran telah ditetapkan. the right of payment has been established.
Pada tanggal 31 Desember 2025 dan 2024 As of December 31 2025 and 2024, The
Perusahaan tidak memiliki instrumen ekuitas Company does not have any equity instrument
pada klasifikasi ini. in this classification.
Aset Keuangan pada nilai wajar melalui laba Financial assets at fair value through profit or
rugi (“NWLR”) loss (“FVTPL”)
Aset keuangan pada NWLR tercatat dalam Financial assets at FVTPL are carried in the
laporan posisi keuangan pada nilai wajar statement of financial position at fair value with
dengan perubahan neto nilai wajar yang diakui net changes in fair value recognized in the
dalam laporan laba rugi. statement of profit or loss.
Kategori ini termasuk investasi ekuitas yang This category includes listed equity
diperdagangkan di bursa efek yang mana investments which the Company had not
oleh Perusahaan diklasifikasikan secara irrevocably elected to classify at FVOCI.
takterbatalkan pada NWPKL. Dividen atas Dividends on listed equity investments are
investasi ekuitas yang tercatat di bursa diakui recognized as investment income in the
sebagai pendapatan investasi dalam laporan statement of profit or loss when the right of
laba rugi pada saat hak atas pembayaran telah payment has been established.
ditetapkan.
Derivatif melekat dalam kontrak hibrida, dengan A derivative embedded in a hybrid contract,
liabilitas keuangan atau kontrak utama non- with a financial liability or non-financial host, is
keuangan, dipisahkan dari kontrak utamanya separated from the host and accounted for
dan dicatat sebagai derivatif terpisah jika: as a separate derivative if: the economic
karakteristik ekonomi dan risiko tidak berkaitan characteristics and risks are not closely related
erat dengan kontrak utamanya; instrumen to the host; a separate instrument with the
terpisah dengan persyaratan yang sama same terms as the embedded derivative would
dengan derivatif melekat akan memenuhi meet the definition of a derivative; and the
definisi derivatif; dan kontrak revisedhibrida ini hybrid contract is not measured at FVTPL.
tidak diukur pada NWLR. Derivatif melekat Embedded derivatives are measured at fair
diukur pada nilai wajar dengan perubahan nilai value with changes in fair value recognized in
wajar diakui dalam laba rugi. Penilaian ulang profit or loss. Reassessment only occurs if
hanya terjadi jika terdapat perubahan baik there is either a change in the terms of the
dalam persyaratan kontrak yang secara contract that significantly modifies the cash
signifikan mengubah arus kas yang sebaliknya flows that would otherwise be required or a
akan diperlukan, atau reklasifikasi aset reclassification of a financial asset out of the
keuangan di luar dari kategori NWLR. FVTPL category.
39
Page 367
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penghentian Pengakuan Derecognition
Aset keuangan (atau, sesuai dengan A financial asset (or, where applicable, a part of
kondisinya, bagian dari aset keuangan atau a financial asset or part of a group of similar
bagian dari kelompok aset keuangan serupa) financial assets) is primarily derecognized
terutama dihentikan pengakuannya (yaitu, (i.e., removed from the Company statement of
dihapuskan dari laporan posisi keuangan financial position) when:
Perusahaan) ketika:
● Hak untuk menerima arus kas dari aset The rights to receive cash flows from the asset
telah berakhir, atau have expired, or
● Perusahaan telah mengalihkan haknya The Company has transferred its rights to
untuk menerima arus kas dari aset atau receive cash flows from the asset or has
menanggung kewajiban untuk membayar assumed an obligation to pay the received
arus kas yang diterima tersebut secara cash flows in full without material delay
penuh tanpa penundaan yang material to a third party under a ‘pass-through’
kepada pihak ketiga berdasarkan arrangement; and either (a) the Company has
kesepakatan ‘pass-through’, dan salah transferred substantially all the risks and
satu dari (a) Perusahaan telah rewards of the asset, or (b) the Company has
mengalihkan secara substansial seluruh neither transferred nor retained substantially all
risiko dan manfaat atas aset, atau (b) the risks and rewards of the asset, but has
Perusahaan tidak mengalihkan maupun transferred control of the aset.
tidak memiliki secara substansial atas
seluruh risiko dan manfaat atas aset, tetapi
telah mengalihkan kendali atas aset.
Ketika Perusahaan telah mengalihkan haknya When the Company has transferred its rights to
untuk menerima arus kas dari suatu aset atau receive cash flows from an asset or has entered
telah menandatangani kesepakatan ‘pass- into a pass-through arrangement, it evaluates if,
through’, Perusahaan mengevaluasi jika, dan and to what extent, it has retained the risks and
sejauh mana, Perusahaan masih rewards of ownership. When it has neither
mempertahankan risiko dan manfaat atas transferred nor retained substantially all of the
kepemilikan aset. Ketika Perusahaan tidak risks and rewards of the asset, nor transferred
mengalihkan maupun seluruh risiko dan control of the asset, the Company continues to
manfaat atas aset dipertahankan secara recognize the transferred asset to the extent of
substansial, maupun tidak mengalihkan kendali its continuing involvement. In that case, the
atas aset, Perusahaan tetap mengakui aset Company also recognizes an associated
yang dialihkan sebesar keterlibatan liability. The transferred asset and the
berkelanjutannya. Dalam kasus tersebut, associated liability are measured on a basis that
Perusahaan juga mengakui liabilitas terkait. reflects the rights and obligations that the
Aset yang dialihkan dan liabilitas terkait diukur Company has retained.
dengan basis yang mencerminkan hak dan
kewajiban yang masih dipertahankan oleh
Perusahaan.
Continuing involvement that takes the form of a
Keterlibatan berkelanjutan dalam bentuk guarantee over the transferred asset is
jaminan atas aset yang ditransfer, diukur pada measured at the lower of the original carrying
nilai yang lebih rendah antara jumlah tercatat amount of the asset and the maximum amount
awal aset dan jumlah maksimum imbalan yang of consideration that the Company could be
dibutuhkan oleh Perusahaan untuk membayar required to repay.
kembali.
40
Page 368
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penurunan Nilai (lanjutan) Impairment (continued)
Perusahaan mengakui penyisihan kerugian The Company recognizes an allowance for
kredit ekspektasian (KKE) untuk semua estimated credit losses (ECL) for all debt
instrumen utang yang bukan diukur pada instruments not held at FVTPL and financial
NWLR dan kontrak jaminan keuangan. KKE guarantee contracts. ECLs are based on the
ditentukan atas perbedaan antara arus kas difference between the contractual cash flows
kontraktual menurut kontrak dan semua arus due in accordance with the contract and all the
kas yang diharapkan akan diterima oleh cash flows that the Company expects to
Perusahaan, yang didiskontokan dengan receive, discounted at an approximation of the
perkiraan SBE orisinal. Arus kas yang original EIR. The expected cash flows include
diharapkan mencakup setiap arus kas dari any cash flows from the sale of collateral held
penjualan agunan yang dimiliki atau perbaikan or other credit enhancements that are integral
kredit lainnya yang merupakan bagian yang to the contractual terms.
tidak terpisahkan dalam ketentuan kontrak.
KKE diakui dalam dua tahap. Bila belum ECLs are recognized in two stages. When
terdapat peningkatan risiko kredit signifikan there have been significant increases in credit
sejak pengakuan awal, KKE diakui untuk risks since initial recognition, ECLs are
kerugian kredit yang dihasilkan dari peristiwa provided for credit losses that result from
gagal bayar yang mungkin terjadi dalam jangka default events that are possible within the next
waktu 12 bulan ke depan (KKE 12 bulan). 12-months (a 12-month ECL). But, when there
Namun, bila telah terdapat peningkatan have been significant increases in credit risks
signifikan risiko kredit sejak pengakuan awal, since initial recognition, a loss allowance is
penyisihan kerugian diakui untuk kerugian kredit recognized for credit losses expected over the
yang diperkirakan selama sisa umur aset, tanpa remaining life of the asset, irrespective of
mempertimbangkan waktu gagal bayar (KKE timing of the default (a lifetime ECL).
sepanjang umurnya).
Karena piutang premi, dan piutang lain-lainnya Because its premium and other receivables do
tidak memiliki komponen pembiayaan not contain significant financing component, the
signifikan, Perusahaan menerapkan Company applies a simplified approach in
pendekatan yang disederhanakan dalam calculating ECL. Therefore, the Company does
perhitungan KKE. Oleh karena itu, Perusahaan not track changes in credit risk, but instead
tidak menelusuri perubahan dalam risiko kredit, recognizes a loss allowance based on lifetime
namun justru mengakui penyisihan kerugian ECL at each reporting date. The Company
berdasarkan KKE sepanjang umurnya pada established a provision matrix that is based on
setiap tanggal pelaporan. Perusahaan its historical credit loss experience, adjusted for
membentuk matriks provisi berdasarkan forward-looking factors specific to the debtors
pengalaman kerugian kredit masa lampau, and the economic environment.
disesuaikan dengan perkiraan masa depan
(forward-looking) atas faktor yang spesifik untuk
debitur dan lingkungan ekonomi.
Untuk instrumen utang pada NWPKL, For debt instruments at FVOCI, the Company
Perusahaan menerapkan risiko kredit rendah applies the low credit risk simplification. At
yang disederhanakan. Setiap tanggal every reporting date, the Company evaluates
pelaporan, Perusahaan mengevaluasi apakah whether the debt instrument is considered to
instrumen utang tersebut dianggap memiliki have low credit risk using all reasonable and
risiko kredit rendah dengan menggunakan supportable information that is available without
semua informasi yang wajar dan terdukung undue cost or effort. In making that evaluation,
yang tersedia tanpa biaya atau usaha yang the Company reassesses the internal credit
berlebihan. Dalam melakukan evaluasi rating of the debt instrument. In addition, the
tersebut, Perusahaan menilai kembali peringkat Company considers that there has been a
kredit internal dari instrumen utang tersebut. significant increase in credit risk when
Selain itu, Perusahaan mempertimbangkan contractual payments are more than 360 days
bahwa telah terjadi peningkatan risiko kredit past due.
secara signifikan ketika pembayaran
kontraktual lebih dari 360 hari dari tanggal jatuh
tempo.
41
Page 369
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Aset keuangan (lanjutan) Financial assets (continued)
Penurunan Nilai (lanjutan) Impairment (continued)
Instrumen utang Perusahaan pada NWPKL The Company’s debt instruments at FVOCI
hanya terdiri dari obligasi kuotasi yang dinilai comprise solely of quoted bonds that are
dalam kategori investasi teratas (Sangat Baik graded in the top investment category (Very
dan Baik) oleh Pefindo, Fitch dan Moody’s, oleh Good and Good) by the Pefindo, Fitch and
karena itu, dianggap sebagai investasi dengan Moody’s, therefore, are considered to be low
risiko kredit rendah. Merupakan kebijakan credit risk investments. It is the Company’s
Perusahaan untuk mengukur KKE pada policy to measure ECLs on such instruments on
instrumen tersebut setiap 12 bulan. Namun, jika a 12-month basis. However, when there has
terjadi peningkatan risiko kredit secara been a significant increase in credit risk since
signifikan sejak diterbitkan, penyisihan akan origination, the allowance will be based on the
didasarkan pada KKE sepanjang umurnya. lifetime ECL. The Company uses the ratings
Perusahaan menggunakan peringkat dari from Pefindo, Fitch and Moody’s both to
Pefindo, Fitch dan Moody’s baik untuk determine whether the debt instrument has
menentukan apakah instrumen utang telah significantly increased in credit risk and to
meningkat secara signifikan dalam risiko kredit estimate ECLs.
dan untuk mengestimasi KKE.
Penyisihan kerugian penurunan nilai secara Allowance for impairment losses on impaired
individual dihitung dengan menggunakan financial assets that was assessed individually
metode diskonto arus kas (discounted cash is computed using discounted cash flows
flows). Sedangkan cadangan kerugian method. While allowance for impairment losses
penurunan nilai secara kolektif dihitung dengan on impaired financial assets that was assessed
menggunakan metode statistik dari data collectively, the Company uses statistical
historis berupa Probability of Default di masa method of the historical data such as the
lalu, waktu pengembalian dan jumlah kerugian Probability of Defaults, time of recoveries, the
yang terjadi (Loss Given Default) yang amount of loss incurred (Loss Given Default),
selanjutnya disesuaikan lagi dengan considering management’s judgment of current
pertimbangan manajemen terkait kondisi economic and credit conditions.
ekonomi dan kredit saat ini.
Perusahaan menganggap aset keuangan The Company considers a financial asset in
dalam gagal bayar ketika pembayaran default when contractual payments are 360
kontraktual telah lewat 360 hari dari tanggal days past due. However, in certain cases, the
jatuh tempo. Namun, dalam kasus tertentu, Company may also consider a financial asset to
Perusahaan juga dapat mempertimbangkan be in default when internal or external
aset keuangan menjadi gagal bayar ketika information indicates that the Company is
informasi internal atau eksternal menunjukkan unlikely to receive the outstanding contractual
bahwa besar kemungkinan Perusahaan tidak amounts in full before taking into account any
credit enhancements held by the Company. A
menerima jumlah kontraktual terutang secara
financial asset is written off when there is no
penuh sebelum memperhitungkan perbaikan
reasonable expectation of recovering the
kredit yang dimiliki oleh Perusahaan. Aset contractual cash flows.
keuangan dihapuskan jika tidak terdapat
ekspektasi yang wajar untuk memulihkan arus
kas kontraktual.
Liabilitas keuangan Financial liabilities
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Liabilitas keuangan diklasifikasikan, pada Financial liabilities are classified, at initial
pengakuan awal, sebagai liabilitas keuangan recognition, as financial liabilities at FVTPL,
yang diukur pada NWLR, utang dan pinjaman loans and borrowings, or as derivatives
atau derivatif ditetapkan sebagai instrumen designated as hedging instruments in an
lindung nilai pada lindung nilai yang efektif, effective hedge, as appropriate.
sesuai dengan kondisinya.
42
Page 370
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Pengakuan dan Pengukuran Awal (lanjutan) Initial Recognition and Measurement
(continued)
Semua liabilitas keuangan diakui pada nilai All financial liabilities are recognized initially at
wajar saat pengakuan awal dan, dalam hal fair value and, in the case of loans and
liabilitas keuangan dilklasifikasi sebagai utang borrowings and payables, net of directly
dan pinjaman, diakui pada nilai wajar setelah attributable transaction costs.
dikurangi biaya transaksi yang dapat
diatribusikan secara langsung.
Perusahaan menetapkan liabilitas The Company designates its financial liabilities
keuangannya sebagai utang dan pinjaman, as loans and borrowings, such as due to
seperti utang reasuransi, utang koasuransi, reinsurers, due to coinsurer, commissions
utang komisi, beban akrual, utang lain-lain, payable, accrued expenses, other liabilities,
liabilitas sewa dan utang klaim. lease liabilities and claims payable.
Pengukuran Selanjutnya Subsequent Measurement
Pengukuran selanjutnya dari liabilitas keuangan The subsequent measurement of financial
ditentukan oleh klasifikasinya sebagai berikut: liabilities depends on their classification as
described below:
Liabilitas keuangan pada NWLR Financial liabilities at FVTPL
Liabilitas keuangan yang diukur pada NWLR Financial liabilities at FVTPL include financial
mencakup liabilitas keuangan yang dimiliki liabilities held for trading and financial liabilities
untuk diperdagangkan dan liabilitas keuangan designated upon initial recognition as at FVTPL.
yang diukur pada NWLR yang ditetapkan saat
pengakuan awal.
Liabilitas keuangan diklasifikasikan sebagai Financial liabilities are classified as held for
dimiliki untuk diperdagangkan, jika liabilitas trading if they are incurred for the purpose of
keuangan tersebut diperoleh untuk tujuan dibeli repurchasing in the near term. This category
kembali dalam waktu dekat. Kategori ini juga also includes derivative financial instruments
mencakup instrumen keuangan derivatif yang entere into by the Company that are not
dilakukan oleh Perusahaan dimana instrumen designated as hedging instruments in hedge
derivatif tersebut tidak ditetapkan sebagai relationships as defined by PSAK No. 109.
instrumen lindung nilai dalam hubungan lindung
nilai sebagaimana didefinisikan dalam PSAK
No. 109.
43
Page 371
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Pengukuran Selanjutnya (lanjutan) Subsequent Measurement (continued)
Liabilitas keuangan pada NWLR (lanjutan) Financial liabilities at FVTPL (continued)
Derivatif melekat yang dipisahkan juga Separated embedded derivatives are also
diklasifikasikan sebagai dimiliki untuk classified as held for trading unless they are
diperdagangkan kecuali ditetapkan sebagai designated as effective hedging instruments.
instrumen lindung nilai yang efektif.
Keuntungan atau kerugian atas liabilitas yang Gains or losses on liabilities held for trading are
dimiliki untuk diperdagangkan diakui dalam recognized in the statement of profit or loss.
laporan laba rugi.
Liabilitas keuangan yang diukur pada NWLR
Financial liabilities designated upon initial
yang ditetapkan saat pengakuan awal harus
memenuhi kriteria dalam PSAK No. 109 dan recognition at FVTPL are designated at the
ditetapkan pada tanggal pengakuan awal. initial date of recognition, and only if the criteria
Perusahaan tidak menetapkan liabilitas in PSAK No. 109 are satisfied. The Company
keuangan apapun sebagai liabilitas yang diukur has not designated any financial liability as at
pada NWLR. FVTPL.
(i) Utang dan Pinjaman Jangka Panjang yang (i) Long-term Interest-bearing Loans and
Dikenakan Bunga Borrowings
Setelah pengakuan awal, utang dan Subsequent to initial recognition, long-term
pinjaman jangka panjang yang berbunga interest-bearing loans and borrowings are
diukur pada biaya perolehan yang measured at amortized acquisition costs
diamortisasi dengan menggunakan metode using EIR method. At the reporting dates,
SBE. Pada tanggal pelaporan, biaya bunga accrued interest is recorded separately from
yang masih harus dibayar dicatat secara the associated borrowings within the current
terpisah, dari pokok pinjaman terkait, dalam liabilities section. Gains and losses are
bagian liabilitas jangka pendek. Keuntungan recognized in the profit or loss when the
dan kerugian diakui pada laba rugi ketika liabilities are derecognized as well as
liabilitas dihentikan pengakuannya maupun through the EIR amortization process.
melalui proses amortisasi menggunakan
metode SBE.
Biaya perolehan di amortisasi dihitung Amortized cost is calculated by taking into
dengan mempertimbangkan setiap diskonto account any discount or premium on
atau premium atas akusisi dan komisi atau acquisition and fee or costs that are an
biaya yang merupakan bagian tidak integral part of the EIR. The EIR
terpisahkan dari SBE. Amortisasi SBE amortization is included in finance costs in
dicatat sebagai beban keuangan pada laba the profit or loss.
rugi.
44
Page 372
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Instrumen keuangan (lanjutan) o. Financial instruments (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Pengukuran Selanjutnya (lanjutan) Subsequent Measurement (continued)
Liabilitas keuangan pada NWLR (lanjutan) Financial liabilities at FVTPL (continued)
(ii) Utang dan Akrual (ii) Payables and Accruals
Liabilitas untuk utang reasuransi, utang Liabilities for due to reinsurers, commissions
komisi, beban akrual, utang lain-lain, payable, accrued expenses, other liabilities,
liabilitas sewa dan utang klaim dinyatakan lease liabilities and claims payable are
sebesar jumlah tercatat (jumlah nosional), stated at carrying amounts (notional
yang kurang lebih sebesar nilai wajarnya. amounts), which approximate their fair
values.
Penghentian Pengakuan Derecognition
Suatu liabilitas keuangan dihentikan A financial liability is derecognized when the
pengakuannya pada saat kewajiban yang obligation under the contract is discharged or
ditetapkan dalam kontrak berakhir atau cancelled or expired.
dibatalkan atau kedaluwarsa.
Ketika sebuah liabilitas keuangan ditukar When an existing financial liability is replaced by
dengan liabilitas keuangan lain dari pemberi another from the same lender on substantially
pinjaman yang sama atas persyaratan yang different terms, or the terms of an existing
secara substansial berbeda, atau bila liability are substantially modified, such an
persyaratan dari liabilitas keuangan tersebut exchange or modification is treated as
secara substansial dimodifikasi, pertukaran derecognition of the original liability and
atau modifikasi persyaratan tersebut dicatat recognition of a new liability, and the difference
sebagai penghentian pengakuan liabilitas in the respective carrying amounts is recognized
keuangan orisinal dan pengakuan liabilitas in the profit or loss.
keuangan baru, dan selisih antara nilai tercatat
masing-masing liabilitas keuangan tersebut
diakui pada laba rugi.
Saling Hapus Instrumen Keuangan Offsetting of Financial Instruments
Aset keuangan dan liabilitas keuangan disaling Financial assets and financial liabilities are
hapuskan dan nilai netonya disajikan dalam offset, and the net amount reported in the
laporan posisi keuangan jika, dan hanya jika, statement of financial position if, and only if,
terdapat hak secara hukum untuk melakukan there is a currently enforceable legal right to
saling hapus atas jumlah tercatat dari aset offset the recognized amounts and there is an
keuangan dan liabilitas keuangan tersebut dan intention to settle on a net basis, or to realize the
terdapat intensi untuk menyelesaikan secara assets and settle the liabilities simultaneously.
neto, atau untuk merealisasikan aset dan
menyelesaikan liabilitas secara bersamaan.
45
Page 373
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
p. Imbalan kerja karyawan p. Employment benefits
Perusahaan juga mencatat penyisihan manfaat The Company also provides additional
tambahan selain program dana pensiun provisions on top of the benefits provided under
tersebut di atas untuk memenuhi dan menutup the above-mentioned defined contribution
imbalan minimum yang harus dibayar kepada pension programs in order to meet and cover
karyawan-karyawan sesuai dengan Perjanjian the minimum benefits required to be paid to the
Kerja Bersama dan Peraturan Pemerintah qualified employees under Collective Labor
Pengganti Undang-undang tentang Cipta Kerja Agreement and Government Regulation in Lieu
No. 2/2022 (“UU Cipta Kerja”, (UUCK)). of Law No. 2/2022 (the “Cipta Kerja Law”,
Penyisihan tambahan tersebut diestimasi (UUCK)). The said additional provisions are
dengan menggunakan perhitungan aktuarial estimated using actuarial calculations using the
metode “Projected Unit Credit”. “Projected Unit Credit” method.
Sehubungan dengan program pensiun imbalan The liability recognized in the statement of
pasti, liabilitas diakui pada laporan posisi financial position in respect of defined benefit
keuangan sebesar nilai kini liabilitas imbalan pension plans is the present value of the
pasti pada akhir periode pelaporan, dikurangi defined benefit obligation at the end of the
dengan nilai wajar aset program. reporting period, less the fair value of plan
assets.
Liabilitas imbalan pasti dihitung setiap tahun The defined benefit obligation is calculated
oleh aktuaris independen dengan annually by independent actuaries using the
menggunakan metode projected unit credit. projected unit credit method. The present value
Nilai kini liabilitas ditentukan dengan of the defined benefit obligation is determined
mendiskontokan arus kas keluar yang by discounting the estimated future cash
diestimasi dengan menggunakan tingkat bunga outflows using interest rates of Government
Obligasi Pemerintah yang didenominasikan Bonds that are denominated in the currency in
dalam mata uang dimana imbalan akan which the benefits will be paid, and that have
dibayarkan dan memiliki jangka waktu jatuh terms to maturity approximating to the terms of
tempo mendekati jangka waktu liabilitas the related pension obligation.
pensiun.
Aset program adalah aset yang dimiliki oleh Plan assets are assets that are held by a long-
dana imbalan kerja jangka panjang. Aset term employee benefit fund. Plan assets are
program tersebut dimiliki oleh entitas hukum held by a separate legal entity and exist solely
terpisah dan didirikan semata-mata untuk to pay or fund employee benefits and are not
membayar atau mendanai imbalan kerja dan available to the creditors of the Company, nor
tidak boleh dipakai untuk menyelesaikan can they be paid to the Company. Fair value is
liabilitas kepada kreditur Perusahaan dan tidak determined based on market price information.
dapat dibayarkan kepada Perusahaan. Nilai
wajar ditentukan berdasarkan informasi harga
pasar.
Biaya jasa lalu diakui segera dalam laba rugi. Past-service costs are recognized immediately
Biaya imbalan pasca-kerja yang diakui selama in the profit or loss. The post-employment
tahun berjalan terdiri dari biaya jasa dalam laba benefits expense recognized during the current
rugi, bunga neto atas liabilitas imbalan pasti year consists of service cost in profit or loss,
neto dalam laba rugi dan pengukuran kembali net interest on the net defined benefit liability
liabilitas imbalan pasti neto dalam penghasilan in profit or loss and remeasurement of the
komprehensif lain. net defined benefit liabilities in other
comprehensive income.
46
Page 374
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
p. Imbalan kerja karyawan (lanjutan) p. Employment benefits (continued)
Bunga neto atas liabilitas imbalan pasti neto Net interest on the net defined benefit liabilites
merupakan komponen pendapatan bunga dari is the interest income component of plan
aset program, beban bunga atas liabilitas assets, interest expense of defined benefit
imbalan pasti dan bunga atas dampak batas obligation and interest on the effect of asset
atas dari aset. ceiling.
Pengukuran kembali atas liabilitas imbalan Remeasurement of net defined benefit
pasti neto, yang diakui sebagai penghasilan liabilities, which is recognized as other
komprehensif lain, terdiri dari: comprehensive income, consists of:
i. Keuntungan dan kerugian aktuarial; i. Actuarial gains and losses;
ii. Imbal hasil atas aset program, tidak ii. Return on program asset, not including
termasuk jumlah yang dimasukkan dalam amounts included in net interest of liabilities
bunga neto atas liabilitas (aset); (asset);
iii. Setiap perubahan dampak batas atas aset, iii. Every change in asset ceiling, not including
tidak termasuk jumlah yang dimasukkan amounts included in net interest liabilities
dalam bunga neto atas liabilitas (aset). (asset).
Pengukuran kembali atas liabilitas imbalan Remeasurement on net defined benefit
pasti neto, yang diakui sebagai penghasilan liabilities, which is recognized as other
komprehensif lain tidak direklasifikasi ke laba comprehensive income will not be reclassified
rugi pada tahun berikutnya. to profit or loss in the next year.
Perusahaan memberikan imbalan jangka The Company provide other long-term
panjang lainnya dalam bentuk cuti besar employee benefits including long-service leave
berimbalan dan penghargaan masa kerja and jubilee awards.
(jubilee).
Pengukuran kembali, terdiri atas keuntungan Re-measurements, comprising of actuarial
dan kerugian aktuarial, segera diakui pada gains and losses, are recognized immediately
laporan posisi keuangan dengan pengaruh in the statement of financial position with a
langsung didebit atau dikreditkan kepada saldo corresponding debit or credit to retained
laba melalui PKL pada periode terjadinya. earnings through OCI in the period in which
Pengukuran kembali tidak direklasifikasi ke laba they occur. Re-measurements are not
rugi pada periode berikutnya. reclassified to profit or loss in subsequent
periods.
q. Sewa q. Lease
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement
perjanjian sewa atau perjanjian yang is, or contains, a lease is based on the extent to
mengandung sewa berdasarkan sejauh mana which risks and rewards incidental to the
risiko dan manfaat yang terkait dengan ownership of a leased asset are vested upon
kepemilikan aset sewaan berada pada lessor the lessor or the lessee, and the substance of
atau lessee, dan pada substansi transaksi the transaction rather than the form of the
daripada bentuk kontraknya. contract.
Pada tanggal permulaan kontrak, Perusahaan At the inception of a contract, the Company
menilai apakah kontrak merupakan, atau assesses whether the contract is, or contains,
mengandung, sewa. Suatu kontrak merupakan a lease. A contract is or contains a lease if the
atau mengandung sewa jika kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified asset for a period of time in
penggunaan aset identifikasian selama suatu exchange for consideration.
jangka waktu untuk dipertukarkan dengan
imbalan.
47
Page 375
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Sewa (lanjutan) q. Lease (continued)
Untuk menilai apakah kontrak memberikan hak To assess whether a contract conveys the right
untuk mengendalikan penggunaan aset to control the use of an identified asset, the
identifikasian, Perusahaan mempertimbangkan Company considers whether:
apakah:
- Perusahaan memiliki hak untuk - The Company has the right to obtain
mendapatkan secara substansial seluruh substantially all the economic benefits from
manfaat ekonomi dari penggunaan aset use of the asset throughout the period of
identifikasian; dan use; and
- Perusahaan memiliki hak untuk - The Company has the right to direct the
mengarahkan penggunaan aset use of the asset. The Company has this
identifikasian. Perusahaan memiliki hak ini right when it has the decision-making rights
ketika Perusahaan memiliki hak untuk that are the most relevant to changing the
pengambilan keputusan yang relevan determination of how and for what purpose
tentang penentuan bagaimana dan untuk the asset is used and:
tujuan apa aset digunakan telah ditentukan
sebelumnya dan:
1. Perusahaan memiliki hak untuk 1. The Company has the right to operate
mengoperasikan aset; atau the asset; or
2. Perusahaan telah mendesain aset 2. The Company has designed the asset
dengan cara menetapkan sebelumnya in a way that predetermines how and
bagaimana dan untuk tujuan apa aset for what purpose it will be used.
akan digunakan selama periode
penggunaan.
Pada tanggal insepsi atau pada penilaian At the inception or on reassessment of
kembali atas kontrak yang mengandung a contract that contains a lease component, the
sebuah komponen sewa, Perusahaan Company allocates the consideration in the
mengalokasikan imbalan dalam kontrak ke contract to each lease component on the basis
masing-masing komponen sewa berdasarkan of the relative stand-alone prices and the
harga tersendiri relatif dari komponen sewa dan aggregate stand-alone price of the non-lease
harga tersendiri agregat dari komponen non- components.
sewa.
Pada tanggal permulaan sewa, Perusahaan The Company recognizes a right-of-use asset
mengakui aset hak-guna dan liabilitas sewa. and a lease liability at the lease commencement
Aset hak-guna diukur pada biaya perolehan, date. The right-of-use asset is initially measured
dimana meliputi jumlah pengukuran awal at cost, which comprises the initial amount of
liabilitas sewa yang disesuaikan dengan the lease liability adjusted for any lease
pembayaran sewa yang dilakukan pada atau payment made at or before the commencement
sebelum tanggal permulaan, ditambah dengan date, plus any initial direct cost incurred and an
biaya langsung awal yang dikeluarkan dan estimate of costs to dismantle and remove the
estimasi biaya yang akan dikeluarkan untuk underlying asset or to restore the underlying
membongkar dan memindahkan aset pendasar asset to the condition required by the terms and
untuk merestorasi aset pendasar ke kondisi conditions of the lease, less any lease
yang disyaratkan dari ketentuan sewa, incentives received.
dikurangi dengan insentif sewa yang diterima.
Aset hak-guna kemudian disusutkan The right-of-use asset is subsequently
menggunakan metode garis lurus dari tanggal depreciated using the straight-line method from
permulaan hingga tanggal yang lebih awal the commencement date to the earlier of the
antara akhir umur manfaat aset hak-guna atau end of the useful life of the right-of-use asset or
akhir masa sewa. the end of the lease term.
48
Page 376
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Sewa (lanjutan) q. Lease (continued)
Liabilitas sewa diukur pada nilai kini The lease liability is initially measured at the
pembayaran sewa yang belum dibayar pada present value of the lease payments that are
tanggal permulaan, didiskontokan dengan not paid at the commencement date,
menggunakan suku bunga implisit dalam sewa discounted using the interest rate implicit in the
atau jika suku bunga tersebut tidak dapat lease or, if that rate cannot be readily
ditentukan, maka menggunakan suku bunga determined, using the incremental borrowing
pinjaman inkremental. Pada umumnya, rate. Generally, the Company uses its
Perusahaan menggunakan suku bunga incremental borrowing rate as the discount rate.
pinjaman inkremental sebagai tingkat bunga
diskonto.
Pembayaran sewa yang termasuk dalam Lease payments included in the measurement
pengukuran liabilitas sewa meliputi of the lease liability comprise fixed payments,
pembayaran tetap, termasuk pembayaran tetap including in-substance fixed payments less any
secara substansi dikurangi dengan piutang lease incentive receivable.
insentif sewa.
Setiap pembayaran sewa dialokasikan sebagai Each lease payment is allocated between
beban keuangan dan pengurangan liabilitas finance charges and reduction of the lease
sehingga menghasilkan tingkat suku bunga liability so as to achieve a constant rate on the
yang konstan atas saldo liabilitas yang tersisa. finance balance outstanding.
r. Provisi r. Provisions
Provisi diakui jika Perusahaan memiliki Provisions are recognized when the Company
kewajiban kini (baik bersifat hukum maupun has a present obligation (legal or constructive)
bersifat konstruktif) yang akibat peristiwa masa where, as a result of a past event, it is probable
lalu, besar kemungkinannya penyelesaian that an outflow of resources embodying
kewajiban tersebut mengakibatkan arus keluar economic benefits will be required to settle the
sumber daya yang mengandung manfaat obligation and a reliable estimate of the amount
ekonomi dan estimasi yang andal mengenai of the obligation can be made.
jumlah kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal laporan Provisions are reviewed at each reporting date
posisi keuangan dan disesuaikan untuk and adjusted to reflect the current best
mencerminkan estimasi kini terbaik. Jika tidak estimate. If it is no longer probable that an
terdapat kemungkinan arus keluar sumber daya outflow of resources embodying economic
yang mengandung manfaat ekonomi untuk benefits will be required to settle the obligation,
menyelesaikan kewajiban tersebut, provisi tidak the provision is reversed.
diakui.
s. Kontinjensi s. Contingencies
Jika besar kemungkinan bahwa kewajiban kini The entity discloses a contingent liability, where
belum ada pada akhir periode pelaporan, maka it is more likely that no present obligation exists
entitas mengungkapkan liabilitas kontinjensi. at the end of the reporting period, unless the
Pengungkapan tidak diperlukan jika arus keluar possibility of an outflow of resources
sumber daya yang mengandung manfaat embodying economic benefits is remote.
ekonomi kemungkinannya kecil. Aset Contingent assets are not recognized in the
kontinjensi tidak diakui dalam laporan financial statements but disclosed when an
keuangan, namun diungkapkan jika terdapat inflow of economic benefits is probable.
kemungkinan besar arus masuk manfaat
ekonomi akan diperoleh entitas.
49
Page 377
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Peristiwa setelah periode pelaporan t. Events after the reporting period
Peristiwa setelah akhir tahun yang memberikan Post year-end events that provide additional
tambahan informasi mengenai posisi keuangan information about th Company’s financial
Perusahaan pada tanggal pelaporan position at the reporting date (adjusting events),
(memerlukan penyesuaian), jika ada, telah if any, are reflected in the financial statements.
dicerminkan dalam laporan keuangan. Post year-end events that are not adjusting
Peristiwa setelah akhir tahun yang bukan events are disclosed in the notes to the financial
merupakan peristiwa yang memerlukan statements when material.
penyesuaian diungkapkan dalam catatan atas
laporan keuangan jika material.
u. Informasi segmen u. Segments information
Perusahaan menerapkan PSAK No. 108, The Company applied PSAK No. 108,
“Segmen Operasi”, yang mengatur “Operating Segments”, which requires
pengungkapan yang memungkinkan pengguna disclosures that will enable users of financial
laporan keuangan untuk mengevaluasi sifat dan statements to evaluate the nature and financial
dampak keuangan dari aktivitas bisnis yang effects of the business activities in which the
mana entitas terlibat dan lingkungan ekonomi entity engages and the economic environments
dimana entitas beroperasi. in which it operates.
Segmen adalah bagian khusus dari A segment is a distinguishable component of
Perusahaan yang terlibat, baik dalam the Company that is engaged either in providing
menyediakan produk dan jasa yang memiliki certain products which are subject to risks and
risiko dan imbalan yang berbeda dari segmen rewards that are different from those of other
lainnya. segments.
Informasi keuangan atas tiap kegiatan usaha The financial information based on such lines of
dimanfaatkan oleh manajemen untuk business is used by management in evaluating
mengevaluasi kinerja setiap segmen dan the performance of each segment and
menentukan alokasi sumber daya. determining the allocation of resources.
Pendapatan, beban, hasil, aset dan liabilitas Segment revenue, expenses, results, assets
segmen termasuk pos-pos yang dapat and liabilities include items directly attributable
diatribusikan langsung kepada suatu segmen to a segment as well as those that can be
serta hal-hal yang dapat dialokasikan dengan allocated on a reasonable basis to that
dasar yang sesuai dengan segmen tersebut. segment.
Perusahaan menyajikan pengelompokan The Company presented the classification its
kegiatan usaha ke dalam asuransi jiwa line of business into general insurance
kematian, dwiguna, seumur hidup, kesehatan, death term life, endowment, whole life, health,
kecelakaan diri dan unit link dalam catatan- personal accident and unit link in related notes
catatan terkait atas laporan keuangan. to the financial statements.
v. Laba per saham v. Earnings per share
Laba per saham dihitung berdasarkan laba Earnings per share is computed based on
tahun berjalan dibagi dengan rata-rata income for the year of the entity divided by the
tertimbang jumlah saham yang beredar selama weighted average number of issued and fully
tahun yang bersangkutan. paid shares outstanding during the year.
Perusahaan tidak mempunyai efek berpotensi The Company has no outstanding potential
saham biasa yang bersifat dilutif pada tanggal dilutive ordinary shares as of December 31,
31 Desember 2025 dan 2024. 2025 and 2024.
50
Page 378
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
w. Penyesuaian standar akuntansi keuangan w. Annual improvements of financial
accounting standards
PSAK 117 PSAK 117
Pada laporan keuangan ini, Perusahaan telah In these financial statements, the Company has
menerapkan PSAK 117 untuk pertama applied PSAK 117, for the first time. The
kalinya. Perusahaan belum menerapkan Company has not early adopted any other
standar, interpretasi, atau amandemen lain standard, interpretation or amendment that has
yang telah diterbitkan tetapi belum berlaku been issued but is not yet effective.
sejak awal.
PSAK 117 menggantikan PSAK 104 Kontrak PSAK 117 replaces PSAK 104 Insurance
Asuransi untuk periode tahunan yang dimulai Contracts for annual periods beginning on or
pada atau setelah 1 Januari 2025. after 1 January 2025. The Company has
Perusahaan telah menyajikan kembali restated comparative information for 2024
informasi komparatif untuk tahun 2024 applying the transitional provisions in Notes 34
dengan menerapkan ketentuan transisi dalam (financial statements restatement) to PSAK
Catatan 34 (catatan penyajian kembali 117. The nature of the changes in accounting
laporan keuangan) pada PSAK 117. Sifat policies can be summarised, as follows:
perubahan kebijakan akuntansi dapat
diringkas sebagai berikut:
Perubahan pada klasifikasi, pengukuran Changes to classification, measurement
Penerapan PSAK 117 tidak mengubah The adoption of PSAK 117 did not change the
klasifikasi kontrak asuransi Perusahaan. classification of the Company’s insurance
Sebelumnya, berdasarkan PSAK 104, contracts. The Company was previously
Perusahaan diizinkan untuk melanjutkan permitted under PSAK 104 to continue
pembukuan menggunakan kebijakan accounting using its previous accounting
akuntansi sebelumnya. Namun, PSAK 117 policies. However, PSAK 117 establishes
menetapkan prinsip-prinsip khusus untuk specific principles for the recognition and
pengakuan dan pengukuran kontrak asuransi measurement of insurance contracts issued
yang diterbitkan dan kontrak reasuransi yang and reinsurance contracts held by the
dimiliki oleh Perusahaan. Company.
Prinsip-prinsip utama PSAK 117 adalah The key principles of PSAK 117 are that the
bahwa Perusahaan: Company:
Mengidentifikasi kontrak asuransi Identifies insurance contracts as those
sebagai kontrak di mana Perusahaan under which the Company accepts
menerima risiko asuransi yang signifikan significant insurance risk from another
dari pihak lain (pemegang polis) dengan party (the policyholder) by agreeing to
menyetujui untuk memberikan compensate the policyholder if a specified
kompensasi kepada pemegang polis jika uncertain future event (the insured event)
suatu peristiwa masa depan yang tidak adversely affects the policyholder,
pasti (peristiwa yang diasuransikan)
berdampak buruk terhadap pemegang
polis,
Memisahkan spesfik derivatif yang Separates specified embedded
tertanam, komponen investasi yang derivatives, distinct investment
berbeda, dan barang atau jasa yang components and distinct goods or services
berbeda selain layanan kontrak asuransi other than insurance contract services
dari kontrak asuransi dan mencatatnya from insurance contracts and accounts for
sesuai dengan standar lain,, them in accordance with other standards,
Membagi kontrak asuransi dan Divides the insurance and reinsurance
reasuransi ke dalam kelompok yang akan contracts into groups it will recognise and
diakui dan diukur, measure,
51
Page 379
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
w. Penyesuaian standar akuntansi keuangan w. Annual improvements of financial
(lanjutan) accounting standards (continued)
PSAK 117 (lanjutan) PSAK 117 (continued)
Perubahan pada klasifikasi, pengukuran Changes to classification, measurement
(lanjutan) (continued)
Prinsip-prinsip utama PSAK 117 adalah The key principles of PSAK 117 are that the
bahwa Perusahaan: (lanjutan) Company: (continued)
Mengakui dan mengukur kelompok Recognises and measures groups of
kontrak asuransi pada: insurance contracts at:
1. Nilai kini yang disesuaikan dengan 1. A risk-adjusted present value of the
risiko dari arus kas masa depan future cash flows (the fulfilment cash
(arus kas pemenuhan) yang flows) that incorporates all available
menggabungkan semua informasi information about the fulfilment cash
yang tersedia tentang arus kas flows in a way that is consistent with
pemenuhan dengan cara yang observable market information.
konsisten dengan informasi pasar
yang dapat diamati.
Ditambah Plus
2. Jumlah yang mewakili laba yang 2. An amount representing the unearned
belum diperoleh dalam kelompok profit in the group of contracts (the
kontrak (margin layanan kontraktual contractual service margin or CSM).
atau CSM).
Mengakui laba dari sekelompok kontrak Recognises profit from a group of
asuransi selama setiap periode insurance contracts over each period the
Perusahaan menyediakan layanan Company provides insurance contract
kontrak asuransi, seiring Perusahaan services, as the Company is released from
terbebas dari risiko. Jika sekelompok risk. If a group of contracts is expected to
kontrak diperkirakan akan merugikan be onerous (i.e., loss-making) over the
(yaitu, menghasilkan kerugian) selama remaining coverage period, the Company
periode pertanggungan yang tersisa, recognises the loss immediately.
Perusahaan mengakui kerugian tersebut
segera.
Mengakui aset untuk arus kas akuisisi Recognises an asset for insurance
asuransi sehubungan dengan arus kas acquisition cash flows in respect of
akuisisi yang dibayarkan, atau acquisition cash flows paid, or incurred,
dikeluarkan, sebelum kelompok kontrak before the related group of insurance
asuransi terkait diakui. Aset tersebut contracts is recognised. Such an asset is
dihentikan pengakuannya ketika arus kas derecognised when the insurance
akuisisi asuransi dimasukkan dalam acquisition cash flows are included in the
pengukuran kelompok kontrak asuransi measurement of the related group of
terkait. insurance contracts.
Perubahan pada penyajian dan Changes to presentation and disclosure
pengungkapan
Untuk penyajian dalam laporan posisi For presentation in the statement of financial
keuangan, Perseroan menggabungkan position, the Company aggregates portfolios of
portofolio kontrak asuransi dan reasuransi insurance and reinsurance contracts issued
yang diterbitkan dan kontrak reasuransi yang and reinsurance contracts held and presents
dimiliki dan menyajikannya secara terpisah: separately:
Portofolio kontrak asuransi dan Portfolios of insurance and reinsurance
reasuransi yang diterbitkan yang contracts issued that are assets,
merupakan aset,
Portofolio kontrak reasuransi yang dimiliki Portfolios of reinsurance contracts held
yang merupakan aset, that are assets,
Portofolio kontrak asuransi dan Portfolios of insurance contracts and
reasuransi yang diterbitkan yang reinsurance contracts issued that are
merupakan kewajiban, liabilities,
Portofolio kontrak reasuransi yang dimiliki Portfolios of reinsurance contracts held
yang merupakan kewajiban. that are liabilities.
52
Page 380
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
w. Penyesuaian standar akuntansi keuangan w. Annual improvements of financial
(lanjutan) accounting standards (continued)
PSAK 117 (lanjutan) PSAK 117 (continued)
Perubahan pada penyajian dan Changes to presentation and disclosure
pengungkapan (lanjutan) (continued)
Portofolio yang disebutkan di atas adalah The portfolios referred to above are those
portofolio yang dibentuk pada saat established at initial recognition in accordance
pengakuan awal sesuai dengan persyaratan with the PSAK 117 requirements.
PSAK 117.
Deskripsi pos-pos dalam laporan laba rugi dan The line item descriptions in the statement of
pendapatan komprehensif lainnya telah profit or loss and other comprehensive income
berubah secara signifikan dibandingkan tahun have been changed significantly compared with
lalu. Sebelumnya, Perusahaan melaporkan last year. Previously the Company reported the
pos-pos berikut: following line items:
Pendapatan premi, Premium income,
Klaim dan manfaat pemegang polis,. Policyholder claims and benefits,
• Perubahan kewajiban kontrak asuransi. Change in insurance contract liabilities.
Sebaliknya, PSAK 117 mensyaratkan Instead, PSAK 117 requires separate
penyajian terpisah untuk: presentation of:
• Pendapatan asuransi, Insurance revenue,
• Beban jasa asuransi, Insurance service expense,
• Pendapatan atau beban keuangan Insurance finance income or expenses,
asuransi, Income or expenses from reinsurance
• Pendapatan atau beban dari kontrak contracts held.
reasuransi yang dimiliki.
Perusahaan menyediakan informasi kualitatif The Company provides disaggregated
dan kuantitatif yang terperinci dalam catatan qualitative and quantitative information in the
atas laporan keuangan mengenai: notes to the financial statements about:
• Jumlah yang diakui dalam laporan Amounts recognised in its financial
keuangannya dari kontrak asuransi, statements from insurance contracts,
• Pertimbangan signifikan, dan perubahan Significant judgements, and changes in
dalam pertimbangan tersebut, ketika those judgements, when applying the
menerapkan standar. standard.
Transisi Transition
Pada tanggal transisi, 1 Januari 2024, On transition date, 1 January 2024, the
Perusahaan: Company:
• Telah mengidentifikasi, mengakui, dan Has identified, recognised and measured
mengukur setiap kelompok kontrak each group of insurance contracts as if
asuransi seolah-olah PSAK 117 selalu PSAK 117 had always applied (unless
berlaku (kecuali jika tidak praktis), impracticable),
• Telah mengidentifikasi, mengakui, dan Has identified, recognised and measured
mengukur aset untuk arus kas akuisisi assets for insurance acquisition cash flows
asuransi seolah-olah PSAK 117 selalu as if PSAK 117 had always applied.
berlaku. Namun, tidak ada penilaian However, no recoverability assessment
pemulihan yang dilakukan sebelum was performed before the transition date.
tanggal transisi. Pada tanggal transisi, At transition date, a recoverability
penilaian pemulihan dilakukan dan tidak assessment was performed and no
ada kerugian penurunan nilai yang impairment loss was identified,
teridentifikasi,
• Menghapus pengakuan saldo yang ada Derecognised any existing balances that
yang tidak akan ada jika PSAK 117 selalu would not exist had PSAK 117 always
berlaku, applied,
• Mengakui setiap selisih bersih ekuitas Recognised any resulting net difference in
yang dihasilkan. equity.
53
Page 381
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan mengharuskan The preparation of the financial statements requires
manajemen untuk membuat pertimbangan, estimasi management to make judgments, estimates and
dan asumsi yang memengaruhi jumlah yang assumptions that affect the reported amounts of
dilaporkan dari pendapatan, beban, aset dan revenues, expenses, assets and liabilities, and the
liabilitas, dan pengungkapan atas liabilitas disclosure of contingent liabilities, at the end of the
kontinjensi, pada akhir periode pelaporan. reporting period. Uncertainty about these
Ketidakpastian mengenai asumsi dan estimasi assumptions and estimates could result in outcomes
tersebut dapat mengakibatkan penyesuaian that require a material adjustment to the carrying
material terhadap nilai tercatat aset dan liabilitas amount of the asset and liability affected in future
dalam periode pelaporan berikutnya. periods.
a. Pertimbangan a. Judgments
Pertimbangan berikut ini dibuat oleh The following judgments are made by
manajemen dalam rangka penerapan kebijakan management in the process of applying the
akuntansi yang memiliki pengaruh paling accounting policies that have the most
signifikan atas jumlah yang diakui dalam significant effects on the amounts recognized in
laporan keuangan: the financial statements:
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and financial
liabilities
Perusahaan menetapkan klasifikasi atas aset The Company determines the classifications of
dan liabilitas tertentu sebagai aset keuangan certain assets and liabilities as financial assets
dan liabilitas keuangan dengan and financial liabilities by judging if they meet
mempertimbangkan bila definisi yang the definition set forth in PSAK No. 109.
ditetapkan PSAK No. 109 dipenuhi. Dengan Accordingly, the financial assets and financial
demikian, aset keuangan dan liabilitas liabilities are accounted for in accordance with
keuangan diakui sesuai dengan kebijakan the Company’s accounting policies disclosed in
akuntansi Perusahaan seperti diungkapkan Note 2n.
pada Catatan 2n.
Klasifikasi produk Product classification
Perusahaan menelaah klasifikasi produk pada The Company reviews the product
tanggal awal. Pertimbangan manajemen classification at inception date. Management’s
digunakan dalam penentuan klasifikasi antara judgment is applied during determination of
kontrak asuransi dan kontrak investasi. classification between insurance contract and
investment contract.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, all of the
seluruh produk Perusahaan dikategorikan Company’s products qualify as insurance
sebagai kontrak asuransi. contracts.
Pajak penghasilan Income tax
Ketidakpastian atas interpretasi dari peraturan Uncertainties exist with respect to the
pajak yang kompleks, perubahan peraturan interpretation of complex tax regulations,
pajak dan jumlah dan timbulnya penghasilan changes in tax laws, and the amount and timing
kena pajak di masa depan, dapat menyebabkan of future taxable income, could necessitate
penyesuaian di masa depan atas penghasilan future adjustments to tax income and expense
dan beban pajak yang telah dicatat. already recorded.
Pertimbangan signifikan dilakukan dalam Significant judgment are involved in
menentukan provisi atas pajak penghasilan determining the provision for corporate income
badan. Terdapat transaksi dan perhitungan tax. There are certain transactions and
tertentu yang penentuan pajak akhirnya adalah computation for which the ultimate tax
tidak pasti sepanjang kegiatan usaha normal. determination is uncertain during the ordinary
Perusahaan mengakui liabilitas atas pajak course of business. The Company recognizes
penghasilan badan berdasarkan estimasi liabilities for expected corporate income tax
apakah akan terdapat tambahan pajak issues based on estimates of whether
penghasilan badan. additional corporate income tax will be due.
54
Page 382
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
a. Pertimbangan (lanjutan) a. Judgments (continued)
Penentuan mata uang fungsional Determination of functional currency
Mata uang fungsional dari Perusahaan adalah The functional currency of the Company is the
mata uang dari lingkungan ekonomi primer currency of the primary economic environment
dimana entitas beroperasi. Mata uang tersebut in which each entity operates. It is the currency
adalah mata uang yang memengaruhi that mainly influences the revenue and cost of
pendapatan dan beban dari jasa yang rendering services. Based on the economic
diberikan. Berdasarkan substansi ekonomi dari substance of the underlying circumstances
keadaan mendasar yang relevan terhadap relevant to the Company, the functional
Perusahaan, mata uang fungsional ditetapkan currency has been determined to be Rupiah.
adalah Rupiah.
Sewa Leases
Menentukan jangka waktu kontrak dengan opsi Determining the lease term of contracts with
perpanjangan dan penghentian - Perusahaan renewal and termination options - Company as
sebagai lessee. lessee.
Perusahaan menentukan jangka waktu sewa The Company determines the lease term as the
sebagai jangka waktu sewa yang tidak dapat non-cancellable term of the lease, together with
dibatalkan, bersama dengan periode yang any periods covered by an option to extend the
dicakup oleh opsi untuk memperpanjang masa lease if it is reasonably certain to be exercised,
sewa jika dipastikan akan dilaksanakan, atau or any periods covered by an option to
periode yang dicakup oleh opsi untuk terminate the lease, if it is reasonably certain
menghentikan masa sewa, jika cukup masuk not to be exercised. The Company has several
akal untuk tidak dilakukan. Perusahaan lease contracts that include extension and
memiliki beberapa kontrak sewa yang termination options. The Company applies
mencakup opsi perpanjangan dan judgement in evaluating whether it is
penghentian. Perusahaan menerapkan reasonably certain whether or not to exercise
pertimbangan dalam mengevaluasi apakah the option to renew or terminate the lease.
akan menggunakan opsi untuk memperbarui That is, it considers all relevant factors that
atau menghentikan sewa, mempertimbangkan create an economic incentive for it to exercise
semua faktor relevan yang menciptakan either the renewal or termination. After
insentif ekonomi untuk melakukan the commencement date, the Company
perpanjangan atau penghentian. Setelah reassesses the lease term if there is
tanggal dimulainya sewa, Perusahaan menilai a significant event or change in circumstances
kembali masa sewa jika ada peristiwa atau that is within its control and affects its ability to
perubahan signifikan dalam kendali yang exercise or not to exercise the option to renew
memengaruhi kemampuan untuk melakukan or to terminate.
atau tidak opsi perpanjangan atau
penghentian.
55
Page 383
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
a. Pertimbangan (lanjutan) a. Judgments (continued)
Sewa (lanjutan) Leases (continued)
Estimasi suku bunga pinjaman inkremental Estimating the incremental borrowing rate
Perusahaan tidak dapat menentukan secara The Company cannot readily determine the
langsung tingkat bunga implisit dalam sewa, interest rate implicit in the lease, therefore, it
oleh karena itu, Perusahaan menggunakan uses its incremental borrowing rate (IBR) to
suku bunga inkremental (IBR) untuk mengukur measure lease liabilities. The IBR is the rate of
liabilitas sewa. IBR adalah tingkat bunga yang interest that the Company would have
harus dibayar oleh Perusahaan untuk to pay to borrow over a similar term, and with a
meminjam, dengan jangka waktu serta jaminan similar security, the funds necessary to obtain
serupa, dana yang diperlukan untuk an asset of a similar value to the right-of-use
memperoleh aset dengan nilai yang serupa asset in a similar economic environment. The
dengan nilai aset hak-guna dalam lingkungan IBR therefore reflects what the Company
ekonomi yang serupa. Oleh karena itu IBR ‘would have to pay’, which requires estimation
mencerminkan apa yang ‘harus dibayar’ oleh when no observable rates are available or
Perusahaan, dimana diperlukan suatu estimasi when they need to be adjusted to reflect the
ketika tingkat bunga yang dapat diobservasi terms and conditions of the lease. The
tidak tersedia atau ketika tingkat bunga Company estimates the IBR using observable
tersebut perlu disesuaikan untuk inputs when available and is required to make
mencerminkan syarat dan ketentuan sewa. certain entity-specific estimates.
Perusahaan mengestimasi IBR menggunakan
input yang dapat diamati jika tersedia dan
diharuskan untuk membuat estimasi spesifik
entitas tertentu.
Kontinjensi Contingencies
Perusahaan sedang terlibat dalam beberapa The management of the Company are currently
proses tuntutan hukum. Perkiraan biaya involved in legal proceedings. The estimates of
kemungkinan bagi penyelesaian klaim telah the probable cost for the settlement of claims
dikembangkan melalui konsultasi dengan have been developed through consultation with
bantuan konsultan hukum Perusahaan the aid of the legal consultant of the Company
didasarkan pada analisis hasil yang potensial. and are based on the analysis of potential
Manajemen Perusahaan tidak berkeyakinan results. The Company’ management does not
bahwa hasil dari hal ini akan mempengaruhi believe that the outcome of this matter will
hasil usaha. Namun, ada kemungkinan bahwa affect the results of operations. It is probable,
hasil operasi di masa mendatang dapat however, that future results of operations could
dipengaruhi secara material oleh perubahan be materially affected by changes in the
estimasi atau efektivitas strategi yang terkait estimates or effectiveness of the strategies
dengan proses ini. related to these proceedings.
b. Estimasi dan asumsi b. Estimates and assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
estimasi ketidakpastian lain pada tanggal other key sources of estimation uncertainty at
pelaporan yang memiliki risiko signifikan bagi the reporting date that have a significant risk of
penyesuaian yang material terhadap nilai causing a material adjustment to the carrying
tercatat aset dan liabilitas untuk tahun amounts of assets and liabilities within the next
keuangan berikutnya, diungkapkan di bawah financial year are disclosed below. The
ini. Perusahaan mendasarkan asumsi dan Company based its assumptions and estimates
estimasi pada parameter yang tersedia pada on parameters available when the financial
saat laporan keuangan disusun. Asumsi dan statements were prepared. Existing
situasi mengenai perkembangan masa depan, circumstances and assumptions about future
mungkin berubah akibat perubahan pasar atau developments may change due to market
situasi di luar kendali Perusahaan. Perubahan changes or circumstances arising beyond the
tersebut dicerminkan dalam asumsi terkait control of the Company. Such changes are
pada saat terjadinya. reflected in the assumptions when they occur.
56
Page 384
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
Penyisihan kerugian penurunan nilai Allowance for impairment losses
Perusahaan menetapkan estimasi penyisihan The Company estimates impairment allowance
penurunan nilai piutang premi menggunakan for premium receivables using simplified
pendekatan yang disederhanakan dari KKE. approach of ECL. A provision matrix is used to
Matriks provisi digunakan untuk menghitung determine ECL for premium and other
KKE untuk piutang premi dan lain-lain. Tarif receivables, where the provision rates are
provisi didasarkan pada hari tunggakan untuk based on days past due for groupings of various
pengelompokan berbagai segmen pelanggan customer segments that have similar loss
yang memiliki pola kerugian serupa. patterns.
Matriks provisi awalnya didasarkan pada The provision matrix is initially based on the
riwayat tingkat kerugian pemegang polis. customers historical observed loss rates. The
Perusahaan akan melakukan penyesuaian Company will adjust the historical observed loss
pengalaman kerugian historis dengan informasi experience with forward-looking information.
berwawasan ke depan. Misalnya, jika prakiraan For instance, if forecast economic conditions
kondisi ekonomi yang terkait erat dengan closely related to the historical observed loss
riwayat tingkat kerugian diperkirakan akan are expected to deteriorate over the next year
memburuk pada tahun berikutnya yang dapat which can lead to an increased number of
menyebabkan peningkatan jumlah gagal bayar defaults in the sectors where customers are
pada sektor-sektor pelanggan beroperasi, operating, the historical losses are adjusted
riwayat tingkat kerugian disesuaikan. Pada accordingly. At every reporting date, the
setiap tanggal pelaporan, riwayat tingkat gagal historical observed loss rates are updated and
bayar yang diamati diperbarui dan perubahan changes in the forward-looking estimates are
dalam estimasi berwawasan ke depan analyzed.
dianalisis.
Evaluasi atas korelasi antara tingkat gagal The assessment of the correlation between
bayar yang diamati secara historis, prakiraan historical observed loss rates, forecast
kondisi ekonomi dan KKE, adalah estmasi economic conditions and ECLs, is a significant
signifikan. Jumlah KKE sensitif terhadap estimate. The amount of ECLs is sensitive to
perubahan keadaan dan prakiraan kondisi changes in circumstances and of forecast
ekonomi. Kerugian kredit historis Perusahaan economic conditions. The Company’s historical
dan perkiraan kondisi ekonomi mungkin tidak observed loss rate and forecast of economic
mewakili tingkat gagal bayar pelanggan aktual conditions may not be representative of
di masa depan. customer’s actual default in the future.
Penyusutan aset tetap Depreciation of fixed assets
Biaya perolehan aset tetap disusutkan dengan The costs of fixed assets are depreciated on a
menggunakan metode garis lurus berdasarkan straight-line method over their estimated useful
estimasi masa manfaat ekonomisnya. lives. Management estimates the useful lives of
Manajemen mengestimasi masa manfaat these fixed assets to be within 4 to 20 years.
ekonomis aset tetap antara 4 sampai dengan These are common life expectancies applied in
20 tahun. Ini adalah umur yang secara umum the industries where the Company conducts its
diharapkan dalam industri di mana Perusahaan businesses. Changes in the expected level of
menjalankan bisnisnya. Perubahan tingkat usage and technological development could
pemakaian dan perkembangan teknologi dapat impact the economic useful lives and the
memengaruhi masa manfaat ekonomis dan residual values of these assets, and therefore
nilai sisa aset, dan karenanya beban future depreciation charges could be revised.
penyusutan masa depan mungkin direvisi. Further details are disclosed in Note 9.
Penjelasan lebih rinci diungkapkan dalam
Catatan 9.
57
Page 385
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
Revaluasi aset tetap - Tanah dan Bangunan Revaluation of fixed assets - Land and Buildings
Perusahaan mengukur tanah dan bangunan The Company measures the land and buildings
dengan nilai revaluasi dan perubahan nilai at revalued amounts, with changes in fair value
wajar diakui di penghasilan komprehensif lain. being recognized in other comprehensive
Tanah dan bangunan dinilai dengan mengacu income. The land and buildings were valued by
pada transaksi yang melibatkan properti reference to transactions involving properties of
dengan sifat, lokasi dan kondisi yang serupa. a similar nature, location and condition. The
Perusahaan memiliki perikatan dengan penilai Company engaged an independent valuation
independen untuk menilai nilai wajar pada specialist to assess fair values as of December
tanggal 31 Desember 2024 untuk tanah dan 31, 2024. The key assumptions used to
bangunan. Asumsi utama yang digunakan determine the fair values of the land and
untuk menentukan nilai wajar tanah dan buildings are disclosed in Note 9.
bangunan diungkapkan pada Catatan 9.
Pensiun dan imbalan kerja Pension and employee benefits
Penentuan liabilitas dan beban pensiun dan The determination of the Company’s
liabilitas imbalan kerja Perusahaan bergantung obligations and cost for pension and employee
pada pemilihan asumsi yang digunakan oleh benefits liabilities is dependent on its selection
aktuaris independen dalam menghitung jumlah- of certain assumptions used by the
jumlah tersebut. Asumsi tersebut termasuk independent actuaries in calculating such
antara lain, tingkat pengembalian jangka amounts. Those assumptions include among
panjang yang diharapkan atas aset program, others, the expected long-term rate of return on
tingkat diskonto, tingkat kenaikan gaji tahunan, the relevant plan assets, discount rates, future
tingkat pengunduran diri karyawan tahunan, annual salary increase, annual employee turn-
tingkat kecacatan, umur pensiun dan tingkat over rate, disability rate, retirement age and
kematian. Karena kerumitan penilaian, asumsi mortality rate. Due to the complexity of the
yang mendasari dan sifat jangka panjangnya, valuation, the underlying assumptions and its
penyisihan imbalan kerja sangat sensitif long-term nature, a defined benefit obligation is
terhadap perubahan asumsi-asumsi tersebut. highly sensitive to changes in these
assumptions.
Asumsi tingkat pengembalian yang diharapkan The expected return on plan assets assumption
atas aset program ditentukan secara seragam, is determined on a uniform basis, taking into
dengan mempertimbangkan pengembalian consideration long-term historical returns, asset
historis jangka panjang, alokasi aset dan allocation and future estimates of long-term
perkiraan masa depan atas pengembalian investment returns.
investasi jangka panjang.
Seluruh asumsi ditelaah setiap akhir tahun All assumptions are reviewed at financial year-
pelaporan. Sementara Perusahaan end. While the Company believes that its
berkeyakinan bahwa asumsi tersebut adalah assumptions are reasonable and appropriate,
wajar dan sesuai, perbedaan signifikan pada significant differences in the Company’s actual
hasil aktual atau perubahan signifikan dalam experiences or significant changes in the
asumsi yang ditetapkan Perusahaan dapat Company’s assumptions may materially affect
memengaruhi secara material liabilitas its estimated liabilities for pension and
diestimasi atas pensiun dan imbalan kerja dan employee benefits and net employee benefits
beban imbalan kerja neto. Penjelasan lebih rinci expense. Further details are disclosed in
diungkapkan dalam Catatan 17. Note 17.
58
Page 386
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
Kontrak asuransi dan reasuransi Insurance and reinsurance contracts
Perusahaan utamanya menggunakan The Company primarily uses deterministic
proyeksi deterministik untuk memperkirakan projections to estimate the present value of
nilai sekarang dari arus kas masa depan dan future cash flows and for some groups it uses
untuk beberapa kelompok menggunakan stochastic modelling techniques. A stochastic
teknik pemodelan stokastik. Model stokastik model is a tool for estimating probability
adalah alat untuk memperkirakan distribusi distributions of potential outcomes by allowing
probabilitas hasil potensial dengan for random variation in one or more inputs over
memungkinkan variasi acak dalam satu atau time. The random variation is usually based on
lebih input dari waktu ke waktu. Variasi acak fluctuations observed in historical data for a
biasanya didasarkan pada fluktuasi yang selected period using standard time-series
diamati dalam data historis untuk periode techniques. The following assumptions were
yang dipilih menggunakan teknik deret waktu used when estimating future cash flows.
standar. Asumsi berikut digunakan saat
memperkirakan arus kas masa depan.
Tingkat mortalitas dan morbiditas Mortality and morbidity rates
Asumsi didasarkan pada tabel standar industri Assumptions are based on standard industry
dan nasional, sesuai dengan jenis kontrak and national tables, according to the type of
yang dibuat dan wilayah tempat tinggal contract written and the territory in which the
tertanggung. Asumsi tersebut mencerminkan insured person resides. They reflect recent
pengalaman historis terkini dan disesuaikan historical experience and are adjusted when
bila perlu untuk mencerminkan pengalaman appropriate to reflect the Company’s own
Perusahaan sendiri. Penyesuaian yang wajar, experiences. An appropriate, but not excessive,
tetapi tidak berlebihan, dilakukan untuk allowance is made for expected future
mengantisipasi peningkatan di masa improvements. Assumptions are differentiated
mendatang. Asumsi dibedakan berdasarkan by policyholder gender, underwriting class and
jenis kelamin pemegang polis, kelas contract type.
penjaminan, dan jenis kontrak.
Peningkatan angka kematian dan kesakitan An increase in expected mortality and morbidity
yang diharapkan akan meningkatkan biaya rates will increase the expected claim cost
klaim yang diharapkan, yang akan which will reduce future expected profits of the
mengurangi keuntungan Perusahaan di masa Company.
mendatang.
Harapan hidup Longevity
Asumsi didasarkan pada tabel standar industri Assumptions are based on standard industry
dan nasional, disesuaikan bila perlu untuk and national tables, adjusted when appropriate
mencerminkan pengalaman risiko to reflect the Company’s own risk experience.
Perusahaan sendiri. Cadangan yang sesuai, An appropriate, but not excessive, allowance is
tetapi tidak berlebihan, diberikan untuk made for expected future improvements.
perbaikan yang diharapkan di masa Assumptions are differentiated by a number of
mendatang. Asumsi dibedakan berdasarkan factors including (but not limited to) policyholder
sejumlah faktor termasuk (tetapi tidak terbatas gender, underwriting class and contract type.
pada) jenis kelamin pemegang polis, kelas
penjaminan, dan jenis kontrak.
Peningkatan tingkat harapan hidup akan An increase in expected longevity rates will lead
menyebabkan peningkatan biaya to an increase in expected cost of immediate
pembayaran anuitas langsung yang annuity payments which will reduce future
diharapkan, yang akan mengurangi expected profits of the Company.
keuntungan Perusahaan di masa mendatang.
59
Page 387
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
Beban Expenses
Asumsi biaya operasional mencerminkan Operating expenses assumptions reflect the
proyeksi biaya pemeliharaan dan pelayanan projected costs of maintaining and servicing in–
polis yang berlaku serta biaya overhead force policies and associated overhead
terkait. Tingkat pengeluaran saat ini dianggap expenses. The current level of expenses is
sebagai dasar pengeluaran yang tepat, taken as an appropriate expense base,
disesuaikan dengan inflasi pengeluaran yang adjusted for expected expense inflation if
diharapkan jika sesuai. appropriate.
Peningkatan tingkat pengeluaran yang An increase in the expected level of expenses
diharapkan akan mengurangi laba yang will reduce future expected profits of the
diharapkan di masa mendatang bagi Company.
Perusahaan.
Arus kas dalam batas kontrak mencakup The cash flows within the contract boundary
alokasi biaya overhead tetap dan variabel include an allocation of fixed and variable
yang secara langsung terkait dengan overheads directly attributable to fulfilling
pemenuhan kontrak asuransi. Biaya overhead insurance contracts. Such overheads are
tersebut dialokasikan ke kelompok kontrak allocated to groups of contracts using methods
menggunakan metode yang sistematis dan that are systematic and rational, and are
rasional, dan diterapkan secara konsisten consistently applied to all costs that have
pada semua biaya yang memiliki karakteristik similar characteristics.
serupa.
Tingkat pembatalan dan penyerahan Lapse and surrender rates
Pembatalan polis berkaitan dengan Lapses relate to the termination of policies due
penghentian polis karena tidak membayar to non–payment of premiums. Surrenders
premi. Penghentian polis secara sukarela relate to the voluntary termination of policies by
berkaitan dengan penghentian polis oleh policyholders. Policy termination assumptions
pemegang polis. Asumsi penghentian polis are determined using statistical measures
ditentukan menggunakan ukuran statistik based on the Company’s experience and vary
berdasarkan pengalaman Perusahaan dan by product type, policy duration and sales
bervariasi menurut jenis produk, durasi polis, trends.
dan tren penjualan.
Peningkatan tingkat pembatalan polis di awal An increase in lapse rates early in the life of the
masa berlaku polis cenderung mengurangi policy would tend to reduce profits of the
keuntungan Perusahaan, tetapi peningkatan Company, but later increases are broadly
di kemudian hari umumnya bersifat netral. neutral in effect.
Nilai wajar instrumen keuangan Fair value of financial instruments
Perusahaan mencatat aset dan liabilitas The Company carries certain financial assets
keuangan tertentu pada nilai wajar, yang and liabilities at fair values, which require the
mengharuskan penggunaan estimasi use of accounting estimates. While significant
akuntansi. Sementara komponen signifikan components of fair value measurement were
atas pengukuran nilai wajar ditentukan determined using verifiable objective
menggunakan bukti obyektif yang dapat evidences, the amount of changes in fair values
diverifikasi, jumlah perubahan nilai wajar dapat would differ if the Company utilized different
berbeda bila Perusahaan menggunakan valuation methodology. Any changes in fair
metodologi penilaian yang berbeda. Perubahan values of these financial assets and liabilities
nilai wajar aset dan liabilitas keuangan tersebut would affect directly the Company’s profit or
dapat memengaruhi secara langsung laba rugi loss or other comprehensive income. Further
atau penghasilan komprehensif lain details are disclosed in Note 26.
Perusahaan. Penjelasan lebih rinci The Company’s accounting policy on fair value
diungkapkan dalam Catatan 26. Kebijakan measurements is discussed in Note 2d.
akuntansi Perusahaan atas pengukuran nilai
wajar dijelaskan dalam Catatan 2d.
60
Page 388
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
b. Estimasi dan asumsi (lanjutan) b. Estimates and assumptions (continued)
Penurunan nilai aset non-keuangan Impairment of non-financial assets
Suatu penurunan nilai dapat terjadi pada saat An impairment exists when the carrying value
nilai tercatat aset melebihi jumlah of an asset exceeds its recoverable amount,
terpulihkannya, yaitu yang lebih tinggi dari nilai which is the higher of its fair value less costs to
wajar dikurangi biaya untuk menjual dan nilai sell and its value in use. The fair value less
pakainya. Perhitungan nilai wajar dikurangi costs to sell calculation is based on available
biaya untuk menjual berdasarkan atas data data from binding sales transactions in an arm’s
yang tersedia dari transaksi penjualan yang length transaction of similar assets or
mengikat dalam transaksi aset yang serupa observable market prices less incremental
atau harga pasar yang dapat diobservasi costs for disposing the asset. In assessing the
dikurangi biaya tambahan untuk melepas aset. value in use, the estimated net future cash flows
Dalam menilai nilai pakai, estimasi neto atas are discounted to their present value using
arus kas masa depan didiskontokan ke nilai kini a pre-tax discount rate that reflects current
menggunakan tingkat diskonto sebelum pajak market assessments of the time value of money
yang mencerminkan penilaian pasar saat ini and the risks specific to the asset.
atas nilai waktu dari uang dan risiko tertentu
terhadap aset.
Dalam menentukan nilai wajar dikurangi biaya In determining fair value less costs to sell,
untuk menjual, transaksi pasar terbaru recent market transactions are taken into
diperhitungkan, jika ada. Jika tidak terdapat account, if available. If no such transactions can
transaksi tersebut yang dapat diidentifikasi, be identified, the Company uses an appropriate
Perusahaan menggunakan model penilaian valuation model to determine the fair value of
yang sesuai untuk menentukan nilai wajar aset. the assets. These calculations are corroborated
Perhitungan ini dikuatkan oleh penilaian by valuation multiples or other available fair
berganda atau indikator nilai wajar lain yang value indicators. The value in use calculation is
tersedia. Perhitungan nilai pakai didasarkan based on a discounted cash flow model. Based
atas model arus kas yang didiskontokan. on the assessment of the Company’s
Berdasarkan penilaian manajemen management, there are no events or changes
Perusahaan, tidak terdapat kejadian atau in circumstances that may indicate impairment
perubahan kondisi yang mengindikasikan in the value of non-financial assets as of
adanya penurunan nilai aset non-keuangan December 31, 2025 and 2024.
pada tanggal 31 Desember 2025 dan 2024.
4. KAS DAN BANK 4. CASH ON HAND AND IN BANKS
Kas dan bank terdiri dari: Cash on hand and in banks consist of:
31 Desember/December 31,
2025 2024
Kas - Rupiah 19 26 Cash on hand - Rupiah
Bank Cash in Banks
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank CIMB Niaga Tbk 475.088 248.562 PT Bank CIMB Niaga Tbk
PT Bank Maybank Indonesia Tbk 39.227 82.772 PT Bank Maybank Indonesia Tbk
PT Bank Negara Indonesia (Persero) Tbk 32.687 51.735 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Central Asia Tbk 16.894 58.890 PT Bank Central Asia Tbk
PT Bank Tabungan Negara (Persero)Tbk 13.125 11.985 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 2.506 3.115 PT Bank Mandiri (Persero) Tbk
PT Bank KB Bukopin Syariah 2.219 2.937 PT Bank KB Bukopin Syariah
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk 1.048 2.073 Jawa Barat dan Banten Tbk
61
Page 389
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN BANK (lanjutan) 4. CASH ON HAND AND IN BANKS (continued)
Kas dan bank terdiri dari: Cash on hand and in banks consist of:
31 Desember/December 31,
2025 2024
Bank (lanjutan) Cash in Banks (continued)
Pihak ketiga (lanjutan) Third parties (continued)
Rupiah (lanjutan) Rupiah (continued)
PT Bank BCA Syariah 781 904 PT Bank BCA Syariah
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Timur Tbk 467 896 Jawa Timur Tbk
PT Bank KB Bukopin Tbk 397 9.207 PT Bank KB Bukopin Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 332 743 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Artha Graha Internasional Tbk 273 67 PT Bank Artha Graha Internasional Tbk
PT Bank Permata Tbk 128 56 PT Bank PermataTbk
PT Bank Mayapada Internasional Tbk 126 68 PT Bank Mayapada Internasional Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Timur Syariah 87 103 Jawa Timur Syariah
PT Bank Tabungan Negara - Unit Syariah 86 1.634 PT Bank Tabungan Negara - Sharia Unit
PT Bank OCBC NISP Tbk 26 42 PT Bank OCBC NISP Tbk
PT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk 16 71 Indonesia Tbk
PT Bank Neo Commerce Tbk 12 - PT Bank Neo Commerce Tbk
PT Bank Danamon Indonesia Tbk 11 544 PT Bank Danamon Indonesia Tbk
PT Bank BTPN Tbk 10 18.954 PT Bank BTPN Tbk
PT Bank UOB Indonesia 7 236 PT Bank UOB Indonesia
Dolar A.S. U.S. Dollar
PT Bank CIMB Niaga Tbk 61.405 41.315 PT Bank CIMB Niaga Tbk
PT Bank Maybank Indonesia Tbk 11.373 30.955 PT Bank Maybank Indonesia Tbk
PT Bank KB Bukopin Tbk 8.829 2.393 PT Bank KB Bukopin Tbk
PT Bank Negara PT Bank Negara
Indonesia (Persero) Tbk 2.621 1.020 Indonesia (Persero) Tbk
PT Bank Tabungan PT Bank Tabungan
Negara (Persero) Tbk 1.093 975 Negara (Persero) Tbk
Sub-total 670.874 572.252 Sub-total
Pihak berelasi (Catatan 25) Related party (Note 25)
PT Bank Sinarmas Tbk PT Bank Sinarmas Tbk
Rupiah 271.840 66.327 Rupiah
Dolar A.S. 50.283 27.374 U.S. Dollar
PT Bank Nano Syariah PT Bank Nano Syariah
Rupiah 11.142 4.640 Rupiah
Sub-total 333.265 98.341 Sub-total
Total kas dan bank 1.004.158 670.619 Total cash on hand and in banks
Penyisihan kerugian penurunan nilai (2.619) (1.743) Allowance for impairment lossses
Neto 1.001.539 668.876 Net
Perubahan nilai tercatat bruto adalah sebagai Movement in the gross carrying amount are as
berikut: follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 670.619 - - 670.619 Balance at beginning of year
Pengukuran kembali neto nilai Net remeasurement of
tercatat 233.351 - - 233.351 carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli 104.398 - - 104.398 or purchased
Aset keuangan yang
dihentikan pengakuannya (4.210) - - (4.210) Derecognized financial assets
Saldo akhir tahun 1.004.158 - - 1.004.158 Balance at ending of year
62
Page 390
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN BANK (lanjutan) 4. CASH ON HAND AND IN BANKS (continued)
Perubahan nilai tercatat bruto adalah sebagai Movement in the gross carrying amount are as
berikut: (lanjutan) follows: (continued)
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 782.551 - - 782.551 Balance at beginning of year
Pengukuran kembali neto nilai Net remeasurement of
tercatat (94.666) - - (94.666) carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli 46.517 - - 46.517 or purchased
Aset keuangan yang
dihentikan pengakuannya (63.783) - - (63.783) Derecognized financial assets
Saldo akhir tahun 670.619 - - 670.619 Balance at ending of year
Perubahan penyisihan kerugian penurunan nilai Movement in the allowance for impairment losses
adalah sebagai berikut: are as follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 1.743 - - 1.743 Balance at beginning of year
Pengukuran kembali Net remeasurement
penyisihan kerugian 876 - - 876 of loss allowance
Saldo akhir tahun 2.619 - - 2.619 Balance at ending of year
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 1.736 - - 1.736 Balance at beginning of year
Pengukuran kembali Net remeasurement
penyisihan kerugian 7 - - 7 of loss allowance
Saldo akhir tahun 1.743 - - 1.743 Balance at ending of year
Perusahaan berpendapat bahwa penyisihan The Company believes that the allowance for
kerugian penurunan nilai yang dibentuk pada impairment losses as of December 31, 2025 and
tanggal 31 Desember 2025 dan 2024 cukup untuk 2024 is adequate to cover possible losses arising
menutup kemungkinan kerugian dari kas dan bank. from uncollectible cash on hand dan cash in banks.
5. INVESTASI 5. INVESTMENTS
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Company’s
investasi Perusahaan terdiri dari: investments consist of the following:
31 Desember/December 31,
2025 2024
Surat berharga diukur pada Securities carried at
nilai wajar melalui penghasilan fair value through other
komprehensif lain 8.611.165 7.848.568 comprehensive income
Surat berharga diukur
pada nilai wajar Securities carried at
melalui laba rugi 4.346.413 3.987.266 fair value through profit of loss
Deposito berjangka - neto 772.209 735.998 Time deposits - net
Surat berharga diukur Securities carried at
pada biaya perolehan
diamortisasi - neto 345.365 344.215 At amortized cost securities - net
Pinjaman hipotik 2.200 2.823 Mortgage loans
Total 14.077.352 12.918.870 Total
Terdapat dalam investasi tersebut, adalah dana Including in the investments are statutory funds.
jaminan.
63
Page 391
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
Dana jaminan merupakan total jaminan yang The statutory funds represent statutory amount
diadministrasikan oleh bank kustodian yang tidak administered by non-affiliated custodian bank in
terafiliasi sesuai dengan Peraturan Otoritas Jasa compliance with the Financial Authority Services
Keuangan Nomor 5 Tahun 2023 tentang Perubahan Regulation Number 5 of 2023 regarding the Second
Kedua Atas Peraturan Otoritas Jasa Keuangan Amendment to Regulation of Financial Authority
No. 71/POJK.05/2016 untuk unit konvensional dan Services No. 71/POJK.05/2016 for conventional
Nomor 6 Tahun 2023 tentang Perubahan Kedua unit and Number 6 of 2023 regarding the Second
Atas Peraturan Otoritas Jasa Keuangan Amendment to Regulation of Financial Authority
No. 72/POJK.05/2016 untuk unit syariah. Sesuai Services No. 72/POJK.05/2016 for sharia unit. In
dengan Peraturan Otoritas Jasa Keuangan tersebut, accordance with the Indonesia Financial Service
dana jaminan dapat ditempatkan dalam bentuk Authority’s Regulation, statutory funds can be
deposito atau surat berharga pemerintah lainnya. placed in the form of statutory time deposits or other
government securities.
a. Dana jaminan a. Statutory funds
Dana jaminan dimiliki Perusahaan dalam The Company’s statutory funds in the form of
bentuk deposito dan obligasi pemerintah, time deposits and government bonds, are as
adalah sebagai berikut: follows:
31 Desember/December 31,
2025 2024
Konvensional Conventional
Obligasi pemerintah Government bonds
Rupiah: Rupiah:
FR0065 165.000 165.000 FR0065
FR0058 100.000 100.000 FR0058
FR0047 55.000 55.000 FR0047
FR0064 40.000 40.000 FR0064
Sub-total 360.000 360.000 Sub-total
Syariah Sharia
Deposito berjangka Time deposits
Rupiah: Rupiah:
PT Bank Panin PT Bank Panin
Dubai Syariah Tbk 20.000 20.000 Dubai Syariah Tbk
Sub-total 20.000 20.000 Sub-total
Total dana jaminan 380.000 380.000 Total statutory funds
Tingkat suku bunga tahunan dana jaminan Range of interest rates per annum on statutory
berkisar antara: funds:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Deposito berjangka 5,50% 6,75% Time deposits
Obligasi pemerintah 6,13%-10,00% 6,13%-10,00% Government bonds
Dana jaminan dalam bentuk obligasi Such statutory fund in the form of government
pemerintah tersebut akan jatuh tempo pada bonds will mature on various dates from
berbagai tanggal antara tanggal 15 Februari February 15, 2028 until May 15, 2033.
2028 sampai dengan tanggal 15 Mei 2033.
64
Page 392
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
b. Deposito berjangka b. Time deposits
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, time
deposito berjangka yang dikategorikan deposits as categorized by counterparties and
berdasarkan counterparties dan mata uang currencies are as follows:
adalah sebagai berikut:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pihak ketiga Third parties
Konvensional Conventional
Rupiah: Rupiah:
PT Bank KB Bukopin Tbk 100.000 50.000 PT Bank KB Bukopin Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 15.000 4.500 (Persero) Tbk
PT Bank Maybank Indonesia Tbk 10.000 10.000 PT Bank Maybank Indonesia Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 2.750 - (Persero) Tbk
PT Bank DKI 2.000 - PT Bank DKI
PT BPR Intidana Sukses Makmur 500 500 PT BPR Intidana Sukses Makmur
PT Bank Capital Indonesia Tbk - 20.000 PT Bank Capital Indonesia Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk - 10.000 Jawa Barat dan Banten Tbk
PT Bank BCA Syariah - 8.500 PT Bank BCA Syariah
Sub-total 130.250 103.500 Sub-total
Dolar A.S: U.S. Dollar:
PT Bank Danamon Indonesia Tbk 8.391 8.081 PT Bank Danamon Indonesia Tbk
Sub-total 8.391 8.081 Sub-total
Sub-total konvensional 138.641 111.581 Sub-total conventional
Pihak ketiga Third parties
Syariah Sharia
Rupiah: Rupiah:
PT Bank Panin Dubai Syariah Tbk 20.000 20.000 PT Bank Panin Dubai Syariah Tbk
PT Bank OCBC NISP Syariah 12.500 12.500 PT Bank OCBC NISP Syariah
PT Bank Permata Syariah 8.000 8.000 PT Bank Permata Syariah
PT Bank Maybank PT Bank Maybank
Syariah Indonesia 2.500 2.500 Syariah Indonesia
PT Bank BCA Syariah 1.100 1.100 PT Bank BCA Syariah
PT Bank KB Bukopin Syariah 1.000 21.000 PT Bank KB Bukopin Syariah
PT Bank BTN Syariah - 500 PT Bank BTN Syariah
Sub-total 45.100 65.600 Sub-total
65
Page 393
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
b. Deposito berjangka (lanjutan) b. Time deposits (continued)
31 Desember/December 31,
2025 2024
Syariah - Wakalah Sharia - Wakalah
Rupiah: Rupiah:
PT Bank Aladin Syariah Tbk 1.450 2.000 PT Bank Aladin Syariah Tbk
PT Bank Riau Kepri Syariah 1.200 6.100 PT Bank Riau Kepri Syariah
PT Bank Mega Syariah Indonesia 1.200 - PT Bank Mega Syariah Indonesia
PT Bank Panin Dubai Syariah Tbk 1.000 - PT Bank Panin Dubai Syariah Tbk
PT Bank CIMB PT Bank CIMB
Niaga Tbk - Unit Syariah 820 - Niaga Tbk - Sharia Unit
PT Bank BCA Syariah 700 - PT Bank BCA Syariah
PT Bank Tabungan Negara PT Bank Tabungan Negara
- Unit Syariah 700 2.100 - Sharia Unit
PT Bank Nagari - 2.200 PT Bank Nagari
PT BPD Sumatera Selatan dan PT BPD Sumatera Selatan dan
Bangka Belitung Syariah - 1.650 Bangka Belitung Syariah
Sub-total 7.070 14.050 Sub-total
Unit link Unit Link
Rupiah: Rupiah:
PT Bank Riau Kepri Syariah 90.000 - PT Bank Riau Kepri Syariah
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk 90.000 - Jawa Barat dan Banten Tbk
PT Bank China Construction PT Bank China Construction
Bank Indonesia Tbk 90.000 - Bank Indonesia Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Sumatera Utara 75.000 - Sumatera Utara
PT Bank Mega Tbk 70.000 16.000 PT Bank Mega Tbk
PT Bank Sahabat Sampoerna 50.000 - PT Bank Sahabat Sampoerna
PT Bank Nagari 50.000 - PT Bank Nagari
PT Bank KB Bukopin Syariah 25.000 - PT Bank KB Bukopin Syariah
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 21.000 166.000 (Persero) Tbk
PT Bank CIMB Niaga Tbk 13.000 38.000 PT Bank CIMB Niaga Tbk
PT Bank Raya Indonesia Tbk 10.000 - PT Bank Raya Indonesia Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk - 102.500 (Persero) Tbk
PT Bank Mandiri Taspen - 100.000 PT Bank Mandiri Taspen
PT Bank KB Bukopin Tbk - 50.000 PT Bank KB Bukopin Tbk
Sub-total 584.000 472.500 Sub-total
Total pihak ketiga 774.811 663.731 Total third parties
Pihak berelasi Related parties
Konvensional Conventional
Rupiah: Rupiah
PT Bank Sinarmas Tbk - 50.000 PT Bank Sinarmas Tbk
PT Bank Nano Syariah - 25.000 PT Bank Nano Syariah
Sub-total - 75.000 Sub-total
Total pihak berelasi - 75.000 Total related parties
Total Deposito Berjangka 774.811 738.731 Total Time Deposits
66
Page 394
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
b. Deposito berjangka (lanjutan) b. Time deposits (continued)
31 Desember/December 31,
2025 2024
Total deposito berjangka 774.811 738.731 Total time deposits
Penyisihan kerugian penurunan nilai (2.602) (2.733) Allowance for impairment lossses
Neto 772.209 735.998 Net
Terdapat penempatan deposito pada pihak Time deposit placement on related party
berelasi sebesar Rp75.000 pada tanggal amounted to Rp75,000 on December 31, 2024
31 Desember 2024 (Catatan 25). (Note 25).
Deposito berjangka tersebut akan jatuh tempo Such time deposits will mature on various
pada berbagai tanggal antara tanggal 1 Januari dates from January 1, 2026 until July 28, 2027.
2026 sampai dengan tanggal 28 Juli 2027.
Tingkat suku bunga per tahun deposito Range of interest rates per annum on time
berjangka berkisar antara: deposits:
31 Desember/December 31,
2025 2024
Pihak ketiga Third parties
Rupiah 3,25%-7,50% 4,25%-7,75% Rupiah
Dolar A.S. 3,50% 4,00% U.S. Dollar
Pihak berelasi Related parties
Rupiah - 5,50%-5,75% Rupiah
Termasuk dalam deposito berjangka di atas Included in time deposit above is statutory fund
adalah dana jaminan unit syariah sebesar for sharia unit amounting to Rp20,000 as of
Rp20.000 masing-masing pada tanggal December 31, 2025 and 2024.
31 Desember 2025 dan 2024.
Perusahaan berpendapat bahwa penyisihan The Company believes that the allowance for
kerugian penurunan nilai yang dibentuk pada impairment losses as of December 31, 2025
tanggal 31 Desember 2025 dan 2024 cukup and 2024 is adequate to cover possible losses
untuk menutup kemungkinan kerugian dari arising from uncollectible investment - time
investasi - deposito berjangka. deposits.
Perubahan nilai tercatat bruto adalah sebagai Movement in the gross carrying amount are as
berikut: follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 738.731 - - 738.731 Balance at beginning of year
Pengukuran kembali bersih Net remeasurement
nilai tercatat - - - - carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli 774.811 - - 774.811 or purchased
Aset keuangan yang dihentikan Derecognized
pengakuannya (738.731) - - (738.731) financial assets
Saldo akhir tahun 774.811 - - 774.811 Balance at ending of year
67
Page 395
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
b. Deposito berjangka (lanjutan) b. Time deposits (continued)
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 1.012.508 - - 1.012.508 Balance at beginning of year
Pengukuran kembali bersih Net remeasurement
nilai tercatat - - - - carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli 738.731 - - 738.731 or purchased
Aset keuangan yang dihentikan Derecognized
pengakuannya (1.012.508) - - (1.012.508) financial assets
Saldo akhir tahun 738.731 - - 738.731 Balance at ending of year
Perubahan penyisihan kerugian penurunan Movement in the allowance for impairment
nilai adalah sebagai berikut: losses are as follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 2.733 - - 2.733 Balance at beginning of year
Pengukuran kembali neto Net remeasurement
penyisihan kerugian (131) - - (131) of loss allowance
Saldo akhir tahun 2.602 - - 2.602 Balance at ending of year
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 1.891 - - 1.891 Balance at beginning of year
Pengukuran kembali neto Net remeasurement
penyisihan kerugian 842 - - 842 of loss allowance
Saldo akhir tahun 2.733 - - 2.733 Balance at ending of year
Perusahaan berpendapat bahwa penyisihan The Company believes that the allowance for
kerugian penurunan nilai yang dibentuk pada impairment losses as of December 31, 2025
tanggal 31 Desember 2025 dan 2024 cukup and 2024 is adequate to cover possible losses
untuk menutup kemungkinan kerugian dari arising from uncollectible investment - time
investasi - deposito berjangka. deposits.
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi or loss
31 Desember/December 31,
2025 2024
Efek saham 1.843.620 2.008.264 Equity securities
Efek utang 1.695.861 1.079.667 Debt securities
Reksa dana 806.932 899.335 Mutual funds
Total 4.346.413 3.987.266 Total
68
Page 396
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(i) Reksa dana (i) Mutual funds
Jumlah Unit/
Number of Participant Unit
(Nilai penuh/Full amount) Nilai Aset Bersih/Net Asset Value
31 Desember 2025/ 31 Desember 2024/ 31 Desember 2025/ 31 Desember 2024/
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak ketiga Third parties
Konvensional Conventional
Reksa dana - Rupiah Mutual funds - Rupiah
Trim Kas 2 Kelas A 35.115.592 - 70.117 - Trim Kas 2 Kelas A
Sucorinvest Money Sucorinvest Money
Market Fund 31.143.251 86.612.040 60.292 158.611 Market Fund
Bahana Likuid Plus 36.877.224 93.148.863 55.513 133.266 Bahana Likuid Plus
Ashmore Dana Pasar Ashmore Dana Pasar
Uang Nusantara 19.533.539 - 25.817 - Uang Nusantara
Allianz Rupiah Likuid Fund 11.709.876 11.709.876 21.734 20.786 Allianz Rupiah Likuid Fund
Bahana Dana Likuid Kelas G 10.794.579 96.551.974 21.101 180.292 Bahana Dana Likuid Kelas G
Syailendra Dana Kas - 92.582.255 - 155.854 Syailendra Dana Kas
Kisi Money Market Fund - 82.501.883 - 106.127 Kisi Money Market Fund
Sub-total 145.174.061 463.106.891 254.574 754.936 Sub-total
Konvensional Conventional
Reksa dana - Dolar A.S Mutual funds - U.S Dollar
ISHRC MSCI WLD ISHRS ISHRC MSCI WLD ISHRS
CORE MSCI WORLD CORE MSCI WORLD
ETF USD (ACC) 65.300 - 143.679 - ETF USD (ACC)
ISH W FACTOR VA ISHS ISH W FACTOR VA ISHS
EDGE MSCI WRL VAL EDGE MSCI WRL VAL
FCT UCITS ETF ACC 60.100 - 60.682 - FCT UCITS ETF ACC
Sub-total 125.400 - 204.361 - Sub-total
Total konvensional 145.299.461 463.106.891 458.935 754.936 Total conventional
Syariah Sharia
Reksa dana - Rupiah Mutual funds - Rupiah
Batavia Dana Kas Batavia Dana Kas
Syariah Kelas B 33.734.058 - 35.744 - Syariah Kelas B
Syailendra Sharia Money Syailendra Sharia Money
Market Fund 13.624.855 - 20.462 - Market Fund
Bahana Likuid Bahana Likuid
Syariah Kelas S 10.760.644 22.161.132 18.678 36.556 Syariah Kelas S
Trimegah Kas Syariah 8.733.992 20.891.940 13.104 29.781 Trimegah Kas Syariah
Ashmore Dana Pasar Ashmore Dana Pasar
Uang Syariah 8.856.696 - 10.411 - Uang Syariah
Sub-total 75.710.245 43.053.072 98.399 66.337 Sub-total
Syariah - Wakalah Sharia - Wakalah
Reksa dana - Rupiah Mutual funds - Rupiah
Trimegah Dana Tetap Trimegah Dana Tetap
Syariah 2 13.431.728 13.787.909 15.282 14.454 Syariah 2
Sub-total 13.431.728 13.787.909 15.282 14.454 Sub-total
Total syariah 89.141.973 56.840.981 113.681 80.791 Total sharia
Unit link Unit link
Reksa dana - Rupiah Mutual funds - Rupiah
Tram Strategic Plus Tram Strategic Plus
Kelas A 47.529.925 - 102.961 - Kelas A
Bahana Likuid Plus 5.884.038 6.580.344 8.858 9.414 Bahana Likuid Plus
Trim Kapital Plus 398.031 510.671 1.971 2.230 Trim Kapital Plus
Trimegah Balanced Trimegah Balanced
Absolute Strategy Absolute Strategy
Kelas A 67.493 83.396 149 147 Kelas A
Sub-total 53.879.487 7.174.411 113.939 11.791 Sub-total
69
Page 397
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(i) Reksa dana (lanjutan) (i) Mutual funds (continued)
Jumlah Unit/
Number of Participant Unit
(Nilai penuh/Full amount) Nilai Aset Bersih/Net Asset Value
31 Desember 2025/ 31 Desember 2024/ 31 Desember 2025/ 31 Desember 2024/
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Unit link Unit link
Reksa dana - Dolar A.S. Mutual funds - U.S. Dollar
Allianz USD Fixed Allianz USD Fixed
Income Fund 5.661.409 1.944.073 103.561 32.730 Income Fund
Bahana USD Fixed Bahana USD Fixed
Income Kelas I 912.751 1.144.033 16.816 19.087 Income Kelas I
Sub-total 6.574.160 3.088.106 120.377 51.817 Sub-total
Total unit link 60.453.647 10.262.517 234.316 63.608 Total unit link
Total pihak ketiga 294.895.081 530.210.389 806.932 899.335 Total third parties
Total Reksa Dana 294.895.081 530.210.389 806.932 899.335 Total Mutual Funds
(ii) Efek utang (ii) Debt securities
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga
Unit link
Rupiah
Obligasi Negara/Government Bonds*)
15 Juli 2035/
FR0103 6,75% July 15, 2035 - - 117.504 27.434
15 Februari 2031/
FR0087 6,50% February 15, 2031 - - 62.109 30.207
15 Februari 2034/
FR0100 6,63% February 15, 2034 - - 50.010 51.319
15 Juli 2030/
FR0104 6,50% July 15, 2030 - - 41.266 14.652
15 Februari 2033/
FR0096 7,00% February 15, 2033 - - 36.701 28.826
15 April 2032/
FR0091 6,38% April 15, 2032 - - 28.703 3.857
15 Juli 2026/
PBS032 4,88% July 15, 2026 - - 20.021 -
15 Mei 2036/
FR0072 8,25% May 15, 2036 - - 18.491 18.452
15 Maret 2031/
FR0109 5,88% March 15, 2031 - - 18.333 -
15 September 2030/
FR0082 7,00% September 15, 2030 - - 16.889 74.643
15 Maret 2034/
FR0068 8,38% March 15, 2034 - - 12.583 19.579
15 April 2029/
FR0101 6,88% April 15, 2029 - - 11.512 17.919
15 Mei 2033/
FR0065 6,63% May 15, 2033 - - 8.249 12.653
15 Juni 2035/
FR0080 7,50% June 15, 2035 - - 5.486 7.217
15 April 2031/
FR0085 7,75% April 15, 2031 - - 5.457 -
15 Agustus 2040/
FR0106 7,13% August 15, 2040 - - 5.375 -
15 April 2036/
FR0108 6,50% April 15, 2036 - - 5.161 -
15 April 2039/
FR0079 8,38% April 15, 2039 - - 3.510 12.186
15 Mei 2031/
FR0073 8,75% May 15, 2031 - - 3.413 4.350
15 Mei 2028/
FR0064 6,13% May 15, 2028 - - 3.061 -
15 Juli 2031/
FR0054 9,50% July 15, 2031 - - 2.351 2.256
15 Mei 2048/
FR0076 7,38% May 15, 2048 - - 2.153 16.387
15 Mei 2038/
70
Page 398
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(ii) Efek utang (lanjutan) (ii) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember/ 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga (lanjutan/continued)
Unit link (lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Negara/Government Bonds*)
FR0075 7,50% May 15, 2038 - - 1.102 22.686
15 April 2026/
FR0086 5,50% April 15, 2026 - - 1.003 983
15 Juni 2025/
FR0081 6,50% June 15, 2025 - - - 93.871
15 Agustus 2025/
PB0036 5,38% August 15, 2025 - - - 79.200
15 Juni 2038/
FR0098 7,13% June 15, 2038 - - - 70.501
15 April 2040/
FR0083 7,50% April 15, 2040 - - - 15.548
15 June 2043/
FR0097 7,13% June 15, 2043 - - - 9.115
15 September 2025/
FR0040 11,00% September 15, 2025 - - - 5.140
15 Maret 2034/
PBS029 6,38% March 15, 2034 - - - 2.925
15 Februari 2044/
FR0067 8,75% February 15, 2044 - - - 2.340
15 Maret 2036/
PBS037 6,88% March 15, 2036 - - - 2.014
15 Agustus 2028/
FR0095 6,38% August 15, 2028 - - - 1.549
Sub-total 480.443 647.809
* Obligasi pemerintah tidak diperingkat/Government bonds are unrated
Obligasi Korporasi/Corporate Bonds
Obligasi Berkelanjutan VI Federal
International Finance Tahap V 25 April 2026/
Tahun 2025 Seri A 6,40% April 25, 2026 idAAA - 123.796 -
Sukuk Wakalah BI Al-Istitsmar
Berkelanjutan I Cimb Niaga Auto 23 June 2026/
Finance Tahap II Tahun 2025 Seri A 6,70% June 23, 2026 AAA(idn) - 50.202 -
Obligasi Berkelanjutan VI Astra Sedaya
Finance Tahap V Tahun 2025 24 Maret 2026/
Seri A 6,45% March 24, 2026 AAA(idn) - 50.175 -
Obligasi Berkelanjutan IV Wom Finance 11 April 2026/
Tahap III Tahun 2023 Seri B 7,00% April 11, 2026 AA+(idn) - 40.216 -
Obligasi Berkelanjutan V Wom Finance 4 Juli 2026/
Tahap II Tahun 2025 Seri A 6,45% July 4, 2026 idAAA - 38.268 -
Obligasi Berkelanjutan VI BFI Finance 27 Juni 2026/
Indonesia Tahap II Tahun 2025 Seri A 6,45% June 27, 2026 AA-(idn) - 38.169 -
Obligasi II KB Finansia Multi Finance 27 Juni 2026/
Tahun 2023 Seri B 7,30% June 27, 2026 AAA(idn) - 37.404 -
Obligasi Berkelanjutan V WOM Finance 24 Juni 2028/
Tahap II Tahun 2025 Seri B 6,85% June 24, 2028 idAAA - 35.963 -
Obligasi Berkelanjutan IV Bank Panin 8 Oktober 2029/
Tahap II Tahun 2024 7,25% October 8, 2029 idAA - 34.912 -
Obligasi Berkelanjutan III Chandra Asri
Petrochemical Tahap III Tahun 2021 15 April 2026/
Seri B 8,50% April 15, 2026 idAA- - 34.299 -
Obligasi Berkelanjutan V Medco Energi
Internasional Tahap III Tahun 2025 7 Januari 2030/
Seri A 7,75% January 7, 2030 idAA- - 31.301 -
Obligasi Berkelanjutan III Bussan Auto
Finance Tahap III Tahun 2025 28 Mei 2028/
Seri B 7,00% May 28, 2028 AAA(idn) - 30.625 -
Obligasi Berkelanjutan VI BFI Finance 17 Juni 2028/
Indonesia Tahap II Tahun 2025 Seri C 6,90% June 17, 2028 AA-(idn) - 30.480 -
Obligasi Berkelanjutan VI Federal
International Finance Tahap V 15 April 2028/
Tahun 2025 Seri B 6,70% April 15, 2028 idAAA - 30.373 -
Obligasi Berkelanjutan III Chandra Asri
Petrochemical Tahap V Tahun 8 Maret 2029/
2022 Seri B 8,10% March 8, 2029 idAA- - 26.256 -
Obligasi Berkelanjutan VI Tower Bersama
Infrastructure Tahap V Tahun 2025 12 Februari 2028/
Seri B 7,00% February 12, 2028 AA+(idn) - 25.494 -
Obligasi Berkelanjutan III Merdeka 28 April 2027/
Copper Gold II Tahun 2022 Seri B 9,25% April 28, 2027 idA+ idA+ 23.634 2.046
Obligasi Berkelanjutan I Merdeka Battery
Materials Tahap II Tahun 2025 20 Agustus 2028/
Seri B 8,75% August 20, 2028 idA - 19.563 -
71
Page 399
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(ii) Efek utang (lanjutan) (ii) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga (lanjutan/continued)
Unit link (lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Korporasi/Corporate Bonds
Obligasi Berkelanjutan VII Adira Finance 08 Juli 2030/
Tahap I Tahun 2025 Seri C 6,70% July 08, 2030 idAAA - 16.889 -
Obligasi Berkelanjutan V Global Mediacom 24 Juni 2030/
Tahap I Tahun 2025 Seri B 7,85% June 24, 2030 idAAA - 16.028 -
Sukuk Wakalah Berkelanjutan I Medco
Power Indonesia Tahap IV Tahun 7 Februari 2030/
Tahun 2025 Seri A 9,00% February 7, 2030 idA(sy) - 15.586 -
Obligasi Berkelanjutan VI Tower Bersama
Infrastructure Tahap VI Tahun 2025 21 Maret 2028/
Seri A 7,00% March 21, 2028 AA+(idn) - 15.352 -
Obligasi Berkelanjutan VII Astra Sedaya
Finance Tahap II Tahun 2025 24 Oktober 2030/
Seri C 5,90% October 24, 2030 idAAA - 14.840 -
Obligasi Berkelanjutan III PLN Tahap VI 18 Februari 2030/
Tahun 2020 Seri C 8,00% February 18, 2030 idAAA - 13.934 -
Sukuk Ijarah I Buma Tahun 2025 26 Maret 2030/
Seri C 9,25% March 26, 2030 idA+(sy) - 13.605 -
Obligasi Berkelanjutan IV Barito Pacific 10 Juli 2030/
Tahap I Tahun 2025 Seri A 8,75% July 10, 2030 idA+ - 13.463 -
Obligasi Berkelanjutan IV Chandra Asri
Petrochemical Tahap I Tahun 9 Agustus 2029/
2022 Seri B 8,60% August 9, 2029 idAA- idAA- 10.693 10.174
Surat Berharga Perpetual Berwawasan 9 Januari 2029/
Lingkungan IIFF Tahun 2023 8,25% January 9, 2029 idAA - 10.579 -
Obligasi Berkelanjutan VI
Medco Energi Internasional Tahap I 25 Juni 2032/
Tahun 2025 Seri A 7,75% June 25, 2032 idAA- - 10.402 -
Obligasi Berkelanjutan II Trimegah Sekuritas 12 Juli 2026/
Indonesia Tahap I Tahun 2025 Seri A 7,20% July 12, 2026 idA - 10.042 -
Obligasi Berkelanjutan VI Adira Finance 24 Februari 2026/
Tahap V Tahun 2025 Seri A 6,75% February 24, 2026 idAAA - 10.027 -
Obligasi Subordinasi Berkelanjutan I Bank 12 Desember 2030/
BTN Tahap I Tahun 2025 6,65% December 12, 2030 idAA - 10.019 -
Obligasi Berkelanjutan I Merdeka Battery 9 Desember 2030/
Materials III Tahun 2025 Seri B 8,25% December 9, 2030 idA - 10.014 -
Obligasi Berkelanjutan IV
Medco Energi Internasional Tahap III 26 Juli 2027/
Tahun 2022 Seri B 8,10% July 26, 2027 idAA- - 9.258 -
Obligasi Berkelanjutan III Bussan Auto 8 Juni 2026/
Finance Tahap III Tahun 2025 Seri A 6,50% June 8, 2026 AAA(idn) - 8.051 -
Sukuk Wakalah BI Alistitsmar Berkelanjutan 13 September 2026/
I CIMB Niaga Auto Finance III 2025 A 6,15% September 13, 2026 AAA(idn) - 7.049 -
Obligasi Berkelanjutan VI Tower Bersama
Infrastructure Tahap VI Tahun 2025 21 Maret 2030/
Seri B 7,25% March 21, 2030 AA+(idn) - 6.230 -
Obligasi Berkelanjutan III Chandra Asri
Petrochemical Tahap IV Tahun 2021 29 Oktober 2028/
Seri B 8,20% October 29, 2028 idAA- idAA- 5.248 6.020
Sukuk Ijarah Berkelanjutan II XL Axiata 16 Oktober 2028/
Tahap I Tahun 2018 Seri E 10,30% October 16, 2028 AA+(idn) AAA(idn) 4.452 4.385
Obligasi Berkelanjutan IV
Medco Energi Internasional Tahap III 26 Juli 2029/
Tahun 2022 Seri C 9,00% July 26, 2029 idAA- idAA- 4.326 2.074
Obligasi Berkelanjutan IV Chandra Asri
Petrochemical Tahap II Tahun 28 Februari 2028/
2023 Seri A 8,40% February 28, 2028 idAA- idAA- 4.182 14.156
Obligasi Berkelanjutan III PLN 1 Agustus 2039/
IV Tahun 2019 Seri E 9,98% August 1, 2039 idAAA idAAA 2.611 2.418
Obligasi Subordinasi Berkelanjutan III
Bank KB Bukopin I Tahun 2021 9 September 2028/
Seri B 8,90% September 9, 2028 AA(idn) AA(idn) 2.141 3.623
Obligasi Berkelanjutan II Indosat Tahap II 9 November 2027
Tahun 2017 Seri E 8,65% November 9, 2027 AAA(idn) AA+(idn) 2.110 2.057
Obligasi Berkelanjutan IV Chandra Asri 1 Maret 2029/
Pacific Tahap IV Tahun 2024 Seri B 8,25% March 1, 2029 idAA- idAA- 2.108 2.004
Obligasi Subordinasi Berkelanjutan III 15 Juli 2028/
Bank BJB I Tahun 2021 Seri B 8,60% July 15, 2028 idA+ idA+ 2.061 1.999
Obligasi Berkelanjutan VI Tower Bersama 16 Februari 2025/
Infrastructure Tahap III Tahun 2024 6,75% February 16, 2025 - AA+(idn) - 48.465
Obligasi Berkelanjutan I Trimegah Sekuritas 8 Juli 2025/
Indonesia Tahap II Tahun 2024 7,70% July 8, 2025 - idA - 34.896
Obligasi Berkelanjutan V Wom Finance 12 Juli 2025/
Tahap I Tahun 2024 Seri A 6,75% July 12, 2025 - idAA+ - 32.253
72
Page 400
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(ii) Efek utang (lanjutan) (ii) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Unit link (lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Korporasi/Corporate Bonds
Obligasi Berkelanjutan VI Adira Finance 20 Oktober 2025/
Tahap IV Tahun 2024 Seri A 6,45% October 20, 2025 - idAAA - 64.111
Obligasi Berkelanjutan I JACCS MPM
Finance Indonesia Tahap III Tahun 29 April 2025/
2024 Seri A 6,70% April 29, 2025 - AA(idn) - 10.082
Obligasi Berkelanjutan VI Astra Sedaya
Finance Tahap IV Tahun 2024 2 Oktober 2027/
Seri B 6,70% October 2, 2027 - AAA(idn) - 9.857
Obligasi Berkelanjutan III Merdeka 1 September 2025/
Copper Gold III Tahun 2022 Seri B 8,25% September 1, 2025 - idA+ - 8.022
Obligasi Berkelanjutan I Indosat Tahap II 4 Juni 2025/
Tahun 2015 Seri E 10,40% June 4, 2025 - AA+(idn) - 5.068
Obligasi Berkelanjutan III Chandra Asri
Petrochemical Tahap IV Tahun 29 Oktober 2026/
2021 Seri A 7,20% October 29, 2026 - idAA- - 4.946
Obligasi III Wahana Inti Selaras Tahun 15 Juli 2025/
2024 Seri B 7,95% July 15, 2025 - idA - 199
Sub - total 952.430 268.855
Pihak ketiga/Third parties
(lanjutan/continued)
Unit link (lanjutan/continued)
Dolar A.S./U.S. Dollar
Obligasi Negara/Government Bonds*)
Perusahaan Penerbit SBSN 1 Maret 2028/
4.4% 01/03/28 4,40% March 1, 2028 - - 8.448 -
Perusahaan Penerbit SBSN 28 May 2025/
4.325% 28/05/25 4,33% May 28, 2025 - - - 7.254
Sub - total 8.448 7.254
Total unit link / Total unit link 1.441.321 923.918
Syariah Wakalah
Rupiah
Obligasi Negara/Government Bonds*)
15 Januari 2027/
PBS003 6,00% January 15, 2027 - - 11.020 980
15 Juli 2028/
PBS030 5,88% July 15, 2028 - - 5.082 -
15 Maret 2034/
PBS029 6,38% March 15, 2034 - - 4.269 16.729
15 Juni 2039/
PBS034 6,50% June 15, 2039 - - 4.078 2.892
15 Desember 2049/
PBS038 6,88% December 15, 2049 - - 2.050 8.740
15 Maret 2036/
PBS037 6,88% March 15, 2036 - - 1.056 8.761
15 Juli 2026/
PBS032 4,88% July 15, 2026 - - 1.001 968
15 Juni 2047/
PBS033 6,75% June 15, 2047 - - - 7.809
15 Oktober 2046/
PBS028 7,75% October 15, 2046 - - - 1.311
15 Februari 2037/
PBS004 6,10% February 15, 2037 - - - 940
Sub – total 28.556 49.130
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
73
Page 401
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(ii) Efek utang (lanjutan) (ii) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Syariah Wakalah (lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Korporasi/Corporate Bonds
Sukuk Wakalah Berkelanjutan I Medco
Power Indonesia Tahap IV Tahun 2025 7 Februari 2030/
Seri A 9,00% February 7, 2030 idA(sy) - 5.195 -
Sukuk Mudharabah Berkelanjutan I
Merdeka Battery Materials Tahap II 20 Agustus 2028/
Tahun 2025 Seri B 8,75% August 20, 2028 idA(sy) - 5.152 -
Sukuk Ijarah Berkelanjutan V Global
Mediacom Tahap I Tahun 2025 24 Juni 2030/
Seri B 7,85% June 24, 2030 idAAA(sy - 4.274 -
Sukuk Ijarah I Buma Tahun 2025 26 Maret 2028/
Seri B 8,50% March 26, 2028 idA+(sy) - 3.098 -
Sukuk Mudharabah Berkelanjutan I
Merdeka Battery Materials Tahap III 9 Desember 2030/
Tahun 2025 Seri B 8,25% December 9, 2030 idA(sy) - 1.500 -
Sub - total 19.219 -
Total syariah wakalah/ Total syariah wakalah 47.775 49.130
Total pihak ketiga / Total Third parties 1.469.877 973.048
Pihak berelasi/ Related parties
Unit link
Rupiah
Obligasi Berkelanjutan I Oto Multiartha 7 April 2026/
Tahap III Tahun 2025 Seri A 6,40% April 7, 2026 idAAA - 50.194 -
Obligasi Berkelanjutan II Sinar mas 7 Maret 2033/
Multiartha Tahap IV Tahun 2023 10,50% March 7, 2033 A(idn) - 19.627 1.126
Obligasi Berkelanjutan III Sinar Mas 7 Februari 2026/
Multifinance I Tahun 2023 Seri B 10,25% February 7, 2026 BBB-(idn) - 17.678 -
Obligasi Berkelanjutan I Oto Multiartha 27 March 2030/
Tahap III Tahun 2025 Seri C 7,00% March 27, 2030 idAAA - 15.534 -
Obligasi Berkelanjutan I Oto Multiartha 18 Juni 2028/
Tahap IV Tahun 2025 Seri A 7,00% June 18, 2028 idAAA - 15.460 -
Obligasi Berkelanjutan V Indah Kiat Pulp 12 Maret 2028/
dan Paper III Tahun 2025 Seri B 10,00% March 12, 2028 idA+ - 13.738 -
Obligasi Berkelanjutan I Oto Multiartha 18 Juni 2030/
Tahap IV Tahun 2025 Seri B 7,20% June 18, 2030 idAAA - 11.437 -
Obligasi Berkelanjutan V Indah Kiat Pulp 5 Desember 2029/
Paper II Tahun 2024 Seri C 10,75% December 5, 2029 idA+ - 11.091 -
Obligasi Berkelanjutan II Lontar Papyrus
Pulp&Paper Industry I Tahun 2023 4 Juli 2026/
Seri A 10,50% July 4, 2026 idA - 7.661 -
Obligasi Berkelanjutan III Lontar Papyrus
Pulp&Paper Industry I Tahun 2024 4 Oktober 2029/
Seri B 11,00% October 4, 2029 idA idA 7.466 6.964
Sukuk Mudharabah Berkelanjutan IV
Indah Kiat Pulp & Paper Tahap V 30 September 2030/
Tahun 2025 9,50% September 30, 2030 idA+(sy) - 7.125 -
Obligasi Berkelanjutan IV Indah Kiat Pulp 21 November 2028/
Paper III Tahun 2023 Seri C 10,75% November 21, 2028 idA+ idA+ 6.521 6.287
Obligasi Berkelanjutan II Oki Pulp & Paper 29 Juli 2027/
Mills II Tahun 2025 Seri B 10,50% July 29, 2027 idA+ - 6.350 -
Obligasi Berkelanjutan I Lontar Papyrus
Pulp&Paper Industry II Tahun 2022 22 April 2027/
Seri C 10,25% April 22, 2027 idA idA 4.692 4.606
Obligasi Berkelanjutan IV Indah Kiat Pulp 25 Agustus 2026/
dan Paper II Tahun 2023 Seri B 10,25% August 25, 2026 idA+ - 2.563 -
Obligasi Oki Pulp & Paper 30 Maret 2027/
Mills II Tahun 2022 Seri C 9,75% March 30, 2027 idA+ - 2.071 -
Obligasi Berkelanjutan I Oki Pulp & Paper 12 Oktober 2026/
Mills I Tahun 2023 Seri B 10,50% October 12, 2026 idA+ idA+ 2.061 2.001
Obligasi Berkelanjutan III Sinar mas 23 Oktober 2030/
Multiartha Tahap IV Tahun 2025 8,00% October 23, 2030 AA - 2.059 -
Obligasi Berkelanjutan II Sinar mas 4 Oktober 2032/
Multiartha Tahap III Tahun 2022 Seri B 10,50% October 4, 2032 A(idn) idAA 239 226
Obligasi Berkelanjutan III Indah Kiat Pulp 5 Agustus 2025/
dan Paper I Tahun 2022 Seri B 9,50% August 5, 2025 - idA+ - 3.074
Obligasi Berkelanjutan II Sinar Mas 17 Juli 2025
Multifinance I Tahun 2020 Seri B 11,50% July 17, 2025 - BBB+(idn) - 2.060
74
Page 402
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(ii) Efek utang (lanjutan) (ii) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Obligasi Berkelanjutan I Indah Kiat Pulp 11 Desember 2025/
dan Paper III Tahun 2020 Seri C 11,00% December 11, 2025 - idA+ - 1.021
Obligasi Berkelanjutan Oki Pulp & Paper 30 Maret 2025/
Mills II Tahun 2022 Seri B 9,00% March 30, 2025 - idA+ - 78.954
Obligasi Berkelanjutan I Lontar Papyrus
Pulp&Paper Industry I Tahun 2021 26 Januari 2025/
Seri B 9,25% January 26, 2025 - idA - 300
Total unit link 203.567 106.619
Syariah Wakalah
Sukuk Mudharabah Berkelanjutan IV Indah
Kiat Pulp&Paper Tahap III Tahun 2025 12 Maret 2028/
Seri B 10.00% March 12, 2028 idA(sy) - 3.171 -
Total Syariah Wakalah 3.171 -
Total pihak berelasi / Total Related parties 206.738 106.619
Total efek utang/ Total debt securities 1.695.861 1.079.667
Obligasi pemerintah yang dimiliki oleh Government bonds held by the Company
Perusahaan dikeluarkan oleh Republik are issued by Republic of Indonesia, in
Indonesia, dimana obligasi pemerintah which the Republic of Indonesia sovereign
Republik Indonesia dalam Rupiah tidak rating in Rupiah are unrated.
diperingkat.
(iii) Efek saham (iii) Equity securities
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak ketiga Third parties
Rupiah Rupiah
Konvensional Conventional
PT Bank Central Asia Tbk 2.889.700 2.367.600 23.334 22.906 PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 4.448.800 3.158.400 22.689 18.003 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 5.729.100 4.862.800 20.969 19.840 (Persero) Tbk
PT Sampoerna Agro Tbk 2.423.800 - 18.360 - PT Sampoerna Agro Tbk
PT Perusahaan Gas Negara PT Perusahaan Gas Negara
(Persero) Tbk 9.535.700 - 18.213 - (Persero) Tbk
PT Petrosea Tbk 1.599.800 - 17.478 - PT Petrosea Tbk
PT Archi Indonesia Tbk 6.808.700 - 11.030 - PT Archi Indonesia Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 2.493.400 500.000 10.896 2.175 (Persero) Tbk
PT Aneka Tambang Tbk 3.294.500 1.974.600 10.378 3.011 PT Aneka Tambang Tbk
PT Rukun Raharja Tbk 1.502.200 - 9.163 - PT Rukun Raharja Tbk
PT Indika Energy Tbk 3.828.000 2.311.000 8.575 3.455 PT Indika Energy Tbk
PT Darma Henwa Tbk 11.900.000 - 7.973 - PT Darma Henwa Tbk
PT Telekomunikasi Indonesia PT Telekomunikasi Indonesia
(Persero) Tbk 2.288.600 3.186.000 7.964 8.634 (Persero) Tbk
PT Mayora Indah Tbk 2.453.300 - 5.226 - PT Mayora Indah Tbk
PT Raharja Energi Cepu Tbk 512.200 - 5.045 - PT Raharja Energi Cepu Tbk
PT Japfa Comfeed PT Japfa Comfeed
Indonesia Tbk 1.892.200 - 4.958 - Indonesia Tbk
PT Medco Energi PT Medco Energi
Internasional Tbk 3.300.000 399.500 4.439 439 Internasional Tbk
PT Bumi Resources Tbk 12.100.000 32.247.000 4.429 3.805 PT Bumi Resources Tbk
PT Adaro Andalan PT Adaro Andalan
Indonesia Tbk 568.649 407.949 3.966 3.457 Indonesia Tbk
PT MAP Aktif PT MAP Aktif
Adiprakarsa Tbk 5.914.100 3.308.600 3.962 3.540 Adiprakarsa Tbk
PT XL Axiata Tbk 983.500 3.757.800 3.688 8.455 PT XL Axiata Tbk
PT Vale Indonesia Tbk 685.700 - 3.548 - PT Vale Indonesia Tbk
75
Page 403
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(iii) Efek saham (lanjutan) (iii) Equity securities (continued)
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak ketiga (lanjutan) Third parties (continued)
Rupiah (lanjutan) Rupiah (continued)
Konvensional (lanjutan) Conventional (continued)
PT Central Omega PT Central Omega
Resources Tbk 4.820.000 - 3.495 - Resources Tbk
PT Elnusa Tbk 6.900.000 9.563.800 3.436 4.132 PT Elnusa Tbk
PT Midi Utama PT Midi Utama
Indonesia Tbk 8.142.800 - 3.176 - Indonesia Tbk
PT Mastersystem PT Mastersystem
Infotama Tbk 1.739.300 1.452.300 2.696 2.447 Infotama Tbk
PT Kalbe Farma Tbk 2.236.500 - 2.695 - PT Kalbe Farma Tbk
PT Astra International Tbk 340.900 790.000 2.284 3.871 PT Astra International Tbk
PT Ultra Jaya Milk PT Ultra Jaya Milk
Industry & Trading Tbk 1.580.000 - 2.275 - Industry & Trading Tbk
PT Bangun Kosambi PT Bangun Kosambi
Sukses Tbk 224.400 - 1.964 - Sukses Tbk
PT Mitra Adiperkasa Tbk 1.539.800 299.900 1.794 423 PT Mitra Adiperkasa Tbk
PT Cisarua Mountain PT Cisarua Mountain
Dairy Tbk 312.100 - 1.763 - Dairy Tbk
PT Bumi Resources PT Bumi Resources
Minerals Tbk 1.535.300 1.853.500 1.689 641 Minerals Tbk
PT Timah (Persero) Tbk 542.900 - 1.688 - PT Timah (Persero) Tbk
PT Indosat Tbk 716.700 1.341.000 1.663 3.326 PT Indosat Tbk
PT Alamtri Resources PT Alamtri Resources
Indonesia Tbk 679.800 - 1.230 - Indonesia Tbk
PT Sumber Alfaria Trijaya Tbk 608.600 1.987.100 1.202 5.663 PT Sumber Alfaria Trijaya Tbk
PT Sarana Menara PT Sarana Menara
Nusantara Tbk 2.005.800 - 1.173 - Nusantara Tbk
PT Mitra Keluarga PT Mitra Keluarga
Karyasehat Tbk 478.000 - 1.138 - Karyasehat Tbk
PT Adaro Minerals PT Adaro Minerals
Indonesia Tbk 722.400 - 1.127 - Indonesia Tbk
PT Indofood CBP PT Indofood CBP
Sukses Makmur Tbk 127.700 577.600 1.047 6.570 Sukses Makmur Tbk
PT HM Sampoerna Tbk 1.427.600 - 1.035 - PT HM Sampoerna Tbk
PT Surya Esa Perkasa Tbk 1.546.100 - 935 - PT Surya Esa Perkasa Tbk
PT Indofood PT Indofood
Sukses Makmur Tbk 127.100 320.000 861 2.464 Sukses Makmur Tbk
PT Merdeka Copper Gold Tbk 289.900 - 661 - PT Merdeka Copper Gold Tbk
PT Semen Indonesia PT Semen Indonesia
(Persero) Tbk 219.200 - 579 - (Persero) Tbk
PT Pakuwon Jati Tbk 1.695.400 9.100.700 573 3.622 PT Pakuwon Jati Tbk
PT Indocement PT Indocement
Tunggal Prakarsa Tbk 62.600 - 468 - Tunggal Prakarsa Tbk
PT Blue Bird Tbk 220.300 900.000 375 1.449 PT Blue Bird Tbk
PT Erajaya Swasembada Tbk 814.600 3.796.000 332 1.534 PT Erajaya Swasembada Tbk
PT AKR Corporindo Tbk 205.900 - 259 - PT AKR Corporindo Tbk
PT Malindo Feedmill Tbk 284.100 - 246 - PT Malindo Feedmill Tbk
PT Summarecon Agung Tbk 626.600 7.946.200 239 3.894 PT Summarecon Agung Tbk
PT Ace Hardware PT Ace Hardware
Indonesia Tbk 321.200 - 132 - Indonesia Tbk
PT Jasa Marga PT Jasa Marga
(Persero) Tbk 20.000 1.312.500 68 5.683 (Persero) Tbk
PT United Tractors Tbk - 266.000 - 7.122 PT United Tractors Tbk
PT Chandra Asri PT Chandra Asri
Petrochemical Tbk - 458.000 - 3.435 Petrochemical Tbk
PT Panin Finansial Tbk - 7.609.100 - 3.272 PT Panin Finansial Tbk
PT Bukalapak.com Tbk - 15.058.500 - 1.882 PT Bukalapak.com Tbk
PT Steel Pipe Industry PT Steel Pipe Industry
of Indonesia Tbk - 6.850.000 - 1.836 of Indonesia Tbk
PT Bank Jago Tbk - 685.400 - 1.666 PT Bank Jago Tbk
PT Adi Sarana Armada Tbk - 2.167.900 - 1.496 PT Adi Sarana Armada Tbk
PT Bank OCBC PT Bank OCBC
NISP Tbk - 1.090.100 - 1.433 NISP Tbk
PT Saratoga Investama PT Saratoga Investama
Sedaya Tbk - 683.100 - 1.428 Sedaya Tbk
PT Bank CIMB Niaga Tbk - 710.000 - 1.228 PT Bank CIMB Niaga Tbk
PT Gajah Tunggal Tbk - 1.058.200 - 1.185 PT Gajah Tunggal Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk - 850.000 - 969 (Persero) Tbk
PT TBS Energi Utama Tbk - 1.800.000 - 716 PT TBS Energi Utama Tbk
PT Tambang Batu Bara PT Tambang Batu Bara
Bukit AsamTbk - 200.000 - 550 Bukit Asam Tbk
PT Media Nusantara Citra Tbk - 1.000.000 - 276 PT Media Nusantara Citra Tbk
PT Borneo Lumbung PT Borneo Lumbung
Energi & Metal Tbk 48.159.500 48.159.500 - - Energi & Metal Tbk
Sub-total 178.425.049 188.367.649 270.581 171.933 Sub-total
76
Page 404
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(iii) Efek saham (lanjutan) (iii) Equity securities (continued)
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak ketiga (lanjutan) Third parties (continued)
Dolar AS US Dollar
Konvensional (lanjutan) Conventional (continued)
AppLovin Corp 570 - 6.636 - AppLovin Corp
Taiwan Semiconductor Taiwan Semiconductor
Manufacturing Co 672 - 3.378 - Manufacturing Co
Siemens Energy Ag 1.345 - 3.207 - Siemens Energy Ag
Amazon Com Ord Shs 742 - 2.896 - Amazon Com Ord Shs
Saab Ab 5.673 - 2.778 - Saab Ab
Rolls-Royce Holdings Plc 10.097 - 2.655 - Rolls-Royce Holdings Plc
Tencent Holdings Ltd 1.922 - 2.485 - Tencent Holdings Ltd
Western Digital Ord Shs 825 - 2.438 - Western Digital Ord Shs
3i Group Plc 12.206 - 2.223 - 3i Group Plc
Microsoft Corp 252 - 2.062 - Microsoft Corp
Sea Ltd 925 - 1.992 - Sea Ltd
Heidelberg Materials Ag 2.121 - 1.870 - Heidelberg Materials Ag
Cardinal Health Ord Shs 531 - 1.846 - Cardinal Health Ord Shs
Nvdia Ord Shs 571 - 1.797 - Nvdia Ord Shs
McKesson Corp 123 - 1.708 - McKesson Corp
Bae Systems Plc 1.078 - 1.693 - Bae Systems Plc
Corning Ord Shs 1.106 - 1.649 - Corning Ord Shs
Nintendo Co Ltd 5.539 - 1.566 - Nintendo Co Ltd
General Electric Co 295 - 1.544 - General Electric Co
Welltower Ord Shs 447 - 1.410 - Welltower Ord Shs
Arthur J Gallagher & Co 312 - 1.371 - Arthur J Gallagher & Co
Visa Inc 230 - 1.365 - Visa Inc
Corteva Inc 1.197 - 1.353 - Corteva Inc
Robinhood Markets Inc 689 - 1.335 - Robinhood Markets Inc
ICICI Bank Ltd 2.660 - 1.333 - ICICI Bank Ltd
AstraZeneca Plc 849 - 1.318 - AstraZeneca Plc
LPL Financial LPL Financial
Holdings Inc 216 - 1.304 - Holdings Inc
Linde Ord Shs 174 - 1.251 - Linde Ord Shs
Illumina Inc 536 - 1.194 - Illumina Inc
Vertex Vertex
Pharmaceuticals Inc 153 - 1.165 - Pharmaceuticals Inc
Reinsurance Group Reinsurance Group
Of America Inc 306 - 1.052 - Of America Inc
Waste Connections Inc 339 - 1.014 - Waste Connections Inc
GoDaddy Inc 441 - 933 - GoDaddy Inc
Adyen Nv 3.433 - 928 - Adyen Nv
Ge Vernova Inc 75 - 830 - Ge Vernova Inc
Ferrari Nv 126 - 788 - Ferrari Nv
Novo Nordisk A/s 781 - 671 - Novo Nordisk A/s
Medline Ord Shs Class 933 - 656 - Medline Ord Shs Class
Subtotal 60.490 - 67.694 - Subtotal
Total Konvensional 178.485.539 188.367.649 338.275 171.933 Total Conventional
Pihak ketiga Third parties
Rupiah Rupiah
Unit link Unit link
PT Bank Central Asia Tbk 23.271.200 25.813.400 187.915 249.745 PT Bank Central Asia Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 43.983.059 57.824.903 160.978 235.926 (Persero) Tbk
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk 27.370.200 38.782.100 139.588 221.058 (Persero) Tbk
PT Astra International Tbk 20.148.500 10.163.000 134.995 49.799 PT Astra International Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 17.322.500 26.447.300 75.699 115.046 (Persero) Tbk
PT Telekomunikasi Indonesia PT Telekomunikasi Indonesia
(Persero) Tbk 19.731.300 68.037.100 68.665 184.381 (Persero) Tbk
PT United Tractors Tbk 1.312.600 2.060.800 38.722 55.178 PT United Tractors Tbk
PT Barito Pacific Tbk 11.513.541 5.776.136 37.649 5.314 PT Barito Pacific Tbk
PT Aneka Tambang Tbk 10.190.100 16.118.700 32.099 24.581 PT Aneka Tambang Tbk
PT Indofood Sukses PT Indofood Sukses
Makmur Tbk 4.460.100 6.237.300 30.217 48.027 Makmur Tbk
77
Page 405
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(iii) Efek saham (lanjutan) (iii) Equity securities (continued)
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak ketiga (lanjutan) Third parties (continued)
Rupiah (lanjutan) Rupiah (continued)
Unit link (lanjutan) Unit link (continued)
PT Kalbe Farma Tbk 19.030.700 26.844.800 22.932 36.509 PT Kalbe Farma Tbk
PT Perusahaan Gas PT Perusahaan Gas
Negara Tbk 11.262.600 7.598.000 21.512 12.081 Negara Tbk
PT Amman Mineral PT Amman Mineral
Internasional Tbk 3.109.100 3.100.900 19.976 26.280 Internasional Tbk
PT GoTo Gojek PT GoTo Gojek
Tokopedia Tbk 303.697.200 445.609.900 19.437 31.193 Tokopedia Tbk
PT Indofood CBP PT Indofood CBP
Sukses Makmur Tbk 2.339.500 3.548.800 19.184 40.368 Sukses Makmur Tbk
PT Elang Mahkota PT Elang Mahkota
Teknologi Tbk 16.269.700 15.276.300 17.653 7.516 Teknologi Tbk
PT Merdeka Copper Gold Tbk 6.996.913 11.821.831 15.953 19.092 PT Merdeka Copper Gold Tbk
PT Sumber Alfaria Trijaya Tbk 7.919.700 10.343.000 15.641 29.478 PT Sumber Alfaria Trijaya Tbk
PT Semen Indonesia PT Semen Indonesia
(Persero) Tbk 5.102.600 4.066.816 13.471 13.380 (Persero) Tbk
PT Unilever Indonesia Tbk 5.166.300 4.472.300 13.432 8.430 PT Unilever Indonesia Tbk
PT Rukun Raharja Tbk 1.979.500 - 12.075 - PT Rukun Raharja Tbk
PT Merdeka Battery Tbk 20.469.300 32.180.600 11.667 14.739 PT Merdeka Battery Tbk
PT Pertamina Gheotermal PT Pertamina Gheotermal
Energy Tbk 10.320.700 995.000 11.611 930 Energy Tbk
PT XL Axiata Tbk 2.719.700 3.893.400 10.199 8.760 PT XL Axiata Tbk
PT Charoen Pokphand PT Charoen Pokphand
Indonesia Tbk 2.231.400 2.926.500 10.064 13.930 Indonesia Tbk
PT Bumi Resources Tbk 27.008.200 - 9.885 - PT Bumi Resources Tbk
PT Indocement Tunggal PT Indocement Tunggal
Prakarsa Tbk 1.073.000 1.212.500 8.021 8.973 Prakarsa Tbk
PT Adaro Energy Tbk 3.747.600 5.790.000 6.783 14.070 PT Adaro Energy Tbk
PT Dayamitra PT Dayamitra
Telekomunikasi Tbk 9.573.000 512.100 6.701 330 Telekomunikasi Tbk
PT Vale Indonesia Tbk 1.269.540 5.179.220 6.570 18.749 PT Vale Indonesia Tbk
PT Japfa Comfeed PT Japfa Comfeed
Indonesia Tbk 2.282.500 7.580.100 5.980 14.705 Indonesia Tbk
PT Bank Tabungan PT Bank Tabungan
Negara (Persero) Tbk 4.887.600 7.319.600 5.743 8.344 Negara (Persero) Tbk
PT Surya Esa Perkasa Tbk 9.304.100 - 5.629 - PT Surya Esa Perkasa Tbk
PT Darma Henwa Tbk 8.268.200 - 5.540 - PT Darma Henwa Tbk
PT Dharma Satya PT Dharma Satya
Nusantara Tbk 3.582.700 2.845.300 5.517 2.703 Nusantara Tbk
PT Medco Energi PT Medco Energi
Internasional Tbk 4.057.100 3.002.300 5.457 3.303 Internasional Tbk
PT Jasa Marga (Persero) Tbk 1.532.200 1.818.900 5.225 7.876 PT Jasa Marga (Persero) Tbk
PT Avia Avian Tbk 9.209.000 8.647.800 4.650 3.459 PT Avia Avian Tbk
PT Petrosea Tbk 397.900 - 4.347 - PT Petrosea Tbk
PT Indosat Tbk 1.860.400 951.800 4.316 2.360 PT Indosat Tbk
PT Archi Indonesia Tbk 2.635.700 - 4.270 - PT Archi Indonesia Tbk
PT Merdeka Gold PT Merdeka Gold
Resources Tbk 720.100 - 3.997 - Resources Tbk
PT Adaro Andalan PT Adaro Andalan
Indonesia Tbk 529.431 1.772.683 3.693 15.024 Indonesia Tbk
PT Sarana Menara PT Sarana Menara
Nusantara Tbk 5.541.400 7.310.100 3.242 4.788 Nusantara Tbk
PT Erajaya Swasembada Tbk 6.943.200 - 2.833 - PT Erajaya Swasembada Tbk
PT Surya Citra Media Tbk 8.091.800 - 2.735 - PT Surya Citra Media Tbk
PT Tambang Batubara PT Tambang Batubara
Bukit Asam Tbk 800.400 2.013.900 1.849 5.538 Bukit Asam Tbk
PT Timah (Persero) Tbk 545.800 5.481.000 1.697 5.865 PT Timah (Persero) Tbk
PT Indo Tambangraya PT Indo Tambangraya
Megah Tbk 61.800 94.100 1.352 2.512 Megah Tbk
PT Super Bank Indonesia Tbk 1.233.000 - 1.153 - PT Super Bank Indonesia Tbk
PT Impack Pratama Industri Tbk 249.500 - 981 - PT Impack Pratama Industri Tbk
PT Bank Jago Tbk 426.700 1.267.200 843 3.079 PT Bank Jago Tbk
PT HM Sampoerna Tbk 1.146.300 - 831 - PT HM Sampoerna Tbk
PT Bumi Resources PT Bumi Resources
Minerals Tbk 737.700 - 811 - Minerals Tbk
PT Hartadinata Abadi Tbk 359.300 - 772 - PT Hartadinata Abadi Tbk
PT Bank KB Bukopin Tbk 9.195.700 - 708 - PT Bank KB Bukopin Tbk
PT Pantai Indah Kapuk PT Pantai Indah Kapuk
Dua Tbk 52.094 36.900 656 590 Dua Tbk
PT Harum Energy Tbk 573.700 671.200 617 695 PT Harum Energy Tbk
PT Triputra Agro Persada Tbk 400.200 9.120.700 600 6.977 PT Triputra Agro Persada Tbk
PT Raharja Energi Cepu Tbk 60.200 - 593 - PT Raharja Energi Cepu Tbk
PT J Resources Asia PT J Resources Asia
Pasifik Tbk 951.000 - 523 - Pasifik Tbk
PT TBS Energi Utama Tbk 499.300 800.000 369 318 PT TBS Energi Utama Tbk
PT Summarecon Agung Tbk 915.300 - 350 - PT Summarecon Agung Tbk
PT Bukit Uluwatu Villa Tbk 250.000 - 348 - PT Bukit Uluwatu Villa Tbk
78
Page 406
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(iii) Efek saham (lanjutan) (iii) Equity securities (continued)
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak ketiga (lanjutan) Third parties (continued)
Rupiah (lanjutan) Rupiah (continued)
Unit link (lanjutan) Unit link (continued)
PT Elnusa Tbk 612.700 80.900 305 35 PT Elnusa Tbk
PT Mitra Adiperkasa Tbk 239.500 2.708.600 279 3.819 PT Mitra Adiperkasa Tbk
PT Ace Hardware PT Ace Hardware
Indonesia Tbk 659.300 1.014.600 270 802 Indonesia Tbk
PT Bank Pan Indonesia Tbk 230.700 554.300 249 1.031 PT Bank Pan Indonesia Tbk
PT Surya Semesta PT Surya Semesta
Internusa Tbk 100.000 - 168 - Internusa Tbk
PT Bank Syariah Indonesia Tbk 74.400 94.900 166 259 PT Bank Syariah Indonesia Tbk
PT Mayora Indah Tbk 74.700 147.300 159 409 PT Mayora Indah Tbk
PT Astra Otoparts Tbk - 1.275.500 - 2.934 PT Astra Otoparts Tbk
PT AKR Corporindo Tbk - 2.468.200 - 2.764 PT AKR Corporindo Tbk
PT Bank OCBC PT Bank OCBC
NISP Tbk - 368.400 - 484 NISP Tbk
PT Bank CIMB Niaga Tbk - 206.900 - 358 PT Bank CIMB Niaga Tbk
PT Trans Power Marine Tbk - 558.000 - 357 PT Trans Power Marine Tbk
PT Medikaloka Hermina Tbk - 206.600 - 337 PT Medikaloka Hermina Tbk
PT Prodia Widyahusada Tbk - 120.000 - 324 PT Prodia Widyahusada Tbk
PT MAP Aktif PT MAP Aktif
Adiperkasa Tbk - 301.900 - 323 Adiperkasa Tbk
PT Campina Ice Cream PT Campina Ice Cream
Industry Tbk - 1.200.000 - 307 Industry Tbk
PT Pakuwon Jati Tbk - 737.700 - 294 PT Pakuwon Jati Tbk
PT Ciputra Development Tbk - 299.400 - 293 PT Ciputra Development Tbk
PT Mitra Keluarga PT Mitra Keluarga
Karyasehat Tbk - 94.800 - 241 Karyasehat Tbk
PT Clipan Finance PT Clipan Finance
Indonesia Tbk - 773.300 - 238 Indonesia Tbk
PT Tower Bersama PT Tower Bersama
Infrastructure Tbk - 100.000 - 210 Infrastructure Tbk
PT Paninvest Tbk - 120.300 - 127 PT Paninvest Tbk
Subtotal 730.881.978 916.797.889 1.269.117 1.597.945 Subtotal
Pihak ketiga (lanjutan) Third parties (continued)
Dolar AS US Dollar
Unit link (lanjutan) Unit link (continued
Goldman Sachs Group Inc 840 1.203 12.467 11.151 Goldman Sachs Group Inc
Caterpillar Inc 840 1.203 8.139 7.058 Caterpillar Inc
Microsoft Corp 840 1.203 6.872 8.260 Microsoft Corp
American Express Co 840 1.203 5.264 5.781 American Express Co
Visa Inc 840 1.203 4.985 6.130 Visa Inc
Home Depot Inc 840 1.203 4.882 7.572 Home Depot Inc
UnitedHealth Group Inc 840 1.203 4.682 9.873 UnitedHealth Group Inc
Amgen Inc 840 1.203 4.633 5.042 Amgen Inc
Sherwin Williams Co 840 1.203 4.598 6.586 Sherwin Williams Co
JP Morgan Chase & Co 840 1.203 4.559 4.653 JP Morgan Chase & Co
Mcdonald's Corp 840 1.203 4.342 5.631 Mcdonald's Corp
International Business International Business
Machines Corp 840 1.203 4.258 4.282 Machines Corp
Travelers Companies Inc 840 1.203 4.122 4.664 Travelers Companies Inc
Apple Inc 840 1.203 3.850 4.904 Apple Inc
Salesforce.com Inc 840 1.203 3.749 6.528 Salesforce.com Inc
Amazon Com Ord Shs 840 1.203 3.278 4.303 Amazon Com Ord Shs
Boeing Co 840 1.203 3.080 3.433 Boeing Co
Johnson & Johnson 840 1.203 2.917 2.787 Johnson & Johnson
Honeywell International Inc 840 1.203 2.768 4.406 Honeywell International Inc
Nvidia Ord Shs 840 1.203 2.644 2.673 Nvdia Ord Shs
3M Co 840 1.203 2.272 2.511 3M Co
Chevron Corp 840 1.203 2.147 2.782 Chevron Corp
Procter & Gamble Co 840 1.203 2.031 3.249 Procter & Gamble Co
Walt Disney Co 840 1.203 1.618 2.154 Walt Disney Co
Walmart Inc 840 1.203 1.578 1.761 Walmart Inc
Merck & Co. Inc 840 1.203 1.495 1.912 Merck & Co. Inc
Cisco Systems Inc 840 1.203 1.091 1.151 Cisco Systems Inc
Coca-Cola Co 840 1.203 988 1.206 Coca-Cola Co
Nike Inc 840 1.203 863 1.451 Nike Inc
Verizon Verizon
Communications Inc 840 1.203 574 770 Communications Inc
Subtotal 25.200 36.090 110.746 134.664 Subtotal
Total Unit link 730.907.178 916.833.979 1.379.863 1.732.609 Total Unit link
79
Page 407
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(iii) Efek saham (lanjutan) (iii) Equity securities (continued)
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Syariah Wakalah Sharia Wakalah
Rupiah Rupiah
PT Telekomunikasi Indonesia PT Telekomunikasi Indonesia
(Persero) Tbk 4.346.400 4.649.400 15.125 12.600 (Persero) Tbk
PT Astra International Tbk 1.742.400 2.013.500 11.674 9.866 PT Astra International Tbk
PT Barito Pacific Tbk 2.446.100 - 7.999 - PT Barito Pacific Tbk
PT Chandra Asri PT Chandra Asri
Petrochemical Tbk 885.600 963.000 6.199 7.223 Petrochemical Tbk
PT Bumi Resources PT Bumi Resources
Minerals Tbk 5.437.000 9.026.500 5.981 3.123 Minerals Tbk
PT Merdeka Copper Gold Tbk 1.860.400 1.399.900 4.242 2.261 PT Merdeka Copper Gold Tbk
PT United Tractors Tbk 142.500 153.000 4.204 4.097 PT United Tractors Tbk
PT Bumi Resources Tbk 8.790.000 1.969.900 3.217 232 PT Bumi Resources Tbk
PT Kalbe Farma Tbk 1.920.700 2.587.200 2.314 3.519 PT Kalbe Farma Tbk
PT Pantai Indah Kapuk PT Pantai Indah Kapuk
Dua Tbk 179.941 149.700 2.267 2.395 Dua Tbk
PT Alamtri Resources PT Alamtri Resources
Indonesia Tbk 1.211.000 1.173.000 2.192 2.850 IndonesiaTbk
PT Charoen Pokphand PT Charoen Pokphand
Indonesia Tbk 480.400 644.400 2.167 3.067 Indonesia Tbk
PT Perusahaan Gas Negara Tbk 1.131.000 1.131.000 2.160 1.798 PT Perusahaan Gas Negara Tbk
PT Indofood Sukses PT Indofood Sukses
Makmur Tbk 315.000 365.000 2.134 2.811 Makmur Tbk
PT Vale Indonesia Tbk 370.762 247.362 1.919 896 PT Vale Indonesia Tbk
PT Merdeka Battery Tbk 3.025.500 2.992.500 1.725 1.371 PT Merdeka Battery Tbk
PT Aneka Tambang PT Aneka Tambang
(Persero) Tbk 530.000 1.392.500 1.670 2.124 (Persero) Tbk
PT Archi Indonesia Tbk 1.005.000 - 1.628 - PT Archi Indonesia Tbk
PT Unilever Indonesia Tbk 534.400 434.400 1.389 819 PT Unilever Indonesia Tbk
PT Bank Syariah Indonesia Tbk 459.250 784.050 1.024 2.141 PT Bank Syariah Indonesia Tbk
PT Medco Energi PT Medco Energi
Internasional Tbk 636.500 400.000 856 440 Internasional Tbk
PT Indofood CBP PT Indofood CBP
Sukses Makmur Tbk 91.000 287.400 746 3.269 Sukses Makmur Tbk
PT XL Axiata Tbk 195.300 622.300 732 1.400 PT XL Axiata Tbk
PT Pertamina Gheotermal PT Pertamina Gheotermal
Energy Tbk 558.200 - 628 - Energy Tbk
PT Tambang Batubara PT Tambang Batubara
Bukit Asam Tbk 268.400 513.400 620 1.412 Bukit Asam Tbk
PT Timah (Persero) Tbk 129.000 - 401 - PT Timah (Persero) Tbk
PT Mitra Adiperkasa Tbk 335.700 866.700 391 1.222 PT Mitra Adiperkasa Tbk
PT AKR Corporindo Tbk 309.000 1.114.200 389 1.248 PT AKR Corporindo Tbk
PT Adaro Andalan PT Adaro Andalan
Indonesia Tbk 48.683 167.979 340 1.424 Indonesia Tbk
PT Semen Indonesia PT Semen Indonesia
(Persero) Tbk 101.400 251.400 268 827 (Persero) Tbk
PT Surya Semesta PT Surya Semesta
Internusa Tbk 153.500 357.900 258 481 Internusa Tbk
PT Bukit Uluwatu Villa Tbk 182.000 - 253 - PT Bukit Uluwatu Villa Tbk
PT Amman Mineral PT Amman MIneral
InternasionalTbk - 1.308.700 - 11.091 Internasional Tbk
PT Ace Hardware PT Ace Hardware
Indonesia Tbk - 1.184.600 - 936 Indonesia Tbk
PT Adaro Minerals PT Adaro Minerals
Indonesia Tbk - 494.400 - 593 Indonesia Tbk
PT Saratoga Investama PT Saratoga Investama
Sedaya Tbk - 211.200 - 441 Sedaya Tbk
PT Indosat Tbk - 150.000 - 372 PT Indosat Tbk
PT Ciputra Development Tbk - 308.500 - 302 PT Ciputra Development Tbk
PT Harum Energy Tbk 286.000 - 296 PT Harum Energy Tbk
PT Indo Tambangraya PT Indo Tambangraya
Megah Tbk - 8.800 - 235 Megah Tbk
PT Pakuwon Jati Tbk - 523.000 - 208 PT Pakuwon Jati Tbk
PT Mitra Keluarga PT Mitra Keluarga
Karyasehat Tbk - 56.100 - 142 Karyasehat Tbk
Total Syariah Wakalah 39.822.036 41.188.891 87.112 89.532 Total Sharia Wakalah
Total pihak ketiga 949.214.753 1.146.390.519 1.805.250 1.994.074 Total third parties
80
Page 408
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
c. Surat berharga diukur pada nilai wajar c. Securities carried at fair value through profit
melalui laba rugi (lanjutan) or loss (continued)
(iii) Efek saham (lanjutan) (iii) Equity securities (continued)
Jumlah Saham/Number of Shares
Nilai penuh/Full amount Nilai/Amount
31 Desember/ 31 Desember/ 31 Desember/ 31 Desember /
December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024
Pihak berelasi Related parties
Rupiah Rupiah
Konvensional Conventional
PT Bank BTPN Syariah Tbk 335.600 - 404 - PT Bank BTPN Syariah Tbk
PT Indah Kiat PT Indah Kiat
Pulp & Paper Tbk - 340.300 - 2.314 Pulp & Paper Tbk
PT Dian Swastatika PT Dian Swastatika
Sentosa Tbk - 59.000 - 2.183 Sentosa Tbk
PT Bumi Serpong Damai Tbk - 1.350.000 - 1.276 PT Bumi Serpong Damai Tbk
PT Pabrik Kertas PT Pabrik Kertas
Tjiwi Kimia Tbk - 160.000 - 956 Tjiwi Kimia Tbk
Total Konvensional 335.600 1.909.300 404 6.729 Total Conventional
Unit link Unit link
PT Dian Swastatika PT Dian Swastatika
Sentosa Tbk 221.400 - 22.361 - Sentosa Tbk
PT Indah Kiat PT Indah Kiat
Pulp & Paper Tbk 494.300 873.200 4.202 5.938 Pulp & Paper Tbk
Total Unit link 715.700 873.200 26.563 5.938 Total Unit link
Syariah Wakalah Syariah Wakalah
PT Dian Swastatika PT Dian Swastatika
Sentosa Tbk 91.300 - 9.221 - Sentosa Tbk
PT Indah Kiat PT Indah Kiat
Pulp & Paper Tbk 256.700 224.000 2.182 1.523 Pulp & Paper Tbk
Total Syariah Wakalah 348.000 224.000 11.403 1.523 Total Sharia Wakalah
Total pihak berelasi 1.399.300 3.006.500 38.370 14.190 Total related parties
Dikurangi: Less:
Penyisihan kerugian Allowance for
penurunan nilai 48.159.500 48.159.500 - - impairment losses
Total efek saham 902.454.553 1.101.237.519 1.843.620 2.008.264 Total equity securities
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, the
2024, manajemen Perusahaan telah management has decided to make full
memutuskan melakukan penyisihan allowance for impairment losses on the
penuh penurunan nilai atas efek saham equity securities of PT Borneo Lumbung
PT Borneo Lumbung Energi & Metal Tbk Energi & Metal Tbk and PT Berlian Laju
dan PT Berlian Laju Tanker Tbk Tanker Tbk, due to the inactivity of the
disebabkan tidak aktifnya efek saham shares in the capital market.
tersebut di pasar modal.
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income
(i) Efek utang (i) Debt securities
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
Konvensional/Conventional
Rupiah
Obligasi Negara/Government Bonds*)
15 Agustus 2040/
FR0106 7,13% August 15, 2040 - - 562.863 -
15 Juli 2035/
FR0103 6,75% July 15, 2035 - - 503.208 367.422
15 Juni 2038/
FR0098 7,13% June 15, 2038 - - 481.190 451.789
FR0089 6,88% August 15, 2051 - - 362.428 344.982
81
Page 409
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Konvensional/Conventional
(lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Negara/Government Bonds*)
15 Juni 2043/
FR0097 7,13% June 15, 2043 - - 441.726 416.308
15 Agustus 2051/
15 September 2026/
FR0056 8,38% September 15, 2026 - - 344.974 236.816
15 September 2030/
FR0082 7,00% September 15, 2030 - - 344.489 356.095
15 April 2032/
FR0091 6,38% April 15, 2032 - - 286.010 191.870
15 Februari 2031/
FR0087 6,50% February 15, 2031 - - 265.000 229.960
15 Februari 2034/
FR0100 6,63% February 15, 2034 - - 254.294 219.179
15 Maret 2034/
FR0068 8,38% March 15, 2034 - - 233.360 221.894
15 Juli 2054
FR0102 6,88% July 15, 2054 - - 220.532 53.625
15 Mei 2031/
FR0073 8,75% May 15, 2031 - - 201.554 198.065
15 Mei 2036/
FR0072 8,25% May 15, 2036 - - 200.626 258.974
15 April 2039/
FR0079 8,38% April 15, 2039 - - 196.545 186.118
15 Mei 2033
FR0065 6,63% May 15, 2033 - - 171.170 168.388
15 Mei 2048/
FR0076 7,38% May 15, 2048 - - 161.473 153.624
15 Juli 2030/
FR0104 6,50% July 15, 2030 - - 147.327 48.841
15 Februari 2044/
FR0067 8,75% February 15, 2044 - - 144.012 136.406
15 April 2040/
FR0083 7,50% April 15, 2040 - - 115.323 108.839
15 Agustus 2030/
FR0052 10,50% August 15, 2030 - - 110.225 107.006
15 April 2026/
FR0086 5,50% April 15, 2026 - - 100.258 98.279
15 Juli 2064/
FR0105 6,88% July 15, 2064 - - 96.811 92.657
15 Agustus 2028/
FR0095 6,38% August 15,2028 - - 95.697 91.196
15 Juni 2032/
FR0058 8,25% June 15, 2032 - - 89.689 85.372
15 Juni 2035/
FR0080 7,50% June 15, 2035 - - 88.223 82.909
15 Maret 2029/
FR0071 9,00% March 15, 2029 - - 86.211 83.605
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
82
Page 410
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Konvensional/Conventional
(lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Negara/Government Bonds*)
(lanjutan/continued)
15 Mei 2041/
FR0057 9,50% May 15, 2041 - - 81.440 79.915
15 April 2027/
FR0090 5,13% April 15, 2027 - - 78.209 75.008
15 Februari 2033/
FR0096 7,00% February 15, 2033 - - 76.240 71.928
15 November 2031/
PBS012 8,88% November 15, 2031 - - 65.518 63.899
15 Mei 2028/
FR0064 6,13% May 15, 2028 - - 40.820 38.980
15 Agustus 2032/
FR0074 7,50% August 15, 2032 - - 32.452 30.750
15 August 2045/
FR0107 7,13% August 15, 2045 - - 32.163 -
15 Mei 2037/
FR0045 9,75% May 15, 2037 - - 32.040 30.417
15 Mei 2027/
FR0059 7,00% May 15, 2027 - - 30.814 30.021
15 Februari 2028/
FR0047 10,00% February 15, 2028 - - 27.418 27.176
15 April 2042/
FR0062 6,38% April 15, 2042 - - 19.775 18.817
15 July 2027/
FR0042 10,25% Juli 15, 2027 - - 14.005 13.978
15 July 2031/
FR0054 9,50% Juli 15, 2031 - - 11.756 11.280
15 Mei 2038/
FR0075 7,50% May 15, 2038 - - 11.015 10.312
15 Februari 2026/
FR0084 7,25% February 15, 2026 - - 10.033 10.037
15 Februari 2037/
PBS004 6,10% February 15, 2037 - - 9.999 9.400
15 Juli 2038/
FR0050 10,50% July 15, 2038 - - 6.701 6.465
15 September 2026/
FR0037 12,00% September 15, 2026 - - 5.249 5.400
15 Juni 2039/
PBS034 6,50% June 15, 2039 - - 5.098 -
15 Mei 2029/
FR0078 8,25% May 15, 2029 - - - 21.975
15 September 2025/
FR0040 11,00% September 15, 2025 - - - 30.840
15 Juni 2025/
FR0081 6,50% June 15, 2025 - - - 294.595
Sub-total 6.895.963 5.871.412
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
83
Page 411
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Konvensional/Conventional
(lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Korporasi/Corporate Bond
MTN I Bahana Pembina Usaha 2 Oktober 2027/
Indonesia (Persero) 2022 9,00% October 2, 2027 idAAA idAAA 105.656 100.586
Obligasi Berkelanjutan IV
Indosat Tahap I Tahun 26 Oktober 2027/
2022 Seri B 7,70% October 26, 2027 idAAA idAAA 64.134 62.316
Obligasi Berkelanjutan II PLN 11 Juli 2027/
Tahap I Tahun 2017 Seri C 8,50% July 11, 2027 idAAA idAAA 62.561 61.119
Obligasi Berkelanjutan II
XL Axiata Tahap I Tahun 1 September 2027/
2022 Seri B 7,40% September 1, 2027 AA+(idn) AAA(idn) 51.431 50.155
Obligasi Berkelanjutan V
Medco Energi Internasional 13 Februari 2027/
Tahap II Tahun 2024 Seri A 7,35% February 13, 2027 idAA- idAA- 50.817 49.487
Obligasi Berkelanjutan I
Hutama Karya 6 Juni 2027/
Tahap II Tahun 2017 8,07% June 6, 2027 idAAA idAAA(gg) 46.653 45.814
Obligasi VII Danareksa 8 Februari 2028/
Tahun 2023 Seri B 8,00% February 8, 2028 idAA idAA 43.724 42.226
Obligasi Berkelanjutan III PLN 1 Agustus 2029/
Tahap IV Tahun 2019 Seri C 8,70% August 1, 2029 idAAA idAAA 43.583 41.927
Obligasi Berkelanjutan III
Sarana Multi Infrastruktur 17 Mei 2027/
Tahap III Tahun 2023 Seri C 6,80% May 17, 2027 idAAA idAAA 40.756 39.616
Obligasi Berkelanjutan II
PLN Tahap III 22 Februari 2038/
Tahun 2018 Seri E 8,75% February 22, 2038 idAAA idAAA 40.274 37.821
Obligasi Berkelanjutan I
Hutama Karya Tahap III 26 September 2027/
Tahun 2017 Seri B 8,40% September 26, 2027 idAAA idAAA(gg) 36.686 35.061
Sukuk Mudharabah Berkelanjutan 7 September 2028/
I Hutama Karya I 2021 Seri C 9,30% September 7, 2028 idAA-(sy) idAA-(sy) 33.325 32.306
Obligasi Berkelanjutan V
Medco Energi Internasional 7 Juli 2028/
Tahap I Tahun 2023 Seri B 7,30% July 7, 2028 idAA- idAA- 30.760 29.331
Obligasi Berkelanjutan V
BFI Finance Indonesia 15 Juni 2026/
Tahap V Tahun 2023 Seri B 7,00% June 15, 2026 AA-(idn) AA-(idn) 30.200 29.683
Obligasi Berkelanjutan V
Federal International Finance 24 Februari 2026/
Tahap V Tahun 2023 Seri B 6,80% February 24, 2026 AAAidn) AAA(idn) 30.083 29.890
Obligasi Berkelanjutan IV Sarana
Multi Infrastruktur Tahap IV 27 November 2040/
Tahun 2025 Seri E 0,00% November 27, 2040 idAAA - 29.853 -
Obligasi I Angkasa Pura II 30 Juni 2026/
Tahun 2016 Seri C 9,00% June 30, 2026 idAAA idAAA 27.530 27.638
Obligasi Berkelanjutan III
PLN Tahap II 10 Oktober, 2028/
Tahun 2018 Seri C 9,10% October 10, 2028 idAAA idAAA 27.147 26.416
Obligasi Berkelanjutan III PLN 1 Oktober 2039/
Tahap V Tahun 2019 Seri E 9,90% October 1, 2039 idAAA idAAA 24.341 23.075
Obligasi Berkelanjutan II
Bank BRI Tahap II 11 April 2027/
Tahun 2017 Seri D 8,80% April 11, 2027 idAAA idAAA 22.935 22.772
Obligasi Berkelanjutan II
Bank BRI Tahap I 1 Desember 2026/
Tahun 2016 Seri E 8,90% December 1, 2026 idAAA idAAA 22.722 22.651
Obligasi Berkelanjutan I
Hutama Karya 21 Desember 2026/
Tahap I Tahun 2016 8,55% December 21, 2026 idAAA idAAA(gg) 20.350 20.487
Obligasi Berkelanjutan II Mayora 29 Maret 2027/
Indah Tahap II 2022 Seri A 7,00% March 29, 2027 idAA idAA 20.335 19.749
Obligasi Berkelanjutan V Mandiri
Tunas Finance Tahap III 23 Februari 2027/
Tahun 2022 Seri B 6,75% February 23, 2027 idAAA idAAA 20.321 19.810
84
Page 412
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Konvensional/Conventional
(lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Korporasi/Corporate Bond
(lanjutan/continued)
Obligasi Berkelanjutan
Indonesia EXIMBANK III 23 Februari 2027/
Tahap IV Tahun 2017 Seri E 9,40% February 23, 2027 idAAA idAAA 15.679 15.641
Obligasi Berkelanjutan I
Bank Mandiri Tahap II 15 Juni 2027/
Tahun 2017 Seri C 8,65% June 15, 2027 idAAA idAAA 15.670 15.526
Obligasi Berkelanjutan IV
Sanf Tahap II 16 Maret, 2028/
Tahun 2023 Seri C 7,25% March 16, 2028 AA+(idn) idAA 15.467 14.762
Obligasi Berkelanjutan I
Medikaloka Hermina 15 Juli, 2027/
Tahap II Tahun 2022 Seri B 6,75% July 15, 2027 idAA idAA 15.218 14.660
Obligasi Berkelanjutan II
Protelindo Tahap II 17 Desember, 2026/
Tahun 2021 Seri C 6,10% December 17, 2026 AAA(idn) AAA(idn) 15.122 14.696
Obligasi Berkelanjutan III
PLN Tahap VII Tahun 2020 6 Mei 2030/
Seri D 9,10% May 6, 2030 idAAA idAAA 11.152 10.688
Obligasi Berkelanjutan I
XL Axiata Tahap II 8 Februari 2029/
Tahun 2019 Seri D 10,00% February 8, 2029 AA+(idn) AAA(idn) 11.137 10.912
Sukuk Ijarah Berkelanjutan I
XL AXIATA Tahap II 28 April 2027/
Tahun 2017 Seri E 9,40% April 28, 2027 AA+(idn) AAA(idn) 10.489 10.458
Obligasi Berkelanjutan II
PLN Tahap II 3 November 2027/
Tahun 2017 Seri C 8,20% November 3, 2027 idAAA idAAA 10.469 10.268
Obligasi Berkelanjutan VI
Sarana Multigriya Finansial 21 September 2027/
Tahap III Tahun 2022 6,95% September 21, 2027 idAAA idAAA 10.210 9.993
Obligasi Berkelanjutan III PLN 1 Agustus 2026/
Tahap IV Tahun 2019 Seri B 8,50% August 1, 2026 idAAA idAAA 10.188 10.195
Obligasi Berkelanjutan IV
WOM Finance Tahap III 11 April, 2026/
Tahun 2023 Seri B 7,00% April 11, 2026 AA+(idn) AA(idn) 10.054 9.933
Obligasi I Pelindo IV 4 Juli 2028/
Tahun 2018 Seri C 9,35% July 4, 2028 idAAA idAAA 9.757 9.555
Obligasi Berkelanjutan II
Sarana Multi Infrastruktur 30 Oktober 2026/
Tahap III Tahun 2019 Seri D 8,30% October 30, 2026 idAAA idAAA 8.199 8.149
Obligasi Berkelanjutan II
Bank Mandiri Tahap I 12 Mei 2027/
Tahun 2020 Seri B 8,30% May 12, 2027 idAAA idAAA 6.230 6.126
Obligasi Berkelanjutan I
Telkom Tahap I 23 Juni, 2030/
Tahun 2015 Seri C 10,60% June 23, 2030 idAAA idAAA 5.878 5.682
Obligasi Berkelanjutan II PLN Tahap III 22 Februari 2033/
Tahun 2018 Seri D 8,20% February 22, 2033 idAAA idAAA 5.466 5.138
Obligasi Berkelanjutan I
Sarana Multi Infrastruktur 18 November, 2026/
Tahap I Tahun 2016 Seri C 8,65% November 18, 2026 idAAA idAAA 5.148 5.119
Obligasi I PELINDO 1
Gerbang Nusantara 21 Juni 2026/
Tahun 2016 Seri D 9,50% June 21, 2026 idAAA idAAA 1.021 1.032
Obligasi Berkelanjutan Indonesia
Eximbank IV Tahap III 8 November 2025/
Tahun 2018 Seri D 9,75% November 8, 2025 - idAAA - 2.040
Obligasi Berkelanjutan II
Sarana Multi Infrastruktur 11 December 2025/
Tahap V Tahun 2020 Seri B 6,70% December 11, 2025 - idAAA - 19.961
Obligasi Berkelanjutan I
Indonesia Infrastructure
Finance Tahap II 21 Oktober 2025/
Tahun 2020 Seri C 6,90% October 21, 2025 - idAAA - 18.974
85
Page 413
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Konvensional/Conventional
(lanjutan/continued)
Rupiah (lanjutan/continued)
Obligasi Korporasi/Corporate Bond
(lanjutan/continued)
Obligasi Berkelanjutan II
Protelindo Tahap I 3 September 2025/
Tahun 2020 Seri B 7,70% September 3, 2025 - AAA(idn) - 5.021
Obligasi Berkelanjutan V
Tower Bersama Infrastructure 11 Agustus, 2025/
Tahap IV Tahun 2022 Seri B 6,35% August 11, 2025 - AA+(idn) - 4.975
Obligasi Berkelanjutan IV Bank 8 Juli 2025/
Maybank Indonesia I 2022 Seri B 6,25% July 8, 2025 - idAAA - 4.980
Obligasi Berkelanjutan II
Pupuk Indonesia Tahap I 3 September, 2025/
Tahun 2020 Seri B 7,70% September 3, 2025 - idAAA - 10.043
Obligasi I Pelindo IV 4 Juli 2025/
Tahun 2018 Seri B 9,15% July 4, 2025 - idAAA - 20.215
Obligasi Berkelanjutan I
Medikaloka Hermina Tahap I 8 September 2025/
Tahun 2020 Seri B 8,50% September 8, 2025 - idAA - 10.073
Obligasi Berkelanjutan II
Mayora Indah Tahap I 9 September 2025/
Tahun 2020 Seri C 7,90% September 9, 2025 - idAA - 20.067
Obligasi Berkelanjutan V
Sarana Multigriya Finansial 14 Juli 2025/
Tahap IV Tahun 2020 Seri B 8,10% July 14, 2025 - idAAA - 30.146
Obligasi Berkelanjutan II
Bank Mandiri Tahap I 12 Mei 2025/
Tahun 2020 Seri A 7,75% May 12, 2025 - idAAA - 8.023
Obligasi Berkelanjutan V
BFI Finance Indonesia 14 April, 2025/
Tahap IV Tahun 2023 Seri B 7,00% April 14, 2025 - AA-(idn) - 9.986
Obligasi Berwawasan Lingkungan
Bank Negara Indonesia 21 Juni 2025/
Tahap I Tahun 2022 6,35% June 21, 2025 - idAAA - 9.971
Sukuk Ijarah Berkelanjutan I
Indosat Tahap II 4 Juni 2025/
Tahun 2015 Seri E 10,40% June 4, 2025 - AA+(idn) - 9.126
Obligasi Berkelanjutan Indonesia
Eximbank IV Tahap III 6 Juni 2025/
Tahun 2018 Seri C 8,30% June 6, 2025 - idAAA - 10.056
Obligasi Berkelanjutan I
Indosat Tahap II 4 Juni 2025/
Tahun 2015 Seri E 10,40% June 4, 2025 - AA+(idn) - 15.205
Obligasi Berkelanjutan II
Indosat Tahap III 3 Mei 2025/
Tahun 2018 Seri D 8,20% May 3, 2025 - idAAA - 15.063
Obligasi Berkelanjutan IV -
Sanf Dengan Tingkat Bunga 10 Juni 2025/
Tetap Tahun I Tahun 2022 Seri B 7,05% June 10, 2025 - idAA - 10.988
Obligasi Berkelanjutan II
Bank BRI Tahap IV 21 Februari 2025/
Tahun 2018 Seri B 6,90% February 21, 2025 - idAAA - 4.000
Obligasi Berkelanjutan V
Tower Bersama Infrastructure 2 Maret 2025/
Tahap III Tahun 2022 Seri B 5,90% March 2, 2025 - AA+(idn) - 5.989
Obligasi Berkelanjutan V
Sarana Multigriya Finansial 18 Februari, 2025/
Tahap III Tahun 2020 Seri B 7,50% February 18, 2025 - idAAA - 10.008
Obligasi Berkelanjutan V
Mandiri Tunas Finance 23 Februari 2025/
Tahap III Tahun 2022 Seri A 5,90% February 23, 2025 - idAAA - 5.992
Obligasi VIII Danareksa 19 Januari 2025/
Tahun 2023 Seri A 7,10% January 19, 2025 - idAA - 19.999
Obligasi Berkelanjutan II
Chandra Asri Petrochemical 12 Februari 2025/
Tahap III Tahun 2020 8,70% February 12, 2025 - idAA- - 30.047
Sub-total 1.118.731 1.369.417
86
Page 414
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
(lanjutan/continued)
Konvensional/Conventional
(lanjutan/continued)
Dolar A.S./U.S. Dollar
Obligasi Negara/Government Bonds*)
11 Januari 2053/
Republic of Indonesia 2053 5,65% January 11, 2053 - - 17.072 15.973
20 September 2052/
Republic of Indonesia 2052 5,45% September 20, 2052 - - 16.724 15.549
23 September 2061/
Republic of Indonesia 2061 3,20% September 23, 2061 - - 10.833 -
8 Januari 2027/
Republic of Indonesia 2027 4,35% January 8, 2027 - - 6.738 -
11 Januari 2028/
Republic of Indonesia 2028 3,50% January 11, 2028 - - 6.641 -
12 Maret 2051/
Republic of Indonesia 2051 3,05% March 12, 2051 - - 5.629 -
8 Januari 2026/
Republic of Indonesia 2026 4,75% January 8, 2026 - - 3.357 3.226
10 September 2054/
Republic of Indonesia 2054 5,15% September 10, 2054 - - 3.278 -
20 September 2027/
Republic of Indonesia 2027 4,15% September 20, 2027 - - 1.682 1.581
Perusahaan Penerbit SBSN 28 Mei 2025/
4,325% 28/05/25 4,33% May 28, 2025 - - - 11.284
15 Januari 2025/
INDON 4 1/8 01/15/25 4,13% January 15, 2025 - - - 8.078
Sub-total 71.954 55.691
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
Obligasi Korporasi/Corporate Bonds
3 Mei 2042/
Pertamina Persero 2042 6,00% May 3, 2042 BBB BBB 68.422 78.841
20 Mei 2043/
Pertamina Persero 2043 5,63% May 20, 2043 BBB BBB 65.789 60.768
Majapahit Holding B,V 29 Juni 2037/
(PLN) 2037 7,88% June 29, 2037 BBB BBB 20.336 19.149
25 Agustus, 2030/
Pertamina Persero 2030 3,10% August 25, 2020 BBB BBB 15.717 14.413
Perusahaan Listrik 24 Oktober 2042/
Negara 2042 5,25% October 24, 2042 BBB BBB 7.180 9.361
25 Agustus 2030/
Bank Mandiri 2025 4,75% August 25, 2030 - BBB - 3.225
Sub-total 177.444 185.757
Pihak berelasi/Related parties
Konvensional/Conventional
Rupiah
Obligasi Korporasi/Corporate Bond
Obligasi Berkelanjutan I Dian Swastatika 5 Juni 2029/
Sentosa II Tahun 2024 Seri C 9,00% June 5, 2029 idAA idAA 59.706 57.168
Obligasi Berkelanjutan I Dian Swastatika 18 April 2029/
Sentosa I Tahun 2024 Seri B 8,75% April 18, 2029 idAA idAA 48.425 46.346
Total Pihak Berelasi 108.131 103.514
Total konvensional/Total conventional 8.372.223 7.585.791
87
Page 415
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Syariah/Sharia
Rupiah
Surat Berharga Syariah
Negara RI (SBSN):*)
15 September 2029/
PBSG001 6,63% September 15, 2029 - - 36.465 -
15 November 2031/
PBS012 8,88% November 15, 2031 - - 33.333 78.473
15 Januari 2027/
PBS003 6,00% January 15, 2027 - - 28.439 22.546
15 Juli 2041/
PBS039 6,63% July 15, 2041 - - 23.260 -
15 Maret 2036/
PBS037 6,88% March 15, 2036 - - 21.105 20.139
15 Juni 2039/
PBS034 6,50% June 15, 2039 - - 20.391 -
15 Maret 2034/
PBS029 6,38% March 15, 2034 - - 13.338 7.799
15 Desember 2049/
PBS038 6,88% December 15, 2049 - - 10.252 9.711
15 Februari, 2037/
PBS004 6,10% February 15, 2037 - - 9.999 9.400
15 Maret 2030/
IFR006 10,25% March 15, 2030 - - 6.939 6.918
15 Oktober 2025/
PBS017 6,13% October 15, 2025 - - - 2.977
15 Agustus 2025/
PBS036 5,38% August 15, 2025 - - - 44.550
203.521 202.513
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
Obligasi Korporasi/Corporate Bond
Sukuk Wakalah BI Al-Istitsmar I
CIMB Niaga Auto Finance 8 Februari, 2026/
Tahun 2023 Seri B 7,15% February 8, 2026 AAA(idn) AA+(idn) 10.023 9.985
Sukuk Mudharabah
Berkelanjutan Indonesia
Eximbank I Tahap II 8 November 2025/
Tahun 2018 Seri D 9,75% November 8, 2025 - idAAA(sy) - 20.450
Sukuk Ijarah Berkelanjutan II
XL AXIATA Tahap I 16 Oktober 2025/
Tahun 2018 Seri D 10,10% October 16, 2025 - AAA(idn) - 10.231
10.023 40.666
Sub-total 213.544 243.179
Syariah - Mudharabah/
Sharia - Mudharabah
Rupiah
Surat Berharga Syariah
Negara RI (SBSN):*)
15 Januari 2027/
PBS003 6.00% January 15, 2027 - - 15.235 -
15 Juli 2028/
PBS030 5,88% July 15, 2028 - - 10.163 9.676
15 Oktober 2025/
PBS017 6,13% October 15, 2025 - - - 9.922
Sub-total 25.398 19.598
Total efek utang/Total debt securities 8.611.165 7.848.568
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
88
Page 416
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Obligasi pemerintah yang dimiliki oleh Government bonds held by the Company
Perusahaan dikeluarkan oleh Republik are issued by Republic of Indonesia, in
Indonesia, dimana obligasi pemerintah which the Republic of Indonesia sovereign
Republik Indonesia dalam Rupiah tidak rating in Rupiah are unrated. While, the
diperingkat. Sedangkan obligasi pemerintah sovereign rating of the Republic of
Republik Indonesia dalam Dolar A.S. Indonesia in U.S. Dollar was rated BBB as
dirating BBB oleh Fitch pada tanggal assigned by Fitch as of December 31, 2025
31 Desember 2025 dan 2024. and 2024.
Seluruh peringkat obligasi korporasi All rating of corporate bonds are based on
berdasarkan Pemeringkat Efek Indonesia Pemeringkat Efek Indonesia (Pefindo),
(Pefindo), Fitch, Moody’s dan S&P Ratings. Fitch, Moody’s and S&P Ratings.
Perubahan nilai tercatat bruto adalah Movement in the gross carrying amount are
sebagai berikut: as follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 7.848.568 - - 7.848.568 Balance at beginning of year
Pengukuran kembali bersih Net remeasurement
nilai tercatat 341.598 - - 341.598 carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli 1.367.425 - - 1.367.425 or purchased
Aset keuangan yang dihentikan Derecognized
pengakuannya (946.426) - - (946.426) financial assets
Saldo akhir tahun 8.611.165 - - 8.611.165 Balance at ending of year
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 6.676.851 - - 6.676.851 Balance at beginning of year
Pengukuran kembali bersih Net remeasurement
nilai tercatat (127.002) - - (127.002) carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli 2.205.835 - - 2.205.835 or purchased
Aset keuangan yang dihentikan Derecognized
pengakuannya (907.116) - - (907.116) financial assets
Saldo akhir tahun 7.848.568 - - 7.848.568 Balance at ending of year
Perubahan penyisihan kerugian penurunan Movement in the allowance for impairment
nilai adalah sebagai berikut: losses are as follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 2.867 - - 2.867 Balance at beginning of year
Pengukuran kembali neto Net remeasurement
penyisihan kerugian 3.195 - - 3.195 of loss allowance
Saldo akhir tahun 6.062 - - 6.062 Balance at ending of year
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 2.280 - - 2.280 Balance at beginning of year
Pengukuran kembali neto Net remeasurement
penyisihan kerugian 587 - - 587 of loss allowance
Saldo akhir tahun 2.867 - - 2.867 Balance at ending of year
89
Page 417
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
d. Surat berharga diukur pada nilai wajar d. Securities carried at fair value through other
melalui penghasilan komprehensif lain comprehensive income (continued)
(lanjutan)
(i) Efek utang (lanjutan) (i) Debt securities (continued)
Penyisihan kerugian kredit ekspektasian Allowance for expected credit losses on
atas efek yang diukur pada nilai wajar securities measured at fair value through
melalui penghasilan komprehensif lain other comprehensive income is recorded
dicatat pada penghasilan komprehensif in other comprehensive income and the
lain, sehingga nilai tercatatnya disajikan carrying amount is stated at fair value.
sebesar nilai wajarnya.
Perusahaan berpendapat bahwa The Company believes that the allowance
penyisihan kerugian penurunan nilai yang for impairment losses as of December 31,
dibentuk pada tanggal 31 Desember 2025 2025 and 2024 is adequate to cover
dan 2024 cukup untuk menutup possible losses arising from uncollectible
kemungkinan kerugian dari investasi - efek investment - debt securities.
utang.
Keuntungan yang belum direalisasi atas Unrealized gain on changes in fair values
perubahan nilai wajar efek utang yang of debt securities caried at fair value
diukur pada nilai wajar melalui penghasilan through other comprehensive income
komprehensif
31 Desember/December 31,
2025 2024
Keuntungan yang belum Unrealized gain on changes
direalisasi atas perubahan in fair values of
nilai wajar efek utang yang debt securities caried at
diukur pada nilai wajar melalui fair value through
penghasilan komprehensif lain 450.623 68.994 other comprehensive income
Pajak penghasilan terkait (40.440) (6.587) Related income tax
e. Surat berharga diukur pada biaya perolehan e. At amortized cost securities
diamortisasi
(i) Efek utang (i) Debt securities
Tingkat Peringkat/Rating Nilai wajar/Fair value
bunga per
tahun (%)/ Tanggal 31 Desember / 31 Desember / 31 Desember / 31 Desember /
Interest rate jatuh tempo/ December 31, December 31, December 31, December 31,
per annum (%) Maturity date 2025 2024 2025 2024
Pihak ketiga/Third parties
Konvensional/Conventional
Rupiah
Obligasi Negara/Government Bonds*)
15 Mei 2033/
FR0065 6,63% May 15, 2033 - - 150.925 149.581
15 Juni 2032/
FR0058 8,25% June 15, 2032 - - 99.909 99.898
15 Februari 2028/
FR0047 10,00% February 15, 2028 - - 56.930 57.732
15 Mei 2028/
FR0064 6,13% May 15, 2028 - - 37.849 37.065
Total efek utang/Total debt securities 345.613 344.276
Penyisihan Kerugian Penurunan Nilai/Allowance for Impairment Losses (248 ) (61)
Neto/Net 345.365 344.215
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
90
Page 418
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
e. Surat berharga diukur pada biaya perolehan e. At amortized cost securities (continued)
diamortisasi (lanjutan)
Obligasi pemerintah yang dimiliki oleh Government bonds held by the Company are
Perusahaan dikeluarkan oleh Republik issued by Republic of Indonesia, in which the
Indonesia, dimana obligasi pemerintah Republic of Indonesia sovereign rating in
Republik Indonesia dalam Rupiah tidak Rupiah are unrated.
diperingkat.
Perubahan nilai tercatat bruto adalah sebagai Movement in the gross carrying amount are as
berikut: follows:
31 Desember/December 31, 2025
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 344.276 - - 344.276 Balance at beginning of year
Pengukuran kembali bersih Net remeasurement
nilai tercatat 1.337 - - 1.337 carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli - - - - or purchased
Aset keuangan yang dihentikan Derecognized
pengakuannya - - - - financial assets
Saldo akhir tahun 345.613 - - 345.613 Balance at ending of year
31 Desember/December 31, 2024
Tahap/Stage 1 Tahap/Stage 2 Tahap/Stage 3 Total
Saldo awal tahun 487.920 - - 487.920 Balance at beginning of year
Pengukuran kembali bersih Net remeasurement
nilai tercatat (143.644) - - (143.644) carrying value
Aset keuangan baru yang New financial asset issued
diterbitkan atau dibeli - - - - or purchased
Aset keuangan yang dihentikan Derecognized
pengakuannya - - - - financial assets
Saldo akhir tahun 344.276 - - 344.276 Balance at ending of year
*)
Obligasi pemerintah tidak diperingkat/Government bonds are unrated
Perubahan penyisihan kerugian penurunan Movement in the allowance for impairment
nilai adalah sebagai berikut: losses are as follows:
31 Desember/December 31, 2025
Stage 1 Stage 2 Stage 3 Total
1 Januari 2024 61 - - 61 January 1, 2024
Pengukuran kembali neto Net remeasurement
penyisihan kerugian 187 - - 187 of loss allowance
31 Desember 2025 248 - - 248 December 31, 2025
31 Desember/December 31, 2024
Stage 1 Stage 2 Stage 3 Total
1 Januari 2023 86 - - 86 January 1, 2023
Pengukuran kembali neto Net remeasurement
penyisihan kerugian (25) - - (25) of loss allowance
31 Desember 2024 61 - - 61 December 31, 2024
Perusahaan berpendapat bahwa penyisihan The Company believes that the allowance for
kerugian penurunan nilai yang dibentuk pada impairment losses as of December 31, 2025
tanggal 31 Desember 2025 dan 2024 cukup and 2024 is adequate to cover possible losses
untuk menutup kemungkinan kerugian dari arising from uncollectible of such investment.
investasi tersebut.
91
Page 419
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. INVESTASI (lanjutan) 5. INVESTMENTS (continued)
f. Jumlah tercatat aset investasi f. Carrying amount of the investment assets
Akun ini merupakan aset investasi dengan This account represents investment assets with
rincian sebagai berikut: details as follows:
31 Desember/December 31,
2025 2024
Aset pendasar Underlying assets
Obligasi pemerintah 7.714.283 6.853.408 Government bonds
Efek utang lainnya 2.592.743 2.074.827 Other debt securities
Efek saham 1.843.620 2.008.264 Equity securities
Reksadana 806.932 899.335 Mutual funds
Deposito berjangka 752.254 716.055 Time deposits
Pinjaman hipotik 2.200 2.823 Mortgage loan
Investasi lainnya Other investments
Obligasi pemerintah 345.365 344.215 Government bonds
Deposito berjangka 19.955 19.943 Time deposits
Total 14.077.352 12.918.870 Total
6. PIUTANG INVESTASI 6. INVESTMENT RECEIVABLES
Piutang investasi merupakan piutang yang berasal Investment receivables represent receivables
dari transaksi investasi yang dilakukan oleh arising from investment transactions performed by
Perusahaan, termasuk piutang atas pendapatan the Company, including interest income receivables.
bunga investasi.
Rincian atas piutang investasi adalah sebagai The details of this account are as follows:
berikut:
31 Desember/December 31,
2025 2024
Piutang penjualan investasi Sale investment receivable
Rupiah Rupiah
Pihak ketiga 7.713 39.420 Third parties
Pihak berelasi - 614 Related Parties
Dolar A.S. U.S. Dollar
Pihak ketiga 41 47 Third parties
Sub-total 7.754 40.081 Sub-total
Piutang hasil investasi Investment income receivable
Pihak ketiga Third parties
Rupiah Rupiah
Efek utang 149.249 123.000 Debt securities
Deposito berjangka 2.601 910 Time deposits
Dolar A.S. U.S. Dollar
Efek utang 2.724 2.432 Debt securities
Deposito berjangka 6 6 Time deposits
Pihak berelasi 2.273 1.520 Related parties
Sub-total 156.853 127.868 Sub-total
Total piutang investasi 164.607 167.949 Total investment receivables
92
Page 420
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG INVESTASI (lanjutan) 6. INVESTMENT RECEIVABLES (continued)
Tingkat suku bunga per tahun deposito berjangka Range of interest rates per annum on time deposits
dan efek utang berkisar antara: and debt securities:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pihak ketiga Third parties
Rupiah 0,00%-12,00% 4,25% - 12,00% Rupiah
Dolar A.S. 3,05%-7,88% 3,10% - 7,88% U.S. Dollar
Pihak berelasi Related parties
Rupiah 6,40%-11,00% 5,50% - 11,50% Rupiah
Manajemen Perusahaan berpendapat bahwa The Company’s management is of the opinion that
seluruh piutang investasi dapat tertagih, sehingga an allowance for impairment losses is not required
tidak perlu dibentuk penyisihan atas kerugian due to all investment receivables are fully collectible.
penurunan nilai.
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI ASSETS AND LIABILITIES
a. Pendapatan Asuransi a. Insurance Revenue
Tabel berikut menyajikan komponen rinci dari The following table presented the detail
pendapatan asuransi dari kontrak asuransi components of insurance revenue of insurance
pada periode pelaporan. contracts as of the reporting period:
31 Desember/December 31, 2025
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Jumlah/Total
Jumlah yang terkait dengan Amounts relating to
perubahan LRC changes in LRC
Klaim yang diharapkan Expected incurred
terjadi dan beban lain claims and other
yang dapat diatribusikan directly attributable
secara langsung 401.118 (1.970) 175.361 104.049 678.558 expenses
Perubahan penyesuaian Change in the risk
risiko untuk risiko adjustment for
non-keuangan pada non-financial risk for
saat risiko kadaluwarsa 8.191 17.213 28.681 4.332 58.417 the risk expired
CSM yang diakui atas CSM recognised for the
jasa yang diberikan 61.455 46.426 96.208 26.368 230.457 services provided
Penyesuaian pengalaman - Experience adjustments-
yang timbul dari premi arising from premiums
yang diterima pada periode received in the period
selain yang terkait dengan other than those
jasa di masa depan - - - - - relate to future service
Jumlah lainnya, termasuk arus Other amounts, including
kas aset yang diakui sebelum other pre-recognition
pengakuan awal yang cash flows assets
telah dihentikan pada derecognised at the date
tanggal pengakuan awal - - - - - of initial recognition
Pemulihan arus kas akuisisi Insurance acquisition
asuransi 163.302 246.947 172.448 101.677 684.374 cash flow recovery
Pendapatan asuransi dari Insurance revenue from
kontrak yang tidak diukur contracts not measured
berdasarkan PAA 634.066 308.616 472.698 236.426 1.651.806 under the PAA
Pendapatan asuransi dari Insurance revenue from
kontrak yang diukur contracts measured
berdasarkan PAA 317.020 - - - 317.020 under the PAA
Jumlah pendapatan asuransi 951.086 308.616 472.698 236.426 1.968.826 Total insurance revenue
93
Page 421
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
a. Pendapatan Asuransi (lanjutan) a. Insurance Revenue (continued)
Tabel berikut menyajikan komponen rinci dari The following table presented the detail
pendapatan asuransi dari kontrak asuransi components of insurance revenue of insurance
pada periode pelaporan. (lanjutan) contracts as of the reporting period: (continued)
31 Desember/December 31, 2024
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Jumlah yang terkait dengan Amounts relating to
perubahan LRC changes in LRC
Klaim yang diharapkan Expected incurred
terjadi dan beban lain claims and other
yang dapat diatribusikan directly attributable
secara langsung 180.436 (17.793) 117.241 109.765 389.649 expenses
Perubahan penyesuaian Change in the risk
risiko untuk risiko adjustment for
non-keuangan pada non-financial risk for
saat risiko kadaluwarsa 6.145 28.209 24.480 5.369 64.203 the risk expired
CSM yang diakui atas CSM recognised for the
jasa yang diberikan 34.766 40.625 114.119 26.661 216.171 services provided
Penyesuaian pengalaman - Experience adjustments-
yang timbul dari premi arising from premiums
yang diterima pada periode received in the period
selain yang terkait dengan other than those
jasa di masa depan - - - - - relate to future service
Jumlah lainnya, termasuk arus Other amounts, including
kas aset yang diakui sebelum other pre-recognition
pengakuan awal yang cash flows assets
telah dihentikan pada derecognised at the date
tanggal pengakuan awal - - - - - of initial recognition
Pemulihan arus kas akuisisi Insurance acquisition
asuransi 165.222 217.930 126.540 110.912 620.604 cash flow recovery
Pendapatan asuransi dari Insurance revenue from
kontrak yang tidak diukur contracts not
berdasarkan PAA 386.569 268.971 382.380 252.707 1.290.627 measured under the PAA
Pendapatan asuransi dari Insurance revenue
kontrak yang diukur from contracts
berdasarkan PAA 263.620 - - - 263.620 measured under the PAA
Jumlah pendapatan asuransi 650.189 268.971 382.380 252.707 1.554.247 Total insurance revenue
94
Page 422
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
b. Beban Jasa Asuransi b. Insurance Service Expense
Perusahaan menyajikan beban jasa asuransi The Company presented the insurance service
sebagai satu item baris dalam laporan posisi expense as one line item in the Statement of
keuangan. Komponen-komponen beban jasa Financial Position. The components of
asuransi ditunjukkan di bawah ini. insurance service expense are shown below.
31 Desember/December 31, 2025
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Klaim yang terjadi dan beban Incurred claims and
yang dapat diatribusikan other directly attributable
secara langsung lainnya (877.080) (38.906) (137.412) (122.514) (1.175.912) expenses
Aset arus kas lainnya yang Other pre-recognition
telah diakui sebelumnya cash flows
yang dihentikan assets derecognised
pengakuannya pada tanggal at the date of
pengakuan awal - - - - - initial recognition
Perubahan yang terkait dengan Changes that relate
jasa lalu perubahan dalam to past service changes in
FCF yang terkait dengan LIC (38.235) (6.805) 23.162 19.652 (2.226) FCF relating to the LIC
Kerugian dari kontrak yang Losses on onerous
merugi dan pembalikan contracts and reversal
kerugian tersebut (65.942) (85.718) (31.162) (5.429) (188.251) of those losses
Amortisasi dan penurunan Insurance acquisition cash
nilai arus kas flows amortization
akuisisi asuransi (180.204) (199.220) (185.916) (101.677) (667.017) and impairment
Jumlah beban Total insurance
jasa asuransi (1.161.461) (330.649) (331.328) (209.968) (2.033.406) service expenses
31 Desember/December 31, 2024
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Klaim yang terjadi dan beban Incurred claims and
yang dapat diatribusikan other directly
secara langsung lainnya (554.271) (11.579) (39.028) (96.902) (701.780) attributable expenses
Aset arus kas lainnya Other pre-recognition
yang telah diakui cash flows assets
sebelumnya yang derecognised at the date
dihentikan pengakuannya - - - - - of initial recognition
Perubahan yang terkait dengan Changes that relate
jasa lalu perubahan dalam to past service changes in
FCF yang terkait dengan LIC 8.103 15.074 (37.425) (21.981) (36.229) FCF relating to the LIC
Kerugian dari kontrak yang Losses on onerous
merugi dan pembalikan contracts and reversal
kerugian tersebut (54.294) (27.762) (70.774) 4.680 (148.150) of those losses
Amortisasi dan penurunan Insurance acquisition cash
nilai arus kas flows amortization
akuisisi asuransi (165.222) (217.930) (124.042) (110.912) (618.106) and impairment
Jumlah beban Total insurance
jasa asuransi (765.684) (242.197) (271.269) (225.115) (1.504.265) service expenses
95
Page 423
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
c. Pendapatan (beban) bersih dari kontrak c. Net income (expenses) from reinsurance
reasuransi yang dimiliki contracts held
Perusahaan memilih untuk menyajikan The Company chose to presented the income
pendapatan dan beban dari kontrak reasuransi and expenses from reinsurance contracts held
yang dimiliki (tidak termasuk pendapatan dan (excluding the insurance finance income and
beban keuangan asuransi) sebagai jumlah expenses) as a single amount in the Statement
tunggal dalam Laporan Posisi Keuangan. of Financial Position. The components of net
Komponen pendapatan (beban) bersih dari income (expense) from reinsurance contracts
kontrak reasuransi yang dimiliki ditunjukkan di held are shown below.
bawah ini.
31 Desember/December 31, 2025
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Beban reasuransi-kontrak Reinsurance expenses-
yang diukur contracts measured
berdasarkan PAA 97 (125) (4.535 ) (15.293) (19.856) under the PAA
Beban lain yang dapat Other incurred directly
diatribusikan secara langsung 200 (983) (4.427 ) 2.291 (2.919) attributable expenses
Dampak perubahan risiko Effects of changes in the risk of
non- kinerja reasuradur - 300 2.283 2.210 4.793 reinsurers' non-performance
Total beban neto dari kontrak Total net expense from
reasuransi yang dimiliki 297 (808) (6.679 ) (10.792) (17.982) reinsurance contracts held
Perusahaan memilih untuk menyajikan The Company chose to presented the income
pendapatan dan beban dari kontrak reasuransi and expenses from reinsurance contracts held
yang dimiliki (tidak termasuk pendapatan dan (excluding the insurance finance income and
beban keuangan asuransi) sebagai jumlah expenses) as a single amount in the Statement
tunggal dalam Laporan Posisi Keuangan. of Financial Position. The components of net
Komponen pendapatan (beban) bersih dari income (expense) from reinsurance contracts
kontrak reasuransi yang dimiliki ditunjukkan di held are shown below. (Continued
bawah ini. (lanjutan)
31 Desember/December 31, 2024
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Beban reasuransi-kontrak Reinsurance expenses-
yang diukur contracts measured
berdasarkan PAA (17.947) (6.795) (15.614) (29.075) (69.431) under the PAA
Beban lain yang dapat Other incurred directly
diatribusikan secara langsung - - - - - attributable expenses
Dampak perubahan risiko Effects of changes in the risk of
non- kinerja reasuradur reinsurers' non-performance
Pemulihan klaim yang terjadi 13.233 3.000 616 27.297 44.146 Incurred claims recovery
Total beban neto dari kontrak Total net expense from
reasuransi yang dimiliki (4.714) (3.795) (14.998) (1.778) (25.285) reinsurance contracts held
96
Page 424
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (CONTINUED)
d. Pendapatan (beban) keuangan dari kontrak d. Finance income (expenses) from insurance
asuransi yang diterbitkan contracts issued
Perusahaan menyajikan pendapatan/beban The Company presented the insurance finance
keuangan asuransi dari kontrak asuransi dan income/expenses from insurance contracts and
kontrak reasuransi yang dimiliki secara terpisah reinsurance contracts held separately in the
dalam laporan laba rugi penghasilan statement of profit or loss and other
komprehensif lain. Komponen-komponennya comprehensive income. The components of
ditunjukkan di bawah ini. insurance service expense are shown below.
31 Desember/December 31, 2025
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Perubahan nilai aset pendasar Changes in value of underlying
dari kontrak yang diukur assets of contracts
berdasarkan VFA - (287.428) - - (287.428) measured under the VFA
Bunga akresian (9.464) - (66.976) (36.808) (113.248) Interest accreted
Pengaruh perubahan suku Effect of changes in
bunga dan asumsi interest rates and other
keuangan lainnya (655) - (124.629 ) (23.706) (148.990) financial assumptions
Efek perubahan dalam Effect of changes in FCF
FCF pada tarif at current rates when
saat ini ketika CSM CSM is unlocked at
dibuka pada tarif terkunci (384) - 6.598 (999) 5.215 locked-in rates
Perbedaan kurs Foreign exchange
valuta asing - - (4.101) - (4.101) difference
Pendapatan (beban) Finance income (expenses)
Keuangan dari kontrak from insurance
Asuransi yang diterbitkan (10.503) (287.428) (189.108) (61.513) (548.552) contracts issued
31 Desember/December 31, 2024
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Perubahan nilai aset pendasar Changes in value of underlying
dari kontrak yang diukur assets of contracts
berdasarkan VFA - 47.529 - - 47.529 measured under the VFA
Bunga akresian (5.630) - (75.889) (41.299) (122.818) Interest accreted
Pengaruh perubahan suku Effect of changes in
bunga dan asumsi interest rates and other
keuangan lainnya 168 - 73.471 8.301 81.940 financial assumptions
Efek perubahan dalam Effect of changes in FCF
FCF pada tarif at current rates when
saat ini ketika CSM CSM is unlocked at
dibuka pada tarif terkunci (70) - (14.099) 538 (13.631) locked-in rates
Perbedaan kurs Foreign exchange
valuta asing - - (5.459) - (5.459) difference
Pendapatan (beban) Finance income (expenses)
Keuangan dari kontrak from insurance
Asuransi yang diterbitkan (5.532) 47.529 (21.976) (32.460) (12.439) contracts issued
e. Beban yang dikeluarkan dirinci berdasarkan e. Expenses incurred broken down by nature of
sifat beban expenses
Beban yang diatribusikan pada arus kas Expenses attributed to insurance acquisition
akuisisi asuransi dan beban lain yang dapat cash flows and other directly attributable
diatribusikan langsung mencakup beban yang expenses comprise expenses incurred by the
dikeluarkan oleh Perusahaan dalam periode Company in the reporting period that relate
pelaporan yang berkaitan langsung dengan directly to the fulfillment of contracts issued
pemenuhan kontrak yang diterbitkan dalam within PSAK 117 scope and reinsurance
lingkup PSAK 117 dan kontrak reasuransi yang contracts held.
dimiliki.
97
Page 425
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
e. Beban yang dikeluarkan dirinci berdasarkan e. Expenses incurred broken down by nature of
sifat beban (lanjutan) expenses (continued)
Perusahaan mengungkapkan analisis beban The Company disclosed the analysis of
yang dikeluarkan dalam periode pelaporan expenses incurred in the reporting period are as
adalah sebagai berikut: follows:
31 Desember/December 31, 2025
Beban yang
Dapat
diatributsikan
pada arus kas
perolehan Beban lain
asuransi/Exp yang dapat
attributable to diatribusikan Beban
insurance langsung/ operasional lain/
acquisition Other directly Other operating
cash flow attributable exp expenses Total
Beban akuisisi 586.438 222.923 - 809.361 Acquisition expenses
Beban kesejahteraan Employee and agent
Karyawan dan agen 146.573 63.433 77.858 287.864 welfare expenses
Beban pemasaran 83.024 (25) 746 83.745 Marketing expenses
Beban umum dan operasional 12.677 12.461 16.894 42.032 General and operational expenses
Beban teknologi informasi 24.569 15.109 16.903 56.581 Information technology expenses
Amortisasi properti dan Amortization of property
Peralatan (termasuk and equipment
Penurunan nilai) 5.574 2.812 3.103 11.489 (including impairment)
Beban overhead kantor pusat 6.144 3.396 3.745 13.285 Head-office overjead expenses
Beban professional - (104) 18.123 18.019 Professional expenses
Beban hukum - - 137.799 137.799 Legal expenses
Beban program pension Defined benefit pension
manfaat pasti 6.608 3.701 4.353 14.662 program expenses
Amortisasi aset tidak berwujud Amortization of intangible assets
(termasuk penurunan nilai) 2.187 1.326 1.471 4.984 (including impairment)
Beban pendidikan Education and training
dan pelatihan 1.585 280 1.970 3.835 expenses
Beban sewa 5.115 3.012 3.342 11.469 Rent expenses
Beban inspeksi Inspection and investigation
dan investigasi - 146 - 146 expense
Jumlah 880.494 328.470 286.306 1.495.271 Total
31 Desember/December 31, 2024
Beban yang
Dapat
diatributsikan
pada arus kas
perolehan Beban lain
asuransi/Exp yang dapat
attributable to diatribusikan Beban
insurance langsung/ operasional lain/
acquisition Other directly Other operating
cash flow attributable exp expenses Total
Beban akuisisi 654.332 102.471 - 756.803 Acquisition expenses
Beban kesejahteraan Employee and agent
Karyawan dan agen 135.237 57.424 72.825 265.486 welfare expenses
Beban pemasaran 82.219 1.740 3.906 87.865 Marketing expenses
Beban umum dan operasional 739 21.879 13.280 35.898 General and operational expenses
Beban teknologi informasi 19.104 10.366 11.114 40.584 Information technology expenses
Amortisasi properti dan Peralatan Amortization of property and
(termasuk Penurunan nilai) 5.384 2.921 3.132 11.437 equipment (including impairment)
Beban overhead kantor pusat 7.844 4.257 4.563 16.664 Head-office overjead expenses
Beban professional - - 14.163 14.163 Professional expenses
Beban hukum 57 31 49.267 49.355 Legal expenses
Beban program pension Defined benefit pension
manfaat pasti 5.907 2.866 3.411 12.184 program expenses
Amortisasi aset tidak berwujud Amortization of intangible assets
(termasuk penurunan nilai) 1.645 892 957 3.494 (including impairment)
Beban pendidikan dan pelatihan 2.119 941 3.236 6.296 Education and training expenses
Beban sewa 1.344 729 782 2.855 Rent expenses
Beban inspeksi dan investigasi 159 181 92 432 Inspection and investigation expense
Jumlah 916.090 206.698 180.728 1.303.516 Total
98
Page 426
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
f. Kontrak Asuransi - Analisa berdasarkan f. Insurance contracts - Analysis by measurement
pengukuran (Non-PAA) components (Non-PAA)
Perusahaan menyajikan kontrak asuransi yang The Company presented insurance contracts
merupakan aset dan yang merupakan liabilitas, that are assets and those that are liabilities, with
dengan kontrak reasuransi yang merupakan the reinsurance contracts assets that are
aset dan yang merupakan liabilitas secara assets and those that are liabilities separately
terpisah dalam Laporan posisi keuangan. in the Statement of Financial Position.
Di bawah ini adalah aset kontrak asuransi dan Below are the insurance contracts assets and
liabilitas kontrak asuransi per komponen insurance contracts liabilities by measurement
pengukuran. components.
31 Desember/December 31, 2025
Nilai kini dari Penyesuaian
arus kas risiko untuk
masa depan/ risiko
Present Value non-keuangan/ Marjin jasa
of future Risk adjustment kontraktual/
cash flow non-financial CSM Total
Liabilitas kontrak asuransi Insurance contract liabilities
pada 1 JanuarI 4.036.816 130.788 740.539 4.908.143 as at January 1
Aset kontrak asuransi Insurance contract assets
pada 1 Januari - - - - as at January 1
Liabilitas (asset) kontrak Net Insurance contract
Asuransi, neto liabilities (assets), net
pada 1 JanuarI 2025 4.036.816 130.788 740.539 4.908.143 as at January 1, 2025
Perubahan yang terkait Changes that relate to
dengan jasa kini current service
CSM yang diakui atas CSM recognised for the
jasa yang diberikan - - (230.457) (230.457) services provided
Perubahan dalam penyesuaian Change in the risk
risiko untuk risiko adjustment for
non-keuangan untuk non-financial risk for
risiko yang telah kadaluwarsa - (58.417) - (58.417) the risk expired
Penyesuaian pengalaman Experience adjustments-
yang terkait dengan relating to insurance
beban jasa asuransi 166.050 (5.455) - 160.595 service expenses
166.050 (63.872) (230.457) (128.279)
Perubahan yang terkait Changes that relate to
dengan jasa masa depan future service
Perubahan estimasi yang Changes in estimates that
menyesuaikan CSM (791.978) 1.024.042 (232.064) - adjust the CSM
Perubahan estimasi yang Changes in estimate that results
mengakibatkan kerugian in onerous contract
kontrak yang merugi atau losses or reversal
pembalikan kerugian tersebut 1.211.837 (1.014.668) - 197.169 of such losses
Kontrak yang awalnya diakui Contracts initially recognised
pada periode berjalan (722.880) 47.994 679.436 4.550 in the period
Penyesuaian pengalaman - Experience adjustments-arising
yang timbul dari premi yang from premiums received
diterima pada periode yang in the period
berhubungan dengan that relate to
jasa masa depan 210.189 - (210.189) - future service
(92.832) 57.368 237.183 201.719
Perubahan yang terkait Changes that relate to
dengan jasa masa lalu past service
Perubahan dalam FCF yang Changes in the FCF relating
terkait dengan LIC 2.226 - - 2.226 to the LIC
Penyesuaian pengalaman - Experience adjustments-arising
yang timbul dari premi yang from premiums received
diterima pada periode yang in the period
berhubungan dengan that relate to
jasa masa lalu - - - - past service
Hasil jasa asuransi 75.444 (6.504) 6.726 75.666 Insurance service result
Beban (penghasilan) keuangan Finance (income) expenses
dari kontrak asuransi from insurance
yang diterbitkan 434.082 14.298 100.172 548.552 contracts issued
Jumlah total yang diakui Total amounts
dalam penghasilan recognized in
komprehensif 509.526 7.794 106.898 624.218 comprehensive income
99
Page 427
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
f. Kontrak Asuransi - Analisa berdasarkan f. Insurance contracts - Analysis by measurement
pengukuran (Non-PAA) (lanjutan) components (Non-PAA) (continued)
Di bawah ini adalah aset kontrak asuransi dan Below are the insurance contracts assets and
liabilitas kontrak asuransi per komponen insurance contracts liabilities by measurement
pengukuran. (lanjutan) components. (continued)
31 Desember/December 31, 2025
Nilai kini dari Penyesuaian
arus kas risiko untuk
masa depan/ risiko
Present Value non-keuangan/ Marjin jasa
of future Risk adjustment kontraktual/
cash flow non-financial CSM Total
Arus kas akuisisi asuransi asset Insurance acquisition
dan arus kas pra-pengakuan cash flows assets
lainnya yang dihentikan and other pre-recognition
pengakuannya dan cash flows derecognised
perubahan lainnya - - - - and other changes
Arus Kas Cash Flows
Premi yang diterima 4.128.882 - - 4.128.882 Premium received
Klaim dan beban yang dapat Claims and other
diatribusikan secara langsung Directly attributable
lainnya yang dibayarkan (2.740.278) - - (2.740.278) expenses paid
Arus kas akuisisi asuransi (811.693) - - (811.693) Insurance acquisition cash flows
Jumlah arus kas 576.911 - - 576.911 Total cash flows
Liabilitas (aset) Insurance contracts
kontrak asuransi liabilities (assets)
pada 31 Desember 2025 5.123.253 138.582 847.437 6.109.272 as at 31 Desember, 2025
31 Desember/December 31, 2024
Nilai kini dari Penyesuaian
arus kas risiko untuk
masa depan/ risiko
Present Value non-keuangan/ Marjin jasa
of future Risk adjustment kontraktual/
cash flow non-financial CSM Total
Liabilitas kontrak asuransi Insurance contract liabilities
pada 1 Januari 4.756.518 167.275 609.421 5.533.214 as at January 1
Aset kontrak asuransi Insurance contract assets
pada 1 Januari - - - - as at January 1
Liabilitas (aset) kontrak Net Insurance contract
asuransi bersih liabilities (assets)
pada 1 JanuarI 2024 4.756.518 167.275 609.421 5.533.214 as at January 1, 2024
Perubahan yang terkait Changes that relate to
dengan jasa kini current service
CSM yang diakui atas CSM recognised for the
jasa yang diberikan - - (216.172) (216.172) services provided
Perubahan dalam penyesuaian Change in the risk
risiko untuk risiko adjustment for
non-keuangan untuk non-financial risk for
risiko yang telah kadaluwarsa - (64.203) - (64.203) the risk expired
Penyesuaian pengalaman Experience adjustments-
yang terkait dengan relating to insurance
beban jasa asuransi (9.734) - - (9.734) service expenses
(9.734) (64.203) (216.172) (290.109)
100
Page 428
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
f. Kontrak Asuransi - Analisa berdasarkan f. Insurance contracts - Analysis by measurement
pengukuran (Non-PAA) (lanjutan) components (Non-PAA) (continued)
Di bawah ini adalah aset kontrak asuransi dan Below are the insurance contracts assets and
liabilitas kontrak asuransi per komponen insurance contracts liabilities by measurement
pengukuran. (lanjutan) components. (continued)
31 Desember/December 31, 2024
Nilai kini dari Penyesuaian
arus kas risiko untuk
masa depan/ risiko
Present Value non-keuangan/ Marjin jasa
of future Risk adjustment kontraktual/
cash flow non-financial CSM Total
Perubahan yang terkait Changes that relate to
dengan jasa masa depan future service
Perubahan estimasi yang Changes in estimates that
menyesuaikan CSM 411.123 (477.039) 65.916 - adjust the CSM
Perubahan estimasi yang Changes in estimate that results
mengakibatkan kerugian in onerous contract
kontrak yang merugi atau losses or reversal
pembalikan kerugian tersebut (298.335) 427.397 - 129.062 of such losses
Kontrak yang awalnya diakui Contracts initially recognised
pada periode berjalan (566.096) 68.531 514.524 16.959 in the period
Penyesuaian pengalaman - Experience adjustments-arising
yang timbul dari premi yang from premiums received
diterima pada periode yang in the period
berhubungan dengan that relate to
jasa masa depan 114.548 - (114.548) - future service
(338.760) 18.889 465.892 146.021
Perubahan yang terkait Changes that relate to
dengan jasa masa lalu past service
Perubahan dalam FCF yang Changes in the FCF relating
Terkait dengan LIC 36.230 - - 36.230 to the LIC
Penyesuaian pengalaman - Experience adjustments-arising
yang timbul dari premi yang from premiums received
diterima pada periode yang in the period
berhubungan dengan that relate to
jasa masa lalu - - - - past service
36.230 - - 36.230
Hasil jasa asuransi (312.264) (45.314) 249.720 (107.858) Insurance service result
Beban (penghasilan) keuangan Finance (income) expenses
dari kontrak asuransi from insurance
yang diterbitkan 122.214 8.827 (118.602) 12.439 contracts issued
Jumlah total yang diakui Total amounts
dalam penghasilan recognized in
komprehensif (190.050) (36.487) 131.118 (95.419) comprehensive income
101
Page 429
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
f. Kontrak Asuransi - Analisa berdasarkan f. Insurance contracts - Analysis by measurement
pengukuran (Non-PAA) (lanjutan) components (Non-PAA) (continued)
Di bawah ini adalah aset kontrak asuransi dan Below are the insurance contracts assets and
liabilitas kontrak asuransi per komponen insurance contracts liabilities by measurement
pengukuran. (lanjutan) components. (continued)
31 Desember/December 31, 2024
Nilai kini dari Penyesuaian
arus kas risiko untuk
masa depan/ risiko
Present Value non-keuangan/ Marjin jasa
of future Risk adjustment kontraktual/
cash flow non-financial CSM Total
Arus kas akuisisi asuransi asset Insurance acquisition
dan arus kas pra-pengakuan cash flows assets
lainnya yang dihentikan and other pre-recognition
pengakuannya dan cash flows derecognised
perubahan lainnya - - - - and other changes
Arus Kas Cash Flows
Premi yang diterima 3.044.569 - - 3.044.569 Premium received
Klaim dan beban yang dapat Claims and other
diatribusikan secara langsung directly attributable
lainnya yang dibayarkan (2.693.021) - - (2.693.021) expenses paid
Arus kas akuisisi asuransi (881.200) - - (881.200) Insurance acquisition cash flows
Jumlah arus kas (529.652) - - (529.652) Total cash flows
Liabilitas kontrak asuransi Insurance contracts liabilities
pada akhir periode 4.036.816 130.788 740.539 4.908.143 at the end of period
Kontrak asuransi yang merupakan Insurance contracts that are
liabilitas pada akhir periode 4.036.816 130.788 740.539 4.908.143 liabilities at end of period
Kontrak asuransi yang merupakan Insurance contracts that are
aset pada akhir periode - - - - assets at end of period
Liabilitas (aset) Insurance contracts
kontrak asuransi liabilities (assets)
pada 31 Desember 2024 4.036.816 130.788 740.539 4.908.143 as at 31 Desember, 2024
g. Kontrak Asuransi - Rekonsiliasi perubahan g. Insurance Contracts - Reconciliation of
kontrak asuransi berdasarkan pertanggungan changes in insurance contracts by remaining
yang tersisa dan kejadian klaim coverage and incurred claims
Di bawah ini ditunjukkan pergerakan aset bersih Below shown the movement of net assets or
atau liabilitas untuk kontrak asuransi yang liabilities for insurace contracts issued, that is
diterbitkan, yang menunjukkan rincian liabilitas showing the detail of liabilities for remaining
atas sisa masa pertanggungan dan liabilitas coverage and liabilities incurred claims
atas kejadian klaim secara terpisah. separately.
102
Page 430
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
g. Kontrak Asuransi - Rekonsiliasi perubahan g. Insurance Contracts - Reconciliation of
kontrak asuransi berdasarkan pertanggungan changes in insurance contracts by remaining
yang tersisa dan kejadian klaim (lanjutan) coverage and incurred claims (continued)
31 Desember/December 31, 2025
Liabilitas atas sisa LIC untuk kontrak
masa pertanggungan/ di bawah PAA/
Liability for remaining LIC for contracts
coverage under PAA
Tidak LIC untuk
Termasuk kontrak
komponen yang tidak
kerugian/ Komponen berdasarkan Penyesuaian
Exckuding kerugian/ PAA/LIC for risiko/
loss Loss contract not Risk
component component under PAA PVFCF adjusment Total
Liabilitas kontrak
asuransi Insurance contract liabilities
pada 1 JanuarI 3.991.880 519.163 427.654 22.919 4.961.616 as at January 1
Aset kontrak
asuransi Insurance contract assets
pada 1 Januari - - - - - - as at January 1
Liabilitas (aset)
kontrak Net Insurance
asuransi bersih contract
pada liabilities (assets)
1 JanuarI 2025 3.991.880 519.163 427.654 22.919 - 4.961.616 as at January 1, 2025
Pendapatan asuransi (1.968.826) - - - - (1.968.826) Insurance revenue
Klaim yang timbul
dan biaya lain Incurred
yang dapat claim and other
diatribusikan directly and
secara langsung - (217.675) 1.087.960 305.627 - 1.175.912 attributable expenses
Perubahan yang Changes
berhubungan dengan that relate
jasa masa lalu - - - - - - to past service
Perubahan FCF yang
berhubungan Changes in FCF
dengan LIC - - (3.349) 5.575 - 2.226 relating to LIC
Kerugian atas kontrak yang Losses on onerous contracts
merugi dan pembalikan and reversal
kerugian tersebut - 188.251 - - - 188.251 of those losses
Amortisasi arus kas Insurance acquisition
akuisisi asuransi 667.017 - - - - 667.017 cash flows amortisations
Biaya Jasa Asuransi 667.017 (29.424) 1.084.611 311.202 - 2.033.406 Insurance Services Expenses
Hasil Jasa Asuransi (1.301.809) (29.424) 1.084.611 311.202 - 64.580 Insurance Service Result
Pendapatan/beban Finance income/expense
keuangan dari from
kontrak asuransi insurance contract
yang diterbitkan issued
diakui dalam recognised in
laba komprehensif 539.189 9.363 - - - 548.552 comprehensive income
Jumlah total diakui dalam Total amount recognised
Hasil Jasa Asuransi (762.620) (20.061) 1.084.611 311.202 - 613.132 in comprehensive income
Komponen investasi (1.680.329) - 1.680.329 - - - Investment component
Arus kas akuisisi Insurance acquisition cash flows
asuransi asset assets and other
dan arus kas pre-recognition
pra-pengakuan cash flows
lainnya yang dihapus derecognized
pengakuannya dan and
perubahan lainnya - - - - - - other changes
103
Page 431
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
g. Kontrak Asuransi - Rekonsiliasi perubahan g. Insurance Contracts - Reconciliation of
kontrak asuransi berdasarkan pertanggungan changes in insurance contracts by remaining
yang tersisa dan kejadian klaim (lanjutan) coverage and incurred claims (continued)
31 Desember/December 31, 2025
Liabilitas atas sisa LIC untuk kontrak
masa pertanggungan/ di bawah PAA/
Liability for remaining LIC for contracts
coverage under PAA
Tidak LIC untuk
Termasuk kontrak
komponen yang tidak
kerugian/ Komponen berdasarkan Penyesuaian
Exckuding kerugian/ PAA/LIC for risiko/
loss loss contract not Risk
component component under PAA PVFCF adjusment Total
Arus Kas Cash Flows
Premi diterima 4.447.716 - - - - 4.447.716 Premium received
Klaim dan biaya lain yang Claims and other directly
dapat diatribusikan directly attributable
langsung dibayarkan - - (2.723.681) (305.627) - (3.029.308) expenses paid
Arus kas akuisisi Insurance acquisition
Asuransi (828.711) - - - - (828.711) cash flows
Jumlah arus kas 3.619.005 - (2.723.681) (305.627) - 589.697 Total cash flows
Kontrak asuransi Insurance contract
liabilitas (aset) pada liabilities (assets) at
31 Desember 2025 5.167.936 499.102 468.913 28.494 - 6.164.445 December 31, 2025
31 Desember/December 31, 2024
Liabilitas atas sisa LIC untuk kontrak
masa pertanggungan/ di bawah PAA/
Liability for remaining LIC for contracts
coverage under PAA
Tidak LIC untuk
termasuk kontrak
komponen yang tidak
kerugian/ Komponen berdasarkan Penyesuaian
Excluding kerugian/ PAA/LIC for risiko/
loss loss contracts not Risk
component component under PAA PVFCF adjustment Total
Liabilitas kontrak asuransi Insurance contracts liabilities
pada 1 Januari 4.527.099 624,005 394.380 31.022 - 5.576.506 as at January 1
Aset kontrak asuransi Insurance contract assets
pada 1 Januari - - - - - - as at January 1
Liabilitas (aset) kontrak Net insurance contract
asuransi bersih liabilites (assets)
pada 1 Januari 2024 4.527.099 624.005 394.380 31.022 - 5.576.506 as January 1, 2024
Pendapatan asuransi (1.554.247) - - - - (1.554.247) Insurance revenue
Beban asuransi Insurance expense
Klaim yang timbul dan biaya lain Incurred claim and other
yang dapat diatribusikan directly attributable
secara langsung 2.128 (250.175) 630.459 319.368 - 701.780 expenses
Perubahan yang berhubungan Changes that relate
dengan jasa masa lalu – to past service
Perubahan FCF yang changes in the FCF
berhubungan dengan LIC - - 44.332 (8.103) - 36.229 relating to LIC
Kerugian atas kontrak yang Losses on onerous
merugi dan pembalikan contracts and reversals
kerugian tersebut 35.701 112.449 - - - 148.150 of those losses
Amortisasi arus kas Insurance acquisition
akuisisi asuransi 618.106 - - - - 618.106 cash flows amortisation
Biaya Jasa Asuransi 655.935 (137.726) 674.791 311.265 - 1.504.265 Insurance Services Expenses
Hasil Jasa Asuransi (898.312) (137.726) 674.791 311.265 - (49.982) Insurance Services Result
104
Page 432
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
g. Kontrak Asuransi - Rekonsiliasi perubahan g. Insurance Contracts - Reconciliation of
kontrak asuransi berdasarkan pertanggungan changes in insurance contracts by remaining
yang tersisa dan kejadian klaim (lanjutan) coverage and incurred claims (continued)
31 Desember/December 31, 2024
Liabilitas atas sisa LIC untuk kontrak
masa pertanggungan/ di bawah PAA/
Liability for remaining LIC for contracts
coverage under PAA
Tidak LIC untuk
termasuk kontrak
komponen yang tidak
kerugian/ Komponen berdasarkan Penyesuaian
Excluding kerugian/ PAA/LIC for risiko/
loss loss contracts not Risk
component component under PAA PVFCF adjustment Total
Pendapatan/beban keuangan Finance income
dari kontrak asuransi (expenses) from
yang diterbitkan (20.445) 32.884 - - - 12.439 insurance contract issued
Jumlah total diakui dalam Total amount recognised in
pendapatan komprehensif (918.757) (104.842) 674.791 311.265 - (37.543) comprehensive income
Komponen investasi (2.051.504) - 2.051.504 - - - Investment component
Arus kas akuisisi asuransi aset Insurance acquisition cash
dan arus kas pra-pengakuan flows asset and other
lainnya yang dihapus pre-recognition cash
pengakuannya dan flows derecognised
perubahan lainnya - - - - - - and other changes
Arus Kas Cash Flows
Premi diterima 3.318.371 - - - - 3.318.371 Premium received
Klaim dan biaya lain yang - - (2.693.021) (319.368) - (3.012.389) Claims and other
dapat diatribusikan directly attributable
langsung dibayarkan expenses paid
Arus kas akuisisi Insurance acquisition
asuransi (883.329) - - - - (883.329) cash flows
Jumlah arus kas 2.435.042 - (2.693.021) (319.368) - (577.347) Total cash flows
Kontrak asuransi Insurance contract
liabilitas (aset) pada liabilities (assets) at
31 Desember 2024 3.991.880 519.163 427.654 22.919 - 4.961.616 December 31, 2024
105
Page 433
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
h. Kontrak Reasuransi - Rekonsiliasi perubahan h. Reinsurance Contracts held - Reconciliation of
dalam kontrak reasuransi berdasarkan changes in reinsurance contracts held by
pertanggungan yang tersisa dan kejadian klaim remaining coverage and incurred claims
Di bawah ini ditunjukkan pergerakan aset bersih Below shown the movement of net assets or
atau liabilitas untuk kontrak asuransi yang liabilities for reinsurace contracts held, that is
diterbitkan, yang menunjukkan rincian liabilitas showing the detail of liabilities for remaining
atas pertanggungan dan liabilitas atas kejadian coverage and liabilities incurred claims
klaim secara terpisah. separately.
31 Desember/December 31, 2025
Sisa masa Klaim yang terjadi
pertanggungan/ untuk kontrak di bawah PAA/
Remaining incurred claims for
coverage contracts under PAA
Klaim
Tidak yang terjadi
termasuk untuk kontrak
komponen Komponen di bawah PAA/
kerugian/ pemulihan Incurred
Excluding kerugian/ claims for
loss recovery Loss Recovery contracts not
component component under PAA PVFCF RA Total
Aset kontrak reasuransi Reinsurance contract assets
pada 1 JanuarI as at January 1
Liabilitas kontrak Reinsurance contracts
reasuransi liabilities
pada 1 Januari (60.624) - - 56.836 - (3.788) as at January 1
Aset (liabilitas) bersih Net reinsurance contract
kontrak reasuransi assets (liabilities) at
pada 1 Januari 2025 (60.624) - - 56.836 - (3.788) January 1, 2025
Pendapatan (beban) Net income (expenses)
bersih dari from
kontrak reasuransi reinsurance
yang dimiliki contracts held
Biaya reasuransi (19.856) - - - - (19.856) Reinsurance expenses
Beban lain yang dapat Other incurred
diatribusikan directly attributable
secara langsung - - - - - - expenses
Pemulihan klaim
yang terjadi - - - 4.793 - 4.793 Incurred claims recovery
Dampak perubahan risiko Effect of changes in the risk of
wanprestasi reasuransi - - - (2.919) - (2.919) reinsurers'non-performance
Pendapatan (beban) bersih Net income (expenses)
dari kontrak reasuransi from reinsurance
yang dimiliki (19.856) - - 1.874 - (17.982) contracts held
Pendapatan (beban) keuangan Finance income (expenses)
dari kontrak reasuransi from reinsurance
yang dimiliki contracts held
Jumlah total yang diakui dalam Total amounts recognised
penghasilan komprehensif in comprehensive income
Komponen investasi Investment components
Arus kas pra-pengakuan yang Other pre-recognition
dihapus pengakuannya cashflows derecognized
dan perubahan lainnya and other changes
106
Page 434
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (CONTINUED)
h. Kontrak Reasuransi - Rekonsiliasi perubahan h. Reinsurance Contracts held - Reconciliation of
dalam kontrak reasuransi berdasarkan changes in reinsurance contracts held by
pertanggungan yang tersisa dan kejadian klaim remaining coverage and incurred claims
(lanjutan) (continued)
31 Desember/December 31, 2025
Sisa masa Klaim yang terjadi
pertanggungan/ untuk kontrak di bawah PAA/
Remaining incurred claims for
coverage contracts under PAA
Klaim
Tidak yang terjadi
termasuk untuk kontrak
komponen Komponen di bawah PAA/
kerugian/ pemulihan Incurred
Excluding kerugian/ claims for
loss recovery Loss Recovery contracts not
component component under PAA PVFCF RA Total
Arus Kas Cash Flows
Premi yang dibayarkan Premiums paid net of
dikurangi komisi serah ceding commissions
terima dan biaya lain and other directly
yang dapat diatribusikan 38.982 - - - - 38.982 attributable expenses
langsung
Pemulihan dari reasuransi - - - (28.392) - (28.392) Recoveries from reinsurance
Total arus kas 38.982 - - (28.392) - 10.590 Total cash flows
Kontrak aset (liabilitas) Reinsurance contracts
reasuransi milikan held assets (liabilities)
pada 31 Desember at Desember 31, 2025
2025 (41.498) - - 30.318 - (11.180)
31 Desember/December 31, 2024
Sisa masa Klaim yang terjadi
pertanggungan/ untuk kontrak di bawah PAA/
Remaining incurred claims for
coverage contracts under PAA
Klaim
Tidak yang terjadi
termasuk untuk kontrak
komponen Komponen di bawah PAA/
kerugian/ pemulihan Incurred
Excluding kerugian/ claims for
loss recovery Loss Recovery contracts not
component component under PAA PVFCF RA Total
Aset kontrak reasuransi Reinsurance contract assets
pada 1 Januari (17.575) - - 26.093 - 8.518 as at January 1
Liabilitas kontrak reasuransi Reinsurance contracts
pada 1 Januari - - - - - - liabilities as at January 1
Aset (liabilitas) kontrak Net reinsurance contract
reasuransi bersih assets (liabilities) at
pada 1 Januari 2024 (17.575) - - 26.093 - 8.518 January 1, 2024
107
Page 435
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (CONTINUED)
h. Kontrak Reasuransi - Rekonsiliasi perubahan h. Reinsurance Contracts held - Reconciliation of
dalam kontrak reasuransi berdasarkan changes in reinsurance contracts held by
pertanggungan yang tersisa dan kejadian klaim remaining coverage and incurred claims
(lanjutan) (continued)
31 Desember/December 31, 2024
Sisa masa Klaim yang terjadi
pertanggungan/ untuk kontrak di bawah PAA/
Remaining Incurred claims for
coverage contracts under PAA
Tidak Klaim
termasuk yang terjadi
komponen Komponen untuk kontrak
kerugian/ pemulihan di bawah PAA/
Excluding kerugian/ Incurred
loss- Loss claims for
recovery recovery contracts not
component component under PAA PVFCF RA Total
Pendapatan (beban) bersih Net income (expenses)
dari kontrak reasuransi from reinsurance
yang dimiliki contracts held
Biaya reasuransi (69.431) - - - - (69.431) Reinsurance expenses
Beban lain yang dapat Other incurred
diatribusikan directly attributable
secara langsung - - - - - - expenses
Pemulihan klaim yang terjadi - - - 44.146 - 44.146 Incurred claims recovery
Dampak perubahan risiko Effect of changes in the risk of
wanprestasi reasuransi - - - - - - reinsurers'non-performance
Pendapatan (beban) bersih Net income (expenses)
dari kontrak reasuransi from reinsurance
yang dimiliki (69.431) - - 44.146 - (25.285) contracts held
Pendapatan (beban) Finance income (expenses)
keuangan dari kontrak from reinsurance
reasuransi yang dimiliki - - - - - - contracts held
Jumlah yang diakui dalam Total amounts recognised
penghasilan komprehensif (69.431) - - 44.146 - (25.285) in comprehensive income
Komponen investasi Investment components
Arus kas pra-pengakuan yang Other pre-recognition
dihapus pengakuannya dan cashflows derecognized
perubahan lainnya - - - - - - and other changes
Arus Kas Cash Flows
Premi yang dibayarkan dikurangi Premiums paid net of
komisi serah terima dan biaya ceding commissions and
lain yang dapat diatribusikan other directly attributable
langsung 26.382 - - - - 26.382 expenses paid
Pemulihan dari reasuransi - - - (13.403) - (13.403) Recoveries from reinsurance
Jumlah arus kas 26.382 - - (13.403) - 12.979 Total cash flows
Kontrak aset (liabilitas) Reinsurance contracts
reasuransi milikan held assets (liabilities)
pada 31 Desember 2024 (60.624) - - 56.836 - (3.788) at December 31, 2024
108
Page 436
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
i. Analisis jumlah yang disajikan dalam neraca i. An analysist of amounts presented in the
balance sheet
Perusahaan melakukan analisis rinci aset The Company performed the analysis of detail
kontrak asuransi, liabilitas kontrak asuransi, insurance contracts assets, insurance contracts
aset kontrak reasuransi, dan liabilitas kontrak liabilities, reinsurance contracts assets, and
reasuransi yang disajikan dalam neraca laporan reinsurance contracts liabilities that is
posisi keuangan seperti yang ditunjukkan di presented in the Balance Sheet of Statement of
bawah ini. Financial Position as shows below:
31 Desember/December 31, 2025
Bagian
Tidak
Bagian Lancar/
Lancar/ Non-
Kesehatan/ Tradisional/ Jumlah/ Current current
Health Unit link Traditional MRI Total portion portion Total
Liabilitas kontrak Insurance contract
asuransi liabilities
Liabilitas kontrak Insurance contract
Asuransi tidak liabilities
termasuk aset arus excluding insurance
kas akuisisi asuransi acquisition cash
dan arus kas flows assets and
pra-pengakuan other pre-recognition
lainnya 223.610 3.534.349 1.816.287 590.199 6.164.445 619.035 5.545.410 6.164.445 cash flows
Jumlah liabilitas Total insurance
(aset) kontrak contract liabilities
asuransi 223.610 3.534.349 1.816.287 590.199 6.164.445 619.035 5.545.410 6.164.445 (assets)
Aset kontrak Reinsurance
reasuransi Contract assets
Liabilitas kontrak Reinsurance contract
reasuransi tidak Liabilities excluding
termasuk arus kas pra Other pre recognition
Pengakuan lainnya 973 2.101 2.201 5.905 11.180 - 11.180 11.180 Cash flows
Liabilitas (aset) Reinsurance contract
Kontrak reasuransi 973 2.101 2.201 5.905 11.180 - 11.180 11.180 Liabilities (assets)
31 Desember/December 31, 2024
Bagian
Tidak
Bagian Lancar/
Lancar/ Non-
Kesehatan/ Tradisional/ Jumlah/ Current current
Health Unit link Traditional MRI Total portion portion Total
Liabilitas kontrak Insurance contract
asuransi liabilities
Liabilitas kontrak Insurance contract
Asuransi tidak liabilities
termasuk aset arus excluding insurance
kas akuisisi asuransi acquisition cash
dan arus kas flows assets and
pra-pengakuan other pre-recognition
lainnya 150.815 2.852.332 1.328.734 629.735 4.961.616 279.767 4.681.849 4.961.616 cash flows
Jumlah liabilitas Total insurance
(aset) kontrak Contract liabilities
asuransi 150.815 2.852.332 1.442.449 629.735 4.961.616 279.767 4.681.849 4.961.616 (assets)
Aset kontrak Reinsurance
reasuransi Contract assets
Liabilitas kontrak Reinsurance contract
reasuransi tidak Liabilities excluding
termasuk arus kas pra Other pre recognition
Pengakuan lainnya 1.022 631 1.047 1.088 3.788 - 3.788 3.788 cash flows
Liabilitas (aset) Reinsurance contract
Kontrak reasuransi 1.022 631 1.047 1.088 3.788 - 3.788 3.788 Liabilities (assets)
109
Page 437
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
j. Kontrak asuransi yang diakui dalam periode j. Insurance contracts recognised in the period
(Non-PAA) (Non-PAA)
Di bawah ini merupakan aset dan liabilitas Below is the insurance contracts assets and
kontrak asuransi yang diterbitkan pada periode liabilities that is issued in the period reporting
pelaporan dan periode komparatif, yang and comparative period, that is separated by the
dipisahkan dengan informasi kontrak tidak information of non-onerous contracts and
merugi dan kontrak yang merugi. onerous contracts.
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Dari kontrak Dari kontrak Dari kontrak
tidak merugi/ tidak merugi/ merugi/
Non-onerous Dari kontrak Non-onerous Onerous
contracts merugi tercatat/ contracts contracts
originated Carrying amount JumlahTotal originated originated Jumlah/Total
Estimasi nilai sekarang dari Estimates of the present value
arus kas keluar masa depan of future cash outflows
- Arus kas akuisisi Insurance acquisition -
asuransi 551.093 79.577 630.670 579.006 141.353 720.359 cash flows
- Klaim dan beban lain Claims and other -
yang dapat diatribusikan directly attributable
secara langsung 3.256.523 48.600 3.305.123 2.421.785 174.954 2.596.739 expenses
Estimasi nilai sekarang Estimates of the present
dari arus kas keluar value of future
masa depan 3.807.616 128.177 3.935.793 3.000.791 316.307 3.317.098 cash outflows
Estimasi nilai sekarang dari Estimates of the present value
arus kas masuk masa depan (4.533.056) (125.617) (4.658.673) (3.579.773) (303.421) (3.883.194) of future cash inflows
Penyesuaian risiko untuk Risk adjustment for
Risiko finansial 46.004 1.990 47.994 64.458 4.073 68.531 non - financial risk
Arus kas pra-pengakuan Insurance acquisition cash flow
lainnya yang dihapus and other pre-recognition
pengakuannya cash flows derecognised
Margin jasa kontraktual 679.436 - 679.436 514.524 - 514.524 CSM
Kenaikan liabilitas Increase in insurance
kontrak asuransi dari contract liabilities
kontrak yang diakui from contract
pada periode tersebut - 4.550 4.550 - 16.959 16.959 recognised in the period
k. Analisis pendapatan asuransi untuk kontrak k. Analysis of insurance revenue for
asuransi yang diterbitkan dan CSM insurancecontracts issued and CSM by
berdasarkan metode transisi transition method
Berikut adalah analisis pendapatan asuransi Below is the analysis of insurance revenue and
dan margin jasa kontrak berdasarkan portofolio: contractual service margin by portfolio:
31 Desember/December 31, 2025
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Kontrak asuransi
yang diterbitkan Insurance contract issued
Pendapatan asuransi Insurance revenue
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under full retrospective
retrospektif penuh approach
pada saat transisi 951.086 306.238 466.587 233.122 1.957.033 at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under modified
retrospektif yang retrospective
dimodifikasi approach
pada saat transisi - - - - - at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under fair value
nilai wajar approach
pada saat transisi - 2.378 6.111 3.304 11.793 at transition
951.086 308.616 472.698 236.426 1.968.826
110
Page 438
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
k. Analisis pendapatan asuransi untuk kontrak k. Analysis of insurance revenue for
asuransi yang diterbitkan dan CSM insurancecontracts issued and CSM by
berdasarkan metode transisi (lanjutan) transition method (continued)
Berikut adalah analisis pendapatan asuransi Below is the analysis of insurance revenue and
dan margin jasa kontrak berdasarkan portofolio: contractual service margin by portfolio:
(lanjutan) (continued)
31 Desember/December 31, 2025
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
CSM CSM
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under full retrospective
retrospektif penuh approach
pada saat transisi 67.017 144.506 510.695 99.880 822.098 at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under modified
retrospektif yang retrospective
dimodifikasi approach
pada saat transisi - - - - - at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under fair value
nilai wajar approach
pada saat transisi - 1.297 23.102 940 25.339 at transition
67.017 145.803 533.797 100.820 847.437
31 Desember/December 31, 2024
Kesehatan/ Tradisional/
Health Unit Link Traditional MRI Total
Kontrak asuransi
yang diterbitkan Insurance contract issued
Pendapatan asuransi Insurance revenue
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under full retrospective
retrospektif penuh 650.189 260.322 375.968 248.059 1.534.538 approach
pada saat transisi at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under modified
retrospektif yang retrospective
dimodifikasi approach
pada saat transisi - - - - - at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under fair value
nilai wajar approach
pada saat transisi - 8.649 6.412 4.648 19.709 at transition
650.189 268.971 382.380 252.707 1.554.247
CSM CSM
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under full retrospective
retrospektif penuh approach
pada saat transisi 12.913 199.807 401.427 110.942 725.089 at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under modified
retrospektif yang retrospective
dimodifikasi approach
pada saat transisi - - - - - at transition
Kontrak dan kontrak Contract and
baru yang diukur new contract measured
dengan pendekatan under fair value
nilai wajar approach
pada saat transisi - 234 14.150 1.066 15.450 at transition
12.913 200.041 415.577 112.008 740.539
111
Page 439
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES(continued)
k. Pengakuan yang diharapkan dari CSM yang k. Expected recognition of the CSM remaining at
tersisa pada akhir periode pelaporan dalam the end of the reporting period in profit or loss
laba rugi
Berikut adalah ringkasan ekspektasi untuk Below is the summary of expectations for the
waktu pengakuan CSM di tahun-tahun timing of recognition of CSM in the future years:
mendatang:
31 Desember/December 31, 2025
Total CSM
untuk kontrak
asuransi
yang
diterbitkan/
Total CSM
for insurance
Jumlah tahun yang diakui Kesehatan/ Tradisional/ contract Number of year until
diharapkan dapat diakui Health Unit Link Traditional MRI issued expected to be recognised
1 tahun 67.017 29.213 60.414 16.375 173.019 1 year
2 tahun 20.516 46.491 13.523 80.530 2 year
3 tahun 14.317 37.710 11.330 63.357 3 year
4 tahun 11.232 32.473 9.646 53.351 4 year
5 tahun 8.996 29.295 8.300 46.591 5 year
6-10 tahun 30.043 105.988 26.420 162.451 6-10 year
>10 tahun 31.483 221.427 15.228 268.138 >10 year
67.017 145.800 533.798 100.822 847.437
31 Desember/December 31, 2024
Total CSM
untuk kontrak
asuransi
yang
diterbitkan/
Total CSM
for insurance
Jumlah tahun yang diakui Kesehatan/ Tradisional/ contract Number of year until
diharapkan dapat diakui Health Unit Link Traditional MRI issued expected to be recognised
1 tahun 12.915 19.860 49.416 18.927 101.118 1 year
2 tahun 14.237 36.599 15.524 66.360 2 year
3 tahun 8.150 30.217 12.741 51.108 3 year
4 tahun 6.006 26.526 10.547 43.079 4 year
5 tahun 6.073 24.381 8.827 39.281 5 year
6-10 tahun 28.279 87.162 27.973 143.414 6-10 year
>10 tahun 117.436 161.275 17.468 296.179 >10 year
12.915 200.041 415.576 112.007 740.539
112
Page 440
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
l. Pertimbangan dan estimasi yang signifikan - l. Significant judgement and estimates - The yield
Kurva hasil yang digunakan untuk mendiskon curves that were used to discount the estimates
estimasi arus kas masa depan yang tidak of future cash flows that do not vary based on
bervariasi berdasarkan pengembalian dari item the returns of the underlying items.
pendasar.
Berikut adalah tingkat suku bunga yang The rates used for discounting liability cash
digunakan untuk mendiskontokan arus kas flows are presented below (with separation by
liabilitas (dengan pemisahan berdasarkan portfolio level):
tingkat portofolio):
31 Desember/ December 31, 2025
Mata uang/ 1 Tahun/ 5 Tahun/ 10 Tahun/ 20 Tahun/ 30 Tahun/
Currency Year Year Year Year Year
Kesehatan IDR 4.88% 5.79% 6.36% 6.90% 7.13% Health
Unit link IDR 4.83% 5.74% 6.30% 6.84% 7.07% Unit link
Tradisional IDR 4.86% 5.78% 6.34% 6.88% 7.11% Traditional
MRI IDR 4.84% 5.76% 6.32% 6.86% 7.09% MRI
31 Desember/ December 31, 2024
Mata uang/ 1 Tahun/ 5 Tahun/ 10 Tahun/ 20 Tahun/ 30 Tahun/
Currency Year Year Year Year Year
Kesehatan IDR 6.88% 7.00% 7.07% 7.11% 7.11% Health
Unit link IDR 6.88% 7.00% 7.07% 7.11% 7.11% Unit link
Tradisional IDR 6.88% 7.00% 7.07% 7.11% 7.11% Traditional
MRI IDR 6.88% 7.00% 7.07% 7.11% 7.11% MRI
Asumsi lain yang digunakan dalam pengukuran Other assumptions used in the measurement of
kontrak asuransi dan reasuransi meliputi tingkat insurance and reinsurance contracts include
mortalitas, tingkat lapse rate, inflasi dan asumsi mortality rate, lapse rate, inflation and expense
biaya. assumptions.
Kontrak kumpulan kesehatan diukur Group health contracts are measured using
menggunakan Premium Allocation Approach. Premium Allocation Approach. Unit Link
Kontrak Unit Link diukur menggunakan Variable Contracts are measured using Variable Fee
Fee Approach. Kontrak tradisional dan MRI Approach. Traditional and MRI contracts are
diukur menggunakan pendekatan General measured using General Measurement Model
Measurement Model. approach.
113
Page 441
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
m. Pertimbangan dan estimasi yang signifikan - m. Significant judgement and estimates -
Asumsi dan metode yang digunakan Assumptions and methods used to derive
untukmendapatkan asumsi mortalitas mortality assumptions
31 Desember/ December 31, 2025
Status Tabel
perokok/ presentase/
Smoker Tabel Mortalitas/ Percentage of
status Mortality table table
Jenis kelamin Gender
Laki-laki Semua/all TMI III Munich (Male) 60-89% Male
TMI III Modified (Male) 53.00%
TMI III (Male) 80.00%
CSO_1958&REINS_076 69.3-110%
Perempuan Semua/all TMI III Munich (Female) 60-89% Female
TMI III Modified (Female) 53.00%
TMI III (Female) 80.00%
CSO_1958&REINS_076 69.3-110%
31 Desember/ December 31, 2024
Status Tabel
perokok/ presentase/
Smoker Tabel Mortalitas/ Percentage of
status Mortality table table
Jenis kelamin Gender
Laki-laki Semua/all Indo Re Rate (Male) 80-100% Male
Indo Re Rate (Unisex) 80-100%
CSO_1958&REINS_061 75%
CSO_1958&REINS_076 69.3-110%
Modified TM III 70%
Munich Re Rate 120%
Perempuan Semua/all Indo Re Rate (Female) 80-100% Female
Indo Re Rate (Unisex) 80-100%
CSO_1958&REINS_061 75%
CSO_1958&REINS_076 69.3-110%
Modified TM III 70%
Munich Re Rate 120%
114
Page 442
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
n. Kontrak Asuransi - Pendapatan asuransi n. Insurance contracts - Insurance revenue
dan jasa margin kontraktual berdasarkan and the contractual service margin by
metode transisi transition method
31 Desember/ December 31, 2025
Contracts Contracts
Measured under Measured under
the full retro the fair
spective approach approach at
at transition transition Total
Pendapatan Asuransi (1.957.033) (11.793) (1.968.826) Insurance Revenue
CSM pada 1 Januari 725.089 15.450 740.539 CSM at January 1
Perubahan yang Changes that
berhubungan relate to
dengan jasa kini current service
CSM diakui dalam laba rugi CSM recognised in the profit loss
atas jasa yang diberikan (226.404) (4.053) (230.457) for the services provided
Perubahan yang Changes that
berhubungan relate to
dengan jasa masa depan future service
Perubahan estimasi yang Changes in estimate
menyesuaikan CSM (240.571) 8.507 (232.064) that adjust CSM
Kontrak awal yang diakui Contracts initially recognised
pada period tersebut 679.436 - 679.436 in the period
Penyesuaian pengalaman – Experience adjustment
timbul dari premi yang arising from premium
diterima pada periode received in the
yang berkaitan dengan period that
jasa masa depan (208.986) (1.203) (210.189) relates to future services
Biaya pembiayaan dari Finance expenses from
kontrak asuransi yang insurance contract
diterbitkan 93.534 6.638 100.172 issued
Jumlah total yang diakui Total amount that
dalam penghasilan recognized in income
komprehensif 97.009 9.889 106.898 comprehensive
CSM pada 31 Desember 822.098 25.339 847.437 CSM as at 31 December
31 Desember/ December 31, 2024
Contracts Contracts
Measured under Measured under
the full retro the fair
spective approach approach at
at transition transition Total
Pendapatan Asuransi (1.534.537) (19.710) (1.554.247) Insurance Revenue
CSM pada 1 Januari 603.502 5.919 609.421 CSM at January 1
Perubahan yang berhubungan Changes that relate to
dengan jasa kini current service
CSM diakui dalam laba rugi (213.502) (2.669) (216.171) CSM recognised in the profit loss
atas jasa yang diberikan for the services provided
Perubahan yang berhubungan Changes that relate to
dengan jasa masa depan future service
Perubahan estimasi yang 33.932 31.983 65.915 Changes in estimate
menyesuaikan CSM that adjust CSM
Kontrak awal yang diakui Contracts initially recognised
pada period tersebut 514.524 - 514.524 in the period
Penyesuaian pengalaman – Experience adjustment
timbul dari premi yang arising from premium
diterima pada periode received in the
yang berkaitan dengan period that
jasa masa depan (111.963) (2.585) (114.548) relates to future services
Biaya pembiayaan dari Finance expenses from
kontrak asuransi yang insurance contract
diterbitkan (101.404) (17.198) (118.602) issued
Jumlah total yang diakui Total amount that
dalam penghasilan recognized in income
komprehensif 121.587 9.531 131.118 comprehensive
CSM pada 31 Desember 725.089 15.450 740.539 CSM as at 31 December
115
Page 443
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. KONTRAK ASET DAN LIABILITAS ASURANSI 7. INSURANCE AND REINSURANCE CONTRACT
DAN REASURANSI (lanjutan) ASSETS AND LIABILITIES (continued)
o. Analisa sensitivitas penjaminan terhadap o. Sensitivity analysis to underwriting risk
variabel risiko: variables
Perubahan Dampak atas laba
asumsi/ sebelum pajak/ Dampak atas ekuitas/
Change in Impact on profit before Impact on equity
assumption income tax
31 Desember 2025 December 31, 2025
Tingkat mortalitas +5% (15,646) (17,785) Mortality rate
Tingkat mortalitas -5% 12,396 14,546 Mortality rate
Tingkat lapse/penebusan +10% (4,087) 340 Lapse/surrender rates
Tingkat lapse/penebusan -10% (882) (5,566) Lapse/surrender rates
Beban +10% (9,484) (10,301) Expenses
Beban -10% 9.072 9,890 Expenses
31 Desember 2024 December 31, 2024
Tingkat mortalitas +5% (29,023) (15,202) Mortality rate
Tingkat mortalitas -5% 21,683 12,042 Mortality rate
Tingkat lapse/penebusan +10% 72 (13,287) Lapse/surrender rates
Tingkat lapse/penebusan -10% (11,855) 11,902 Lapse/surrender rates
Beban +10% (20,407) (10,432) Expenses
Beban -10% 20,371 10,399 Expenses
8. BIAYA DIBAYAR DI MUKA 8. PREPAID EXPENSES
Rincian biaya dibayar di muka sebagai berikut: The details of prepaid expenses are as follows:
31 Desember/December 31,
2025 2024
Komisi untuk agen (Catatan 28h) 99.110 131.601 Commissions to agent (Note 28h)
Konsultan IT 2.901 2.902 IT Consultant
Sewa 1.803 815 Rent
Pemeliharaan gedung 759 729 Service charge
Komisi 94 94 Commissions
Lainnya 411 50 Others
Total 105.078 136.191 Total
116
Page 444
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. ASET TETAP - NETO 9. FIXED ASSETS - NET
31 Desember/December 31, 2025
Saldo awal/ Surplus revaluasi/ Saldo akhir/
Beginning Penambahan/ Pengurangan/ Revaluation Reklasifikasi/ Ending
balance Additions Deductions surplus Reclassification balance
Biaya perolehan/
nilai revaluasi Cost/revaluation amount
Tanah 45.234 - - - - 45.234 Land
Bangunan 109.443 - - - - 109.443 Buildings
Prasarana dan Building renovations and
perbaikan bangunan 57.535 233 - - 891 58.659 improvements
Kendaraan bermotor 23.210 - (5.132) - - 18.078 Motor vehicles
Peralatan komputer 30.457 5.493 - - - 35.950 Computer equipment
Peralatan dan Office furniture
perlengkapan kantor 29.724 18 - - (891) 28.851 and equipment
Peralatan komunikasi 635 - - - - 635 Communication Equipment
Aset dalam proses
pembangunan 1.181 23 - - - 1.204 Construction in progress
Total biaya
Perolehan/revaluasi 294.459 5.767 (5.132) - - 298.054 Total cost/revaluation
Akumulasi penyusutan Accumulated depreciation
Bangunan - (7.023) - - - (7.023) Buildings
Prasarana dan Building renovations and
perbaikan bangunan (55.061) (658) - - (446) (56.165) improvements
Kendaraan bermotor (18.822) (1.735) 5.132 - - (15.425) Motor vehicles
Peralatan komputer (25.743) (2.194) - - - (27.937) Computer equipment
Peralatan dan Office furniture
perlengkapan kantor (28.351) (482) - - 446 (28.387) and equipment
Peralatan komunikasi (633) (2) - - - (635) Communication Equipment
Total akumulasi Total accumulated
penyusutan (128.610) (12.094) 5.132 - - (135.572) depreciation
Nilai tercatat 168.809 162.482 Carrying value
31 Desember/December 31, 2024
Saldo awal/ Surplus revaluasi/ Saldo akhir/
Beginning Penambahan/ Pengurangan/ Revaluation Reklasifikasi/ Ending
balance Additions Deductions surplus Reclassification balance
Biaya perolehan/
nilai revaluasi Cost/revaluation amount
Tanah 44.314 - - 920 - 45.234 Land
Bangunan 108.822 - (17.397) 18.018 - 109.443 Buildings
Prasarana dan Building renovations and
perbaikan bangunan 57.535 - - - - 57.535 improvements
Kendaraan bermotor 25.843 1.800 (4.433) - - 23.210 Motor vehicles
Peralatan komputer 27.666 2.791 - - - 30.457 Computer equipment
Peralatan dan Office furniture
perlengkapan kantor 29.644 80 - - - 29.724 and equipment
Peralatan komunikasi 635 - - - - 635 Communication Equipment
Aset dalam proses
pembangunan - 1.181 - - - 1.181 Construction in progress
Total biaya
Perolehan/revaluasi 294.459 5.852 (21.830) 18.938 - 297.419 Total cost/revaluation
Akumulasi penyusutan Accumulated depreciation
Bangunan (11.598) (5.799) 17.397 - - - Buildings
Prasarana dan Building renovations and
perbaikan bangunan (54.572) (489) - - - (55.061) improvements
Kendaraan bermotor (21.496) (1.759) 4.433 - - (18.822) Motor vehicles
Peralatan komputer (22.948) (2.795) - - - (25.743) Computer equipment
Peralatan dan Office furniture
perlengkapan kantor (27.767) (584) - - - (28.351) and equipment
Peralatan komunikasi (621) (12) - - - (633) Communication Equipment
Total akumulasi Total accumulated
penyusutan (139.002) (11.438) 21.830 - - (128.610) depreciation
Nilai tercatat 155.457 168.809 Carrying value
117
Page 445
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. ASET TETAP - NETO (lanjutan) 9. FIXED ASSETS - NET (continued)
Pada tanggal 31 Desember 2025 dan 2024, jumlah As of December 31, 2025 and 2024, the cost of fixed
biaya perolehan aset tetap yang telah disusutkan assets that were fully depreciated but still being
penuh namun masih digunakan masing-masing used amounted to Rp115,320 and Rp107,949,
sebesar Rp115.320 dan Rp107.949. respectively.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024 the Company
Perusahaan tidak memiliki aset tetap yang tidak does not have fixed assets which are not used or
dipakai sementara maupun yang dihentikan dari terminated from active use and are not classified as
penggunaan aktif dan tidak diklasifikasikan sebagai available-for-sale.
tersedia untuk dijual.
Aset tetap tidak dijaminkan kepada pihak manapun. Fixed assets are not pledged as collateral to any
party.
Perusahaan memiliki beberapa tanah yang The Company owns several plots of land which are
berlokasi di Jawa, Sumatra, Kalimantan dan located in Java, Sumatra, Kalimantan and Sulawesi
Sulawesi dengan Hak Guna Bangunan (HGB) with the Rights to Build and Use (Hak Guna
dengan periode antara 20 hingga 30 tahun, dan Bangunan - HGB) for a period of 20 to 30 years,
akan berakhir antara tahun 2027 sampai 2054. expiring between 2027 to 2054. The management
Manajemen berkeyakinan bahwa sertifikat HGB believes that the HGB certificates can be extended
tersebut dapat diperpanjang pada saat masa upon their expiration.
berlakunya berakhir.
Penilaian pada nilai wajar tanah dan bangunan yang Valuation to determine the fair value of the
dimiliki Perusahaan telah dinilai kembali pada Company’s land and buildings has assessed on
tanggal 31 Desember 2024 dilakukan oleh KJPP December 31, 2024 performed by KJPP Jimmy
Jimmy Prasetyo & Rekan, penilai independen yang Prasetyo & Rekan, an independent appraiser
telah teregistrasi pada OJK, dengan rekan registered in OJK, with signing partner Jimmy T.
penanggung jawab Jimmy T. Prasetyo, MSc, MAPPI Prasetyo, MSc, MAPPI (Cert.) based on its report
(Cert.) berdasarkan laporannya tertanggal dated December 31, 2024 with fair value totaling
31 Desember 2024 dengan total nilai wajar sebesar Rp154,677 in accordance with Capital Market and
Rp154.677 sesuai dengan Peraturan Bapepam-LK Financial Institution Supervisory Board (Peraturan
No VIII.C.4 mengenai Pedoman Penilaian dan Bapepam-LK) No VIII.C.4 regarding Capital
Penyajian Laporan Penilaian Properti Di Pasar Market’s Property Revaluation, and Reporting
Modal. Penilaian, yang sesuai dengan Standar Guideline. The valuation, which conforms to
Penilaian Indonesia, ditentukan berdasarkan Indonesia Valuation Standards, was determined by
transaksi pasar terkini dan dilakukan dengan reference to recent market transactions on arm’s
ketentuan-ketentuan yang lazim. Metode penilaian length terms. Appraisal method used is Market Data
yang digunakan adalah Metode Data Pasar dan Method and Replacement Cost Method with
Biaya Pengganti Baru dengan rata-rata tertimbang. weighted average.
Pada tanggal 31 Desember 2024, nilai tanah setelah As of December 31, 2024 the land value after
revaluasi mengalami peningkatan nilai sebesar revaluation increased by Rp920 and has been
Rp920 dan telah didebitkan pada surplus revaluasi debited to a revaluation surplus that has been
yang pernah diakui sebelumnya dalam laporan laba recognized previously in the profit or loss and other
rugi dan penghasilan komprehensif lain. comprehensive income.
118
Page 446
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. ASET TETAP - NETO (lanjutan) 9. FIXED ASSETS - NET (continued)
Jika tanah dan bangunan diukur sebesar biaya If the land and building was measured using cost
perolehan, jumlah tercatat neto adalah sebagai method, the net carrying amount would be as
berikut: follows:
31 Desember/December 31,
2025 2024
Tanah 4.351 4.351 Land
Bangunan Building
Biaya perolehan 63.452 63.452 Cost
Akumulasi penyusutan (57.568) (56.049) Accumulated depreciation
Nilai tercatat bangunan 5.884 7.403 Carrying value of building
Total nilai tercatat 10.235 11.754 Total carrying value
Surplus revaluasi tanah dan bangunan yang The revaluation surplus of land and building which
ditransfer ke saldo laba selama 31 Desember 2025 was transferred to retained earnings during
dan 2024 masing-masing sebesar Rp6.277 dan December 31, 2025 and 2024 amounted to
Rp5.131. Rp6,277 and Rp5,131, respectively.
Pada tanggal 31 Desember 2025 dan 2024, nilai As of December 31, 2025 and 2024, the revaluation
surplus revaluasi dan pajak penghasilan tangguhan surplus and applicable deferred income taxes is as
terkait adalah sebagai berikut: follows:
31 Desember/December 31,
2025 2024
Surplus revaluasi Revaluation surplus
Tanah 40.883 40.883 Land
Bangunan 92.882 99.161 Building
Pajak penghasilan Related deferred
tangguhan terkait (Catatan 14) (20.434) (21.815) income taxes (Note 14)
Neto 113.331 118.229 Net
Secara total, perubahan surplus revaluasi tanah dan In total, changes in the revalution surplus land and
bangunan setelah dikurangi dengan pajak building net of the applicable deferred income taxes
penghasilan tangguhan terkait telah dicatat pada is recorded in the statement of profit or loss and
laporan laba rugi dan penghasilan komprehensif lain other comprehensive income amounting to
masing-masing sebesar (Rp4.898) dan Rp10.972 (Rp4,898) and Rp10,972 for the year ended
masing-masing untuk tahun yang berakhir pada December 31, 2025 and 2024, respectively.
tanggal 31 Desember 2025 dan 2024.
Perusahaan menganalisis instrumen non-keuangan The Company analyses non-financial instruments
yang dicatat pada nilai wajar yang dikelompokkan measured at fair value according to the fair value
berdasarkan hierarki nilai wajar pada tingkat 2. hierarchy as Level 2.
Revaluasi tanah dan bangunan hanya dilakukan The surplus revaluation on land and building is for
untuk keperluan pelaporan keuangan secara commercial financial purposes only and not for tax
komersial dan tidak untuk keperluan pelaporan reporting purposes.
pajak.
119
Page 447
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. ASET TETAP - NETO (lanjutan) 9. FIXED ASSETS - NET (continued)
Rincian dari keuntungan penjualan aset tetap - neto The details of gains on sale of fixed assets - net are
adalah sebagai berikut: as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Nilai jual 1.690 1.534 Selling price
Nilai tercatat - - Carrying value
Keuntungan penjualan Gain on sale of fixed
aset tetap - neto (Catatan 23a) 1.690 1.534 assets - net (Note 23a)
Aset tetap, kecuali tanah, diasuransikan kepada Fixed assets, except land, were insured to
PT Asuransi MSIG Indonesia pada tahun 2025 dan PT Asuransi MSIG Indonesia in 2025 and 2024, a
2024, pihak berelasi, terhadap risiko kebakaran dan related party, by insurance against losses by fire and
risiko lainnya dengan nilai pertanggungan masing- other risks with sum insured of Rp116,382 in 2025
masing sebesar Rp116.382 di tahun 2025 dan and Rp119,597 in 2024. Management believes that
Rp119.597 di tahun 2024. Manajemen Perusahaan the insurance coverage is adequate to cover
berpendapat bahwa nilai pertanggungan tersebut possible losses of the assets insured.
cukup untuk menutup kemungkinan kerugian yang
timbul atas aset tetap yang dipertanggungkan.
Berdasarkan evaluasi manajemen Perusahaan, Based on the evaluation of the Company’s
tidak terdapat kejadian-kejadian atau perubahan- management, there are no events or changes in
perubahan keadaan yang mengindikasikan adanya circumstances that indicate an impairment in the
penurunan nilai aset tetap Perusahaan dari nilai saat value of the Company's fixed assets from current
ini. carrying value.
10. ASET HAK-GUNA - NETO 10. RIGHT-OF-USE ASSETS - NET
Rincian aset hak-guna terdiri dari: The details of right-of-use assets are as follows:
31 Desember/ 31 Desember/
December 31, Penambahan/ Pengurangan/ December 31,
2024 Additions Deductions 2025
Biaya perolehan At cost
Bangunan 69.785 17.474 - 87.259 Building
Total 69.785 17.474 - 87.259 Total
Akumulasi penyusutan Accumulated depreciation
Bangunan 61.881 8.337 - 70.218 Building
Total 61.881 8.337 - 70.128 Total
Nilai Tercatat 7.904 17.041 Carrying Value
120
Page 448
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. ASET HAK-GUNA - NETO (lanjutan) 10. RIGHT-OF-USE ASSETS - NET (continued)
Rincian aset hak-guna terdiri dari : (lanjutan) The details of right-of-use assets are as follows:
(continued)
31 Desember/ 31 Desember/
December 31, Penambahan/ Pengurangan/ December 31,
2023 Additions Deductions 2024
Biaya perolehan At cost
Bangunan 70.139 744 (1.098) 69.785 Building
Total 70.139 744 (1.098) 69.785 Total
Akumulasi penyusutan Accumulated depreciation
Bangunan 53.779 9.200 (1.098) 61.881 Building
Total 53.779 9.200 (1.098) 61.881 Total
Nilai Tercatat 16.360 7.904 Carrying Value
Tabel berikut menyajikan jumlah terkait aset hak- The following table are shows the right-of-use assets
guna yang dilaporkan dalam laporan laba rugi dan which presented in the statement of proft or loss and
penghasilan komprehensif lain: other comprehensive income:
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025/
For the Year Period Ended December 31, 2025
Beban terkait sewa
atas aset bernilai
Beban penyusutan/ Beban bunga/ rendah/Expenses
Depreciation Interest relating to leases
expenses expenses of low value assets
Bangunan 8.337 353 - Building
Total 8.337 353 - Total
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024/
For the Year Period Ended December 31, 2024
Beban terkait sewa
atas aset bernilai
Beban penyusutan/ Beban bunga/ rendah/Expenses
Depreciation Interest relating to leases
expenses expenses of low value assets
Bangunan 9.200 895 7 Building
Total 9.200 895 7 Total
Rata-rata masa sewa adalah lebih dari 1 (satu) The average lease term is more than1 (one) to 10 (ten)
sampai 10 (sepuluh) tahun. years.
Perusahaan juga memiliki sewa tertentu dengan The Company also has certain leases with leases of
masa sewa 12 bulan atau kurang dan sewa aset 12 months or less and leases of low value assets. The
bernilai rendah. Perusahaan menerapkan Company applies recognition exemptions to short-term
pengecualian pengakuan pada sewa jangka pendek and low-value leases for these leases.
dan sewa bernilai rendah untuk sewa tersebut.
121
Page 449
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. ASET LAIN-LAIN 11. OTHER ASSETS
Rincian aset lain-lain adalah sebagai berikut: The details of other assets are as follows:
31 Desember/December 31,
2025 2024
Beban tangguhan - neto (Catatan 28f) 227.003 253.333 Deferred charges - net (Note 28f)
Uang muka 35.313 14.673 Advance
Aset takberwujud - neto 20.374 11.236 Intangible assets - net
Jaminan 4.011 3.959 Security deposits
Lain-lain 370 654 Others
Total 287.071 283.855 Total
Berdasarkan evaluasi manajemen Perusahaan, Based on the evaluation of the Company’s
tidak terdapat kejadian-kejadian atau perubahan- management, there are no events or changes in
perubahan keadaan yang mengindikasikan adanya circumstances that indicate an impairment in the
penurunan nilai aset lain-lain Perusahaan pada value of the Company’s other assets as of
tanggal 31 Desember 2025 dan 2024. December 31, 2025 and 2024.
12. BEBAN AKRUAL 12. ACCRUED EXPENSES
Rincian akun ini adalah sebagai berikut: Details of this account are as follows:
31 Desember/December 31,
2025 2024
Beban operasional 56.138 37.414 Operational expenses
Kontes keagenan 48.021 44.893 Contest agency
Bonus 35.175 28.963 Bonus
Jasa kustodian dan Custodian services and
pengelolaan investasi 358 850 investment management expense
Lainnya - 600 Others
Total beban akrual 139.692 112.720 Total accrued expenses
13. LIABILITAS SEWA 13. LEASE LIABILITY
Rincian liabilitas sewa terdiri dari: The details of lease liabilities are as follows:
31 Desember/ Beban bunga/ 31 Desember/
December 31, Penambahan/ Interest Pembayaran/ December 31,
2024 Additions expenses Payments 2025
Kelas aset pendasar Underlying asset
Bangunan 6.876 17.474 353 (9.250) 15.453 Property
Total 6.876 17.474 353 (9.250) 15.453 Total
31 Desember/ Beban bunga/ 31 Desember/
December 31, Penambahan/ Interest Pembayaran/ December 31,
2023 Additions expenses Payments 2024
Kelas aset pendasar Underlying asset
Bangunan 14.696 744 895 (9.459) 6.876 Property
Total 14.696 744 895 (9.459) 6.876 Total
122
Page 450
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. LIABILITAS SEWA (LANJUTAN) 13. LEASE LIABILITY (CONTINUED)
Analisis jatuh tempo liabilitas sewa tidak didiskonto The analysis of the maturities related to
adalah sebagai berikut: undiscounted leases is as follows:
31 Desember/December 31,
2025 2024
Dalam 12 bulan mendatang 7.136 6.820 Within the next 12 months
1-2 tahun 9.265 80 1-2 years
3 tahun 80 80 3 years
4 tahun 80 80 4 years
5 tahun 80 80 5 years
Lebih dari 5 tahun - 80 More than 5 years
Total 16.641 7.220 Total
14. PERPAJAKAN 14. TAXATION
Utang Pajak Taxes Payable
Rincian utang pajak adalah sebagai berikut: Details of tax payable account are as follow:
31 Desember 2025/ 31 Desember 2024/
December 31, 2025 December 31, 2024
Pajak penghasilan Income taxes
Perusahaan Company
Pasal 21 (36) 1.618 Article 21
Pasal 23 360 429 Article 23
Pasal 4(2) final 318 406 Article 4(2) final
Pasal 26 (22) 27 Article 26
Pajak pertambahan nilai 1.405 2.179 Value-added tax
Total utang pajak 2.025 4.659 Total taxes payable
Rekonsiliasi Fiskal Fiscal Reconciliation
Rekonsiliasi antara laba sebelum pajak Reconciliation between income before income tax
penghasilan, seperti yang disajikan dalam laporan expense, as shown in the statements of profit or loss
laba rugi dan penghasilan komprehensif lain, and other comprehensive income, and estimated
dengan estimasi rugi fiskal untuk tahun yang fiscal loss for the years ended December 31, 2025
berakhir pada tanggal-tanggal 31 Desember 2025 and 2024, are as follows:
dan 2024 adalah sebagai berikut:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024*)
Laba sebelum pajak penghasilan Income before income tax expenses
Perusahaan 206.228 369.136 of the Company
Selisih laba sebelum pajak penghasilan Differences in profit before income tax
Antara PSAK 117 dan PSAK 104 (162.647) (20.232) between PSAK 117 and PSAK 104
Laba sebelum pajak penghasilan Income before income tax
setelah selisih laba antara after difference in pofit between
PSAK 117 dan PSAK 104 43.581 348.904 PSAK 117 and PSAK 104
123
Page 451
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. PERPAJAKAN (lanjutan) 14. TAXATION (continued)
Rekonsiliasi Fiskal (lanjutan) Fiscal Reconciliation (continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024*)
Beda temporer Temporary differences
Beban imbalan kerja karyawan 15.434 12.184 Employee benefit expenses
Perubahan liabilitas
manfaat polis masa depan Changes in liability for
dan estimasi liabilitas future policy benefits and estimated
klaim - polis lain (17.101) (11.137) claims liability - other policies
Cadangan provisi litigasi 129.152 (128.148) Allowance for litigation provision
Lain-lain 16.309 5.706 Others
Beda tetap Permanent differences
Beban umum dan administrasi 148.508 116.829 General and administrative expenses
Gaji dan tunjangan 24.294 6.286 Salaries and allowances
Pendapatan investasi
dan pendapatan terkait Investment income and
dengan pajak final (772.214) (802.554) income related to final tax
Lain-lain 90.167 320.143 Others
Estimasi rugi fiskal
tahun berjalan (321.870) (131.787) Estimated fiscal loss - current year
*) Disajikan kembali, lihat Catatan 34 As restated, see Note 34 *)
Rugi pajak dapat dikompensasikan dengan laba The tax losses can be utilised against the taxable
kena pajak pada masa lima tahun mendatang sejak income for a period of five years subsequent to the
kerugian fiskal terjadi. Rincian rugi pajak year the fiscal loss was incurred. The Company’s
Perusahaan adalah sebagai berikut: tax losses are as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Rugi fiskal Fiscal losses
2020 - (255.832) 2020
2021 (197.185) (197.185) 2021
2022 (63.303) (63.303) 2022
2023 (121.295) (121.295) 2023
2024 (131.787) (131.787) 2024
2025 (321.870) - 2025
Akumulasi rugi fiskal (835.440) (769.402) Accumulated fiscal loss
Perusahaan akan melaporkan estimasi rugi fiskal The Company will report estimated fiscal loss for the
untuk tahun yang berakhir pada tanggal year ended December 31, 2025, as stated above, in
31 Desember 2025, sebagaimana disebutkan di its annual corporate income tax return (SPT) Year
atas, dalam Surat Pemberitahuan Tahunan Pajak 2025 to be submitted to the Tax Office. The
Penghasilan Badan (“SPT PPh Badan”) Tahun 2025 amounts of estimated fiscal loss of the Company for
ke Kantor Pajak. Jumlah estimasi rugi fiskal the years ended December 31, 2024 as stated
Perusahaan untuk tahun yang berakhir pada above, conformed with the amount stated in the
tanggal 31 Desember 2024, sebagaimana 2024’s SPT.
dinyatakan di atas, sesuai dengan jumlah yang
dinyatakan dalam SPT PPh Badan tahun 2024.
124
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The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. PERPAJAKAN (lanjutan) 14. TAXATION (continued)
Manfaat (Beban) Pajak Penghasilan Income Tax Benefit (Expense)
Rincian dari manfaat (beban) pajak penghasilan Details of income tax benefit (expense) are as
adalah sebagai berikut: follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Perusahaan The Company
Manfaat (beban) pajak tangguhan - 2.553 Deferred tax benefit (expense)
Total - 2.553 Total
Liabilitas Pajak Tangguhan Deferred Tax Liabilities
Rincian liabilitas pajak tangguhan adalah sebagai The detail of deferred tax liabilities is as follows:
berikut:
31 Desember/December 31, 2025
Dibebankan
(dikreditkan) ke
penghasilan
Dibebankan ke komprehensif
laba rugi/ lain/Charged
Saldo awal/ Charged to (credited) to other Saldo
Beginning profit comprehensive akhir/Ending
balance or loss income balance
Perusahaan The Company
Keuntungan yang belum direalisasi Unrealized gain on
atas perubahan nilai wajar 6.588 - 33.853 40.441 the changes in fair value of
efek-efek marketable securities
Surplus revaluasi bangunan 21.815 - (1.381) 20.434 Revaluation surplus on buildings
Liabilitas pajak tangguhan 28.403 - 32.472 60.875 Deferred tax liabilities
Pada tanggal 31 Desember 2025, belum termasuk As of December 31, 2025, not included in the
dalam liabilitas pajak tangguhan di atas, adalah deferred tax liabilities above, is deferred tax from
liabilitas pajak tangguhan untuk unit syariah-tabarru sharia unit-tabarru and participant fund-mudharabah
dan dana peserta-mudharabah masing-masing amounting to Rp713 and Rp72, respectively.
sebesar Rp713 dan Rp72.
125
Page 453
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. PERPAJAKAN (lanjutan) 14. TAXATION (continued)
Rincian liabilitas pajak tangguhan adalah sebagai The detail of deferred tax liabilities is as follows:
berikut:
31 Desember/December 31, 2024
Dibebankan
(dikreditkan) ke
penghasilan
Dibebankan ke komprehensif
laba rugi/ lain/Charged
Saldo awal/ Charged to (credited) to other Saldo
Beginning profit comprehensive akhir/Ending
balance or loss income balance
Perusahaan The Company
Keuntungan yang belum direalisasi Unrealized gain on
atas perubahan nilai wajar the changes in fair value of
efek-efek 17.184 (2.553) (8.043) 6.588 marketable securities
Surplus revaluasi bangunan 18.981 - 2.834 21.815 Revaluation surplus on buildings
Liabilitas pajak tangguhan 36.165 (2.553) (5.209) 28.403 Deferred tax liabilities
Pada tanggal 31 Desember 2024, belum termasuk As of December 31, 2024, not included in the
dalam liabilitas pajak tangguhan di atas, adalah deferred tax liabilities above, is deferred tax from
liabilitas pajak tangguhan untuk unit syariah-tabarru sharia unit-tabarru and participant fund-mudharabah
dan dana peserta-mudharabah masing-masing amounting to Rp504 and RpNil, respectively.
sebesar Rp504 dan RpNihil.
Manajemen Perusahaan memutuskan untuk tidak Management of the Company decided not to
mengakui aset pajak tangguhan karena recognize the deferred tax assets due to the
kemungkinan penghasilan kena pajak di masa yang possibility the future taxable profits will not be
akan datang tidak akan tersedia untuk penggunaan available against which the deferred tax assets can
aset pajak tangguhan tersebut. be utilized.
Rekonsiliasi Tarif Pajak Efektif Reconciliation of Effective Tax Rate
Rekonsiliasi antara laba sebelum pajak penghasilan Reconciliation between income before income tax
Perusahaan dikalikan dengan tarif pajak yang expense of the Company multiplied by the
berlaku dan beban pajak penghasilan Perusahaan: applicable tax rate and income tax expense of the
Company:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Laba sebelum pajak penghasilan Income before income tax
setelah selisih laba antara after difference in profit between
PSAK 117 dan PSAK 104 43.581 348.904 PSAK 117 and PSAK 104
Beban pajak penghasilan Tax expenses
dengan tarif pajak yang berlaku (9.588) (76.759) at applicable tax rate
Pengaruh pajak atas beda tetap 112.033 79.045 Tax effect on permanent differences
Aset pajak tangguhan yang tidak diakui (31.634) 26.707 Unutilized of deferred tax asset
Rugi fiskal yang tidak digunakan (70.811) (28.993) Unutilized fiscal loss
Pajak tangguhan atas keuntungan Deferred tax on unrealized
yang belum direalisasi atas gain on the changes in fair
perubahan nilai wajar efek - 2.553 value of marketable securities
Manfaat (beban) pajak Income tax benefit
penghasilan Perusahaan - 2.553 (expense) the Company
126
Page 454
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. PERPAJAKAN (lanjutan) 14. TAXATION (continued)
Pemeriksaan pajak tahun 2020 Examination of fiscal year 2020
Pada tanggal 19 Juni 2024, Kantor Pelayanan Pajak On June 19, 2024, Madya Dua Jakarta Pusat Tax
Madya Dua Jakarta Pusat menerbitkan Surat Office issued a Tax Audit Notification Letter, as
Perintah Pemeriksaan Nomor PRIN outlined in Letter Number PRIN-
208/RIKSIS/KPP.0617/2024 yang mencakup 208/RIKSIS/KPP.0617/2024 for all taxes for the
seluruh jenis pajak untuk Tahun Pajak 2020. fiscal year 2020.
Pada tanggal 26 Maret 2025, perusahaan menerima On March 26, 2025, the Company received SKPKB
SKPKB dan STP, dengan perincian sebagai berikut: and STP, with detail below:
- SKPKB No. 00036/203/20/078/25 tanggal 26 - SKPKB No. 0036/203/20/078/25 dated March 26,
Maret 2025 atas Masa Desember Tahun Pajak 2025 for Income Tax Article 23 for the 2020 fiscal
2020 sebesar Rp291 year for the December period amounting to
Rp291
- SKPKB No. 00034/207/20/078/25 tanggal 26 - SKPKB No. 00034/207/20/078/25 dated March
Maret 2025 atas PPN untuk tahun pajak 2020 26, 2025 for Value Added Tax for the 2020 fiscal
Masa Desember sebesar year for the December period amounting to
Rp4 Rp4
- STP No. 00034/107/20/078/25 tanggal - STP No. 00034/107/20/078/25 dated March 26,
26 Maret 2025 atas PPN untuk tahun pajak 2025 for Value Added Tax for the 2020 fiscal year
2020 Masa Desember sebesar Rp5 for the December period amounting to Rp5
Perusahaan telah melunasi SKPKB dan STP The Company has paid such SKPKB and STP on
tersebut pada tanggal 17 April 2025 dan April 17, 2025, respectively, and recorded it in the
mencatatnya dalam bagian dari akun beban umum general and administration expenses account.
dan administrasi.
Pemeriksaan pajak tahun 2021 dan 2022 Examination of fiscal year 2021 and 2022
Pada tanggal 2 September 2025, Kantor Pelayanan On September 2, 2025, Madya Dua Jakarta Pusat
Pajak Madya Dua Jakarta Pusat menerbitkan Surat Tax Office issued a Tax Audit Notification Letter, as
Perintah Pemerikaan Nomor PRIN- outlined in Letter Number PRIN-
175/RIKIS/KPP.0617/2025 yang mencakup seluruh 175/RIKSIS/KPP.0617/2025 for all taxes for the
jenis pajak untuk Tahun Pajak 2021. fiscal year 2021.
Pada tanggal 21 Agustus 2025, Kantor Pelayanan On August 21, 2025, Madya Dua Jakarta Pusat Tax
Pajak Madya Dua Jakarta Pusat menerbitkan Surat Office issued a Tax Audit Notification Letter, as
Perintah Pemeriksaan Nomor PRIN- outlined in Letter Number PRIN-
176/RIKSIS/KPP.0617/2025 yang mencakup 176/RIKSIS/KPP.0617/2025 for all taxes for the
seluruh jenis pajak untuk Tahun Pajak 2022. fiscal year 2022.
Pajak Penghasilan Pilar Dua Pillar Two Income Taxes
Berbagai negara telah memberlakukan atau Various countries have enacted or intend to enact
bermaksud memberlakukan undang-undang tax legislation to comply with Pillar Two model rules,
perpajakan untuk mematuhi aturan model Pilar Dua, including Indonesia. The Company is within the
termasuk Indonesia. Perusahaan berada dalam scope of PMK 136/2024 and has come into effect
lingkup PMK 136/2024 dan mulai berlaku efektif from January 1, 2025.
sejak 1 Januari 2025.
PMK 136/2024 menerapkan mekanisme perpajakan PMK 136/2024 applies new taxing mechanisms
baru yang mensyaratkan Perusahaan Multinasional under which a Multinational Enterprises (“MNE”)
("PMN") untuk membayar pajak tambahan di suatu would pay a top-up tax in a jurisdiction whenever
yurisdiksi ketika tarif pajak efektif, yang ditentukan the efective tax rate, determined on a jurisdictional
berdasarkan yurisdiksi menurut aturan Pilar Dua, basis under the Pillar Two rules is below a 15%
lebih rendah dari tarif minimum 15%. PMK 136/2024 minimum rate. PMK 136/2024 sets out the
menetapkan mekanisme untuk menentukan entitas mechanics for determining which entity (or entities)
mana (atau entitas-entitas mana) dalam Grup PMN in an MNE Group should apply the top-up tax and
yang harus menerapkan pajak tambahan tersebut the portion of such tax that is charged to each
dan porsi pajak yang dibebankan kepada setiap relevant entity.
entitas terkait.
127
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The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. PERPAJAKAN (lanjutan) 14. TAXATION (continued)
Pajak Penghasilan Pilar Dua (lanjutan) Pillar Two Income Taxes (continued)
Perusahaan saat ini telah melakukan penilaian The Company has performed assessment of the
potensi eksposur terhadap pajak penghasilan Pilar potential exposure to Pillar Two income taxes.
Dua. Berdasarkan penilaian, Perusahaan Based on the assessment, the company is not
diestimasikan tidak memiliki tambahan beban pajak expected to have Pillar Two income taxes
penghasilan Pilar Dua. exposure.
15. UTANG LAIN-LAIN 15. OTHER LIABILITIES
Rincian utang lain-lain adalah sebagai berikut: Details of other liabilities are as follows:
31 Desember/December 31,
2025 2024
Cadangan kewajiban litigasi (Catatan 29) 159.002 30.791 Allowance for litigation liabilities (Note 29)
Klaim lapse 39.681 31.957 Lapse claim
Utang pembelian perlengkapan 8.567 6.343 Purchase of office supplies
Utang investasi 8.423 36.132 Investment Payable
Management fee KPD (Catatan 28g) 6.292 5.724 Management fee KPD (Note 28g)
Utang pemasaran 899 899 Marketing payables
Utang tolakan klaim Claim and commission
dan komisi 842 400 refusal payable
Lain-lain 56 129 Others
Total 223.762 112.375 Total
16. SIMPANAN PEMEGANG POLIS 16. POLICYHOLDERS’ DEPOSITS
Akun ini merupakan premi yang dibayar di muka This account consists of premium paid in advance
dan premi yang telah diterima namun masih dalam and premium received but in process of
proses identifikasi, dengan rincian sebagai berikut: identification, with details as follows:
31 Desember/December 31,
2025 2024
Pihak ketiga Third parties
Rupiah Rupiah
Seumur hidup 115.558 113.530 Whole life
Dwiguna 77.239 72.479 Endowment
Kesehatan 28.474 34.801 Health
Jangka warsa 27.266 18.170 Death term life
Non-tradisional 19.449 3.344 Non-traditional
Kecelakaan diri 11.907 5.680 Personal accident
Titipan belum teridentifikasi 28.209 26.984 Unidentified deposits
Sub-total 308.102 274.988 Sub-total
Dolar A.S. U.S. Dollar
Seumur hidup 16.941 4.847 Whole life
Jangka Warsa 835 661 Death Term Life
Non-tradisional 252 59 Non-traditional
Dwiguna 140 4 Endowment
Kecelakaan Diri 2 1 Personal Accident
Titipan belum teridentifikasi 2.564 903 Unidentified deposits
Sub-total 20.734 6.475 Sub-total
Total simpanan pemegang polis 328.836 281.463 Total policyholder’s deposits
128
Page 456
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. LIABILITAS IMBALAN KERJA KARYAWAN 17. EMPLOYEE BENEFITS LIABILITY
Jumlah imbalan kerja karyawan ditentukan The amount of employee benefits is determined
berdasarkan Undang-Undang No. 6 Tahun 2023 based on the Labor Law No. 6 Year 2023, dated
tanggal 31 Maret 2023. March 31, 2023.
Beban imbalan kerja disajikan sebagai bagian dari Employee benefits expense is presented as part of
beban umum dan administrasi dalam laporan laba general and administrative expenses in the
rugi dan penghasilan komprehensif lain. statement of profit or loss and other comprehensive
income.
Perusahaan mengakui liabilitas imbalan kerja The Company recognized employee benefits liability
karyawan berdasarkan perhitungan aktuaris pada based on the actuarial calculations as of
tanggal 31 Desember 2025 dan 2024 yang December 31, 2025 and 2024 prepared by KKA
dilaksanakan oleh KKA Enny Diah Awal masing- Enny Diah Awal in its reports dated February 26,
masing tertanggal 26 Februari 2026 dan 20 Januari 2026 and January 20, 2025, respectively.
2025.
Asumsi - asumsi aktuarial utama yang digunakan Major actuarial assumptions used are as follows:
adalah sebagai berikut:
2025 2024
Tingkat diskonto per tahun Discount rate per annum
Pasca-kerja 6,40% 7,10% Post-employment benefits
Imbalan jangka panjang lainnya 6,00% 7,10% Other long-term benefits
Tingkat kenaikan gaji tahunan 6,00% 8,00% Annual salary increase rate
Tingkat kematian TMI IV-2019 TMI IV-2019 Mortality rate
10% dari/of 10% dari/of
Tingkat kecacatan TMI IV-2019 TMI IV-2019 Disability rate
Usia pensiun normal 55 tahun/ 55 tahun/ Normal retirement age
55 years 55 years
Tingkat pengunduran diri 20% pada 10% pada Resignation rate
usia 20 tahun usia 20 tahun
dan kemudian dan kemudian
turun linear sampai turun linear sampai
dengan 0% pada dengan 0% pada
usia 55/20% at usia 55/10% at
the age of 20 the age of 20
and then decrease and then decrease
linearly to 0% linearly to 0%
at the age 55 at the age 55
Tabel berikut ini menunjukkan komponen liabilitas The following tables summarize the components of
imbalan kerja karyawan yang diakui dalam laporan employee benefits liability recognized in the
posisi keuangan dan beban imbalan kerja yang statements of financial position and employee
diakui dalam laporan laba rugi dan penghasilan benefits expense recognized in the statements of
komprehensif lain: profit or loss and other comprehensive income:
a. Total liabilitas imbalan kerja karyawan adalah a. Total employee benefits liability are as follows:
sebagai berikut:
2025 2024
Imbalan pasca-kerja 53.718 57.098 Post-employment benefits
Nilai wajar aset program (42.805) (39.681) Fair value of plan assets
Imbalan jangka panjang lainnya 10.183 8.556 Other long-term benefit
Program perjanjian Fixed term employement
kerja waktu tertentu 725 137 agreement program
Total 21.821 26.110 Total
129
Page 457
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. LIABILITAS IMBALAN KERJA KARYAWAN 17. EMPLOYEE BENEFITS LIABILITY (continued)
(lanjutan)
b. Mutasi nilai kini liabilitas kerja karyawan adalah b. The movements of employee benefits liability
sebagai berikut: are as follows:
31 Desember/December 31, 2025
Imbalan Perjanjian kerja
Pasca-Kerja/ Imbalan jangka waktu tertentu/
Post- panjang lainnya/ Fixed term
employement Other long-term employement
benefits benefits agreement Total
Saldo awal 17.417 8.556 137 26.110 Beginning balance
Beban imbalan karyawan Employee benefits expense
selama tahun berjalan 13.281 2.555 732 16.568 during the year
Pengukuran kembali Remeasurement
yang diakui di penghasilan recognized in other
komprehensif lain (19.724) - - (19.724) comprehensive income
Pembayaran imbalan kerja (61) (928) (144) (1.133) Benefit payment
Pembayaran kontribusi - - - - Contribution payment
Saldo akhir tahun 10.913 10.183 725 21.821 Ending balance at end of year
31 Desember/December 31, 2024
Imbalan Perjanjian kerja
Pasca-Kerja/ Imbalan jangka waktu tertentu/
Post- panjang lainnya/ Fixed term
employement Other long-term employement
benefits benefits agreement Total
Saldo awal 10.184 7.116 1.001 18.301 Beginning balance
Beban imbalan karyawan Employee benefits expense
selama tahun berjalan 11.730 1.904 (117) 13.517 during the year
Pengukuran kembali Remeasurement
yang diakui di penghasilan recognized in other
komprehensif lain (4.375) - - (4.375) comprehensive income
Pembayaran imbalan kerja (122) (464) (747) (1.333) Benefit payment
Pembayaran kontribusi - - - - Contribution payment
Saldo akhir tahun 17.417 8.556 137 26.110 Ending balance at end of year
c. Rincian beban imbalan kerja adalah sebagai c. The details of the employee benefits expense
berikut: are as follows:
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2025
Imbalan Perjanjian kerja
Pasca-Kerja/ Imbalan jangka waktu tertentu/
Post- panjang lainnya/ Fixed term
employement other long-term employement
benefits benefits agreement Total
Biaya jasa kini 12.047 2.171 732 14.950 Current service costs
Beban bunga-neto 1.234 516 - 1.750 Interest cost-net
Pesangon - - - - Severance pay
Keuntungan aktuarial - (132) - (132) Actuarial gain
Beban imbalan kerja neto 13.281 2.555 732 16.568 Net employee benefits expense
130
Page 458
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. LIABILITAS IMBALAN KERJA KARYAWAN 17. EMPLOYEE BENEFITS LIABILITY (continued)
(lanjutan)
c. Rincian beban imbalan kerja adalah sebagai c. The details of the employee benefits expense
berikut: (lanjutan) are as follows: (continued)
Tahun yang berakhir pada tanggal 31 Desember/
Year ended December 31, 2024
Imbalan Perjanjian kerja
Pasca-Kerja/ Imbalan jangka waktu tertentu/
Post- panjang lainnya/ Fixed term
employement other long-term employement
benefits benefits agreement Total
Biaya jasa kini 11.052 1.628 609 13.289 Current service costs
Beban bunga-neto 678 440 - 1.118 Interest cost-net
Pesangon - - - - Severance pay
Keuntungan aktuarial - (164) (726) (890) Actuarial gain
Beban imbalan kerja neto 11.730 1.904 (117) 13.517 Net employee benefits expense
d. Profil jatuh tempo pembayaran manfaat di masa d. The maturity profile of future benefit payment
depan yang tidak didiskontokan pada tanggal undiscounted as of December 31, 2025 and
31 Desember 2025 dan 2024 adalah sebagai 2024, are as follows:
berikut:
2025 2024
Di bawah 1 tahun 2.983 1.511 Within a year
1 - 2 tahun 12.183 2.822 1 - 2 years
2 - 5 tahun 22.245 25.596 2 - 5 years
Lebih dari 5 tahun 321.205 598.896 More than 5 years
Total 358.616 628.825 Total
Durasi rata-rata dari kewajiban imbalan kerja The average duration of the benefit obligation
karyawan pada tanggal 31 Desember 2025 dan as of December 31, 2025 and 2024 is 11.08
2024 masing-masing adalah 11,08 tahun dan years and 13.99 years, respectively.
13,99 tahun.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, sensitivity
analisa sensitivitas atas asumsi-asumsi analysis for actuarial assumption are as follows:
aktuarial adalah sebagai berikut:
31 Desember 2025/December 31, 2025
Tingkat diskonto/ Kenaikan gaji di masa depan/
Discount rates Future salary increases
Pengaruh nilai Pengaruh nilai
kini atas kini atas
liabilitas liabilitas
imbalan kerja/ imbalan kerja/
Effect on Effect on
present value present value
Persentase/ of benefits Persentase/ of benefits
Percentage obligation Percentage obligation
Kenaikan 1% (4.594) 1% 4.338 Increase
Penurunan (1%) 4.342 (1%) (4.665) Decrease
131
Page 459
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. LIABILITAS IMBALAN KERJA (lanjutan) 17. EMPLOYEE BENEFIT LIABILITY (continued)
e. Analisa sensitivitas untuk asumsi aktuarial e. Sensitivity analysis for actuarial assumptions
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, sensitivity
analisa sensitivitas atas asumsi-asumsi analysis for actuarial assumption are as follows:
aktuarial adalah sebagai berikut: (lanjutan) (continued)
31 Desember 2024/December 31, 2024
Tingkat diskonto/ Kenaikan gaji di masa depan/
Discount rates Future salary increases
Pengaruh nilai Pengaruh nilai
kini atas kini atas
liabilitas liabilitas
imbalan kerja/ imbalan kerja/
Effect on Effect on
present value present value
Persentase/ of benefits Persentase/ of benefits
Percentage obligation Percentage obligation
Kenaikan 1% (5.170) 1% 5.774 Increase
Penurunan (1%) 5.850 (1%) (5.201) Decrease
18. MODAL SAHAM 18. CAPITAL STOCK
Modal saham Share capital
Rincian pemegang saham Perusahaan dan The details of the Company’s shareholders and their
pemilikannya pada tanggal 31 Desember 2025 dan ownership interest as of December 31, 2025 and
2024 adalah sebagai berikut: 2024 are as follows:
Jumlah saham
ditempatkan
dan disetor penuh
(nilai penuh)/
Number of Persentase
shares issued pemilikan/
and fully paid Percentage Nilai/
Pemegang saham (full amount) of ownership Amount Shareholders
Kepemilikan di atas 5% setiap pihak Ownership more than 5% each
Mitsui Sumitomo Insurance Co., Ltd . 1.680.000.000 80,00% 168.000 Mitsui Sumitomo Insurance Co., Ltd.
PT Sinar Mas Multiartha Tbk 262.500.000 12,50% 26.250 PT Sinar Mas Multiartha Tbk
Masyarakat (kepemilikan di bawah 5%
setiap pihak) 157.500.000 7,50% 15.750 Public (ownership less than 5% each)
Total 2.100.000.000 100,00% 210.000 Total
Berdasarkan Berita Acara Rapat Umum Pemegang Based on Extraordinary General Shareholders
Saham Luar Biasa (RUPSLB) No. 35 tertanggal Meeting (EGMS) No. 35 dated August 22, 2019 of
22 Agustus 2019 dari Notaris Aulia Taufani, S.H., Aulia Taufani, S.H., which was notarized by Notarial
yang diaktakan sesuai dengan Akta No. 44 Notaris Deed No. 44 of Aulia Taufani, S.H., dated
Aulia Taufani, S.H., tertanggal 20 September 2019, September 20, 2019, that was notified to the Ministry
yang telah diberitahukan kepada Kementerian of Laws and Human Rights of the Republic of
Hukum dan Hak Asasi Manusia dan telah menerima Indonesia and has received the receipt of
surat penerimaan pemberitahuan Perubahan acknowledgment of notification letter of the
Anggaran Dasar No. AHU-AH.01.03-0341332 Amandments to the Articles of Association
tanggal 4 Oktober 2019, para pemegang saham No. AHU-AH.01.03-0341332 dated October 4, 2019,
Perusahaan menyetujui untuk melakukan the shareholders agreed to distributed
pembagian 1.050.000.000 saham bonus yang 1,050,000,000 bonus shares, originating from
berasal dari agio saham, masing-masing dengan additional paid-in capital with value of Rp100 for
nilai Rp100 setiap saham. each share.
132
Page 460
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. MODAL SAHAM (lanjutan) 18. CAPITAL STOCK (continued)
Modal saham (lanjutan) Share capital (continued)
Dengan demikian, RUPSLB menyetujui peningkatan Thereby the Extraordinary General Shareholders
modal ditempatkan dan modal disetor Perusahaan Meeting (EGMS) agree to increase issued and fully
dari semula sebesar Rp105.000 menjadi sebesar paid capital of the Company from Rp105,000 to
Rp210.000. Sehubungan dengan pembagian saham Rp210,000. In association with distribution of bonus
bonus yang berasal dari agio saham, Tambahan shares from additional paid-in capital, the amount of
Modal Disetor pada tanggal 31 Desember 2025 dan additional paid-in capital as of December 31, 2025
2024 adalah sebesar Rp6.842.500. and 2024 is Rp6,842,500.
Pengelolaan modal Capital management
Tujuan utama dari pengelolaan modal Perusahaan The primary objective of the Company’s capital
adalah untuk mempertahankan rasio modal yang management is to ensure that it maintains healthy
sehat untuk mendukung bisnis dan memaksimalkan capital ratios in order to support its business and
nilai pemegang saham. Perusahaan mengelola maximize shareholder value. The Company
struktur modal dan membuat perubahan, apabila manages its capital structure and makes changes to
diperlukan, sehubungan dengan perubahan kondisi it, where appropriate, in relation to changes in
ekonomi, struktur bisnis dan perkembangan dalam economic conditions, business structure and
industri. developments in the industry.
Pengelolaan rasio modal juga diperlukan sebagai The capital ratios management is also required as
unsur kepatuhan terhadap Peraturan Menteri a compliance factor to the Ministry of Finance
Keuangan mengenai rasio pencapaian solvabilitas Regulation relating to solvency ratio which is
yang dihitung dengan pendekatan modal berbasis calculated with risk based capital method.
risiko.
Modal minimum Minimum capital
Berdasarkan Peraturan Otoritas Jasa Keuangan Under Financial Services Authority (OJK)
Republik Indonesia No. 23 Tahun 2023 tentang Regulations No. 23 of year 2023 regarding
“Perizinan Usaha Dan Kelembagaan Perusahaan “Licensing of Insurance Business and Company,
Asuransi, Perusahaan Asuransi Syariah, Sharia Insurance Company, Reassurance
Perusahaan Reasuransi, Dan Perusahaan Company, and Sharia Reassurance Company”,
Reasuransi Syariah” entitas asuransi jiwa a life insurance entity is required to maintain
diharuskan untuk menjaga modal minimumnya. a required minimum capital. Under the regulation,
Berdasarkan peraturan tersebut, modal sendiri owned capital is defined as the accumulation of paid
didefinisikan sebagai akumulasi dari modal disetor, in capital, additional paid-in capital, retained
tambahan modal disetor (agio), saldo laba, earnings, general reserves, specific reserves,
cadangan umum, cadangan tujuan, kenaikan atau increase or decrease in value of securities and
penurunan nilai surat berharga dan selisih penilaian difference in revaluation of fixed assets.
aset tetap.
Konsisten dengan pelaku industri lainnya, Consistent with others in the industry, the Company
Perusahaan memonitor rasio solvabilitas yang monitors solvency ratio which is calculated in
dihitung berdasarkan Peraturan Otoritas Jasa accordance with Regulation of Financial Authority
Keuangan Nomor 5 Tahun 2023 tentang Perubahan Services Number 5 of 2023 regarding the Second
Kedua Atas Peraturan Otoritas Jasa Keuangan Amendment to Regulation of Financial Authority
No. 71/POJK.05/2016 tentang Kesehatan Keuangan Services No. 71/POJK.05/2016 regarding The
Perusahaan Asuransi dan Reasuransi. Perusahaan Financial Soundness of the Insurance and
diwajibkan untuk memenuhi rasio solvabilitas untuk Reinsurance Company. The Company is required to
paling sedikit 100% dengan tingkat internal paling have minimum solvency ratio 100% with the internal
rendah 120% dari risiko kerugian yang mungkin target at minimum of 120% of the risk of loss which
timbul sebagai akibat dari deviasi dalam may arise from deviation in management of assets
pengelolaan kekayaan dan liabilitas. and liabilities.
133
Page 461
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. MODAL SAHAM (lanjutan) 18. CAPITAL STOCK (continued)
Modal minimum (lanjutan) Minimum capital (continued)
Perbandingan modal Perusahaan dan minimum A comparison of the Company’s capital and the
jumlah modal yang diminta adalah sebagai berikut: minimum required amount are as follows:
31 Desember/December 31,
2025 2024
Modal sendiri yang tersedia 8.510.391 8.415.964 Available owned capital
Modal sendiri yang dipersyaratkan 1.000.000 1.000.000 Required owned capital
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Company
Perusahaan telah memenuhi persyaratan peraturan has fulfilled the regulatory requirements for the
untuk minimum modal sendiri. minimum owned capital.
Minimum modal kerja untuk usaha Syariah Minimum working capital for Sharia activities
Berdasarkan Peraturan Pemerintah yang sama, Under the same Government Regulation, a life
entitas asuransi jiwa dengan usaha syariah diminta insurance entity with sharia activities is required to
untuk memiliki minimum modal kerja sebesar have a minimum working capital of Rp25,000 for its
Rp25.000 untuk usaha syariahnya. sharia activities.
Berdasarkan Peraturan Otoritas Jasa Keuangan Based on the Regulation of Financial Authority
Nomor 6 Tahun 2023 tentang Perubahan Kedua Services Number 6 of 2023 regarding the
Atas Peraturan Otoritas Jasa Keuangan Second Amendment to Regulation of Financial
No. 72/POJK.05/2016 tanggal 28 Desember 2016 Authority Services No. 72/POJK.05/2016 dated
tentang Kesehatan Keuangan Usaha Asuransi dan December 28, 2016 regarding Financial Soundness
Usaha Reasuransi dengan Prinsip Syariah, of Insurance and Reinsurance Business with Sharia
Perusahaan diwajibkan untuk memenuhi rasio Principle, the Company is required to have minimum
solvabilitas untuk dana tabarru’ dan dana tanahud solvency ratio for tabarru’ fund and tanahud fund of
paling sedikit 100% dengan target internal minimal 100% with minimum internal target at 120%of the
sebesar 120% dari risiko kerugian yang mungkin risk of loss which may arise from deviation in
timbul sebagai akibat dari deviasi dalam management of assets and liabilities.
pengelolaan kekayaan dan liabilitas.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the Company
persyaratan minimum modal kerja Perusahaan telah was in compliance with this minimum working capital
terpenuhi. requirement.
19. DIVIDEN & CADANGAN UMUM 19. DIVIDEN AND GENERAL RESERVES
Berdasarkan Rapat Umum Pemegang Saham Based on the Company's Annual General Meeting
Tahunan Perusahaan tanggal 24 Juni 2025, para of Shareholders on June 24, 2025, the shareholders
pemegang saham memutuskan dan menyetujui decided and approved the use of the 2024 net profit
penggunaaan laba bersih 2024 sebesar Rp3.394 of Rp3,394 to be set aside as a reserve fund and
disisihkan untuk dana cadangan dan menyetujui approved the distribution of cash dividends to the
pembagian dividen tunai kepada Pemegang Saham Company's Shareholders for a total of Rp336,000
Perusahaan dengan total sebesar Rp336.000 (Rp160 (full amount) per share).
(Rp160 (nilai penuh) per saham).
Berdasarkan Rapat Umum Pemegang Saham Based on the Company's Annual General Meeting
Tahunan Perusahaan tanggal 25 Juni 2024, para of Shareholders on June 25, 2024, the shareholders
pemegang saham memutuskan dan menyetujui decided and approved the use of the 2023 net profit
penggunaaan laba bersih 2023 sebesar Rp762 of Rp762 to be set aside as a reserve fund and
disisihkan untuk dana cadangan dan menyetujui approved the distribution of cash dividends to the
pembagian dividen tunai kepada Pemegang Saham Company's Shareholders for a total of Rp79,800
Perusahaan dengan total sebesar Rp79.800 (Rp38 (Rp38 (full amount) per share).
(nilai penuh) per saham).
134
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The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. DANA PESERTA 20. PARTICIPANTS’ FUND
31 Desember/December 31,
2025 2024
Dana Tabarru dan Tanahud 16.338 13.695 Tabarru and Tanahud fund
Dana investasi peserta: Participant’s investment fund:
Akad Wakalah 143.891 143.557 Akad Wakalah
Akad Mudharabah 33.077 27.343 Akad Mudharabah
Sub-total 176.968 170.900 Sub-total
Total dana peserta 193.306 184.595 Total participants’ fund
a. Laporan surplus (defisit) dana tabarru dan tanahud a. Statement of surplus (deficit) tabarru and tanahud
fund
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
PENDAPATAN ASURANSI INSURANCE INCOME
Kontribusi bruto 58.482 80.667 Contributions income
Bagian pengelola atas Operator share of contribution
kontribusi (ujrah pengelola) (22.129) (32.627) (ujrah for operator)
Bagian reasuransi atas kontribusi (1.720) (2.219) Reinsurance share of contributions
Total 34.633 45.821 Total
BEBAN ASURANSI INSURANCE EXPENSE
Klaim dan manfaat 76.665 62.848 Claims and benefits
Klaim reasuransi 541 (2.791) Reinsurance claim recoveries
Kenaikan (penurunan) Increase (decrease) in
penyisihan klaim 112 1.154 claims reserves
Kenaikan (penurunan) kontribusi Increase (decrease) in
yang belum menjadi hak 658 (69) unearned contributions
(Penurunan) kenaikan penyisihan (Decrease) increase in reserve for
manfaat polis masa depan (21.053) (17.065) future policy benefits
Penurunan Decrease
aset reasuransi (3.241) 1.631 in reinsurance assets
Total 53.682 45.708 Total
(DEFISIT) SURPLUS SURPLUS
UNDERWRITING (19.049) 113 (DEFICIT) UNDERWRITING
Dikurangi: Less:
(Surplus) Defisit underwriting Underwriting deficit (Surplus)
dialokasikan ke Perusahaan - - allocated to the Company
(Surplus) Defisit underwriting Underwriting deficit (Surplus)
dialokasikan ke Peserta - - allocated to the Participants’
(Defisit) surplus yang (Deficit) Surplus
didistribusikan ke dana tabarru distribute to tabarru and
dan tanahud (19.049) 113 tanahud fund
PENDAPATAN DAN INVESTMENT INCOME
BEBAN INVESTASI AND EXPENSES
Total pendapatan investasi, neto 13.341 13.066 Total investment income, net
Dikurangi: Less:
Beban pengelolaan portofolio Investments portofolio
investasi (8.921) (8.082) management fee
Pajak final (1.171) (1.242) Final tax
Pendapatan (beban) lain-lain, neto 16.153 95 Other income (expense), net
135
Page 463
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. DANA PESERTA (lanjutan) 20. PARTICIPANTS’ FUND (continued)
a. Laporan surplus (defisit) dana tabarru (lanjutan) a. Statement of surplus (deficit) tabarru fund
(continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE
LAIN INCOME
Perubahan nilai wajar investasi, neto 2.290 (1.082) Changes in fair value of investment, net
SURPLUS SURPLUS
DANA TABARRU DAN TABARRU AND
TANAHUD 2.643 2.868 TANAHUD FUND
SALDO AWAL BEGINNING BALANCE OF
DANA TABARRU DAN TABARRU AND
TANAHUD 13.695 10.827 TANAHUD FUND
Pengembalian ujrah ke Refund from ujrah
Dana Tabarru - - to tabarru fund
SALDO AKHIR ENDING BALANCE OF
DANA TABARRU DAN TABARRU AND
TANAHUD 16.338 13.695 TANAHUD FUND
b. Dana investasi peserta b. Participant’s investment fund
(i) Dana investasi peserta dengan akad (i) Participants’ investment fund using
wakalah bil ujrah wakalah bil ujrah agreement
Rincian akun ini berdasarkan jenis dana, Details of this account according to its
sebagai berikut: funds are as follows:
31 Desember/December 31,
2025 2024
Simas Magna Link Syariah 33.470 30.018 Simas Magna Link Syariah
Smile Link Pro Syariah 30.579 26.021 Smile Link Pro Syariah
Simas Prime Link Syariah 29.431 37.439 Simas Prime Link Syariah
Smile Link 88 Syariah 15.946 16.783 Smile Link 88 Syariah
Excellent 80 Plus Syariah 8.419 8.293 Excellent 80 Plus Syariah
Smile Link Syariah 6.762 6.609 Smile Link Syariah
Smile Link 99 Syariah 6.200 5.529 Smile Link 99 Syariah
Amanah Link Syariah 3.911 3.629 Amanah Link Syariah
Eka Link Family Syariah 2.860 2.946 Eka Link Family Syariah
SMiLe Link Pro 100 Syariah 1.932 1.698 SMiLe Link Pro 100 Syariah
Simas Power Link Syariah 1.776 1.855 Simas Power Link Syariah
B Smile Protection Syariah 1.317 1.381 B SMile Protection Syariah
Jempol Link Syariah 805 771 Jempol Link Syariah
Smile Link Bridge Syariah 253 301 Smile Link Bridge Syariah
Smile Link Proasset Syariah 88 86 Smile Link Proasset Syariah
Berkah Link 52 48 Berkah Link
Smile Premium Link Syariah 47 91 Smile Premium Link Syariah
Mabrur 15 16 Mabrur
Smile Link Ultimate Syariah 11 10 Smile Link Ultimate Syariah
B Smile Insurance Syariah 9 10 B SMile Insurance Syariah
Smile Link Medifest Syariah 8 23 Smile Link Medifest Syariah
Total 143.891 143.557 Total
136
Page 464
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. DANA PESERTA (lanjutan) 20. PARTICIPANTS’ FUND (continued)
b. Dana investasi peserta (lanjutan) b. Participant’s investment fund (continued)
(ii) Dana investasi peserta dengan akad (ii) Participants’ investment fund using
mudharabah mudharabah agreement
31 Desember/December 31,
2025 2024
Smile Kid Insurance Syariah 24.082 19.115 Smile Kid Insurance Syariah
Power Save 5.659 6.309 Power Save
Smile Life Syariah 1.951 1.450 Smile Life Syariah
Smile Multi Invest Syariah 728 694 Smile Multi Invest Syariah
Sub-total per jenis dana 32.420 27.568 Sub-total per fund
Perubahan nilai Changes in fair value
wajar investasi, neto 657 (225) of investment, net
Total 33.077 27.343 Total
Jumlah sebesar Rp657 dan (Rp225) adalah The amount of Rp657 and (Rp225) is part of
bagian dari keuntungan (kerugian) yang the unrealized gain (loss) on changes in fair
belum direalisasi atas perubahan nilai wajar value of sukuk measured at fair value
sukuk yang diukur pada nilai wajar melalui through other comprehensive income in
penghasilan komprehensif lain masing 2025 and 2024, respectively.
masing pada tahun 2025 dan 2024.
21. PENDAPATAN INVESTASI DAN PENDAPATAN 21. INVESTMENT INCOME AND INSURANCE AND
(BEBAN) KEUANGAN ATAS ASURANSI DAN REINSURANCE FINANCE INCOME (EXPENSE)
REASURANSI
Pendapatan investasi dan pendapatan (beban) Investment income and insurance and reinsurance
keuangan atas asuransi dan reasuransi terdiri dari: finance income (expense) consist of:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Diakui ke laba rugi Recognised in profit loss
Pendapatan investasi bersih Net investment income
dari aset pendasar 989.860 521.105 from underlying assets
Pendapatan investasi bersih Net investment income
dari investasi lainnya 39.310 42.735 from other investments
Beban keuangan dari Finance expenses from
kontrak asuransi (400.675) (75.467) insurance contracts
Pendapatan (beban) Finance income
keuangan dari (expenses) from
kontrak reasuransi - - reinsurance contracts
Total diakui ke laba rugi 628.495 488.373 Total recognised in profit loss
137
Page 465
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PENDAPATAN INVESTASI DAN PENDAPATAN 21. INVESTMENT INCOME AND INSURANCE AND
(BEBAN) KEUANGAN ATAS ASURANSI DAN REINSURANCE FINANCE INCOME (EXPENSE)
REASURANSI (LANJUTAN) (CONTINUED)
Pendapatan investasi dan pendapatan (beban) Investment income and insurance and reinsurance
keuangan atas asuransi dan reasuransi terdiri dari: finance income (expense) consist of: (continued)
(lanjutan)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Diakui di laba Recognised in other
komprehensif lain (OCI) comprehensive income
Pendapatan investasi bersih Net investment income
dari aset pendasar 347.776 (129.095) from underlying assets
Pendapatan investasi bersih Net investment income
dari investasi lainnya - - from other investments
Pendapatan (beban) Finance income
keuangan dari (expenses) from
kontrak asuransi (147.877) 63.028 insurance contracts
Pendapatan (beban) Finance income
keuangan dari (expenses) from
kontrak reasuransi - - reinsurance contracts
Total diakui di laba Total recognised in other
komprehensif lain (OCI) 199.899 (66.067) comprehensive income
22. PENDAPATAN INVESTASI - NETO 22. INVESTMENT INCOME - NET
Pendapatan investasi, neto terdiri dari: Investment income, net consist of:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pendapatan bunga dari Interest revenue from
aset keuangan yang financial assets not
tidak diukur pada FVTPL 563.949 495.503 measured at FVTPL
Keuntungan bersih dari Net gains on
investasi FVTPL 419.414 23.783 FVTPL investments
Keuntungan penurunan nilai Net credit impairment
kredit bersih (10.533) (5.177) losses
Keuntungan bersih atas Net gains on investments
investasi pada efek in debt securities
utang diukur pada FVOCI 17.030 6.996 measured at FVOCI
Pendapatan investasi bersih Net investment income
dari aset pendasar 989.860 521.105 from underlying assets
Pendapatan bunga dari Interest revenue from financial
aset keuangan yang assets not measured
tidak diukur pada FVTPL 36.745 40.324 under FVTPL
Keuntungan bersih dari Net gains on FVTPL
investasi FVTPL - - investments
Keuntungan bersih dari Net gains from the
Penghentian pengakuan derecognition of
aset keuangan yang financial assets
diukur pada AC - - measured at AC
Keuntungan penurunan nilai Net credit impairment
kredit bersih - - losses
Keuntungan bersih atas Net gains on investment
investasi pada efek in debt securities
utang diukur pada FVOCI 2.565 2.411 measured at FVOCI
Pendapatan investasi bersih Net investment income
dari investasi lainnya 39.310 42.735 from other investments
138
Page 466
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. PENDAPATAN INVESTASI - NETO (LANJUTAN) 22. INVESTMENT INCOME - NET (CONTINUED)
Pendapatan investasi neto terdiri dari: (lanjutan) Investment income - net consist of: (continued)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Pendapatan bunga dari Interest revenue from financial
aset keuangan yang assets not measured
tidak diukur pada FVTPL - - under FVTPL
Keuntungan bersih dari Net gains on FVTPL
investasi FVTPL - - investments
Keuntungan penurunan nilai Net credit impairment
kredit bersih - - losses
Keuntungan bersih atas Net gains on investment
investasi pada efek in debt securities
utang diukur pada FVOCI - - measured at FVOCI
Pendapatan (beban) Net insurance finance
keuangan asuransi neto 1.029.170 563.840 income (expense)
Perubahan nilai wajar aset pendasar Changes in fair value of underlying asset
kontrak yang diukur berdasarkan VFA (287.428) 47.529 of contracts measured under VFA
Akresi bunga (113.248) (122.818) Accretion of interest
Dampak perubahan tingkat suku bunga Effect of changes in interest rates and
dan asumsi keuangan lainnya (148.990) 81.940 other financial assumptions
Dampak pengukuran perubahan estimasi Effect of measuring changes in estimates
pada tingkat saat ini dan penyesuaian at current rates and adjusting the CSM at
CSM pada tingkat locked-in rates 5.215 (13.631) locked-in rates
Penghasilan (beban) selisih kurs (4.101) (5.459) Net foreign exchange income (expense)
Penghasilan (beban) keuangan lainnya Other finance income (expense) from
dari kontrak asuransi - - insurance contracts
(Beban) pendapatan Finance (expense) income
keuangan dari kontrak from insurance
asuransi neto (548.552) (12.439) contract held, net
Akresi bunga - - Accretion of interest
Dampak perubahan tingkat suku bunga Effect of changes in interest rates and
dan asumsi keuangan lainnya - - other financial assumptions
Dampak pengukuran perubahan estimasi Effect of measuring changes in estimates
pada tingkat saat ini dan penyesuaian at current rates and adjusting the CSM at
CSM pada tingkat locked-in rates - - locked-in rates
Penghasilan (beban) selisih kurs neto - - Net foreign exchange income (expense)
Penghasilan (beban) keuangan lainnya Other finance income (expense) from
dari kontrak asuransi - - insurance contracts
Pendapatan (beban) Finance income (expense)
keuangan dari kontrak from reinsurance
reasuransi, neto - - contract held, net
139
Page 467
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PENDAPATAN LAIN-LAIN DAN BEBAN LAIN- 23. OTHER INCOME AND OTHER EXPENSES
LAIN
a. PENDAPATAN LAIN-LAIN a. OTHER INCOME
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Fee pengelola dari DPLK 11.773 12.076 Management fee from DPLK
Hasil investasi dialokasikan Investment income allocated
untuk Perusahaan for the Company
(sebagai operator) 8.921 8.082 (as operator)
Pendapatan jasa giro 8.382 6.000 Interest income on bank accounts
Potongan klaim 5.468 2.617 Claim discount
Pendapatan rabat 3.463 2.003 Rebate income
Keuntungan penjualan Gain on sale
aset tetap (Catatan 9) 1.690 1.534 of fixed assets (Note 9)
Keuntungan atas pembalikan Gain on reversal
cadangan kewajiban litigasi - 128.148 of allowance for litigation liabilities
Pendapatan lain-lain 28.560 9.270 Others income
Total 68.257 169.730 Total
b. BEBAN LAIN-LAIN b. OTHER EXPENSES
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Beban umum dan administrasi General and administration expenses
- Syariah 26.290 26.533 - Sharia
Beban pemasaran - Syariah 5.720 - Marketing expenses - Sharia
Biaya akuisisi - Syariah 8.498 16.238 Aqcuisition expenses - Sharia
Kerugian investasi mudharabah Investment loss mudharabah
dialokasikan untuk Perusahaan allocated to the Company
(sebagai operator) 1.802 11.928 (as operator)
Lain-lain 44.930 45.938 Other
Total 87.240 100.637 Total
Perusahaan tidak memiliki klaim dan manfaat The Company did not have claim and benefits
dengan satu pemegang polis yang memiliki from a policyholder with contribution above
kontribusi di atas 10% terhadap total klaim dan 10% from total claim and benefits.
manfaat.
24. LABA PER SAHAM 24. EARNINGS PER SHARE
Laba per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing
laba tahun berjalan yang dapat diatribusikan kepada the income for the year attributable to shareholders
pemilik entitas induk dengan jumlah rata-rata by the weighted-average number of ordinary shares
tertimbang saham biasa yang beredar pada tahun outstanding during the year.
bersangkutan.
Perusahaan tidak mempunyai efek berpotensi The Company has no outstanding potential dilutive
saham biasa yang bersifat dilutif pada tanggal- ordinary shares at reporting dates. Accordingly, no
tanggal pelaporan. Oleh karenanya, laba per saham diluted earnings per share are calculated and
dilusian tidak dihitung dan disajikan pada laporan presented in the statement of profit or loss and other
laba rugi dan penghasilan komprehensif lain. comprehensive income.
140
Page 468
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. LABA PER SAHAM (LANJUTAN) 24. EARNINGS PER SHARE (CONTINUED)
Rincian perhitungan laba per saham adalah sebagai Details of earnings per share calculation is as
berikut: follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Laba tahun berjalan 206.228 371.689 Income for the year
Rata-rata tertimbang jumlah Weighted average
saham biasa yang number of outstanding
beredar (nilai penuh) 2.100.000.000 2.100.000.000 shares (full amount)
Laba per saham dasar dari laba Basic earnings per share
tahun berjalan yang dapat from income for the year
diatribusikan kepada pemilik attributable to the owners of
entitas induk (nilai penuh) 98 177 the parent entity (full amount)
25. TRANSAKSI DENGAN PIHAK BERELASI 25. TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan usaha normal, Perusahaan In the ordinary course of business, the Company
melakukan transaksi asuransi dan keuangan entered into insurance and financial transactions
dengan pihak-pihak berelasi, yang dilakukan with related parties, which were conducted under
berdasarkan syarat dan kondisi yang disepakati oleh terms and conditions agreed among parties,
kedua belah pihak, utamanya terdiri dari transaksi principally consisting of insurance transactions,
asuransi, penempatan deposito, rekening giro dan placement of deposits, current accounts and other
efek sekuritas lain. marketable securities.
Sifat hubungan Nature of relationships
Sifat hubungan dan jenis transaksi signifikan yang The nature of relationships and type of significant
dilakukan dengan pihak-pihak berelasi adalah transactions with the related parties are as follows:
sebagai berikut:
Sifat hubungan/ Nama pihak berelasi/ Sifat transaksi/
Nature of relationship Name of related parties Nature of transactions
Pemegang saham mayoritas/ Mitsui Sumitomo Insurance Co., Ltd. Transaksi jasa profesional - jasa teknis/
Majority shareholder Professional services - technical fee
Entitas di bawah pengaruh signifikan PT Bank Sinarmas Tbk Rekening bank, deposito berjangka dan bancassurance/
dari kategori individu tertentu atau Bank accounts, time deposits and bancassurance
anggota keluarga dekat dari individu/
Entities under significant influence of PT Sinarmas Asset Management Transaksi reksa dana/
certain categories of individual or close Mutual fund transactions
members of a such individual’s family
PT Asuransi Sinar Mas Transaksi asuransi atas aset tetap Perusahaan/
The Company’s fixed assets insurance transactions
PT Rizki Lancar Sentosa Transaksi sewa kantor/
Office rent transactions
PT Sinar Mas Teladan Transaksi sewa kantor/
Office rent transactions
PT Duta Cakra Pesona Transaksi sewa kantor/
Office rent transactions
PT Kalibesar Raya Utama Transaksi asuransi atas aset tetap Perusahaan/
The Company’s fixed assets insurance transactions
PT Mitrajaya Pasopati Transaksi persediaan kantor/
Office supplies transactions
141
Page 469
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. TRANSAKSI DENGAN PIHAK BERELASI 25. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Sifat hubungan (lanjutan) Nature of relationships (continued)
Sifat hubungan dan jenis transaksi signifikan yang The nature of relationships and type of significant
dilakukan dengan pihak-pihak berelasi adalah transactions with the related parties are as follows
sebagai berikut (lanjutan): (continued):
Sifat hubungan/ Nama pihak berelasi/ Sifat transaksi/
Nature of relationship Name of related parties Nature of transactions
PT Arthamas Solusindo Transaksi jasa penyewaan data center/
Data center rent service transactions
PT Smart Telecom Transaksi penyedia jasa telekomunikasi/
Telecommunication service provider transactions
PT Jakarta Sinar Intertrade Transaksi operasional sewa kantor/
Office rent operational transactions
PT Perwita Margasakti Transaksi operasional sewa kantor/
Office rent operational transactions
PT Sinar Mas Agro
Resources Technology Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Indah Kiat Pulp & Paper Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Pabrik Kertas Tjiwi Kimia Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Bumi Serpong Damai Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Sinarmas Multi Finance Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Lontar Papyrus Pulp &
Paper Industry Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
Entitas di bawah pengaruh signifikan PT Bank Nano Syariah Transaksi investasi/
dari kategori individu tertentu atau Investment transaction
anggota keluarga dekat dari individu/
Entities under significant influence of PT Smartfren Telecom Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
certain categories of individual or close Investment transactions and investment income (loss)
members of a such individual’s family
PT Puradelta Lestari Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Bank BTPN Syariah Tbk Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
PT Oto Multiartha Transaksi investasi dan pendapatan (kerugian) investasi/
Investment transactions and investment income (loss)
142
Page 470
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. TRANSAKSI DENGAN PIHAK BERELASI 25. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Transaksi dengan pihak-pihak berelasi Transactions with related parties
Informasi mengenai saldo yang material dengan Information related to material balance with the
pihak-pihak berelasi pada tanggal 31 Desember related parties as of December 31, 2025 and 2024
2025 dan 2024 adalah sebagai berikut: are as follows:
Persentase Persentase
terhadap total terhadap total
aset atau aset atau
liabilitas/ liabilitas/
Percentage to Percentage of
31 Des 2025/ total assets 31 Des 2024/ total assets
Dec 31, 2025 or liability Dec 31, 2024 or liability
PT Bank Sinarmas Tbk PT Bank Sinarmas Tbk
Kas dan bank 322.123 2,03% 93.701 0,64% Cash on hand and in banks
Investasi - 0,00% 50.000 0,34% Investment
Utang komisi - 0,00% 14.646 0,22% Commission payable
PT Dian Swastatika Sentosa Tbk PT Dian Swastatika Sentosa Tbk
Piutang Investasi 1.016 0,01% 1.036 0,01% Investment receivable
Investasi 139.714 0,88% 105.697 0,72% Investment
PT Oki Pulp & Paper Mills Tbk PT Oki Pulp & Paper Mills Tbk
Piutang Investasi 164 0,00% 41 0,00% Investment receivable
Investasi 10.483 0,07% 80.955 0,55% Investment
PT Bank Nano Syariah PT Bank Nano Syariah
Kas dan Bank 11.142 0,07% 4.640 0,03% Cash on hand and in banks
Piutang Investasi - 0,00% 35 0,00% Investment receivable
Investasi - 0,00% 25.000 0,17% Investment
PT Indah Kiat Pulp & Paper Tbk PT Indah Kiat Pulp & Paper Tbk
Investasi 50.594 0,32% 20.157 0,14% Investment
Piutang investasi 225 0,00% 682 0,00% Investment receivable
PT Lontar Papyrus Pulp & Paper Industry PT Lontar Papyrus Pulp & Paper Industry
Investasi 19.819 0,12% 11.870 0,08% Investment
Piutang Investasi 413 0,00% 288 0,00% Investment receivable
PT Duta Cakra Pesona PT Duta Cakra Pesona
Biaya dibayar di muka 2.278 0,01% 2.203 0,02% Prepaid expenses
Aset lain-lain 2.977 0,02% 2.977 0,02% Other assets
PT Sinarmas Multi Finance PT Sinamas Multi Finance
Investasi 17.678 0,11% 2.060 0,01% Investment
Piutang Investasi 239 0,00% 42 0,00% Investment receivable
PT Sinarmas Multiartha PT Sinarmas Multiartha
Investasi 21.925 0,14% 1.352 0,01% Investment
Piutang investasi 129 0,00% 10 0,00% Investment receivable
PT Bumi Serpong Damai Tbk PT Bumi Serpong Damai Tbk
Investasi - 0,00% 1.276 0,01% Investment
PT Pabrik Kertas Tjiwi Kimia Tbk PT Pabrik Kertas Tjiwi Kimia Tbk
Investasi - 0,00% 956 0,01% Investment
Piutang investasi - 0,00% - 0,00% Investment receivable
PT Bank BTPN Syariah Tbk PT Bank BTPN Syariah Tbk
Investasi 404 0,00% - 0,00% Investment
Piutang investasi - 0,00% - 0,00% Investment receivable
PT Oto Multiartha PT Oto Multiartha
Investasi 92.625 0,58% - 0,00% Investment
Piutang investasi 87 0,00% - 0,00% Investment receivable
PT Sinar Mas Teladan PT Sinar Mas Teladan
Aset lain-lain 116 0,00% 116 0,00% Other assets
Biaya dibayar di muka - 0,00% 41 0,00% Prepaid expenses
PT Asuransi MSIG Indonesia PT Asuransi MSIG Indonesia
Biaya dibayar di muka - 0,00% 7 0,00% Prepaid expenses
Mitsui Sumitomo Insurance Co., Ltd. Mitsui Sumitomo Insurance Co., Ltd.
Beban akrual - 0,00% 760 0,01% Accrued expense
PT Asuransi Sinar Mas PT Asuransi Sinar Mas
Biaya dibayar di muka - 0,00% - 0,00% Prepaid expenses
PT Duta Cakra Pesona PT Duta Cakra Pesona
Beban umum General and administrative
dan administrasi 16.523 0,31% 13.750 0,40% expenses
PT Jakarta Sinar Intertrade PT Jakarta Sinar Intertrade
Beban umum General and administrative
dan administrasi 3.115 0,06% 2.630 0,08% expenses
143
Page 471
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. TRANSAKSI DENGAN PIHAK BERELASI 25. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Transaksi dengan pihak-pihak berelasi (lanjutan) Transactions with related parties (continued)
Informasi mengenai saldo yang material dengan Information related to material balance with the
pihak-pihak berelasi pada tanggal 31 Desember related parties as of December 31, 2025 and 2024
2025 dan 2024 adalah sebagai berikut: (lanjutan) are as follows: (continued)
Persentase Persentase
terhadap total terhadap total
aset atau aset atau
liabilitas/ liabilitas/
Percentage to Percentage of
31 Des 2025/ total assets 31 Des 2024/ total assets
Dec 31, 2025 or liability Dec 31, 2024 or liability
PT Rizki Lancar Sentosa PT Rizki Lancar Sentosa
Beban umum General and administrative
dan administrasi - 0,00% 1.139 0,03% expenses
PT Smart Telecom PT Smart Telecom
Beban umum General and administrative
dan administrasi 7.295 0,14% 1.953 0,06% expenses
PT Perwita Margasakti PT Perwita Margasakti
Beban umum General and administrative
dan administrasi - 0,00% 763 0,02% expenses
Mitsui Sumitomo Insurance Co., Ltd. Mitsui Sumitomo Insurance Co., Ltd.
Beban umum General and administrative
dan administrasi - 0,00% 760 0,02% expenses
PT Asuransi MSIG Indonesia PT Asuransi MSIG Indonesia
Beban umum General and administrative
dan administrasi 348 0,01% 251 0,01% expenses
PT Sinar Mas Agro Resources PT Sinar Mas Agro Resources
and Technology Tbk and Technology Tbk
Pendapatan (kerugian) Investment income
investasi - neto 119 0,02% - 0,00% (loss) - net
PT Sinar Mas Teladan PT Sinar Mas Teladan
Beban umum General and administrative
dan administrasi 847 0,02% 441 0,01% expenses
PT Arthamas Solusindo PT Arthamas Solusindo
Beban umum General and administrative
dan administrasi 391 0,01% 384 0,01% expenses
PT Asuransi Sinar Mas PT Asuransi Sinar Mas
Beban umum General and administrative
dan administrasi - 0,00% 60 0,00% expenses
PT Sinarmas Multi Finance PT Sinarmas Multi Finance
Pendapatan (kerugian) Investment income
investasi – neto 1.494 0,25% 131 0,00% (loss) - net
Beban umum General and administrative
dan administrasi - 0,00% 4 0,00% expenses
PT Mitrajaya Pasopati PT Mitrajaya Pasopati
Beban umum General and administrative
dan administrasi 96 0,00% 90 0,00% expenses
PT Sinarmas Multiartha Tbk PT Sinarmas Multiartha Tbk
Pendapatan (kerugian) Investment income
investasi - neto 4.299 0,73% 168 0,00% (loss) - net
PT Dian Swastatika Sentosa Tbk PT Dian Swastatika Sentosa Tbk
Pendapatan (kerugian) Investment income
investasi - neto 5.812 0,99% 4.874 0,13% (loss) - net
PT Oki Pulp & Paper Mills Tbk PT Oki Pulp & Paper Mills Tbk
Pendapatan (kerugian) Investment income
investasi - neto 1.324 0,23% 2.669 0,07% (loss) - net
PT Indah Kiat Pulp & Paper Tbk PT Indah Kiat Pulp & Paper Tbk
Pendapatan (kerugian) Investment income
investasi - neto 4.484 0,76% 1.427 0,04% (loss) - net
PT Pabrik Kertas Tjiwi Kimia Tbk PT Pabrik Kertas Tjiwi Kimia Tbk
Pendapatan (kerugian) Investment income
investasi - neto (26) 0,00% (7) 0,00% (loss) - net
PT Bumi Serpong Damai Tbk PT Bumi Serpong Damai Tbk
Pendapatan (kerugian) Investment income
investasi - neto 10 0,00% (85) 0,00% (loss) - net
144
Page 472
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. TRANSAKSI DENGAN PIHAK BERELASI 25. TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
Transaksi dengan pihak-pihak berelasi (lanjutan) Transactions with related parties (continued)
Informasi mengenai saldo yang material dengan Information related to material balance with the
pihak-pihak berelasi pada tanggal 31 Desember related parties as of December 31, 2025 and 2024
2025 dan 2024 adalah sebagai berikut: (lanjutan) are as follows: (continued)
Persentase Persentase
terhadap total terhadap total
pendapatan atau pendapatan atau
beban/ beban/
Percentage to Percentage of
31 Des 2025/ total income 31 Des 2024/ total income
Dec 31, 2025 or expenses Dec 31, 2024 or expenses
PT Sinarmas Assets Management PT Sinarmas Assets Management
Pendapatan (kerugian) Investment income
investasi - neto - 0.00% - 0,00% (loss) - net
Beban kustodian 5 0.00% 5 0,00% Custodian fee
PT Lontar Papyrus Pulp & Paper PT Lontar Papyrus Pulp & Paper
Pendapatan (kerugian) Investment income
investasi - neto 1.818 0,31% 89 0,00% (loss) - net
PT Bank Sinarmas Tbk PT Bank Sinarmas Tbk
Beban akuisisi 129.830 3,75% Acquisition expenses
Pendapatan lain-lain – neto 2.135 0,04% 880 0,02% Other income - net
PT Bank BTPN Syariah Tbk PT Bank BTPN Syariah Tbk
Pendapatan (kerugian) Investment income
investasi - neto (80) 0,00% - 0,00% (loss) - net
PT Oto Multiartha PT Oto Multiartha Tbk
Pendapatan (kerugian) Investment income
investasi - neto 6.151 1,05% - 0,13% (loss) - net
Ikhtisar kompensasi dan manfaat bagi manajemen The summary of compensation and benefits for the
kunci Perusahaan yang terdiri dari Dewan Komisaris Company’s key management which consists of
dan Direksi adalah sebagai berikut: (tidak diaudit) Boards of Commissioners and Directors are as
follows: (unaudited)
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Imbalan kerja jangka pendek 33.225 40.037 Short-term employee benefits
Total 33.225 40.037 Total
26. INSTRUMEN KEUANGAN 26. FINANCIAL INSTRUMENTS
Tabel berikut menyajikan nilai tercatat dari aset The table below sets forth the carrying amounts of
keuangan Perusahaan: the Company’s financial assets:
31 Desember/December 31, 2025
Nilai
wajar melalui
penghasilan
Nilai wajar komprehensif
melalui laba rugi/ lain /Fair value
Fair value Biaya perolehan through other
through diamortisasi/ At comprehensive
profit or loss amortized cost income Total
Aset keuangan: Financial Assets
Kas dan bank 1.001.539 - - 1.001.539 Cash on hand and in banks
Piutang kontribusi 4.728 - - 4.728 Contribution receivables
Piutang investasi 164.607 - - 164.607 Investment receivables
Piutang lain-lain 51.304 - - 51.304 Other receivables
Investasi 4.348.613 1.117.574 8.611.165 14.077.352 Investments
Aset lain-lain - jaminan 4.011 - - 4.011 Other assets - deposits
Total 5.574.802 1.117.574 8.611.165 15.303.541 Total
145
Page 473
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. INSTRUMEN KEUANGAN (lanjutan) 26. FINANCIAL INSTRUMENTS (continued)
Tabel berikut menyajikan nilai tercatat dari aset The table below sets forth the carrying amounts of
keuangan Perusahaan: (lanjutan) the Company’s financial assets: (continued)
31 Desember/December 31, 2024
Nilai
wajar melalui
penghasilan
Nilai wajar komprehensif
melalui laba rugi/ lain /Fair value
Fair value Biaya perolehan through other
through diamortisasi/ At comprehensive
profit or loss amortized cost income Total
Aset keuangan: Financial Assets
Kas dan bank 668.876 - - 668.876 Cash on hand and in banks
Piutang kontribusi 1.136 - - 1.136 Contribution receivables
Piutang investasi 167.949 - - 167.949 Investment receivables
Piutang lain-lain 18.867 - - 18.867 Other receivables
Investasi 3.990.089 1.080.213 7.848.568 12.918.870 Investments
Aset lain-lain - jaminan 3.959 - - 3.959 Other assets - deposits
Total 4.850.876 1.080.213 7.848.568 13.779.657 Total
Tabel berikut menyajikan nilai tercatat liabilitas The table below sets forth the carrying amounts of
keuangan Perusahaan: the Company’s financial liabilities:
31 Desember/December 31,
2025 2024
Nilai wajar Nilai wajar
melalui laba rugi melalui laba rugi
/Fair value Biaya perolehan /Fair value Biaya perolehan
through diamortisasi/ At through diamortisasi/ At
profit or loss amortized cost profit or loss amortized cost
Liabilitas keuangan: Financial liabilities:
Utang komisi - Syariah - 1.835 - 2.776 Commissions payable - Sharia
Beban akrual - 139.692 - 112.720 Accrued expenses
Utang lain-lain - 223.762 - 112.375 Other liabilities
Utang klaim - Syariah - 1.244 - 1.263 Claims payable - Sharia
Liabilitas sewa - 15.453 - 6.876 Lease liabilities
Total - 381.986 - 236.010 Total
146
Page 474
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. INSTRUMEN KEUANGAN (lanjutan) 26. FINANCIAL INSTRUMENTS (continued)
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to sell
menjual suatu aset atau harga yang akan dibayar an asset or paid to transfer a liability in an orderly
untuk mengalihkan suatu liabilitas dalam transaksi transaction between market participants at the
teratur antara pelaku pasar pada tanggal measurement date. Fair values are obtained from
pengukuran. Nilai wajar diperoleh dari harga pasar, quoted market prices, discounted cash flow models
model diskonto arus kas dan model penentuan and option pricing models, as appropriate.
harga opsi yang sesuai.
Instrumen keuangan disajikan dalam laporan posisi Financial instruments presented in the statement of
keuangan dicatat pada nilai wajar, atau disajikan financial position are carried at the fair value,
pada nilai tercatat sepanjang jumlah tersebut otherwise, they are presented at carrying values as
mendekati nilai wajarnya atau nilai wajarnya tidak either these are reasonable approximation of fair
dapat diukur secara andal. values or their fair values cannot be reliably
measured.
Metode dan asumsi yang digunakan untuk The following methods and assumptions are used to
mengestimasi nilai wajar setiap kelompok instrumen estimate the fair value of each class of financial
keuangan adalah sebagai berikut: instruments:
a. Instrumen keuangan yang dicatat pada nilai a. Financial instruments carried at fair value or
wajar atau biaya perolehan diamortisasi. amortized cost.
Investasi pada efek dalam saham, obligasi dan Investments in marketable securities in shares,
reksa dana yang dicatat sebesar nilai wajar bonds and mutual funds are carried at fair value
mengacu pada harga kuotasi yang using the quoted prices published in the active
dipublikasikan pada pasar aktif. Dan untuk dana market. And as in the case of the investments
jaminan dalam bentuk obligasi yang dicatat in statutory funds in the form of bonds are
sebesar biaya perolehan diamortisasi, nilai carried at amortized cost, fair value is calculated
wajarnya dihitung dengan menggunakan using the effective interest method.
metode suku bunga efektif.
b. Instrumen keuangan dengan nilai tercatat yang b. Financial instruments with carrying amounts
mendekati nilai wajarnya. that approximate their fair values.
Nilai wajar kas dan bank, piutang premi, piutang The fair value of cash on hand and in banks,
investasi, aset reasuransi - piutang reasuransi, premiums receivable, investment receivables,
piutang lain-lain, investasi di deposito reinsurance assets - reinsurance receivables,
berjangka, pinjaman hipotik, pinjaman polis, other receivables, investments in time deposits,
aset lain-lain - jaminan, beban akrual, utang mortgage loans, policy loans, other assets -
komisi, utang reasuransi, utang lain-lain, utang deposits, accrued expenses, commissions
klaim dan liabilitas sewa mendekati nilai payable, due to reinsurers, other liabilities,
tercatatnya karena bersifat jangka pendek, atau claims payable and lease liabilities approximate
niliai wajarnya tidak dapat diukur secara handal. their carrying values due to their short-term
nature, or their fair value cannot be measured
reliably.
Hierarki Nilai Wajar Fair Value Hierarchy
Aset dan liabilitas keuangan diklasifikasikan secara Financial assets and liabilities are classified in their
keseluruhan berdasarkan tingkat terendah dari entirety based on the lowest level of input that is
masukan (input) yang signifikan terhadap significant to the fair value measurements. The
pengukuran nilai wajar. Penilaian dampak signifikan assessment of the significance of a particular input
dari suatu input tertentu terhadap pengukuran nilai to the fair value measurements requires judgement,
wajar membutuhkan pertimbangan dan dapat and may affect the valuation of the assets and
memengaruhi penilaian dari aset dan liabilitas yang liabilities being measured and their placement within
diukur dan penempatannya dalam hierarki nilai the fair value hierarchy.
wajar.
147
Page 475
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. INSTRUMEN KEUANGAN (lanjutan) 26. FINANCIAL INSTRUMENTS (continued)
Hierarki Nilai Wajar (lanjutan) Fair Value Hierarchy (continued)
Bukti terbaik dari nilai wajar adalah harga yang The best evidence of fair value is quoted prices in
dikuotasikan (quoted prices) dalam sebuah pasar an active market. If the market for a financial
yang aktif. Jika pasar untuk sebuah instrumen instrument is not active, an entity establishes fair
keuangan tidak aktif, entitas menetapkan nilai wajar value by using a valuation technique. The objective
dengan menggunakan metode penilaian. Tujuan of using a valuation technique is to establish what
dari penggunaan metode penilaian adalah untuk the transaction price would have been on the
menetapkan harga transaksi yang terbentuk pada measurement date in an arm's length exchange
tanggal pengukuran dalam sebuah transaksi motivated by normal business considerations.
pertukaran yang wajar dengan pertimbangan bisnis
normal.
Metode penilaian termasuk penggunaan harga Valuation techniques include using recent arm's
dalam transaksi pasar yang wajar (arm’s length) length market transactions between knowledgeable,
terakhir antara pihak-pihak yang memahami dan willing parties, if available, reference to the current
berkeinginan, jika tersedia, referensi kepada nilai fair value of another instrument that is substantially
wajar terkini dari instrumen lain yang secara the same, discounted cash flow analysis and option
substansial sama, analisa arus kas yang pricing models.
didiskontokan dan model harga opsi (option pricing
models).
Jika terdapat metode penilaian yang biasa If there is a valuation technique commonly used by
digunakan oleh para peserta pasar untuk market participants to price the instrument and that
menentukan harga dari instrumen dan metode technique has been demonstrated to provide
tersebut telah didemonstrasikan untuk menyediakan reliable estimates of prices obtained in actual
estimasi yang andal atas harga yang diperoleh dari market transactions, the entity uses that technique.
transaksi pasar yang aktual, entitas harus
menggunakan metode tersebut.
Metode penilaian yang dipilih membuat penggunaan The chosen valuation technique makes maximum
maksimum dari input pasar dan bergantung sedikit use of market inputs and relies as little as possible
mungkin atas input yang spesifik untuk entitas on entity-specific inputs. It incorporates all factors
(entity-specific input). Metode tersebut that market participants would consider in setting
memperhitungkan semua faktor yang akan a price and is consistent with accepted economic
dipertimbangkan oleh peserta pasar dalam methodologies for pricing financial instruments.
menentukan sebuah harga dan selaras dengan Periodically, the Company calibrates the valuation
metode ekonomis untuk penilaian sebuah instrumen technique and tests it for validity using prices from
keuangan. Secara berkala, Perusahaan menelaah any observable current market transactions in the
metode penilaian dan mengujinya untuk validitas same instrument (i.e., without modification or
dengan menggunakan harga dari transaksi pasar repackaging) or based on any available observable
terkini yang dapat diobservasi untuk instrumen yang market data.
sama (yaitu tanpa modifikasi dan pengemasan
kembali) atau berdasarkan data pasar yang tersedia
dan dapat diobservasi.
Tabel berikut ini menunjukkan aset keuangan - The following table shows the financial assets -
investasi yang diukur pada nilai wajar yang investments measured at fair value grouped
dikelompokkan berdasarkan hierarki nilai wajar: according to the fair value hierarchy:
Tingkat 1/ Tingkat 2/ Tingkat 3/
Level 1 Level 2 Level 3 Total
Investasi Investments
31 Desember 2025 2.101.466 10.750.456 105.656 12.957.578 December 31, 2025
31 Desember 2024 2.256.966 9.478.282 100.586 11.835.834 December 31, 2024
148
Page 476
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
Instrumen keuangan utama Perusahaan terdiri dari The Company’s principal financial instruments
kas dan bank, piutang premi, piutang investasi dan comprise cash on hand and in banks, premiums
aset reasuransi - piutang reasuransi, investasi, receivable, investment receivables, reinsurance
pinjaman polis, utang komisi, utang reasuransi, dan assets - reinsurance receivables, investments,
utang klaim yang timbul dari kegiatan usahanya. policy loans, commissions payable, due to
Perusahaan mempunyai aset dan liabilitas reinsurers, and claims payable, which arise directly
keuangan yang lain seperti piutang lain-lain, aset from its operations. The Company has various other
lain-lain, beban akrual, liabilitas sewa dan utang financial assets and liabilities such as, other
lain-lain. receivables, other assets, accrued expenses, lease
liabilities and other liabilities.
Kebijakan manajemen atas risiko keuangan Management’s policy on financial risk is intended to
ditujukan untuk meminimalkan potensi dampak minimize potential adverse impacts that may arise
negatif yang mungkin timbul dari risiko-risiko from such risks. In this regard, management does
tersebut. Sehubungan dengan hal tersebut, not engage in speculative derivative transactions.
manajemen tidak melakukan transaksi spekulatif
derivatif.
Risiko utama dari instrumen keuangan Perusahaan, The main risks arising from the Company’s financial
termasuk kontrak asuransi, adalah risiko asuransi, instruments, including insurance contract, are
risiko pasar, risiko kredit dan risiko likuiditas. insurance risk, market risk, credit risk and liquidity
Penelaahan Direksi dan kebijakan yang disetujui risk. The Directors review and approve policies for
untuk mengelola masing-masing risiko ini dijelaskan managing each of these risks, which are described
secara detail sebagai berikut: in more detail as follows:
a. Risiko asuransi a. Insurance risk
Risiko utama kontrak asuransi yang dihadapi The principal risk the Company faces under
oleh Perusahaan adalah jumlah dan waktu insurance contracts is that the actual claims and
aktual pembayaran klaim dan manfaat yang benefit payments or the timing thereof, differ
terjadi berbeda dengan yang diharapkan. Hal ini from expectations. This is influenced by the
dipengaruhi oleh frekuensi klaim, besarnya frequency of claims, severity of claims, actual
klaim, manfaat aktual yang dibayarkan dan benefits paid and subsequent development of
perkembangan kemudian dari klaim jangka long-term claims. Therefore, the objective of the
panjang. Dengan demikian, tujuan Perusahaan Company is to ensure that sufficient reserves
adalah meyakinkan bahwa cadangan yang are available to cover these liabilities. The risk
tersedia cukup untuk menutupi liabilitas- exposure is mitigated by diversification across a
liabilitas ini. Eksposur risiko diminimalisir large portfolio of insurance contracts and
dengan menyebarkan risiko kepada geographical areas. The variability of risks is
perusahaan asuransi lain atau reasuransi also improved by careful selection and
dengan menggunakan program reasuransi. implementation of underwriting strategy
Variabilitas risiko juga ditingkatkan dengan guidelines, as well as the use of reinsurance
pemilihan yang cermat serta pelaksanaan arrangements.
pedoman strategi underwriting yang dirancang
untuk memastikan bahwa risiko telah
terdiversifikasi dalam hal jenis risiko dan tingkat
manfaat yang diasuransikan.
Perusahaan juga membeli reasuransi sebagai The Company purchases reinsurance as part of
bagian dari program mitigasi risiko. Reasuransi its risks mitigation program. Reinsurance ceded
ditempatkan secara proporsional dan non- is placed on both a proportional and non-
proporsional. proportional basis.
149
Page 477
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
a. Risiko asuransi (lanjutan) a. Insurance risk (continued)
Mayoritas reasuransi proporsional adalah The majority of proportional reinsurance is
quota-share reasuransi yang digunakan untuk quota-share reinsurance which is taken out to
mengurangi eksposur keseluruhan Perusahaan reduce the overall exposure of the Company to
untuk kelas bisnis tertentu. Reasuransi non- certain classes of business. Non-proportional
proporsional yang umumnya digunakan adalah reinsurance is primarily excess-of-loss
excess-of-loss yang dirancang untuk reinsurance designed to mitigate the
meminimalisir eksposur neto Perusahaan Company’s net exposure to catastrophe losses.
apabila terjadi kerugian akibat bencana. Retention limits for the excess-of-loss
Batasan retensi atas kelebihan kerugian reinsurance vary by product line and territory.
reasuransi dibagi berdasarkan jenis produk dan
teritorial.
Jumlah yang dapat dipulihkan dari reasuradur Amounts recoverable from reinsurers are
diestimasi secara konsisten dengan provisi estimated in a manner consistent with the
klaim yang ada dan sesuai dengan kontrak outstanding claims provision and are in
reasuransi. Meskipun Perusahaan memiliki accordance with the reinsurance contracts.
perjanjian reasuransi, Perusahaan tidak Although the Company has reinsurance
otomatis dibebaskan kewajibannya kepada arrangements, the Company is not relieved of
pemegang polis dan dengan demikian terdapat its direct obligations to its policyholders and
eksposur kredit terhadap reasuransi yaitu, thus, a credit exposure exists with respect to
apabila reasuradur tidak dapat memenuhi ceded insurance, to the extent that any
kewajibannya seperti yang tercantum dalam reinsurer is unable to meet its obligations
perjanjian reasuransi. assumed under such reinsurance agreements.
Kontrak asuransi jiwa yang ditawarkan oleh Life insurance contracts offered by the
Perusahaan termasuk: kematian jangka warsa, Company include: death term life, whole life,
seumur hidup, kombinasi seumur hidup, combined whole life, endowment, combined
dwiguna, kombinasi dwiguna, kesehatan, non- endowment, health, non-traditional and
tradisional dan kecelakaan diri. personal accident.
Asuransi seumur hidup dan kematian Whole life and term insurance are conventional
merupakan produk premi biasa konvensional regular premium products when lump sum
ketika seluruh manfaat asuransi terutang pada benefits are payable on death or permanent
saat kematian atau cacat permanen. Beberapa disability. Few contracts have a surrender
kontrak memiliki nilai penebusan (surrender). value.
Risiko utama yang dihadapi oleh Perusahaan The main risks that the Company is exposed to
adalah sebagai berikut: are as follows:
1. Risiko kematian - risiko kerugian muncul 1. Mortality risk - risk of loss arising due to
ketika kematian pemegang polis berbeda policyholder death experience being
dari yang diharapkan. different than expected.
2. Risiko morbiditas - risiko kerugian muncul 2. Morbidity risk - risk of loss arising due to
ketika kesehatan pemegang polis berbeda policyholder’s health experience being
dari yang diharapkan. different than expected.
3. Risiko beban - risiko kerugian yang muncul 3. Expense risk - risk of loss arising from
dari beban yang terjadi berbeda dengan expense experience being different than
yang diharapkan. expected.
4. Risiko keputusan pemegang polis - risiko 4. Policyholder decision risk - risk of loss
kerugian yang muncul ketika pemegang arising due to policyholder’s experiences
polis mengalami lapse dan surrender yang (lapses and surrenders) being different than
berbeda dari yang diharapkan. expected.
150
Page 478
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
a. Risiko asuransi (lanjutan) a. Insurance risk (continued)
Risiko-risiko tersebut tidak bervariasi secara These risks do not vary significantly in relation
signifikan dalam kaitannya dengan lokasi risiko to the location of risk insured by the Company,
yang dijamin oleh Perusahaan, jenis risiko yang type of risk insured or by industry.
dipertanggungkan atau oleh industri.
Risiko-risiko tersebut dikelola melalui kebijakan These risks are managed through the following
berikut: policies:
Kebijakan underwriting A sound underwriting policy
Kebijakan harga didasarkan atas besarnya Pricing policy based on the magnitude of
risiko yang dihadapi risks faced
Ketahanan premi terhadap diskon yang Resilience to premium discounting forced by
dipaksakan oleh kompetisi pasar market competition
Analisa berkelanjutan dan pemantauan Continuous analysis and monitoring of claim
rasio klaim ratio
Ringkasan manajemen risiko keuangan The summary of the Company risk financial risk
Perusahaan antara aset dan kewajiban adalah management between assets and liabilities are
sebagai berikut: as follows:
Tahun yang berakhir
pada tanggal 31 Desember/
Year ended December 31,
2025 2024
Aset pendasar Underlying assets
Obligasi pemerintah 7.714.283 6.853.408 Government bonds
Efek utang lainnya 2.592.743 2.074.827 Other debt securities
Efek saham 1.843.620 2.008.264 Equity securities
Reksadana 806.932 899.335 Mutual funds
Deposito berjangka 752.254 716.055 Time deposits
Pinjaman hipotik 2.200 2.823 Mortgage loan
Investasi lainnya Other investments
Obligasi pemerintah 345.365 344.215 Government bonds
Deposito berjangka 19.955 19.943 Time deposits
Total investasi 14.077.352 12.918.870 Total investment
Saldo kontrak asuransi Insurance and investment
dan investasi contract balance
Aset kontrak reasuransi - - Reinsurance contract asset
Liabilitas kontrak reasuransi 11.180 3.788 Reinsurance contract liabilities
Aset kontrak asuransi - - Insurance contract asset
Liabilitas kontrak asuransi 6.164.445 4.961.616 Insurance contract liabilities
Liabilitas kontrak investasi - - investment contract liabilities
Jumlah saldo kontrak asuransi Total insurance and investment
dan investasi 6.175.625 4.965.404 contract balance
151
Page 479
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
a. Risiko asuransi (lanjutan) a. Insurance risk (continued)
Rasio klaim historis untuk setiap risiko asuransi Historical claim ratios for each type of insurance
direfleksikan dalam tabel di bawah: (tidak risks are reflected in the table below:
diaudit) (unaudited)
Rasio klaim/Claim ratio
_____________________________________________
Rata-rata
tertimbang/
Jenis usaha/ Tipe risiko/ Weighted
Business Type of risk 2021 2022 2023 2024 2025 average
___________________________________ _
Asuransi penebusan hipotik/
Mortgage Redemption
Insurance (MRI) Jiwa/Life 184% 68% 87% 93% 86% 104%
Unit link/Unit link Jiwa/Life 137% 94% 104% 71% 107% 103%
Tradisional (tidak termasuk MRI)/
Traditional (excluding MRI) Jiwa/Life 48% 36% 67% 54% 67% 55%
Kecelakaan diri/
Personal accident Kecelakaan/Accident 150% 12% 893% 732% 0% 357%
Kesehatan kumpulan/ Beban kesehatan/
Group health Medical expense 89% 108% 114% 105% 97% 102%
Beban kesehatan individu/
Individual medical Beban kesehatan/
expense Medical expense 80% 80% 141% 136% 168% 121%
Hospital cash plan dan Hospital cash plan
manfaat lain/ dan sakit kritis/
Hospital cash plan and Hospital cash plan
other benefit and critical illness 36% 87% 101% 3% 42% 54%
Ekawarsa dan kecelakaan Ekawarsa dan kecelakaan
diri/Term-life and diri/Term-life and
personal accident personal accident 245% 212% 194% 139% 107% 180%
Maksimum cakupan risiko polis berdasarkan Maximum per policy risk coverage by type of
tipe risiko adalah sebagai berikut: risks is as follows:
Manfaat maksimum per jiwa/ Maximum benefit per life
2025 2024
Tipe risiko/Type of risk Nilai penuh/full amount Nilai penuh/full amount
Konvensional/Conventional
Jiwa/Life Tidak terbatas/No limit*) Tidak terbatas/No limit*)
Kecelakaan/Accident Rp2.000 juta/million / USD200.000 Rp2.000 juta/million / USD200.000
Total cacat permanen/Total permanent disability Rp2.000 juta/million / USD200.000 Rp2.000 juta/million / USD200.000
Sakit kritis/Critical illness Rp5.000 juta/million / USD500.000 Rp5.000 juta/million / USD500.000
Total kesehatan/Total medical Rp17.500 juta/million / USD10.000 Rp17.500 juta/million / USD10.000
Manfaat maksimum per jiwa/ Maximum benefit per life
2025 2024
Tipe risiko/Type of risk Nilai penuh/full amount Nilai penuh/full amount
Syariah/Sharia
Jiwa/Life Tidak terbatas/No limit*) Tidak terbatas/No limit*)
Kecelakaan/Accident Rp5.000 juta/million / USD200.000 Rp5.000 juta/million / USD200.000
Total cacat permanen/Total permanent disability Rp2.000 juta/million / USD200.000 Rp2.000 juta/million / USD200.000
Sakit kritis/Critical illness Rp5.000 juta/million / USD500.000 Rp5.000 juta/million / USD500.000
Total kesehatan/Total medical Rp17.500 juta/million / USD10.000 Rp17.500 juta/million / USD10.000
*)
Harus dengan persetujuan reasuransi/Subject to reinsurance approval.
152
Page 480
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
a. Risiko asuransi (lanjutan) a. Insurance risk (continued)
Untuk setiap tipe risiko yang diidentifikasi di For each type of risk identified above,
atas, retensi Perusahaan dibatasi sebesar the Company’s retention is capped at
Rp750.000.000 (nilai penuh) atau USD62.500 Rp750,000,000 (full amount) or USD62,500
(nilai penuh) per orang. Strategi retensi ini (full amount) per person. This retention strategy
didasarkan atas penelitian retensi dan klaim is based on retention studies and reinsurance
reasuransi. claim studies.
Untuk mengelola risiko likuiditas atas liabilitas To manage liquidity risk for insurance liabilities,
asuransi, Perusahaan melakukan analisis the Company performs monthly analysis of
bulanan kecukupan arus kas untuk meyakinkan cash flow adequacy to ensure that the
bahwa Perusahaan mampu memenuhi Company will be able to fulfill its obligations with
kewajiban sesuai dengan yang diharapkan regard to the expected liability to policyholders.
oleh pemegang polis. Analisis dibuat The analysis is made in consideration of the
dengan mempertimbangkan pengalaman Company’s historical experience that is
historis Perusahaan yang didukung dengan supported with lapse and surrender rate
penelitian lapse dan surrender, penelitian studies, asset allocation studies and market
alokasi aset dan imbal hasil pasar atas aset return studies of assets that are designated to
yang mendukung liabilitas. back the liabilities.
Tingkat rata-rata tertimbang atas imbal hasil The weighted average rate of return of assets
aset diturunkan berdasarkan model portofolio is derived based on a model portfolio that is
yang diasumsikan untuk mendukung liabilitas, assumed to back liabilities, consistent with the
konsisten dengan strategi alokasi aset jangka long-term asset allocation strategy. These
panjang. Estimasi tersebut berdasarkan imbal estimates are based on current market returns
hasil pasar saat ini sama halnya dengan as well as expectations about future economic
ekspektasi mengenai perkembangan ekonomi and financial developments. An increase in
dan keuangan di masa depan. Kenaikan hasil investment return would lead to a reduction in
investasi akan mengakibatkan berkurangnya expenditure and an increase in profits for the
pengeluaran dan meningkatnya keuntungan shareholders.
untuk pemegang saham.
Tabel berikut menunjukkan konsentrasi The following tables show the concentration
liabilitas asuransi jiwa berdasarkan tipe kontrak: liability of life insurance by type of contracts:
31 Desember/December 31,
2025 2024
Tradisional 1.816.287 1.328.734 Traditional
MRI 590.199 629.735 MRI
Kesehatan 223.610 150.815 Health
Unit Link (332.904) (452.362) Unit Link
Total 2.297.192 1.656.922 Total
153
Page 481
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko pasar b. Market risk
Perusahaan mempertimbangkan risiko pasar The Company considers market risk as the risk
sebagai risiko yang merubah variabel pasar that changes in market variables affecting the
yang dapat memengaruhi nilai wajar atau arus fair value or future cash flows of its holding of
kas masa depan atas instrumen keuangan yang financial instruments. Generally, market risk is
dimiliki. Pada umumnya, risiko pasar dibagi divided into three types of risk: market price risk
menjadi tiga tipe risiko: risiko harga pasar (risiko (equity price risk), foreign exchange rate risk
harga ekuitas), risiko nilai tukar mata uang (currency risk) and market interest rate risk
asing (risiko mata uang) dan risiko tingkat suku (interest rate risk).
bunga pasar (risiko tingkat suku bunga).
Tujuan pengelolaan risiko pasar adalah untuk The objective of market risk management is to
mengelola dan mengendalikan eksposur risiko manage and control market risk exposure
pasar masih dalam parameter yang diterima, within acceptable parameters, while optimizing
pada saat mengoptimalkan imbal hasil atas the return on risk. The management of market
risiko tersebut. Pengelolaan risiko pasar risk is supported by a comprehensive limit and
didukung oleh satu batasan yang komprehensif policy framework to control the amount of risk
dan kerangka kerja kebijakan untuk that the Company will accept. Market risk limits
mengendalikan jumlah risiko yang Perusahaan are allocated at various levels and are reported
dapat terima. Batasan risiko pasar dialokasikan and monitored by a market risk monitoring unit
pada berbagai tingkat yang bervariasi dan on a daily basis.
dilaporkan serta dimonitor oleh unit
pengawasan risiko pasar secara harian.
Otoritas keseluruhan untuk risiko pasar menjadi Overall authority for market risk is vested at
tanggung jawab Komite Investasi, yaitu unit Investment Committee, the market risk
pengawasan risiko pasar yang bertanggung monitoring unit that is responsible for the
jawab atas detil perkembangan kebijakan development of detailed risk management
pengelolaan risiko dan reviu atas implementasi policies and for the day-today review of the
setiap harinya. implementation.
Untuk kebijakan unit link yang dikeluarkan, For the unit link policies issued, the policyholder
pemegang polis menanggung risiko investasi bears the investment risk on the assets held in
atas aset yang dimiliki dalam dana unit link, the unit link funds, as the policy benefits are
seperti halnya manfaat polis yang berhubungan directly linked to the value of the assets in the
langsung dengan nilai aset dalam dana funds. The Company’s exposure to market risk
tersebut. Eksposur Perusahaan terhadap risiko on this business is limited to the extent that
pasar dalam usaha ini dibatasi sepanjang income arising from asset management
tingkat penghasilan yang berasal dari biaya charges is based on the value of assets in the
pengelolaan aset atas nilai aset dalam dana. funds.
1. Risiko harga pasar 1. Market price risk
Risiko harga pasar adalah risiko atas Market price risk is the risk of fluctuations
berfluktuasinya nilai wajar atau arus kas in the fair value or future cash flows of
masa depan instrumen keuangan akibat a financial instruments as a result of
perubahan harga pasar (selain yang changes in market price (other than those
berasal dari risiko tingkat suku bunga atau arising from interest rate risk or currency
risiko mata uang), baik perubahan tersebut risk), whether those changes are caused
disebabkan oleh faktor tertentu terhadap by factors specific to the individual financial
instrumen keuangan individu atau instrument or its issuer or factors affecting
penerbitnya atau faktor-faktor yang all similar financial instruments traded on
memengaruhi seluruh instrumen keuangan the market.
yang sama yang diperdagangkan di pasar.
154
Page 482
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
1. Risiko harga pasar (lanjutan) 1. Market price risk (continued)
Mayoritas investasi Perusahaan terekspos Majority of the Company‘s investments are
atas risiko ini. Pada tanggal 31 Desember exposed to this risk. As of December 31,
2025 dan 2024, investasi Perusahaan 2025 and 2024, investments represent
masing-masing mencapai hampir 88,70% approximately 88.70% and 89.89%
dan 89,89% dari total aset Perusahaan. respectively, of the Company‘s total
Investasi tersebut dikategorikan sebagai assets. Those investments classified as at
investasi pada biaya perolehan, efek cost securities, held for trading securities
diperdagangkan atau efek tersedia untuk or securities available-for-sale and will
dijual dan akan memengaruhi laba rugi dan affect the profit and loss and equity of the
ekuitas Perusahaan, pada saat terjadi Company, in the event of changes in their
perubahan harga pasarnya. Tujuan market prices. The purpose of the
kebijakan manajemen atas risiko pasar management policy on price risk is to
adalah mengurangi dan mengelola risiko reduce and manage the risk at an
pada tingkat yang dapat diterima dan acceptable level and achieve an optimum
mencapai hasil investasi yang optimal return on investment at the same time. In
pada saat yang sama. Oleh karena itu, this regard, management performs
manajemen melakukan evaluasi secara a periodical review on the securities
periodik atas performa efek, strategi performance, portfolio diversification
diversifikasi portofolio dan pemeriksaan strategy and examination of the relevance
relevansi instrumen-instrumen tersebut of those instruments on long-term strategic
terhadap rencana strategis jangka plan.
panjang.
Berikut adalah analisa sensitivitas atas The following presents the sensitivity analysis of
liabitlitas kontrak asuransi dan aset investasi insurance contract liabilities and investment
terhadap ekuitas dan laba rugi. assets with respect to their impact on equity and
profit or loss.
31 Desember/December 31, 2025
Persentase/ Ekuitas/ Laba Rugi/
Percentage Equity Profit Loss
Liabilitas Kontrak Asuransi +10% (125.156) (125.156) Insurance contract liabilities
Liabilitas Kontrak Asuransi -10% 54.055 54.055 Insurance contract liabilities
Aset Investasi +10% 174.510 140.642 Investment Assets
Aset Investasi -10% (174.510) (140.642) Investment Assets
31 Desember/December 31, 2024
Persentase/ Ekuitas/ Laba Rugi/
Percentage Equity Profit Loss
Liabilitas Kontrak Asuransi +10% (102.955) (94.197) Insurance contract liabilities
Liabilitas Kontrak Asuransi -10% 57.325 52.448 Insurance contract liabilities
Aset Investasi +10% 191.721 173.855 Investment Assets
Aset Investasi -10% (191.721) (173.855) Investment Assets
155
Page 483
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
2. Risiko mata uang 2. Currency risk
Risiko mata uang adalah risiko dimana nilai Currency rate risk is the risk that the fair
wajar atau arus kas masa depan atas value or future cash flows of a financial
instrumen keuangan akan berfluktuasi instrument will fluctuate due to the changes
karena perubahan kurs nilai tukar mata in foreign exchange rates. The Company‘s
uang asing. Eksposur Perusahaan atas exposure on the exchange rate fluctuation
fluktuasi kurs nilai tukar utamanya mainly derived from investments and
disebabkan dari investasi dan pendapatan income from these investments.
dari investasi tersebut. Manajemen Management manages the risk by
mengelola risiko dengan menjaga maintaining the balance of assets and
keseimbangan antara aset dan liabilitas liabilities denominated in foreign
dalam mata uang asing. currencies.
Tabel berikut mengikhtisarkan eksposur The table below summarizes the
neto Perusahaan terhadap mata uang Company’s net exposure to foreign
asing: currencies:
2025 2024
Nilai Nilai
dalam dalam
mata uang mata uang
asal asal
(nilai penuh)/ Setara dalam (nilai penuh)/ Setara dalam
Amount in jutaan Rp/ Amount in jutaan Rp/
original Equivalent in original Equivalent in
currency millions of Rp currency millions of Rp
(full amount) (full amount)
Aset Assets
Kas Cash on hand
dan bank USD 8.080.370 135.604 USD 6.436.835 104.032 and in banks
Piutang investasi USD 165.110 2.771 USD 153.731 2.485 Investment receivables
Investasi USD 45.847.624 769.415 USD 27.426.278 443.264 Investments
Total aset 907.790 549.781 Total assets
Liabilitas Liabilities
Utang lain-lain USD - - USD - - Other liabilities
Simpanan pemegang polis USD 1.279.192 21.467 USD 400.596 6.475 Policyholders’ deposit
Total liabilitas 21.467 6.475 Total liabilities
Total aset neto 886.323 543.306 Total net assets
Pada tanggal 31 Desember 2025 dan As of December 31, 2025 and 2024, if the
2024, jika Rupiah melemah atau menguat Rupiah had weakened or strengthened by
sebesar 5% terhadap mata uang lain 5% against other currencies with all other
dengan variabel lain tetap, laba sebelum variables held constant, income before
pajak penghasilan akan menjadi masing- income tax expenses would have been
masing Rp44.316 dan Rp27.165 lebih Rp44,316 and Rp27,165 higher or lower,
tinggi atau lebih rendah, terutama respectively, mainly as a result of foreign
disebabkan karena keuntungan atau exchange gain or loss on translation of
kerugian selisih kurs atas translasi mata foreign currencies.
uang asing.
156
Page 484
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
3. Risiko tingkat suku bunga 3. Interest rate risk
Risiko tingkat suku bunga adalah risiko Interest rate risk is the risk that the value or
dimana nilai atau arus kas masa depan future cash flows of a financial instrument
atas instrumen keuangan akan berfluktuasi will fluctuate due to changes in market
akibat perubahan tingkat suku bunga interest rates.
pasar.
Instrumen yang memiliki tingkat suku Floating rate instruments expose the
bunga mengambang mengekspos Company to cash flow interest rate risk,
Perusahaan terhadap risiko tingkat suku whereas fixed interest rate instruments
bunga arus kas, dimana instrumen dengan expose the Company to fair value interest
tingkat suku bunga tetap mengekspos risk. Management monitors the impact of
Perusahaan terhadap risiko tingkat suku interest rate changes on investment. This
bunga nilai wajar. Manajemen mengawasi action is performed by referring to the Bank
akibat perubahan tingkat suku bunga Indonesia‘s rate and inflation rate.
investasi. Tindakan ini dilakukan dengan
merujuk kepada tingkat suku bunga Bank
Indonesia dan tingkat inflasi.
Untuk meyakinkan kecukupan dana dalam In order to ensure the sufficiency of funds
memenuhi kewajiban yang berasal dari to fulfill its obligations arising from
kontrak asuransi, kebijakan Perusahaan insurance contracts, the Company’s
atas risiko tingkat suku bunga interest risk policy requires appropriate
mengharuskan instrumen dengan tingkat fixed rate instruments to be maintained.
suku bunga tetap untuk dijaga. Suku bunga Interest on fixed interest rate instruments is
pada instrumen yang memiliki tingkat suku priced at the inception and is fixed until
bunga tetap ditentukan pada awal waktu maturity. Therefore, the Company’s
dan akan selalu tetap hingga jatuh tempo. interest rate risk arises primarily from its
Sehingga, risiko tingkat suku bunga investments in long-term debt and other
Perusahaan utamanya berasal dari fixed income instruments. Interest rate risk
investasi dalam utang jangka panjang dan also exists in certain insurance products
instrumen pendapatan tetap lainnya. that carry investment guarantees on early
Risiko tingkat suku bunga juga terdapat surrender or at maturity, where claim
pada produk asuransi tertentu yang values can become higher than the value
membawa jaminan investasi atas of backing assets as a result of rises or falls
penebusan awal atau pada saat jatuh in interest rates.
tempo, dimana nilai klaim akan menjadi
lebih besar daripada nilai pendukung aset
sebagai akibat meningkatnya atau
menurunnya tingkat suku bunga.
157
Page 485
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
3. Risiko tingkat suku bunga (lanjutan) 3. Interest rate risk (continued)
Tabel di bawah mengikhtisarkan investasi The table below summarizes the
Perusahaan dengan tingkat suku bunga Company’s interest bearing investments at
pada nilai tercatatnya, dikategorikan carrying amount, categorized by
berdasarkan tanggal jatuh tempo kontrak: contractual maturity dates:
2025
Rata-rata
tertimbang
tingkat suku
bunga efektif/
Weighted Nilai Kurang dari Lebih dari
average tercatat/ 1 tahun/ 15 tahun/
effective Carrying Less than 1 1 - 5 tahun/ 5 - 15 tahun/ More than
interest rates amount year 1 - 5 years 5 -15 years 15 years
Investasi: Investments:
Rupiah: Rupiah:
Deposito berjangka 5,53% 763.822 763.822 - - - Time deposits
Efek utang 7,35% 10.394.545 1.201.034 2.819.988 4.775.448 1.598.075 Debt securities
Pinjaman hipotik 0,05% 2.200 37 300 1.863 - Mortgage loans
Mata uang asing: Foreign currencies:
Deposito berjangka 3,50% 8.387 8.387 - - - Time deposits
Efek utang 5,30% 257.846 3.357 39.226 20.336 194.927 Debt securities
Total 11.426.800 1.976.637 2.859.514 4.797.647 1.793.002 Total
2024
Rata-rata
tertimbang
tingkat suku
bunga efektif/
Weighted Nilai Kurang dari Lebih dari
average tercatat/ 1 tahun/ 15 tahun/
effective Carrying Less than 1 1 - 5 tahun/ 5 - 15 tahun/ More than
interest rates amount year 1 - 5 years 5 -15 years 15 years
Investasi: Investments:
Rupiah: Rupiah:
Deposito berjangka 6,07% 727.921 727.921 - - - Time deposits
Efek utang 7,36% 9.023.748 1.191.231 2.679.160 3.801.611 1.351.746 Debt securities
Pinjaman hipotik 0,35% 2.823 - 849 1.612 362 Mortgage loans
Mata uang asing: Foreign currencies:
Deposito berjangka 4,00% 8.077 8.077 - - - Time deposits
Efek utang 5,73% 248.702 29.841 19.219 19.149 180.493 Debt securities
Total 10.011.271 1.957.070 2.699.228 3.822.372 1.532.601 Total
Analisa sensitivitas terhadap risiko Sensitivity analysis on interest rate
tingkat suku bunga risks
Celah antara aset dan liabilitas tingkat The gap between asset and liability interest
suku bunga diawasi dengan memeriksa rates is monitored by examining the
sensitivitas aset dan liabilitas keuangan sensitivity of the Company’s financial
Perusahaan terhadap berbagai skenario assets and liabilities to various standard
standar dan non-standar tingkat suku and non-standard interest rate scenarios.
bunga. Skenario standar yang Standard scenarios that are considered on
dipertimbangkan atas dasar bulanan a monthly basis include a parallel fall or rise
termasuk kenaikan atau penurunan paralel in all yield curves, designated at 50 basis
kurva imbal hasil, yang ditunjukkan point.
dengan 50 basis poin.
158
Page 486
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko pasar (lanjutan) b. Market risk (continued)
3. Risiko tingkat suku bunga (lanjutan) 3. Interest rate risk (continued)
Analisa sensitivitas terhadap risiko Sensitivity analysis on interest rate
tingkat suku bunga (lanjutan) risks (continued)
Berikut adalah analisa sensitivitas atas The following presents the sensitivity
risiko tingkat suku bunga terhadap ekuitas analysis of interest rate risk with respect to
dan laba rugi. its impact on equity and profit or loss.
31 Desember/December 31, 2025
Persentase/ Ekuitas/ Laba Rugi/
Percentage Equity Profit Loss
Liabilitas Kontrak Asuransi +0,5% 176.372 (2,056) Insurance contract liabilities
Liabilitas Kontrak Asuransi -0,5% (196.613) 2.093 Insurance contract liabilities
Aset Investasi +0,5% (401.669) (18.066) Investment Assets
Aset Investasi -0,5% 401.669 18.066 Investment Assets
31 Desember/December 31, 2024
Persentase/ Ekuitas/ Laba Rugi/
Percentage Equity Profit Loss
Liabilitas Kontrak Asuransi +0,5% 107.692 (2.872) Insurance contract liabilities
Liabilitas Kontrak Asuransi -0,5% (119.752) 2.893 Insurance contract liabilities
Aset Investasi +0,5% (362.903) (12.933) Investment Assets
Aset Investasi -0,5% 362.903 12.933 Investment Assets
c. Risiko kredit c. Credit risk
Risiko kredit adalah risiko kerugian keuangan Credit risk is the risk of financial loss from
dari pihak lain yang tidak mampu memenuhi counterparties being unable to fulfil their
kewajiban kontraktual. Risiko ini umumnya contractual obligations. This risk will generally
berasal dari deposito bank, piutang dan arise from bank deposits, receivables and
investasi. investments.
Risiko-risiko yang berhubungan dengan The risks associated with savings in banks are
simpanan di bank dikelola dengan melakukan managed by continuous monitoring of the
pengawasan berkelanjutan atas kredibilitas dan credibility and solvency of the counterparty
kesanggupan pihak bank, mempertimbangkan banks, considering the bank's participation
partisipasi bank di program Lembaga Penjamin in the Deposit Insurance Agency’s (LPS)
Simpanan (LPS). Untuk risiko kredit atas program. For credit risk on receivables,
piutang, manajemen secara reguler mengawasi management regularly monitors the payment
riwayat pembayaran atas premi asuransi. history of the insurance premium.
(i) Eksposur maksimum terhadap risiko kredit (i) Maximum exposure to credit risk
Eksposur maksimum terhadap risiko kredit Maximum exposure to credit risk of
aset keuangan sama dengan nilai financial assets equals to their carrying
tercatatnya pada laporan posisi keuangan. amount in the statement of financial
position.
159
Page 487
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko kredit (lanjutan) c. Credit risk (continued)
(i) Eksposur maksimum terhadap risiko kredit (i) Maximum exposure to credit risk
(lanjutan) (continued)
Tabel berikut (neto) menyajikan eksposur The following table (net) presents the
maksimum Perusahaan terhadap risiko Company’s maximum exposure to credit
kredit: risk:
31 Desember/December 31
2025 2024
Instrumen keuangan: Financial instruments:
Bank 1.001.520 668.850 Cash in banks
Piutang kontribusi 4.728 1.136 Contribution receivables
Piutang investasi 164.607 167.949 Investment receivables
Piutang lain-lain 51.304 18.867 Other receivables
Investasi 14.077.352 12.918.870 Investments
Aset lain-lain - jaminan 4.011 3.959 Other assets - deposits
Total 15.303.522 13.779.631 Total
Tabel berikut memberikan informasi The table below provides information
sehubungan dengan distribusi risiko kredit regarding the distribution of credit risk over
atas berbagai aset keuangan dan kualitas various financial assets and their credit
kreditnya (dalam nilai bruto): quality (in gross amount):
31 Desember/December 31, 2025
Belum
jatuh tempo Telah jatuh tempo namun tidak mengalami penurunan nilai/
maupun Past due but not impaired
mengalami Mengalami
penurunan nilai/ penurunan
Neither past due 30 hari/ 60 hari/ 90 hari/ >90 hari/ nilai/ Nilai tercatatl/
nor impaired days days days days impaired Carrying value
Bank/
Cash in banks 1.001.520 - - - - 2.619 1.004.139
Piutang kontribusi/
Contribution
receivables - 1.102 272 268 3.086 - 4.728
Piutang investasi/
Investment
receivables 164.607 - - - - - 164.607
Piutang lain-lain/
Other receivables - 12.060 3.462 5.814 29.968 7 51.311
Investasi/Investments 14.077.352 - - - - 2.866 14.080.218
Aset lain-lain
- jaminan/
Other assets -
deposits 4.011 - - - - - 4.011
Total 15.247.490 13.162 3.734 6.082 33.054 5.492 15.309.014
Cadangan kerugian
penurunan nilai/
Allowance for
Impairment lossess (5.492)
Neto/Net 15.303.522
160
Page 488
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko kredit (lanjutan) c. Credit risk (continued)
(i) Eksposur maksimum terhadap risiko kredit (i) Maximum exposure to credit risk
(lanjutan) (continued)
Tabel berikut memberikan informasi The table below provides information
sehubungan dengan distribusi risiko kredit regarding the distribution of credit risk over
atas berbagai aset keuangan dan kualitas various financial assets and their credit
kreditnya (dalam nilai bruto): (lanjutan) quality (in gross amount): (continued)
31 Desember/December 31, 2024
Belum
jatuh tempo Telah jatuh tempo namun tidak mengalami penurunan nilai/
maupun Past due but not impaired
mengalami Mengalami
penurunan nilai/ penurunan
Neither past due 30 hari/ 60 hari/ 90 hari/ >90 hari/ nilai/ Nilai tercatatl/
nor impaired days days days days impaired Carrying value
Bank/
Cash in banks 668.850 - - - - 1.743 670.593
Piutang kontribusi/
Contribution
receivables - 213 44 1 878 - 1.136
Piutang investasi/
Investment
receivables 167.949 - - - - - 167.949
Piutang lain-lain/
Other receivables - 6.779 4.031 4.579 3.478 9 18.876
Investasi/Investments 12.918.870 - - - - 2.821 12.921.691
Aset lain-lain
- jaminan/
Other assets -
deposits 3.959 - - - - - 3.959
Total 13.759.628 6.992 4.075 4.580 4.356 4.573 13.784.204
Cadangan kerugian
penurunan nilai/
Allowance for
Impairment lossess (4.573 )
Neto/Net 13.779.631
(ii) Konsentrasi risiko kredit (ii) Concentration of credit risk
Konsentrasi risiko kredit muncul pada saat Concentration of credit risk arises when a
pihak lawan yang bergerak di bidang usaha number of counterparties are engaged in
yang sama atau dalam satu wilayah similar business activities or activities
geografis yang sama, atau ketika mereka within the same geographical region, or
memiliki karakteristik yang sama yang when they have similar characteristic that
dapat menyebabkan kemampuan mereka would cause their ability to meet
untuk memenuhi kewajiban kontraktual contractual obligation to be similarly
menjadi sama dipengaruhi oleh perubahan affected by changes in economic or other
ekonomi atau kondisi lain. condition.
161
Page 489
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko kredit (lanjutan) c. Credit risk (continued)
(ii) Konsentrasi risiko kredit (lanjutan) (ii) Concentration of credit risk (continued)
Tabel berikut menyajikan konsentrasi risiko The following table presents the
kredit berdasarkan tipe pihak lawan: concentration of credit risk by types of
counterparty:
31 Desember/December 31, 2025
Jumlah/ Neto/ Persentase/
Amount ECL Net Percentage
Korporasi 4.471.269 (7) 4.471.262 29 Corporate
Bank 2.637.332 (5.221) 2.632.111 17 Banks
Pemerintah 8.193.021 (248) 8.192.773 54 Government
Perusahaan asuransi/ Insurance/reinsurance
reasuransi 5.174 - 5.174 - companies
Ritel 2.218 (16) 2.202 - Retail
Total 15.309.014 (5.492) 15.303.522 100 Total
31 Desember/December 31, 2024
Jumlah/ Neto/ Persentase/
Amount ECL Net Percentage
Korporasi 3.966.363 (2.742) 3.963.621 29 Corporate
Bank 2.497.109 (1.743) 2.495.366 18 Banks
Pemerintah 7.305.168 (61) 7.305.107 53 Government
Perusahaan asuransi/ Insurance/reinsurance
reasuransi 8.063 - 8.063 - companies
Ritel 7.501 (27) 7.474 - Retail
Total 13.784.204 (4.573) 13.779.631 100 Total
Tabel berikut menyajikan paparan risiko The following table presents the management’s credit
kredit manajemen berdasarkan rating: risk exposure by rating:
31 Desember/December 31, 2025
AAA AA A Total
Paparan risiko kredit Maximum credit
maksimum - 13.401 5.493 18.894 risk exposure
Total - 13.401 5.493 18.894 Total
31 Desember/December 31, 2024
AAA AA A Total
Paparan risiko kredit Maximum credit
maksimum - 3.170 8.567 11.737 risk exposure
Total - 3.170 8.567 11.737 Total
162
Page 490
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
d. Risiko likuiditas d. Liquidity risk
Risiko likuiditas adalah risiko yang akan dialami Liquidity risk is the risk that the Company will
Perusahaan ketika menemui kesulitan dalam encounter difficulties in meeting obligations
memenuhi kewajiban yang berhubungan associated with its financial liabilities when they
dengan liabilitas keuangan ketika mereka jatuh fall due. Liquidity risk may also arise from the
tempo. Risiko likuiditas dapat juga timbul dari timing differences between gross cash out-flow
perbedaan waktu antara arus kas keluar bruto and expected reinsurance recoveries.
dan pemulihan reasuransi yang diharapkan.
Risiko ini dikelola melalui proyeksi kas dengan This risk is managed by cash projections by
membandingkan profil jatuh tempo aset dan matching the maturity profiles of financial
liabilitas keuangan, dan juga secara assets and liabilities, as well as continuously
berkelanjutan membandingkan rencana arus comparing the planned and actual cash flows.
kas dan aktualnya.
Profil jatuh tempo Maturity profiles
Profil jatuh tempo liabilitas manfaat polis masa Maturity profiles of liabilities for future policy
depan ditentukan berdasarkan estimasi waktu benefits are determined based on estimated
arus kas keluar neto dari liabilitas asuransi yang timing of net cash outflows from the recognized
diakui. Premi belum merupakan pendapatan insurance liabilities. Unearned premiums and
dan bagian reasuransi atas premi belum the reinsurers’ share of unearned premiums
merupakan pendapatan telah dikecualikan dari have been excluded from the analysis as these
analisa disebabkan bukan merupakan are not contractual obligations.
kewajiban kontraktual.
Perusahaan memiliki portofolio aset yang highly The Company maintains a portfolio of highly
marketable dan beragam yang dapat dicairkan marketable and diverse assets that can be
dengan mudah pada saat kebutuhan likuiditas easily liquidated in the event of an unforeseen
arus kas yang tidak terduga. liquidity needs of cash flows.
Tabel berikut mengikhtisarkan profil jatuh The following table summarizes the maturity
tempo liabilitas keuangan non-derivatif profile of the non-derivative financial liabilities
berdasarkan kewajiban kontraktual yang based on remaining discounted contractual
didiskontokan. obligations.
31 Desember/December 31, 2025
Nilai Lebih dari Dibayarkan
tercatat/ Hingga satu 3 tahun/ ketika diminta/
Carrying tahun/ 1-3 tahun/ More than Payable on
amount Up to a year years 3 years demand
Liabilitas keuangan Financial liabilities
Beban akrual 139.692 139.692 - - - Accrued expenses
Utang lain-lain 223.762 184.081 - - 39.681 Other liabilities
Liabilitas sewa 15.453 15.453 - - - Lease liabilities
378.907 339.226 - - 39.681
31 Desember/December 31, 2024
Nilai Lebih dari Dibayarkan
tercatat/ Hingga satu 3 tahun/ ketika diminta/
Carrying tahun/ 1-3 tahun/ More than Payable on
amount Up to a year years 3 years demand
Liabilitas keuangan Financial liabilities
Beban akrual 112.720 112.720 - - - Accrued expenses
Utang lain-lain 112.375 80.418 - - 31.957 Other liabilities
Liabilitas sewa 6.876 6.876 - - - Lease liabilities
231.971 200.014 - - 31.957
163
Page 491
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Profil jatuh tempo (lanjutan) Maturity profiles (continued)
Di bawah ini merupakan ringkasan analisis Belos is the summary of the maturity analysis
jatuh tempo untuk produk dengan metode for products using the GMM and VFA
perhitungan GMM dan VFA yang dilakukan oleh calculation methods performed by the
Perusahaan: Company:
31 Desember/December 31, 2025
Lebih dari
Hingga satu 10 tahun/
tahun/ 1-5 tahun/ 5-10 tahun/ More than Jumlah/
up to a year years years 10 years Total
Aset pendasar Underlying assets
Obligasi pemerintah 485.896 1.184.793 2.680.316 3.363.278 7.714.283 Government bonds
Efek utang lainnya 718.495 1.579.708 35.734 258.806 2.592.743 Other debt securities
Efek saham 1.843.620 - - - 1.843.620 Equity securities
Reksadana 806.932 - - - 806.932 Mutual fund
Deposito berjangka 752.254 - - - 752.254 Time deposit
Pinjaman hipotik 37 300 1.863 - 2.200 Mortgage loan
4.607.234 2.764.801 2.717.913 3.622.084 13.712.032
Investasi lainnya Other investments
Obligasi pemerintah - 94.711 250.654 - 345.365 Government bonds
Deposito berjangka 19.955 - - - 19.955 Other debt securities
19.955 94.711 250.654 - 365.320
Total aset Total investment
investasi 4.627.189 2.859.512 2.968.567 3.622.084 14.077.352 assets
Saldo kontrak Insurance contract
asuransi balance
Aset (liabilitas) Reinsurance contract
Kontrak reasuransi - - - - - assets (liabilities)
Libilitas (aset) Insurance contract
Kontrak asuransi 742.977 262.312 1.151.864 2.966.100 5.123.253 liabilities (assets)
Total saldo kontrak total insurance contract
asuransi 742.977 262.312 1.151.864 2.966.100 5.123.253 balances
164
Page 492
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Profil jatuh tempo (lanjutan) Maturity profiles (continued)
Di bawah ini merupakan ringkasan analisis Belos is the summary of the maturity analysis
jatuh tempo untuk produk dengan metode for products using the GMM and VFA
perhituangan GMM dan VFA yang dilakukan calculation methods performed by the
oleh Perusahaan: (lanjutan) Company: (continued)
31 Desember/December 31, 2024
Lebih dari
Hingga satu 10 tahun/
tahun/ 1-5 tahun/ 5-10 tahun/ More than Jumlah/
up to a year years years 10 years Total
Aset pendasar Underlying assets
Obligasi pemerintah 587.712 791.898 2.359.713 3.114.085 6.853.408 Government bonds
Efek utang lainnya 633.361 1.172.760 37.272 231.434 2.074.827 Other debt securities
Efek saham 2.008.264 - - - 2.008.264 Equity securities
Reksadana 899.335 - - - 899.335 Mutual fund
Deposito berjangka 716.055 - - - 716.055 Time deposit
Pinjaman hipotik 331 - 2.492 - 2.823 Mortgage loan
4.845.058 1.964.658 2.399.477 3.345.519 12.554.712
Investasi lainnya Other investments
Obligasi pemerintah - 94.780 249.435 - 344.215 Government bonds
Deposito berjangka 19.943 - - - 19.943 Other debt securities
19.943 94.780 249.435 - 364.158
Total aset Total investment
investasi 4.865.001 2.059.438 2.648.912 3.345.519 12.918.870 assets
Saldo kontrak Insurance contract
asuransi balance
Aset (liabilitas) Reinsurance contract
Kontrak reasuransi - - - - - assets (liabilities)
Libilitas (aset) Insurance contract
Kontrak asuransi 498.324 (363.272) 1.136.121 2.765.643 4.036.816 liabilities (assets)
Total saldo kontrak total insurance contract
asuransi 498.324 (363.272) 1.136.121 2.765.643 4.036.816 balances
Risiko likuiditas – jumlah terutang Liquidity risk- Amounts payable
31 Desember/December 31, 2025
Jumlah yang harus
dibayar pada saat
diminta/
Amount payable Nilai tercatat/
on demand Carrying amount
Kontrak partisipasi langsung 3.728.342 3.896.028 Direct participating contracts
31 Desember/December 31, 2024
Jumlah yang harus
dibayar pada saat
diminta/
Amount payable Nilai tercatat/
on demand Carrying amount
Kontrak partisipasi langsung 3.096.762 3.257.942 Direct participating contracts
165
Page 493
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 27. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
e. Risiko penjaminan e. Underwriting risk
Berikut merupakan ringkasan risiko Below is the summary of underwriting risk:
penjaminan:
31 Desember/December 31, 2025 31 Desember/December 31, 2024
Reasuransi Reasuransi Reasuransi Reasuransi
Bruto/ neto/ bruto/ neto/
Gross of Net of Gross of Net of
reinsurance reinsurance reinsurance reinsurance
Kelompok risiko asuransi Insurance risk bands
0.0.5 735.130 664.288 - - 0.0.5
0.5-1 120.590.392 91.235.180 131.235.127 100.087.026 0.5-1
Lebih dari 1 10.328.816 8.376.907 1.030.816 1.029.816 More than 1
Total 131.654.338 100.276.375 132.265.943 101.116.842 Total
28. PERJANJIAN-PERJANJIAN SIGNIFIKAN 28. SIGNIFICANT AGREEMENTS
a. Perusahaan mempunyai perjanjian reasuransi a. The Company has treaty reinsurance
treaty dengan beberapa perusahaan asuransi. agreements with several insurance
Berdasarkan perjanjian tersebut, Perusahaan companies. Based on the agreements, the
membayar porsi tertentu dari premi kepada Company shall pay a certain portion of the
reasuradur sehubungan dengan semua risiko original premium due to the reinsurers in
yang diserahkan. Reasuradur akan respect of all risks ceded. The reinsurers shall
memberikan komisi sesuai dengan yang diatur allow commission as stated in the agreements.
dalam perjanjian.
b. Perusahaan melakukan perjanjian kerjasama b. The Company entered into agreements with
dengan beberapa bank seperti PT Bank CIMB several banks such as PT Bank CIMB Niaga
Niaga Tbk dan PT Bank Maybank Indonesia Tbk Tbk and PT Bank Maybank Indonesia Tbk for
untuk kerjasama dalam jasa kustodian dan custodian services and government securities
penitipan surat utang negara serta administrasi custody and transaction settlement
penyelesaian transaksi sub registry. administration sub registry.
Perjanjian kerjasama tersebut akan berakhir jika This agreement will expire if the Company
Perusahaan memberitahukan secara tertulis notify in writing to the other party to terminate
kepada kustodian untuk menghentikan the agreement.
kerjasama.
c. Perusahaan melakukan perjanjian dengan c. The Company entered into agreements
beberapa perusahaan manajer investasi untuk with several investment manager entities to
mengelola reksa dana-reksa dana yang dimiliki manage the Company’s mutual funds. These
Perusahaan. Perjanjian-perjanjian tersebut agreements will expire when the mutual funds
akan berakhir pada saat produk reksa dana product becomes due or if a party asks to
yang dikelola telah jatuh tempo atau jika salah terminate the agreement by notify in writing.
satu pihak mengajukan penghentian kerjasama
secara tertulis kepada pihak lainnya.
166
Page 494
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. PERJANJIAN-PERJANJIAN SIGNIFIKAN 28. SIGNIFICANT AGREEMENTS (continued)
(lanjutan)
d. Perusahaan melakukan perjanjian kerjasama d. The Company entered into agreement with
dengan PT Administrasi Medika dimana PT Administrasi Medika whereby the Company
Perusahaan akan membayar sejumlah fee atas agree to pay a fee for health claim service
jasa pengelolaan administrasi klaim kesehatan administration from the Company’s health
dari peserta asuransi kesehatan Perusahaan. insurance participants.
Perjanjian tersebut akan berakhir dengan Those agreements will expire based on the
ketentuan waktu yang telah disepakati pada term of the contracts by both parties with the
kontrak kerjasama kedua belah pihak dengan period of time from 1 years up to 2 years.
jangka waktu kontrak berkisar antara 1 tahun
sampai dengan 2 tahun.
e. Perusahaan melakukan perjanjian sewa e. The Company entered into an agreement
gedung berlokasi di Sinarmas MSIG Tower Jln. regarding the rent of a building located in
Jend. Sudirman Kav. 21, Jakarta 12920 dengan Sinarmas MSIG Tower Jln. Jend. Sudirman
PT Duta Cakra Pesona, pihak berelasi, untuk Kav. 21, Jakarta 12920 with PT Duta Cakra
lantai 3, 6 dan 7. Gedung tersebut digunakan Pesona, a related party, for the 3rd, 6th and 7th
oleh Perusahaan sebagai Kantor Manajemen floor. The building is used by the Company as
dan Layanan Nasabah Perusahaan. Masa a Management and Customer Service Office.
perjanjian dimulai dari 1 Desember 2017 dan The period of the agreement starts from
telah diperpanjang beberapa kali hingga December 1, 2017 and has been extended
November 2023. Setelah masa sewa tahun several times until November 2023. After the
2023 selesai, jangka waktu perjanjian di 2023 lease period is over, The agreement
perpanjang hingga 30 November 2027. period is extended until 30, November 2027.
f. Pada tanggal 18 Juni 2019, Perusahaan f. On June 18, 2019, the Company entered an
melakukan perjanjian kerjasama dengan PT agreement with PT Bank Sinarmas Tbk
Bank Sinarmas Tbk (Bank Sinarmas), sebagai (Bank Sinarmas), as a main strategic partner
mitra strategis utama efektif sejak tanggal 1 Juli effective on July 1, 2019 to June 30, 2034.
2019 sampai 30 Juni 2034. Bank Sinarmas Bank Sinarmas will maximize the selling of the
akan memaksimalkan penjualan produk Company’s products through its distribution
Perusahaan melalui jalur distribusi. Dalam channel. In accordance with this agreement,
kaitannya dengan perjanjian ini, Perusahaan the Company paid upfront fee amounting to
telah membayar fee di muka sejumlah Rp400,000 that recognized as deferred
Rp400.000 yang diakui sebagai beban charges in other assets account that are
tangguhan dalam akun aset lain-lain yang amortized using straight-line method for
diamortisasi menggunakan metode garis lurus 15 years.
selama 15 tahun.
167
Page 495
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. PERJANJIAN-PERJANJIAN SIGNIFIKAN 28. SIGNIFICANT AGREEMENTS (continued)
(lanjutan)
g. Perusahaan menunjuk PT Ashmore Asset g. The Company appoints PT Ashmore Asset
Management Indonesia, PT Sinarmas Aset Management Indonesia, PT Sinarmas Aset
Manajemen, PT Batavia Prosperindo Aset Manajemen, PT Batavia Prosperindo Aset
Manajemen, PT Syailendra Capital, Manajemen, PT Syailendra Capital,
PT Bahana TCW Investment Management, PT Bahana TCW Investment Management,
Allianz Global Investor Asset Management dan and Allianz Global Investor Asset Management
WCM Investment Management sebagai and WCM Investment Management as
manager investasi untuk mengelola portofolio investment managers to manage the portfolio
sesuai dengan ketentuan pedoman investasi in accordance with the provisions of the
dan atas nama perusahaan dalam bentuk investment guidelines for and on behalf of the
Kontrak Pengelolaan Dana (KPD). company in the managing client’s segregated
portfolio (KPD).
Perjanjian tersebut akan berakhir dengan Those agreements will expire based on the
ketentuan waktu yang telah disepakati pada term of the contracts by both parties with the
kontrak kerjasama kedua belah pihak dengan period of time from 1 years up to 3 years.
jangka waktu kontrak berkisar antara 1 tahun
sampai dengan 3 tahun.
h. Dimulai sejak tahun 2021, Perusahaan telah h. Started in 2021, the Company entered into
melakukan perjanjian kerjasama pemberian agreement with several agent to pay in
pembiayaan kepada sejumlah agen, atas advance fee income regarding the selling of
penjualan beberapa produk asuransi jiwa yang several life insurance products issued by the
dikeluarkan oleh Perusahaan. Perjanjian Company. The agreements will expire based
tersebut akan berakhir dengan ketentuan on the term of the contracts by both parties with
waktu yang telah disepakati pada kontrak the period of time from 3 years up to 10 years.
kerjasama kedua belah pihak dengan jangka
waktu kontrak berkisar antara 3 tahun sampai
dengan 10 tahun.
i. Pada tanggal 27 Juli 2022, Perusahaan i. On July, 27, 2022, the Company entered an
melakukan kerjasama dengan Global Excel agreement with Global Excel Indonesia
Indonesia terkait pengelolaan administrasi regarding healthcare insurance administration
asuransi kesehatan sampai dengan tanggal effective until August 5, 2024 the agreement
5 Agustus 2024 kemudian perjanjian tersebut was subsequently extended until August 4,
diperpanjang kembali sampai dengan tanggal 2026. The term of the cooperation agreement
4 Agustus 2026. Jangka waktu perjanjian kerja will expire based on the term of the contracts
sama akan berakhir dengan ketentuan waktu by both parties with the period of time from
yang telah disepakati pada kontrak kerjasama 1 years up to 2 years.
kedua belah pihak dengan jangka waktu
kontrak berkisar antara 1 tahun sampai dengan
2 tahun.
168
Page 496
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. PERJANJIAN-PERJANJIAN SIGNIFIKAN 28. SIGNIFICANT AGREEMENTS (continued)
(lanjutan)
j. Perusahaan melakukan perjanjian kerjasama j. The Company entered into bancassurance
bancassurance dengan beberapa bank seperti agreements with several banks such as
PT Bank Sinarmas Tbk, PT Bank Tabungan PT Bank Sinarmas Tbk, PT Bank Tabungan
Negara (Persero) Tbk (Bank BTN), PT Bank Negara (Persero) Tbk (Bank BTN), PT Bank
CIMB Niaga Tbk, dan PT Bank OCBC NISP, CIMB Niaga Tbk, and PT Bank OCBC NISP,
Tbk (Bank OCBC) untuk penjualan produk Tbk (Bank OCBC) for insurance product sales.
asuransi.
Perjanjian kerjasama bancassurance tersebut This bancassurance agreement will expire if
akan berakhir jika salah satu pihak terlebih the one of the party notify in writing to the other
dahulu memberitahukan secara tertulis kepada party to terminate the agreement.
pihak lainnya untuk menghentikan kerjasama.
k. Pada tanggal 28 November 2022, Perusahaan k. On November 28, 2022, the Company entered
melakukan perjanjian dengan PT Bumi to an agreement with PT Bumi Amartha
Amartha Teknologi Mandiri pekerjaan terkait Teknologi Mandiri concerning technology
teknologi informasi yang dimulai tanggal information services the period started from
1 September 2025 dan akan berakhir pada 1 September, 2025 and will be expired on
tanggal 31 Agustus 2028. Untuk masa berakhir 31 August, 2028. The expiration date of this
dari perjanjian kerjasama ini masih dalam agreement is currently in the process of being
proses perpanjangan. extended.
l. Pada tanggal 8 Oktober 2018, Perusahaan l. On October 8,, 2018, the Company entered to
melakukan perjanjian kerjasama pencetakan an agreement outsource policy production with
polis dengan PT Reycom Document Solusi PT Reycom Document Solusi the period
yang dimulai tanggal 1 Desember 2018. started from December 1, 2018.
Perjanjian kerjasama akan berakhir pada This agreement will be expired on
tanggal 17 Mei 2026. May 17, 2026.
m. Pada tanggal 28 November 2023, Perusahaan m. On November 28, 2023, the Company entered
melakukan perjanjian kerjasama Contact to an Contact center agreement with PT VADS
Center dengan PT VADS Indonesia yang Indonesia the period started from
dimulai tanggal 28 November 2023 sampai November 28, 2023 up to June 23, 2027.
dengan tanggal 23 Juni 2027.
29. LIABILITAS KONTINJENSI 29. CONTINGENT LIABILITY
Pada bulan Januari 2022, Perusahaan menjadi In January 2022, the Company became First
Tergugat 1 atas gugatan perdata tanggung renteng defendant under a Joint Liability Lawsuit with
dengan Nomor Perkara 54/Pdt.G/2022/PN.Mnd dan lawsuit Number 54/Pdt.G/2022/PN.Mnd and
61/Pdt.G/2022/PN.Mnd di Pengadilan Negeri 61/Pdt.G/2022/PN.Mnd. The claim for material
Manado. Tuntutan ganti rugi materiil yang diajukan compensation filed in the two lawsuits above is
dalam kedua gugatan di atas adalah sebesar Rp83,550, compensation for opportunity loss of 5%
Rp83.550, ganti rugi kehilangan keuntungan 5% per per month and a late penalty of 6% per year from
bulan dan denda keterlambatan 6% per tahun sejak May 2020 until the decision is carried out, and
Mei 2020 sampai dengan putusan dilaksanakan, dan Rp100,000 for immaterial losses.
Rp100.000 untuk kerugian immateriil.
169
Page 497
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. LIABILITAS KONTINJENSI (lanjutan) 29. CONTINGENT LIABILITY (continued)
Pada 6 Februari 2023, Pengadilan Negeri Manado On February 6, 2023, Manado District Court has
telah menetapkan putusan dengan Nomor Perkara issued a court decision with Case Numbers
54/Pdt.G/2022/PN.Mnd dan 61/Pdt.G/2022/PN.Mnd 54/Pdt.G/2022/PN.Mnd and 61/Pdt.G/2022/PN.Mnd
dimana Perusahaan secara tanggung renteng where the Company is jointly and severally
bertanggung jawab atas kedua gugatan tersebut responsible for the two lawsuits in the form of
berupa ganti rugi materiil, yang terdiri dari ganti rugi material compensation, consisting of compensation
uang premi yang telah dibayarkan sebesar Rp82.253, for premium money that has been paid of Rp82,253
ganti rugi kehilangan keuntungan 5% per bulan dan compensation for opportunity loss of 5% per month
denda keterlambatan 6% per tahun sejak Mei 2020 and late penalty of 6% per year from May 2020 until
sampai dengan putusan dilaksanakan, dan Rp50.000 the decision is implemented, and Rp50,000 for
untuk kerugian immateriil. immaterial losses.
Atas Putusan Pengadilan Negeri Manado tersebut, Upon Manado District Court Decision, the Company
Perusahaan telah menggunakan hak hukumnya has exercised its legal rights by submitting an appeal
dengan mengajukan upaya hukum banding ke process to the upper court at Manado High Court on
pengadilan tingkat lanjut pada Pengadilan Tinggi February 16, 2023.
Manado pada tanggal 16 Februari 2023.
Pada 27 Juni 2023, Pengadilan Tinggi Manado telah On June 27, 2023, the Manado High Court issued
menetapkan putusan dengan Nomor Perkara a decision with Case Numbers 92/PDT/2023/
92/PDT/2023/PT MND dan 101/PDT/2023/ PT MND and 101/PDT/2023/PT MND where the
PT MND dimana Perusahaan diputuskan untuk Company is partially responsible for the two lawsuits
bertanggung jawab secara parsial atas kedua in the form of a payment of 50% of total premium
gugatan tersebut berupa pembayaran sebesar 50% money that has been paid in the amount of
dari total uang premi yang telah dibayarkan sebesar Rp82,253; compensation for lost profits of Rp4,000
Rp82.253, ganti rugi kehilangan keuntungan sebesar per month from May 2020 until the decision
Rp4.000 per bulan sejak Mei 2020 sampai dengan becomes final and binding; a late fee of Rp2,000 per
putusan berkekuatan hukum tetap dan denda year from 2020 until the decision becomes final and
keterlambatan sebesar Rp2.000 per tahun sejak 2020 binding; and payment of 50% of Rp20,000 for
sampai dengan putusan berkekuatan hukum tetap, immaterial losses.
dan pembayaran sebesar 50% dari Rp20.000 untuk
kerugian immateriil.
Atas Putusan dari Pengadilan Tinggi Manado Based on Manado High Court Decision, the
tersebut, Perusahaan menggunakan hak hukumnya Company exercised its legal rights by submitting
dengan mengajukan kasasi ke Mahkamah Agung cassation to Supreme Court on July 20, 2023.
pada tanggal 20 Juli 2023.
Mahkamah Agung telah mengeluarkan Putusan The Supreme Court issued Cassation Decision
Kasasi Nomor 631 K/Pdt/2024 tertanggal 07 Maret Number 631 K/Pdt/2024 dated March 7, 2024 and
2024 dan Putusan Nomor Kasasi 621 K/Pdt/2024 Cassation Decision Number 621 K/Pdt/2024 dated
tertanggal 27 Maret 2024. March 27, 2024.
Dalam putusan Mahkamah Agung yang telah In the Supreme Court decision which has permanent
berkekuatan hukum tetap tersebut, telah dinyatakan legal force, it has been stated that the Company has
bahwa Perusahaan tidak melakukan Perbuatan not committed any unlawful acts and the Company
melawan Hukum dan Perusahaan dibebaskan dari is freed from liability for compensation.
tanggung jawab ganti rugi.
On October 30, 2024, the Plaintiffs submitted
Pada tanggal 30 Oktober 2024, Para Penggugat telah Judicial Review to the Supreme Court for both
mengajukan Peninjauan Kembali ke Mahkamah Cassation Decision. Furthermore, the Company has
Agung atas kedua Putusan Kasasi tersebut. submitted the Counter Memorandum of Judicial
Selanjutnya, Perusahaan telah menyampaikan Review on December 17, 2024.
Kontra Memori Peninjauan Kembali pada tanggal
17 Desember 2024.
170
Page 498
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. LIABILITAS KONTINJENSI (lanjutan) 29. CONTINGENT LIABILITY (continued)
Perusahaan menerima relaas Putusan Peninjauan The Company received Court notice on Decision of
Kembali atas perkara Nomor 1407 PK/Pdt/2025 pada Judicial Review Number 1407 PK/Pdt/2025 on
tanggal 22 Januari 2026. Dalam amar petitum January 22, 2026. In the petitum of the Judicial
Putusan Peninjauan Kembali Nomor 1407 Review Decision Number 1407 PK/Pdt/2025, the
PK/Pdt/2025, Perusahaan diputuskan bertanggung Company was decided to be partially responsible for
jawab secara parsial sebesar 50% dari total 50% of the total premium compensation payment of
pembayaran ganti rugi premi sebesar Rp38.500, Rp38,500, compensation for lost profits of Rp2,000
ganti rugi kehilangan keuntungan sebesar Rp2.000 every month starting from May 2020 until the
setiap bulannya terhitung sejak bulan Mei 2020 decision on this case obtains permanent legal force,
sampai dengan putusan atas perkara ini memperoleh and compensation for late fines of Rp1,000 every
kekuatan hukum yang tetap, dan ganti rugi denda year starting from 2020 until the decision on this
keterlambatan sebesar Rp1.000 setiap tahunnya case obtains permanent legal force.
terhitung sejak tahun 2020 sampai dengan putusan
atas perkara ini memperoleh kekuatan hukum yang
tetap.
Perusahaan juga menerima relaas Putusan Company also received Court notice on Decision of
Peninjauan Kembali atas perkara Nomor 1327 Judicial Review Number 1327 PK/Pdt/2025 on
PK/Pdt/2025 pada tanggal 30 Januari 2026. Dalam January 30, 2026. In the petitum of the Judicial
amar petitum Putusan Peninjauan Kembali Nomor Review Decision Number 1327 PK/Pdt/2025, the
1327 PK/Pdt/2025, Perusahaan diputuskan Company was decided to be partially responsible
bertanggung jawab secara parsial sebesar 30% dari for 30% of the total premium compensation
total pembayaran ganti rugi premi sebesar Rp43.753, payment of Rp43,753, compensation for lost profits
ganti rugi kehilangan keuntungan sebesar Rp2.000 of Rp2,000 every month starting from May 2020
setiap bulannya terhitung sejak bulan Mei 2020 until the decision on this case obtains permanent
sampai dengan putusan atas perkara ini memperoleh legal force, compensation for late fines of Rp1,000
kekuatan hukum yang tetap, ganti rugi denda every year starting from 2020 until the decision on
keterlambatan sebesar Rp1.000 setiap tahunnya this case obtains permanent legal force, and
terhitung sejak tahun 2020 sampai dengan putusan immaterial compensation of Rp10,000 which is then
atas perkara ini memperoleh kekuatan hukum yang also calculated with the auction results in the
tetap, dan ganti rugi immateriil sebesar Rp10.000, previous Court Decision.
yang kemudian diperhitungkan juga dengan hasil
lelang dalam Putusan Pengadilan sebelumnya.
Saat ini Perusahaan masih menunggu salinan Currently, the Company is still waiting for a full copy
lengkap putusan secara formal atas kedua Putusan of the formal decision on the two Judicial Review
Peninjauan Kembali tersebut Decisions.
Selain perkara di atas, pada bulan Oktober 2024, Other than above case, in October 2024, the
Perusahaan menjadi Tergugat 1 atas gugatan Company became First Defendant under lawsuit
perdata tanggung renteng dengan Nomor Perkara Number 670/Pdt.G/2024/PN.Mnd. The claim for
670/Pdt.G/2024/PN.Mnd di Pengadilan Negeri material compensation filed in the two lawsuits
Manado. Tuntutan ganti rugi materiil yang diajukan above is Rp3,950, compensation for opportunity
dalam kedua gugatan di atas adalah sebesar loss of 5% per month from February 2016 until
Rp3.950, ganti rugi kehilangan keuntungan 5% per October 2024, and a late penalty of 6% per year
bulan sejak Februari 2016 sampai dengan Oktober from February 2016 until October 2024, and
2024, dan denda keterlambatan 6% per tahun sejak Rp1,000 for immaterial losses.
Februari 2016 sampai dengan Oktober 2024, dan
Rp1.000 untuk kerugian immateriil.
171
Page 499
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. LIABILITAS KONTINJENSI (lanjutan) 29. CONTINGENT LIABILITY (continued)
Pada 22 Juli 2025, Pengadilan Negeri Manado On July 22, 2025, Manado District Court has
telah menetapkan putusan dengan Nomor announced decision under case Number
Perkara 670/Pdt.G/2024/PN.Mnd dimana Pengadilan 670/Pdt.G/2024/PN.Mnd where Court announced
menyatakan gugatan Penggugat tidak dapat diterima that Plaintiff’s lawsuit cannot be accepted and
dan Perusahaan dibebaskan dari kewajiban apapun. Company is released from any compensation
liabilities.
Atas putusan Pengadilan Negeri tersebut, Penggugat Upon decision from Manado District Court, the
mengajukan banding ke Pengadilan Tinggi Manado Plaintiff submitted an appeal to Manado High Court
pada tanggal 4 Agustus 2025. on August 4, 2025.
Pada tanggal 27 Oktober 2025, Pengadilan Tinggi On October 27, 2025, Manado High Court under
Manado atas perkara Nomor 151/PDT/2025/PT MND case Number 151/PDT/2025/PT MND ruled
memutuskan Perusahaan bertanggung jawab untuk Company liable to pay Rp3,500 to the Plaintiff.
membayar sebesar Rp3.500 kepada Penggugat.
Atas Putusan dari Pengadilan Tinggi Manado Nomor Based on Manado High Court Decision Number
151/PDT/2025/PT MND tersebut, Perusahaan 151/PDT/2025/PT MND, the Company exercised its
menggunakan hak hukumnya dengan mengajukan legal rights by submitting cassation to Supreme
kasasi ke Mahkamah Agung pada tanggal Court on November 18, 2025.
18 November 2025.
Saat ini Perusahaan masih menunggu putusan formal Currently, the Company is still waiting for a formal
atas Putusan Mahkamah Agung tersebut. decision on the Supreme Court Decisions.
Merujuk pada penjelasan di atas dan berdasarkan By referring to above explanation and based on
putusan Peninjauan Kembali dari Mahkamah Agung decision of Judicial Review from Supreme Court of
atas perkara Nomor 1407 PK/Pdt/2025 dan perkara case Number 1407 PK/Pdt/2025 and case Number
Nomor 1327 PK/Pdt/2025 serta putusan Pengadilan 1327 PK/Pdt/2025, also Decision from High Court on
Tinggi perkara Nomor 151/PDT/2025/PT MND case Number 151/PDT/2025/PT MND above, the
tersebut, Perusahaan telah menambahkan cadangan Company recognized an additional litigation liability
kewajiban litigasi sebesar Rp127.476 sehingga total provision of Rp127,476, which increased the total
cadangan untuk kasus tersebut di atas menjadi litigation provision for the above related cases to
sejumlah Rp152.476 per 31 Desember 2025, jumlah Rp152,476, as of December 31, 2025. This amount
ini telah mempertimbangkan eksposur jumlah yang reflects the Company’s estimated exposure based
akan dibayarkan oleh Perusahaan berdasarkan on court notice on the Judicial Review and High
relass Putusan Peninjauan Kembali dan Pengadilan Court Decisions.
Tinggi.
Atas seluruh tuntutan hukum terhadap Perusahaan For all outstanding legal claims against the
yang belum selesai pada tanggal 31 Desember 2025 Company as of December 31, 2025 and 2024, the
dan 2024, Perusahaan telah mencatat Company recognized additions/(reversals) of
penambahan/(pembalikan) cadangan kewajiban litigation liability provisions amounting to Rp129,152
litigasi masing-masing sebesar Rp129.152 dan and (Rp103,148), respectively, in general and
(Rp103.148) pada beban umum dan administrasi. administrative expenses. Hence, the total litigation
Sehingga, total cadangan kewajiban litigasi menjadi liability provisions amounted to Rp159,002 and
sebesar Rp159.002 dan Rp30.791 masing-masing Rp30,791 as of December 31, 2025 and 2024,
pada tanggal 31 Desember 2025 dan 2024. (Catatan respectively. (Note 15)
15)
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance formed is
yang dibentuk atas kemungkinan timbulnya kerugian adequate to cover possible losses arising from
akibat tuntutan hukum yang belum diputuskan atau pending lawsuits currently in progress.
masih dalam proses tersebut telah memadai.
172
Page 500
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
30. TAMBAHAN INFORMASI ARUS KAS 30. SUPPLEMENTARY CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the statements of cash flow are as
berikut: follows:
Non-arus kas/
Non-cash flows
1 Januari/ 31 Desember/
January 1, Arus kas/ Penambahan/ Lainnya/ December 31,
2025 Cash flow Additions Others 2025
Liabilitas sewa 6.876 (9.250) 17.474 353 15.453 Lease liabilities
Non-arus kas/
Non-cash flows
1 Januari/ 31 Desember/
January 1, Arus kas/ Penambahan/ Lainnya/ December 31,
2024 Cash flow Additions Others 2024
Liabilitas sewa 14.696 (9.459) 744 895 6.876 Lease liabilities
31. STANDAR AKUNTANSI YANG TELAH 31. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE
Mulai efektif pada atau setelah 1 Januari 2026 Effective beginning on or after January 1, 2026
Standar akuntansi keuangan yang telah disahkan The financial accounting standards that are issued
oleh Dewan Standar Akuntansi Keuangan (DSAK), by the Indonesian Financial Accounting Standards
tetapi belum berlaku efektif untuk laporan keuangan Board (DSAK), but not yet effective for current
tahun berjalan diungkapkan di bawah ini. financial statements are disclosed below. The
Perusahaan bermaksud untuk menerapkan standar Company intends to adopt these standards, if
tersebut, jika dipandang relevan, saat telah menjadi applicable, when they become effective.
efektif.
Amendemen PSAK 109 and PSAK 107: Klasifikasi Amendments to PSAK 109 and PSAK 107:
dan Pengukuran Instrument Keuangan Classification and Measurement of Financial
Instruments
Amandemen tersebut mencakup klarifikasi atas The amendments includes a clarification that a
suatu liabilitas keuangan dihentikan pengakuannya financial liability is derecognised on the ‘settlement
pada “tanggal penyelesaian” serta date’ and the introduction of an accounting policy
memperkenalkan pilihan kebijakan akuntansi choice (if specific conditions are met) to derecognise
(apabila kondisi tertentu terpenuhi) untuk financial liabilities settled using an electronic
menghentikan pengakuan liabilitas keuangan yang payment system before the settlement date. Further,
diselesaikan melalui sistem pembayaran elektronik additional guidance is added on how the contractual
sebelum tanggal penyelesaian. Selain itu, panduan cash flows for financial assets with environmental,
tambahan ditambahkan mengenai bagaimana arus social and corporate governance (ESG) and similar
kas kontraktual untuk aset keuangan dengan fitur features should be assessed. The amendments also
lingkungan, sosial, dan tata kelola perusahaan clarifiies what constitute ‘non-recourse features’ and
(ESG) serta fitur serupa harus dinilai. Amandemen what are the characteristics of contractually linked
tersebut juga mengklarifikasi apa saja yang instruments. The amendments also introduces of
merupakan fitur non-recourse dan karakteristik disclosures for financial instruments with contingent
instrumen yang terkait secara kontraktual. Selain features and additional disclosure requirements for
itu, amandemen tersebut memperkenalkan equity instruments classified at fair value through
persyaratan pengungkapan untuk instrumen other comprehensive income (OCI).
keuangan dengan fitur kontinjensi serta
persyaratan pengungkapan tambahan untuk
instrumen ekuitas yang diklasifikasikan pada nilai
wajar melalui penghasilan komprehensif lain (OCI).
173
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The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31. STANDAR AKUNTANSI YANG TELAH 31. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE (continued)
(lanjutan)
Mulai efektif pada atau setelah 1 Januari 2026 Effective beginning on or after January 1, 2026
(lanjutan) (continued)
Amendemen PSAK 109 and PSAK 107: Klasifikasi Amendments to PSAK 109 and PSAK 107:
dan Pengukuran Instrument Keuangan (lanjutan) Classification and Measurement of Financial
Instruments (continued)
Amandemen tersebut berlaku efektif untuk periode The Amendments are effective for annual periods
tahunan yang dimulai pada atau setelah 1 Januari starting on or after January 1, 2026 with early
2026, dengan penerapan dini diperkenankan hanya adoption permitted for classification of financial
untuk klasifikasi aset keuangan dan pengungkapan assets and related disclosures only. The Company
terkait. Perusahaan tidak memperkirakan bahwa does not anticipate that the amendments will have a
amandemen tersebut akan memberikan dampak material effect on the Company’s financial
material terhadap laporan keuangan Perusahaan. statements.
Amendemen PSAK 109 and PSAK 107: Kontra yang Amendments to PSAK 109 and PSAK 107:
Mengacu Pada Listrik Bergantung Alam Contracts Referencing Nature-dependent Electricity
Amandemen tersebut mengklarifikasi penerapan The amendments clarify the application of the ‘own-
persyaratan own-use untuk kontrak yang berada use’ requirements for in-scope contracts, amend the
dalam ruang lingkup, mengubah persyaratan designation requirements for a hedged item in a
penetapan (designation) atas item yang dilindungi cash flow hedging relationship for in-scope
dalam hubungan lindung nilai arus kas untuk contracts, and add new disclosure requirements to
kontrak-kontrak tersebut, serta menambahkan enable investors to understand the effect of these
persyaratan pengungkapan baru untuk contracts on a company’s financial performance and
memungkinkan investor memahami dampak cash flows.
kontrak tersebut terhadap kinerja keuangan dan
arus kas perusahaan.
Amandemen tersebut akan berlaku efektif untuk The amendments will take effect for annual reporting
periode pelaporan tahunan yang dimulai pada atau periods starting on or after January 1, 2026. Early
setelah 1 Januari 2026. Penerapan dini adoption is allowed, but it must be disclosed. The
diperbolehkan, namun harus diungkapkan. amendments concerning the own-use exception are
Amandemen terkait pengecualian own-use to be applied retrospectively, while the hedge
diterapkan secara retrospektif, sedangkan accounting amendments should be applied
amandemen akuntansi lindung nilai diterapkan prospectively to new hedging relationships
secara prospektif untuk hubungan lindung nilai baru designated from the initial application date.
yang ditetapkan sejak tanggal penerapan awal. Additionally, the PSAK 107 disclosure amendments
Selain itu, amandemen pengungkapan dalam PSAK must be implemented alongside the PSAK 109
107 harus diterapkan bersamaan dengan amendments. The Company does not anticipate that
amandemen PSAK 109. Perusahaan tidak the amendments will have a material effect on the
memperkirakan bahwa amandemen tersebut akan Company’s financial statements.
memberikan dampak material terhadap laporan
keuangan Perusahaan.
PSAK 338: Kombinasi Bisnis Entitas Sepengendali PSAK 338: Business Combination under Common
(Revisi 2025) Control (2025 Revision)
Pada Oktober 2025, DSAK IAI mengesahkan revisi On October 2025, DSAK IAI issued revisions to
atas PSAK 338: Kombinasi Bisnis Entitas PSAK 338: Business Combinations of Entities Under
Sepengendali. Revisi ini mencakup ruang lingkup Common Control. The revisions cover the scope and
dan penerapan dari metode penyatuan kepemilikan application of the pooling of interest method and
(pooling of interest) dan pelepasan di ekuitas disposal in equity as the accounting concepts used
(disposal in equity) sebagai konsep akuntansi yang in PSAK 338. The key changes include the exclusion
digunakan dalam PSAK 338. Perubahan utama of investment entities from the scope of PSAK 338,
mencakup pengecualian entitas investasi dari ruang as well as the addition of definitions for transferred
lingkup PSAK 338, serta tambahan definisi bisnis business, receiving entity, and transferring entity.
alihan, entitas penerima, dan entitas pengalih. The revision also includes references to the carrying
Revisi ini juga mencakup rujukan jumlah tercatat amount of the transferred business and the
bisnis alihan dan penyajian informasi prakombinasi presentation of pre-combination information when
bisnis ketika terjadi ketidakpraktisan dalam applying the pooling of interest method is
penerapan metode penyatuan kepemilikan. Revisi impracticable. The revision is effective on January 1,
ini berlaku efektif 1 Januari 2026 dengan opsi 2026 with early adoption permitted.
penerapan dini.
174
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The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31. STANDAR AKUNTANSI YANG TELAH 31. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE (continued)
(lanjutan)
Mulai efektif pada atau setelah 1 Januari 2026 Effective beginning on or after January 1, 2026
(lanjutan) (continued)
PSAK 338: Kombinasi Bisnis Entitas Sepengendali PSAK 338: Business Combination under Common
(Revisi 2025) (lanjutan) Control (2025 Revision) (continued)
Perusahaan tidak memperkirakan bahwa The Company does not anticipate that the
amandemen tersebut akan memberikan dampak amendments will have a material effect on the
material terhadap laporan keuangan Perusahaan. Company’s financial statements.
Mulai efektif pada atau setelah 1 Januari 2027 Effective beginning on or after January 1, 2027
PSAK 118: Penyajian dan Pengungkapan dalam PSAK 118: Presentation and Disclosure in Financial
Laporan Keuangan Statements
PSAK 118 akan menggantikan PSAK 201. Standar PSAK 118 will replace PSAK 201. The new standard
baru ini memperkenalkan persyaratan baru terkait introduces new requirements for presentation within
penyajian dalam laporan laba rugi, termasuk total the statement of profit or loss, including specified
dan subtotal tertentu. Selain itu, entitas diwajibkan totals and subtotals. Furthermore, entities are
untuk mengklasifikasikan seluruh pendapatan dan required to classify all income and expenses within
beban dalam laporan laba rugi ke dalam salah satu the statement of profit or loss into one of five
dari lima kategori: operasi, investasi, pendanaan, categories: operating, investing, financing, income
pajak penghasilan, dan operasi yang dihentikan. taxes and discontinued operations.
Standar ini juga mensyaratkan pengungkapan The standard requires disclosure of newly defined
ukuran kinerja yang didefinisikan manajemen, management-defined performance measures,
subtotal pendapatan dan beban, serta mencakup subtotals of income and expenses, and it also
persyaratan baru terkait agregasi dan disagregasi includes new requirements for aggregation and
informasi keuangan. disaggregation of financial information.
PSAK 118 berlaku efektif untuk periode pelaporan PSAK 118 are effective for reporting periods
yang dimulai pada atau setelah 1 Januari 2027, beginning on or after January 1, 2027, but earlier
dengan penerapan dini diperkenankan dan harus application is permitted and must be disclosed.
diungkapkan. PSAK 118 akan diterapkan secara PSAK 118 will apply retrospectively.
retrospektif.
Perusahaan saat ini sedang mengidentifikasi The Company is currently working to identify all
seluruh dampak yang akan timbul atas laporan impacts the amendments will have on the primary
keuangan utama dan catatan atas laporan financial statements and notes to the financial
keuangan terkait implementasi amandemen statements.
tersebut.
175
Page 503
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31. STANDAR AKUNTANSI YANG TELAH 31. ACCOUNTING STANDARDS ISSUED BUT NOT
DISAHKAN NAMUN BELUM BERLAKU EFEKTIF YET EFFECTIVE (continued)
(lanjutan)
Mulai efektif pada atau setelah 1 Januari 2027 Effective beginning on or after January 1, 2027
(lanjutan) (continued)
PSAK 119: Entitas Anak Tanpa Akuntabilitas Publik PSAK 119: Subsidiaries without Public
- Pengungkapan Accountability - Disclosures
Standar baru tersebut memungkinkan entitas yang The new standard allows eligible entities to elect to
memenuhi syarat untuk memilih menerapkan apply its reduced disclosure requirements and still
pengungkapan yang lebih singkat dan tetap applying the recognition, measurement and
menerapkan persyaratan pengakuan, pengukuran, presentation requirements in other accounting
dan penyajian dalam standar akuntansi lainnya. standards. To be eligible, at the end of the reporting
Untuk memenuhi syarat, pada akhir periode period, an entity must be a subsidiary as defined in
pelaporan, entitas harus merupakan entitas anak PSAK 110, cannot have public accountability and
sebagaimana didefinisikan dalam PSAK 110, tidak must have a parent (ultimate or intermediate) that
memiliki akuntabilitas publik, dan memiliki entitas prepares financial statements, available for public
induk (baik entitas induk akhir atau entitas induk use, which comply with SAK Indonesia, SAK
perantara) yang menyusun laporan keuangan yang Internasional or IFRS accounting standards.
tersedia untuk penggunaan publik dan sesuai
dengan standar akuntansi keuangan SAK
Indonesia, SAK Internasional atau IFRS accounting
standards.
PSAK 119 akan berlaku efektif untuk periode PSAK 119 will become effective for reporting
pelaporan yang dimulai pada atau setelah 1 Januari periods beginning on or after January 1, 2027, with
2027, dengan penerapan dini diperkenankan. early application permitted. The Company
Perusahaan memperkirakan bahwa standar baru anticipates that the new standard will have no
tersebut tidak akan memberikan dampak material material effect on the Company’s financial
terhadap laporan keuangan Perusahaan. statements.
32. PENGUNGKAPAN INFORMASI TAMBAHAN 32. ADDITIONAL DISCLOSURE ON NOTES TO THE
DALAM CATATAN ATAS LAPORAN FINANCIAL STATEMENTS
KEUANGAN
Informasi tambahan berikut merupakan The following additional information is an additional
pengungkapan informasi tambahan dalam catatan disclosure on notes to the financial statement that
atas laporan keuangan Perusahaan yang tidak are not required by Financial Accounting Standards
dipersyaratkan oleh Standar Akuntansi Keuangan in Indonesia. The disclosure of this additional
di Indonesia. Pengungkapan informasi tambahan information is to comply with Financial Services
ini untuk memenuhi regulasi dari Otoritas Jasa Authority regulation.
Keuangan.
Berdasarkan Peraturan Otoritas Jasa Keuangan Based on Financial Regulation Authority Services
Nomor 5 Tahun 2023 tentang Perubahan Kedua Regulation Number 5 of 2023 regarding the Second
Atas Peraturan Otoritas Jasa Keuangan No. Amendment to Regulation of Financial Authority
71/POJK.05/2016 untuk unit konvensional dan Services No. 71/POJK.05/2016 for conventional unit
Nomor 6 Tahun 2023 tentang Perubahan Kedua and Number 6 of 2023 regarding the Second
Atas Peraturan Otoritas Jasa Keuangan No. Amendment to Regulation of Financial Authority
72/POJK.05/2016 untuk unit syariah, Perusahaan Services No. 72/POJK.05/2016 for sharia unit, the
diwajibkan untuk memenuhi rasio solvabilitas Company is required to have minimum solvency
paling sedikit 120% dari risiko kerugian yang ratio of 120% of the risk of losses which may arise
mungkin timbul sebagai akibat dari deviasi dalam from deviation in management of assets and
pengelolaan kekayaan dan kewajiban. Tingkat liabilities. Total solvency as defined in the decree is
solvabilitas dihitung dengan mengurangkan total computed by subtracting total liabilities from
liabilitas dari jumlah aset yang diperkenankan. admitted assets.
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, Company has
Perusahaan telah memenuhi rasio solvabilitas met the minimum solvabilities ratio.
minimum.
176
Page 504
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
33. DAMPAK ADOPSI PSAK 117 33. EFFECT FROM PSAK 117 ADOPTION
Perusahaan mempersiapkan laporan posisi The company prepared opening balance sheet as
keuangan awal pada tanggal 1 Januari 2024, di at 1 January 2024, the date of transition to PSAK
tanggal transisi ke PSAK 117, yang merupakan 117, which serves as the starting point for its
titik awal dari penerapan pelaporan keuangan financial reporting in accordance with PSAK 117.
sesuai dengan PSAK 117 di Perusahaan. Any difference between the carrying value and the
Perbedaan yang timbul dari nilai buku dan nilai remeasured assets, liabilities and equities in
aset, liabilitas dan ekuitas yang disajikan kembali accordance with PSAK 117 were recorded in
sesuai dengan PSAK 117 kemudian dicatat opening retained earnings and accumulated other
sebagai dampak saldo laba awal dan akumulasi comprehensive income as of 1 January 2024.
penghasilan komprehensif pada 1 Januari 2024
Dampak dari aplikasi PSAK 117 pada 1 Januari Effect from applying PSAK 117 per 1 January 2024
2024 adalah sebagai berikut: are as follows:
Pada 31 Des 2023/
1 Jan 2024 Pada 1 Jan 2024
(sebagaimana (sebagaimana
dilaporkan dinyatakan
berdasarkan kembali
PSAK 104)/ berdasarkan
At Dec 31, 2023/ Perubahan Perubahan PSAK 117/
Jan 1, 2024 penyajian/ pengukuran/ At Jan 1, 2024
(as reported under Presentation Measurement (as restated under
PSAK 104) changes changes PSAK 117)
ASET ASSETS
Kas dan bank 780.815 - - 780.815 Cash and banks
Aset kontrak asuransi - - - - Insurance contract assets
Aset kontrak reasuransi - 8.518 - 8.518 Reinsurance contract assets
Aset reasuransi 59.745 (59.745) - - Reinsurance assets
Piutang premi 48.592 (48.592) - - Premium receivables
Piutang kontribusi - syariah - 1.707 - 1.707 Contribution receivables - sharia
Piutang investasi 157.775 - - 157.775 Investment receivables
Piutang lain-lain 22.416 - - 22.416 Other receivables
Beban dibayar dimuka 141.677 - - 141.677 Prepaid expenses
Investasi 13.202.709 - - 13.202.709 Investments
Pinjaman polis 2.452 (2.452) - - Policy loans
Aset tetap - neto 155.457 - - 155.457 Fixed assets - net
Aset hak guna - neto 16.360 - - 16.360 Right-of-use assets - net
Aset lain-lain 365.958 (61.489) - 304.469 Other assets
TOTAL ASET 14.953.956 (162.053) - 14.791.903 TOTAL ASSETS
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Liabilitas kontrak asuransi - 3.773.217 1.803.289 5.576.506 Insurance contract liabilities
Utang reasuransi 51.227 (51.227) - - Due to reinsurers
Utang komisi 76.227 (76.227) - - Commission payable
Utang komisi – Syariah - 6.647 - 6.647 Commission payable - Sharia
Liabilitas kepada pemegang polis: Liabilities to policy holders:
Liabilitas manfaat polis masa depan 2.300.729 - (2.300.729) - Liability for future policy benefits
Premi belum merupakan pendapatan 180.102 - (180.102) - Unearned premiums
Liabilitas untuk unit link 3.559.673 (3.559.673) - - Liability for unit link
Estimasi liabilias klaim 264.937 (264.937) - - Estimated claims liability
Utang klaim 53.140 (53.140) - - Claims payable
Liabilitas kepada pemegang polis-syariah: Liabilities to policy holders-sharia:
Liabilitas manfaat polis masa depan - 167.611 - 167.611 Liability for future policy benefits
Premi belum merupakan pendapatan - 4.164 - 4.164 Unearned premiums
Liabilitas untuk unit link - - - - Liability for unit link
Estimasi liabilias klaim - 18.130 - 18.130 Estimated claims liability
Utang klaim - 2.030 - 2.030 Claims payable
Beban akural 93.919 - - 93.919 Accrued expenses
Liabilitas imbalan kerja karyawan 18.301 - - 18.301 Employee benefits liability
Liabilitas sewa 14.696 - - 14.696 Lease liabilities
Utang pajak 8.678 - - 8.678 Taxes payable
Liabilitas pajak tangguhan 36.765 - - 36.765 Deferred tax liabilities
Utang lain-lain 299.805 (128.648) - 171.157 Other liabilities
Simpanan pemegang polis 205.749 - - 205.749 Policyholder’s deposits
Ujrah diterima di muka 57.642 - - 57.642 Unearned Ujrah
TOTAL LIABILITAS 7.221.590 (162.053) (677.542) 6.381.995 TOTAL LIABILITIES
DANA PESERTA 240.831 - - 240.831 PARTICIPANT’S FUND
EKUITAS EQUITY
Modal dasar. ditempatkan dan Authorized. issued and fully paid
disetor penuh - 2.100.000.000 -2,100,000,000 (full amount)
(nilai penuh) saham 210.000 - - 210.000 shares
Tambahan modal disetor 6.842.500 - - 6.842.500 Additional paid-in capital
Keuntungan yang belum Unrealized gain on changes
direalisasi atas perubahan in fair value of debt securities
nilai wajar efek utang yang at fair value through other
diukur pada nilai wajar melalui other comprehensive
penghasilan komprehensif lain - neto 191.502 - - 191.502 income - net
177
Page 505
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
33. DAMPAK ADOPSI PSAK 117 (LANJUTAN) 33. EFFECT FROM PSAK 117 ADOPTION
(CONTINUED)
Dampak dari aplikasi PSAK 117 pada 1 Januari 2024 Effect from applying PSAK 117 per 1 January 2024
adalah sebagai berikut: (lanjutan) are as follows: (continued)
Pada 31 Des 2023/
1 Jan 2024 Pada 1 Jan 2024
(sebagaimana (sebagaimana
dilaporkan dinyatakan
berdasarkan kembali
PSAK 104)/ berdasarkan
At Dec 31, 2023/ Perubahan Perubahan PSAK 117/
Jan 1, 2024 penyajian/ pengukuran/ At Jan 1, 2024
(as reported under Presentation Measurement (as restated under
PSAK 104) changes changes PSAK 117)
EKUITAS EQUITY
Penyisihan kerugian penurunan Allowance for impairment losses
nilai atas efek yang diukur on securities measured
pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain 2.280 - - 2.280 comprehensive income
Surplus revaluasi tanah dan Revaluation surplus on land
bangunan - neto 107.257 - - 107.257 and buildings- net
Saldo laba 137.996 - 807.377 945.373 Retained earnings
Cadangan keuangan Insurance finance
asuransi - - (129.835) (129.835) reserve
TOTAL EKUITAS 7.491.535 - 677.542 8.169.077 TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS 14.953.956 (162.053) - 14.791.903 TOTAL LIABILITIES AND EQUITY
34. PENYAJIAN KEMBALI LAPORAN KEUANGAN 34. FINANCIAL STATEMENTS RESTATEMENT
Seperti yang dijelaskan di Catatan 33, Perusahaan As disclosed in Note 33, the Company has adopted
telah mengadopsi PSAK 117: Kontrak Asuransi PSAK 117: Insurance Contracts from January 1,
mulai 1 Januari 2025. 2025.
Pengaruh penyajian kembali pada laporan keuangan The impact of restatement in the financial
pada tanggal-tanggal 1 Januari 2024/31 Desember statements as of January 1, 2024/December 31,
2023 dan 31 Desember 2024 dan untuk tahun yang 2023 and December 31, 2024 and for the year
berakhir pada tanggal 31 Desember 2024 untuk ended December 31, 2024 for PSAK 117
penerapan PSAK 117 adalah sebagai berikut: implementation are as follows:
1 Januari 2024/31 Desember 2023
January 1, 2024/December 31, 2023
Sebelum penyajian Setelah penyajian
kembali/ Penyesuaian Kembali/
before kembali/ after
restatement restatement restatement
ASET ASSETS
Kas dan bank 780.815 - 780.815 Cash and banks
Aset kontrak asuransi - - - Insurance contract assets
Aset kontrak reasuransi - 8.518 8.518 Reinsurance contract assets
Aset reasuransi 59.745 (59.745) - Reinsurance assets
Piutang premi 48.592 (48.592) - Premium receivables
Piutang kontribusi - syariah - 1.707 1.707 Contribution receivables - sharia
Piutang investasi 157.775 - 157.775 Investment receivables
Piutang lain-lain 22.416 - 22.416 Other receivables
Beban dibayar dimuka 141.677 - 141.677 Prepaid expenses
Investasi 13.202.709 - 13.202.709 Investments
Pinjaman polis 2.452 (2.452) - Policy loans
Aset tetap - neto 155.457 - 155.457 Fixed assets - net
Aset hak guna - neto 16.360 - 16.360 Right-of-use assets - net
Aset lain-lain 365.958 (61.489) 304.469 Other assets
TOTAL ASET 14.953.956 (162.053) 14.791.903 TOTAL ASSETS
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Liabilitas kontrak asuransi - 5.576.506 5.576.506 Insurance contract liabilities
Utang reasuransi 51.227 (51.227) - Due to reinsurers
Utang komisi 76.227 (76.227) - Commission payable
Utang komisi – Syariah - 6.647 6.647 Commission payable - Sharia
Liabilitas kepada pemegang polis: Liabilities to policy holders:
Liabilitas manfaat polis masa depan 2.300.729 (2.300.729) - Liability for future policy benefits
Premi belum merupakan pendapatan 180.102 (180.102) - Unearned premiums
Liabilitas untuk unit link 3.559.673 (3.559.673) - Liability for unit link
Estimasi liabilias klaim 264.937 (264.937) - Estimated claims liability
Utang klaim 53.140 (53.140) - Claims payable
Liabilitas kepada pemegang polis-syariah: Liabilities to policy holders-sharia:
Liabilitas manfaat polis masa depan - 167.611 167.611 Liability for future policy benefits
178
Page 506
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. PENYAJIAN KEMBALI LAPORAN KEUANGAN 34. FINANCIAL STATEMENTS RESTATEMENT
(lanjutan) (continued)
1 Januari 2024/31 Desember 2023
January 1, 2024/December 31, 2023
Sebelum penyajian Setelah penyajian
kembali/ Penyesuaian Kembali/
before kembali/ after
restatement restatement restatement
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Premi belum merupakan pendapatan - 4.164 4.164 Unearned premiums
Liabilitas untuk unit link - - - Liability for unit link
Estimasi liabilias klaim - 18.130 18.130 Estimated claims liability
Utang klaim - 2.030 2.030 Claims payable
Beban akural 93.919 - 93.919 Accrued expenses
Liabilitas imbalan kerja karyawan 18.301 - 18.301 Employee benefits liability
Liabilitas sewa 14.696 - 14.696 Lease liabilities
Utang pajak 8.678 - 8.678 Taxes payable
Liabilitas pajak tangguhan 36.765 - 36.765 Deferred tax liabilities
Utang lain-lain 299.805 (128.648) 171.157 Other liabilities
Simpanan pemegang polis 205.749 - 205.749 Policyholder’s deposits
Ujrah diterima di muka 57.642 - 57.642 Unearned Ujrah
TOTAL LIABILITAS 7.221.590 (839.595) 6.381.995 TOTAL LIABILITIES
DANA PESERTA 240.831 - 240.831 PARTICIPANT’S FUND
EKUITAS EQUITY
Modal dasar, ditempatkan dan Authorized, issued and fully paid
disetor penuh - 2.100.000.000 -2,100,000,000 (full amount)
(nilai penuh) saham 210.000 - 210.000 shares
Tambahan modal disetor 6.842.500 - 6.842.500 Additional paid-in capital
Keuntungan yang belum Unrealized gain on changes
direalisasi atas perubahan in fair value of debt securities
nilai wajar efek utang yang at fair value through other
diukur pada nilai wajar melalui other comprehensive
penghasilan komprehensif lain - neto 191.502 - 191.502 income - net
Penyisihan kerugian penurunan Allowance for impairment losses
nilai atas efek yang diukur on securities measured
pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain 2.280 - 2.280 comprehensive income
Surplus revaluasi tanah dan Revaluation surplus on land
bangunan - neto 107.257 - 107.257 and buildings- net
Saldo laba 137.996 807.377 945.373 Retained earnings
Cadangan keuangan Insurance finance
asuransi - (129.835) (129.835) reserve
TOTAL EKUITAS 7.491.535 677.542 8.169.077 TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS 14.953.956 (162.053) 14.791.903 TOTAL LIABILITIES AND EQUITY
179
Page 507
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. PENYAJIAN KEMBALI LAPORAN KEUANGAN 34. FINANCIAL STATEMENTS RESTATEMENT
(lanjutan) (continued)
Pengaruh penyajian kembali pada laporan keuangan The impact of restatement in the financial statements
pada tanggal-tanggal 1 Januari 2024/31 Desember as of January 1, 2024/December 31, 2023 and
2023 dan 31 Desember 2024 dan untuk tahun yang December 31, 2024 and for the year ended December
berakhir pada tanggal 31 Desember 2024 untuk 31, 2024 for PSAK 117 implementation are as follows:
penerapan PSAK 117 adalah sebagai berikut: (continued)
(lanjutan)
31 Desember 2024/31 December 2024
Sebelum penyajian Setelah penyajian
kembali/ Penyesuaian Kembali/
before kembali/ after
restatement restatement restatement
ASET ASSET
Kas dan bank 668.876 - 668.876 Cash and banks
Aset kontrak asuransi - - - Insurance contract assets
Aset kontrak reasuransi - - - Reinsurance contract assets
Aset reasuransi 68.721 (68.721) - Reinsurance assets
Piutang premi 68.495 (68.495) - Premium receivables
Piutang kontribusi - syariah - 1.136 1.136 Contribution receivables - sharia
Piutang investasi 167.949 - 167.949 Investment receivables
Piutang lain-lain 32.870 (14.003) 18.867 Other receivables
Beban dibayar dimuka 136.191 - 136.191 Prepaid expenses
Investasi 12.918.870 - 12.918.870 Investments
Pinjaman polis 2.607 (2.607) - Policy loans
Aset tetap - neto 168.809 - 168.809 Fixed assets - net
Aset hak guna - neto 7.904 - 7.904 Right-of-use assets - net
Aset lain-lain 350.134 (66.279) 283.855 Other assets
JUMLAH ASET 14.591.426 (218.969) 14.372.457 TOTAL ASSETS
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Liabilitas kontrak asuransi - 4.961.616 4.961.616 Insurance contract liabilities
Liabilitas kontrak reasuransi - 3.788 3.788 Reinsurance contract liabilities
Utang reasuransi 72.509 (72.509) - Due to reinsurers
Utang komisi 99.522 (99.522) - Commission payable
Utang komisi – Syariah - 2.776 2.776 Commission payable - Sharia
Liabilitas kepada pemegang polis: Liabilities to policy holders:
Liabilitas manfaat polis masa depan 1.918.519 (1.918.519) - Liability for future policy benefits
Premi belum merupakan pendapatan 275.435 (275.435) - Unearned premiums
Liabilitas untuk unit link 3.283.190 (3.283.190) - Liability for unit link
Estimasi liabilias klaim 302.319 (302.319) - Estimated claims liability
Utang klaim 43.924 (43.924) - Claims payable
Liabilitas kepada pemegang polis-syariah: Liabilities to policy holders-sharia:
Liabilitas manfaat polis masa depan - 150.546 150.546 Liability for future policy benefits
Premi belum merupakan pendapatan - 4.096 4.096 Unearned premiums
Liabilitas untuk unit link - - - Liability for unit link
Estimasi liabilias klaim - 19.284 19.284 Estimated claims liability
Utang klaim - 1.263 1.263 Claims payable
Beban akrual 112.720 - 112.720 Accrued expenses
Liabilitas imbalan kerja karyawan 26.110 - 26.110 Employee benefits liability
Liabilitas sewa 6.876 - 6.876 Lease liabilities
Utang pajak 4.659 - 4.659 Taxes payable
Liabilitas pajak tangguhan 28.907 - 28.907 Deferred tax liabilities
Utang lain-lain 240.097 (127.722) 112.375 Other liabilities
Simpanan pemegang polis 281.463 - 281.463 Policyholder’s deposits
Ujrah diterima di muka 55.419 - 55.419 Unearned Ujrah
JUMLAH LIABILITAS 6.751.669 (979.773) 5.771.898 TOTAL LIABILITIES
DANA PESERTA 184.595 - 184.595 PARTICIPANT’S FUND
EKUITAS EQUITY
Modal dasar, ditempatkan dan Authorized, issued and fully paid
disetor penuh - 2.100.000.000 -2,100,000,000 (full amount)
(nilai penuh) saham 210.000 - 210.000 shares
Tambahan modal disetor 6.842.500 - 6.842.500 Additional paid-in capital
Keuntungan yang belum Unrealized gain on changes
direalisasi atas perubahan in fair value of debt securities
nilai wajar efek utang yang at fair value through other
diukur pada nilai wajar melalui other comprehensive
penghasilan komprehensif lain - neto 62.407 - 62.407 income - net
Penyisihan kerugian penurunan Allowance for impairment losses
nilai atas efek yang diukur on securities measured
pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain 2,867 - 2.867 comprehensive income
Surplus revaluasi tanah dan Revaluation surplus on land
bangunan - neto 118.229 - 118.229 and buildings- net
Saldo laba 419.159 827.609 1.246.768 Retained earnings
Cadangan keuangan Insurance finance
asuransi - (66.807) (66.807) reserve
JUMLAH EKUITAS 7.655.162 760.802 8.415.964 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 14.591.426 (218.969) 14.372.457 TOTAL LIABILITIES AND EQUITY
180
Page 508
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. PENYAJIAN KEMBALI LAPORAN KEUANGAN 34. FINANCIAL STATEMENTS RESTATEMENT
(lanjutan) (continued)
Pengaruh penyajian kembali pada laporan keuangan The impact of restatement in the financial statements
pada tanggal-tanggal 1 Januari 2024/31 Desember as of January 1, 2024/December 31, 2023 and
2023 dan 31 Desember 2024 dan untuk tahun yang December 31, 2024 and for the year ended
berakhir pada tanggal 31 Desember 2024 untuk December 31, 2024 for PSAK 117 implementation are
penerapan PSAK 117 adalah sebagai berikut: as follows: (continued)
(lanjutan)
31 Desember 2024/31 December 2024
Sebelum penyajian Setelah penyajian
kembali/ Penyesuaian Kembali/
before kembali/ after
restatement restatement restatement
Hasil jasa asuransi Insurance service result
Pendapatan premi: Premium income:
Premi bruto 3.255.100 (3.255.100) - Gross premiums
Premi reasuransi (49.295) 49.295 - Reinsurance premiums
Kenaikan premi belum
merupakan pendapatan (95.402) 95.402 - Increase in unearned premiums
Kenaikan aset reasuransi Increase in
- premi belum merupakan reinsurance assets -
pendapatan 360 (360) - unearned premium
Pendapatan asuransi - 1.554.247 1.554.247 Insurance revenue
Beban jasa asuransi - (1.504.265) (1.504.265) Insurance service expense
Pendapatan (beban) bersih Net income (expense)
dari kontrak reasuransi from reinsurance
yang dimiliki - (25.285) (25.285) contract held
Total hasil jasa asuransi 3.110.763 (3.086.066) 24.697 Total insurance service result
Income from operational
Pendapatan pengelolaan operasi management on
asuransi syariah (ujrah) 41.001 1 41.002 sharia insurance (ujrah)
Pendapatan investasi - neto 569.018 (1) 569.017 Investment income - net
Pembalikan (penyisihan) Reversal (provision)
kerugian penurunan nilai (5.177) - (5.177) for impairment losses
Total pendapatan investasi 604.842 - 604.842 Total investment income
Beban Expenses
Klaim dan manfaat: Claims and benefits:
Klaim dan manfaat (2.688.403) 2.688.403 - Claims and benefits
Klaim reasuransi 44.146 (44.146) - Reinsurance claim recoveries
Penurunan liabilitas manfaat Decrease in liability
polis masa depan dan for future policy benefits and
estimasi liabilitas klaim: estimated claims liability:
- Unit link 276.861 (276.861) - - Unit link
- Polis lain 328.917 (328.917) - - Other policies
Penurunan (kenaikan) aset Decrease (increase) in
reasuransi - liabilitas reinsurance assets - liability
manfaat polis masa depan (20.496) 20.496 - for future policy benefits
Beban keuangan dari Finance expenses from
kontrak asuransi - (75.467) (75.467) insurance contracts
Beban akuisisi (773.042) 773.042 - Acquisition expenses
Beban pemasaran (87.864) 87.864 - Marketing expenses
Beban umum dan administrasi (485.383) 304.655 (180.728) General and administrative expenses
Beban lain-lain (57.866) (42.711) (100.637) Other expenses
Total beban (3.463.130) 3.106.298 (356.832) Total expenses
Pendapatan lain-lain 169.730 - 169.730 Other income
Laba sebelum beban pajak Income before final tax
final dan beban expense and income tax
pajak penghasilan 422.205 20.232 442.437 expense
Pajak final (73.301) - (73.301) Final tax
LABA SEBELUM BEBAN INCOME BEFORE
PAJAK PENGHASILAN 348.904 20.232 369.136 INCOME TAX EXPENSE
Manfaat (beban) pajak penghasilan 2.553 - 2.553 Income tax benefit (expense)
LABA TAHUN BERJALAN 351.457 20.232 371.689 INCOME FOR THE YEAR
181
Page 509
The original supplementary information included herein are in
the Indonesian language.
PT MSIG LIFE INSURANCE INDONESIA TBK PT MSIG LIFE INSURANCE INDONESIA TBK
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025
Tahun yang Berakhir pada Tanggal Tersebut and For the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. PENYAJIAN KEMBALI LAPORAN KEUANGAN 34. FINANCIAL STATEMENTS RESTATEMENT
(lanjutan) (continued)
Pengaruh penyajian kembali pada laporan keuangan The impact of restatement in the financial
pada tanggal-tanggal 1 Januari 2024/31 Desember statements as of January 1, 2024/December 31,
2023 dan 31 Desember 2024 dan untuk tahun yang 2023 and December 31, 2024 and for the year
berakhir pada tanggal 31 Desember 2024 untuk ended December 31, 2024 for PSAK 117
penerapan PSAK 117 adalah sebagai berikut: implementation are as follows: (continued)
(lanjutan)
31 Desember 2024/31 December 2024
Sebelum penyajian Setelah penyajian
kembali/ Penyesuaian Kembali/
before kembali/ after
restatement restatement restatement
Penghasilan komprehensif lain: Other comprehensive income:
Pos yang akan direklasifikasi Item that will be reclassified
ke laba rugi to profit or loss
(Kerugian) keuntungan yang Unrealized (loss) gain on
belum direalisasi atas changes in fair value of
perubahan nilai wajar efek securities at fair value
yang diukur pada nilai wajar through other
melalui penghasilan comprehensive
komprehensif lain (137.138) - (137.138) income
Pajak penghasilan terkait 8.043 - 8.043 Related income tax
Penyisihan kerugian Allowance for
penurunan nilai atas efek impairment losses
yang diukur pada nilai wajar on securities measured at
melalui penghasilan fair value through other
komprehensif lain 587 - 587 comprehensive income
Pendapatan (beban) keuangan dari Finance income (expenses) from
kontrak asuransi yang diterbitkan - 63.028 63.028 insurance contract issued
Pos yang tidak akan direklasifikasi Item that will not be
ke laba rugi reclassified to profit or loss
Surplus revaluasi Revaluation surplus
tanah dan bangunan 13.806 - 13.806 on land and buildings
Pajak penghasilan terkait (2.834) - (2.834) Related income tax
Pengukuran kembali liabilitas Remeasurement of
imbalan kerja karyawan 4.375 - 4.375 employee benefits liability
Penghasilan (rugi) Other comprehensive
komprehensif lain, (loss) income,
setelah pajak (113.161) 63.028 (50.133) net of tax
TOTAL PENGHASILAN TOTAL COMPREHENSIVE
KOMPREHENSIF INCOME
TAHUN BERJALAN 68.566 83.260 321.556 FOR THE YEAR
35. PENYELESAIAN LAPORAN KEUANGAN 35. COMPLETION OF THE FINANCIAL
STATEMENTS
Manajemen Perusahaan bertanggung jawab atas The Company’s management is responsible for the
penyusunan laporan keuangan ini yang telah preparation of these financial statements that were
diselesaikan dan diotorisasi untuk diterbitkan oleh completed and authorized for issue by the
Direksi Perusahaan pada tanggal 30 Maret 2026. Company’s Directors on March 30, 2026.
182
Page 510
PT MSIG Life Insurance Indonesia Tbk
Kantor Manajemen dan Layanan Nasabah
The Management and Customer Service Office
Sinarmas Land Plaza Sudirman, Lt. 6
Jl. Jend. Sudirman Kav. 21, Setiabudi
Jakarta Selatan 12920
https://www.msiglife.co.id/
CUSTOMER CARE
(021) 5060 9999
(021) 2650 8300
088 1234 1088
cs@msiglife.co.id
2025
Laporan Tahunan dan Laporan Keberlanjutan
Annual Report and Sustainability Report
PT MSIG Life Insurance Indonesia Tbk berizin dan diawasi oleh Otoritas Jasa Keuangan
MSIG Life @msiglife MSIG Life MSIG Life
Names mentioned 262 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Life Insurance Indonesia Tbk
p.2 ×162
unresolved
org
Financial Services Authority
p.2 ×32
unresolved
org
PT MSIG Life
p.3 ×7
unresolved
org
Insurance Indonesia Tbk
p.3 ×5
unresolved
org
PT MSIG Life Insurance’s
p.3
unresolved
org
Asuransi Jiwa Sinarmas MSIG Tbk
p.5 ×28
unresolved
org
PT Ekualindo Artha Sinergi
p.15
unresolved
person
H. Thamrin
p.18 ×3
unresolved
org
Bank Enhancement
p.18
unresolved
org
Kementerian Kehutanan Republik Indonesia
p.20
unresolved
org
Ministry of Forestry
p.20
unresolved
org
Venture Companies
p.22
unresolved
—
Chronology of Share Listing
p.22
unresolved
org
Chronology of Other Securities Listing
p.22
unresolved
—
Kantor Akuntan Publik
p.22
unresolved
—
Information on the Use of Public Accountant
p.22 ×2
unresolved
org
Capital Market Supporting Institutions and Professions
p.22
unresolved
—
Economic Overview
p.22
unresolved
org
Indonesia Stock Exchange
p.29 ×5
unresolved
person
Supporting Committees
· Komisaris
p.37
unresolved
—
Mitroatmodjo
· Independent Commissioner
p.38
unresolved
—
Sjahnan
· Independent Commissioner
p.38
unresolved
org
Ministry of Finance Financial Media
p.40
unresolved
org
Pusat Statistik RI
p.42 ×2
unresolved
org
Kementerian Keuangan RI
p.42
unresolved
org
Ministry of Finance
p.42
unresolved
org
Kementerian Investasi dan Hilirisasi RI
p.42
unresolved
org
Ministry of Investment and Downstreaming
p.42
unresolved
org
Kementerian Perekonomian RI
p.46
unresolved
org
Ministry of Economic Affairs
p.46
unresolved
—
Apresiasi
· Appreciation
p.47
unresolved
—
menyampaikan apresiasi kepada seluruh karyawan
· The Board of Directors would like to extend its appreciation to
p.47
unresolved
—
atas dedikasi dan kontribusi yang berkelanjutan, serta
· all employees for their continued dedication and contributions,
p.47
unresolved
—
atas arahan dan nasihat yang konstruktif.
· as well as to the Board of Commissioners for their constructive
p.47
unresolved
—
Apresiasi juga disampaikan kepada para
· guidance and advice. Appreciation is also conveyed to the
p.47
unresolved
—
menjadi landasan penting dalam menjaga kesinambungan
· serves as an important foundation in sustaining business
p.47
unresolved
—
terus diperkuat, Perseroan tumbuh secara tangguh di
· and governance foundations, the Company has demonstrated
p.47
unresolved
—
tengah ketidakpastian, sekaligus melangkah strategis melalui
· resilience amid uncertainty, while strategically advancing
p.47
unresolved
—
jangka panjang yang sehat dan berimbang.
· balanced, and long-term growth.
p.47
unresolved
person
Deputy
· President Director
p.49 ×3
unresolved
org
PT Asuransi Jiwa Purnamala Internasional Indonesia Public
p.52
unresolved
org
PT Asuransi Jiwa Purnamala Internasional Indonesia
p.52 ×4
unresolved
person
Akta Notaris Benny Kristianto
p.52
unresolved
org
Menteri Kehakiman Republik Indonesia Bidang
p.52
unresolved
org
Menteri Hukum dan Hak Asasi Manusia Republik Indonesia
p.52 ×2
unresolved
org
PT Asuransi Jiwa Purnamala
p.52
unresolved
person
Notary Benny Kristianto
p.52
unresolved
org
Minister of Justice
p.52 ×2
unresolved
org
Minister
p.52
unresolved
org
PT Asuransi Jiwa Eka Life
p.53 ×6
unresolved
person
Akta Notaris James Herman Rahardjo
p.53
unresolved
person
Notary James Herman Rahardjo
p.53
unresolved
org
PT Asuransi Jiwa Sinarmas
p.53 ×8
unresolved
person
Akta Notaris Vera
p.53
unresolved
person
Notary Vera
p.53
unresolved
org
Menteri
p.53 ×2
unresolved
org
Minister of Law and Human Rights
p.53
unresolved
org
PT Asuransi Jiwa Sinarmas MSIG MSIG
p.53
unresolved
person
Akta Notaris Linda Herawati
p.53 ×2
unresolved
person
Notary Linda Herawati
p.53
unresolved
org
Minister of Law and Human Hukum dan Hak Asasi Manusia Republik Indonesia
p.53
unresolved
person
Akta Notaris Aulia Taufani
p.53 ×2
unresolved
person
Notary Aulia Taufani
p.53 ×2
unresolved
org
PT MSIG Life Insurance
p.53 ×4
unresolved
person
Akta Notaris Ariyanti Artisari
p.53
unresolved
org
Indonesia Tbk
p.53 ×5
unresolved
person
Notary Ariyanti Artisari
p.53
unresolved
org
Social Media Mitsui Sumitomo Insurance Co., Ltd.
p.53
unresolved
org
Sumitomo Insurance Co., Ltd.
p.56 ×7
unresolved
org
Mitsui Sumitomo Insurance Co., Ltd.
p.56 ×29
unresolved
org
PT Asuransi Jiwa Eka
p.58
unresolved
org
PT Asuransi Jiwa
p.58 ×4
unresolved
org
PT MSIG
p.59 ×3
unresolved
org
PT MSIG Syariah Life Insurance Indonesia
p.59 ×7
unresolved
person
Dr. Cipto Mangunkusumo
p.70
unresolved
org
PT Kerja Gue Asik
p.70
unresolved
org
PT Optimis Tambah Jaya
p.70
unresolved
org
AKM Skystar Corporation
p.70
unresolved
person
H. Adam Malik
p.70
unresolved
person
Ahmadi Sukarno
· Member
p.72
unresolved
person
Tju Cunardi
· Chairman
p.72
unresolved
org
PT Sinar
p.74
unresolved
org
Mas Multiartha Tbk
· Komisaris Utama
p.74
unresolved
org
PT Asuransi Sinar Mas
p.74 ×5
unresolved
org
PT Asuransi Sinar
p.74
unresolved
org
PT Sinar Mas Sekuritas
p.74 ×2
unresolved
org
PT KB Insurance
p.74 ×2
unresolved
org
Bank Internasional Indonesia Tbk
p.74 ×8
unresolved
org
PT Asuransi Jiwa Purnamala Internasional
p.74
unresolved
org
PT Witikco
p.74 ×2
unresolved
org
PT Bimoli
p.74 ×2
unresolved
org
PT AB Sinar Mas Multifinance
· Komisaris Utama
p.74 ×2
unresolved
org
BOCOM MSIG MSIG Life Insurance Co., Ltd.
p.75 ×2
unresolved
org
BOCOM MSIG Life Insurance Co., Ltd.
p.75
unresolved
org
Insurance Business Department Mitsui Sumitomo Insurance Co., Ltd
p.75
unresolved
org
Department Mitsui Sumitomo Insurance Co., Ltd
p.75
unresolved
org
Mitsui Sumitomo Non-Executive Director Max Life Insurance Co., Ltd.
p.75
unresolved
org
Asian Life Insurance Business Sumitomo Insurance Co., Ltd
p.75
unresolved
org
Corporate Planning Insurance Co., Ltd
p.75
unresolved
org
Fire Insurance Co., Ltd.
p.75 ×4
unresolved
org
Bank Nippon Credit
p.75
unresolved
org
Life Insurance Co.
· Direktur Max
p.75 ×3
unresolved
org
Max Financial Services Limited
p.75
unresolved
org
Departemen Bisnis Asuransi Jiwa Mitsui Sumitomo Insurance Co.
p.76
unresolved
org
Departemen Perencanaan Bisnis Internasional MS
p.76
unresolved
org
Departemen Perencanaan Keuangan Mitsui Sumitomo
p.76
unresolved
org
Departemen Solusi Keuangan Mitsui Sumitomo
p.76
unresolved
org
Mitsui Insurance Co., Ltd.
p.76 ×3
unresolved
org
Deputy General Perencanaan Keuangan Mitsui Sumitomo Insurance Co., Ltd.
p.76
unresolved
org
Departemen Asian Life Insurance Business
p.76
unresolved
org
Asian Life Insurance Mitsui Sumitomo Insurance Co., Ltd.
p.76
unresolved
org
Departemen Manajemen Risiko Keuangan
p.76
unresolved
org
Financial Risk Management Department Mitsui Sumitomo Insurance Co., Ltd.
p.76
unresolved
org
New York MBIA Insurance Corp.
p.76
unresolved
org
Departemen Administrasi Portofolio Sumitomo
p.76
unresolved
org
Portfolio Administration Mitsui Asset Management Co., Ltd.
p.76
unresolved
org
Sumitomo Mitsui Asset Management Co., Ltd.
p.76
unresolved
org
Mitsui Management Co., Ltd.
p.76
unresolved
org
Departemen Penjualan
p.76
unresolved
org
Non-Life Non-Life Insurance Mitsui Sumitomo Insurance Co., Ltd.
p.76
unresolved
org
A Activity Mitsui Sumitomo Insurance Co., Ltd.
p.77
unresolved
org
Mitsui Sumitomo Insurance Mitsui Sumitomo Insurance Co., Ltd.
p.77
unresolved
org
Indian Life Mitsui Sumitomo Insurance Co., Ltd.
p.77
unresolved
org
Bank Indonesia
p.78 ×24
unresolved
org
Bank Indonesia Perwakilan Bank Indonesia Wilayah Eropa
p.78
unresolved
org
Bank Indonesia’s Regional Office
p.78
unresolved
person
Directorate
· Direktur Direktorat
p.78
unresolved
org
PT Sinar Mas Agro Resources
p.78 ×2
unresolved
org
Technology Tbk
p.78 ×2
unresolved
org
SMART Tbk
p.78 ×4
unresolved
org
PT Niaga Aset Manajemen
p.79 ×3
unresolved
org
PT Niaga Asset Management
p.79 ×3
unresolved
org
Bank Niaga Tbk
p.79 ×12
unresolved
person
Institute
· Komisaris Independen
p.80 ×4
unresolved
org
Assegaf Hamzah Kantor Konsultan Hukum Assegaf Hamzah & Partners
p.80
unresolved
org
Tax Advisor Kantor Konsultan Hukum Assegaf Hamzah & Partners
p.80
unresolved
org
Assegaf Hamzah & Partners
p.80
unresolved
org
PT Asuransi Jiwa Sequis Life
p.80 ×2
unresolved
org
International Manager Deloitte Tax LLP
p.80
unresolved
org
Deloitte Tax LLP
p.80
unresolved
org
PT AIG Insurance Indonesia
p.80 ×2
unresolved
—
GMS. Sebelumnya
· Komisaris Independen
p.81
unresolved
org
PT Bank Commonwealth
p.81
unresolved
person
Commonwealth
· Komisaris Independen
p.81
unresolved
org
PT FWD Insurance Indonesia
p.81 ×2
unresolved
person
Committee
· Komisaris
p.81
unresolved
org
PT FWD Asset Management
p.81
unresolved
org
PT FWD Asset Management Komite Audit Independen
p.81
unresolved
org
PT Bank BNI Syariah
p.81 ×2
unresolved
org
PT Bank Muamalat
p.81
unresolved
org
PT Bank Barclays Indonesia
p.81
unresolved
org
PT Bank Muamalat Indonesia
p.81
unresolved
org
Pemeriksa Keuangan Republik
p.81
unresolved
org
PT Bank Barclays Indonesia Indonesia
p.81
unresolved
org
Bank Consultant
p.81
unresolved
org
Pemeriksa Keuangan Republik Indonesia
p.81
unresolved
—
Tokoi
· Commissioner
p.82
unresolved
person
Sharia Supervisory Board Dr. H. Rahmat Hidayat
· Chairman
p.83 ×34
unresolved
org
Nasional Sertifikasi
p.83 ×3
unresolved
org
Nasional Sertifikasi Profesi & Lembaga Sertifikasi
p.83 ×2
unresolved
org
Pelaksana
p.83
unresolved
org
Pengelola Keuangan Haji
p.83
unresolved
org
Financial Management Agency
· Direktur
p.83
unresolved
org
Kementerian Pekerjaan Umum dan Perumahan Rakyat Republik
p.83
unresolved
org
Ministry of Public Works and Public Housing
p.83 ×2
unresolved
org
Direktorat Jenderal Pembiayaan
p.83
unresolved
org
Kementerian Pekerjaan
p.83
unresolved
org
Directorate General of Financing
p.83
unresolved
org
Kementerian Perumahan
p.83
unresolved
org
Ministry of Public Housing
p.83
unresolved
org
PT Syarikat Takaful Indonesia
p.84 ×2
unresolved
org
PT Nano Bank Syariah
p.84 ×2
unresolved
org
PT Sinarmas Syariah Asset Management
p.84 ×2
unresolved
org
PT Asuransi Jiwa Generali Indonesia
p.85 ×2
unresolved
org
PT Panin Life
p.85 ×2
unresolved
org
PT Prudential
p.85
unresolved
org
PT Prudential Life Assurance
p.85
unresolved
org
Asuransi Jiwa Sinarmas Sinarmas MSIG Tbk
p.86 ×2
unresolved
org
Deputy Sumitomo Insurance Co., Ltd.
p.86
unresolved
org
Japan Care Service Co., Ltd.
p.86
unresolved
org
Departemen Akuntansi Mitsui Marine & Fire Insurance Co.
p.86
unresolved
org
Care Service Co., Ltd.
p.86
unresolved
org
Life Insurance Insurance Indonesia Tbk
p.87
unresolved
org
Mitsui Manager Mitsui Sumitomo Aioi Life Insurance Co., Ltd.
p.87
unresolved
org
Sumitomo Aioi Life Insurance Co., Ltd.
p.87
unresolved
org
Mitsui Sumitomo Mitsui Sumitomo Insurance Co., Ltd.
p.87
unresolved
org
Jiwa Sinarmas MSIG Tbk
p.88 ×2
unresolved
org
PT Asuransi Jiwa Manulife Indonesia
p.88 ×2
unresolved
org
PT Asuransi Jiwa Manulife Associate Divisi Aktuaria
p.88
unresolved
org
PT Asuransi Jiwa Principal Indonesia
p.88 ×2
unresolved
person
Certification Institute
· Direktur
p.89
unresolved
org
Bisnis Asuransi Jiwa Asia Mitsui Sumitomo Insurance Co., Ltd.
p.89
unresolved
org
Departemen Bisnis Asuransi Jiwa
p.89
unresolved
org
Insurance Business Department Asia Mitsui Sumitomo Insurance Co., Ltd.
p.89
unresolved
org
Life Tbk
p.89
unresolved
org
Project Management Office Tbk
p.89
unresolved
org
PT MSIG Life General Manager-Marketing
p.89
unresolved
org
Asuransi Jiwa Sinarmas Insurance Indonesia Tbk
p.89 ×2
unresolved
org
Corporate Sinarmas MSIG Tbk
p.89
unresolved
org
Departemen Perencanaan Perusahaan
p.89
unresolved
org
Departemen Sumber Daya Manusia Mitsui Sumitomo Insurance
p.89
unresolved
org
AD Insurance Group Inc.
p.90 ×2
unresolved
org
Mitsui Sumitomo Primary Life Insurance Co., Ltd.
p.90
unresolved
org
Thailand Mitsui Sumitomo Insurance Co., Ltd.
p.90
unresolved
org
Overseas Branches Accounting Mitsui Sumitomo Insurance Co., Ltd.
p.90
unresolved
org
Life Insurance Life Insurance Indonesia Tbk
p.92
unresolved
org
PT Panin Dai-Ichi Life
p.92 ×8
unresolved
org
PT Panin Dai-Ichi Life Dai-Ichi Life
p.92 ×2
unresolved
org
PT Avrist Assurance Head
p.96
unresolved
org
PT Avrist Assurance
p.96
unresolved
org
PT AJ Mega Indonesia
p.96 ×2
unresolved
org
PT AJ Mega Division General Manager
p.96
unresolved
org
PT AJ Mega Life
p.96
unresolved
org
Broker Perseroan Terbatas Limited
p.110
unresolved
person
Regulation
· Member
p.145
unresolved
person
Notary Aryanti Artisari
p.153 ×2
unresolved
org
Kantor Akuntan Publik Purwantono
p.153 ×2
unresolved
org
Kantor Akuntan Publik Independen
p.156
unresolved
org
Kementerian Hukum Republik Indonesia
p.157 ×4
unresolved
org
Ministry of Law and Human Rights
p.157
unresolved
org
Ministry of Law
p.164
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