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Page 1
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
Page 2
                                                                                                                                                                                                                                      2023
                                                                                                                                                                                                      Laporan Tahunan dan Keberlanjutan
                                                                                                                                                                                                         Annual and Sustainability Report




                                                                                                                                                                             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


Sanggahan dan Batasan Tanggung Jawab                                                                                     PT MSIG Life Insurance Indonesia Tbk (Perseroan) secara aktif   PT MSIG Life Insurance Indonesia Tbk (the Company)
Disclaimer and Limitation of Liability                                                                                   mengantisipasi dan menyesuaikan diri dengan perubahan           actively anticipates and adapts to changes in the external
                                                                                                                         kondisi eksternal, seperti perubahan regulasi dan dinamika      environment, such as regulatory changes and market
Laporan Tahunan 2023 PT MSIG Life Insurance                 This 2023 Annual Report of PT MSIG Life Insurance            pasar. Fokus pada “Memimpin di Tengah Ketidakpastian”           dynamics. The focus on “Leading Amid Uncertainty”
Indonesia Tbk (yang selanjutnya disebut “Perseroan”         Indonesia Tbk (hereinafter referred to as “the Company”      menunjukkan tekad proaktif dan inovatif, mengambil              demonstrates proactive and innovative determination,
atau “MSIG Life”) ini disusun untuk memenuhi ketentuan      or “MSIG Life”) is prepared to fulfill the requirement of    inisiatif dalam mengelola risiko, dan menciptakan solusi yang   taking the initiative in managing risks, and creating
pelaporan hasil kinerja Perseroan pada periode              reporting the Company’s performance results for the          responsif terhadap dinamika pasar. Ketangguhan dan visi         responsive solutions to market dynamics. The Company’s
1 Januari 2023 sampai dengan 31 Desember 2023               period of January 1, 2023, until December 31, 2023,          Perseroan untuk tumbuh berkelanjutan menggambarkan              resilience and vision for sustainable growth illustrate its
kepada regulator dan pemangku kepentingan. Laporan
                                                            to regulators and stakeholders. This Annual Report is        komitmen untuk membangun fondasi yang kuat pada jangka          commitment to building a strong foundation for long-term
Tahunan ini antara lain disusun berdasarkan Peraturan
                                                            prepared based on the Financial Services Authority (OJK)     panjang dalam mencapai pertumbuhan yang berkelanjutan,          sustainable growth, not only as a form of current resilience
Otoritas Jasa Keuangan No. 29/POJK.04/2016 tentang
                                                            Regulation No. 29/POJK. 04/2016 on Annual Report of          bukan hanya sebagai bentuk ketahanan saat ini, tetapi juga      but also as a strategic step towards a better future.
Laporan Tahunan Emiten atau Perusahaan Publik dengan
muatan konten sesuai Surat Edaran Otoritas Jasa             Issuers or Public Companies with contents in line with       sebagai langkah strategis untuk masa depan yang lebih baik.
Keuangan No. 16/SEOJK.04/2021 tentang Bentuk dan Isi        OJK Circular No. 16/SEOJK.04/2021 on the Form and
Laporan Tahunan Emiten atau Perusahaan Publik.              Content of Annual Report of Issuers or Public Companies.     Filosofi ini mencerminkan kesadaran Perseroan terhadap          This philosophy reflects the Company’s awareness of
                                                                                                                         kompleksitas lingkungan bisnis, kewajiban etisnya terhadap      the complexity of the business environment, its ethical
Laporan Tahunan ini memuat informasi terkait tujuan,        This Annual Report contains information related              pemegang saham, dan tanggung jawabnya terhadap nasabah.         obligations to shareholders, and its responsibility to
kebijakan, rencana, strategi, serta hasil operasional dan   to objectives, policies, plans, and strategies, as well as   Dengan memadukan ketangguhan, inovasi, dan visi yang            customers. By combining resilience, innovation, and
keuangan yang disusun berdasarkan data faktual yang         operational and financial results prepared based on          berkelanjutan, Perseroan berkomitmen untuk tidak hanya          sustainable vision, the Company is committed not only to
dapat dipertanggungjawabkan kebenarannya. Selain itu,       factual, accountable data. In addition, this Annual Report   bertahan dalam kondisi sulit, tetapi juga menjadi perusahaan    surviving in challenging conditions but also to becoming
Laporan Tahunan ini juga menyajikan informasi terkait
                                                            also presents information related to the Company’s           yang memberikan kontribusi signifikan terhadap industri         a company that makes a significant contribution to the
proyeksi kerja Perseroan di tahun selanjutnya yang
                                                            work projections for the following year, prepared based      asuransi jiwa ke arah pertumbuhan yang berkelanjutan,           life insurance industry towards sustainable growth, the
disusun berdasarkan pernyataan-pernyataan prospektif
                                                            on prospective statements and various assumptions            Perseroan bertahan dalam kondisi sulit dan sekaligus            Company perseveres under challenging conditions and
dan berbagai asumsi mengenai kondisi mendatang
Perseroan, serta lingkungan bisnis yang terkait, sehingga   regarding the Company’s future conditions and related        berkontribusi signifikan terhadap industri asuransi jiwa ke     contributes significantly to the life insurance industry
dapat mengakibatkan perkembangan aktual secara              business environment, which may result in actual             arah pertumbuhan yang berkelanjutan, sehingga Perseroan         towards sustainable growth, thus becoming a Trusted
material berbeda dari yang dilaporkan. Oleh karena itu,     developments that are materially different from those        menjadi Trusted Partner yang membantu dan memberikan            Partner that helps and benefits society to live life to the
Perseroan mengimbau agar pemangku kepentingan               reported. Therefore, the Company urges stakeholders to       manfaat bagi masyarakat untuk dapat menjalani hidup             fullest.
dapat menggunakan informasi tersebut secara bijak           wisely use such information for decision-making.             sepenuhnya.
dalam pengambilan keputusan.




                                                                                                                                                                                                           PT MSIG Life Insurance Indonesia Tbk
                                                                                                                                                                                                                             2023 Annual Report         1
Page 3
DAFTAR ISI
Table of Contents
                                                                                                                                                         Realisasi Penggunaan Dana Hasil
                                                                                                                                                         Penawaran Umum
                                                                                                                                                         Realization of Use of Proceeds from
                                                                                                                                                         Public Offering
                                                                                                                                                                                                 120     Komite Nominasi dan Remunerasi
                                                                                                                                                                                                         Nomination and Remuneration
                                                                                                                                                                                                         Committee
                                                                                                                                                                                                       Komite Pendukung Direksi
                                                                                                                                                                                                                                                  166


                                                                                                                                                                                                                                                 169
                                                                                                                                                                                                                                                             LAPORAN KEBERLANJUTAN
                                                                                                                                                                                                                                                             Sustainability Report

                                                                                                                                                                                                                                                             Kebijakan Keberlanjutan
                                                                                                                                                                                                                                                             Sustainability Policy
                                                                                                                                                                                                                                                                                                          220
                                                                                                                                                         Informasi Material terkait Investasi,   120   Board of Directors’ Supporting Committees
                                                                                                                                                         Ekspansi, Divestasi, Penggabungan/                                                                    Implementasi Rencana Aksi Keuangan         221
                                                                                                                                                                                                         Komite Investasi dan Keuangan            169          Berkelanjutan
                                                                                                                                                         Peleburan Usaha, Akuisisi, dan                  Investment and Finance Committee
                                                                                                                                                         Restrukturisasi Utang/Modal                                                                           Implementation of Sustainable Finance
                                                                                                                                                         Material Information related to                 Komite Teknologi Informasi dan        172             Action Plan
                                                                                                                                                                                                         Operasional
KILAS KINERJA                                   Keanggotaan pada Asosiasi                       62   Informasi Penggunaan Jasa Akuntan Publik    98      Investment, Expansion, Divestment,                                                                    Dukungan terhadap SDGs                     221
                                                                                                                                                         Business Merger/Consolidation,                  Information Technology and Operations
Performance Highlights                          Association Membership                               dan Kantor Akuntan Publik                                                                                                                                 Support for SDGs
                                                                                                                                                         Acquisition, and Debt/Capital                   Committee
                                                Profil Dewan Komisaris                          63   Information on the Use of Public                                                                                                                          Permasalahan terhadap Penerapan            223
Ikhtisar Keuangan                        10                                                          Accountant and Public Accounting Firm               Restructuring                                   Komite Produk dan Pemasaran              175
                                                Profile of the Board of Commissioners                                                                                                                                                                          Keuangan Berkelanjutan
Financial Highlights                                                                                 Services                                            Informasi Transaksi Material yang       120     Product and Marketing Committee
                                                                                                                                                                                                                                                               Problems with the Implementation of
Ikhtisar Operasional                     12
                                                Profil Dewan Pengawas Syariah                   69                                                       Mengandung Benturan Kepentingan                 Komite Manajemen Risiko                  179          Sustainable Finance
                                                Profile of the Sharia Supervisory Board              Lembaga dan Profesi Penunjang               98
Operational Highlights                                                                               Pasar Modal                                         Information on Material Transactions            Risk Management Committee
                                                                                                                                                                                                                                                             Ikhtisar Keberlanjutan                       224
                                                Profil Direksi                                  71   Capital Market Supporting Institutions              Containing Conflict of Interest                 Komite Sumber Daya Manusia               182
Ikhtisar Saham                           12                                                                                                                                                                                                                  Sustainability Highlights
                                                Profile of the Board of Directors                    and Professions                                     Informasi Transaksi Material dengan     120     Human Resources Committee
Share Highlights                                                                                                                                                                                                                                               Kinerja Ekonomi                            224
                                                Profil Pengurus Manajemen                       77   Penghargaan dan Sertifikasi                 99      Pihak Afiliasi dan Berelasi                   Organ Pendukung Direksi                    184
Aksi Korporasi dan Aktivitas             13                                                                                                                                                                                                                    Economic Performance
                                                Profile of the Board of Management                   Awards and Certification                            Information on Material Transactions          Board of Directors’ Supporting Organs
Perdagangan Saham
                                                                                                                                                         with Affiliated and Related Parties                                                                   Kinerja Sosial                             225
Corporate Actions and Stock Trading             Profil Pejabat Eksekutif                        80   Informasi pada Situs Web Perusahaan        103                                                      Sekretaris Perusahaan                    184          Social Performance
Activities                                      Profile of Executive Officers                        Information on the Company’s Website                Perubahan Ketentuan Peraturan           121     Corporate Secretary
                                                                                                                                                         Perundang-Undangan yang Berpengaruh                                                                   Kinerja Lingkungan Hidup                   225
Informasi Obligasi, Sukuk, atau          13     Pelatihan dan/atau Peningkatan Kompetensi       86                                                                                                                                                             Environmental Performance
                                                                                                                                                         Signifikan terhadap Perseroan                   Unit Audit Internal                      187
Obligasi Konversi                               Pengurus Manajemen dan Pejabat Eksekutif
Information of Bonds, Sukuk, or                 Competency-Based Training and/or
                                                                                                     ANALISIS DAN                                        Amendments to the Provisions of Laws            Internal Audit Unit                                 Penjelasan Presiden Direktur                 226
Convertible Bonds                               Development Programs for Board of
                                                                                                     PEMBAHASAN MANAJEMEN                                and Regulations that have a Significant         Fungsi Kepatuhan                         190        Message from the President Director
                                                Management and Executive Officers
                                                                                                     Management Discussion and Analysis                  Impact on the Company                           Compliance Function
Peristiwa Penting 2023                   14                                                                                                                                                                                                                  Tata Kelola Keberlanjutan                    231
Significant Events in 2023                      Profil Karyawan                                 91   Tinjauan Ekonomi                           106      Perubahan Kebijakan Akuntansi           123     Fungsi Manajemen Risiko                  192        Sustainability Governance
                                                Employee Profile                                     Economic Overview                                   Changes in Accounting Policy                    Risk Management Function                              Penanggung Jawab Penerapan             231
                                                Pelatihan dan/atau Peningkatan                  92   Tinjauan Industri                          107                                                    Sistem Pengendalian Internal               193          Keuangan Berkelanjutan
LAPORAN MANAJEMEN                               Kompetensi Karyawan                                  Industrial Overview                                                                               Internal Control System                                 Person in Charge of the Implementation
Management Reports                                                                                                                                     TATA KELOLA PERUSAHAAN
                                                Competency-Based Training and/or                                                                       Good Corporate Governance                       Sistem Manajemen Risiko                    194          of Sustainable Finance
                                                                                                     Tinjauan Operasional                       108
                                                Development Programs for Employees                   Operational Overview                                                                              Risk Management System                                  Pengembangan Kompetensi terkait            231
Laporan Dewan Komisaris                  22
Board of Commissioners’ Report                  Informasi Pemegang Saham                        93                                                     Komitmen dan Prinsip Penerapan GCG        126   Tata Kelola Teknologi Informasi            199          Keuangan Berkelanjutan
                                                                                                     Tinjauan Keuangan                          110
                                                Information on Shareholders                                                                            Commitment to and Principles of GCG             Information Technology Governance                       Competency Development related to
                                                                                                     Financial Review
Laporan Direksi                          30                                                                                                            Implementation                                                                                          Sustainable Finance
Board of Directors’ Report                          Komposisi Pemegang Saham                    93     Laporan Posisi Keuangan                  110                                                    Auditor Eksternal                          201
                                                    Composition of Shareholders                        Statement of Financial Position
                                                                                                                                                       Struktur GCG                              127   External Auditor                                        Kegiatan Membangun Budaya                  232
                                                                                                                                                       GCG Structure                                                                                           Keberlanjutan
                                                    Komposisi Pemegang Saham yang               93     Laporan Laba Rugi dan Penghasilan        112                                                    Perkara Hukum                              202
                                                                                                                                                       Penilaian Penerapan GCG                   128                                                           Building a Sustainability Culture
Tanggung Jawab Laporan Tahunan           40         Memiliki 5% atau Lebih Saham                       Komprehensif Lain                                                                               Legal Cases
Annual Report Responsibility                        Composition of Shareholders with 5% or             Statements of Profit or Loss and Other
                                                                                                                                                       Assessment of GCG Implementation                                                                        Hubungan dengan Pemangku                   232
                                                                                                                                                                                                       Sanksi Administratif                       203          Kepentingan
                                                    More Shares                                        Comprehensive Income                            Rapat Umum Pemegang Saham                 128   Administrative Sanctions                                Relationship with Stakeholders
                                                    Komposisi Pemegang Saham Masyarakat         94                                                     General Meeting of Shareholders
                                                                                                       Laporan Arus Kas                         113                                                    Kode Etik                                  203
PROFIL PERUSAHAAN                                   dengan Kepemilikan Saham Masing-                   Statements of Cash Flows                        Dewan Komisaris                           134   Code of Ethics
                                                                                                                                                                                                                                                             Keberlanjutan Aspek Ekonomi                  235
Company Profile                                     Masing Kurang dari 5%                                                                              Boards of Commissioners                                                                               Economic Sustainability
                                                    Composition of Public Shareholders with            Kemampuan Membayar Utang                 114                                                    Kebijakan Pemberian Insentif Jangka       205
                                                                                                       Debt Service Ability                            Dewan Pengawas Syariah                    142                                                         Keberlanjutan Aspek Sosial                   237
Identitas Perusahaan                     44         Individual Share Ownership Less than 5%                                                                                                            Panjang kepada Direksi dan/atau Karyawan              Social Sustainability
                                                                                                                                                       Sharia Supervisory Board                        Policy for Providing Long-Term Incentives
Company Identity                                    Komposisi Kepemilikan Saham Dewan           95
                                                                                                       Tingkat Kolektibilitas Piutang           115
                                                                                                       Receivables Collectability Rate                 Direksi                                   145   to Board of Directors and/or Employees                Keberlanjutan Aspek Lingkungan Hidup         248
Informasi Perubahan Nama Perusahaan      45         Komisaris, Dewan Pengawas Syariah, dan                                                                                                                                                                   Environmental Sustainability
                                                                                                                                                       Board of Directors                              Program Kepemilikan Saham oleh             206
Information on Changes                              Direksi                                            Struktur Permodalan dan                  115
of Company Name                                                                                        Kebijakan Manajemen                             Nominasi dan Remunerasi Dewan Komisaris, 152    Manajemen dan/atau Karyawan                           Verifikasi Tertulis dari Pihak Independen   252
                                                    Composition of Share Ownership of
                                                                                                                                                       Dewan Pengawas Syariah, dan Direksi             Share Ownership Program for                           Written Verification from Independent Party
                                                    the Board of Commissioners, Sharia                 Capital Structure and Management
Perubahan Signifikan yang Terjadi pada   45
                                                    Supervisory Board, and Board of Directors          Policy                                          Nomination and Remuneration of                  Management and/or Employees                           Tanggapan terhadap Umpan Balik Laporan 252
Perusahaan
                                                                                                                                                       the Board of Commissioners, Sharia              Kebijakan Pengungkapan Informasi           206        Keberlanjutan Tahun Sebelumnya
Significant Changes in the Company                  Kepemilikan Tidak Langsung atas             95     Ikatan Material untuk Investasi Barang 116
                                                                                                                                                       Supervisory Board, and Board of Directors       Information Disclosure Policy                         Response to Feedback on Previous Year’s
                                                    Saham Perseroan oleh Anggota Dewan                 Modal
Sekilas Perusahaan                       46                                                                                                                                                                                                                  Sustainability Report
Brief Overview of the Company                       Komisaris, Dewan Pengawas Syariah, dan             Material Commitment to Capital Goods            Pelatihan dan/atau Peningkatan            154   Sistem Pelaporan Pelanggaran               207
                                                    Anggota Direksi                                    Investment                                      Kompetensi Dewan Komisaris, Dewan                                                                     Lembar Umpan Balik                           253
Tonggak Sejarah                          48                                                                                                                                                            Whistleblowing System
                                                    Indirect Ownership of the Company’s                                                                Pengawas Syariah, dan Direksi                                                                         Feedback Form
Milestones                                                                                             Investasi Barang Modal                   116                                                    Kebijakan Anti Penyusupan, Korupsi,        209
                                                    Shares by Members of the Board of                                                                  Competency Training and/or Development                                                                Daftar Pengungkapan sesuai Peraturan         255
                                                                                                       Capital Goods Investment                                                                        dan Anti-Fraud
Visi dan Misi                            50         Commissioners, Sharis Supervisory Board,                                                           for the Board of Commissioners, Sharia                                                                Otoritas Jasa Keuangan
Vision and Mission                                  and Board of Directors                             Informasi dan Fakta Material yang         116   Supervisory Board, and Board of Directors       Anti-Bribery, Corruption, and
                                                                                                                                                                                                                                                             No. 51/POJK.03/2017
                                                                                                       Terjadi Setelah Laporan Akuntan                                                                 Anti-Fraud Policy
Nilai-Nilai Perusahaan                   51         Komposisi Kepemilikan Saham                 95                                                     Hubungan Afiliasi Dewan Komisaris, Dewan 157                                                          List of Disclosures according to Financial
                                                                                                       Material Information and Facts Subsequent
Company Values                                      berdasarkan Klasifikasi Pemegang Saham                                                             Pengawas Syariah, dan Direksi                   Kebijakan Benturan Kepentingan dan         210        Services Authority Regulation
                                                                                                       to the Accountant’s Report Date                                                                 Insider Trading
                                                    Composition of Share Ownership based on                                                            Affiliations of the Board of Commissioners,                                                           No. 51/POJK.03/2017
Filosofi Nama dan Logo Perusahaan        52                                                            Perbandingan Target dan Realisasi        116                                                    Conflict of Interest and Insider Trading
                                                    Classification of Shareholders                                                                     Sharia Supervisory Board, and
Philosophy of the Company’s Name                                                                       Tahun 2023                                                                                      Policies
                                                                                                                                                       Board of Directors
and Logo                                        Struktur Pemegang Saham Utama dan               96     Comparison of Target and Realization
                                                Pengendali                                                                                             Komite Pendukung Dewan Komisaris          157   Rencana Strategis Perusahaan               211
Tagline Perusahaan                       52                                                            for 2023                                                                                        Company’s Strategic Plan
                                                Structure of Major and/or Controlling                                                                  Board of Commissioners’ Supporting
Company Tagline                                                                                        Prospek Usaha                            117                                                                                                          LAPORAN KEUANGAN
                                                Shareholders                                                                                           Committees                                      Transparansi Kondisi Keuangan dan          213
Kegiatan Usaha                           53                                                            Business Prospect                                                                                                                                     KONSOLIDASIAN
                                                Informasi Entitas Anak, Perusahaan              97                                                       Komite Audit                            157   Non-Keuangan                                          Consolidated Financial Statements
Business Activities                                                                                    Proyeksi 2024                            118                                                    Transparency of Financial and
                                                Asosiasi, dan Perusahaan Ventura                                                                         Audit Committee
Produk dan Jasa                          54     Information on Subsidiaries, Associated                Projections for 2024                                                                            Non-Financial Conditions
Products and Services
                                                                                                                                                         Komite Pemantau Risiko                  162
                                                Companies, and Venture Companies                       Aspek Pemasaran                          118      Risk Oversight Committee                      Penerapan Pedoman Tata Kelola              213
Wilayah Operasional                      56                                                            Marketing Aspect                                                                                Perseroan Terbuka
                                                Kronologi Pencatatan Saham                      97                                                       Komite Kebijakan Tata Kelola Perusahaan 164
Operational Area                                Chronology of Share Listing                            Kebijakan dan Pembagian Dividen          119                                                    Implementation of Public Company
                                                                                                                                                         Good Corporate Governance Committee
Struktur Organisasi                      60                                                            Dividend Policy and Distribution                                                                Governance Guidelines
                                                Kronologi Pencatatan Efek Lainnya               97
Organization Structure                          Chronology of Other Securities Listing




             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                       PT MSIG Life Insurance Indonesia Tbk
2            Laporan Tahunan 2023                                                                                                                                                                                                                                         2023 Annual Report               3
Page 4
Tentang PT MSIG Life Insurance Indonesia Tbk
About PT MSIG Life Insurance Indonesia Tbk

                                Setelah mengalami berbagai transformasi, Perseroan resmi berganti nama menjadi PT MSIG Life Insurance Indonesia Tbk (MSIG Life)                               Melakukan beberapa langkah perubahan yang berdampak signifikan terhadap eksistensi Perseroan, yaitu:



       38
                                dengan logo baru pada kuartal akhir tahun 2023. MSIG Life hadir sebagai mitra solusi finansial yang memberikan perlindungan bagi                              Taking several steps that have significant impact on the Company’s existence, including:
                                keluarga Indonesia selama lebih dari 38 tahun.
                                Fokus Perseroan dalam membangun kinerja yang positif dan berkelanjutan menjadi upaya untuk mewujudkan komitmen sebagai                                                                Sebelum                                                              Sesudah
                                Trusted Partner yang masyarakat Indonesia andalkan dalam menghadirkan perlindungan sesuai langkah hidup mereka, sehingga
                                                                                                                                                                                                                         Before                                                                After
      Tahun / year              mereka dapat menjalani hidup sepenuhnya.
                                                                                                                                                                                                        PT Asuransi Jiwa Sinarmas MSIG Tbk                                  PT MSIG LIFE Insurance IndonesiaTbk
                                After undergoing various transformations, the Company officially changed its name to PT MSIG Life Insurance Indonesia Tbk (MSIG
                                Life) with a new logo in the fourth quarter of 2023. MSIG Life is a financial solution partner that has been providing protection for
                                Indonesian families for over 38 years.
                                                                                                                                                                                                                Sinarmas MSIG Life                                                          MSIG Life
   HADIR DI
                                The Company’s focus on building positive and sustainable performance is an effort to fulfill its commitment as a Trusted Partner
OF PRESENCE IN

                                                                                                                                                                                                                                                                                               MSIG
                                that the Indonesian society relies on to provide protection according to their life stages, enabling them to live life to the fullest.
  INDONESIA


                                                                                                                                                                                                        Kantor Manajemen dan Layanan Nasabah                                                Kantor Pusat
                                                                                                                                                                          2023-2024                     Management and Customer Service Office                                               Head Office
                                                                                                                                                                             Fase 2 :                            Sinarmas MSIG Tower Lt. 6                                           Sinarmas MSIG Tower Lt. 6
                                                                                                                                                                           Akselerasi                            Jl. Jend. Sudirman Kav. 21                                          Jl. Jend. Sudirman Kav. 21

Transformasi Sinarmas MSIG Life menjadi MSIG Life                                                                                                                            Phase 2:
                                                                                                                                                                           Acceleration
                                                                                                                                                                                                                        Jakarta 12920
                                                                                                                                                                                                                       Kantor Pusat
                                                                                                                                                                                                                                                                                       Jakarta Selatan 12920


                                                                                                                                                                                                                        Head Office
Transformation of Sinarmas MSIG Life to MSIG Life                                                                                                                                                                  Wisma Eka Jiwa Lt. 9
                                                                                                                                                                                                                   Jl. Mangga Dua Raya
                                                                                                                                                                                                                   Jakarta Pusat 10730

                                                                                                                                                                                                        Korespondensi dan Kontak Customer Care                              Korespondensi dan Kontak Customer Care
                                                                                                                                                                                                       Correspondence and Customer Care Contact                            Correspondence and Customer Care Contact
                               To Bring                                                                                                                                                                     Telepon : (021) 5060 9999, 2650 8300                                Telepon : (021) 5060 999; 2650 8300
                                                                                                                                                                                                     E-mail : cs@sinarmasmsiglife.co.id (untuk individu)                      E-mail : cs@msiglife.co.id (untuk individu)
                               SMILE to                                                                                                                                                               groupcs@sinarmasmsiglife.co.id (untuk korporasi)                        groupcs@msiglife.co.id (untuk korporasi)
                               People’s                                                                                                                                                                   Situs Web : www.sinarmasmsiglife.co.id                                   Situs Web : www.msiglife.co.id
                              Healthy Living                                  Protection                             Saving                          Healthy Living                                               WhatsApp : 088 1234 1088                                            WhatsApp : 088 1234 1088
       2020                       Life                                                                                                                                                                          Instagram : @sinarmasmsiglife                                            Instagram : @msiglife
    Aspirasi Kami
    Our Aspirations                                                                                                                                                                           Atau hubungi melalui aplikasi VEGA by MSIG Life yang dapat diunduh melalui App Store/Play Store/scan QR pada halaman polis.
                                                                                                                                                                                              Or contact via VEGA by MSIG Life application, which can be downloaded via App Store/Play Store/scan QR on the policy page.
                                      S                           M                              I                               L                           E
                                 Simpler                       Mobile                    Innovative                          AgiLe                     Empower


                                         Pilar / Pillar                                     Pilar / Pillar                                        Pilar / Pillar

    2021-2022
                                       Expand to Grow                               Excellent Service & Supports                         Solid Financial & Governance
                                                                                                                                                                                                                                               GREAT 2025
                       •   Fokus pada bisnis retail melalui keagenan dan        •   Survei kepuasan nasabah.                         •   Optimasi portofolio investasi.
       Fase 1 :            bancassurance.                                       •   Produk inovatif dan layanan personal.            •   Memperkuat manajemen risiko.                                  GRow                                                Excellent                             As Trusted Partner
      Penguatan        •   Memperkuat kerja sama dengan para mitra bisnis.      •   Efisiensi dengan digitalisasi dan data
    Fundamental        •   Mengukur perubahan persepsi merek dari                   analisis.
                                                                                                                                     •   Optimization of investment
                                                                                                                                                                             2025               Sustainable Business                                       Services                                    in 2025
                                                                                                                                         portfolio.
       Phase 1:            waktu ke waktu.                                      •   Customer satisfaction survey.                    •   Strengthening risk management.
     Fundamental       •   Focus on retail business through agency and          •   Innovative products and personal services.                                                            •   Mengembangkan kanal distribusi yang ada;                            •   Expanding existing distribution channels;
    Strengthening          bancassurance.                                       •   Efficiency with digitalization and                                                                    •   Mengembangkan layanan dan bantuan kepada nasabah,                   •   Enhancing services and assistance to customers, stakeholders, and
                       •   Strengthening cooperation with business                  analysis data.                                                                                            pemangku kepentingan, dan karyawan; serta                               employees; and
                           partners.                                                                                                                                                      •   Menerapkan fungsi pengawasan finansial dan tata kelola              •   Implementing sustainable financial supervision and corporate
                       •   Measuring changes in brand perception over time.                                                                                                                   perusahaan yang berkelanjutan.                                          governance functions.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                           PT MSIG Life Insurance Indonesia Tbk
4           Laporan Tahunan 2023                                                                                                                                                                                                                                                             2023 Annual Report                     5
Page 5
Inovasi Pengembangan Digital                                                                                                                                                        Keunggulan Kompetitif
Digital Development Innovation                                                                                                                                                      Competitive Advantages




                                                                                                                                                                                                          Multi Jalur Distribusi                                                                    Multi Produk
                 Tenaga Pemasar                                             Tenaga Pemasar &                                                   Karyawan                                                   Multi-Channel Distribution                                                             Multiple Products
                    Marketers                                                   Karyawan                                                       Employees
                                                                           Marketers & Employees
                                                                                                                                                                                     Memiliki jalur distribusi yang beragam untuk memenuhi kebutuhan bisnis                    Memiliki diversifikasi produk yang inovatif agar dapat menyesuaikan
                                                                                                                                                                                     yang beragam, baik bisnis ritel maupun korporasi.                                                                  kebutuhan nasabah yang selalu berkembang.
     Solusi Tunggal untuk Bisnis Ritel                         Solusi Pusat Pembelajaran secara Digital                            Solusi Sistem Kerja Hybrid
     Single Solution for Retail Business                           Digital Learning Center Solution                                Hybrid Work System Solution                       Various distribution channels to meet the                                                                                    Innovative product diversification
                                                                                                                                                                                     different needs of both retail and corporate businesses.                                                          to meet the evolving needs of our customers.
                                                                                                                                                                                                                                                          Keunggulan Kompetitif
•   Menjadi solusi digital lengkap bagi tenaga pemasar
    mulai dari pengajuan polis hingga monitor aktivitas
                                                           •    Dilengkapi dengan 3 Tipe Pembelajaran, yaitu
                                                                Self-Learning, Virtual Learning dan Offline Learning
                                                                                                                         •   Meningkatkan efisiensi kinerja karyawan melalui
                                                                                                                             Work from Anywhere dengan dukungan aplikasi
                                                                                                                                                                                                                                                          Competitive Advantages
    harian.                                                     secara terjadwal.                                            digital.
•   Melakukan pemantauan detail aktivitas penjualan
    tenaga pemasar dengan perpanjangan akses
                                                           •    Praktis karena dapat mengikuti kursus langsung
                                                                dari aplikasi ORION untuk tenaga pemasar maupun
                                                                                                                         •   Mengatur lokasi tempat bekerja dan pengajuan
                                                                                                                             reservasi ruang kerja melalui absensi digital.
                                                                                                                                                                                     Memiliki teknologi terkini yang memudahkan nasabah,                           MSIG Life                      Menjadi bagian dari MS&AD Group Holdings, Inc.
                                                                                                                                                                                     tenaga pemasar, dan karyawan serta proses bisnis internal                                                          yang merupakan salah satu grup asuransi
    aplikasi ke karyawan administrasi cabang dan tim            CERES untuk karyawan.                                    •   Mengukur semangat kerja (awal dan akhir) harian
    manajemen kanal distribusi.                            •    Dapat mengunduh sertifikat pelaksanaan kursus                dalam mood meter.                                       untuk layanan yang lebih cepat, mudah, dan aman.                                                                                        terbesar di Jepang.
•   Memproses straight through acceptance untuk                 secara mandiri.                                          •   Mengembangkan        potensi    karyawan       dalam    Support from the latest technology that facilitates customers, marketers,                                 The Company is part of MS&AD Group Holdings, Inc.
    verifikasi underwriting dan pembuatan kode agen.                                                                         pengembangan internal secara digital.                   employees, and internal business processes for faster, easier, and safer services.                              one of the largest insurance groups in Japan.
•   Melakukan verifikasi pengenalan wajah untuk data       •    Equipped with 3 types of learning, namely Self-
                                                                Learning, Virtual Learning and Offline Learning on       •   Improving employee performance efficiency
    calon nasabah dan calon agen.                                                                                            through Work from Anywhere with digital
•   Melakukan pembayaran premi dengan autodebet                 a scheduled basis.
                                                                                                                             application support.
    online.                                                •    Convenient as the courses can be enrolled directly
                                                                from the ORION app for marketers and CERES for           •   Managing workplace locations and workspace                                   Teknologi                                                                                                 Merek
•   Becoming a comprehensive digital solution for
    marketers, from policy application to daily activity
                                                                employees.
                                                                                                                         •
                                                                                                                             reservation requests through digital attendance.
                                                                                                                             Measuring daily work enthusiasm (beginning and
                                                                                                                                                                                                          Technology                                                                                                Brand
                                                           •    Can download the course certificate
    monitoring.                                                 independently.                                               end) on a mood meter.
•   Monitoring detailed sales activities of marketers                                                                    •   Developing employee potential through digital
    by extending application access to branch                                                                                internal development.
    administrative staff and distribution channel
    management team.
•   Processing straight through acceptance for
    underwriting verification and agent code creation.
•   Conducting facial recognition verification for
    prospective customers and agents.
•   Processing premium payments with online auto-

                                                                                                                                                                                    Pencapaian Tahun 2023
    debit.



                                                                                                                                                                                    Achievements in 2023

                                                                                                                                                                                                    Laba Sebelum Pajak Penghasilan                                                   Total Penghasilan Komprehensif Tahun Berjalan
                                                                                                                                                                                                    Income Before Income Tax Expense                                                 Total Comprehensive In-come for the Year
                     Nasabah                                                Nasabah & Publik                                                     Publik                                                                                                (miliar / billion)                                                          (miliar / billion)
                    Customers                                               Customers & Public                                                   Public



        Solusi Satu Pintu bagi Nasabah
                                                                   Solusi Pendamping Gaya Hidup                               Prediksi Kondisi Kesehatan dengan
                                                                                                                                   Mudah dan Menyenangkan
                                                                                                                                                                                        2023                                                             Rp127,50           2023                                                     Rp173,53
                                                                        Sehat dan Lebih Muda
        One-Stop Solution for Customers                                                                                       Easily and Enjoyably Predicting Health
                                                                 Healthy Lifestyle Companion Solutions                                      Conditions                                  2022                                                             Rp359,71           2022                                                      Rp183,22
•   Memiliki layanan digital lengkap bagi nasabah          •    Pengguna dapat memantau aktivitas harian mulai           •   Memberikan prediksi risiko kesehatan pengguna
    individu mulai dari pengelolaan polis hingga                dari langkah, kalori aktif, Body Mass Index (BMI),           melalui kuesioner berupa 15 pertanyaan sederhana.                                                                             64,55 %                                                                        5,29 %
    pengajuan klaim.                                            Resting Heart Rate (RHR), dan waktu tidur, serta         •   Dilengkapi dengan algoritma risiko prediktif untuk
•   Memiliki layanan digital serta konsultasi                   usia biologis.                                               menghasilkan skor risiko hingga 13 penyakit.
    telemedicine bagi nasabah Perseroan.                   •    Dilengkapi dengan tantangan aktivitas harian yang        •   Menyediakan informasi faktor risiko kesehatan
•   Menjadi perusahaan pertama di Indonesia yang                bervariasi dengan reward yang menarik maupun                 yang utama serta rekomendasi gaya hidup yang
    menyediakan integrasi informasi polis bagi seluruh          tantangan komunitas yang dapat dipantau melalui              terpersonalisasi dan telah terbukti secara ilmiah
                                                                                                                                                                                                    Laba Tahun Berjalan
    anggota keluarga.
                                                           •
                                                                leader board.
                                                                Menggunakan algoritma Biological Age Model
                                                                                                                             untuk melindungi kesehatan.
                                                                                                                                                                                                    Income for the Year
                                                                                                                                                                                                                                                                                     2023                    2022
•  Complete digital services for individual customers           (BAM), untuk melihat usia biologis atau tingkat          •   Providing predictions of users’ health risks through
   ranging from policy management to claim                      penuaan biologisnya.                                         a questionnaire consisting of 15 simple questions.
                                                                                                                                                                                                                                                       (miliar / billion)
   submission.                                                                                                           •   Equipped with predictive risk algorithms to                                                                                                          Rp126,49                 Rp367,77                   65,61 %
• Providing digital services and telemedicine              •    Users can monitor daily activities including steps,          generate risk scores for up to 13 diseases.
   consultations for Company’s clients.                         active calories, Body Mass Index (BMI), Resting Heart    •   Easily and Enjoyably Predicting Health Conditions.
 • Becoming the first Company in Indonesia to                   Rate (RHR), and sleep time, as well as biological age.
   provide policy information integration for all family   •    Equipped with various daily activity challenges with
   members.                                                     attractive rewards and community challenges that
                                                                can be monitored via a leaderboard.
                                                           •    Utilizing the Biological Age Model (BAM)
                                                                algorithm to assess biological age or level of
                                                                biological aging.




               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                                       PT MSIG Life Insurance Indonesia Tbk
6              Laporan Tahunan 2023                                                                                                                                                                                                                                                                         2023 Annual Report                          7
Page 6
    Kilas
    Kinerja
    Performance Highlights




    01
    PT MSIG Life Insurance Indonesia Tbk   PT MSIG Life Insurance Indonesia Tbk
8   Laporan Tahunan 2023                                     2023 Annual Report   9
Page 7
          Kilas                                                                                                                                                                                                                                                            Performance
          Kinerja                                                                                                                                                                                                                                                            Highlights




Ikhtisar Keuangan
Financial Highlights



                                                         (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)   Aset                                                      Liabilitas
                                                                                                                                                                              Assets                                                    Liabilities
                       Uraian                               2023               2022               2021                              Description
                                                                                                                                                                                                       (juta Rupiah / million Rupiah)                                    (juta Rupiah / million Rupiah)
 Laporan Posisi Keuangan                                                                                                         Statement of Financial Position
                                                                                                                                                                                 16.344.767   15.536.442           14,953,956               8.501.397         7.569.825              7.221.590
 Total Aset Keuangan                                    14.244.670         14.805.481         15.572.607                                       Total Financial Assets
 Total Aset Non Keuangan                                    709.286            730.961            772.160                                 Total Non-Financial Assets
 Total Aset                                             14.953.956         15.536.442         16.344.767                                                 Total Assets
 Total Liabilitas Keuangan                                  589.014            526.613            430.315                                   Total Financial Liabilities
 Total Liabilitas Non Keuangan                            6.632.576          7.043.212          8.071.082                             Total Non-Financial Liabilities
 Total Liabilitas                                         7.221.590         7.569.825           8.501.397                                             Total Liabilities
 Dana Peserta                                               240.831            282.047            275.754                                         Participants’ Fund
 Total Ekuitas                                            7.491.535         7.684.570           7.567.616                                                 Total Equity
 Total Liabilitas, Dana Peserta, dan Ekuitas            14.953.956         15.536.442         16.344.767         Total Liabilities, Participants’ Fund, and Equity
 Laporan Laba Rugi dan Penghasilan                                                                                                     Statements of Profit or
 Komprehensif Lain                                                                                                      Loss and Other Comprehensive Income
 Total Pendapatan                                         3.495.887          3.521.147          4.091.250                                                 Total Income
 Total Beban                                              3.296.776          3.092.486          3.952.025                                              Total Expenses
 Laba Sebelum Beban Pajak Final dan Pajak                                                                                             Income Before Final Tax and
                                                            199.111            428.661            139.225
 Penghasilan                                                                                                                                Income Tax Expenses
 Pajak Final                                               (71.608)           (68.948)            (67.081)                                                     Final Tax
 Laba Sebelum Pajak Penghasilan                             127.503            359.713             72.144                    Income Before Income Tax Expense
 (Beban) Manfaat Pajak Penghasilan                           (1.015)              8.060              1.680                            Income Tax Benefit (Expense)                 2021         2022                 2023                     2021              2022                   2023
 Laba Tahun Berjalan yang Diatribusikan
                                                                                                                            Income for the Year Attributable to:
 kepada:
    Pemilik Entitas Induk                                   126.488            367.773             73.824                            Owner of the Parent Entity
    Kepentingan Nonpengendali                                       -                   -                  -                            Non-controlling interests
 Penghasilan (Rugi) Komprehensif Lain,                                                                                       Other Comprehensive Income (Loss),
                                                                                                                                                                              Ekuitas                                                   Laba Tahun Berjalan
                                                             47.046          (184.550)            (16.065)                                                                    Equity                                                    Income for the Year
 Setelah Pajak                                                                                                                                     Net of Taxes
 Total Penghasilan Komprehensif Tahun                                                                                Total Comprehensive Income for the Year                                           (juta Rupiah / million Rupiah)                                    (juta Rupiah / million Rupiah)
 Berjalan yang Diatribusikan kepada:                                                                                                         Attributable to:
    Pemilik Entitas Induk                                   173.534            183.223             57.759                           Owner of the Parent Entity                   7.567.616    7.684.570            7.491.535                  73.824           367.773                 126.488

    Kepentingan Nonpengendali                                       -                  -                   -                          Non-controlling interests
 Laba per Saham Dasar (Nilai Penuh)                               60                175                  35             Basic Earnings per Share (Full Amount)
 Laporan Arus Kas                                                                                                                       Statements of Cash Flows
 Arus Kas Neto (Digunakan untuk)                                                                                                         Net Cash Flows (Used in)
                                                          (875.047)        (1.321.488)            899.828
 Diperoleh dari Aktivitas Operasi                                                                                                 Provided by Operating Activities
 Arus Kas Neto Diperoleh dari Aktivitas Investasi           674.417          1.230.020            334.318        Net Cash Flows Provided by Investing Activities
 Arus Kas Digunakan untuk Aktivitas Pendanaan             (382.441)           (83.153)          (527.832)                  Cash Flows Used in Financing Activities
 Rasio Keuangan (%)                                                                                                                               Financial Ratio (%)
 Rasio Laba Tahun Berjalan terhadap Total Aset                  0,83               2,31               0,46                                    Return on Assets Ratio
 Rasio Laba Tahun Berjalan terhadap Total Ekuitas               1,67               4,82               0,95                                    Return on Equity Ratio
 Rasio Laba Tahun Berjalan terhadap Pendapatan                  3,62              10,44               1,80                                   Return on Income Ratio
 Rasio Lancar                                                165,17             304,41             396,40                                                Current Ratio
 Rasio Liabilitas terhadap Total Ekuitas                      99,61             102,18             115,98                                        Debt to Equity Ratio
 Rasio Liabilitas terhadap Total Aset                         49,90               50,54              53,70                                      Debt to Assets Ratio
 Rasio Solvabilitas                                                                                                                                   Solvency Ratio
    Konvensional                                           2.011,51           2.527,75           1.458,21                                             Conventional
    Syariah                                                    120*             137,85             469,67                                                     Sharia               2021         2022                 2023                     2021              2022                   2023
* 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.
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.



               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
10             Laporan Tahunan 2023                                                                                                                                                                                                                              2023 Annual Report              11
Page 8
         Kilas                                                                                                                                                                                                                                                                                                 Performance
         Kinerja                                                                                                                                                                                                                                                                                                 Highlights




Ikhtisar Operasional
                                                                                                                                                                          Volume Perdagangan (Lembar Saham)                                                                                                         Harga Penutupan (Rp)
                                                                                                                                                                          Trading Volume (Shares)                                                                                                                       Closing Price (Rp)


Operational Highlights                                                                                                                                                        800.000                                                                                                                                              7.00



                                                                                                                                                                              600.000                                                                                                                                              6.00


                                                     (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)       500.000                                                                                                                                              5.00

                      Uraian                            2023               2022               2021                              Description
                                                                                                                                                                              400.000                                                                                                                                              4.00
Asuransi Jangka Warsa                                  316.739             249.757            215.560                                              Term Insurance
Asuransi Jiwa Dwiguna                                  290.185             203.350            381.595                                     Endowment Insurance
                                                                                                                                                                              300.000                                                                                                                                              3.00
Asuransi Jiwa Seumur Hidup                             306.264              84.637             22.450                                       Whole Life Insurance
Asuransi Kesehatan                                     553.866             320.236            299.293                                            Health Insurance
                                                                                                                                                                              200.000                                                                                                                                              2.00
Asuransi Kecelakaan Diri                                     775              1.842              2.269                             Personal Accident Insurance
Asuransi Unit Link                                   1.232.252           1.750.857          2.727.890                                         Unit Link Insurance
                                                                                                                                                                              100.000                                                                                                                                              1.00
Total Pendapatan Premi Bruto                         2.700.081          2.610.679           3.649.057                            Total Gross Premium Income

                                                                                                                                                                                    0                                                                                                                                              -
                                                                                                                                                                                                      r    r    i           Jul l Ags Sep Okt t Nov Des                     r    r    i           Jul l Ags Sep Okt t Nov Des
                                                                                                                                                                                        Jann   Febb Ma r Ap r Me y   Junn                           v    c    Jann   Febb Ma r Ap r Me y   Junn                           v    c
                                                                                                                                                                                         Ja     Fe   Ma   Ap  Ma      Ju     Ju Aug Sep    Oc    No   De       Ja     Fe   Ma   Ap  Ma      Ju     Ju Aug Sep    Oc    No   De


                                                                                                                                                                                                                     2022                                                             2023
                                                                                                                                                                                                              Volume Perdagangan (Lembar Saham)                                Harga Penutupan (Rp)
                                                                                                                                                                                                              Trading Volume (Shares)                                          Closing Price (Rp)



Ikhtisar Saham
Share Highlights

                                                                                                                                                                          Aksi Korporasi dan Aktivitas
                     Harga                             Harga                 Volume                   Jumlah Saham yang
                                                                                                                                                                          Perdagangan Saham
                                    Harga                                                                                                  Kapitalisasi Pasar
 Periode
                   Tertinggi
                    Highest
                                  Terendah
                                                     Penutupan
                                                      Closing
                                                                           Perdagangan
                                                                         (Lembar Saham)
                                                                                                           Beredar
                                                                                                        (Lembar Saham)
                                                                                                                                                Market                    Corporate Actions and Stock Trading Activities
 Period                          Lowest Price                                                                                               Capitalization
                     Price                             Price             Trading Volume             Number of Shares Issued
                                     (Rp)                                                                                                        (Rp)
                      (Rp)                              (Rp)                 (Shares)                      (Shares)

                                                                           2023
                                                                                                                                                                          Pada tahun 2023, Perseroan tidak melakukan aksi korporasi,                         In 2023, the Company did not take any corporate actions, such
  Triwulan I
   Quarter I
                      6.500           5.175               5.775                    16.600                      2.100.000.000                12.127.500.000.000            seperti pemecahan saham, penggabungan saham, dividen                               as stock split, reverse stock, share dividend, bonus shares,
                                                                                                                                                                          saham, saham bonus, perubahan nilai nominal saham,                                 change in par value of shares, issuance of convertible securities,
 Triwulan II
                      6.275           5.550               6.150                    21.100                      2.100.000.000                12.915.000.000.000            penerbitan efek konversi, serta penambahan dan pengurangan                         and capital increase and decrease. In addition, the Company
  Quarter II
 Triwulan III                                                                                                                                                             modal. Selain itu, Perseroan tidak menerima sanksi berupa                          did not receive any sanctions in the form of suspension and/or
                      6.150           6.025               6.050                    39.800                      2.100.000.000                12.705.000.000.000
  Quarter III                                                                                                                                                             penghentian sementara perdagangan saham dan/atau                                   delisting from the Indonesia Stock Exchange.
Triwulan IV                                                                                                                                                               pembatalan pencatatan saham dari Bursa Efek Indonesia.
                      6.050           6.000               6.025                   144.900                      2.100.000.000                12.652.500.000.000
 Quarter IV
                                                                           2022
Triwulan I
                      6.200           5.125               5.125                    18.400                      2.100.000.000                10.762.500.000.000
Quarter I
Triwulan II
                      5.900           5.050               5.800                   223.000                      2.100.000.000                12.180.000.000.000

                                                                                                                                                                          Informasi Obligasi, Sukuk atau
Quarter II
Triwulan III
                      6.500           5.700               5.900                   222.300                      2.100.000.000                12.390.000.000.000
Quarter III
Triwulan IV
Quarter IV
                      6.475           5.175               5.175                 1.053.500                      2.100.000.000                10.867.500.000.000
                                                                                                                                                                          Obligasi Konversi
                                                                                                                                                                          Information on Bonds, Sukuk, or Convertible Bonds

                                                                                                                                                                          Hingga akhir tahun 2023, Perseroan tidak menerbitkan                               Until the end of 2023, the Company did not issue bonds, sukuk,
                                                                                                                                                                          obligasi, sukuk ataupun obligasi konversi.                                         or convertible bonds.




              PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                               PT MSIG Life Insurance Indonesia Tbk
12            Laporan Tahunan 2023                                                                                                                                                                                                                                                                 2023 Annual Report                  13
Page 9
         Kilas                                                                                                                                                                                                                                                   Performance
         Kinerja                                                                                                                                                                                                                                                   Highlights




Peristiwa Penting 2023
Significant Events in 2023




                                                                       11       FEBRUARI / FEBRUARY 2023                                                                                                           13       APRIL 2023

                                                                      Peresmian Agen Kantor Mandiri YDK Agency di Denpasar, Bali                                                                                  Peringatan 38 Tahun Perseroan di Indonesia dengan Meluncurkan
                                                                      (dikenal dengan nama AKM Smart Solution)                                                                                                    Program My Health Risk Score
                                                                      Inauguration of YDK Agency Independent Office Agent in Denpasar,                                                                            Celebrating 38 Years in Indonesia by Launching My Health Risk
                                                                      Bali (known as AKM Smart Solution)                                                                                                          Score Program
                                                                      Peresmian Agen Kantor Mandiri YDK Agency di Denpasar, Bali, sebagai                                                                         Perseroan bersama Remarks International memperkenalkan
                                                                      wujud komitmen Perseroan untuk mempermudah akses masyarakat                                                                                 My Health Risk Score sebagai situs pertama di Indonesia yang dapat
                                                                      dalam menjangkau layanan perlindungan asuransi jiwa melalui jalur                                                                           memprediksi risiko kesehatan secara personal dan dapat diakses oleh
                                                                      distribusi keagenan.                                                                                                                        seluruh masyarakat secara mudah dan gratis.
                                                                      The inauguration of YDK Agency Independent Office Agent in                                                                                  The Company with Remarks International introduces My Health Risk
                                                                      Denpasar, Bali, signifies the Company’s commitment to facilitating                                                                          Score as the first website in Indonesia that enables individuals to
                                                                      public access to life insurance protection services through agency                                                                          predict their personal health risks easily and for free for the entire
                                                                      distribution channels.                                                                                                                      community.




                                                                                                                                             11       MEI / MAY 2023

 27       FEBRUARI / FEBRUARY 2023
                                                                                                                                            Peluncuran Produk Baru Smart Maxi Assurance bersama
                                                                                                                                            Bank KB Bukopin
Peluncuran Produk Baru Sinarmas Maxi Life bersama Bank Sinarmas                                                                             Launch of New Product, namely Smart Maxi Assurance, with KB
Launch of new Sinarmas Maxi Life product with Bank Sinarmas                                                                                 Bukopin Bank
Perseroan bersama PT Bank Sinarmas Tbk (Bank Sinarmas)                                                                                      Perseroan bersama PT Bank KB Bukopin Tbk (KB Bukopin)
memperkenalkan produk baru yaitu Sinarmas Maxi Life sebagai solusi                                                                          memperkenalkan produk baru yaitu Smart Maxi Assurance sebagai
perencanaan finansial dengan perlindungan maksimal serta bebas dari                                                                         solusi perencanaan finansial yang memberikan proteksi pasti sebesar
kenaikan premi.                                                                                                                             100% uang pertanggungan.
The Company with PT Bank Sinarmas Tbk (Bank Sinarmas) introduces                                                                            The Company, together with PT Bank KB Bukopin Tbk (KB Bukopin),
a new product, namely Sinarmas Maxi Life, as a financial planning                                                                           introduces a new product called Smart Maxi Assurance as a financial
solution offering maximum protection while remaining free from                                                                              planning solution that provides guaranteed protection of 100% sum
premium increases.                                                                                                                          assured.




                                                                                                                                                                                                                   17       MEI / MAY 2023
                                                                       18       MARET / MARCH 2023
                                                                                                                                                                                                                  Peresmian Agen Kantor Mandiri YDK Group di Padang
                                                                                                                                                                                                                  Inauguration of YDK Group Independent Agency Office in Padang
                                                                      Peresmian Agen Kantor Mandiri Skystar Corporation Agency
                                                                                                                                                                                                                  Peresmian Agen Kantor Mandiri YDK Group di Padang, Sumatra Barat
                                                                      di Jakarta Barat
                                                                                                                                                                                                                  sebagai wujud komitmen Perseroan untuk mempermudah akses
                                                                      Inauguration of Mandiri Skystar Corporation Agency Office
                                                                                                                                                                                                                  masyarakat dalam menjangkau layanan perlindungan asuransi jiwa
                                                                      in West Jakarta
                                                                                                                                                                                                                  melalui jalur distribusi keagenan.
                                                                      Peresmian Agen Kantor Mandiri Skystar Corporation Agency di
                                                                                                                                                                                                                  Inauguration of YDK Independent Office Agent in Padang, West
                                                                      Soho Capital, Jakarta Barat sebagai wujud komitmen Perseroan
                                                                                                                                                                                                                  Sumatra, as a manifestation of the Company’s commitment to facilitate
                                                                      untuk mempermudah akses masyarakat dalam menjangkau layanan
                                                                                                                                                                                                                  public access to life insurance protection services through agency
                                                                      perlindungan asuransi jiwa melalui jalur distribusi keagenan.
                                                                                                                                                                                                                  distribution channels.
                                                                      Inauguration of Skystar Corporation Agency Independent Office Agent
                                                                      in Soho Capital, West Jakarta, as a manifestation of the Company’s
                                                                      commitment to facilitate public access to life insurance protection
                                                                      services through agency distribution channels.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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         Kinerja                                                                                                                                                                                                                                                                        Highlights




                                                                             23       MEI / MAY 2023                                                                                                                                    9       JUNI / JUNE 2023

                                                                            Peluncuran Produk Baru Sinarmas Optima Plus bersama Bank Sinarmas                                                                                        Peresmian Agen Kantor Mandiri Power of Business Multiplication di
                                                                            Launch of new Sinarmas Optima Plus product with Bank Sinarmas                                                                                            Kelapa Gading, Jakarta Utara
                                                                            Perseroan bersama PT Bank Sinarmas Tbk (Bank Sinarmas)                                                                                                   Inauguration of Power of Business Multiplication Independent
                                                                            memperkenalkan produk baru yaitu Sinarmas Optima Plus. Produk ini                                                                                        Office Agent in Kelapa Gading, North Jakarta
                                                                            merupakan Produk Asuransi yang Dikaitkan dengan Investasi (PAYDI)                                                                                        Peresmian Agen Kantor Mandiri PBM di Kelapa Gading, Jakarta Utara
                                                                            terbaru sesuai Surat Edaran Otoritas Jasa Keuangan No. 5/SEOJK.05/2022                                                                                   sebagai wujud komitmen Perseroan untuk mempermudah akses
                                                                            tentang yang menawarkan masa perlindungan hingga 100 tahun dengan                                                                                        masyarakat dalam menjangkau layanan perlindungan asuransi jiwa
                                                                            mekanisme pembayaran langsung.                                                                                                                           melalui jalur distribusi keagenan.
                                                                            The Company, together with PT Bank Sinarmas Tbk (Bank Sinarmas),                                                                                         The inauguration of the BPM Independent Office Agent in Kelapa
                                                                            introduced a new product called Sinarmas Optima Plus. This product is                                                                                    Gading, North Jakarta, is a manifestation of the Company’s commitment
                                                                            the latest Investment-Linked Insurance Product (PAYDI) in accordance                                                                                     to facilitate public access to life insurance protection services through
                                                                            with Financial Services Authority Circular Letter No. 5/SEOJK.05/2022,                                                                                   agency distribution channels.
                                                                            offering protection for up to 100 years with a direct payment
                                                                            mechanism.




                                                                                                                                                        27        JUNI / JUNE 2023
 23        MEI / MAY 2023
                                                                                                                                                       Penyelenggaraan RUPS Tahunan dan RUPS Luar Biasa
                                                                                                                                                       Annual GMS and Extraordinary GMS
Peresmian Agen Kantor Mandiri Infinity Lombok di
                                                                                                                                                       Perseroan menyelenggarakan RUPS Tahunan dan RUPS Luar Biasa di
Nusa Tenggara Barat
                                                                                                                                                       Sinarmas Land Plaza, Tower II, Lt. 39 Jl. MH Thamrin No. 51, Jakarta Pusat.
Inauguration of Infinity Lombok Independent Agency Office in
West Nusa Tenggara                                                                                                                                     The Company held the Annual GMS and Extraordinary GMS at Sinarmas
                                                                                                                                                       Land Plaza, Tower II, 39th floor, Jl. MH Thamrin No. 51, Jakarta Pusat.
Peresmian Agen Kantor Mandiri Infinity Lombok di Mataram,
Nusa Tenggara Barat sebagai wujud komitmen Perseroan untuk
mempermudah akses masyarakat dalam menjangkau layanan
perlindungan asuransi jiwa melalui jalur distribusi keagenan.
Inauguration of Infinity Lombok Independent Office Agent in Mataram,
West Nusa Tenggara, as a manifestation of the Company’s commitment
to facilitate public access to life insurance protection services through
agency distribution channels.



                                                                                                                                                                                                                                      14        JULI / JULY 2023

                                                                                                                                                                                                                                     Peluncuran Produk Baru Smart Flexi Optima Link bersama Bank BTN
                                                                             31       MEI / MAY 2023                                                                                                                                 Launch of New Product Smart Flexi Optima Link with Bank BTN
                                                                                                                                                                                                                                     Perseroan bersama PT Bank Tabungan Negara (Persero) (Bank BTN)
                                                                                                                                                                                                                                     memperkenalkan produk baru yaitu Smart Flexi Optima Link yang
                                                                            Peresmian Agen Kantor Mandiri New Prosper di Batam
                                                                                                                                                                                                                                     memberikan manfaat investasi yang optimal sekaligus proteksi
                                                                            Inauguration of New Prosper Independent Office Agent in Batam
                                                                                                                                                                                                                                     seumur hidup dan fitur yang fleksibel dengan mekanisme pembayaran
                                                                            Peresmian Agen Kantor Mandiri New Prosper di Batam sebagai wujud                                                                                         premi sekaligus. Produk ini merupakan PAYDI terbaru sesuai Surat
                                                                            komitmen Perseroan untuk mempermudah akses masyarakat dalam                                                                                              Edaran Otoritas Jasa Keuangan No. 5/SEOJK.05/2022 tentang yang
                                                                            menjangkau layanan perlindungan asuransi jiwa melalui jalur distribusi                                                                                   menawarkan masa perlindungan hingga 100 tahun dengan mekanisme
                                                                            keagenan.                                                                                                                                                pembayaran premi sekaligus.
                                                                            The inauguration of the New Prosper Independent Office Agent in                                                                                          The Company, together with PT Bank Tabungan Negara (Persero) (Bank
                                                                            Batam is a testament to the Company’s commitment to facilitate public                                                                                    BTN), introduced a new product called Smart Flexi Optima Link, which
                                                                            access to life insurance protection services through agency distribution                                                                                 provides optimal investment benefits along with lifelong protection
                                                                            channels.                                                                                                                                                and flexible features with a single premium payment mechanism. This
                                                                                                                                                                                                                                     product is the latest Investment-Linked Insurance Product (PAYDI) in
                                                                                                                                                                                                                                     accordance with Financial Services Authority Circular Letter No. 5/
                                                                                                                                                                                                                                     SEOJK.05/2022, offering protection for up to 100 years with a direct
                                                                                                                                                                                                                                     payment mechanism.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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                                                                         8       AGUSTUS / AUGUST 2023                                                                                                               11       OKTOBER / OCTOBER 2023

                                                                       Peresmian Agen Kantor Mandiri Optimis Yess di Surabaya                                                                                       Peluncuran resmi Aplikasi MyFit+
                                                                       Inauguration of Optimis Yess Independent Office Agent in Surabaya                                                                            Official launch of MyFit+ App
                                                                       Peresmian Agency Kantor Mandiri Optimis Yess di Gubeng, Surabaya                                                                             Perseroan resmi meluncurkan Aplikasi MyFit+ dengan fitur bio age
                                                                       sebagai pembukaan kantor keagenan ke-7 yang dilakukan Perseroan                                                                              yang mampu menghitung usia biologis nasabah sebagai komitmen
                                                                       sepanjang tahun 2023 dan merupakan kantor ke-5 yang beroperasi di                                                                            pemberian layanan untuk hidup yang lebih sehat.
                                                                       Surabaya, selaras dengan strategi bisnis dalam melakukan ekspansi di                                                                         The Company officially launched MyFit+ application with a bio age
                                                                       jalur distribusi keagenan.                                                                                                                   feature, which is able to calculate customers’ biological age as a
                                                                       The inauguration of the Optimis Yess Independent Office Agent                                                                                commitment to providing services for a healthier life.
                                                                       in Gubeng, Surabaya, marked the opening of the 7th agency office
                                                                       established by the Company throughout 2023 and is the 5th office
                                                                       operating in Surabaya, aligning with the Company’s business strategy
                                                                       to expand its agency distribution channels.




  6       SEPTEMBER 2023                                                                                                                        25       OKTOBER / OCTOBER 2023

Peluncuran Produk Baru Sinarmas Pension Plan bersama                                                                                           Peresmian Kegiatan Tanggung Jawab Sosial Perusahaan
Bank Sinarmas                                                                                                                                  Inauguration of Corporate Social Responsibility Activities
Launch of New Product Sinarmas Pension Plan with Bank Sinarmas                                                                                 Perseroan bersama PT Asuransi MSIG Indonesia (MSIG Indonesia)
Perseroan bersama PT Bank Sinarmas Tbk (Bank Sinarmas)                                                                                         melaksanakan Program Tanggung Jawab Sosial dengan melakukan
memperkenalkan produk baru yaitu Sinarmas Pension Plan yang                                                                                    transplantasi 100 media terumbu karang dan penanaman 100 pohon
menawarkan manfaat yang dijamin hingga 500% uang pertanggungan                                                                                 mangrove di Pulau Pramuka, Kepulauan Seribu.
dengan manfaat tahunan yang terus meningkat.                                                                                                   The Company, together with PT Asuransi MSIG Indonesia (MSIG
The Company, together with PT Bank Sinarmas Tbk (Bank Sinarmas),                                                                               Indonesia), conducted a Corporate Social Responsibility Program by
introduced a new product called Sinarmas Pension Plan, offering                                                                                transplanting 100 coral reefs and planting 100 mangrove trees on
guaranteed benefits of up to 500% of the sum insured with increasing                                                                           Pramuka Island, Thousand Islands.
annual benefits.




                                                                        19       SEPTEMBER 2023                                                                                                                      17       NOVEMBER 2023

                                                                       Penyelenggaraan Public Expose 2023                                                                                                           Perubahan Nama Perseroan
                                                                       Public Expo 2023                                                                                                                             Change of the Company’s Name
                                                                       Perseroan menyelenggarakan Public Expose 2023 dengan tema                                                                                    Perseroan resmi berganti nama dari PT Asuransi Jiwa Sinarmas MSIG Tbk
                                                                       ”Mempercepat Transformasi untuk Pertumbuhan Berkelanjutan” pada                                                                              menjadi PT MSIG Life Insurance Indonesia Tbk pada seluruh aspek
                                                                       tanggal 19 September 2023 di Sinarmas Land Plaza, Tower II, Lt. 39                                                                           operasional bisnis perusahaan. Perubahan nama ini akan resmi
                                                                       Jl. MH Thamrin No. 51, Jakarta Pusat.                                                                                                        diperkenalkan ke publik di masa mendatang.
                                                                       The Company organized the Public Expose 2023 with the theme                                                                                  The Company officially changed its name from PT Asuransi Jiwa
                                                                       “Accelerating Transformation for Sustainable Growth” on September                                                                            Sinarmas MSIG Tbk to PT MSIG Life Insurance Indonesia Tbk in all
                                                                       19, 2023, at Sinarmas Land Plaza, Tower II, Lt. 39 Jl. MH Thamrin No.                                                                        aspects of the Company’s business operations. This name change will
                                                                       51, Jakarta Pusat.                                                                                                                           be formally introduced to the public in the future.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                       PT MSIG Life Insurance Indonesia Tbk
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                                              Laporan
                                            Manajemen
                                            Management Reports




                                                               02
     PT MSIG Life Insurance Indonesia Tbk       PT MSIG Life Insurance Indonesia Tbk
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        Manajemen                                                                                                                                                                             Report




Laporan
Dewan Komisaris
Board of Commissioners’ Report

                                                                                                                                          Indra Widjaja
                                                                                                                                           Presiden Komisaris
                                                                                                                                      President Commissioner
Para Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,


Puji serta syukur dipanjatkan kepada Tuhan Yang Maha Esa         Praise and gratitude are offered to God Almighty for all
atas segala pencapaian dan keberhasilan yang dapat diraih PT     the achievements and successes attained by PT MSIG Life
MSIG Life Insurance Indonesia Tbk selama tahun 2023. Melalui     Insurance Indonesia Tbk throughout 2023. Through this report,
laporan ini, Dewan Komisaris Perseroan menyajikan hasil          the Company’s Board of Commissioners presents the results
pengawasan yang dilakukan secara independen, cermat, dan         of supervision conducted independently, diligently, and in
sesuai dengan prinsip-prinsip tata kelola perusahaan yang baik   accordance with the principles of good corporate governance
(good corporate governance/GCG) atas pengelolaan Perseroan       (GCG) over the management of the Company carried out
yang dijalankan Direksi selama tahun buku 2023. Laporan ini      by the Board of Directors during the 2023 fiscal year. This
mencakup evaluasi terhadap implementasi strategi, penilaian      report encompasses an evaluation of the implementation
terhadap kinerja Direksi, pandangan atas prospek usaha yang      of strategies, an assessment of the Board of Directors’
disusun oleh Direksi, serta pandangan atas penerapan tata        performance, insights into business prospects compiled by the
kelola perusahaan. Secara ringkas, hasil pengawasan tersebut     Board of Directors, as well as views on the implementation of
disampaikan sebagaimana berikut.                                 corporate governance. In summary, the supervision results are
                                                                 presented as follows.



Kondisi Makroekonomi dan Industri                                Macroeconomic and Insurance Industry
Asuransi Tahun 2023                                              Conditions in 2023

Perkembangan makroekonomi global tahun 2023 diwarnai             The global macroeconomic landscape in 2023 was characterized
dengan berbagai dinamika yang kompleks dan beragam               by complex and diverse dynamics, resulting in a slowdown in
sehingga memengaruhi tingkat pertumbuhan ekonomi                 economic growth compared to the previous years. This trend
yang melambat dibandingkan tahun sebelumnya. Tren ini            was driven by various global factors, including commodity
dipicu oleh sejumlah faktor global, termasuk fluktuasi harga     price fluctuations and ongoing geopolitical tensions that
komoditas dan ketegangan geopolitik yang terus berlanjut         affected supply chains and the growth of key economic
dan berdampak terhadap rantai pasokan juga pertumbuhan           sectors. Additionally, financial volatility persisted, with global
sektor-sektor ekonomi utama. Selain itu, volatilitas keuangan    financial markets experiencing unpredictable movements due
juga terus berlanjut dengan pasar keuangan global yang           to investor uncertainty and changing sentiments. The trend
mengalami pergerakan tidak terduga akibat dari ketidakpastian    of rising global interest rates also drew significant attention,
dan perubahan sentimen investor. Tren kenaikan suku bunga        as several major central banks worldwide began raising
global juga menjadi sorotan utama, di mana beberapa bank         interest rates to control rising inflation, potentially leading
sentral utama di dunia mulai menaikkan suku bunga guna           to increased borrowing and investment costs across various
mengendalikan inflasi yang meningkat, sehingga dapat             economic sectors.
berdampak pada meningkatnya biaya pinjaman dan investasi
di berbagai sektor ekonomi.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                  PT MSIG Life Insurance Indonesia Tbk
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Di tengah tantangan tersebut, perekonomian nasional               Amidst these challenges, the national economy showed                yang lebih menitikberatkan pada pelayanan yang berkualitas      protection, rather than solely focusing on profitability
menunjukkan kinerja yang baik dengan pertumbuhan ekonomi          resilience with relatively stable economic growth. The              dan perlindungan yang optimal bagi nasabah, daripada            enhancement. Significant business development costs
yang relatif stabil. Ketahanan perekonomian nasional tersebut     resilience of the national economy was attributed to proactive      semata-mata fokus pada peningkatan profitabilitas. Biaya        also represent long-term investments in building a robust
tidak terlepas dari langkah-langkah kebijakan ekonomi             economic policy measures by the government, including               pengembangan bisnis yang signifikan juga merupakan investasi    fundamental structure to ensure sustainable future growth.
yang proaktif dari pemerintah, termasuk stimulus fiskal dan       fiscal and monetary stimulus aimed at supporting the growth         jangka panjang dalam membangun struktur fundamental yang        This demonstrates the Board of Directors’ long-term vision
moneter yang bertujuan untuk mendukung pertumbuhan                of domestic industries. Furthermore, policies focusing on           kokoh untuk memastikan pertumbuhan yang berkelanjutan di        and commitment to creating long-term value for the Company
sektor-sektor industri dalam negeri. Selain itu, kebijakan yang   economic recovery and financial stability helped maintain           masa depan. Hal ini menunjukkan visi dan komitmen jangka        and other stakeholders.
berfokus pada pemulihan ekonomi dan stabilitas keuangan           national economic resilience amidst global uncertainty.             panjang dari Direksi dalam membangun nilai jangka panjang
juga membantu menjaga ketahanan ekonomi nasional di               Despite challenges, such as rising inflation and financial market   bagi Perseroan dan pemangku kepentingan lainnya.
tengah ketidakpastian global. Meskipun terdapat tantangan,        volatility, government efforts to implement appropriate
seperti inflasi yang meningkat dan volatilitas pasar keuangan,    policies have kept Indonesia’s economic growth stable amid          Sehubungan dengan hal tersebut, Dewan Komisaris juga            In this regard, the Board of Commissioners also appreciates
upaya pemerintah dalam mengimplementasikan kebijakan              dynamic global conditions.                                          mengapresiasi komitmen dan upaya yang ditunjukkan Direksi       the commitment and efforts demonstrated by the Board
yang tepat mampu menjaga pertumbuhan ekonomi Indonesia                                                                                dalam pencapaian rencana jangka menengah dan panjang            of Directors in achieving the medium and long-term plan
tetap stabil dalam kondisi global yang dinamis.                                                                                       “GREAT 2025” di tengah ketidakpastian dan tantangan yang        “GREAT 2025” amidst uncertainty and challenges, while
                                                                                                                                      dihadapi tanpa mengabaikan kepatuhan terhadap peraturan         ensuring compliance with applicable regulations through the
Namun demikian, volatilitas keuangan dan tren kenaikan            However, financial volatility and the ongoing trend of rising       yang berlaku melalui kelanjutan transformasi 3 pilar utama,     continuation of the transformation of the three main pillars,
suku bunga yang berlangsung tahun 2023 turut menekan              interest rates in 2023 also affected the development of             yaitu:                                                          namely:
perkembangan industri asuransi nasional. Meskipun                 national insurance industry. While demand for insurance             1. Expand to Grow dengan melakukan perluasan segmen             1. Expand to Grow by expanding the retail customer
permintaan akan produk asuransi terus meningkat karena            products continued to increase due to higher awareness of               nasabah retail yang mengembangkan perluasan bisnis              segment and developing business expansion through
kesadaran akan perlindungan finansial yang lebih tinggi,          financial protection, rising claim costs could reduce profit            melalui kanal distribusi yang tersedia dan memulai              available distribution channels, and initiating rebranding
peningkatan biaya klaim dapat mengurangi margin                   margins. Furthermore, global financial market volatility                implementasi rebranding dengan memperkenalkan nama,             implementation by introducing the new name, logo, and
keuntungan. Selain itu, volatilitas pasar keuangan global         and economic uncertainty were factors influencing the                   logo, dan alamat Kantor Pusat Perseroan yang baru untuk         address of the Company’s Headquarters to strengthen the
dan ketidakpastian ekonomi juga menjadi faktor yang               performance of insurance industry, demanding more effective             memperkuat komitmen pelayanan dan perlindungan                  commitment to customer service and protection;
mempengaruhi kinerja industri asuransi, sehingga menuntut         risk management strategies to maintain business stability and           kepada nasabah;
strategi manajemen risiko yang lebih efektif untuk menjaga        future growth.                                                      2. Excellent Services & Support dengan terus meningkatkan       2. Excellent Services & Support by continuously improving the
stabilitas dan pertumbuhan bisnis di masa yang akan datang.                                                                               efisiensi proses bisnis dan operasional yang terus             efficiency of business and operational processes through
                                                                                                                                          dikembangkan      melalui   berbagai     pengembangan          various advanced and new application developments and
                                                                                                                                          aplikasi lanjutan maupun baru serta data analisis untuk        data analysis to enhance service quality and interaction
Penilaian terhadap Kinerja Direksi                                Assessment of the Board of Directors’                                   meningkatkan kualitas layanan dan interaksi dengan             with customers; and
                                                                  Performance                                                             nasabah; serta
                                                                                                                                      3. Solid Financial & Governance dengan melakukan optimasi       3. Solid Financial & Governance by optimizing investment
Walaupun berada di tengah situasi dan kondisi ekonomi global      Despite global economic uncertainties, the Board of                     penempatan portofolio investasi agar mencapai angka            portfolio placements to achieve maximum financial figures
yang belum stabil dan masih menunjukkan ketidakpastian,           Commissioners acknowledges the effective management                     finansial yang maksimal disertai dengan penguatan              and strengthening governance and risk management to
Dewan      Komisaris    memandang       bahwa    pengelolaan      by the Board of Directors in ensuring business sustainability           tata kelola dan manajemen risiko agar dapat tumbuh             achieve sustainable growth.
Perseroan yang dijalankan Direksi telah berhasil memastikan       even though some performance indicators were experiencing               berkelanjutan.
keberlanjutan bisnis berjalan dengan baik meskipun beberapa       declines. Through adaptive and strategic measures, the Board
indikator mengalami penurunan kinerja. Melalui langkah-           of Directors has successfully anticipated highly dynamic            Dewan Komisaris memandang bahwa kinerja Direksi dalam           The Board of Commissioners assessed that the Board of
langkah yang adaptif dan strategis, Direksi dinilai telah         market conditions, maintained operational stability, and            menggerakkan implementasi strategi ini menunjukkan visi         Directors’ performance in driving the implementation of these
mampu mengantisipasi kondisi pasar yang sangat dinamis,           enhanced value addition to the Company. This reflects the           yang jelas, adaptabilitas terhadap perubahan pasar, dan fokus   strategies demonstrates clear vision, adaptability to market
mempertahankan stabilitas operasional, serta meningkatkan         solid performance and strong commitment of the Board of             pada pertumbuhan berkelanjutan jangka menengah dan              changes, and focus on the Company’s medium and long-term
nilai tambah bagi Perseroan. Hal ini mencerminkan kinerja yang    Directors in facing challenges and seizing opportunities in the     panjang Perseroan.                                              sustainable growth.
solid dan komitmen yang kuat dari Direksi dalam menghadapi        evolving business environment. The assessment by the Board
tantangan dan peluang yang ada di lingkungan bisnis yang          of Commissioners is based on pre-determined indicators,
terus berkembang. Penilaian Dewan Komisaris ini mengacu           including financial aspects, operational performance, and           Pengawasan terhadap Implementasi                                Oversight of Strategy Implementation
pada indikator-indikator yang telah disusun sebelumnya,           other sustainability-related factors concerning the Company’s       Strategi
seperti aspek finansial, operasional, dan aspek lainnya yang      long and medium-term business activities.
berhubungan dengan keberlanjutan kegiatan usaha Perseroan                                                                             Implementasi strategi-strategi bisnis dalam menggapai           The implementation of business strategies in achieving
dalam jangka menengah maupun panjang.                                                                                                 “GREAT 2025” juga tidak terlepas dari pengawasan yang           “GREAT 2025” cannot be separated from the careful
                                                                                                                                      cermat dari Dewan Komisaris. Implementasi strategi-strategi     supervision of the Board of Commissioners. Key strategies of
Berdasarkan hasil penilaian yang dilakukan, Dewan Komisaris       Based on the assessment results, the Board of Commissioners         kunci Perseroan, termasuk langkah-langkah penting, seperti      the Company, including critical initiatives such as rebranding
mengapresiasi komitmen Direksi dalam menjalankan                  appreciates the Board of Directors’ commitment to fulfilling        rebranding dan pemisahan Unit Syariah menjadi salah satu        and the spin-off of Sharia Unit, have been a focus of the Board
pemenuhan kewajiban kepada seluruh pemangku kepentingan,          obligations to all stakeholders, especially customers, as           fokus pengawasan Dewan Komisaris sepanjang tahun. Terkait       of Commissioners’ oversight throughout the year. Regarding
terutama kepada nasabah, sebagai bukti nyata fokus                tangible evidence of the Company’s focus on providing               dengan program rebranding, Dewan Komisaris mendukung            the rebranding program, the Board of Commissioners fully
Perseroan untuk memberikan proteksi finansial yang prima.         excellent financial protection. Although the Company’s profit       sepenuhnya upaya Direksi tersebut sebagai salah satu            supports the Board of Directors’ efforts as a strategic step
Meskipun pada tahun 2023 pencapaian profit Perseroan lebih        achievement was lower in 2023, it also reflects the Company’s       langkah strategis untuk meningkatkan nilai brand “MSIG Life”    to enhance “MSIG Life” brand value in the eyes of wider
rendah, namun hal ini juga mencerminkan kebijakan Perseroan       policy emphasizing quality service and optimal customer             di mata masyarakat luas, khususnya para nasabah. Dewan          community, especially customers. The Board of Commissioners




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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Komisaris juga melakukan pengawasan atas implementasi              also oversees the implementation of this strategy, including      sesuai dengan prinsip-prinsip GCG, yaitu perilaku beretika,     principles of GCG, including ethical behavior, accountability,
strategi tersebut, meliputi evaluasi terhadap perencanaan,         evaluating the planning, execution, and outcomes of the           akuntabilitas, transparansi, dan keberlanjutan. Pemahaman       transparency, and sustainability. A profound understanding of
pelaksanaan, dan hasil dari rebranding, serta pengukuran           rebranding, as well as measuring the level of brand awareness     yang mendalam terhadap penerapan GCG juga mendorong             GCG implementation also drives the Board of Commissioners
terhadap tingkat brand awareness dan kepuasan nasabah              and customer satisfaction with the changes made. The Board        Dewan Komisaris untuk terus melakukan evaluasi terhadap         to continuously evaluate existing policies to ensure that
terhadap perubahan yang dilakukan. Dewan Komisaris                 of Commissioners believes that this step can strengthen the       kebijakan-kebijakan yang ada, guna memastikan bahwa             the Company remains relevant and responsive to evolving
meyakini langkah ini dapat memperkuat persepsi Perseroan           perception of the Company as a trusted partner in insurance       Perseroan tetap relevan dan responsif terhadap perubahan        business environments and regulations.
sebagai mitra terpercaya dalam layanan asuransi.                   services.                                                         lingkungan bisnis dan regulasi yang terus berkembang.


Selain itu, pengawasan yang intensif juga dilakukan terhadap       Moreover, intensive supervision is also conducted during          Berdasarkan hasil pengawasan yang dilakukan, Dewan              Based on the results of the supervision carried out, the Board of
proses pemisahan Unit Syariah. Perseroan telah mengirimkan         the spin-off of Sharia Unit. The Company has submitted the        Komisaris memberikan pandangan yang positif terhadap            Commissioners provides a positive view of the implementation
Rencana Kerja Pemisahan kepada OJK sesuai dengan regulasi          Separation Work Plan to the Financial Services Authority          penerapan GCG yang telah dijalankan oleh Perseroan.             of GCG that has been carried out by the Company. The Board of
yang berlaku dan telah berkomunikasi secara intensif dengan        (OJK) in accordance with applicable regulations and has           Dewan Komisaris melihat bahwa Perseroan telah                   Commissioners observes that the Company has implemented
regulator untuk persiapan eksekusinya. Dewan Komisaris             been in intensive communication with regulators to prepare        mengimplementasikan praktik-praktik tata kelola yang            good governance practices, including the establishment
memastikan bahwa proses pemisahan Unit Syariah dilakukan           its execution. The Board of Commissioners ensures that the        baik, termasuk pembentukan komite-komite yang efektif,          of effective committees, transparency in financial and
dengan cermat, sesuai dengan ketentuan hukum dan                   process of separating Sharia Unit is carried out carefully,       transparansi dalam pelaporan keuangan dan operasional, serta    operational reporting, and active engagement in ensuring
peraturan yang berlaku, serta memastikan bahwa seluruh             in compliance with legal provisions and regulations, and          keterlibatan aktif dalam memastikan kepatuhan terhadap          compliance with applicable regulations. This is reflected in the
pihak terkait, termasuk nasabah dan pemangku kepentingan           ensures that all relevant parties, including customers and        regulasi yang berlaku. Hal ini tercermin dalam kualitas         Company’s clear, detailed, and standards-compliant reporting
lainnya, mendapat informasi yang jelas dan transparan              other stakeholders, receive clear and transparent information     pelaporan Perseroan yang jelas, terperinci, dan sesuai dengan   quality, as well as efforts to ensure that every strategic and
mengenai perubahan ini. Dengan pengawasan yang teliti dan          about this change. With meticulous and proactive supervision      standar, serta upaya yang dilakukan untuk memastikan bahwa      operational decision is based on good governance principles.
proaktif terhadap implementasi strategi ini, Dewan Komisaris       over the implementation of these strategies, the Board of         setiap keputusan strategis dan operasional didasarkan pada
berupaya untuk memastikan bahwa seluruh langkah yang               Commissioners strives to ensure that all steps taken by the       prinsip-prinsip tata kelola yang baik.
diambil oleh Perseroan sesuai dengan visi, misi, dan nilai-nilai   Company align with the vision, mission, and values established,
yang telah ditetapkan, serta memberikan manfaat maksimal           and provide maximum benefits to all stakeholders.                 Dewan Komisaris juga mengapresiasi komitmen Perseroan           The Board of Commissioners also appreciates the Company’s
bagi seluruh pemangku kepentingan.                                                                                                   dalam menjaga integritas, transparansi, dan akuntabilitas       commitment to maintaining the integrity, transparency, and
                                                                                                                                     Perseroan dalam setiap aspek bisnis. Dewan Komisaris            accountability of the Company in every aspect of its business.
                                                                                                                                     memandang bahwa penerapan GCG tidak hanya menjadi               The Board of Commissioners views that the implementation
Frekuensi dan Cara Pemberian Nasihat                               Frequency and Method of Providing                                 keharusan dalam mengelola risiko dan memastikan                 of GCG is not only a necessity in managing risks and ensuring
kepada Direksi                                                     Advice to the Board of Directors                                  keberlangsungan bisnis, tetapi juga merupakan fondasi yang      business continuity but also a strong foundation for building
                                                                                                                                     kuat dalam membangun kepercayaan dengan para pemangku           trust with stakeholders, including shareholders, customers,
Selain melakukan pengawasan, Dewan Komisaris juga                  In addition to supervision, the Board of Commissioners also       kepentingan, termasuk Pemegang Saham, nasabah, dan              and the general public. Thus, the Board of Commissioners’
menjalankan tugas dan tanggung jawab dalam memberikan              fulfills its duty to provide advice to the Board of Directors     masyarakat secara umum. Dengan demikian, pandangan              view emphasizes that effective implementation of GCG has
nasihat kepada Direksi melalui frekuensi dan cara yang             through tailored frequencies and methods adapted to the           Dewan Komisaris menegaskan bahwa penerapan GCG yang             become one of the Company’s key strengths in conducting
disesuaikan dengan kebutuhan dan kompleksitas situasi yang         needs and complexities of the Company’s situations. Regular       efektif telah menjadi salah satu kekuatan utama Perseroan       business responsibly and sustainably.
dihadapi oleh Perseroan. Pertemuan reguler antara Dewan            meetings between the Board of Commissioners and Board of          dalam menjalankan bisnis secara bertanggung jawab dan
Komisaris dan Direksi dijadwalkan secara berkala melalui           Directors are scheduled periodically through joint sessions       berkelanjutan.
rapat gabungan yang memungkinkan untuk diskusi mendalam            that allow in-depth discussions on various strategic and
mengenai berbagai aspek strategis dan operasional bisnis           operational aspects of the Company’s business. Moreover,
Perseroan. Selain itu, Dewan Komisaris juga dapat memberikan       the Board of Commissioners may also provide informal              Penilaian Kinerja Komite Pendukung                              Performance Assessment of the Board of
nasihat secara informal melalui komunikasi langsung dengan         advice through direct communication with the Board of             Dewan Komisaris                                                 Commissioners’ Supporting Committees
Direksi, baik melalui pertemuan tatap muka maupun melalui          Directors, both through face-to-face meetings or electronic
saluran komunikasi elektronik, terutama dalam situasi-             communication channels, especially in urgent situations           Efektivitas pelaksanaan tugas dan tanggung jawab Dewan          The effectiveness of implementation of the Board of
situasi mendesak atau keputusan strategis yang memerlukan          or strategic decisions requiring swift consideration. This        Komisaris tidak terlepas dari dukungan komite-komite            Commissioners’ duties and responsibilities is inseparable from
pertimbangan cepat. Pendekatan ini memastikan bahwa                approach ensures that the advice provided by the Board of         pendukung, yaitu dari Komite Audit, Komite Nominasi dan         the assistance of supporting committees, namely the Audit
nasihat yang diberikan oleh Dewan Komisaris dapat bersifat         Commissioners is proactive, timely, and relevant to the actual    Remunerasi, Komite Pemantau Risiko, serta Komite Kebijakan      Committee, Nomination and Remuneration Committee, Risk
proaktif, tepat waktu, dan relevan dengan kondisi aktual           conditions faced by the Company, thus contributing positively     Tata Kelola Perusahaan. Dewan Komisaris memandang               Monitoring Committee, and Corporate Governance Policy
yang dihadapi oleh Perseroan, sehingga dapat memberikan            to strategic decision-making and effective risk management.       bahwa komite-komite tersebut telah berperan efektif dalam       Committee. The Board of Commissioners assessed that these
kontribusi positif terhadap pengambilan keputusan strategis                                                                          memperkuat efektivitas pengawasan dan pengambilan               committees have played an effective role in strengthening the
dan pengelolaan risiko secara efektif.                                                                                               keputusan Dewan Komisaris. Selain itu, masing-masing komite     effectiveness of the Board of Commissioners’ supervision and
                                                                                                                                     juga telah menjalankan tugas dan tanggung jawabnya dengan       decision making. Additionally, each committee has performed
                                                                                                                                     baik, termasuk mengaudit keuangan, menangani nominasi dan       its duties and responsibilities well, including auditing finances,
Pandangan terhadap Penerapan Tata Kelola                           Views on the Implementation of Good and                           remunerasi, memantau risiko, dan mengembangkan kebijakan        handling nominations and remunerations, monitoring risks,
Perusahaan yang Baik dan Berkelanjutan                             Sustainable Corporate Governance                                  tata kelola. Dukungan yang konsisten dari komite-komite ini     and developing governance policies. Consistent support from
                                                                                                                                     telah menjadi pilar utama dalam memastikan kinerja yang         these committees has been a key pillar in ensuring the quality
Dewan Komisaris memandang bahwa penerapan GCG                      The Board of Commissioners assessed that the implementation       berkualitas dari Dewan Komisaris.                               of the performance of the Board of Commissioners.
merupakan aspek penting yang mencerminkan komitmen                 of GCG as an essential aspect reflecting the Company’s
Perseroan dalam menjalankan praktik-praktik bisnis                 commitment to conducting business practices in line with the




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                       PT MSIG Life Insurance Indonesia Tbk
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Pandangan atas Prospek Usaha                                       Views on Business Prospects                                                                   Nama                                                             Jabatan
                                                                                                                                                                 Name                                                             Position
Dewan Komisaris mengamati bahwa tahun 2024 akan                    The Board of Commissioners observes that 2024 will be                                                                                                      Presiden Komisaris
                                                                                                                                                              Indra Widjaja
dihadapkan pada berbagai tantangan, baik dari faktor eksternal     confronted with various challenges, both external factors,                                                                                               President Commissioner
seperti gejolak geopolitik yang meningkat, risiko stagflasi, dan   such as increased geopolitical turmoil, stagflation risks,                                                                                                     Komisaris
                                                                                                                                                             Toshinari Tokoi
tingginya tingkat inflasi global maupun dari faktor internal       and high global inflation rates, and internal factors, namely                                                                                                Commissioner

seperti penerapan regulasi baru PSAK 74, Undang-Undang             implementation of new accounting regulations PSAK 74,                                                                                                          Komisaris
                                                                                                                                                            Hideaki Nomura
                                                                                                                                                                                                                                Commissioner
Pengembangan dan Penguatan Sektor Keuangan (UU P2SK),              Financial Sector Development and Strengthening Act (UU
                                                                                                                                                                                                                            Komisaris Independen
kewajiban spin-off syariah, kenaikan modal minimum, serta          P2SK), sharia spin-off obligations, minimum capital increases,                        Ardhayadi Mitroatmodjo
                                                                                                                                                                                                                         Independent Commissioner
rendahnya tingkat literasi dan inklusi masyarakat. Meski           and low levels of societal literacy and inclusion. Nonetheless,                                                                                          Komisaris Independen
                                                                                                                                                            Sidharta Akmam
demikian, Dewan Komisaris menyimpulkan bahwa Direksi               the Board of Commissioners concludes that the Board of                                                                                                Independent Commissioner
telah secara serius menyusun rencana pengembangan bisnis           Directors had seriously prepared a solid business development                                                                                            Komisaris Independen
                                                                                                                                                       Nazly Parlindungan Siregar
yang solid dengan berdasarkan pada berbagai asumsi dan             plan based on various assumptions and careful considerations.                                                                                         Independent Commissioner
pertimbangan yang matang.


Dewan Komisaris optimis bahwa Perseroan akan tetap                 The Board of Commissioners is optimistic that the Company
berhasil mencapai pertumbuhan yang diharapkan di tahun             will continue to achieve the expected growth in 2024. This        Apresiasi                                                          Appreciation
2024. Optimisme ini didukung dengan pandangan Dewan                optimism is supported by the Board of Commissioners’ view
Komisaris akan komitmen pemerintah dan regulator dalam             of the government and regulators’ commitment to developing        Menutup laporan kali ini, Dewan Komisaris menyampaikan             Concluding this report, the Board of Commissioners would like
mengembangkan sektor keuangan, termasuk industri                   the financial sector, including the insurance industry, for       terima kasih kepada Direksi dan segenap insan Perseroan            to thank the Board of Directors and all Company personnel for
asuransi, untuk pertumbuhan yang berkelanjutan. Potensi            sustainable growth. The potential growth of life insurance        atas komitmen dan dedikasi dalam menjalankan tugas dan             their commitment and dedication in carrying out their duties
pertumbuhan asuransi jiwa di Indonesia juga masih sangat           in Indonesia is still substantial, considering the wide-open      tanggung jawab serta upaya-upaya yang dilakukan untuk              and responsibilities as well as the efforts made to ensure
besar, mengingat pasar yang masih terbuka luas, tingkat            market, low penetration rates, and demographic bonuses            memastikan kesuksesan dan pertumbuhan Perseroan di                 the Company’s success and growth in the future. We also
penetrasi yang masih rendah, dan bonus demografi yang akan         expected in the coming two decades, providing a foundation        masa yang akan datang. Ucapan terima kasih juga ditujukan          would like to thank the Shareholders, customers, regulators,
terjadi dalam dua dekade mendatang, memberikan landasan            for optimism for the future of this industry.                     kepada Pemegang Saham, nasabah, regulator, dan pemangku            and other stakeholders for their crucial trust and support in
optimisme bagi masa depan industri ini.                                                                                              kepentingan lainnya atas kepercayaan dan dukungan yang             the advancement of the Company. May the well-established
                                                                                                                                     sangat penting bagi kemajuan Perseroan. Semoga kerja sama          collaboration continue to be nurtured and enhanced, enabling
Dalam memaksimalkan momentum tersebut, Dewan                       In maximizing this momentum, the Board of Commissioners           yang telah terjalin dengan baik selama ini dapat senantiasa        the Company to thrive and provide optimal value to all parties
Komisaris mendorong Perseroan untuk melakukan percepatan           encourages the Company to accelerate transformation in            dirawat dan ditingkatkan, sehingga Perseroan dapat terus           involved. With a spirit of collaboration and shared commitment,
transformasi dalam berbagai aspek, seperti strategi, teknologi,    various aspects, such as strategy, technology, and operations.    berkembang dan memberikan nilai tambah yang optimal                the Company is optimistic about facing challenges effectively
dan operasional. Hal ini untuk memastikan Perseroan dapat          This is to ensure that the Company is able to continuously        bagi semua pihak yang terlibat. Dengan semangat kolaborasi         and achieving even more significant milestones in the future.
senantiasa menjaga pertumbuhan bisnis dalam pasar industri         maintain its business growth in the dynamic and competitive       dan komitmen bersama, Perseroan optimis akan mampu
asuransi jiwa yang dinamis dan kompetitif. Beberapa aspek          life insurance industry market. Some aspects that the Board of    menghadapi setiap tantangan dengan baik dan meraih
yang menjadi perhatian Dewan Komisaris untuk dapat                 Commissioners are focusing on for future implementation by        pencapaian yang lebih gemilang di masa depan.
diimplementasikan Direksi ke depan, antara lain memperluas         the Board of Directors include expanding retail business reach
jangkauan bisnis retail melalui kanal distribusi yang ada dan      through existing distribution channels and developing new
pengembangan kanal distribusi digital baru, menyiapkan             digital distribution channels, preparing rebranding programs
program-program rebranding untuk mendapatkan umpan                 to gain maximum feedback, enhancing product value through                                                           Atas nama Dewan Komisaris
balik yang maksimal, meningkatkan nilai produk melalui             in-depth analysis, addressing the implementation of PSAK                                                       On behalf of the Board of Commissioners
analisis yang mendalam, menghadapi implementasi PSAK               74 and Sharia Business Unit spin-offs, developing a digital                                                     PT MSIG Life Insurance Indonesia Tbk,
74 dan pemisahan Unit Bisnis Syariah, mengembangkan                ecosystem and organizational structure for a better customer
ekosistem digital dan struktur organisasi untuk pengalaman         experience, and strengthening internal controls and risk
pelanggan yang lebih baik, serta memperkuat pengendalian           management for sustainable business growth.
internal dan manajemen risiko untuk pertumbuhan bisnis yang
berkelanjutan.



Perubahan Komposisi Anggota                                        Changes in the Board of Commissioners’                                                                                    Indra Widjaja
Dewan Komisaris                                                    Composition                                                                                                              Presiden Komisaris
                                                                                                                                                                                          President Commissioner
Sepanjang tahun 2023, tidak terdapat perubahan terkait             Throughout 2023, there were no changes in the composition
komposisi anggota Dewan Komisaris Perseroan. Komposisi             of the Company’s Board of Commissioners. The current
Dewan Komisaris yang menjabat saat ini meliputi:                   composition of the Board of Commissioners is as follows:




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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Laporan
Direksi
Board of Directors’ Report

                                                                                                                                        Wianto
                                                                                                                                  Presiden Direktur
                                                                                                                                 President Director
Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,


Puji serta syukur disampaikan kepada Tuhan Yang Maha Esa        Praises and gratitude are conveyed to the God Almighty for all
atas segala pencapaian Perseroan sepanjang tahun 2023           the achievements of the Company throughout the challenging
yang penuh tantangan dan dinamika. Gejolak makroekonomi         and dynamic year of 2023. Global macroeconomic fluctuations,
global, perubahan regulasi, dan berbagai faktor lainnya yang    regulatory changes, and various other factors that unfolded
berkembang di sepanjang tahun 2023 telah memengaruhi            throughout 2023 have influenced the Company’s business
sudut pandang bisnis Perseroan. Namun demikian, dengan          outlook. However, with strong commitment, resilience, and
komitmen yang kuat, ketangguhan, dan strategi yang tepat,       appropriate strategies, the Company managed to mitigate
Perseroan berhasil mengurangi potensi risiko dan menjaga        potential risks and maintain business continuity in line with
kesinambungan bisnis tetap sejalan dengan rencana jangka        medium and long-term plans. On this auspicious occasion,
menengah dan panjang. Pada kesempatan yang baik ini,            the Board of Directors of the Company presents significant
Direksi Perseroan menyampaikan pencapaian-pencapaian            achievements, future strategies, commitments to good and
penting, strategi ke depan, komitmen terhadap tata kelola       sustainable corporate governance, and the Company’s vision
perusahaan yang baik dan berkelanjutan, serta visi Perseroan    for the future. It is expected that this report will provide a
untuk masa yang akan datang. Harapannya, laporan ini dapat      deeper understanding of the Company’s journey during 2023
memberikan pemahaman yang lebih mendalam tentang                and instill confidence among all stakeholders about the bright
perjalanan Perseroan selama tahun 2023, serta memberikan        prospects that lie ahead.
keyakinan kepada seluruh pemangku kepentingan tentang
prospek yang cerah yang menanti di masa mendatang.



Kondisi Makroekonomi dan Industri                               Macroeconomic and Insurance Industry
Asuransi Tahun 2023                                             Conditions in 2023

Ketegangan      geopolitik   yang    berkepanjangan     serta   Prolonged geopolitical tensions and increased financial
meningkatnya volatilitas keuangan menyebabkan ruang             volatility have hindered global economic growth space and
pertumbuhan perekonomian global terhambat dan                   created significant challenges for various economic sectors
menciptakan tantangan yang signifikan bagi berbagai sektor      worldwide. Additionally, economic uncertainties prevalent in
ekonomi di seluruh dunia. Selain itu, ketidakpastian ekonomi    almost all countries have also affected international trade,
yang timbul di hampir seluruh dunia juga memengaruhi            disrupting supply chains, which triggered commodity price
perdagangan      internasional   sehingga     mengakibatkan     instabilities and currency exchange rate fluctuations. These
terganggunya rantai pasokan yang memicu ketidakstabilan         challenges and dynamics have created an unpredictable
harga komoditas hingga fluktuasi nilai tukar mata uang.         economic environment, demanding quick and appropriate
Tantangan dan dinamika ini menciptakan lingkungan ekonomi       adaptation measures from economic players in various
yang sulit diprediksi dan menuntut langkah-langkah adaptasi     countries.
yang cepat dan tepat dari pelaku ekonomi di berbagai negara.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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Di tengah ketidakpastian ekonomi global tersebut, Direksi         Amidst this global economic uncertainty, the Board observes         Tantangan dan Strategi Perseroan                                 Challenges and Company Strategies
melihat bahwa ekonomi Indonesia tetap menunjukkan                 that the Indonesian economy continues to show solid growth.
pertumbuhan yang solid. Pada tahun 2023, pertumbuhan              In 2023, Indonesia’s economic growth reached 5.05%, a positive      Kestabilan perekonomian nasional tidak serta merta               National economic stability does not guarantee the Company’s
ekonomi Indonesia mencapai 5,05%, sebuah pencapaian               achievement and strong evidence of Indonesia’s continuously         menjamin keberlangsungan bisnis Perseroan berjalan               business continuity without challenges. The Company faces a
positif dan menjadi bukti kuat bahwa fondasi ekonomi              developing economic foundation. Contributions from key              tanpa tantangan. Perseroan dihadapkan pada serangkaian           series of diverse challenges that require adaptive strategies
Indonesia yang terus berkembang. Kontribusi sektor-sektor         sectors, such as the continually developing construction            tantangan yang beragam dan memerlukan strategi adaptif           to overcome their impacts on business sustainability. From a
kunci, seperti konstruksi yang terus berkembang, transportasi     sector, increased transportation activities, and relatively         untuk mengatasi dampaknya pada kelangsungan bisnis. Dari         macroeconomic perspective, although Indonesia’s economy
yang mengalami peningkatan aktivitas, dan konsumsi rumah          stable household consumption, were the main drivers of this         aspek makroekonomi, meski ekonomi Indonesia mencatat             has shown good growth, the impacts of global uncertainties
tangga yang relatif stabil menjadi pendorong utama dalam          growth. This indicates Indonesia’s strong economic resilience,      pertumbuhan yang baik, namun dampak dari ketidakpastian          can affect foreign direct investment (FDI), supply chains, and
pertumbuhan ini. Hal ini menunjukkan ketahanan ekonomi            enabling it to withstand and even compete amid ongoing              global dapat memengaruhi foreign direct investment (FDI),        inflation rates, potentially negatively impacting economic
Indonesia yang kuat, sehingga mampu bertahan dan                  global uncertainties.                                               rantai pasokan, dan tingkat inflasi, sehingga berpotensi         and insurance industry development. Additionally, regulatory
bahkan bersaing di tengah ketidakpastian global yang terus                                                                            memberikan dampak negatif pada perkembangan ekonomi              changes, such as SEOJK PAYDI, Law on P2SK, and preparations
berlangsung.                                                                                                                          dan industri asuransi. Selain itu, perubahan regulasi, seperti   for the implementation of PSAK 74, require adaptation in
                                                                                                                                      SEOJK PAYDI, UU P2SK, dan persiapan penerapan PSAK 74            business processes and the insurance products offered. Low
Namun demikian, perkembangan industri asuransi jiwa               However, the Indonesian life insurance industry experienced a       memerlukan adaptasi dalam proses bisnis dan produk asuransi      financial literacy levels also pose a challenge, increasing the
Indonesia mengalami penurunan penerimaan premi, terutama          decline in premium income, primarily influenced by a decrease       yang ditawarkan. Tingkat literasi keuangan yang rendah juga      risk of spreading misinformation regarding insurance and
dipengaruhi oleh penurunan dalam Produk Asuransi yang             in Investment-Linked Insurance Products (PAYDI). This factor        menjadi tantangan, memperbesar risiko penyebaran informasi       financial products. Similarly, intense price competition in the
Dikaitkan dengan Investasi (PAYDI). Faktor ini sebagian besar     is largely related to the industry’s adaptation to new policies,    yang tidak benar terkait produk asuransi dan keuangan.           insurance industry can impact the Company’s financial sound,
terkait dengan adaptasi industri terhadap kebijakan baru, yaitu   the Financial Services Authority Circular (SEOJK) on PAYDI          Begitu juga dengan, persaingan harga yang intensif di industri   given the importance of balancing the financial protection
Surat Edaran Otoritas Jasa Keuangan (SEOJK) tentang PAYDI         issued in 2023. The implementation of this policy requires life     asuransi dapat berdampak pada kesehatan finansial Perseroan,     services offered and public needs.
yang diterbitkan pada tahun 2023. Implementasi kebijakan ini      insurance companies to comprehensively revise their PAYDI           mengingat pentingnya keseimbangan antara layanan proteksi
menuntut perusahaan asuransi jiwa untuk merevisi produk-          products. Despite being a challenge, the Board fully supports       finansial yang ditawarkan dan kebutuhan masyarakat.
produk PAYDI mereka secara menyeluruh. Meskipun menjadi           this policy, believing that it can be a driver of life insurance
tantangan, Direksi tetap mendukung penuh kebijakan ini            business growth, especially related to PAYDI products in the        Dalam menghadapi tantangan-tantangan ini, Perseroan              In facing these challenges, the Company is committed
karena meyakini bahwa hal ini dapat menjadi pendorong             future.                                                             berkomitmen untuk terus meningkatkan strategi adaptif,           to continually improving adaptive strategies, leveraging
pertumbuhan bisnis asuransi jiwa, terutama terkait produk                                                                             memanfaatkan inovasi, dan mengedepankan kepatuhan                innovation, and prioritizing compliance with regulations
PAYDI di masa depan.                                                                                                                  terhadap regulasi serta kebutuhan nasabah untuk menjaga          and customer needs to maintain its position in the dynamic
                                                                                                                                      posisinya dalam industri yang dinamis. Perseroan menanggapi      industry. The Company responds promptly to these changes
Dalam konteks ini, Direksi juga mengamati bahwa sektor            In this context, the Board also observes that the Indonesian life   dengan cekatan terhadap perubahan tersebut melalui dua           through two main initiatives. First, the Company continues to
asuransi jiwa Indonesia memiliki potensi pertumbuhan yang         insurance sector has significant growth potential, especially       inisiatif utama. Pertama, Perseroan terus mengembangkan          develop existing distribution channel capacities, especially
besar, terutama dengan perkembangan kondisi ekonomi dan           with the development of clearer economic and regulatory             kapasitas kanal distribusi yang ada, terutama Keagenan           Agencies and Bancassurance as the main distribution channels,
regulasi yang lebih jelas. Pertumbuhan ekonomi yang solid di      conditions. Indonesia’s solid economic growth drives demand         dan Bancassurance sebagai kanal distribusi utama, sambil         while shifting products’ focus to traditional products in
Indonesia menjadi pendorong bagi permintaan akan produk-          for life insurance products as people increasingly realize the      melakukan product shifting dengan fokus pada produk              2023. This is done while awaiting the adaptation process to
produk asuransi jiwa, karena masyarakat semakin menyadari         importance of financial protection against complex risks in         tradisional di tahun 2023. Hal ini dilakukan sambil menunggu     the new SEOJK PAYDI regulations. The Board assesses that
pentingnya perlindungan finansial dalam menghadapi                this modern era. Moreover, more transparent and measured            proses adaptasi terhadap regulasi SEOJK PAYDI yang baru.         this strategy is highly effective in positively impacting the
risiko-risiko yang kompleks di era modern ini. Selain itu,        regulatory changes provide opportunities for life insurance         Direksi menilai bahwa strategi ini sangat efektif dalam          Company’s performance, reflected in the Company’s market
perubahan regulasi yang lebih transparan dan terukur              companies to improve service quality and provide greater            memberikan dampak positif pada performa Perseroan,               share increasing by 0.4% compared to the previous year.
memberikan kesempatan bagi perusahaan asuransi jiwa untuk         added value to customers. This indicates that despite facing        yang tercermin dari peningkatan pangsa pasar Perseroan           However, the Company is not complacent and begins to
meningkatkan kualitas layanan dan memberikan nilai tambah         challenges, the Indonesian life insurance industry has a solid      hingga 0,4% dibandingkan dengan tahun sebelumnya.                prepare for new distribution channels, namely Digital Channel,
yang lebih besar kepada nasabah. Hal ini menunjukkan bahwa        foundation for further growth, especially in facing dynamic         Namun demikian, Perseroan tidak berpuas diri dan mulai           which is expected to expand the Company’s sales capacity in
meskipun menghadapi tantangan, industri asuransi jiwa             economic environment changes and ongoing policy changes.            mempersiapkan kanal distribusi baru, yaitu Digital Channel,      the retail market more deeply and broadly, reaching various
Indonesia memiliki landasan yang kokoh untuk berkembang                                                                               yang diharapkan dapat mengembangkan kapasitas penjualan          segments in the highly dynamic life insurance market.
lebih lanjut, terutama dalam menghadapi perubahan                                                                                     Perseroan di pasar ritel secara lebih mendalam dan luas,
lingkungan ekonomi yang dinamis dan perubahan kebijakan                                                                               menjangkau berbagai segmen di pasar industri asuransi jiwa
yang terus berlangsung.                                                                                                               yang sangat dinamis.


                                                                                                                                      Selain itu, pada tahun 2023, Perseroan juga melakukan            Additionally, in 2023, the Company also underwent a
                                                                                                                                      transformasi yang berkelanjutan untuk mencapai skala             continuous transformation to achieve larger-scale businesses
                                                                                                                                      bisnis yang lebih besar dengan positioning dan target pasar      with clear positioning and market targets towards “GREAT
                                                                                                                                      yang jelas menuju “GREAT 2025” melalui ekspansi di ritel         2025” through retail expansion and marketing area expansion,
                                                                                                                                      dan perluasan area pemasaran serta optimalisasi bisnis dan       as well as business optimization and profitability improvement,
                                                                                                                                      peningkatan profitabilitas, melalui pendekatan-pendekatan        through the following approaches.
                                                                                                                                      sebagai berikut.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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1. Diversifikasi: Perseroan melakukan diversifikasi produk     1. Diversification: The Company diversifies products                peningkatan dalam pengembangan media elektronik dan               development, internal work structure improvements, and
   dan kanal distribusi untuk memastikan keseimbangan             and distribution channels to ensure a strong business            online, perbaikan struktur kerja internal, serta peluncuran       the launch of a new brand image, MSIG Life. Although there
   performa bisnis yang kuat. Strategi ini termasuk               performance balance. This strategy includes developing           brand image baru, yaitu MSIG Life. Meskipun terjadi penurunan     was a decrease in profit achievement, it was consistent with
   pengembangan produk-produk baru yang sesuai dengan             new products tailored to market needs to increase                dalam pencapaian profit, hal ini sejalan dengan komitmen          the Company’s commitment to providing excellent service to
   kebutuhan pasar untuk meningkatkan daya tarik nasabah          customer attraction and expanding the Company’s reach            Perseroan untuk memberikan pelayanan yang prima kepada            customers and other stakeholders, as well as building a strong
   dan perluasan jangkauan Perseroan di pasar ritel yang          in a broader retail market.                                      nasabah dan pemangku kepentingan lainnya, serta untuk             foundation for long-term business growth.
   lebih luas.                                                                                                                     membangun fondasi yang kokoh untuk pertumbuhan bisnis
2. Diferensiasi: Perseroan memprioritaskan diferensiasi        2. Differentiation: The Company prioritizes differentiation         jangka panjang.
   untuk meningkatkan retensi pelanggan melalui layanan           to enhance customer retention through excellent service
   yang unggul dan pengalaman yang memuaskan, serta               and satisfying experiences, as well as strengthening risk        Pada tahun 2023, Perseroan berhasil memperoleh pendapatan         In 2023, the Company recorded revenues of Rp3.50 trillion and
   memperkuat manajemen risiko dengan kebijakan                   management with strong solvency policies.                        sebesar Rp3,50 triliun serta laba tahun berjalan sebesar          income for the year of Rp126.49 billion. These achievements
   solvabilitas yang kuat.                                                                                                         Rp126,49 miliar. Pencapaian ini terbilang baik di tengah          are considered good amidst the declining insurance industry
3. Dinamis: Perseroan mengadopsi pendekatan dinamis            3. Dynamic: The Company adopts a dynamic approach by                kondisi industri asuransi yang menunjukkan penurunan, di          conditions, where the Company managed to maintain stable
   dengan mengikuti perkembangan teknologi dan                    following technological developments and changing                mana Perseroan berhasil mempertahankan penerimaan                 premium income, especially from traditional products that
   kebutuhan pasar yang berubah-ubah. Ini termasuk                market needs. This includes sustainable digital technology       premi yang stabil, terutama dari produk tradisional yang          supported the decrease in premiums from unit links and
   pengembangan teknologi digital yang berkelanjutan              development supported by reliable data analytics, the            berhasil menopang penurunan premi dari unit link dan              single premiums. Meanwhile, from the balance sheet, the total
   dengan dukungan data analitik yang andal, pengembangan         development of new agile and responsive work methods,            single premium. Sedangkan dari sisi neraca, total aset yang       assets recorded by the Company in 2023 amounted to Rp14.95
   metode kerja baru yang agile dan responsif, serta praktik      and operational practices that pay more attention to             dicatatkan Perseroan tahun 2023 sebesar Rp14,95 triliun,          trillion, with total participant funds of Rp240.83 billion and
   operasional yang lebih memperhatikan tanggung jawab            social and environmental responsibilities.                       total dana peserta sebesar Rp240,83 miliar, serta total ekuitas   total equity of Rp7.49 trillion. The total liabilities recorded at
   sosial dan lingkungan.                                                                                                          sebesar Rp7,49 triliun. Adapun total liabilitas yang tercatat     Rp7.22 trillion, representing a decrease of 4.60% compared to
                                                                                                                                   sebesar Rp7,22 triliun menurun 4,60% dibandingkan tahun           the previous year with a total of Rp7.57 trillion. The Company
                                                                                                                                   sebelumnya yang mencapai Rp7,57 triliun. Perseroan juga           has maintained a Risk-Based Capital (RBC) above 2,000%, far
Peranan Direksi dalam Perumusan dan                            Board of Directors’ Role in Strategy                                mampu menjaga Risk-Based Capital (RBC) di atas 2.000%, jauh       exceeding the minimum requirement of 120%. This indicates
Implementasi Strategi                                          Formulation and Implementation                                      melebihi ketentuan minimum 120%. Hal ini menunjukkan              strong financial capabilities and the Company’s commitment
                                                                                                                                   kemampuan finansial yang tangguh dan komitmen Perseroan           to continue being a reliable partner in providing financial
Pada perumusan dan implementasi strategi bisnis                In formulating and implementing business strategies as              untuk terus menjadi mitra yang terpercaya dalam menyediakan       protection for customers.
sebagaimana diuraikan sebelumnya, Direksi memiliki             outlined above, the Board of Directors plays a crucial role         perlindungan finansial bagi nasabah.
peranan penting sebagai pengambil keputusan strategis dan      as strategic decision-makers and leaders of the Company’s
pemimpin visi Perseroan. Direksi bertanggung jawab untuk       vision. The Board of Directors is responsible for formulating
merumuskan tujuan jangka pendek, menengah, dan panjang         the Company’s short, medium, and long-term objectives;              Penerapan Tata Kelola Perusahaan yang                             Implementation of Good and Sustainable
Perseroan; mengidentifikasi peluang dan risiko di pasar;       identifying market opportunities and risks; and developing          Baik dan Berkelanjutan                                            Corporate Governance
serta mengembangkan strategi yang sesuai dengan visi dan       strategies in line with the Company’s vision and mission. The
misi Perseroan. Direksi juga berperan untuk memastikan         Board of Directors also ensures that proposed strategies            Perseroan meyakini bahwa penerapan GCG secara konsisten           The Company believes that consistent implementation of GCG
bahwa strategi yang diusulkan sejalan dengan tujuan bisnis,    align with business objectives, the Company’s values, and           akan memperkuat posisi dalam menghadapi persaingan                will strengthen its position in facing business competition,
nilai-nilai Perseroan, dan kebutuhan pemangku kepentingan.     stakeholder needs. Additionally, the Board of Directors has         usaha, meningkatkan efektivitas dan efisiensi dalam               increase effectiveness and efficiency in managing resources,
Selain itu, Direksi memiliki tanggung jawab untuk memimpin     a responsibility to lead the executive team in implementing         mengelola sumber daya, memaksimalkan nilai dalam jangka           maximize long-term value, and enhance the trust of
tim eksekutif dalam mengimplementasikan strategi tersebut      these strategies through careful oversight, sound decision-         panjang, serta meningkatkan kepercayaan para pemangku             stakeholders. Therefore, the Company has made GCG the
melalui pengawasan yang cermat, pengambilan keputusan          making, effective resource allocation, and periodic                 kepentingan. Oleh karena itu, Perseroan telah menjadikan          primary foundation for conducting business by ensuring
yang tepat, alokasi sumber daya yang efektif, dan evaluasi     evaluations of strategic performance. With its comprehensive        GCG sebagai landasan utama dalam menjalankan bisnis               that GCG principles, namely ethical behavior, accountability,
berkala terhadap kinerja strategis. Dengan peranannya yang     role, the Board of Directors plays a crucial role in ensuring the   dengan memastikan prinsip-prinsip GCG, yaitu perilaku             transparency, and sustainability, are implemented in every
menyeluruh ini, Direksi berperan penting dalam memastikan      Company’s success and sustainability in achieving business          beretika, akuntabilitas, transparansi, dan keberlanjutan          decision and action taken. In addition to running a GCG-based
kesuksesan dan keberlanjutan Perseroan dalam mencapai          objectives.                                                         senantiasa diimplementasikan dalam setiap keputusan dan           business process, the Company has also taken concrete steps
tujuan bisnis.                                                                                                                     tindakan yang diambil. Selain menjalankan proses bisnis yang      to ensure the sustainability and quality implementation of
                                                                                                                                   berbasis pada GCG, Perseroan juga telah mengambil langkah-        GCG principles in 2023, including:
                                                                                                                                   langkah konkret untuk memastikan keberlangsungan dan
Kinerja Perseroan Tahun 2023                                   Company Performance in 2023                                         kualitas implementasi prinsip-prinsip GCG selama tahun 2023,
                                                                                                                                   meliputi:
Efektivitas perumusan dan implementasi strategi yang           The effectiveness of formulated and implemented strategies          1. Komunikasi Efektif: Dewan Komisaris, Direksi, dan              1. Effective Communication: The Board of Commissioners,
dijalankan memungkinkan Perseroan mampu mencatatkan            enabled the Company to achieve good performance in 2023.                manajemen secara rutin melakukan komunikasi efektif,             the Board of Directors, and management regularly
kinerja yang baik di tahun 2023. Secara garis besar,           In general terms, the Board of Directors assesses that the              komprehensif, dan berkelanjutan untuk memastikan                 engage in effective, comprehensive, and sustainable
Direksi menilai bahwa kinerja Perseroan pada tahun 2023        Company’s performance in 2023 reflects solid achievements               nilai-nilai GCG terintegrasi dalam seluruh proses bisnis         communication to ensure that GCG values are integrated
mencerminkan pencapaian yang solid di berbagai aspek.          in various aspects. Operationally, the Company managed                  Perseroan;                                                       into all Company business processes;
Dari segi operasional, Perseroan berhasil mempertahankan       to maintain improvements in electronic and online media




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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2. Evaluasi Manajemen Risiko: Perseroan melakukan               2. Risk Management Evaluation: The Company conducts               Selain itu, literasi dan inklusi asuransi jiwa di Indonesia mulai   Furthermore, life insurance literacy and inclusion in Indonesia
   evaluasi rutin terhadap proses manajemen risiko                 regular evaluations of risk management processes to            menunjukkan peningkatan, sehingga menjadi peluang yang              are beginning to show improvement, making it an opportunity
   untuk memastikan kecukupan kebijakan dan prosedur               ensure the adequacy of risk management policies and            dapat dieksplorasi oleh Perseroan untuk menjangkau pasar            that can be explored by the Company to reach a broader
   manajemen risiko dalam Perseroan; serta                         procedures within the Company; and                             yang lebih luas dengan segmentasi yang lebih beragam. Upaya         market with more diverse segmentation. The Company’s
3. Pembentukan       Komite-Komite:       Perseroan    telah    3. Formation of Committees: The Company has formed,               Perseroan dalam meningkatkan kesadaran masyarakat akan              efforts to increase public awareness of the importance of life
   membentuk, mengaktifkan, dan mengoptimalkan komite-             activated, and optimized committees within the Company’s       pentingnya asuransi jiwa akan menjadi faktor penentu dalam          insurance will be decisive in reaching potential markets. In
   komite dalam struktur Perseroan untuk mengawasi                 structure to oversee various aspects of the business           meraih pasar yang potensial. Sejalan dengan perluasan pangsa        line with market expansion, the Company’s financial strength
   berbagai aspek dalam proses bisnis. Hal ini memungkinkan        process. This enables the identification, prevention, and      pasar, kekuatan finansial Perseroan dengan permodalan yang          with strong capital and RBC figures far above the minimum
   identifikasi, pencegahan, dan mitigasi risiko-risiko            proactive mitigation of potential risks.                       kuat dan angka RBC yang berada jauh di atas ketentuan               requirements serves as a solid foundation for the Company
   potensial dilakukan secara efektif dan proaktif.                                                                               minimum menjadi landasan dan fondasi yang kokoh bagi                to seize new business opportunities in 2024. With a strong
                                                                                                                                  Perseroan untuk meraih peluang-peluang bisnis baru di               foundation, the Company is better prepared to face market
                                                                                                                                  tahun 2024. Dengan fondasi yang kuat, Perseroan lebih siap          dynamics and achieve success in facing the challenges and
Penilaian Kinerja Komite Pendukung                              Performance Assessment of the Board of                            menghadapi dinamika pasar dan meraih kesuksesan dalam               opportunities in the coming year.
Direksi                                                         Directors’ Supporting Committees                                  menghadapi tantangan dan peluang yang ada di tahun
                                                                                                                                  mendatang.
                                                                The execution of the Board of Directors’ duties in managing the
Pelaksanaan tugas Direksi dalam pengelolaan Perseroan           Company is supported by supporting committees, namely the         Tahun 2024 juga akan menjadi bagian dari fase akselerasi            The year 2024 will also be part of the Company’s acceleration
dibantu oleh komite pendukung, yaitu Komite Investasi dan       Investment and Finance Committee, Information Technology          Perseroan untuk mencapai “GREAT 2025”. Oleh karena itu,             phase towards achieving “GREAT 2025”. Therefore, the
Keuangan, Komite Teknologi Informasi dan Operasional,           and Operational Committee, Product and Marketing                  Perseroan berkomitmen untuk menjadi salah satu perusahaan           Company is committed to becoming one of the leading and
Komite Produk dan Pemasaran, Komite Manajemen Risiko,           Committee, Risk Management Committee, and Human                   asuransi jiwa terkemuka dan terpercaya di Indonesia yang            most trusted life insurance companies in Indonesia, focusing on
serta Komite Sumber Daya Manusia. Secara periodik, Direksi      Resources Committee. Periodically, the Board of Directors         berfokus kepada penyediaan layanan perlindungan finansial           providing excellent financial protection services to customers.
melakukan penilaian kinerja atas efektivitas pelaksanaan        conducts performance assessments on the effectiveness of          yang prima bagi nasabah. Perseroan terus berupaya untuk             The Company continues to strive to achieve the set targets
tugas dari masing-masing komite. Berdasarkan penilaian yang     each committee’s tasks. Based on the assessments conducted,       mencapai target yang sudah dicanangkan melalui performa             through business performance based on strong operational
dilakukan, komite-komite tersebut telah berhasil menjalankan    these committees have successfully carried out their duties       bisnis yang berdasarkan kepada performa operasional yang            performance and long-term business value growth. Some
tugasnya dengan baik dalam mendukung Direksi dalam              properly in supporting the Board of Directors in making           kuat dan pertumbuhan nilai Perseroan dalam jangka Panjang.          strategic initiatives outlined by the Company include:
mengambil keputusan strategis, mengawasi operasional yang       strategic decisions, overseeing efficient operations, managing    Beberapa inisiatif strategis yang telah disusun Perseroan
efisien, mengelola risiko dengan baik, serta mengembangkan      risks effectively, and developing product innovations and         meliputi:
inovasi produk dan strategi pemasaran yang sesuai dengan visi   marketing strategies in line with the Company’s vision and        1. Memastikan kapasitas Perseroan untuk terus tumbuh                1. Ensuring the Company’s capacity to continue growing
dan misi. Pada prosesnya, kerja sama yang kuat antara Direksi   mission. In the process, strong cooperation between the Board         secara berkelanjutan melalui perluasan jangkauan bisnis            sustainably through expanding retail business reach
dan komite-komite ini juga menjadi fondasi penting dalam        of Directors and these committees also becomes a crucial              retail dari seluruh kanal distribusi yang ada, baik dengan         through all existing distribution channels, both by focusing
mencapai tujuan bisnis Perseroan dan menjaga performa           foundation in achieving the Company’s business objectives             berfokus pada peningkatan jumlah tenaga pemasar yang               on increasing the number of quality marketers organically
yang optimal dalam menghadapi dinamika industri yang            and maintaining optimal performance in facing the evolving            berkualitas secara organik dan pengembangan kualitas               and developing marketer quality with comprehensive
terus berkembang, sehingga memastikan bahwa Perseroan           industry dynamics, ensuring that the Company remains on the           tenaga pemasar dengan program-program pelatihan yang               training programs, as well as developing new digital
terus berada di jalur yang benar untuk pertumbuhan dan          right track for long-term growth and success.                         komprehensif maupun pengembangan kanal distribusi                  distribution channels as enablers to reach a wider market
keberhasilan jangka panjang.                                                                                                          digital yang baru sebagai enabler untuk menjangkau                 segment;
                                                                                                                                      segmen pasar yang lebih luas;
                                                                                                                                  2. Menyusun program-program yang memadai sehubungan                 2. Developing adequate programs related to rebranding
Prospek Usaha Tahun 2024                                        Business Prospects for 2024                                           dengan rebranding Perseroan agar bisa mendapatkan                  the Company to obtain feedback and maximize results,
                                                                                                                                      umpan balik dan hasil yang maksimal, sekaligus dapat               while also promoting the new “MSIG Life” brand as a
Memasuki tahun 2024, Perseroan menyambut optimis dan            Entering 2024, the Company welcomes optimism that the life            mempromosikan brand baru “MSIG Life” sebagai bentuk                commitment of the Company to be a trusted partner for
bahwa prospek bisnis dan usaha Asuransi Jiwa masih sangat       insurance business prospects remain very promising. Some              komitmen Perseroan menjadi mitra terpercaya bagi                   customers;
potensial. Beberapa hal yang menjadi pendorong optimisme        factors driving this optimism include Indonesia’s continually         nasabah;
tersebut adalah perekonomian Indonesia yang terus               improving and solid economic trends compared to other             3. Menelaah dan melakukan analisis yang mendalam untuk              3. Reviewing and conducting in-depth analysis to improve
menunjukkan tren perbaikan dan pertumbuhan yang solid,          major economies, such as Japan and the UK, which have                 meningkatkan nilai bauran produk Perseroan yang sehat              the Company’s product mix value healthy and profitable
dibandingkan dengan negara-negara dengan perekonomian           entered recession. Additionally, policy developments from             dan profitable melalui program-program dan langkah-                through strategic programs and steps that have been
besar lainnya, seperti Jepang dan Inggris, yang justru masuk    regulators, while challenging, can also be opportunities for          langkah strategis yang sudah ditetapkan;                           determined;
ke dalam jurang resesi. Selain itu, perkembangan kebijakan      the Company to gain new business growth opportunities on          4. Mengimplementasikan strategi pemasaran dan investasi             4. Implementing sustainable marketing and investment
dari regulator yang walaupun menjadi tantangan, namun tentu     a larger and long-term scale. The Company’s ability to quickly        yang berkesinambungan dengan memperhatikan bauran                  strategies by paying attention to a healthy and balanced
dapat juga menjadi peluang bagi Perseroan untuk mendapatkan     adapt to regulatory changes will be key in leveraging these           portofolio yang sehat dan seimbang sehingga dapat                  portfolio mix so as to generate maximum returns, not only
peluang-peluang baru bagi pertumbuhan bisnis dalam skala        opportunities.                                                        menghasilkan imbal balik yang maksimal, bukan hanya                for the Company’s profitability performance but also for
lebih besar dan jangka panjang. Kemampuan Perseroan untuk                                                                             untuk performa profitabilitas Perseroan, tetapi juga untuk         the long-term investment interests of customers;
beradaptasi dengan cepat terhadap perubahan regulasi akan                                                                             kepentingan investasi nasabah secara jangka panjang;
menjadi kunci dalam memanfaatkan peluang ini.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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5. Secara terus menerus melakukan penelaahan dan                 5. Continuously reviewing and developing the Company’s           nasabah, regulator dan pemangku kepentingan lainnya atas          other stakeholders for the trust and support given. Hopefully,
   pengembangan ekosistem digital serta struktur organisasi         digital ecosystem and organizational structure to provide a   kepercayaan dan dukungan yang diberikan. Semoga kerja             the good cooperation that has been established can be further
   Perseroan untuk memberikan pengalaman yang lebih baik            better experience for all stakeholders through competent      sama baik yang telah terjalin ini dapat terus ditingkatkan di     enhanced in the future to achieve mutual success and provide
   bagi seluruh pemangku kepentingan melalui kapasitas              electronic and digital capacity and effective and efficient   masa mendatang untuk mencapai kesuksesan bersama dan              sustainable benefits to all relevant parties.
   elektronik dan digital yang mumpuni serta proses kerja           work processes to ensure the quality of services provided     memberikan manfaat yang berkelanjutan bagi semua pihak
   yang efektif dan efisien untuk memastikan kualitas               in very good and accurate conditions according to market      terkait.
   pelayanan yang diberikan dalam kondisi yang sangat baik          needs; and
   dan akurat sesuai dengan kebutuhan pasar; serta
6. Meningkatkan fungsi pengendalian internal dan                 6. Improving internal control functions and risk management
   manajemen risiko untuk memastikan operasional                    to ensure the Company’s operations run within the                                                                   Atas nama Direksi
   Perseroan berjalan dalam koridor dan batasan yang sudah          corridors and boundaries that have been determined                                                          On behalf of the Board of Directors
   ditetapkan sekaligus menciptakan pertumbuhan bisnis              while creating quality and sustainable business growth.                                                    PT MSIG Life Insurance Indonesia Tbk,
   yang berkualitas dan berkelanjutan.



Perubahan Komposisi Anggota Direksi                              Changes in the Board of Directors’
                                                                 Composition

Sepanjang tahun 2023, tidak terdapat perubahan terkait           Throughout 2023, there were no changes in the composition
komposisi anggota Direksi Perseroan. Komposisi Direksi yang      of the Company’s Board of Directors. The current composition                                                                Wianto
menjabat saat ini meliputi:                                      of the Board of Directors is as follows:                                                                                Presiden Direktur
                                                                                                                                                                                         President Director

                             Nama                                                         Jabatan
                             Name                                                         Position

                                                                                      Presiden Direktur
                             Wianto
                                                                                      President Director
                                                                                    Wakil Presiden Direktur
                        Satoshi Shiratani
                                                                                    Vice President Director
                                                                                           Direktur
                        Herman Sulistyo
                                                                                           Director
                                                                                           Direktur
                        Tomoyuki Monden
                                                                                           Director
                                                                                           Direktur
                          Andrew Bain
                                                                                           Director
                                                                                           Direktur
                           Ken Terada
                                                                                           Director




Apresiasi                                                        Appreciation

Menutup penyampaian laporan ini, Direksi mengucapkan             Closing this report, the Board of Directors expresses
apresiasi dan terima kasih kepada Dewan Komisaris                appreciation and gratitude to the Board of Commissioners
atas kontribusi dan dukungan yang tidak ternilai dalam           for their invaluable contribution and support in directing the
mengarahkan Perseroan menuju pencapaian tujuan strategis.        Company towards achieving strategic goals. The appreciation
Ungkapan apresiasi dan terima kasih juga disampaikan kepada      and gratitude are also extended to all employees who have
segenap karyawan yang telah berdedikasi dan berkontribusi        dedicated themselves and contributed maximally to fulfilling
secara maksimal dalam menjalankan tugas dan tanggung             their duties and responsibilities in the Company. The presence
jawabnya di Perseroan. Kehadiran dan dedikasi seluruh            and dedication of all internal Company members have
internal Perseroan telah menjadi pilar utama dalam menjaga       been the main pillars in maintaining the quality of service,
kualitas layanan, inovasi, dan kinerja yang luar biasa. Ucapan   innovation, and outstanding performance. Gratitude is also
terima kasih juga turut disampaikan kepada Pemegang Saham,       extended to the Shareholders, customers, regulators, and




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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Tanggung Jawab Laporan Tahunan
Annual Report Responsibility



SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS                                                                                                                                     SURAT PERNYATAAN ANGGOTA DIREKSI
TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2023                                                                                                                             TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2023
PT MSIG LIFE INSURANCE INDONESIA TBK                                                                                                                                         PT MSIG LIFE INSURANCE INDONESIA TBK
STATEMENT OF MEMBERS OF THE BOARD OF COMMISSIONERS                                                                                                                           STATEMENT OF MEMBERS OF THE BOARD OF DIRECTORS
ON THE RESPONSIBILITY FOR THE 2023 ANNUAL REPORT OF                                                                                                                          ON THE RESPONSIBILITY FOR THE 2023 ANNUAL REPORT OF
PT MSIG LIFE INSURANCE INDONESIA TBK                                                                                                                                         PT MSIG LIFE INSURANCE INDONESIA TBK



Kami, yang bertanda tangan di bawah ini, menyatakan                                     We, the undersigned, hereby declare that all information in                          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                            bahwa semua informasi dalam Laporan Tahunan                     the Annual Report of PT MSIG Life Insurance Indonesia Tbk
PT MSIG Life Insurance Indonesia Tbk tahun 2023 telah                                   for year 2023 has been fully contained and we shall be fully                         PT MSIG Life Insurance Indonesia Tbk tahun 2023 telah           for year 2023 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                             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.                                                               kebenaran isi Laporan Tahunan Perseroan.                        Report of the Company.


Demikian pernyataan ini dibuat dengan sebenarnya.                                       This statement is hereby made in all truthfulness.                                   Demikian pernyataan ini dibuat dengan sebenarnya.               This statement is hereby made in all truthfulness.


                                                                        Jakarta, April 2024                                                                                                                                      Jakarta, April 2024


                                                              DEWAN KOMISARIS,                                                                                                                                                  DIREKSI,
                                                           BOARD OF COMMISSIONERS,                                                                                                                                         BOARD OF DIRECTORS,




                             Indra Widjaja                                                                          Toshinari Tokoi                                                                  Wianto                                                     Satoshi Shiratani
                          Presiden Komisaris                                                                              Komisaris                                                              Presiden Direktur                                             Wakil Presiden Direktur
                        President Commissioner                                                                          Commissioner                                                             President Director                                           Deputy President Director




                          Hideaki Nomura                                                                   Ardhayadi Mitroatmodjo                                                              Herman Sulistyo                                                 Tomoyuki Monden
                                 Komisaris                                                                        Komisaris Independen                                                                Direktur                                                          Direktur
                               Commissioner                                                                    Independent Commissioner                                                               Director                                                          Director




                          Sidharta Akmam                                                                 Nazly Parlindungan Siregar                                                               Andrew Bain                                                       Ken Terada
                         Komisaris Independen                                                                     Komisaris Independen                                                                Direktur                                                          Direktur
                      Independent Commissioner                                                                 Independent Commissioner                                                               Director                                                          Director

Catatan / Notes:
•   Penandatanganan Laporan Tahunan 2023 oleh Bapak Indra Widjaja selaku Presiden Komisaris, Bapak Toshinari Tokoi dan Bapak Hideaki Nomura selaku Komisaris, serta
    Ibu Nazly Parlindungan Siregar selaku Komisaris Independen dilakukan secara digital karena tidak sedang berada di wilayah Indonesia. / The signing of the 2023 Annual
    Report by Mr. Indra Widjaja as President Commissioner, Mr. Toshinari Tokoi and Mr. Hideaki Nomura as Commissioner, also Mrs. Nazly Parlindungan Siregar as Independent
    Commissioner was carried out digitally due they were not in Indonesia.


             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
40           Laporan Tahunan 2023                                                                                                                                                                                                                                              2023 Annual Report    41
Page 23
     Profil
     Perusahaan
     Company Profile




     03
     PT MSIG Life Insurance Indonesia Tbk   PT MSIG Life Insurance Indonesia Tbk
42   Laporan Tahunan 2023                                     2023 Annual Report   43
Page 24
          Profil                                                                                                                                                                                                                                                                      Company
          Perusahaan                                                                                                                                                                                                                                                                    Profile




Identitas Perusahaan                                                                                                                               Informasi Perubahan Nama Perusahaan
Company Identity                                                                                                                                   Information on Changes of Company Name
                                                                                                                                                   Nama Perseroan diubah dari PT Asuransi Jiwa Sinarmas MSIG                    The Company’s name was changed from PT Asuransi Jiwa
                                                                                                                                                   Tbk menjadi PT MSIG Life Insurance Indonesia Tbk berdasarkan                 Sinarmas MSIG Tbk to PT MSIG Life Insurance Indonesia Tbk
                                                   Bidang Usaha
                                                                                                                                                   Akta No. 60 tanggal 27 Juni 2023 yang dibuat di hadapan                      based on Deed No. 60 dated June 27, 2023, which was made
                                                   Line of Business
                                                                                                                                                   Aryanti Artisari, S.H., M.Kn. Notaris di Jakarta. Perubahan                  before Aryanti Artisari, S.H., M.Kn., a Notary in Jakarta. This
                                                   Menyelenggarakan usaha asuransi jiwa, termasuk usaha dengan prinsip syariah, serta dana         tersebut merupakan rencana jangka menengah Perseroan                         change is the Company’s medium-term plan in line with the
                                                   pensiun lembaga keuangan.
                                                                                                                                                   seiring dengan mayoritas kepemilikan saham perusahaan oleh                   majority share ownership of the company by Mitsui Sumitomo
                                                   Carrying out life insurance business, including business with sharia principles and financial
                                                   institution pension funds.                                                                      Mitsui Sumitomo Insurance Co., Ltd. sejak tahun 2019 lalu. Hal               Insurance Co., Ltd., since 2019. Such has been approved
                                                                                                                                                   tersebut telah disetujui oleh Otoritas Jasa Keuangan melalui                 by Financial Services Authority under Announcement
                                                   Alamat Kantor Manajemen dan Layanan Nasabah                                                     Pengumuman No. Peng-12/PD.02/2023 dan resmi berubah                          No. Peng-12/PD.02/2023 and has officially changed from
                                                   Address of Management and Customer Service Office                                               sejak tanggal 13 September 2023.                                             September 13, 2023.
           Nama Perusahaan                         Sinarmas MSIG Tower Lt. 6
            Company Name                           Jl. Jend. Sudirman Kav. 21
                                                   Jakarta Selatan 12920

                                                                                                                                                   Perubahan Signifikan yang Terjadi
      PT MSIG Life Insurance
          Indonesia Tbk
                                                   Customer Care
                                                   WhatsApp
                                                   Layanan Customer Care / Customer Care Services
                                                                                                                 : 088 1234 1088
                                                                                                                 : 021) 5060 9999
                                                                                                                                                   pada Perusahaan
                                                   Nasabah Perorangan / Individual Customers
                                                   Nasabah Asuransi Kumpulan / Group Insurance Customers
                                                                                                                 : cs@msiglife.co.id
                                                                                                                 : groupcs@msiglife.co.id
                                                                                                                                                   Significant Changes in the Company
               Kode Saham                                                                                                                          Pada tahun 2023, Perseroan melakukan beberapa langkah                        In 2023, the Company made several changes that significantly
                Stock Code                                                                                                                         perubahan yang berdampak signifikan terhadap eksistensi                      had an impact on the Company. The changes are described as
                                                   Dasar Hukum Pendirian
                  LIFE                             Legal Base of Establishment                                                                     Perseroan. Adapun perubahan tersebut diuraikan sebagai                       follows:
                                                                                                                                                   berikut:
                                                   PT Asuransi Jiwa Purnamala Internasional Indonesia (PT MSIG Life Insurance Indonesia Tbk)
                                                   mulai beroperasional pada tanggal 14 April 1985 berdasarkan Akta Notaris
                                                   Benny Kristianto, S.H. No. 44 tanggal 17 Juli 1984. Akta pendirian ini disahkan dengan
                                                   keputusan Menteri Kehakiman Republik Indonesia No. 02-7176.HT.01.01.TH.84 tanggal                Perubahan yang Terjadi                                                              Uraian
                                                   21 Desember 1984 serta diumumkan dalam Lembaran Berita Negara No. 85 tanggal                     Changes that Occurred                                                             Description
             Modal Dasar                           22 Oktober 1985.
                                                                                                                                                    Perubahan Nama dan Logo       Melakukan perubahan nama Perseroan menjadi                   Changed the Company’s name to PT MSIG Life Insurance
           Authorized Capital                      PT Asuransi Jiwa Purnamala Internasional Indonesia (PT MSIG Life Insurance Indonesia Tbk)        Perseroan                     PT MSIG Life Insurance Indonesia Tbk dan perubahan           Indonesia and changed the Company’s logo on all
                                                   began operating on April 14, 1985, based on Deed of Notary Benny Kristianto, S.H.,               Change of Company Name        logo Perseroan pada seluruh dokumen internal maupun          internal and external documents.
      210.000.000.000,00
     Rp                                            No. 44 dated July 17, 1984. The Deed of Establishment was approved by the Minister of            and Logo                      eksternal.
                                                   Justice of the Republic of Indonesia in accordance with Decree No. 02-7176.HT.01.01.
                                                                                                                                                    Perubahan Alamat              Melakukan relokasi Kantor Pusat Perseroan menjadi di         Relocated the Company’s Head Office to Sinarmas
                                                   TH.84 dated December 21, 1984 and was announced in the State Gazette No. 85 dated
                                                                                                                                                    Perseroan                     Sinarmas MSIG Tower Lt. 6, Jl. Jend. Sudirman Kav. 21        MSIG Tower 6th floor, Jl. Jend. Sudirman Kav. 21 Jakarta
                                                   October 22, 1985.
                                                                                                                                                    Change of Company Address     Jakarta Selatan 12920.                                       Selatan 12920.
                                                                                                                                                                                  Melakukan perubahan alamat domain surel menjadi              Changed email domain address to @msiglife.co.id and
                                                   Tanggal Pencatatan Saham di Bursa Efek Indonesia                                                 Perubahan Aset Digital
                                                                                                                                                                                  @msiglife.co.id serta akun media sosial menjadi              social media accounts to “MSIG Life” or “@msiglife”.
     Modal Ditempatkan dan                         Listing Date on Indonesia Stock Exchange                                                         Digital Asset Changes
                                                                                                                                                                                  “MSIG Life” atau “@msiglife”.
         Disetor Penuh
        Subscribed and                             9 Juli 2019                              July 9, 2019                                                                          Mewujudkan komitmen untuk terus ekspansi bisnis              Realizing a commitment to continue business expansion
                                                                                                                                                                                  di jalur distribusi keagenan dengan meresmikan dan           through agency distribution channels by inaugurating and
      Fully Paid-Up Capital
                                                                                                                                                                                  memublikasikan Agen Kantor Mandiri baru, antara lain:        publicizing new Independent Office Agents, including:
      210.000.000.000,00
     Rp                                            Kepemilikan                                                                                                                    • Agen Kantor Mandiri YDK Agency (atau dikenal               • YDK Agency Independent Office Agent (or known as
                                                   Ownership                                                                                                                         dengan nama AKM Smart Solution) di Denpasar, Bali;           AKM Smart Solution) in Denpasar, Bali;
                                                                                                                                                    Pembukaan Agen                • Agen Kantor Mandiri Skystar Corporation Agency di          • Skystar Corporation Agency Independent Office
                                                                                                                                                    Kantor Mandiri                   Jakarta Barat;                                               Agent in West Jakarta;
                                                                                                                                                    Opening of Independent        • Agen Kantor Mandiri YDK Group di Padang;                   • YDK Group Independent Office Agent in Padang;
                                                                                                                                                    Agency Offices                • Agen Kantor Mandiri Infinity Lombok di Nusa                • Infinity Lombok Independent Office Agent in West
                                                      Mitsui Sumitomo Insurance Co., Ltd. : 80,00%                                                                                   Tenggara Barat;                                              Nusa Tenggara;
          Alamat Kantor Pusat                         PT Sinar Mas Multiartha Tbk         : 12,50%                                                                                • Agen Kantor Mandiri New Prosper di Batam;                  • New Prosper Independent Office Agent in Batam;
          Head Office Address                         Masyarakat / Public                 : 7,50%                                                                                 • Agen Kantor Mandiri Power of Business Multiplication       • Power of Business Multiplication Independent Office
                                                                                                                                                                                     di Kelapa Gading, Jakarta Utara; dan                         Agent in Kelapa Gading, North Jakarta; and
      Sinarmas MSIG Tower Lt. 6                                                                                                                                                   • Agen Kantor Mandiri Optimis Yess di Surabaya.              • Optimis Yess Independent Office Agent in Surabaya.
       Jl. Jend. Sudirman Kav. 21                                                                                                                                                 Sehubungan dengan upaya mendorong penggunaan                 In efforts to promote the use of digital services, the
         Jakarta Selatan 12920                                                                                                                                                    layanan digital, Perseroan melakukan pengalihan kantor       Company is transitioning the following marketing
          (021) 5060 9999; 2650 8300               Media Sosial                                                                                                                   pemasaran berikut ini ke layanan digital:                    offices to digital services:
                cs@msiglife.co.id                  Social Media                                                                                                                   Kantor Pemasaran Kupang                                      Kupang Marketing Office
               www.msiglife.co.id                                                                                                                                                 Gedung Sinarmas Multifinance Lt. 4 Jl. Flores No. 8 RT       Gedung Sinarmas Multifinance Lt. 4 Jl. Flores No. 8 RT
                                                                                                                                                    Pengalihan Kantor
                                                      MSIG Life                                 @msiglife                                                                         012 RW 003 Kel. Fatubesi Kec. Kota Lama, Kupang.             012 RW 003 Kel. Fatubesi Kec. Kota Lama, Kupang
                                                                                                                                                    Pemasaran
                                                      MSIG Life                                 MSIG Life                                           Marketing Office Transition   Kantor Pemasaran Pekanbaru                                   Pekanbaru Marketing Office
                                                                                                                                                                                  Gedung ASM Lt. 3 Jl. Riau No. 105, Pekanbaru, 28115, Riau.   Gedung ASM Lt. 3 Jl. Riau No. 105, Pekanbaru, 28115, Riau
                                                                                                                                                                                  Kantor Pemasaran Lampung                                     Lampung Marketing Office
                                                                                                                                                                                  Jl. Pattimura No. 6/8 Lt. 1-2, Kel. Gunung Mas. Kec. Teluk   Jl. Pattimura No. 6/8 Lt. 1-2, Kel. Gunung Mas. Kec. Teluk
                                                                                                                                                                                  Betung Utara, Lampung.                                       Betung Utara, Lampung



            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                    PT MSIG Life Insurance Indonesia Tbk
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        Profil                                                                                                                                                               Company
        Perusahaan                                                                                                                                                             Profile




Sekilas Perusahaan
Brief Overview of the Company



Perseroan beroperasi sejak tanggal 14 April 1985 dengan
nama PT Asuransi Jiwa Purnamala Internasional Indonesia.
Kemudian, pada tahun 2011, terjalin kerja sama antara
PT Sinar Mas Multiartha Tbk dengan perusahaan asuransi
asal Jepang yaitu Mitsui Sumitomo Insurance Co., Ltd. yang
menjadi cikal bakal terbentuknya PT MSIG Life Insurance
Indonesia Tbk. Pada tanggal 28 Juni 2019, Perseroan resmi
menjadi perusahaan publik dengan kode saham LIFE di Bursa
Efek Indonesia, di mana pihak Mitsui Sumitomo Insurance Co.,
Ltd. sebagai pemegang saham pengendali.


Pada November 2023, Perseroan resmi melakukan perubahan
nama dari PT Asuransi Jiwa Sinarmas MSIG Tbk menjadi
PT MSIG Life Insurance Indonesia Tbk, serta menerapkan
perubahan logo secara bertahap di tahun 2024.


Hingga kini, performa yang maksimal terus menjadi komitmen
Perseroan dalam memberikan layanan terbaik bagi keluarga
Indonesia. Di tahun 2023, Perseroan telah melayani lebih
dari 1 juta nasabah perorangan dan/atau korporat dengan
didukung oleh 559 karyawan dan lebih dari 8.900 tenaga
pemasar dari 49 jaringan kantor di seluruh Indonesia. Hal ini
menghantarkan Perseroan pada capaian pendapatan premi
neto sebesar Rp2,57 triliun dengan total aset sebesar Rp14,95
triliun. Demikian juga dari sisi permodalan, masing-masing
nilai Risk Based Capital (RBC) untuk konvensional dan syariah
adalah 2.011,51% dan 120,00%. Keduanya telah berada di atas
rasio solvabilitas minimum, yaitu 120% untuk konvensional
dan 100% untuk syariah.




                                                                The Company has been operating since April 14, 1985, under     To date, the Company stays committed to providing maximum
                                                                the name PT Asuransi Jiwa Purnamala Internasional Indonesia.   performance in delivering the best services for Indonesian
                                                                Then, in 2011, a cooperation was established between           families. In 2023, the Company served over 1 million individual
                                                                PT Sinar Mas Multiartha Tbk and an insurance company from      and/or corporate customers, supported by 559 employees
                                                                Japan, namely Mitsui Sumitomo Insurance Co., Ltd., which       and over 8,900 marketers from 49 office networks across
                                                                became the forerunner to the establishment of PT MSIG Life     Indonesia. This led the Company to achieve a net premium
                                                                Insurance Indonesia Tbk. On June 28, 2019, the Company         income of Rp2.57 trillion with total assets of Rp14.95 trillion.
                                                                officially became a public company with stock code LIFE        Likewise, in terms of capital, the Risk-Based Capital (RBC) for
                                                                on Indonesia Stock Exchange, and Mitsui Sumitomo               conventional and sharia reached 2,011,51% and 120.00%,
                                                                Insurance Co., Ltd., became a Controlling Shareholder.         respectively. Both are above the minimum solvency ratios,
                                                                                                                               which are 120% for conventional and 100% for sharia.
                                                                In November 2023, the Company officially changed its name
                                                                from PT Asuransi Jiwa Sinarmas MSIG Tbk to PT MSIG Life
                                                                Insurance Indonesia Tbk, and gradually implemented logo
                                                                changes throughout 2024.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                  PT MSIG Life Insurance Indonesia Tbk
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Page 26
        Profil                                                                                                                                                                                                                                     Company
        Perusahaan                                                                                                                                                                                                                                   Profile




Tonggak Sejarah                                                                                                                                                             • Melakukan perubahan nama dan logo Perseroan dengan nama PT MSIG Life
                                                                                                                                                                              Insurance Indonesia Tbk;
                                                                                                                                                                            • Melakukan perubahan alamat situs web dan media sosial Perseroan;
Milestones                                                                                                                                                                  • Melakukan relokasi Kantor Pusat menjadi di Sinarmas MSIG Tower Lt. 6, Jl.
                                                                                       •   Melakukan peluncuran VEGA
                                                                                           sebagai aplikasi kebijakan satu         •		 Meningkatkan ekspansi keagenan         Jend. Sudirman Kav. 21 Jakarta Selatan 12920.
                                                                                           atap untuk nasabah, menggantikan            dengan menambah 9 Agen Kantor        • Meningkatkan ekspansi keagenan dengan meresmikan 7 Agen Kantor Mandiri;
                                                                                           M-Polis;                                    Mandiri;                             • Melakukan peluncuran produk asuransi baru bersama lembaga keuangan
                                                                                       •   Melakukan peluncuran ORION              •		 Melakukan peluncuran produk            perbankan;
                                                                                           sebagai aplikasi pemasaran dalam            tradisional di jalur distribusi      • Melakukan peluncuran situs web My Health Risk Score sebagai situs untuk
                                                                                           penjualan sehari-hari; dan                  keagenan dan bancassurance; dan        memprediksi risiko kesehatan pribadi; dan
                                                                                       •   Melakukan peluncuran CERES sebagai      •		 Mengimplementasikan integrasi        • Melakukan peluncuran aplikasi kesehatan MyFit+ untuk memantau aktivitas
                                                                                           aplikasi administrasi kepegawaian           sistem digital nasabah dan tenaga      harian dan kondisi usia biologis.
                                                                                           sekaligus mendukung program Work            pemasar untuk memudahkan
                                                                                           from Anywhere bagi karyawan.                layanan nasabah.                     • Changed the Company’s name and logo to PT MSIG Life Insurance Indonesia;
          •   Melakukan peresmian aplikasi digital M-Polis;                                                                                                                 • Changed the Company’s website address and social media platforms;
                                                                                       •   Launched VEGA as a one-stop policy      •		 Expanded the agency with 9 more
          •   Menjalankan proses pengimplementasian skema penjualan virtual                                                                                                 • Relocated the Head Office to Sinarmas MSIG Tower, 6th floor, Jl. Jend.
                                                                                           application for customers, replacing        Independent Office Agents;
              bagi produk tradisional; dan                                                                                                                                    Sudirman Kav. 21 Jakarta Selatan 12920.
                                                                                           M-Polis;                                •		 Launched traditional products
          •   Mengalami perubahan sistem keagenan dimulai sejak bulan
                                                                                       •   Launched ORION as a marketing               in agency and bancassurance          • Expanded the agency by adding 7 Independent Office Agents;
              Desember.
                                                                                           application for day-to-day sales; and       distribution channels; and           • Launched new insurance products with banking financial institutions;
          •   Launched M-Polis digital application;                                    •   Launched CERES as a personnel           •		 Implemented digital system           • Launched the My Health Risk Score website to predict personal health risks; and
          •   Began the process of implementing a virtual sales scheme for                 administration application while            integration for customers and        • Launched the MyFit+ health app to monitor daily activities and biological age
              traditional products; and                                                    supporting Work from Anywhere               marketers to facilitate customer       conditions.
          •   Started the transformation of agency system in December.                     program for employees.                      service.



                                         2020                                                          2021                                       2022                                                                2023
          •   Melakukan paparan publik pertama kalinya pada tanggal 20 Juni 2019;
          •   Resmi go public pada tanggal 28 Juni 2019;
          •   Melakukan penawaran umum perdana saham di Bursa Efek Indonesia
              pada tanggal 9 Juli 2019 dengan kode saham LIFE; dan
          •   Mitsui Sumitomo Insurance Co., Ltd. menjadi pemegang saham                                                                                                    Memperluas jaringan usaha dengan
              pengendali dengan kepemilikan saham sebesar 80%.                                                                                                              menambah jumlah kantor layanan
          •   Conducted the first public expose on June 20, 2019;                      Meluncurkan 3 produk bancassurance          Menjalin kerja sama bancassurance baru   dan pemasaran dalam jumlah besar di           Melakukan relokasi Kantor Manajemen
          •   Became a public company on June 28, 2019;                                baru serta meresmikan Telemarketing         bersama lembaga keuangan perbankan.      berbagai wilayah di Indonesia.                dan Layanan Nasabah ke Sinarmas MSIG
          •   Conducted initial public offering on Indonesia Stock Exchange on July    Call Center di Semarang.                    Entered into new bancassurance           Expanded the business network by              Tower, Sudirman, Jakarta Selatan.
              9, 2019, with stock code LIFE; and                                       Launched 3 new bancassurance                cooperation with banking financial       adding a large number of service              Relocated the Management and
          •   Mitsui Sumitomo Insurance Co., Ltd. became the Controlling               products and inaugurated                    institutions.                            and sales offices in various regions in       Customer Service Office to Sinarmas
              Shareholder with 80% shareholding.                                       Telemarketing Call Center in Semarang.                                               Indonesia.                                    MSIG Tower, Sudirman, South Jakarta.



                                       2019                                                              2018                                  2017                                         2016                                     2015

                                                                                       •   Menjadi perusahaan yang dimiliki                                                 •   Menjalin kerja sama dengan Mitsui
                                                                                           sepenuhnya oleh Sinar Mas Group;                                                     Sumitomo Insurance Co., Ltd.; dan
                                             •   Menjalin kerja sama dengan Ayala          dan                                                                              •   Melakukan perubahan nama
PT Asuransi Jiwa Purnamala                       Group Philippines; dan                •   Memperluas jangkauan bisnis dengan                                                   menjadi PT Asuransi Jiwa Sinarmas         Meluncurkan seri produk dengan
Internasional Indonesia mulai                •   Melakukan perubahan nama                  mendirikan unit usaha syariah.          Melakukan perubahan nama menjadi PT          MSIG.                                     merk dagang SMiLe (Sinarmas
beroperasional pada tanggal 14 April             menjadi PT Asuransi Jiwa Eka Life.    •   Become a company wholly owned by        Asuransi Jiwa Sinarmas dan berkantor     •   Entered into cooperation with             MSIG Life).
1985.                                        •   Entered into cooperation with Ayala       Sinar Mas Group; and                    pusat di Wisma Eka Jiwa.                     Mitsui Sumitomo Insurance Co., Ltd.;      Launched product series under the
PT Asuransi Jiwa Purnamala                       Group Philippines; and                •   Extended business coverage by           Changed its name to PT Asuransi Jiwa         and                                       trademark SMiLe (Sinarmas MSIG
Internasional Indonesia started              •   Changed its name to PT Asuransi           establishing a sharia business unit.    Sinarmas with head office at Wisma Eka   •   Changed its name to PT Asuransi           Life).
operating on April 14, 1985.                     Jiwa Eka Life.                                                                    Jiwa.                                        Jiwa Sinarmas MSIG.



                1985                                        1989                                      2005                                       2007                                       2011                              2012 - 2014




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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Page 27
      Profil                                                                                                                              Company
      Perusahaan                                                                                                                            Profile




Visi dan Misi                                                   Nilai-Nilai Perusahaan
Vision and Mission                                              Company Values




                                              MSIG                      Fokus pada        Senantiasa berupaya memberikan jaminan keamanan
                                                                                          kepada nasabah dan menciptakan kepuasan nasabah.
                                                                        Nasabah           Always striving to guarantee security to customers and
                                                                        Customer Focus    create customer satisfaction.




                     VISI Vission                                       Integritas
                                                                        Integrity
                                                                                          Tulus, jujur, dan adil dalam memberikan layanan.
                                                                                          Sincere, honest, and fair in providing services.


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                                Meraih pertumbuhan bersama dengan cara saling
group that consistently pursues sustainable growth and                                    menghargai kepribadian dan pendapat satu sama lain
                                                                        Kerja Sama Tim    serta saling berbagi pengetahuan dan ide.
enhances corporate value.                                               Teamwork          Achieving mutual growth by respecting each other’s
                                                                                          personalities, opinions, and sharing knowledge and ideas.




                     MISI Mission                                                         Mendengarkan para pemangku kepentingan dan
                                                                                          senantiasa berupaya memperbaiki cara bekerja
                                                                        Inovasi           dan berusaha.
                                                                        Innovation        Listening to stakeholders and constantly striving to
Memberikan kontribusi bagi pengembangan masyarakat                                        improve the way of working and doing business.
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                             Senantiasa meningkatkan kemampuan dan kecakapan
and peace of mind through the global insurance and financial            Profesionalisme   untuk memberikan layanan berkualitas tinggi.
services business.                                                      Professionalism   Continuously improving skills and capabilities to provide
                                                                                          high-quality services.




       PT MSIG Life Insurance Indonesia Tbk                                                                  PT MSIG Life Insurance Indonesia Tbk
50     Laporan Tahunan 2023                                                                                                    2023 Annual Report     51
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       Profil                                                                                                                                                                                                                               Company
       Perusahaan                                                                                                                                                                                                                             Profile




Filosofi Nama dan Logo Perusahaan                                                                                               Kegiatan Usaha
Philosophy of the Company’s Name and Logo                                                                                       Business Activities



                                                                                                                                Kegiatan Usaha Menurut Anggaran                               Business Activities According to
                                                                                                                                Dasar Terakhir                                                the Latest Articles of Association


                                                   MSIG                                                                         Sesuai dengan Pasal 3 Anggaran Dasar Perseroan terakhir,
                                                                                                                                maksud dan tujuan serta kegiatan usaha Perseroan adalah
                                                                                                                                menyelenggarakan usaha asuransi jiwa termasuk usaha
                                                                                                                                                                                              Pursuant to Article 3 of the latest Company’s Articles of
                                                                                                                                                                                              Association, the purposes, objectives, and business activities
                                                                                                                                                                                              of the Company are to engage in life insurance business,
                                                                                                                                dengan prinsip syariah dan dana pensiun lembaga keuangan.     including business with sharia principles and pension funds for
                                                                                                                                Seluruh kegiatan usaha Perseroan telah sesuai dengan          financial institutions. All of the Company’s business activities
                                                                                                                                peraturan perundangan dan mendapatkan izin dari Otoritas      have complied with laws and regulations and obtained permits
                                                                                                                                Jasa Keuangan.                                                from the Financial Services Authority.
Logo ini mewakili upaya Grup untuk mencapai pertumbuhan    The brand mark represents the endeavor of the group to
yang dinamis dan menjadi salah satu perusahaan terkemuka   achieve dynamic growth and become one of the leading
di masa ini dengan tetap mempertahankan ketangguhan yang   companies of the millennium while preserving unshakable              Kegiatan Usaha yang Dijalankan pada                           Business Activities Conducted in
dimiliki.                                                  reliability.                                                         Tahun Buku                                                    the Fiscal Year

Warna biru melambangkan tradisi kepercayaan dan layanan    The blue symbolizes a tradition of trust and quality service.        Pada tahun 2023, Perseroan telah menjalankan kegiatan usaha   In 2023, the Company conducted primary business activities
berkualitas. Sementara warna merah, berbentuk seperti      Whilst the red, like the crest of wave, is uplifting and conveys     utama yang tercantum pada Pasal 3 Anggaran Dasar Perseroan.   as listed in Article 3 of the Company’s Articles of Association.
puncak ombak, memberikan semangat dan komitmen untuk       the promise of growth in its ever-increasing upward sweep.
terus tumbuh berkelanjutan.


Sebagai elemen kunci dalam komunikasi visual, brandmark    The key element for visual communication, the brandmark
melambangkan filosofi perusahaan Mitsui Sumitomo           symbolizes the corporate philosophy of Mitsui Sumitomo
Insurance. Sebagai aturan umum, merek ini ditampilkan      Insurance. As a general rule, it is displayed in color (Mitsui Red
dalam warna tersebut (Mitsui berwarna merah dan Sumitomo   and Sumitomo Blue).
berwarna biru).




Tagline Perusahaan
Company Tagline




                                                Live oiut r way
                                                   y
            “MSIG Life ada untuk setiap makna hidupmu, 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.”




         PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                  PT MSIG Life Insurance Indonesia Tbk
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       Profil                                                                                                                                                                                                                                  Company
       Perusahaan                                                                                                                                                                                                                                Profile




Produk dan Jasa
Products and Services



Perseroan memiliki beragam produk asuransi jiwa dan               The Company has a variety of life and health insurance
kesehatan yang disesuaikan dengan kebutuhan nasabah               products tailored to customer needs as described below:
sebagaimana diuraikan sebagai berikut:




  1      Produk Asuransi Jiwa Individu
         Life Individual Insurance Products                                                                                            2   Produk Bancassurance
                                                                                                                                           Bancassurance Products

        Jenis asuransi yang diperuntukkan bagi perorangan.              A type of insurance intended for individuals. In addition to       Produk asuransi jiwa yang pemasarannya bekerja sama      Life insurance products that are marketed by cooperating
        Selain untuk diri sendiri, produk asuransi individu             themselves, individual insurance products generally also           dengan pihak Bank.                                       with Banks.
        umumnya juga menanggung anggota keluarga.                       cover family members.

                                                                                                                                                    B SMiLe Insurance                      Simas Prime Link                      Smart Ultima Link
           a. Asuransi Jiwa Dasar Tradisional                                               • SMiLe Berkat
              Traditional Basic Life Insurance                                              • SMiLe Income Protection X-Tra                     B SMiLe Insurance Syariah          Sinarmas Investment Protection              SMiLe Dana Sejahtera
                                                                                            • SMiLe Kid Insurance
                Produk asuransi jiwa yang menawarkan perlindungan                                                                                   B SMiLe Protection                    Sinarmas Maxi Life                   SMiLe Kids Insurance
                                                                                            • SMiLe Medika Ultimax
                terhadap risiko, tanpa unsur investasi.
                                                                                            • SMiLe Personal Accident
                Life insurance products that offer protection against                                                                           B SMiLe Protection Syariah             Sinarmas Maxi Assurance                  SMiLe Life Care Plus
                risks without investment element.                                           • SMiLe Pro Infinite
                                                                                            • SMiLe Super Sejahtera
                                                                                                                                                       Jempol Link                       Sinarmas Optima Plus                    SMiLe Life Syariah
                                                                                            • SMiLe Ekawaktu

                                                                                                                                                   Jempol Link Syariah                  Sinarmas Pension Plan                    SMiLe Link Investa

                                                                                                                                                 Simas Income Protection                Smart Flexi Optima Link                   SMiLe Link Plus
           b. Asuransi Jiwa Unit Link
                                                                                            • SMiLe Link 88
              Unit Link Life Insurance
                                                                                            • SMiLe Link 99                                        Simas Kid Insurance               Smart Investment Protection              SMiLe Link Pro Syariah
                Produk asuransi jiwa yang menggabungkan antara                              • SMiLe Link Pro 100
                manfaat perlindungan terhadap risiko dengan                                 • SMiLe Link Proasset                              Simas Kid Insurance Syariah                 Smart Life Guard                      SMiLe Optima Link
                manfaat investasi.
                Life insurance products that combine risk protection                                                                                Simas Legacy Plan                    Smart Life Protection                  SMiLe Premium Link
                benefits with investment benefits.
                                                                                                                                                     Simas Magna Link                    Smart Plan Protection


           c.   Asuransi Jiwa Syariah                                                       • SMiLe Link 88 Syariah
                Sharia Life Insurance

                Produk asuransi jiwa dengan prinsip saling
                                                                                            • SMiLe Link 99 Syariah
                                                                                            • SMiLe Link Pro 100 Syariah               3   Produk Asuransi Jiwa Kumpulan
                                                                                                                                           Group Life Insurance Products
                tolong menolong di antara para pemegang polis                               • SMiLe Link Proasset Syariah
                (peserta), yang dilakukan melalui pengumpulan                               • SMiLe Medika Ultimax Syariah                 Produk asuransi jiwa yang ditujukkan untuk melindungi    Life insurance products intended to protect employees and
                dan pengelolaan dana tabarru’. Hal ini memberikan                                                                          karyawan dan anggota keluarganya terhadap risiko         their family members against economic risks due to health
                manfaat jika menghadapi risiko tertentu melalui akad
                                                                                                                                           ekonomi akibat penurunan kondisi kesehatan,              deterioration, accidents, and death.
                (perikatan) sesuai dengan prinsip syariah.
                                                                                                                                           kecelakaan, dan kematian.
                Life insurance products with the principle of mutual
                assistance among policyholders (participants)
                through the collection and management of tabarru’
                                                                                                                                                  Group Term Life                         Personal Accident                         SMiLe Medicare
                funds. These products provide benefits in the event
                of certain risks through contracts (engagement)
                under sharia principles.




        PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
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       Profil                                                                                                                                                                                                                                     Company
       Perusahaan                                                                                                                                                                                                                                   Profile




Wilayah Operasional
Operational Area



                                                                                                                                                                                             Alamat Kantor Pusat
                                                                                                                                                                                             Head Office Address
                                                                                                                                                                                             Sinarmas MSIG Tower Lt. 6
                                                                                                                                                                                             Jl. Jend. Sudirman Kav. 21
                                                                                                                                                                                             Jakarta Selatan 12920
                                                                                                                                                                                                : (021) 5060 9999; 2650 8300
                                                                                                                                                                                                : www.msiglife.co.id
                                                                                                                                                                                                : 088 1234 1088

                                                                                                                                                                                             Customer Care
                                                                                                                                                                                             Email
                                                                                                                                                                                             Nasabah Perorangan / Individual Customers :
                                                                                                                                                                                             cs@msiglife.co.id
                                                                                                                                                                                             Nasabah Asuransi Kumpulan / Group Insurance Customers :
                                                                                                                                                                                             groupcs@msiglife.co.id
                                                                                                                                                                                             Waktu Operasional Senin – Jumat Pukul 08.00 - 17.00 WIB
                                                                                                                                                                                             (kecuali Hari Libur Nasional)
                                                                                                                                                                                             Operating Hours Monday–Friday, 8 AM to 5 PM GMT+7
                                                                                                                                                                                             (excluding National Holiday)




                                                                                                                                                                                                  Purwokerto                          Samarinda
          Alamat Kantor Pemasaran                                                                                                                                                                 Jl. S. Parman No. 239               Gedung Bank Sinarmas Lt. 2
          Address of Sales Office                                                                                                                                                                 Blok E                              Jl. Pangeran Antasari No. 48
                                                                                                                                                                                                  Purwokerto Kulon,                   Teluk Lerong Ulu, Sungai
                                                                                                                                                                                                  Purwokerto Selatan                  Kunjang
                                                                                                                                                                                                  Banyumas                            Samarinda
                                                                                                                                                                                                  T : (0281) 626485, 628103           T : (0541) 4107526, 4107329
                                                                                                                                                                                                  F : (0281) 622802                   F : (0541) 4107329
Bali                              Bandung                         Jakarta                         Jakarta                        Makassar                       Manado
Jl. Gatot Subroto Tengah No.      Wisma Simas All Finance Lt. 4   Wisma Eka Jiwa Lt. 9            Mall Ambassador Lt. 5          Kompleks Latanete Plaza Blok   Gedung Bank Sinarmas Lt. 5
100 Blok C-D, Lt. 2 & 3           Jl. Abdul Rivai No. 2           Jl. Mangga Dua Raya             Ruangan 9 A, B, C, D           D 11-12                        Jl. Sam Ratulangi No. 18          Semarang                            Semarang
Denpasar                          Bandung                         Jakarta Pusat                   Jl. Prof Dr. Satrio No. 8      Jl. Sungai Saddang             Ling. VI                          Rukan Pemuda Mas Lt. 1 & 2          Ruko Majamas Lt. 4
T : (0361) 237342                 T : (022) 4207676, 0888947      T : (021) 6257808, ext. 5401,   Jakarta Selatan                Makassar                       Wenang Utara, Wenang              Blok B 8                            Jl. Brigjen Sudiarto No. 198
F : (0361) 262197                 3193                            5200, 5914                      T : (021) 57933633             T : (0411) 3628522, 3626641    Manado                            Jl. Pemuda No. 150                  Gayamsari, Semarang
                                  F : (022) 4207220               F : (021) 6257837               F : (021) 57933600             F : (0411) 3616638             T : (0431) 844030                 Semarang
                                                                                                                                                                F : (0431) 855003                 T : (024) 3588828
                                                                                                                                                                                                  F : (024) 3588826
Batam                             Gorontalo                       Jakarta                         Kendari
Komplek Naga Sakti No. 1          Jl. HB Yassin No. 11 Lt. 3      Mall Ambassador Lt. 5 Ruangan   Komp. Ruko Sentra Kadia Blok   Mataram                        Medan
Jl. Raden Patah                   Limba B, Kota Selatan           10 C                            A No. 10                       Gedung SMMF Lt. 4              Gedung SMMF Lt. 5                 Surabaya
Lubuk Baja, Lubuk Baja            Gorontalo                       Jl. Prof. Dr. Satrio No. 8      Jl. Kol. Abdul Hamid           Jl. Pejanggik No. 22           Jl. Mangkubumi No. 18             Gedung Sinarmas Land Plaza Lt. 6 , Office 602-603
Batam                             T : (0435) 834865, 834863       Jakarta Selatan                 Kota Kendari                   Mataram Barat, Selaparang      Aur, Medan Maimun                 Jl. Pemuda No. 60-70
T : (0778) 4888175                                                T : (021) 56954647              T: (0401) 3415600              Mataram                        Medan                             Surabaya
F : (0778) 4169297                                                F : (021) 56954647                                             T: (0370) 7853802              T : (061) 4538538, 4517336        T : (031) 5318146
                                                                                                                                 F: (0370) 7853798              F : (061) 4517339                 F : (031) 5318146




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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       Profil                                                                                                                                                     Company
       Perusahaan                                                                                                                                                   Profile




          Kantor Pemasaran Mandiri
          Independent Marketing Office


AKM Smart Solution - Bali         AKM Lion Lucky - Bandung         AKM Ikigai Optimis Agency –     AKM New Prosper - Batam
Jl. Mahendradata No. 168B         Jl. Batununggal Raya No. 365     Bandung                         Ruko Anggrek Sari Blok G
                                                                   Jl. Mekar Utama I/22            No. 16
                                                                                                   Batam Center



AKM Colibri Agency - Cirebon      AKM Infinity Sinar Mulya -       AKM Olympus G - Denpasar        AKM Skystar Corporation –
Jl. Pangeran Cakrabuana           Cirebon                          Jl. Gatsu Timur No. 3B          Jakarta Barat
Blok Jepura No. 5                 Jl. Merdeka No. 5B                                               Gedung SOHO Podomoro City
                                                                                                   Lt. 7, Suite 2706
                                                                                                   Jl. Letjen S. Parman Kav. 28



AKM Grow Agency – Jakarta         AKM Power of Business            AKM Rumah Asuransi              AKM Lion Star Glory - Kediri
Barat                             Multiplication – Jakarta         Nusantara - Jakarta             Royal Heritage Blok A1
Gedung PJS Tower Unit 801-        Utara                            Ruko Wisma Gading Permai        Jl. Semampir Tengah
802                               Mall Indonesia                   Jl. Boulevard Raya No. 15
Jl. Daan Mogot KM 14 No. 1        Rukan Fenchwalk Evian G No. 21
                                  Jl. Boulevard Barat



AKM Success Agency -              AKM Infinity Agency -            AKM Olympus E - Malang          AKM Chan Agency - Medan
Kendari                           Lombok                           Ruko Malang Trade Center        Komplek CBD Polonia
Jl. Lasandara No. 11              Jl. Catur Warga No. 9C           Kav. A9                         Blok B No. 10
                                                                   Jl. R. Panji Suroso



AKM Optimis Medan 1               AKM Marwali Lino - Medan         AKM Yes Agency - Medan          AKM Rich Kingdom Agency -
Jl. Gatot Subroto Tengah          Sei Rengas II, Medan Area        Ruko Komplek Centre Point       Medan
No. 135                           Jl. Emas                         Business Park Blok M No. 5      Gedung Josephine Building
                                                                   Jl. Jawa No. 8                  Lt. 5
                                                                                                   Jl. H. Adam Malik No. 25-A



AKM YDK Group - Padang            AKM Lion King - Palembang        AKM Victory - Pekanbaru         AKM Star Infinite Group
Jl. Veteran No. 81A               Jl. Residen Abdul Rozak No.      Jl. Soekarno Hatta No. 25E      Agency – Madiun
                                  41-10                                                            Jl. Biliton



AKM Olympus A88 -                 AKM Olympus H - Surabaya         AKM Optimis Yess Agency -       AKM Shogun/Optimis -
Makassar                          Ruko Centra Darmo Villa          Surabaya                        Surabaya
Ruko Cendrawasih Square           Kav. C-12                        Jl. Jawa 2 Kav. 29              Komplek Pertokoan RMI
No. 18B                           Darmo Permai Selatan                                             Manyar Megah Indah Blok C
Jl. Jembatan Merah                                                                                 No. 10
                                                                                                   Jl. Ngagel Selatan



AKM Star Salihara Agency -        AKM Smart Solution -             AKM Jkt Triple V Infinity 7 -   AKM Kawanua Gamalama
Surabaya                          Tangerang                        Tangerang                       Agency -Ternate
Jl. Wono Agung No. 21             Komplek Green Lake City          Solvang Arcade Mission          Jl. MT. Habib Abubakar Al Attas
                                  Rukan Crown Blok H No. 7         Drive/09




          PT MSIG Life Insurance Indonesia Tbk                                                                                       PT MSIG Life Insurance Indonesia Tbk
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           Profil                                                                                                                                                                                                                                                                                     Company
           Perusahaan                                                                                                                                                                                                                                                                                   Profile




Struktur Organisasi
Organization Structure

                                                                                                         Rapat Umum Pemegang Saham
                                                                                                            General Meeting of Shareholders
         Komite Investasi dan Keuangan
          Investment and Finance Committee                                                                                                                                                                                                                                  Komite Audit
                                                                                                                                                                                                                                                                            Audit Committee
       Ketua / Chairman : Satoshi Shiratani
                                                                                                                                                                                                                                                         Ketua / Chairman      : Nazly Parlindungan Siregar
                                                                                                                                                                                                                                                         Anggota / Member      : Karel Tjahjadi
Komite Teknologi Informasi dan Operasional
 Information Technology and Operations Committee
                                                                                                                                                                                                                                                         		                      Bambang Santoso Marsoem
         Ketua / Chairman : Andrew Bain
                                                                                                                                                                                                                                                                      Komite Pemantau Risiko
                                                                       Direksi                                     Sharia Supervisory Board                                               Dewan Komisaris                                                               Risk Oversight Committee
         Komite Produk dan Pemasaran                                                                                 Sharia Supervisory Board                                           Board of Commissioners
          Product and Marketing Committee                        Board of Directors                                                                                                                                                                      Ketua / Chairman      : Sidharta Akmam
                                                                                                   Ketua / Chairman : Endy Muhammad Astiwara                  • Komisaris Utama /        : Indra Widjaja                                                 Anggota / Member      : Toshinari Tokoi
          Ketua / Chairman : Ken Terada                                                            Anggota / Member : Ahmadi Sukarno                            President Commissioner                                                                   		                      Renova Siregar
                                                                                                                                                              • Komisaris / Commissioner : Toshinari Tokoi                                               		                      Troy Steve Kipuw
            Komite Manajemen Risiko                                                                                                                                                        Hideaki Nomura
             Risk Management Committee                                                                                                                        • Komisaris Independen / : Ardhayadi Mitroatmodjo
      Ketua / Chairman : Tomoyuki Monden                                                                                                                        Independent Commissioners Sidharta Akmam                                                      Komite Kebijakan Tata Kelola Perusahaan
                                                                                                                                                                                           Nazly Parlindungan Siregar                                             Good Corporate Governance Committee

         Komite Sumber Daya Manusia                                                                                                                                                                                                                      Ketua / Chairman      : Toshinari Tokoi
             Human Resources Committee                                                                                                                                                                                                                   Anggota / Member      : Ardhayadi Mitroatmodjo
                                                                                                                                                                                                                                                         		                      Nazly Parlindungan Siregar
       Ketua / Chairman : Novelita Siregar
                                                                                                                                                                                                                                                         		                      Renova Siregar


                                                                                                                                                                                                                                                                 Komite Nominasi dan Remunerasi
        Leony Samosir                                                  Wianto                                                                                                        Vaji Vitrada Nasution                                                       Nomination and Remuneration Committee

   Sekretaris Perusahaan                                                                                                                                                                                                                                 Ketua / Chairman      : Sidharta Akmam
                                                             Presiden Direktur & CEO                                                                                                    Unit Audit Internal
    Corporate Secretary                                                                                                                                                                                                                                  Anggota / Member      : Indra Widjaja
                                                             President Director & CEO                                                                                                   Internal Audit Unit                                              		                      Toshinari Tokoi
                                                                                                                                                                                                                                                         		                      Hideaki Nomura
                                                                                                                                                                                                                                                         		                      Novelita Siregar




  Inasari Andayani                Herman Sulistyo                                                                                                               Novelita Siregar                     Satoshi Shiratani               Tju Cunardi                Tomoyuki Monden                     Renova Siregar
                                                                 Ken Terada                                                        Andrew Bain
      Atmodjo                                                                                Chief Customer &
                                  Director & Chief Agency,                                                                                                       Chief Human Capital               Deputy President Director &       Chief Actuarial              Director & Chief Risk        Chief Compliance, Legal, &
                                                                Director & Chief             Marketing Officer                    Director & Chief
      Chief Partnership            Corporate and Sharia                                                                                                                                                                                                                                           Corporate Secretary
                                                             Transformation Officer                                            Operating and IT Officer                 Officer                      Chief Financial Officer                                             Officer
     Distribution Officer             Business Officer



                                                                                            Branding and Digital                Operation Development         Human Capital Bussiness Partner
  Preferred Bank Partner              Agency Business        Digital Strategic Business                                                                                                                 Finance & Accounting      Product Management                Risk Management                     Compliance
                                                                                                Marketing                            and Control                 and Employee Relation


                                   Corporate Business and                                  Customer Management                                                Human Capital Bussiness Partner                                                                                                        Legal & Corporate
  Emerging Bank Partner                                           Data Analytics                                             Operations Digital Application                                               General Support        Incividual Product Pricing
                                           DPLK                                                and Protection                                                     and Talent Acquisition                                                                                                                 Secretary


                                                                 Transformation                                                                                 Human Capital Learning                 Corporate Planning &      MRI Pricing and Channel
           DMTM                        Japanese Desk                                      Corporate Communication             Operations QA and Reporting
                                                                 Business Project                                                                                 and Development                    Performance Management          Compensation


                                  Japanese Desk Business                                                                                                        Human Capital Rewards,
        MRI Business                                                                                                              Incividual Operations                                                     Investment                Group Actuary
                                     Transformation                                                                                                             Service Delivery & HRIS


 Partnership Development              Sharia Business                                                                              Group Operations                                                    Investment Operation       Valuation & Modeling


  Partnership Governance
                                                                                                                                         Claim                                                                                         Reinsurance
       and Quality


 Partnership Performance                                                                                                     Customer and Distributor Care
      Management


     Partnership Business                                                                                                        Distributor Operations
          Academy


                                                                                                                                           IT



                                                                                                                                     IT Governance




              PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                PT MSIG Life Insurance Indonesia Tbk
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         Profil                                                                                                                                                                                                                                    Company
         Perusahaan                                                                                                                                                                                                                                  Profile




Keanggotaan pada Asosiasi                                                                                          Profil Dewan Komisaris
Association Membership                                                                                             Profile of the Board of Commissioners




                                                                                                                                                                        Indra Widjaja
                                                                                                                                                                        Presiden Komisaris
                                                                                                                                                                        President Commissioner



Asosiasi Asuransi Jiwa Indonesia                   Asosiasi Asuransi Syariah Indonesia
                                                                                                                                                                                 Kewarganegaraan                     Usia                              Domisili
Indonesia Life Insurance Association               Indonesia Sharia Insurance Association                                                                                        Nationality                         Age                               Domicile
Skala / Scale: Nasional / National                 Skala / Scale: Nasional / National                                                                                            Warga Negara Indonesia              71 tahun / years old              Indonesia
Posisi Perseroan / Company’s Position:             Posisi Perseroan / Company’s Position:                                                                                        Indonesian Citizen
Anggota / Member                                   Anggota / Member


                                                                                                                   Dasar Hukum Pengangkatan dan Periode Menjabat                                 Legal Basis of Appointment and Term of Office
                                                                                                                   2023-2025       Akta No. 57 tanggal 27 Juni 2023;                             2023-2025 Deed No. 57 dated June 27, 2023;
                                                                                                                   2021-2023       Akta No. 59 tanggal 25 Mei 2021; dan                          2021-2023 Deed No. 59 dated May 25, 2021; and
                                                                                                                   2019-2021       Akta No. 46 tanggal 23 Mei 2019.                              2019-2021 Deed No. 46 dated May 23, 2019.

                                                                                                                   Penilaian Uji Kemampuan dan Kepatutan                                         Fit and Proper Test
                                                                                                                   Lulus Uji Kemampuan dan Kepatutan oleh Departemen Keuangan                    Passed the Fit and Proper Test by the Ministry Department of Finance
                                                                                                                   Republik Indonesia berdasarkan Keputusan Ketua Badan Pengawas                 of the Republic of Indonesia based on the Decision of Chairman of
                                                                                                                   Pasar Modal dan Lembaga Keuangan No. KEP-191/BL/2007 tentang                  Capital Market and Financial Institutions Supervisory Agency No. KEP-
                                                                                                                   Penetapan Hasil Penilaian Kemampuan dan Kepatutan atas nama                   191/BL/2007 on the Determination of Fit and Proper Test Results for
                                                                                                                   Indra Widjaja tanggal 18 Juni 2007.                                           Indra Widjaja dated June 18, 2007.
Indonesia Corporate Secretary Association          Lembaga Alternatif Penyelesaian Sengketa Sektor Jasa Keuangan
                                                                                                                   Riwayat Pendidikan                                                            Educational Background
Skala / Scale: Nasional / National                 Alternative Dispute Resolution Center in the
                                                                                                                   1974            Bachelor of Commerce dari Nanyang University.                 1974        Bachelor of Commerce from Nanyang University.
                                                   Financial Services Sector
Posisi Perseroan / Company’s Position:                                                                             Perjalanan Karier                                                             Career History
Anggota / Member                                   Skala / Scale: Nasional / National
                                                                                                                   2001-2023       Komisaris Utama PT Sinar Mas Multiartha Tbk;                  2005-2013   President Commissioner at PT Sinar Mas Multiartha Tbk;
                                                   Posisi Perseroan / Company’s Position:                          2005-2013       Direktur Utama PT Asuransi Sinar Mas;                         2005-2013   President Director at PT Asuransi Sinar Mas;
                                                   Anggota / Member                                                2003-2004       Komisaris Utama PT Asuransi Sinar Mas;                        2003-2004   President Commissioner at PT Asuransi Sinar Mas;
                                                                                                                   1999-2001       Komisaris Utama PT Sinar Mas Sekuritas;                       1999-2001   President Commissioner at PT Sinar Mas Sekuritas;
                                                                                                                   1999-2002       Wakil Komisaris Utama PT Sinartama Gunita;                    1999-2002   Deputy President Commissioner at PT Sinartama Gunita;
                                                                                                                   1989-1999       Presiden Direktur PT Bank Internasional Indonesia Tbk;        1989-1999 President Director at PT Bank Internasional Indonesia Tbk;
                                                                                                                   1984-2006       Komisaris PT Asuransi Jiwa Purnamala Internasional            1984-2006 Commissioner at PT Asuransi Jiwa Purnamala Internasional
                                                                                                                                   Indonesia (saat ini PT MSIG Life Insurance Indonesia Tbk);              Indonesia (now known as PT MSIG Life Insurance Indonesia
                                                                                                                                                                                                           Tbk);
                                                                                                                   1984-2003       Wakil Komisaris Utama PT Asuransi Sinar Mas;                  1984-2003 Deputy President Commissioner at PT Asuransi Sinar Mas;
                                                                                                                   1982-2001       Komisaris PT Sinar Mas Multiartha Tbk;                        1982-2001 Commissioner at PT Sinar Mas Multiartha Tbk;
                                                                                                                   1982-1989       Wakil Presiden Direktur PT Bank Internasional                 1982-1989 Deputy President Director at PT Bank Internasional
                                                                                                                                   Indonesia Tbk;                                                          Indonesia Tbk;
                                                                                                                   1974-1982       Direktur PT Witikco; dan                                      1974-1982 Director at PT Witikco; and
                                                                                                                   1974-1982       Direktur PT Bimoli.                                           1974-1982 Director at PT Bimoli.
                                                                                                                   Rangkap Jabatan di Luar Perseroan                                             Concurrent Positions Outside the Company
                                                                                                                   2013-sekarang Komisaris Utama PT Asuransi Sinar Mas;                          2013-now    President Commissioner at PT Asuransi Sinar Mas;
                                                                                                                   2009-sekarang Komisaris Utama PT AB Sinar Mas Multifinance;                   2009-now    President Commissioner at PT AB Sinar Mas Multifinance;
                                                                                                                   2004-sekarang Komisaris Utama PT Sinar Mas Multifinance;                      2004-now    President Commissioner at PT Sinar Mas Multifinance;
                                                                                                                   2002-sekarang Komisaris Utama PT Sinartama Gunita; dan                        2002-now    President Commissioner at PT Sinartama Gunita; and
                                                                                                                   1997-sekarang Komisaris Utama PT KB Insurance.                                1997-now    President Commissioner at PT KB Insurance.
                                                                                                                   Rangkap Jabatan di Dalam Perseroan                                            Concurrent Positions within the Company
                                                                                                                   2019-sekarang    Anggota Komite Nominasi dan Remunerasi.                      2019-now    Member of Nomination and Remuneration Committee.
                                                                                                                   Hubungan Afiliasi                                                             Affiliations
                                                                                                                   Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/              He has no financial relationship, share ownership. and/or family ties
                                                                                                                   atau keluarga dengan anggota Dewan Komisaris lainnya, Dewan                   with other members of the Board of Commissioners, Sharia Supervisory
                                                                                                                   Pengawas Syariah, Direksi, dan/atau pemegang saham utama dan                  Board, Board of Directors, and/or major and controlling shareholders,
                                                                                                                   pengendali, baik langsung maupun tidak langsung.                              either directly or indirectly.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
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          Profil                                                                                                                                                                                                                                                                   Company
          Perusahaan                                                                                                                                                                                                                                                                 Profile




                                                     Toshinari Tokoi                                                                                                                                     Hideaki Nomura
                                                     Komisaris                                                                                                                                           Komisaris
                                                     Commissioner                                                                                                                                        Commissioner




                                                             Kewarganegaraan                    Usia                              Domisili                                                                        Kewarganegaraan                    Usia                             Domisili
                                                             Nationality                        Age                               Domicile                                                                        Nationality                        Age                              Domicile
                                                             Warga Negara Jepang                67 tahun / years old              Jepang /                                                                        Warga Negara Jepang                60 tahun / years old             Jepang
                                                             Japanese Citizen                                                     Japan                                                                           Japanese Citizen                                                    Japan




Dasar Hukum Pengangkatan dan Periode Menjabat                               Legal Basis of Appointment and Term of Office                            Dasar Hukum Pengangkatan dan Periode Menjabat                               Legal Basis of Appointment and Term of Office
2023-2025       Akta No. 57 tanggal 27 Juni 2023;                           2023-2025 Deed No. 57 dated June 27, 2023;                               2023-2025     Akta No. 57 tanggal 27 Juni 2023;                             2023-2025 Deed No. 57 dated June 27, 2023;
2021-2023       Akta No. 59 tanggal 25 Mei 2021; dan                        2021-2023 Deed No. 59 dated May 25, 2021; and                            2021-2023     Akta No. 59 tanggal 25 Mei 2021; dan                          2021-2023 Deed No. 59 dated May 25, 2021; and
2019-2021       Akta No. 46 tanggal 23 Mei 2019.                            2019-2021 Deed No. 46 dated May 23, 2019.                                2019-2021     Akta No. 36 tanggal 22 Agustus 2019.                          2019-2021 Deed No. 36 dated August 22, 2019.

Penilaian Uji Kemampuan dan Kepatutan                                       Fit and Proper Test                                                      Penilaian Uji Kemampuan dan Kepatutan                                       Fit and Proper Test
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan               Passed the Fit and Proper Test by OJK based on the Decision of OJK’s     Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan               Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan               Board of Commissioners No. KEP-34/D.05/2013 on the Determination         berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan               Board of Commissioners No. KEP-91/KDK.05/2019 on the Fit and
No. KEP-34/D.05/2013 tentang Penetapan Hasil Penilaian Kemampuan            of Fit and Proper Test Results for Toshinari Tokoi dated May 29, 2013.   No. KEP-91/KDK.05/2019 tentang Hasil Penilaian Kemampuan dan                Proper Test Results for Hideaki Nomura dated October 3, 2019.
dan Kepatutan atas nama Toshinari Tokoi tanggal 29 Mei 2013.                                                                                         Kepatutan atas nama Hideaki Nomura tanggal 3 OKtober 2019.

Riwayat Pendidikan                                                          Educational Background                                                   Riwayat Pendidikan                                                          Educational Background
1980            Sarjana Hukum dan Politik dari Universitas Keio, Jepang.    1980        Bachelor of Laws and Politics from Keio University, Japan.   2004          Master of Business Administration dari Graduate School        2004        Master of Business Administration from Graduate
                                                                                                                                                                   of International Corporate Strategy, Hitotsubashi                         School of International Corporate Strategy, Hitotsubashi
Perjalanan Karier                                                           Career History                                                                         University, Tokyo;                                                        University, Tokyo;
2016-2017       Penasihat Khusus untuk M&A Activity Mitsui Sumitomo         2016-2017 Special Advisor for M&A Activity at Mitsui Sumitomo            2003          Master of Business Administration Exchange Program            2003        Master of Business Administration Exchange Program
                Insurance Co., Ltd., Jepang;                                          Insurance Co., Ltd., Japan;                                                  dari Anderson Business School, University of California,                  from Anderson Business School, University of California,
2012-2016       Associate Director for Overseas Life Insurance Mitsui       2012-2016 Associate Director for Overseas Life Insurance at                            Los Angeles; dan                                                          Los Angeles; and
                Sumitomo Insurance Co., Ltd.;                                         Mitsui Sumitomo Insurance Co., Ltd.;                           1986          Sarjana Ekonomi dari Universitas Keio, Jepang.                1986        Bachelor of Economics from Keio University, Japan.
2011-2012       General Manager, M&A Activity for Indian Life Mitsui        2011-2012 General Manager, M&A Activity for Indian Life at               Perjalanan Karier                                                           Career History
                Sumitomo Insurance Co., Ltd., Jepang;                                 Mitsui Sumitomo Insurance Co., Ltd., Japan;
                                                                                                                                                     2021-2022     Direktur BOCOM MSIG Life Insurance Co., Ltd., Cina;           2021-2022 Director at BOCOM MSIG Life Insurance Co., Ltd., China;
2006-2011       Chief Executive Officer Mitsui Sumitomo Insurance Co.,      2006-2011 Chief Executive Officer at Mitsui Sumitomo Insurance Co.,
                                                                                                                                                     2013-2019     General Manager Asian Life Insurance Business                 2013-2019 General Manager of Asian Life Insurance Business
                Ltd., Thailand;                                                       Ltd., Thailand;                                                              Department Mitsui Sumitomo Insurance Co., Ltd.;                         Department at Mitsui Sumitomo Insurance Co., Ltd.;
2005-2006       General Manager, Pengembangan Bisnis Wilayah Asia           2005-2006 General Manager, Business Development in East Asia and         2012-2020     Non-Executive Director Max Life Insurance Co., Ltd., India;   2012-2020 Non-Executive Director at Max Life Insurance Co., Ltd.,
                Timur dan India Mitsui Sumitomo Insurance Co., Ltd.;                  India Region at Mitsui Sumitomo Insurance Co., Ltd.;                                                                                                 India;
2003-2005       General Manager, Kepala bidang Kepatuhan untuk              2003-2005 General Manager, Head of Compliance for Foreign                2008-2013     Deputy General Manager Corporate Planning Department          2008-2013 Deputy General Manager of Corporate Planning
                Bisnis Luar Negeri Mitsui Sumitomo Insurance Co., Ltd.;               Business at Mitsui Sumitomo Insurance Co., Ltd.;                             and Asian Life Insurance Business Department                            Department and Asian Life Insurance Business Department
2000-2003       General Manager Assistant, Pengembangan Bisnis dan          2000-2003 General Manager Assistant, Business Development and                          Mitsui Sumitomo Insurance Co., Ltd.;                                    at Mitsui Sumitomo Insurance Co., Ltd.;
                Penjualan untuk Akun Korporat Wilayah Pusat Jepang;                   Sales for Corporate Accounts of Central Region, Japan;         2002-2008     Manager Human Resource Department and Corporate               2002-2008 Manager of Human Resource Department and Corporate
1997-2000       Manajer Pengembangan Bisnis Wilayah Asia Mitsui             1997-2000 Manager of Business Development for Asia Region at                           Planning Department Mitsui Sumitomo Insurance Co.,                      Planning Department at Mitsui Sumitomo Insurance Co.,
                Marine & Fire Insurance;                                              Mitsui Marine & Fire Insurance;                                              Ltd.;                                                                   Ltd.;
1992-1997       Wakil Presiden Direktur Mitsui Marine & Fire Insurance      1992-1997 Deputy President Director at Mitsui Marine & Fire              1998-2002     Deputy Manager Financial Business Planning Department         1998-2002 Deputy Manager of Financial Business Planning
                Asia, Singapura;                                                      Insurance Asia, Singapore;                                                   Mitsui Marine and Fire Insurance Co., Ltd. (saat ini Mitsui             Department at Mitsui Marine and Fire Insurance Co., Ltd.
1989-1992       Manajer Pengembangan Bisnis dan Penjualan untuk             1989-1992 Manager of Business Development and Sales for Corporate                      Sumitomo Insurance Co., Ltd.); dan                                      (now known as Mitsui Sumitomo Insurance Co., Ltd.); and
                Akun Korporasi Group Sony;                                            Accounts at Sony Group;                                        1986-1998     Tergabung dalam pemberian pinjaman kepada                     1986-1998 Engaged in providing loans to Japanese corporations,
1988-1989       Assistant Manager Marine Cargo Underwriting Mitsui          1988-1989 Assistant Manager of Marine Cargo Underwriting at Mitsui                     perusahaan-perusahaan Jepang, M&A Finance, Analis                       M&A Finance, Credit Analyst, Financial Derivatives Sales,
                Marine & Fire Insurance; dan                                          Marine & Fire Insurance; and                                                 Kredit, Financial Derivatives Sales, Bond Trading and                   Bond Trading and Fixed Income Market Analysis at
1980-1988       Pengawas Marine Cargo Underwriting Mitsui Marine &          1980-1988 Superintendent of Marine Cargo Underwriting at Mitsui                        Fixed Income Market Analysis di Cabang Tokyo, Cabang                    Tokyo Branch, Sapporo Branch, Tokyo Head Office and
                Fire Insurance.                                                       Marine & Fire Insurance.                                                     Sapporo, Kantor Pusat di Tokyo dan London berbasis                      London based on Investment Banking Subsidiary, Nippon
                                                                                                                                                                   Perbankan Investasi pada Entitas Anak Bank Nippon                       Credit Bank.
Rangkap Jabatan di Luar Perseroan                                           Concurrent Positions Outside the Company                                               Credit.
Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.          Currently he does not serve in any other position at another company.
                                                                                                                                                     Rangkap Jabatan di Luar Perseroan                                           Concurrent Positions Outside the Company
Rangkap Jabatan di Dalam Perseroan                                          Concurrent Positions within the Company                                  2021-sekarang Wakil Ketua Direksi BOCOM MSIG Life Insurance Co., Ltd.,      2021-now    Vice Chairman of the Board of Directors at BOCOM MSIG
2019-sekarang    Anggota Komite Pemantau Risiko;                            2019-now    Member of Risk Oversight Committee;                                        Cina;                                                                     Life Insurance Co., Ltd., China;
2019-sekarang    Ketua Komite Kebijakan Tata Kelola Perusahaan; dan         2019-now    Chairman of Good Corporate Governance Committee; and
                                                                                                                                                     2020-sekarang Direktur Max Financial Services Limited, India;               2020-now    Director at Max Financial Services Limited, India;
2019-sekarang    Anggota Komite Nominasi dan Remunerasi.                    2019-now    Member of Nomination and Remuneration Committee.
                                                                                                                                                     2019-sekarang Senior General Manager of International Life Insurance        2019-now    Senior General Manager of International Life Insurance
Hubungan Afiliasi                                                           Affiliations                                                                           Business Department MS&AD Insurance Group Holdings,                       Business Department at MS&AD Insurance Group Holding,
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/            He has no financial relationship, share ownership, and/or family ties                  Inc; dan                                                                  Inc; and
atau keluarga dengan anggota Dewan Komisaris lainnya, Dewan                 with other members of the Board of Commissioners, Sharia Supervisory     2019-sekarang Senior General Manager of Asian Life Insurance Business       2019-now    Senior General Manager of Asian Life Insurance Business
Pengawas Syariah, Direksi, dan/atau pemegang saham utama dan                Board, Board of Directors, and/or major and controlling shareholders,                  Department Mitsui Sumitomo Insurance Co., Ltd.                            Department at Mitsui Sumitomo Insurance Co., Ltd.
pengendali, baik langsung maupun tidak langsung.                            either directly or indirectly.
                                                                                                                                                     Rangkap Jabatan di Dalam Perseroan                                          Concurrent Positions within the Company
                                                                                                                                                     2019-sekarang Anggota Komite Nominasi dan Remunerasi.                       2019-now    Member of Nomination and Remuneration Committee.
                                                                                                                                                     Hubungan Afiliasi                                                           Affiliations
                                                                                                                                                     Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/            He has no financial relationship, share ownership. and/or family ties
                                                                                                                                                     atau keluarga dengan anggota Dewan Komisaris lainnya, Dewan                 with other members of the Board of Commissioners, Sharia Supervisory
                                                                                                                                                     Pengawas Syariah, Direksi, dan/atau Pemegang saham utama dan                Board, Board of Directors, and/or major and controlling shareholders,
                                                                                                                                                     pengendali, baik langsung maupun tidak langsung.                            either directly or indirectly.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
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         Profil                                                                                                                                                                                                                                                                    Company
         Perusahaan                                                                                                                                                                                                                                                                  Profile




                                                  Ardhayadi Mitroatmodjo                                                                                                                               Sidharta Akmam
                                                  Komisaris Independen                                                                                                                                 Komisaris Independen
                                                  Independent Commissioner                                                                                                                             Independent Commissioner




                                                          Kewarganegaraan                    Usia                             Domisili                                                                          Kewarganegaraan                     Usia                               Domisili
                                                          Nationality                        Age                              Domicile                                                                          Nationality                         Age                                Domicile
                                                          Warga Negara Indonesia             71 tahun / years old             Indonesia                                                                         Warga Negara Indonesia              65 tahun / years old               Indonesia
                                                          Indonesian Citizen                                                                                                                                    Indonesian Citizen




Dasar Hukum Pengangkatan dan Periode Menjabat                            Legal Basis of Appointment and Term of Office
2023-2025     Akta No. 57 tanggal 27 Juni 2023;                          2023-2025 Deed No. 57 dated June 27, 2023;                              Dasar Hukum Pengangkatan dan Periode Menjabat                                  Legal Basis of Appointment and Term of Office
2021-2023     Akta No. 59 tanggal 25 Mei 2021; dan                       2021-2023 Deed No. 59 dated May 25, 2021; and                           2023-2025       Akta No. 57 tanggal 27 Juni 2023;                              2023-2025 Deed No. 57 dated June 27, 2023;
2019-2021     Akta No. 46 tanggal 23 Mei 2019.                           2019-2021 Deed No. 46 dated May 23, 2019.                               2021-2023       Akta No. 59 tanggal 25 Mei 2021; dan                           2021-2023 Deed No. 59 dated May 25, 2021; and
                                                                                                                                                 2019-2021       Akta No. 46 tanggal 23 Mei 2019.                               2019-2021 Deed No. 46 dated May 23, 2019.
Penilaian Uji Kemampuan dan Kepatutan                                    Fit and Proper Test
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan            Passed the Fit and Proper Test by OJK based on the Decision of OJK’s    Penilaian Uji Kemampuan dan Kepatutan                                          Fit and Proper Test
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan            Board of Commissioners No. KEP-81/D.05/2013 on the Determination        Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                  Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
No. KEP-81/D.05/2013 tentang Penetapan Hasil Penilaian Kemampuan         of Fit and Proper Test Results for Independent Commissioner,            berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                  Board of Commissioners No. KEP-14/D.05/2015 on the Determination
dan Kepatutan bagi Komisaris Independen atas nama Ardhayadi              Ardhayadi Mitroatmodjo, dated August 15, 2013.                          No. KEP-14/D.05/2015 tentang Penetapan Hasil Penilaian Kemampuan               of Fit and Proper Test Results for Independent Commissioner, Sidharta
Mitroatmodjo tanggal 15 Agustus 2013.                                                                                                            dan Kepatutan bagi Komisaris Independen atas nama Sidharta Akmam               Akmam, dated February 12, 2015.
                                                                                                                                                 tanggal 12 Februari 2015.
Riwayat Pendidikan                                                       Educational Background
1986          Master in Banking Development dari American University,    1986        Master in Development Banking from American University,     Riwayat Pendidikan                                                             Educational Background
              Washington DC, Amerika Serikat; dan                                    Washington DC, USA; and                                     2018            Magister Hubungan Internasional dari Universitas               2018        Master of International Relations from Universitas
1976          Sarjana Ekonomi jurusan Akuntansi dari Universitas         1976        Bachelor of Economics in Accounting from Universitas                        Indonesia;                                                                 Indonesia;
              Gadjah Mada, Yogyakarta.                                               Gadjah Mada, Yogyakarta.                                    1987            Master of Business Administration dari Indiana University,     1987        Master of Business Administration from Indiana University,
Perjalanan Karier                                                        Career History                                                                          Amerika Serikat; dan                                                       USA; and
                                                                                                                                                 1984            Sarjana Ekonomi jurusan Manajemen dari Universitas             1974        Bachelor of Economics in Management from Universitas
2007-2012     Deputi Gubernur Bank Indonesia;                            2007-2012 Deputy Governor of Bank Indonesia;
2007          Direktur Direktorat Pengawasan Bank Swasta dan             2007      Director of Private and Foreign Banks Supervision                             Indonesia.                                                                 Indonesia.
              Asing, Bank Indonesia;                                               Directorate at Bank Indonesia;                                Perjalanan Karier                                                              Career History
2004-2007     Kepala Kantor Perwakilan Bank Indonesia Wilayah            2004-2007 Head of Bank Indonesia’s Europe Region Representative         2013-2015       Dosen Manajemen Strategis dan Risiko Universitas               2013-2015 Lecturer in Strategic and Risk Management at Universitas
              Eropa di London, Inggris;                                            Office in London, UK;                                                         Mercu Buana;                                                             Mercu Buana;
2003-2004     Direktur Direktorat Keuangan Intern, Bank Indonesia;       2003-2004 Director of Internal Finance Directorate at Bank Indonesia;   2012-2013       Kepala Divisi Compliance Management & Reporting Bank           2012-2013 Head of Compliance Management & Reporting Division at
2002-2003     Direktur Direktorat Pemeriksaan Bank Pemerintah,           2002-2003 Director of State-Owned Banks Audit Directorate at Bank                       CIMB Niaga;                                                              Bank CIMB Niaga;
              Bank Indonesia;                                                      Indonesia;                                                    2009-2012       Analis Senior Risk Management Group Bank CIMB Niaga;           2009-2012 Senior Analyst of Risk Management at Bank CIMB Niaga
2001-2002     Koordinator Kantor Bank Indonesia Wilayah Jawa             2001-2002 Coordinator of Bank Indonesia’s Regional Office for                                                                                                    Group;
              Tengah dan Yogyakarta, Bank Indonesia;                               Central Java and Yogyakarta Region;                           2006-2009       Direktur PT Niaga Aset Manajemen (saat ini PT Principal        2006-2009 Director at PT Niaga Aset Manajemen (now known as
2000-2001     Direktur Direktorat Pemeriksaan Bank Pemerintah,           2000-2001 Director of State-Owned Banks Audit Directorate at Bank                       Asset Management);                                                       PT Principal Asset Management);
              Bank Indonesia;                                                      Indonesia;                                                    2003-2006       Industry Analyst Risk Management PT Bank Niaga Tbk;            2003-2006 Industry Analyst in Risk Management at PT Bank Niaga Tbk;
1997-2000     Deputi Direktur Direktorat Pemeriksaan Bank Umum           1997-2000 Deputy Director of Private Commercial Banks Supervision       2000-2003       Direktur Investasi PT Niaga Aset Manajemen;                    2000-2003 Investment Director at PT Niaga Aset Manajemen;
              Swasta, Bank Indonesia;                                              Directorate at Bank Indonesia;                                1997-2000       Fund Manager PT Niaga Aset Manajemen;                          1997-2000 Fund Manager at PT Niaga Aset Manajemen;
1994-1997     Manajer/Kepala Eksekutif Bank di Direktorat Pengawasan     1994-1997 Manager/Chief Executive of State-Owned Banks Supervision      1995-1997       Kepala Divisi Risk & Asset Liability Management untuk          1995-1997 Head of Risk & Asset Liability Management Division for
              Bank Pemerintah, Bank Indonesia;                                     Directorate at Bank Indonesia;                                                risiko kredit perbankan dan risiko pasar transaksi tresuri               banking credit risk and market risk of treasury transaction
1984-1987     Assistant Manager Biro Pengawasan Bank Umum                1984-1987 Assistant Manager of State-Owned Banks Supervision                            PT Bank Niaga Tbk; dan                                                   at PT Bank Niaga Tbk; and
              Pemerintah di Direktorat Pengawasan, Bank Indonesia;                 Bureau, Supervision Directorate at Bank Indonesia;            1988-1995       Correspondent Banking/Financial Institution dan Credit         1988-1995 Correspondent Banking/Financial Institution and Credit
1978-1984     Computer Programmer/Assistant Manager Direktorat           1978-1984 Computer Programmer/Assistant Manager of Information                          Analyst untuk Industri Perbankan di Divisi Perbankan                     Analyst for Banking Industry in International Banking
              Informasi dan Teknologi, Bank Indonesia;                             and Technology Directorate at Bank Indonesia;                                 Internasional PT Bank Niaga Tbk.                                         Division at PT Bank Niaga Tbk.
1977-1998     Staff/Analyst Underwriter PT Danareksa; dan                1977-1998 Underwriter Staff/Analyst at PT Danareksa; and
                                                                                                                                                 Rangkap Jabatan di Luar Perseroan                                              Concurrent Positions Outside the Company
1976-1977     Staff PT Bank Tabungan Negara.                             1976-1977 Staff at PT Bank Tabungan Negara.                             Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.             Currently he does not serve in any other position outside the company.
Rangkap Jabatan di Luar Perseroan                                        Concurrent Positions Outside the Company                                Rangkap Jabatan di Dalam Perseroan                                             Concurrent Positions within the Company
2020-sekarang Komisaris Independen PT Sinar Mas Agro Resources and       2020-now    Independent Commissioner at PT Sinar Mas Agro Resources     2023-sekarang Ketua Komite Pemantau Risiko; dan                                2023-now    Chairman of Risk Oversight Committee; and
              Technology Tbk (PT SMART Tbk).                                         and Technology Tbk (PT SMART Tbk).                          2019-sekarang Ketua Komite Nominasi dan Remunerasi.                            2019-now    Chairman of Nomination and Remuneration Committee.

Rangkap Jabatan di Dalam Perseroan                                       Concurrent Positions within the Company                                 Hubungan Afiliasi                                                              Affiliations
2019-sekarang Anggota Komite Kebijakan Tata Kelola Perusahaan.           2019-now    Member of Good Corporate Governance Committee.              Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/               He has no financial relationship, share ownership. and/or family ties
                                                                                                                                                 atau keluarga dengan anggota Dewan Komisaris lainnya, Dewan                    with other members of the Board of Commissioners, Sharia Supervisory
Hubungan Afiliasi                                                        Affiliations                                                            Pengawas Syariah, Direksi, dan/atau pemegang saham utama dan                   Board, Board of Directors, and/or major and controlling shareholders,
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/         He has no financial relationship, share ownership. and/or family ties   pengendali, baik langsung maupun tidak langsung.                               either directly or indirectly.
atau keluarga dengan anggota Dewan Komisaris lainnya, Dewan              with other members of the Board of Commissioners, Sharia Supervisory
Pengawas Syariah, Direksi, dan/atau pemegang saham utama dan             Board, Board of Directors, and/or major and controlling shareholders,   Pernyataan Independensi                                                        Statement of Independence
pengendali, baik langsung maupun tidak langsung.                         either directly or indirectly.                                          Beliau telah menjabat selama 3 periode dan telah menyatakan dirinya            He has served for 3 terms and has declared himself independent to
                                                                                                                                                 tetap independen kepada RUPS.                                                  the GMS.
Pernyataan Independensi                                                  Statement of Independence
Beliau telah menjabat selama 3 periode dan telah menyatakan dirinya      He has served for 3 terms and has declared himself independent to
tetap independen kepada RUPS.                                            the GMS.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
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         Profil                                                                                                                                                                                                                                                                        Company
         Perusahaan                                                                                                                                                                                                                                                                      Profile




                                                                                                                                                     Profil Dewan Pengawas Syariah
                                                   Nazly Parlindungan Siregar
                                                                                                                                                     Profile of the Sharia Supervisory Board
                                                   Komisaris Independen
                                                   Independent Commissioner




                                                            Kewarganegaraan
                                                            Nationality
                                                                                                Usia
                                                                                                Age
                                                                                                                                  Domisili
                                                                                                                                  Domicile                                                               Endy Muhammad Astiwara
                                                            Warga Negara Indonesia              56 tahun / years old              Indonesia                                                              Ketua Dewan Pengawas Syariah
                                                            Indonesian Citizen                                                                                                                           Chairman of the Sharia Supervisory Board




                                                                                                                                                                                                                    Kewarganegaraan                     Usia                              Domisili
Dasar Hukum Pengangkatan dan Periode Menjabat                               Legal Basis of Appointment and Term of Office                                                                                           Nationality                         Age                               Domicile
2022-2024     Akta No. 70 tanggal 22 November 2022; dan                     2022-2024 Deed No. 70 dated November 22, 2022; and
                                                                                                                                                                                                                    Warga Negara Indonesia              60 tahun / years old              Indonesia
2020-2022     Akta No. 1 tanggal 1 Oktober 2020.                            2020-2022 Deed No. 1 dated October 1, 2020.                                                                                             Indonesian Citizen

Penilaian Uji Kemampuan dan Kepatutan                                       Fit and Proper Test
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan               Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan               Board of Commissioners No. KEP-58/KDK.05/2020 on the Fit and             Dasar Hukum Pengangkatan dan Periode Menjabat                                  Legal Basis of Appointment and Term of Office
No. KEP-58/KDK.05/2020 tentang Hasil Penilaian Kemampuan dan                Proper Test Results for Independent Commissioner, Nazly Parlindungan     2023-2025      Akta No. 57 tanggal 27 Juni 2023;                               2023-2025 Deed No. 57 dated June 27, 2023;
Kepatutan bagi Komisaris Independen atas nama Nazly Parlindungan            Siregar, dated September 23, 2020.                                       2021-2023      Akta No. 59 tanggal 25 Mei 2021; dan                            2021-2023 Deed No. 59 dated May 25, 2021; and
Siregar tanggal 23 September 2020.                                                                                                                   2019-2021      Akta No. 46 tanggal 23 Mei 2019.                                2019-2021 Deed No. 46 dated May 23, 2019.
Riwayat Pendidikan                                                          Educational Background                                                   Penilaian Uji Kemampuan dan Kepatutan                                          Fit and Proper Test
2005          Master of Science in Taxation dari Golden Gate University,    2005        Master of Science in Taxation from Golden Gate University,   Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                  Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
              California, USA; dan                                                      California, USA; and                                         berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                  Board of Commissioners No. KEP-224/NB.1/2015 on the Determination
1998          Bachelor of Science in Commerce jurusan Akuntansi dari        1998        Bachelor of Science in Commerce, majoring in Accounting      No. KEP-224/NB.1/2015 tentang Penetapan Kelulusan Penilaian                    of the Fit and Proper Test Results for Endy Muhammad Astiwara dated
              Santa Clara University, California, USA.                                  from Santa Clara University, California, USA.                Kemampuan dan Kepatutan atas nama Endy Muhammad Astiwara                       February 10, 2015.
                                                                                                                                                     tanggal 10 Februari 2015.
Perjalanan Karier                                                           Career History
2019-2020     Indonesian Desk Lead/Asset Management Real Estate             2019-2020 Indonesian Desk Lead/Asset Management Real Estate at           Riwayat Pendidikan                                                             Educational Background
              KPMG Services, Pte., Ltd., Singapura;                                   KPMG Services, Pte., Ltd., Singapore;                          2015           Doktor Ushul al-Fiqh (Metodologi Hukum Islam) dari              2015        Doctor of Ushul al-Fiqh (Methodology of Islamic Law) from
2017-2018     Senior Tax Advisor Kantor Konsultan Hukum Assegaf             2017-2018 Senior Tax Advisor at Assegaf Hamzah & Partners Legal                         Universitas Islam Negeri Syarif Hidayatullah, Jakarta;                      Universitas Islam Negeri Syarif Hidayatullah, Jakarta;
              Hamzah & Partners, Jakarta;                                             Consultant Office, Jakarta;                                    1999           Magister      Ekonomi     Islam      dari    Universitas        1999        Master of Islamic Economics from Universitas
2016-2019     Komisaris Independen PT Asuransi Jiwa Sequis Life,            2016-2019 Independent Commissioner at PT Asuransi Jiwa Sequis Life,                     Muhammadiyah, Jakarta; dan                                                  Muhammadiyah, Jakarta; and
              Jakarta;                                                                Jakarta;                                                       1990           Dokter Umum dari Universitas Padjajaran, Bandung.               1990        Physician (General Practitioner) from Universitas
2015-2017     Praktisi dan Penasihat Independen, Jakarta;                   2015-2017 Independent Practitioner and Advisor, Jakarta;                                                                                                            Padjajaran, Bandung.
2013-2015     International Tax Partner Deloitte Indonesia, Jakarta;        2013-2015 International Tax Partner at Deloitte Indonesia, Jakarta;      Perjalanan Karier                                                              Career History
2009-2012     Director of Tax PricewaterhouseCoopers (PwC), Jakarta;        2009-2012 Director of Tax at PricewaterhouseCoopers (PwC), Jakarta;      2016-2017      Ketua Bidang Bisnis dan Pariwisata Dewan Syariah                2016-2017 Chairman of Business and Tourism Division of National
2006-2008     Senior Manager US Corporate Tax Services, London,             2006-2008 Senior Manager of US Corporate Tax Services, London,
                                                                                                                                                                    Nasional Majelis Ulama Indonesia;                                         Sharia Council of Indonesian Ulema Council;
              United Kingdom; dan                                                     United Kingdom; and                                            2010-2016      Anggota Dewan Standar Akuntansi Syariah - Ikatan                2010-2016 Member of Sharia Accounting Standards Board of Institute
1999-2006     International Tax Manager Deloitte Tax LLP, San               1999-2006 International Tax Manager at Deloitte Tax LLP, San
                                                                                                                                                                    Akuntan Indonesia (DSAS – IAI);                                           of Indonesia Chartered Accountants (DSAS – IAI);
              Fransisco, California USA.                                              Fransisco, California, USA.                                    2003-2015      Anggota Kelompok Kerja Industri Keuangan Non-Bank               2003-2015 Member of Non-Bank Financial Industry Working Group of
Rangkap Jabatan di Luar Perseroan                                           Concurrent Positions Outside the Company                                                Majelis Ulama Indonesia;                                                  Indonesian Ulema Council;
2023-sekarang Komisaris Independen PT AIG Insurance Indonesia;              2020-now    Independent Commissioner at PT AIG Insurance Indonesia;      2002-2003      Kepala Divisi Pengembangan Sumber Daya Manusia                  2002-2003 Human Resources Development Division Head at PT
2020-sekarang Komisaris Independen PT Principal Asset Management            2020-now    Independent Commissioner at PT Principal Asset                              PT Syarikat Takaful Indonesia;                                            Syarikat Takaful Indonesia;
              Indonesia; dan                                                                                                                         2001-2002      General Manager Sumber Daya Manusia dan Pengelolaan             2001-2002 General Manager Human Resources and Services at
                                                                                        Management Indonesia; and
2020-sekarang Partner in Tax & Customs di Kantor Konsultan Hukum            2020-now    Partner in Tax & Customs at Assegaf Hamzah & Partners                       PT Asuransi Takaful Keluarga;                                             PT Asuransi Takaful Keluarga;
              Assegaf Hamzah & Partners.                                                                                                             1997-1999      Manajer Riset dan Pengembangan PT Syarikat Takaful              1997-1999 Research and Development Manager at PT Syarikat
                                                                                        Legal Consultant Office.
                                                                                                                                                                    Indonesia;                                                                Takaful Indonesia;
Rangkap Jabatan di Dalam Perseroan                                          Concurrent Positions within the Company                                  1997           Manajer Pengembangan Bisnis PT Syarikat Takaful                 1997      Business Development Manager at PT Syarikat Takaful
2020-sekarang Ketua Komite Audit; dan                                       2020-now    Chairman of Audit Committee; and                                            Indonesia; dan                                                            Indonesia; and
2020-sekarang Anggota Komite Kebijakan Tata Kelola Perusahaan.              2020-now    Member of Good Corporate Governance Committee.               1996           Kepala Seksi Asuransi Kesehatan Underwriter Individu            1996      Health Insurance Section Head, Individual Underwriter at
Hubungan Afiliasi                                                           Affiliations                                                                            PT Asuransi Takaful Keluarga.                                             PT Asuransi Takaful Keluarga.
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/            She has no financial relationship, share ownership. and/or family ties   Rangkap Jabatan di Luar Perseroan                                              Concurrent Positions Outside the Company
atau keluarga dengan anggota Dewan Komisaris lainnya, Dewan                 with other members of the Board of Commissioners, Sharia Supervisory     2021-sekarang Wakil Rektor Universitas YARSI;                                  2021-now    Deputy Rector of Universitas YARSI;
Pengawas Syariah, Direksi, dan/atau pemegang saham utama dan                Board, Board of Directors, and/or major and controlling shareholders,
pengendali, baik langsung maupun tidak langsung.                            either directly or indirectly.                                           2019-sekarang Dewan Pengawas Syariah Multifinance Astra;                       2019-now    Sharia Supervisory Board of Astra Multifinance;
                                                                                                                                                     2017-sekarang Anggota Komisi Fatwa Majelis Ulama Indonesia;                    2017-now    Member of Fatwa Commission of Indonesian Ulema Council;
Pernyataan Independensi                                                     Statement of Independence
Beliau telah menjabat selama 3 periode dan telah menyatakan dirinya         He has served for 3 terms and has declared herself independent to        2014-sekarang Dewan Pengawas Syariah Astra Sedaya Finance;                     2014-now    Sharia Supervisory Board of Astra Sedaya Finance;
tetap independen kepada RUPS.                                               the GMS.                                                                 2004-sekarang Dewan Pengawas Syariah Mandiri Manajemen                         2004-now    Sharia Supervisory Board of Mandiri Manajemen Investasi;
                                                                                                                                                                   Investasi; dan                                                               and
                                                                                                                                                     2003-sekarang Dewan Syariah Nasional Majelis Ulama Indonesia.                  2003-now    National Sharia Council of Indonesian Ulema Council.

Perubahan Komposisi Anggota Dewan                                           Changes in Composition of the Board of                                   Rangkap Jabatan di Dalam Perseroan                                             Concurrent Positions within the Company
                                                                                                                                                     Saat ini beliau tidak memiliki rangkap jabatan di Perseroan.                   Currently he does not serve in any other position in the company.
Komisaris dan Alasan Perubahan                                              Commissioners and Reasons for the Change
                                                                                                                                                     Hubungan Afiliasi                                                              Affiliations
                                                                                                                                                     Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/               He has no financial relationship, share ownership. and/or family ties
Pada tahun 2023, tidak terdapat perubahan terkait komposisi                 In 2023, there was no change in the composition of the                   atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                   with the Board of Commissioners, other members of Sharia Supervisory
                                                                                                                                                     Syariah lainnya, Direksi, dan/atau pemegang saham utama dan                    Board, Board of Directors, and/or major and controlling shareholders,
anggota Dewan Komisaris Perseroan. Komposisi Dewan                          Company’s Board of Commissioners. The composition of the                 pengendali, baik langsung maupun tidak langsung.                               either directly or indirectly.
Komisaris Perseroan telah memenuhi ketentuan dalam                          Company’s Board of Commissioners has fulfilled the provisions
Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014.                       stated in OJK Regulation No. 33/POJK.04/2014.


            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
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Page 37
         Profil                                                                                                                                                                                                                                                                           Company
         Perusahaan                                                                                                                                                                                                                                                                         Profile




                                                    Ahmadi Sukarno
                                                                                                                                                         Profil Direksi
                                                    Anggota Dewan Pengawas Syariah
                                                                                                                                                         Profile of the Board of Directors
                                                    Member of the Sharia Supervisory Board




                                                               Kewarganegaraan                     Usia                              Domisili
                                                               Nationality                         Age                               Domicile
                                                               Warga Negara Indonesia
                                                               Indonesian Citizen
                                                                                                   55 tahun / years old              Indonesia                                                               Wianto
                                                                                                                                                                                                             Presiden Direktur & CEO
                                                                                                                                                                                                             President Director & CEO


Dasar Hukum Pengangkatan dan Periode Menjabat                                  Legal Basis of Appointment and Term of Office
2023-2025      Akta No. 57 tanggal 27 Juni 2023;                               2023-2025 Deed No. 57 dated June 27, 2023;
2021-2023      Akta No. 59 tanggal 25 Mei 2021; dan                            2021-2023 Deed No. 59 dated May 25, 2021; and                                                                                         Kewarganegaraan                        Usia                             Domisili
                                                                                                                                                                                                                     Nationality                            Age                              Domicile
2019-2021      Akta No. 46 tanggal 23 Mei 2019.                                2019-2021 Deed No. 46 dated May 23, 2019.
                                                                                                                                                                                                                     Warga Negara Indonesia                 52 tahun / years old             Indonesia
Penilaian Uji Kemampuan dan Kepatutan                                          Fit and Proper Test                                                                                                                   Indonesian Citizen
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                  Passed the Fit and Proper Test by OJK based on the Decision of
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                  OJK’s Board of Commissioners No. KEP-226/NB.1/2015 on the
No. KEP-226/NB.1/2015 tentang Penetapan Kelulusan Penilaian                    Determination of the Fit and Proper Test Results for Ahmadi Sukarno
Kemampuan dan Kepatutan atas nama Ahmadi Sukarno tanggal                       dated February 10, 2015.                                                  Dasar Hukum Pengangkatan dan Periode Menjabat                                  Legal Basis of Appointment and Term of Office
10 Februari 2015.                                                                                                                                        2022-2024      Akta No. 70 tanggal 22 November 2022; dan                       2022-2024 Deed No. 70 dated November 22, 2022; and
                                                                                                                                                         2020-2022      Akta No. 51 tanggal 29 Juli 2020.                               2020-2022 Deed No. 51 dated July 29, 2020.
Riwayat Pendidikan                                                             Educational Background
2015           Doktor Pendidikan Islam Universitas Ibnu Khaldun,               2015        Doctor of Islamic Studies from Universitas Ibnu Khaldun,      Penilaian Uji Kemampuan dan Kepatutan                                          Fit and Proper Test
               Bogor;                                                                      Bogor;                                                        Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                  Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
2004           Pascasarjana Program Studi Ekonomi Islam Universitas            2014        Postgraduate Program in Islamic Economics from                berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                  Board of Commissioners No. KEP-23/KDK.05/2020 on the Fit and
               Islam Negeri Syarif Hidayatullah, Jakarta;                                  Universitas Islam Negeri Syarif Hidayatullah, Jakarta;        No. KEP-23/KDK.05/2020 tentang Hasil Penilaian Kemampuan dan                   Proper Test Results for Wianto dated July 8, 2020.
2002           Magister Agama Islam Konsentrasi Hukum Mu’amalah                2022        Master of Islamic Studies with a Concentration in Islamic     Kepatutan atas nama Wianto tanggal 8 Juli 2020.
               Islam Universitas Ibnu Khaldun, Bogor; dan                                  Commercial Law from Universitas of Ibnu Khaldun,
                                                                                           Bogor; and                                                    Riwayat Pendidikan                                                             Educational Background
1994           Sarjana Fakultas Syari’ah Ma’had Al’Ulum Al Islamiyah           1994        Bachelor from Sharia Faculty of Ma’had Al’Ulum Al Islamiyah   2004           Sarjana Akuntansi dari Universitas Nommensen.                   2004        Bachelor of Accounting from Universitas Nommensen.
               wal’arabiyah binaan Universitas Muhammad ibn Sa’ud.                         wal’arabiyah under Universitas Muhammad ibn Sa’ud.            Perjalanan Karier                                                              Career History
Perjalanan Karier                                                              Career History                                                            2011-2020      Anggota Direksi PT Asuransi Jiwa Generali Indonesia;            2011-2020 Members of the Board of Directors of PT Asuransi Jiwa
2004-2009      Anggota DPRD Kota Bogor, Jawa Barat;                            2004-2009 Member of the Regional People’s Representative Council                                                                                                   Generali Indonesia;
                                                                                         (DPRD) of Bogor City, West Java;                                2006-2011      Senior Vice President PT Panin Life; dan                        2006-2011 Senior Vice President at PT Panin Life; and
2000-2004      Sekretaris Dewan Pengawas Syariah PT Syarikat Takaful           2000-2004 Secretary of Sharia Supervisory Board at PT Syarikat            1998-2006      Manager PT Prudential Life Assurance.                           1998-2006 Manager at PT Prudential Life Assurance.
               Indonesia;                                                                Takaful Indonesia;                                              Rangkap Jabatan di Luar Perseroan                                              Concurrent Positions Outside the Company
1998-2000      Dosen Pendidikan Agama Islam Institut Pertanian Bogor;          1998-2000 Lecturer of Islamic Education at Institut Pertanian Bogor;      Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.             Currently he does not serve in any other position at another company.
1996-1998      Guru Bahasa Arab STM YAPIS, Bogor; dan                          1996-1998 Arabic Teacher at STM YAPIS, Bogor; and
1993-1997      Dosen Ma’had (Lembaga Studi Islam) Institut                     1993-1997 Lecturer of Ma’had (Islamic Studies Institute) at Institut      Rangkap Jabatan di Dalam Perseroan                                             Concurrent Positions within the Company
               Sholahudin, Bogor.                                                        Sholahudin, Bogor.                                              2023-sekarang Anggota Sumber Daya Manusia;                                     2023-now    Member of Human Resources Committee;
                                                                                                                                                         2021-sekarang Anggota Komite Manajemen Risiko;                                 2021-now    Member of Risk Management Committee;
Rangkap Jabatan di Luar Perseroan                                              Concurrent Positions Outside the Company                                  2020-sekarang Anggota Komite Investasi dan Keuangan; dan                       2020-now    Member of Investment and Finance Committee; and
2022-sekarang Ketua Dewan Pengawas Syariah PT Nano Bank Syariah                2022-now    Chairman of the Sharia Supervisory Board of PT Nano           2020-sekarang Anggota Komite Produk dan Pemasaran.                             2020-now    Member of Product and Marketing Committee.
              (sesuai Rekomendasi                                                          Bank Syariah (in accordance with the Recommendation of
                                                                                                                                                         Hubungan Afiliasi                                                              Affiliations
              DSN-MUI:U-0134/DSN-MUI/II/2022/10 Februari 2022;                             DSN-MUI: U-0134/DSN-MUI/II/2022/February 10, 2022);
                                                                                                                                                         Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/               He has no financial relationship, share ownership. and/or family ties
2019-sekarang Dosen Tetap STIT Fatahillah, Cileungsi;                          2019-now    Permanent Lecturer at STIT Fatahillah, Cileungsi;
                                                                                                                                                         atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                   with the Board of Commissioners, Sharia Supervisory Board, other
2017-sekarang Ketua Dewan Pengawas Syariah Unit Usaha Syariah                  2017-now    Chairman of Sharia Supervisory Board, Sharia Business         Syariah, Direksi lainnya, dan/atau pemegang saham utama dan                    members of the Board of Directors, and/or major and controlling
              Bank Sinarmas; dan                                                           Unit at Bank Sinarmas; and                                    pengendali, baik langsung maupun tidak langsung.                               shareholders, either directly or indirectly.
2014-sekarang Ketua Dewan Pengawas Syariah PT Sinarmas Syariah                 2014-now    Chairman of Sharia Supervisory Board of PT Sinarmas
              Asset Management.                                                            Syariah Asset Management.                                     Penghargaan                                                                    Awards
                                                                                                                                                         6 April 2023   Indonesia 50 Most Popular CEO 2023: Top CEO in                  April 6, 2023 Indonesia 50 Most Popular CEO 2023: Top CEO in
Rangkap Jabatan di Dalam Perseroan                                             Concurrent Positions within the Company                                                  Innovative Action dari The Iconomics;                                         Innovative Action from The Iconomics;
Saat ini beliau tidak memiliki rangkap jabatan di Perseroan.                   Currently he does not serve in any other position in the company.         31 Mei 2023    Best Leader for Sustainability Acceleration Through             May 31,       Best Leader for Sustainability Acceleration Through
                                                                                                                                                                        Development of Long-Term Financial Planning Solutions           2023          Development of Long-Term Financial Planning Solutions
Hubungan Afiliasi                                                              Affiliations                                                                             dari Warta Ekonomi; dan                                                       from Warta Ekonomi; and
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/               He has no financial relationship, share ownership. and/or family ties
                                                                                                                                                         19 Oktober     The Most Committed Top Leader on Human Capital 2023             October 19, The Most Committed Top Leader on Human Capital 2023
atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                   with the Board of Commissioners, other members of Sharia Supervisory
                                                                                                                                                         2023           dari TopBusiness.                                               2023          from TopBusiness.
Syariah lainnya, Direksi, dan/atau pemegang saham utama dan                    Board, Board of Directors, and/or major and controlling shareholders,
pengendali, baik langsung maupun tidak langsung.                               either directly or indirectly.




Perubahan Komposisi Anggota Dewan                                              Changes in Composition of the Sharia
Pengawas Syariah dan Alasan Perubahan                                          Supervisory Board and
                                                                               Reasons for the Change

Pada tahun 2023, tidak terdapat perubahan terkait komposisi                    In 2023, there was no change in the composition of the
anggota Dewan Pengawas Syariah.                                                Company’s Sharia Supervisory Baord.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                          PT MSIG Life Insurance Indonesia Tbk
70          Laporan Tahunan 2023                                                                                                                                                                                                                                            2023 Annual Report           71
Page 38
          Profil                                                                                                                                                                                                                                                                     Company
          Perusahaan                                                                                                                                                                                                                                                                   Profile




                                                    Satoshi Shiratani                                                                                                                                     Herman Sulistyo
                                                    Wakil Presiden Direktur & Chief Financial Officer                                                                                                     Direktur & Chief Agency, Corporate and Sharia Business Officer
                                                    Deputy President Director & Chief Financial Officer                                                                                                   Director & Chief Agency, Corporate and Sharia Business Officer




                                                            Kewarganegaraan                       Usia                             Domisili                                                                       Kewarganegaraan                      Usia                             Domisili
                                                            Nationality                           Age                              Domicile                                                                       Nationality                          Age                              Domicile
                                                            Warga Negara Jepang                   53 tahun / years old             Indonesia                                                                      Warga Negara Indonesia               49 tahun / years old             Indonesia
                                                            Japanese Citizen                                                                                                                                      Indonesian Citizen




Dasar Hukum Pengangkatan dan Periode Menjabat                                 Legal Basis of Appointment and Term of Office                           Dasar Hukum Pengangkatan dan Periode Menjabat                                Legal Basis of Appointment and Term of Office
2022-2024      Akta No. 44 tanggal 22 Maret 2022.                             2022-2024 Deed No. 44 dated Maret 22, 2022.                             2023-2025      Akta No. 57 tanggal 27 Juni 2023;                             2023-2025 Deed No. 57 dated June 27, 2023;
                                                                                                                                                      2021-2023      Akta No. 59 tanggal 25 Mei 2021; dan                          2021-2023 Deed No. 59 dated May 25, 2021; and
Penilaian Uji Kemampuan dan Kepatutan                                         Fit and Proper Test                                                     2019-2021      Akta No. 46 tanggal 23 Mei 2019.                              2019-2021 Deed No. 46 dated May 23, 2019.
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                 Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                 Board of Commissioners No. KEP-24/KDK.05/2020 on the Fit and
                                                                                                                                                      Penilaian Uji Kemampuan dan Kepatutan                                        Fit and Proper Test
No. KEP-24/KDK.05/2020 tentang Hasil Penilaian Kemampuan dan                  Proper Test Results for Satoshi Shiratani dated July 8, 2020.           Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
Kepatutan atas nama Satoshi Shiratani tanggal 8 Juli 2020.                                                                                            berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                Board of Commissioners No. KEP-28/KDK.05/2018 on the Fit and
                                                                                                                                                      No. KEP-28/KDK.05/2018 tentang Hasil Penilaian Kemampuan dan                 Proper Test Results for Herman Sulistyo dated April 23, 2018.
Riwayat Pendidikan                                                            Educational Background                                                  Kepatutan atas nama Herman Sulistyo tanggal 23 April 2018.
1993           Sarjana Ekonomi dari Hitotsubashi University.                  1993        Bachelor of Economics from Hitotsubashi University.
                                                                                                                                                      Riwayat Pendidikan                                                           Educational Background
Perjalanan Karier                                                             Career History                                                          1998           Sarjana Matematika jurusan Aktuaria dari Universitas          1998        Bachelor of Mathematics majoring in Actuarial from
2020-2022      Direktur PT Asuransi Jiwa Sinarmas MSIG Tbk (saat ini          2020-2022 Director at PT Asuransi Jiwa Sinarmas MSIG Tbk (now                          Indonesia.                                                                Universitas Indonesia.
               PT MSIG Life Insurance Indonesia Tbk);                                   known as PT MSIG Life Insurance Indonesia Tbk);
2009-2020      Manager of International Business Mitsui Sumitomo              2009-2020 Manager of International Business at Mitsui Sumitomo
                                                                                                                                                      Perjalanan Karier                                                            Career History
               Insurance Co., Ltd.;                                                     Insurance Co., Ltd.;                                          2007-2018      Kepala Divisi Aktuaria PT Asuransi Jiwa Sinarmas MSIG         2007-2018 Actuarial Division Head at PT Asuransi Jiwa Sinarmas MSIG
2008-2009      Penugasan untuk The Center of Japanese Economy and             2008-2009 Assignment to The Center of Japanese Economy and                             Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk);                    Tbk (now known as PT MSIG Life Insurance Indonesia Tbk);
               Business Columbia University;                                            Business at Columbia University;                              2004-2007      Manajer Divisi Aktuaria PT Asuransi Jiwa Eka Life (saat       2004-2007 Actuarial Division Manager at PT Asuransi Jiwa Eka Life
2004-2008      Deputi Manajer Manajemen Risiko Keuangan Mitsui                2004-2008 Deputy Manager of Financial Risk Management at Mitsui                        ini PT MSIG Life Insurance Indonesia Tbk);                              (now known as PT MSIG Life Insurance Indonesia Tbk);
               Sumitomo Insurance Co., Ltd.;                                            Sumitomo Insurance Co., Ltd.;                                 2002-2004      Manajer Pengembangan Produk PT Asuransi Jiwa                  2002-2004 Product Development Manager at PT Asuransi Jiwa
2002-2004      Deputi Manajer Akuntansi Mitsui Sumitomo Insurance             2002-2004 Deputy Accounting Manager at Mitsui Sumitomo Insurance                       Manulife Indonesia;                                                     Manulife Indonesia;
               Co., Ltd.;                                                               Co., Ltd.;                                                    2001-2002      Asisten Manajer Divisi Aktuaria PT Asuransi Jiwa              2001-2002 Assistant Manager of Actuarial Division at PT Asuransi
2000-2002      Kepala Audit Internal (secondment) Japan Care Service          2000-2002 Head of Internal Audit (secondment) at Japan Care Service                    Manulife Indonesia;                                                     Jiwa Manulife Indonesia;
               Co., Ltd.; dan                                                           Co., Ltd.; and                                                2001-2002      Actuarial Associate Divisi Aktuaria PT Asuransi Jiwa          2001-2002 Actuarial Associate of Actuarial Division at PT Asuransi
1993-2000      Departemen Akuntansi Mitsui Marine & Fire Insurance            1993-2000 Accounting Department at Mitsui Marine & Fire                                Principal Indonesia; dan                                                Jiwa Principal Indonesia; and
               Co., Ltd. (saat ini Mitsui Sumitomo Insurance Co., Ltd.).                Insurance Co., Ltd. (now known as Mitsui Sumitomo             1998-2001      Aktuaris Divisi Aktuaria AIG Lippo Life.                      1998-2001 Actuarial Officer of Actuarial Division at AIG Lippo Life.
                                                                                        Insurance Co., Ltd.)                                          Rangkap Jabatan di Luar Perseroan                                            Concurrent Positions Outside the Company
Rangkap Jabatan di Luar Perseroan                                             Concurrent Positions Outside the Company                                Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.           Currently he does not serve in any other position at another company.
Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.            Currently he does not serve in any other position at another company.   Rangkap Jabatan di Dalam Perseroan                                           Concurrent Positions within the Company
Rangkap Jabatan di Dalam Perseroan                                            Concurrent Positions within the Company                                 2020-sekarang Anggota Komite Investasi dan Keuangan;                         2020-now    Member of Investment and Finance Committee;
2023-sekarang Anggota Komite Sumber Daya Manusia;                             2023-now    Member of Human Resources Committee;                        2020-sekarang Anggota Komite Teknologi Informasi dan Operasional;            2020-now    Member of Information Technology and Operations
2021-sekarang Anggota Komite Manajemen Risiko;                                2021-now    Member of Risk Management Committee;                                      dan                                                                        Committee; and
2020-sekarang Ketua Komite Investasi dan Keuangan; dan                        2020-now    Chairman of Investment and Finance Committee; and           2020-sekarang Anggota Komite Produk dan Pemasaran.                           2020-now    Member of Product and Marketing Committee.
2020-sekarang Anggota Komite Produk dan Pemasaran.                            2020-now    Member of Product and Marketing Committee.                  Hubungan Afiliasi                                                            Affiliations
Hubungan Afiliasi                                                             Affiliations                                                            Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/             He has no financial relationship, share ownership. and/or family ties
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/              He has no financial relationship, share ownership. and/or family ties   atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                 with the Board of Commissioners, Sharia Supervisory Board, other
atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                  with the Board of Commissioners, Sharia Supervisory Board, other        Syariah, Direksi lainnya, dan/atau pemegang saham utama dan                  members of the Board of Directors, and/or major and controlling
Syariah, Direksi lainnya, dan/atau pemegang saham utama dan                   members of the Board of Directors, and/or major and controlling         pengendali, baik langsung maupun tidak langsung.                             shareholders, either directly or indirectly.
pengendali, baik langsung maupun tidak langsung.                              shareholders, either directly or indirectly.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
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          Profil                                                                                                                                                                                                                                                                      Company
          Perusahaan                                                                                                                                                                                                                                                                    Profile




                                                    Tomoyuki Monden                                                                                                                                       Andrew Bain
                                                    Direktur & Chief Risk Officer                                                                                                                         Direktur & Chief Operating & IT Officer
                                                    Director & Chief Risk Officer                                                                                                                         Director & Chief Operating & IT Officer




                                                            Kewarganegaraan                       Usia                             Domisili                                                                       Kewarganegaraan                       Usia                              Domisili
                                                            Nationality                           Age                              Domicile                                                                       Nationality                           Age                               Domicile
                                                            Warga Negara Jepang                   47 tahun / years old             Indonesia                                                                      Warga Negara Indonesia                47 tahun / years old              Indonesia
                                                            Japanese Citizen                                                                                                                                      Indonesian Citizen




Dasar Hukum Pengangkatan dan Periode Menjabat                                 Legal Basis of Appointment and Term of Office                           Dasar Hukum Pengangkatan dan Periode Menjabat                                 Legal Basis of Appointment and Term of Office
2022-2024      Akta No. 70 tanggal 22 November 2022; dan                      2022-2024 Deed No. 70 dated November 22, 2022; and                      2023-2025      Akta No. 57 tanggal 27 Juni 2023; dan                          2023-2025 Deed No. 57 dated June 27, 2023; and
2020-2022      Akta No. 14 tanggal 24 September 2020.                         2020-2022 Deed No. 14 dated September 24, 2020.                         2021-2023      Akta No. 59 tanggal 25 Mei 2021.                               2021-2023 Deed No. 59 dated May 25, 2021.
Penilaian Uji Kemampuan dan Kepatutan                                         Fit and Proper Test                                                     Penilaian Uji Kemampuan dan Kepatutan                                         Fit and Proper Test
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                 Passed the Fit and Proper Test by OJK based on the Decision of OJK’s    Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                 Passed the Fit and Proper Test by OJK based on the Decision of OJK’s
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                 Board of Commissioners No. KEP-25/KDK.05/2020 on the Fit and            berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                 Board of Commissioners No. KEP-316/NB.11/2021 on the Fit and
No. KEP-25/KDK.05/2020 tentang Hasil Penilaian Kemampuan dan                  Proper Test Results for Tomoyuki Monden dated July 8, 2020.             No. KEP-316/NB.11/2021 tentang Hasil Penilaian Kemampuan dan                  Proper Test Results for Andrew Bain dated May 20, 2021.
Kepatutan atas nama Tomoyuki Monden tanggal 8 Juli 2020.                                                                                              Kepatutan atas nama Andrew Bain tanggal 20 Mei 2021.
Riwayat Pendidikan                                                            Educational Background                                                  Riwayat Pendidikan                                                            Educational Background
2004           Magister Administrasi Bisnis dari University of Illinois,      2004        Master of Business Administration from University of        2013           Magister Manajemen Retail dari Universitas Pelita              2013        Master in Retail Management from Universitas Pelita
               Urbana Champaign; dan                                                      Illinois, Urbana Champaign; and                                            Harapan; dan                                                               Harapan; and
1999           Sarjana Hukum dari Keio University.                            1999        Bachelor of Law from Keio University.                       1999           Sarjana Teknik dari Universitas Indonesia.                     1999        Bachelor of Engineering from Universitas Indonesia.
Perjalanan Karier                                                             Career History                                                          Perjalanan Karier                                                             Career History
2017-2020      Corporate Planning Manager Mitsui Sumitomo Aioi Life           2017-2020 Corporate Planning Manager at Mitsui Sumitomo Aioi Life       2020-2021      Chief Operating and IT Officer PT Asuransi Jiwa Sinarmas       2020-2021 Chief Operating and IT Officer at PT Asuransi Jiwa
               Insurance Co., Ltd.;                                                     Insurance Co., Ltd.;                                                         MSIG Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk);                Sinarmas MSIG Tbk (now known as PT MSIG Life Insurance
2012-2017      Technical Advisor Hong Leong Assurance Berhad, Malaysia;       2012-2017 Technical Advisor at Hong Leong Assurance Berhad, Malaysia;                                                                                           Indonesia Tbk);
2012           Deputy Manager of Corporate Planning Mitsui Sumitomo           2012      Deputy Manager of Corporate Planning at Mitsui                2016-2020      Chief Operations Officer/Direktur PT Panin Dai-Ichi Life;      2016-2020 Chief Operations Officer/Director at PT Panin Dai-Ichi Life;
               Insurance Co., Ltd.;                                                     Sumitomo Insurance Co., Ltd.;                                 2013-2015      Head of Individual Operations PT Panin Dai-Ichi Life;          2013-2015 Head of Individual Operations at PT Panin Dai-Ichi Life;
2010-2012      Deputi Manajer Investasi Asahi Mutual Life Insurance Co.;      2010-2012 Deputy Investment Manager at Asahi Mutual Life                2012-2013      Head of Underwriting, Claim, and Policy Service                2012-2013 Head of Underwriting, Claim, and Policy Service
                                                                                        Insurance Co.;                                                               Department PT Panin Dai-Ichi Life;                                       Department at PT Panin Dai-Ichi Life;
2004-2010      Asisten Manajer Investasi Asahi Mutual Life Insurance          2004-2010 Assistant Investment Manager at Asahi Mutual Life             2009-2012      Head of Claim Department PT Panin Dai-Ichi Life;               2009-2012 Head of Claim Department at PT Panin Dai-Ichi Life;
               Co.;                                                                     Insurance Co.;                                                2008-2009      Head of Business Process & Head of General Affairs             2008-2009 Head of Business Process & Head of General Affairs at
2001-2002      Supervisor Corporate Planning Asahi Mutual Life                2001-2002 Corporate Planning Supervisor at Asahi Mutual Life                           PT Panin Dai-Ichi Life;                                                  PT Panin Dai-Ichi Life;
               Insurance Co; dan                                                        Insurance Co.; and                                            2007-2008      Corporate Real Estate and General Services JPMorgan            2007-2008 Corporate Real Estate and General Services at JPMorgan
1999-2001      Staf Asahi Mutual Life Insurance Co.                           1998-2001 Staff at Asahi Mutual Life Insurance Co.                                     Chase Bank, N.A.;                                                        Chase Bank, N.A.;
                                                                                                                                                      2005-2006      Head of Business Quality AXA Services Indonesia;               2005-2006 Head of Business Quality at AXA Services Indonesia;
Rangkap Jabatan di Luar Perseroan                                             Concurrent Positions Outside the Company                                2004-2005      Manajer Pengembangan Bisnis PT Visi Teknologi                  2004-2005 Business Development Manager at PT Visi Teknologi
Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.            Currently he does not serve in any other position at another company.                  Indonesia; dan                                                           Indonesia; and
Rangkap Jabatan di Dalam Perseroan                                            Concurrent Positions within the Company                                 2000-2004      Second Engineer Jakarta International School.                  2000-2004 Second Engineer at Jakarta International School.
2022-sekarang Anggota Komite Sumber Daya Manusia;                             2022-now    Member of Human Resources Committee;                        Rangkap Jabatan di Luar Perseroan                                             Concurrent Positions Outside the Company
2022-sekarang Ketua Komite Manajemen Risiko;                                  2022-now    Chairman of Risk Management Committee;                      Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.            Currently he does not serve in any other position at another company.
2020-sekarang Anggota Komite Investasi dan Keuangan;                          2020-now    Member of Investment and Finance Committee;
2020-sekarang Anggota Komite Teknologi Informasi dan Operasional;             2020-now    Member of Information Technology and Operations             Rangkap Jabatan di Dalam Perseroan                                            Concurrent Positions within the Company
              dan                                                                         Committee; and                                              2023-sekarang Anggota Komite Sumber Daya Manusia;                             2021-now    Member of Human Resources Committee;
2020-sekarang Anggota Komite Produk dan Pemasaran.                            2020-now    Member of Product and Marketing Committee.                  2021-sekarang Anggota Komite Manajemen Risiko;                                2020-now    Member of Risk Management Committee;
                                                                                                                                                      2020-sekarang Ketua Komite Teknologi Informasi dan Operasional; dan           2020-now    Chairman of Information Technology and Operations
Hubungan Afiliasi                                                             Affiliations                                                                                                                                                      Committee; and
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/              He has no financial relationship, share ownership. and/or family ties
                                                                                                                                                      2020-sekarang Anggota Komite Produk dan Pemasaran.                            2020-now    Member of Product and Marketing Committee.
atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                  with the Board of Commissioners, Sharia Supervisory Board, other
Syariah, Direksi lainnya, dan/atau pemegang saham utama dan                   members of the Board of Directors, and/or major and controlling         Hubungan Afiliasi                                                             Affiliations
pengendali, baik langsung maupun tidak langsung.                              shareholders, either directly or indirectly.                            Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/              He has no financial relationship, share ownership. and/or family ties
                                                                                                                                                      atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                  with the Board of Commissioners, Sharia Supervisory Board, other
                                                                                                                                                      Syariah, Direksi lainnya, dan/atau pemegang saham utama dan                   members of the Board of Directors, and/or major and controlling
                                                                                                                                                      pengendali, baik langsung maupun tidak langsung.                              shareholders, either directly or indirectly.
                                                                                                                                                      Penghargaan                                                                   Awards
                                                                                                                                                      4 Desember     Top Leader on Digital Implementation dari ItWorks & TOP        December 4, Top Leader on Digital Implementation from ItWorks & TOP
                                                                                                                                                      2023           Business.                                                      2023        Business.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
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          Profil                                                                                                                                                                                                                                                     Company
          Perusahaan                                                                                                                                                                                                                                                   Profile




                                                    Ken Terada
                                                                                                                                                     Profil Pengurus Manajemen
                                                    Direktur & Chief Transformation Officer
                                                                                                                                                     Profile of the Board of Management
                                                    Director & Chief Transformation Officer




                                                             Kewarganegaraan                     Usia                             Domisili                                         Warga Negara Indonesia, 55 tahun. Memperoleh gelar Sarjana Matematika dan Ilmu Pengetahuan
                                                             Nationality                         Age                              Domicile                                         Alam (MIPA) dari Universitas Indonesia pada tahun 1993. Beliau ditunjuk sebagai Chief Human
                                                             Warga Negara Jepang                 41 tahun / years old             Indonesia                                        Capital Officer sejak tahun 2020.
                                                             Japanese Citizen
                                                                                                                                                                                   Sebelumnya, pernah menjabat sebagai Vice President-Human Resource di PT Prudential Life
                                                                                                                                                                                   Assurance (2015-2020), Vice President-Head of Human Resources Service Delivery Standard Chartered
                                                                                                                                                                                   Bank (2011-2015), Assistant Vice President Institutional Banking Group Middle Office & Operational Risk
Dasar Hukum Pengangkatan dan Periode Menjabat                                Legal Basis of Appointment and Term of Office                                                         Management PT Bank DBS Indonesia (2007-2011), Consultant Human Resources Project Management
2022-2024      Akta No. 38 tanggal 18 Agustus 2022.                          2022-2024 Deed No. 38 dated August 18, 2022.                                                          PT Daya Dimensi Indonesia (2007), Consultant Training Management Brand International (2007),
Penilaian Uji Kemampuan dan Kepatutan                                        Fit and Proper Test                                                                                   berbagai posisi di Citibank NA Jakarta, sebagai Assistant Vice President-Human Resources Executive
Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                Passed the Fit and Proper Test by OJK based on the Decision of OJK’s                                  Coordinator & DSTA Dean (2005-2007), Customer Loyalty Retention Program Manager (2002-2005),
berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                Board of Commissioners No. KEP-353/NB.11/2022 on the Fit and                                          Process Improvement Manager & Service Manager (1997-2002), Quality Assurance Officer (1995-1996),
No. KEP-353/NB.11/2022 tentang Hasil Penilaian Kemampuan dan                 Proper Test Results for Ken Terada dated June 21, 2022.
                                                                                                                                                                                   dan Private Tutor and Researcher Assistant for Assistant Consultant Development Studies Project Firm
Kepatutan atas nama Ken Terada tanggal 21 Juni 2022.
                                                                                                                                                                                   untuk Badan Perencanaan Pembangunan Nasional (1991-1994).
Riwayat Pendidikan                                                           Educational Background
2006           Sarjana Administrasi Bisnis dari Aoyama Gakuin University.    2006        Bachelor of Business Administration from Aoyama Gakuin      Novelita Siregar              Saat ini, beliau memiliki rangkap jabatan sebagai Ketua Komite Sumber Daya Manusia Perseroan
                                                                                         University.
                                                                                                                                                     Chief Human Capital Officer   (sejak 2023), anggota Komite Nominasi dan Remunerasi Perseroan (sejak 2020), anggota Komite
Perjalanan Karier                                                            Career History                                                          Chief Human Capital Officer   Teknologi Informasi dan Operasional Perseroan (sejak 2020), serta anggota Komite Manajemen
2021-2022      Manajer Departemen Bisnis Asuransi Jiwa Asia Mitsui           2021-2022 Manager of Asian Life Insurance Business Department at                                      Risiko Perseroan (sejak 2020).
               Sumitomo Insurance Co., Ltd.;                                           Mitsui Sumitomo Insurance Co., Ltd.;
2018-2021      Deputi Manajer Departemen Bisnis Asuransi Jiwa Asia           2018-2021 Deputy Manager of Asian Life Insurance Business                                             Indonesian citizen, 55 years old. Obtained Bachelor of Mathematics and Natural Sciences from
               Mitsui Sumitomo Insurance Co., Ltd.;                                    Department at Mitsui Sumitomo Insurance Co., Ltd.;                                          Universitas Indonesia in 1993. She was appointed as Chief Human Capital Officer in 2020.
2017-2018      General     Manager-Advisor     of    Business   Process      2017-2018 General    Manager-Advisor      of   Business   Process
               Improvement PT Asuransi Jiwa Sinarmas MSIG Tbk (saat                    Improvement at PT Asuransi Jiwa Sinarmas MSIG Tbk (now
               ini PT MSIG Life Insurance Indonesia Tbk);                              known as PT MSIG Life Insurance Indonesia Tbk);                                             Previously, she served as Vice President-Human Resource of PT Prudential Life Assurance
2016-2017      General Manager, Divisi Pengembangan Bisnis & Project         2016-2017 General Manager of Business Development & Project                                           (2015-2020), Vice President-Head of Human Resources Service Delivery of Standard Chartered Bank
               Management Office PT Asuransi Jiwa Sinarmas MSIG                        Management Office Division at PT Asuransi Jiwa                                              (2011-2015), Assistant Vice President Institutional Banking Group Middle Office & Operational
               Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk);                    Sinarmas MSIG Tbk (now known as PT MSIG Life Insurance
                                                                                       Indonesia Tbk);                                                                             Risk Management of PT Bank DBS Indonesia (2007-2011), Consultant of Human Resources Project
2013-2016      General Manager-Marketing Advisor, Pengembangan               2013-2016 General Manager-Marketing Advisor of Business                                               Management of PT Daya Dimensi Indonesia (2007), Consultant of Training Management of Brand
               Bisnis PT Asuransi Jiwa Sinarmas MSIG Tbk (saat ini PT                  Development at PT Asuransi Jiwa Sinarmas MSIG Tbk (now                                      International (2007), various positions at Citibank NA Jakarta, including Assistant Vice President-
               MSIG Life Insurance Indonesia Tbk);                                     known as PT MSIG Life Insurance Indonesia Tbk);                                             Human Resources Executive Coordinator & DSTA Dean (2005-2007), Customer Loyalty Retention
2013-2016      General Manager-Marketing Advisor, Departemen                 2013-2016 General Manager-Marketing Advisor of Corporate
                                                                                                                                                                                   Program Manager (2002-2005), Process Improvement Manager & Service Manager (1997-2002),
               Perencanaan Perusahaan PT Asuransi Jiwa Sinarmas                        Planning Department at PT Asuransi Jiwa Sinarmas MSIG
               MSIG Tbk (saat ini PT MSIG Life Insurance Indonesia Tbk);               Tbk (now known as PT MSIG Life Insurance Indonesia Tbk);                                    Quality Assurance Officer (1995-1996), and Private Tutor and Researcher Assistant for Assistant
2012-2013      Supervisor, Departemen Perencanaan Perusahaan                 2012-2013 Supervisor of Corporate Planning Department at Mitsui                                       Consultant Development Studies for the National Development Planning Agency (1991-1994).
               Mitsui Sumitomo Insurance Co., Ltd.;                                    Sumitomo Insurance Co., Ltd.;
2011-2012      Supervisor, Departemen Sumber Daya Manusia Mitsui             2011-2012 Supervisor of Humana Resource Department at Mitsui
                                                                                                                                                                                   Currently, she has concurrent positions as a Chairman of the Company’s Human Resources
               Sumitomo Insurance Co., Ltd.; dan                                       Sumitomo Insurance Co., Ltd.; and
2006-2010      Staf Cabang Osaka-Kita Mitsui Sumitomo Insurance              2006-2010 Staff of Osaka-Kita Branch at Mitsui Sumitomo                                               Committee (since 2023), a member of Nomination and Remuneration Committee (since 2020),
               Co., Ltd.                                                               Insurance Co., Ltd.                                                                         a member of Information Technology and Operations Committee (since 2020), and a member of
                                                                                                                                                                                   Risk Management Committee (since 2020).
Rangkap Jabatan di Luar Perseroan                                            Concurrent Positions Outside the Company
Saat ini beliau tidak memiliki rangkap jabatan di perusahaan lain.           Currently he does not serve in any other position at another company.
Rangkap Jabatan di Dalam Perseroan                                           Concurrent Positions within the Company
2023-sekarang Ketua Komite Produk dan Pemasaran;                             2023-now    Chairman of Product and Marketing Committee;
2022-sekarang Anggota Komite Investasi dan Keuangan; dan                     2022-now    Member of Investment and Finance Committee; and
2022-sekarang Anggota Komite Teknologi Informasi dan Operasional.            2022-now    Member of Information Technology and Operations
                                                                                         Committee.
Hubungan Afiliasi                                                            Affiliations
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/             He has no financial relationship, share ownership. and/or family ties
atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                 with the Board of Commissioners, Sharia Supervisory Board, other
Syariah, Direksi lainnya, dan/atau pemegang saham utama dan                  members of the Board of Directors, and/or major and controlling
pengendali, baik langsung maupun tidak langsung.                             shareholders, either directly or indirectly.




Perubahan Komposisi Anggota Direksi dan                                      Changes in Composition of the Board of
Alasan Perubahan                                                             Directors and Reasons for the Change

Pada tahun 2023, tidak terdapat perubahan terkait komposisi                  In 2023, there was no change in the composition of the
anggota Direksi Perseroan. Komposisi Direksi Perseroan                       Company’s Board of Directors. The composition of the
telah memenuhi ketentuan dalam Peraturan Otoritas Jasa                       Company’s Board of Directors has fulfilled the provisions
Keuangan No. 33/POJK.04/2014.                                                stated in OJK Regulation No. 33/POJK.04/2014.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
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          Profil                                                                                                                                                                                                                                                                            Company
          Perusahaan                                                                                                                                                                                                                                                                          Profile




                                                   Warga Negara Indonesia, 48 tahun. Memperoleh gelar Sarjana Ekonomi dari Universitas Indonesia                                                          Warga Negara Indonesia, 51 tahun. Memperoleh gelar Sarjana Manajemen dari Universitas Atma Jaya
                                                   pada tahun 2000. Beliau ditunjuk sebagai Chief Actuarial sejak tahun 2021.                                                                             pada tahun 1995. Beliau ditunjuk sebagai Chief Partnership Distribution Officer sejak tahun 2023.

                                                   Sebelumnya, pernah menjabat sebagai Head of Corporate Actuary Avrist Assurance (2015-2021),                                                            Sebelumnya, pernah menjabat sebagai Vice President - Head of Bancassurance PT Avrist Assurance
                                                   Head of Group Product Development Avrist Assurance (2014-2015), Credit Life Pricing and Reinsurance                                                    (2020-2023), Vice President - Head of Bancassurance and Credit Life PT Panin Dai-Ichi Life (2013-2020),
                                                   Avrist Assurance (2012-2014), Director and Actuary PT Sienco Aktuarindo Utama (2008-2012).                                                             Direktur PT AJ Mega Indonesia (2011-2013), Bancassurance Division General Manager PT AJ Mega
                                                                                                                                                                                                          Life (2007-2011), dan Customer Relationship Manager in Standard Chartered Bank (2004-2006).
                                                   Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite Produk dan Pemasaran
                                                   Perseroan (sejak 2023), anggota Komite Investasi dan Keuangan Perseroan (sejak 2021), dan                                                              Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite Teknologi Informasi dan
                                                   anggota Komite Manajemen Risiko Perseroan (sejak 2021).                                                                                                Operasional Perseroan (sejak 2023).


                                                   Indonesian Citizen, 48 years old. Obtained Bachelor of Economics from Universitas Indonesia in
                                                   2000. He was appointed as Chief Actuarial in 2021.                                                                                                     Indonesian citizen, 51 years old. He obtained a Bachelor’s degree in Management from Atma Jaya
                                                                                                                                                                                                          University in 1995. He has been appointed as Chief Partnership Distribution Officer since 2023.
Tju Cunardi                                        Previously, he served as Head of Corporate Actuary at Avrist Assurance (2015-2021), Head of           Inasari Andayani
                                                   Group Product Development at Avrist Assurance (2014-2015), Credit Life Pricing and Reinsurance
Chief Actuarial
Chief Actuarial
                                                   at Avrist Assurance (2012-2014), Director and Actuary at PT Sienco Aktuarindo Utama (2008-2012).      Atmodjo                                          Previously, he served as Vice President - Head of Bancassurance at PT Avrist Assurance (2020-
                                                                                                                                                                                                          2023), Vice President - Head of Bancassurance and Credit Life at PT Panin Dai-Ichi Life (2013-
                                                                                                                                                         Chief Partnership Distribution Officer           2020), Director at PT AJ Mega Indonesia (2011-2013), Bancassurance Division General Manager
                                                   Currently, he holds concurrent positions as member of Product and Marketing Committee                 Chief Partnership Distribution Officer           at PT AJ Mega Life (2007-2011), and Customer Relationship Manager at Standard Chartered Bank
                                                   (since 2023), member of Investment and Finance Committee (since 2021), and member of Risk                                                              (2004-2006).
                                                   Management Committee (since 2021).
                                                                                                                                                                                                          Currently, he holds concurrent positions as a member of the Company’s Information Technology
                                                                                                                                                                                                          and Operational Committee (since 2023).




                                                   Warga Negara Indonesia, 43 tahun. Memperoleh gelar Sarjana Hukum dari Universitas Katolik
                                                   Parahyangan pada tahun 2004 dan Magister Hukum dari Universitas Gadjah Mada pada tahun
                                                   2021. Beliau ditunjuk sebagai Chief Compliance, Legal, and Corporate Secretary sejak tahun 2022.                                                       Warga Negara Indonesia, 37 tahun. Memperoleh gelar Sarjana Desain dari Institut Teknologi
                                                                                                                                                                                                          Bandung pada tahun 2008. Beliau ditunjuk sebagai Chief Customer & Marketing (Caretaker) sejak
                                                   Sebelumnya, pernah menjabat sebagai Direktur Kepatuhan PT Asuransi Bina Dana Arta Tbk                                                                  tahun 2023 dan Head of Marketing & Communication sejak tahun 2021.
                                                   (2019-2022), Assistant Vice President Compliance PT Asuransi Jiwa Generali Indonesia (2010-
                                                   2019), Assistant Manager Legal & Compliance PT Great Eastern Life Indonesia (2009-2010),                                                               Sebelumnya, pernah menjabat sebagai Head of Customer Marketing Prudential Indonesia (2017-
                                                   Supervisor Legal PT AXA Services Indonesia (2009), Executive Litigation PT Prudential Life                                                             2021), Credit Card Product Manager Standard Chartered Bank (2014-2017), Credit Card Product
                                                   Assurance (2006-2009), dan Lawyer Dnd Law Firm (2004-2006).                                                                                            Manager ANZ Indonesia (2012-2014), Mass Market Segment Product Manager UOB Indonesia
                                                                                                                                                                                                          (2010-2012), dan Art Director BBDO Indonesia (2008-2009).
                                                   Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite Sumber Daya Manusia Perseroan
                                                   (sejak 2023), anggota Komite Pemantau Risiko Perseroan (sejak 2023), anggota Komite Kebijakan                                                          Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite Teknologi Informasi dan
                                                   Tata Kelola Perusahaan (sejak 2023), anggota Komite Teknologi Informasi dan Operasional                                                                Operasional Perseroan (sejak 2023) dan anggota Komite Produk dan Pemasaran Perseroan
                                                   Perseroan (sejak 2022), dan anggota Komite Manajemen Risiko Perseroan (sejak 2022).                                                                    (sejak 2021).
Renova Siregar                                     Indonesian Citizen, 43 years old. Obtained Bachelor of Law from Universitas Katolik Parahyangan
                                                   in 2004 and Master of Law from Universitas Gadjah Mada in 2021. He was appointed as Chief                                                              Indonesian citizen, 37 years old. He obtained a Bachelor’s degree in Design from the Bandung
Chief Compliance, Legal, and Corporate Secretary
Chief Compliance, Legal, and
                                                   Compliance, Legal, and Corporate Secretary in 2022.
                                                                                                                                                         Lukman Auliadi                                   Institute of Technology in 2008. He has been appointed as the Chief Customer & Marketing
Corporate Secretary                                                                                                                                                                                       (Caretaker) since 2023 and as the Head of Marketing & Communication since 2021.
                                                   Previously, he served as Compliance Director at PT Asuransi Bina Dana Arta Tbk (2019-2022),           Chief Customer & Marketing Officer (Caretaker)
                                                   Assistant Vice President of Compliance at PT Asuransi Jiwa Generali Indonesia (2010-2019),            Chief Customer & Marketing Officer (Caretaker)
                                                                                                                                                                                                          Previously, he served as the Head of Customer Marketing at Prudential Indonesia (2017-2021),
                                                   Assistant Manager of Legal & Compliance at PT Great Eastern Life Indonesia (2009-2010),                                                                Credit Card Product Manager at Standard Chartered Bank (2014-2017), Credit Card Product
                                                   Legal Supervisor at PT AXA Services Indonesia (2009), Executive Litigation at PT Prudential Life                                                       Manager at ANZ Indonesia (2012-2014), Mass Market Segment Product Manager at UOB Indonesia
                                                   Assurance (2006-2009), and Lawyer at Dnd Law Firm (2004-2006).                                                                                         (2010-2012), and Art Director at BBDO Indonesia (2008-2009).

                                                   Currently, he holds concurrent positions as a member of the Company’s Human Resources                                                                  Currently, he holds concurrent positions as a member of the Company’s Information Technology
                                                   Committee (since 2023), a member of the Company’s Risk Monitoring Committee (since 2023),                                                              and Operational Committee (since 2023) and a member of the Company’s Product and Marketing
                                                   a member of the Company’s Corporate Governance Policy Committee (since 2023), a member of                                                              Committee (since 2021).
                                                   the Company’s Information Technology and Operational Committee (since 2022), and a member
                                                   of the Company’s Risk Management Committee (since 2022).




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                          PT MSIG Life Insurance Indonesia Tbk
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         Profil                                                                                                                                                                                                                                                                            Company
         Perusahaan                                                                                                                                                                                                                                                                          Profile




Profil Pejabat Eksekutif                                                                                                                                Vaji Vitrada Nasution
                                                                                                                                                        Head of Internal Audit
Profile of Executive Officers                                                                                                                           Head of Internal Audit

                                                                                                                                                        Warga Negara Indonesia, 46 tahun. Memperoleh gelar Magister                   Indonesian Citizen, 46 years old. Obtained Master of Management
                                                                                                                                                        Manajemen dari Universitas Indonesia pada tahun 2005. Mulai bergabung         from Universitas Indonesia in 2005. He joined the Company in 2017
                                                                                                                                                        di Perseroan sejak tahun 2017 sebagai Head of Internal Audit dan telah        as Head of Internal Audit and has passed the Fit and Proper Test
Furqon Wirawan Damanik                                                                                                                                  Lulus Uji Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan                 by OJK based on the Decision of OJK’s Board of Commissioners
                                                                                                                                                        berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan                 No. KEP-452/NB.11/2017 on the Fit and Proper Test Results for Vaji
Head of Finance and Accounting
Head of Finance and Accounting                                                                                                                          No. KEP-452/NB.11/2017 tentang Hasil Penilaian Kemampuan dan                  Vitrada Nasution. As per OJK Regulation, his appointment in 2019
                                                                                                                                                        Kepatutan atas nama Vaji Vitrada Nasution. Sesuai dengan Peraturan            has been reported to OJK based on the Board of Directors’ Decision
Warga Negara Indonesia, 37 tahun. Memperoleh gelar Sarjana Ekonomi                                                                                      Otoritas Jasa Keuangan, penunjukannya pada tahun 2019 telah dilaporkan        No. 003/AJSM-SK/III/2019 dated March 19, 2019.
                                                                           Indonesian Citizen, 37 years old. Obtained Bachelor of Economics from
dari Universitas Gadjah Mada pada tahun 2011. Beliau ditunjuk sebagai                                                                                   kepada Otoritas Jasa Keuangan berdasarkan Surat Keputusan Direksi
                                                                           Universitas Gadjah Mada in 2011. He was appointed as Head of Finance
Head of Finance and Accounting sejak tahun 2018.                                                                                                        No. 003/AJSM-SK/III/2019 tanggal 19 Maret 2019.
                                                                           and Accounting in 2018.

Sebelumnya, pernah menjabat Senior Manager Finance & Accounting                                                                                         Beliau telah memiliki sertifikasi sebagai profesi audit internal yaitu        He has obtained an internal audit profession certification, which is
                                                                           Previously, he served as Senior Manager of Finance & Accounting at PT
PT Kutai Refinery Nusantara (2017–2018), Manager Finance & Accounting                                                                                   Certified Risk Governance Professional dari Lembaga Sertifikasi Profesi       Certified Risk Governance Professional from Lembaga Sertifikasi
                                                                           Kutai Refinery Nusantara (2017-2018), Manager of Finance & Accounting
PT Gold Coin Indonesia (2015-2017), Senior Auditor Ernst & Young Bursa                                                                                  Manajemen Risiko (2017). Sebelumnya, pernah menjabat sebagai                  Profesi Manajemen Risiko (2017). Previously, he served as Assistant
                                                                           at PT Gold Coin Indonesia (2015-2017), Senior Auditor of Ernst & Young
Efek Indonesia Jakarta (2011–2015), dan Asisten Dosen Program Vokasi                                                                                    Assistant Vice President Internal Auditor Manulife Indonesia (2015-           Vice President of Internal Auditor at Manulife Indonesia (2015-2017),
                                                                           Indonesia Stock Exchange, Jakarta (2011-2015), and Assistant Lecturer of
untuk Akuntansi Keuangan, Audit dan Akuntansi Pemerintahan Daerah                                                                                       2017), Internal Audit Manager Allianz Indonesia (2014-2015), Internal         Internal Audit Manager at Allianz Indonesia (2014-2015), Internal Audit
                                                                           Vocational Program for Financial Accounting, Audit, and Local Government
Universitas Gadjah Mada (2008-2010). Saat ini, beliau memiliki rangkap                                                                                  Audit Manager AIA Indonesia (2012-2014), dan Internal Audit Consultant        Manager at AIA Indonesia (2012-2014), and Internal Audit Consultant at
                                                                           Accounting at Universitas Gadjah Mada (2008-2010). Currently, he holds
jabatan sebagai anggota Komite Investasi dan Keuangan Perseroan (sejak                                                                                  PricewaterhouseCoopers Indonesia (2007-2012).                                 PricewaterhouseCoopers Indonesia (2007-2012).
                                                                           concurrent positions as member of the Company’s Investment and Finance
2018 hingga 31 Desember 2023).                                             Committee (since 2018 to December 31, 2023).
                                                                                                                                                        Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite              Currently, he holds concurrent positions as member of the Company’s
                                                                                                                                                        Investasi dan Keuangan Perseroan (sejak 2022), anggota Komite Produk          Investment and Finance Committee (since 2022), member of the
                                                                                                                                                        dan Pemasaran Perseroan (sejak 2022), dan anggota Komite Manajemen            Company’s Product and Marketing Committee (since 2022), and member
Laurencia Wardhana                                                                                                                                      Risiko Perseroan (sejak 2019).                                                of the Company’s Risk Management Committee (since 2019).

Head of Corporate Planning and Performance Managemen
Head of Corporate Planning and Performance Management

Warga Negara Indonesia, usia 45 tahun. Memperoleh gelar Sarjana Ekonomi    Indonesian Citizen, 45 years old. Obtained Bachelor of Economics from
                                                                                                                                                        Yulia Andri Hartiana
dari Universitas Tarumanegara pada tahun 2001. Beliau ditunjuk sebagai     Universitas Tarumanagara in 2001. She was appointed as Head of Corporate     Head of Operation Development and Control
Head of Corporate Planning and Performance Management sejak tahun 2022.    Planning and Performance Management in 2022.                                 Head of Operation Development and Control

Sebelumnya, pernah menjabat sebagai Senior Manager Corporate               Previously, she served as Senior Manager of Corporate Planning               Warga Negara Indonesia, 56 tahun. Memperoleh gelar Magister Manajemen         Indonesian Citizen, 56 years old. Obtained Master of Marketing
Planning (2018-2021), Senior Manager Finance, Budgeting and Reporting      (2018-2021), Senior Manager of Finance Budgeting and Reporting Analysis      bidang Marketing dari Universitas Persada Indonesia YAI pada tahun 1997       Management from Universitas Persada Indonesia YAI in 1997 and
Analysis (2013–2018), Manager Reporting Department (2012–2013), dan        (2013-2018), Reporting Department Manager (2012-2013), and Assistant         dan memperoleh gelar Ahli Asuransi Indonesia sektor Jiwa dari Asosiasi Ahli   obtained the title of Indonesian Insurance Expert in Life Insurance sector
Assistant Manager Accounting Department PT Panin Dai-ichi Life (2008–      Manager of Accounting Department at PT Panin Dai-Ichi Life (2008-2012),      Manajemen Asuransi Indonesia pada tahun 1998. Beliau ditunjuk sebagai         from Asosiasi Ahli Manajemen Asuransi Indonesia in 1998. She was
2012), Tax Consultant Supervisor PT Bina Karya Trijasa (2003–2008),        Tax Consultant Supervisor at PT Bina Karya Trijasa (2003-2008), Accounting   Head of Operation Development and Control sejak tahun 1996.                   appointed as Head of Operation Development and Control in 1996.
Accounting Staff PT Mitra Wiraperdana (2002).                              Staff at PT Mitra Wiraperdanan (2002).
                                                                                                                                                        Sebelumnya, pernah menjabat sebagai Tenaga Peneliti dan Perencanaan           Previously, she served as a Market Research and Planning Officer at AJB
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, she holds concurrent positions as member of the Company’s         Pasar AJB Bumiputera 1912 (1991–1996).                                        Bumiputera 1912 (1991-1996).
Investasi dan Keuangan Perseroan (sejak 2022).                             Investment and Finance Committee (since 2022).
                                                                                                                                                        Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite              Currently, she holds concurrent positions as member of the Company’s
                                                                                                                                                        Teknologi Informasi dan Operasional Perseroan (sejak 2018).                   Information Technology and Operations Committee (since 2018).

Hadi Setiawan
Head of Investment
Head of Investment                                                                                                                                      Bong Himmia
                                                                                                                                                        Head of Information Technology
Warga Negara Indonesia, 35 tahun. Memperoleh gelar Sarjana Bachelor of     Indonesian Citizen, 35 years old. Obtained Bachelor of Business and          Head of Information Technology
Business and Commerce dari Monash University pada tahun 2010. Beliau       Commerce from Monash University in 2010. He was appointed as Head
ditunjuk sebagai Head of Investment sejak tahun 2022.                      of Investment in 2022.                                                       Warga Negara Indonesia, 51 tahun. Memperoleh gelar Diploma Manajemen          Indonesian Citizen, 51 years old. Obtained a Diploma in Informatics
                                                                                                                                                        Informatika dari AMIK Widya Dharma pada tahun 1995. Beliau ditunjuk           Management from AMIK Widya Dharma in 1995. He was appointed as
Sebelumnya, pernah menjabat sebagai Head of Investment PT Prudential       Previously, he served as Head of Investment at PT Prudential Life            sebagai Head of Information Technology sejak tahun 2017.                      Head of Information Technology in 2017.
Life Assurance Indonesia (2019–2022).                                      Assurance Indonesia (2019-2022).
                                                                                                                                                        Sebelumnya, pernah menjabat di Perseroan sebagai Manager                      Previously, he held positions in the Company as Manager of Information
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, he holds concurrent positions as member of the Company’s          Information Technology (2009-2017), Deputy Manager (2007-2009),               Technology (2009-2017), Deputy Manager (2007-2009), Senior Supervisor
Investasi dan Keuangan Perseroan (sejak 2022) dan anggota Komite           Investment and Finance Committee (since 2022) and member of the              Senior Supervisor (1999-2007), Senior Programmer (1998-1999),                 (1999-2007), Senior Programmer (1998-1999), Entry Data Processing
Manajemen Risiko Perseroan (sejak 2022).                                   Company’s Risk Management Committee (since 2022).                            Entry Data Processing Staff (1997-1998), serta sebagai Programmer             Staff (1997-1998), and Programmer at PT Nirmala Piranti Informatika
                                                                                                                                                        PT Nirmala Piranti Informatika (1996-1997).                                   (1996-1997).


Wakhidah Muslikhah                                                                                                                                      Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite Produk
                                                                                                                                                        dan Pemasaran Perseroan (2022), anggota Komite Manajemen Risiko
                                                                                                                                                                                                                                      Currently, he holds concurrent positions as a member of the Company’s
                                                                                                                                                                                                                                      Product and Marketing Committee (since 2022), a member of the
Appointed Actuary                                                                                                                                       Perseroan (sejak 2021), dan anggota Komite Teknologi Informasi dan            Company’s Risk Management Committee (since 2021), and a member
Appointed Actuary                                                                                                                                       Operasional Perseroan (sejak 2017).                                           of the Company’s Information Technology and Operational Committee
                                                                                                                                                                                                                                      (since 2017).
Warga Negara Indonesia, 37 tahun. Memperoleh gelar Sarjana Sains dari      Indonesian citizen, 37 years old. He obtained a Bachelor’s degree in
Universitas Indonesia pada tahun 2009. Beliau ditunjuk sebagai Appointed   Science from the University of Indonesia in 2009. He has been appointed
Actuary sejak tahun 2023.                                                  as the Appointed Actuary since 2023.

Sebelumnya, pernah menjabat sebagai Head of Actuary System Perseroan       Previously, he served as the Head of the Actuary System at the Company
(2023), Head of Product Pricing Perseroan (2022), Appointed Actuary        (2023), Head of Product Pricing at the Company (2022), Appointed
PT Heksa Solution Insurance (2021-2022), Valuation Manager/Senior          Actuary at PT Heksa Solution Insurance (2021-2022), Valuation Manager/
Manager PT Avrist Assurance (2015–2021), dan Valuation Staff PT Avrist     Senior Manager at PT Avrist Assurance (2015–2021), and Valuation Staff
Assurance (2009–2015).                                                     at PT Avrist Assurance (2009–2015).

Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite Produk    Currently, he holds concurrent positions as a member of the Company’s
dan Pemasaran Perseroan (sejak 2023) dan anggota Komite Investasi dan      Product and Marketing Committee (since 2023) and a member of the
Keuangan Perseroan (sejak 2023).                                           Company’s Investment and Finance Committee (since 2023).


            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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         Profil                                                                                                                                                                                                                                                                                        Company
         Perusahaan                                                                                                                                                                                                                                                                                      Profile




Fandi Arrya Permana                                                                                                                                     Johana Louhenapessy
Head of IT Security and Governance                                                                                                                      Head of Compliance & Fraud Investigation
Head of IT Security and Governance                                                                                                                      Head of Compliance & Fraud Investigation

Warga Negara Indonesia, 35 tahun. Memperoleh gelar Sarjana                 Indonesian Citizen, 35 years old. Obtained Bachelor of Telecommunication     Warga Negara Indonesia, 42 tahun. Memperoleh gelar Sarjana Sistem                Indonesian citizen, 42 years old. H he obtained a Bachelor’s degree in
Manajemen Telekomunikasi dan Informatika dari Universitas Telkom           and Informatics Management from Universitas Telkom in 2010. He was           Informasi dari Universitas Gunadarma pada tahun 2003. Beliau ditunjuk            Information Systems from Gunadarma University in 2003. He has been
pada tahun 2010. Beliau ditunjuk sebagai Head of IT Security and           appointed as Head of IT Security and Governance in 2022.                     sebagai Head of Compliance & Fraud Investigation sejak tahun 2020.               appointed as the Head of Compliance & Fraud Investigation since 2020.
Governance sejak tahun 2022.
                                                                           Previously, he served as Head of IT Security & Technology Risk at PT AIA     Sebelumnya, pernah menjabat sebagai Compliance Senior Manager                    Previously, he served as Compliance Senior Manager at PT Zurich Topas Life
Sebelumnya, pernah menjabat Head of IT Security & Technology Risk          Financial (2021-2022), IT Risk Senior Manager at PT Bank Mandiri (Persero)   PT Zurich Topas Life (2017-2020), Principal Auditor PT Prudential Life           (2017-2020), Principal Auditor at PT Prudential Life Assurance Indonesia
PT AIA Financial (2021-2022), IT Risk Senior Manager PT Bank Mandiri       Tbk (2018-2021), IT Audit Manager at PT Bank Negara Indonesia (Persero)      Assurance Indonesia (2015-2017), Internal Audit Manager PT AXA                   (2015-2017), Internal Audit Manager at PT AXA Financial Indonesia
(Persero) Tbk (2018-2021), IT Audit Manager PT Bank Negara Indonesia       Tbk (2011-2018), and IT Procurement Staff at PT Telkom Indonesia             Financial Indonesia (2015), Quality Management Manager PT AXA                    (2015), Quality Management Manager at PT AXA Service Indonesia (2013-
(Persero) Tbk (2011-2018), IT Procurement Staff PT Telkom Indonesia        (Persero) Tbk (2010).                                                        Service Indonesia (2013-2015), Compliance Manager & Kepala Unit                  2015), Compliance Manager & Head of Anti-Money Laundering Customer
(Persero) Tbk (2010).                                                                                                                                   Kerja Penerapan Prinsip Mengenal Nasabah Anti-Money Laundering PT                Knowledge Unit at PT Panin Life (2013), Assistant Manager Compliance &
                                                                           Currently, he holds concurrent positions as member of the Company’s          Panin Life (2013), Assistant Manager Compliance & Kepala Unit Kerja              Head of Customer Knowledge Unit at PT Panin Life (2011-2013), Senior
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Information Technology and Operations Committee (since 2022) and             Penerapan Prinsip Mengenal Nasabah PT Panin Life (2011-2013), Senior             Supervisor Business Analyst (Operation Unit) at PT Asuransi Cigna (2010-
Teknologi Informasi dan Operasional Perseroan (sejak 2022) dan             member of the Company’s Risk Management Committee (since 2022).              Supervisor Business Analyst (Operation Unit) PT Asuransi Cigna (2010-            2011), Senior Compliance Associate (Legal & Compliance) at PT Asuransi
anggota Komite Manajemen Risiko Perseroan (sejak 2022).                                                                                                 2011), Senior Compliance Associate (Legal & Compliance) PT Asuransi              Cigna (2008-2010), Internal Audit Staff at PT Bank ICBC Indonesia (2005-
                                                                                                                                                        Cigna (2008-2010), Internal Audit Staff PT Bank ICBC Indonesia (2005-            2008), and Reservation Staff at PT Merpati Nusantara Airlines (2004-2005).
                                                                                                                                                        2008), dan Reservation Staff PT Merpati Nusantara Airlines (2004-2005).

Anita Junianti                                                                                                                                          Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite                 Currently, he holds concurrent positions as a member of the Company’s
Head of Customer Care                                                                                                                                   Produk dan Pemasaran Perseroan (sejak 2022), anggota Komite                      Product and Marketing Committee (since 2022), a member of the
Head of Customer Care                                                                                                                                   Teknologi Informasi dan Operasional Perseroan (sejak 2021), dan                  Company’s Information Technology and Operational Committee (since
                                                                                                                                                        Komite Manajemen Risiko Perseroan (sejak 2021).                                  2021), and a member of the Company’s Risk Management Committee
Warga Negara Indonesia, 39 tahun. Memperoleh gelar Sarjana Ilmu            Indonesian Citizen, 39 years old. Obtained Bachelor of Communication                                                                                          (since 2021).
Komunikasi dari Universitas Sahid pada tahun 2005. Beliau ditunjuk         Science from Universitas Sahid in 2005. She was appointed as Head of
sebagai Head of Customer Care sejak tahun 2022.                            Customer Care in 2022.

Sebelumnya, pernah menjabat sebagai Head of Customer Service               Previously, she served as Head of Customer Service at PT Mobile Premier
                                                                                                                                                        Indra Persada
PT Mobile Premier League (2019-2022), Head of Customer Support             League (2019-2022), Head of Customer Support at PT Sampoerna                 Head of Product Management
PT Sampoerna Telekomunikasi Indonesia (2017-2019), Head of Customer        Telekomunikasi Indonesia (2017-2019), Head of Customer Relations at Bank     Head of Product Management
Relation Bank Mayapada (2016-2017), Head of Customer Experience Bank       Mayapada (2016-2017), Head of Customer Experience at Bank Permata Tbk
Permata Tbk (2015-2016), dan Branch Service Manager HSBC (2009-2014).      (2015-2016), and Branch Service Manager at HSBC (2009-2014).                 Warga Negara Indonesia, usia 45 tahun. Memperoleh gelar Sarjana                  Indonesian Citizen, 45 years old. Obtained Bachelor of Economics from STIE
                                                                                                                                                        Ekonomi dari STIE Nusantara pada tahun 2004. Beliau ditunjuk sebagai             Nusantara in 2004. He was appointed as Head of Product Management in
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, she holds concurrent positions as member of the Company’s         Head of Product Management sejak tahun 2021.                                     2021.
Teknologi Informasi dan Operasional (sejak 2022).                          Information Technology and Operations Committee (since 2022).
                                                                                                                                                        Sebelumnya, pernah menjabat sebagai Product Development Leader                   Previously, he served as Product Development Leader at AIA Financial
                                                                                                                                                        AIA Financial (2014-2021), Bancassurance Product Senior Manager                  (2014-2021), Bancassurance Product Senior Manager at Bank Permata
                                                                                                                                                        Bank Permata (2012-2014), Product Development of Partnership                     (2012-2014), Product Development of Partnership Distribution at
Leony Samosir                                                                                                                                           Distribution Prudential Life Assurance (2012), Product Development               Prudential Life Assurance (2012), and Product Development at Avrist
                                                                                                                                                        Avrist Assurance (2009-2012). Saat ini, beliau memiliki rangkap jabatan          Assurance (2009-2012). Currently, he holds concurrent positions as
Head of Legal and Corporate Secretary                                                                                                                   sebagai anggota Komite Produk dan Pemasaran Perseroan (sejak 2021                member of the Company’s Product and Marketing Committee (since 2021
Head of Legal and Corporate Secretary
                                                                                                                                                        hingga 31 Desember 2023).                                                        to December 31, 2023).
Warga Negara Indonesia, 40 tahun. Memperoleh gelar Sarjana Hukum dari      Indonesian Citizen, 40 years old. Obtained Bachelor of Law from Faculty
Fakultas Hukum Universitas Indonesia pada tahun 2006. Beliau memiliki      of Law, Universitas Indonesia, in 2006. She holds several professional
beberapa lisensi keanggotaan profesional dan juga terdaftar sebagai        membership licenses and is also a member of the Indonesia Corporate
anggota Indonesia Corporate Secretary Association sejak tahun 2022
dan anggota Perhimpunan Advokat Indonesia sejak tahun 2008. Beliau
                                                                           Secretary Association since 2022 as well as a member of the Indonesian
                                                                           Advocates Association since 2008. She was appointed as Head of Legal
                                                                                                                                                        Ratna Kencana Putra (Ratno)*
ditunjuk sebagai Head of Legal and Corporate Secretary sejak tahun 2022.   and Corporate Secretary in 2022.                                             Head of Partnership & Business Development
                                                                                                                                                        Head of Partnership & Business Development
Sebelumnya, pernah menjabat sebagai Head of Legal & Corporate              Previously, she served as Head of Legal & Corporate Secretary at PT
                                                                                                                                                        Warga Negara Indonesia, 42 tahun. Memperoleh gelar Sarjana Informatika           Indonesian Citizen, 42 years old. Obtained Bachelor of Informatics
Secretary PT Asuransi Cigna (Cigna Indonesia) (2017-2022), Senior Legal    Asuransi Cigna (Cigna Indonesia) (2017-2022), Senior Legal Manager at
                                                                                                                                                        dari Universitas Bina Nusantara pada tahun 2003. Beliau ditunjuk sebagai         from Universitas Bina Nusantara in 2003. He was appointed as Head of
Manager PT AIA Financial (2016-2017), Assistant Manager Corporate          PT AIA Financial (2016-2017), Assistant Manager of Corporate Legal &
                                                                                                                                                        Head of Partnership & Business Development sejak tahun 2017.                     Partnership & Business Development in 2017.
Legal & Industrial Relations PT Prudential Life Assurance (2010-2016),     Industrial Relations at PT Prudential Life Assurance (2010-2016), and
dan Senior Associate LOU & Mitra Law Firm (2006-2010).                     Senior Associate at LOU & Mitra Law Firm (2006-2010).
                                                                                                                                                        Sebelumnya, pernah menjabat Head of Strategic Partnership & Business             Previously, he served as Head of Strategic Partnership & Business
                                                                                                                                                        Development Generali Indonesia (2013-2017), Portfolio & Program                  Development at Generali Indonesia (2013-2017), Portfolio & Program
Saat ini, beliau memiliki rangkap jabatan sebagai Head of Legal            Currently, she holds concurrent positions as Head of Legal at the
                                                                                                                                                        Manager PermataBank (2011-2013), Consumer Finance Sales Officer Bank             Manager at PermataBank (2011-2013), Consumer Finance Sales Officer
Perseroan (sejak 2022), anggota Komite Teknologi Informasi dan             Company (since 2022), member of the Company’s Information
                                                                                                                                                        HSBC Indonesia (2007-2011), Sales Support ANZ Bank (2005-2007), dan              at Bank HSBC Indonesia (2007-2011), Sales Support at ANZ Bank
Operasional Perseroan (sejak 2022), anggota Komite Produk dan              Technology and Operations Committee (since 2022), member of the
                                                                                                                                                        Regional Data Analyst Nusantara Surya Sakti (2004–2005).                         (2005-2007), and Regional Data Analyst at Nusantara Surya Sakti
Pemasaran Perseroan (sejak 2022), dan anggota Komite Manajemen             Product and Marketing Committee at the Company (since 2022) and
                                                                                                                                                                                                                                         (2004-2005).
Risiko Perseroan (sejak 2022).                                             member of the Company’s Risk Management Committee (since 2022).

                                                                                                                                                        Saat ini, beliau memiliki rangkap jabatan sebagai Head of Digital Strategic      Currently, he holds a concurrent position as the Head of Digital
                                                                                                                                                        Business (sejak 1 Juli 2023) dengan misi untuk membangun struktur                Strategic Business (since July 1, 2023) with a mission to establish a
                                                                                                                                                        baru yang berfokus pada akselerasi transformasi dan meningkatkan                 new structure focusing on accelerating transformation and enhancing
                                                                                                                                                        perolehan bisnis melalui jalur digital dan anggota Komite Produk dan             business acquisition through digital channels, and he is also a member
                                                                                                                                                        Pemasaran Perseroan (sejak 2023).                                                of the Company’s Product and Marketing Committee (since 2023).

                                                                                                                                                        * Efektif per 1 Juli 2023 menjabat sebagai Head of Digital Strategic Business.   * Effective July 1, 2023, serving as Head of Digital Strategic Business.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                PT MSIG Life Insurance Indonesia Tbk
82          Laporan Tahunan 2023                                                                                                                                                                                                                                                  2023 Annual Report                83
Page 44
          Profil                                                                                                                                                                                                                                                                      Company
          Perusahaan                                                                                                                                                                                                                                                                    Profile




Mikha S. Wirianto                                                                                                                                       Ayu Meidyawati
Head of Preferred Bank Partner                                                                                                                          Head of Corporate Business and DPLK
Head of Preferred Bank Partner                                                                                                                          Head of Corporate Business and DPLK

Warga Negara Indonesia, 40 tahun. Memperoleh gelar Sarjana Ekonomi           Indonesian Citizen, 40 years old. Obtained Bachelor of Economics           Warga Negara Indonesia, 48 tahun. Memperoleh gelar Sarjana Teknik          Indonesian citizen, 48 years old. He obtained a Bachelor’s degree in
dari Universitas Kristen Maranatha pada tahun 2001. Beliau ditunjuk          from Universitas Kristen Maranatha in 2001. He was appointed as            Industri dari Universitas 17 Agustus 1945 Surabaya pada tahun 1999.        Industrial Engineering from 17 August 1945 University in Surabaya in
sebagai Head of Preferred Bank Partner sejak tahun 2020.                     Head of Preferred Bank Partner in 2020.                                    Beliau ditunjuk sebagai Head of Corporate Business and DPLK sejak          1999. He has been appointed as the Head of Corporate Business and
                                                                                                                                                        tahun 2023.                                                                DPLK since 2023.
Sebelumnya, pernah menjabat sebagai Head of Bancassurance Region 2           Previously, he served as Head of Bancassurance Region 2 at the
Perseroan (2016-2020), Regional Business Manager AIA Financial (2012-        Company (2016-2020), Regional Business Manager at AIA Financial            Sebelumnya, pernah menjabat di Perseroan sebagai Department Head           Previously, he held positions in the Company as Department Head (2016–
2015), Financial Service Consultant Head PT Prudential Life Assurance        (2012-2015), Financial Service Consultant Head at PT Prudential Life       (2016–2023), Section Leader (AVP) (2009–2016), Group Leader (2006-2009),   2023), Section Leader (AVP) (2009–2016), Group Leader (2006-2009),
(2011-2012), dan Agency Business Development Manager Avrist Assurance        Assurance (2011-2012), and Agency Business Development Manager             serta di PT MLC Life Indonesia sebagai General Manager Bancassurance       and at PT MLC Life Indonesia as General Manager Bancassurance (2000-
(2008-2010). Saat ini, beliau memiliki rangkap jabatan sebagai anggota       at Avrist Assurance (2008-2010). Currently, he holds concurrent            (2000-2006), Senior Bancassurance Manager (2000-2002), Financial Advisor   2006), Senior Bancassurance Manager (2000-2002), Financial Advisor
Komite Produk dan Pemasaran (sejak 2022 hingga 31 Desember 2023).            positions as member of the Company’s Product and Marketing                 (1999-2000), dan Marketing Officer Funding PT Bank BII (1998-1999).        (1999-2000), and Marketing Officer Funding at PT Bank BII (1998-1999).
                                                                             Committee (since 2022 to December 31, 2023).
                                                                                                                                                        Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, he holds a concurrent position as a member of the Product
                                                                                                                                                        Produk dan Pemasaran (sejak 2023).                                         and Marketing Committee (since 2023).
Hugeng Bawono
Head of Commercial & Regional Bank Partner
Head of Commercial & Regional Bank Partner                                                                                                              Ladiyana Prihantini
                                                                                                                                                        Head of Sharia Unit
Warga Negara Indonesia, 48 tahun. Memperoleh gelar Sarjana                   Indonesian Citizen, 48 years old. Obtained Bachelor of Economic
                                                                                                                                                        Head of Sharia Unit
Manajemen Ekonomi dari Universitas Katolik Atma jaya pada tahun 2003.        Management from Universitas Katolik Atma Jaya in 2009. He was
Beliau ditunjuk sebagai Head of Commercial & Regional Bank Partner           appointed as Head of Commercial & Regional Bank Partner in 2021.           Warga Negara Indonesia, 45 tahun. Memperoleh gelar Sarjana Ekonomi         Indonesian citizen, 45 years old. She obtained a Bachelor’s degree in
sejak tahun 2021.                                                                                                                                                                                                                  Management Economics from Bhayangkara University Jakarta Raya in
                                                                                                                                                        Manajemen dari Universitas Bhayangkara Jakarta Raya pada tahun
                                                                                                                                                        2015. Beliau ditunjuk sebagai Head of Sharia Unit sejak tahun 2022.        2015. She has been appointed as the Head of Sharia Unit since 2022.
Sebelumnya, pernah menjabat sebagai Head of Strategic Partnership            Previously, he served as Head of Strategic Partnership at the Company
Perseroan (2020–2021), Head of Bancassurance and Partnership                 (2020-2021), Head of Bancassurance and Partnership Development at                                                                                     Previously, she served as ZBM at PT Pasar Polis Mitra (2021–2023),
Development PT Commonwealth Life (2017-2019), Assistant Vice                 PT Commonwealth Life (2017-2019), Assistant Vice President National        Sebelumnya, pernah menjabat sebagai ZBM PT Pasar Polis Mitra (2021–
                                                                                                                                                                                                                                   Head of Agency at PT Asuransi Takaful Keluarga (2019–2021), Head
President National Business Manager AIA Financial (2013–2017), Vice          Business Manager at AIA Financial (2013-2017), Vice President Head of      2023), Head of Agency PT Asuransi Takaful Keluarga (2019–2021),
                                                                                                                                                                                                                                   of FA/BAU Recruitment at PT AIA Financial (2018-2019), and Head of
President Head of Bancassurance UOB Indonesia (2010–2013), Assistant         Bancassurance at UOB Indonesia (2010-2013), Assistant Vice President       Head of FA/BAU Recruitment PT AIA Financial (2018-2019), dan Head of       Agency Corporate Solution at PT AIA Financial (2017-2018).
Vice President Bancasurance Specialist Head CIMB Niaga (2009–2010),          Bancassurance Specialist Head at CIMB Niaga (2009-2010), Branch            Agency Corporate Solution PT AIA Financial (2017-2018).
Branch Manager HSBC (2006–2009), dan Agency Development                      Manager at HSBC (2006-2009), and Agency Development Manager
Manager Sales Office Manager AIA Indonesia (2003–2006). Saat ini,            Sales Office Manager at AIA Indonesia (2003-2006). Currently, he           Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, she holds a concurrent position as a member of the Product
beliau memiliki rangkap jabatan sebagai anggota Komite Produk dan            holds concurrent positions as member of the Company’s Product and                                                                                     and Marketing Committee (since 2023).
                                                                                                                                                        Produk dan Pemasaran (sejak 2023).
Pemasaran (sejak 2022 hingga 31 Desember 2023).                              Marketing Committee (since 2022 to December 31, 2023).



Ferry Tjong                                                                                                                                             Arlina Tridewani Benyamin
                                                                                                                                                        Head of Customer Experience & Engagement
Head of Agency Business
                                                                                                                                                        Head of Customer Experience & Engagement
Head of Agency Business
                                                                                                                                                        Warga Negara Indonesia, 44 tahun. Memperoleh gelar Sarjana Teknik          Indonesian citizen, 44 years old. She obtained a Bachelor’s degree in
Warga Negara Indonesia, usia 43 tahun. Memperoleh gelar Magister             Indonesian Citizen, 43 years old. Obtained Master of Management from
                                                                                                                                                        dari Universitas Kristen Maranatha pada tahun 2002 dan Magister            Engineering from Maranatha Christian University in 2002 and a Master’s
Manajemen dari Prasetya Mulia Business School pada tahun 2008.               Prasetya Mulia Business School in 2008. He was appointed as Head of
                                                                                                                                                        Teknik dari Universitas TU Delft pada tahun 2007. Beliau ditunjuk          degree in Engineering from TU Delft University in 2007. She has been
Beliau ditunjuk sebagai Head of Agency Business sejak tahun 2020.            Agency Business in 2020.
                                                                                                                                                        sebagai Head of Customer Experience & Engagement sejak tahun 2022.         appointed as the Head of Customer Experience & Engagement since 2022.
Sebelumnya, pernah menjabat sebagai Chief Agency Officer Panin Dai-ichi      Previously, he served as Chief Agency Officer at Panin Dai-Ichi Life
                                                                                                                                                        Sebelumnya, pernah menjabat sebagai Customer Experience Senior             Previously, she served as Customer Experience Senior Manager
Life (2015-2016), Head of Agency Sales Generali Life (2013-2015), berbagai   (2015-2016), Head of Agency Sales at Generali Life (2013-2015), other
                                                                                                                                                        Manager PT Asuransi Jiwa Generali (2015–2022), Service Quality and Re-     at PT Asuransi Jiwa Generali (2015–2022), Service Quality and
posisi dan terakhir sebagai Agency Regional Sales Head AIA Financial         several positions, and the last one as Agency Regional Sales Head at AIA
                                                                                                                                                        engineering Manager Standard Chartered Bank (2012-2015), dan Project       Re-engineering Manager at Standard Chartered Bank (2012-2015), and
(2007-2012).                                                                 Financial (2007-2012).
                                                                                                                                                        Manager PT AXA Services Indonesia (2008-2012).                             Project Manager at PT AXA Services Indonesia (2008-2012).
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Kom ite            Currently, he holds concurrent positions as member of the Company’s
                                                                                                                                                        Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, she holds a concurrent position as a member of the Product
Produk dan Pemasaran (sejak 2022).                                           Product and Marketing Committee (since 2022).
                                                                                                                                                        Produk dan Pemasaran (sejak 2023).                                         and Marketing Committee (since 2023).


Troy Steve Kipuw                                                                                                                                        Alief Yanisa
Head of Risk Management
Head of Risk Management                                                                                                                                 Risk Management Manager
                                                                                                                                                        Risk Management Manager
Warga Negara Indonesia, 47 tahun. Memperoleh gelar Sarjana                   Indonesian Citizen, 47 years old. He obtained a Bachelor’s degree in
Hubungan Internasional dari Universitas Katolik Parahyangan pada             International Relations from Universitas Katolik Parahyangan in 1999       Warga Negara Indonesia, 37 tahun. Memperoleh gelar Sarjana                 Indonesian citizen, 37 years old. He obtained a Bachelor’s degree in
tahun 1999 dan gelar Master Business Administration dari IPMI                and a Master of Business Administration from IPMI International            Manajemen Keuangan dari Sekolah Tinggi Ilmu Ekomoni ISM. Beliau            Financial Management from ISM School of Economics. He has been
International Business School pada tahun 2023. Beliau ditunjuk sebagai       Business School in 2023. He was appointed as Head of Risk Management       ditunjuk sebagai Risk Management Manager sejak tahun 2020.                 appointed as the Risk Management Manager since 2020.
Head of Risk Management sejak tahun 2022.                                    in 2022.
                                                                                                                                                        Sebelumnya, pernah menjabat sebagai Head of Risk Management                Previously, he served as Head of Risk Management at PT Asuransi
Sebelumnya, pernah menjabat sebagai Head of Risk Management and              Previously, he served as Head of Risk Management and Internal              PT Asuransi Etiqa Internasional Indonesia (2019-2020), Risk                Etiqa Internasional Indonesia (2019-2020), Risk Management
Internal Control Manulife Aset Manajemen Indonesia (2015–2022) dan           Control at Manulife Aset Manajemen Indonesia (2015-2022) and Senior        Management Manager PT Hanhwa Life Insurance Indonesia (2017-               Manager at PT Hanhwa Life Insurance Indonesia (2017-2019), Actuary
Senior Manager Risk Management PT XL Axiata Tbk (2011–2015).                 Manager Risk Management at PT XL Axiata Tbk (2011-2015).                   2019), Actuary Pricing Manager PT Hanwha Life Insurance Indonesia          Pricing Manager at PT Hanwha Life Insurance Indonesia (2015-2017),
                                                                                                                                                        (2015-2017), Enterprise Risk Management PT Asuransi Jiwa Inhealth          Enterprise Risk Management at PT Asuransi Jiwa Inhealth Indonesia
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite             Currently, he holds concurrent positions as a member of the Company’s      Indonesia (2014), dan Actuarial Specialist PT Asuransi Jiwa Inhealth       (2014), and Actuarial Specialist at PT Asuransi Jiwa Inhealth Indonesia
Pemantau Risiko (sejak 2023), anggota Komite Teknologi Informasi dan         Risk Monitoring Committee (since 2023), a member of the Company’s          Indonesia (2009-2013).                                                     (2009-2013).
Operasional Perseroan (sejak 2023), dan anggota Komite Manajemen             Information Technology and Operational Committee (since 2023), and a
Risiko (sejak 2022).                                                         member of of the Company’s Risk Management Committee (since 2022).         Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite           Currently, he holds concurrent position as a member of the Risk
                                                                                                                                                        Manajemen Risiko (sejak 2020).                                             Management Committee (since 2020).




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
84          Laporan Tahunan 2023                                                                                                                                                                                                                                        2023 Annual Report           85
Page 45
          Profil                                                                                                                                                                                                                                                                               Company
          Perusahaan                                                                                                                                                                                                                                                                             Profile




Fitriyana Maya Damayanti                                                                                                                                   Nama dan Jabatan                                   Materi                                       Waktu                        Penyelenggara
Valuation Reinsurance Assistant Manager & PLT DPLK
                                                                                                                                                           Name and Position                                  Material                                     Date                           Organizer
Valuation Reinsurance Assistant Manager & PLT DPLK
                                                                                                                                                           Renova Siregar           Implementation of General Data Protection Regulation Workshop         Mei / May          Risk Advisory and Performance
                                                                                                                                                           Chief Compliance,
Warga Negara Indonesia, 45 tahun. Memperoleh gelar Sarjana                     Indonesian citizen, 45 years old. She obatiained a Bachelor’s degree in                              Refreshment Risk Management “Implementation of Internal
Matematika dari Universitas Negeri Yogyakarta pada tahun 2003. Beliau          Mathematics from Yogyakarta State University in 2003. She has been          Legal, and Corporate                                                                           November           Risk Advisory and Performance
                                                                                                                                                           Secretary                Control in Insurance”
ditunjuk sebagai Valuation Reinsurance Assistant Manager & PLT DPLK            appointed as Valuation Reinsurance Assistant Manager & Acting DPLK
sejak tahun 2018.                                                              Manager since 2018.                                                                                  Implementation of General Data Protection Regulation Workshop         Mei / May          Risk Advisory and Performance
                                                                                                                                                           Inasari Andayani
                                                                                                                                                                                    Refreshment Risk Management “Implementation of Internal
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite               Currently, he holds a concurrent position as a member of the Risk           Atmodjo                                                                                        November           Risk Advisory and Performance
Manajemen Risiko (sejak 2023).                                                 Management Committee (since 2023).                                                                   Control in Insurance”
                                                                                                                                                           Chief Partnership
                                                                                                                                                           Distribution Officer     Program Qualified Risk Governance Professional                        Desember
                                                                                                                                                                                                                                                                             PT Cipta Raya Mekar Sahitya
                                                                                                                                                                                    Qualified Risk Governance Professional Program                        December
                                                                                                                                                                                    Pelatihan Media Handling Advance                                                         Asosiasi Asuransi Jiwa Indonesia
                                                                                                                                                                                                                                                           Februari
                                                                                                                                                                                    Advanced Media Handling Training                                                         Indonesian Life Insurance Association
Joelong                                                                                                                                                                             Copy Writing Advance
                                                                                                                                                                                                                                                            Maret            Asosiasi Asuransi Jiwa Indonesia
                                                                                                                                                           Lukman Auliadi                                                                                   March            Indonesian Life Insurance Association
Group Actuary Assistant Manager & PLT DPLK
                                                                                                                                                           Chief Customer &         Business Portfolio Optimization Opportunities                     Oktober /October       Daily Meaning
Group Actuary Assistant Manager & Acting DPLK
                                                                                                                                                           Marketing Officer
                                                                                                                                                           (Caretaker)              Strategic Management to Execute Plan                                  November           Daily Meaning
Warga Negara Indonesia, 39 tahun. Memperoleh gelar Ahli Madya Aktuaria         Indonesian citizen, 39 years old. He obtained an Associate Actuary degree
                                                                                                                                                                                    Program Qualified Chief Risk Officer                                  November           PT Cipta Raya Mekar Sahitya
dari Program Diploma III Departemen Keuangan Spesialisasi Aktuaria pada        from the Diploma III Program of the Department of Finance specializing
tahun 2005. Beliau ditunjuk sebagai Group Actuary Assistant Manager sejak      in Actuarial Science in 2005. He has been appointed as Group Actuary                                 Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                                                          November           Risk Advisory and Performance
tahun 2019 dan PLT DPLK sejak tahun 2021.                                      Assistant Manager since 2019 and Acting DPLK since 2021.                                             Control in Insurance”
                                                                                                                                                                                    Implementation of General Data Protection Regulation
Saat ini, beliau memiliki rangkap jabatan sebagai anggota Komite               Currently, he holds a concurrent position as a member of the Risk                                                                                                          Mei / May          Risk Advisory and Performance
                                                                                                                                                                                    Workshop
Manajemen Risiko (sejak 2023).                                                 Management Committee (since 2023).
                                                                                                                                                                                                                                                      Juni, Juli, Agustus,
                                                                                                                                                           Laurencia Wardhana                                                                          dan September /       Heru Yuwono Liem MCC, MP, MEC,
                                                                                                                                                                                    Execute Coaching
                                                                                                                                                           Head of Corporate                                                                          June July, August,     ACTC
                                                                                                                                                           Planning and                                                                                 and September
                                                                                                                                                           Performance              Tax Update Webinar “Minister of Finance Regulation No. 66
                                                                                                                                                                                                                                                       Agustus/ August       Deloitte
                                                                                                                                                           Management               of 2023”
                                                                                                                                                                                    Strategic Management to Execute Plan                                  November           Daily Meaning
Pelatihan dan/atau Peningkatan Kompetensi                                                                                                                                           Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                    Control in Insurance”
                                                                                                                                                                                                                                                          November           Risk Advisory and Performance

Pengurus Manajemen dan Pejabat Eksekutif                                                                                                                                            Performance Management Refreshment Workshop                       Januari / January
                                                                                                                                                                                                                                                                             Otoritas Jasa Keuangan
                                                                                                                                                                                                                                                                             Financial Services Authority
                                                                                                                                                           Furqon Wirawan
Competency-Based Training and/or Development Programs                                                                                                      Damanik
                                                                                                                                                                                    HR Forum Discussion dan Sharing Session Perpajakan
                                                                                                                                                                                                                                                          Februari /         Asosiasi Asuransi Jiwa Indonesia

for Board of Management and Executive Officers                                                                                                             Head of Finance and
                                                                                                                                                           Accounting               Refreshment Risk Management "Implementation of Internal
                                                                                                                                                                                                                                                          February           Indonesian Life Insurance Association

                                                                                                                                                                                                                                                          November           Risk Advisory and Performance
                                                                                                                                                                                    Control in Insurance"
Perseroan memberikan kesempatan kepada para pengurus                           The Company provides opportunities for management and
                                                                                                                                                           Hadi Setiawan
manajemen dan pejabat eksekutif untuk mengembangkan                            executive officers to develop competency by participating in                                         Qualified Chief Risk Officer Certification                          Maret / March        PT Cipta Raya Mekar Sahitya
                                                                                                                                                           Head of Investment
kompetensi     dengan    mengikuti   pelatihan  dan/atau                       competency-based training and/or development programs.                                                                                                                                        Persatuan Aktuaris Indonesia
                                                                                                                                                                                    The Asia Pacific PAI-SOA Joint Symposium 2023                         Juni / June
peningkatan kompetensi. Adapun jenis pelatihan dan/atau                        The types of competency-based training and/or development                                                                                                                                     Indonesian Actuaries Association
peningkatan kompetensi yang diikuti sepanjang tahun 2023                       programs attended throughout 2023 are described as follows:                                          Pendidikan Profesional Lanjutan: The Asia Pacific PAI-SOA
                                                                                                                                                           Wakhidah Muslikhah                                                                             Juni / June        PPPK
dijelaskan sebagaimana berikut:                                                                                                                                                     Joint Symposium 2023
                                                                                                                                                           Appointed Actuary
                                                                                                                                                                                    e-Learning Pendidikan Profesional Lanjutan Aktuaris Publik 2023       November           PPPK
                                                                                                                                                                                                                                                                             Persatuan Aktuaris Indonesia
 Nama dan Jabatan                                    Materi                                      Waktu                    Penyelenggara                                             Indonesian Actuaries Congress 2023 “Shaping Future Actuaries”         November
                                                                                                                                                                                                                                                                             Indonesian Actuaries Association
 Name and Position                                   Material                                    Date                       Organizer
                                                                                                                                                                                    Implementation of General Data Protection Regulation
                                                                                                                                                                                                                                                          Mei / May          Risk Advisory and Performance
                          Implementation of General Data Protection Regulation                     Mei                                                                              Workshop
                                                                                                                 Risk Advisory and Performance
                          Workshop                                                                 May                                                                              Building Market Trust Towards Continues Business Growth:
                                                                                                                                                                                                                                                                             Indonesia Risk Management
                          Seminar “Anti-Fraud Day”                                                 Juli                                                                             Central Role of Risk Management & Audit in Preventing                September
 Novelita Siregar                                                                                                GRC Management                                                                                                                                              Professional Association
                          “Anti-Fraud Day” Workshop.                                               July                                                    Vaji Vitrada Nasution    Fraud & Crime Cases in Insurance Industry
 Chief Human Capital                                                                                                                                       Head of Internal Audit
                          Webinar Cara Mudah Mengagregasikan Risiko Organisasi                                                                                                      Global Internal Audit Head Meeting 2023                              September           MS&AD
 Officer                                                                                       November          GRC Management
                          Webinar on Easy Aggregation of Organizational Risks.                                                                                                      MSIG Regional Internal Audit Conference 2023                      Oktober / October      MSIG Asia
                          Refreshment Risk Management “Implementation of Internal                                                                                                   Business Portfolio Optimization Opportunities                         November           Daily Meaning
                                                                                               November          Risk Advisory and Performance
                          Control in Insurance”
                                                                                                                                                                                    Strategic Management to Execute Plan                                  November           Daily Meaning
                          Implementation of General Data Protection Regulation                     Mei
                                                                                                                 Risk Advisory and Performance                                                                                                                               Risk Advisory and Performance &
                          Workshop                                                                 May
                                                                                                                                                                                                                                                                             Lembaga Sertifikasi Profesional
                                                                                                Oktober                                                                                                                                                                      Manajemen Risiko
                          Digital & Risk Management in Insurance 2023.                                           Asosiasi Asuransi Jiwa Indonesia
                                                                                                October                                                                                                                                                                      (LSPMR-Dr. Desmond Alexander)
                                                                                                                                                           Yulia Andri Hartiana     Implementation General Data Protection                                Mei / May
                          Seminar dan Kongres Persatuan Aktuaris Indonesia (PAI) 2023                                                                      Head of Operation                                                                                                 Risk Advisory and Performance
 Tju Cunardi
                          Khusus Fellow Society of Actuaries of Indonesia dan Umum                                                                         Development and                                                                                                   & Professional Risk Management
 Chief Actuarial
                          Seminar and Indonesia Congress of Indonesian Actuaries               November          Persatuan Aktuaris Indonesia              Control                                                                                                           Certification Institute
                          Association (PAI) 2023 Specifically for the Fellow Society of                                                                                                                                                                                      (LSPMR-Dr. Desmond Alexander)
                          Actuaries of Indonesia and the General Public.                                                                                                            Business Portfolio Optimization Opportunities                         November           Daily Meaning
                          Refreshment Risk Management “Implementation of Internal                                                                                                   Strategic Management to Execute Plan                                  November           Daily Meaning
                                                                                               November          Risk Advisory and Performance
                          Control in Insurance”

            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                             PT MSIG Life Insurance Indonesia Tbk
86          Laporan Tahunan 2023                                                                                                                                                                                                                                               2023 Annual Report               87
Page 46
        Profil                                                                                                                                                                                                                                                                         Company
        Perusahaan                                                                                                                                                                                                                                                                       Profile




Nama dan Jabatan                                 Materi                                   Waktu                     Penyelenggara                  Nama dan Jabatan                                   Materi                                      Waktu                      Penyelenggara
Name and Position                                Material                                 Date                        Organizer                    Name and Position                                  Material                                    Date                         Organizer

                                                                                                           Risk Advisory and Performance &                                 Implementation of General Data Protection Regulation
                                                                                                                                                                                                                                                 Mei / May         Risk Advisory and Performance
                                                                                                           Lembaga Sertifikasi Profesional                                 Workshop
                                                                                                           Manajemen Risiko                                                Digital Insurance Conference Asia-Pacific Accreditatio
                                                                                                           (LSPMR-Pardjo Yap)                                                                                                                   Juni / June        Digital Insurance
                       Implementation of Internal Control & Insurance                    November                                                                          Cooperation
                                                                                                           Risk Advisory and Performance
                                                                                                                                                   Ratna Kencana Putra*    Business Portfolio Optimization Opportunities                         November          Daily Meaning
                                                                                                           & Professional Risk Management
                                                                                                                                                   Head of Partnership &
                                                                                                           Certification Institute (LSPMR-                                 Strategic Management to Execute Plan                                  November          Daily Meaning
                                                                                                                                                   Business Development
                                                                                                           Pardjo Yap)
                                                                                                                                                                           Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                                                 November          Risk Advisory and Performance
                       Giving Feedback Effectively                                          April          Studiilmu                                                       Control in Insurance”
                                                                                                           PT Inixindo Persada Rekayasa                                                                                                         Desember /
                       Docker and Kubernetes.                                            Mei / May                                                                         Performance Management Workshop                                                         Internal Fasilitator
                                                                                                           Komputer                                                                                                                             December
                       High Impact Presentation Skill.                                   Mei / May         Studiilmu                               Mikha S. Wirianto       Business Portfolio Optimization Opportunities                         November          Daily Meaning
Bong Himmia                                                                                                                                        Head of Preferred
                       Implementation of General Data Protection Regulation
Head of Information                                                                      Mei / May         Risk Advisory and Performance           Bank Partner            Strategic Management to Execute Plan                                  November          Daily Meaning
                       Workshop
Technology
                       Business Portfolio Optimization Opportunities                     November          Daily Meaning                                                   Implementation of General Data Protection Regulation
                                                                                                                                                                                                                                                 Mei / May         Risk Advisory and Performance
                                                                                                                                                                           Workshop
                       Strategic Management to Execute Plan                              November          Daily Meaning
                                                                                                                                                   Hugeng Bawono           Seminar "Anti-Fraud Day"                                              Juli / July       GRC Management
                       Refreshment Risk Management “Implementation of Internal
                                                                                         November          Risk Advisory and Performance           Head of Commercial &    Business Portfolio Optimization Opportunities                         November          Daily Meaning
                       Control in Insurance”
                                                                                                                                                   Regional Bank Partner   Strategic Management to Execute Plan                                  November          Daily Meaning
                       ISO 27001 Lead Auditor                                            Mei / May         BSI
Fandi Arrya Permana                                                                                        The International Council of                                    Refreshment Risk Management “Implementation of Internal
                       Certified Computer Hacking Forensic Investigator                  Juli / July                                                                                                                                             November          Risk Advisory and Performance
Head of IT Security                                                                                        Electronic Commerce Consultants                                 Control in Insurance”
and Governance         Control Objectives for Information and Related Technologies                         Information Systems Audit and                                   Implementation of General Data Protection Regulation
                                                                                     Agustus / August                                                                                                                                            Mei / May         Risk Advisory and Performance
                       2019                                                                                Control Association                                             Workshop

                       Business Portfolio Optimization Opportunities                     November          Daily Meaning                           Ferry Tjong             Business Portfolio Optimization Opportunities                         November          Daily Meaning

                       Strategic Management to Execute Plan                              November          Daily Meaning                           Head of Agency          Strategic Management to Execute Plan                                  November          Daily Meaning
Anita Junianti                                                                                                                                     Business
                                                                                                           Lembaga Sertifikasi Profesi-Mitra                               Performance Management Workshop                                       November          Internal Fasilitator
Head of Customer
Care                                                                                                       Kalyana Sejahtera                                               Refreshment Risk Management “Implementation of Internal
                       Qualified Chief Risk Officer Certification                        November                                                                                                                                                November          Risk Advisory and Performance
                                                                                                           Professional Certification Institute-                           Control in Insurance”
                                                                                                           Mitra Kalyana Sejahtera
                                                                                                                                                                           Optimizing Business Continuity Strategy to Achieve                                      Indonesia Risk Management
                                                                                                                                                   Troy Steve Kipuw                                                                             September
                       Pendalaman Peraturan Otoritas Jasa Keuangan                                                                                                         Sustainable Objectives                                                                  Association Professional
                       No. 14/POJK.04/2022 tentang Penyampaian Laporan                                                                             Head of Risk
                                                                                                                                                   Management                                                                                   Desember /         Enterprise Risk Management
                       Keuangan Emiten atau Perusahaan Publik                                              Indonesia Corporate Secretary                                   Into the Unknown Charting the Future Agenda
                                                                                     Januari / January                                                                                                                                          December           Academy
                       In-depth Study of Financial Services Authority Regulation                           Association
                       No. 14/POJK.04/2022 on Submission of Financial Reports by                                                                                           Sosialisasi Anti Money Laundering dan Counter Terorism
                       Issuers or Public Companies                                                                                                                         Financing Dana Pensiun Lembaga Keuangan
                                                                                                                                                                                                                                                 Mei / May         Internal Fasilitator
                                                                                                                                                                           Awareness Program on Anti-Money Laundering and Counter-
                                                                                                           Asosiasi Asuransi Jiwa Indonesia
Leony Samosir          Legal & Compliance Forum ke-1 Tahun 2023                                                                                                            Terrorism Financing for Pension Funds in Financial Institutions
                                                                                     Februari / February   Indonesian Life Insurance               Ayu Meidyawati
Head of Legal and      1st Legal & Compliance Forum in 2023                                                                                                                Excutive Coaching Program                                            September          PT Holistik Lentera Edukasi
                                                                                                           Association                             Head of Corporate
Corporate Secretary
                       Pendalaman Peraturan Bursa No. I-E                                                  Indonesia Corporate Secretary           Business and DPLK       Stakeholder Management Training for Corporate Business Team          September          Momenta Indonesia
                                                                                            April
                       In-depth Study of Exchange Regulation No. I-E                                       Association                                                     Business Portfolio Optimization Opportunities                         November          Daily Meaning
                       Sosialisasi eASY.KSEI                                                                                                                               Strategic Management to Execute Plan                                  November          Daily Meaning
                                                                                     Agustus / August      PT Kustodian Sentral Efek Indonesia
                       eASY.KSEI Awareness Program
                                                                                                                                                                           Performance Management Workshop                                       November          Internal Fasilitator
                       Business Portfolio Optimization Opportunities                     November          Daily Meaning
                                                                                                                                                                           Memperkuat Literasi dan Inklusi Keuangan Syariah                                        Otoritas Jasa Keuangan
                       Strategic Management to Execute Plan                              November          Daily Meaning                                                                                                                     Februari / February
                                                                                                                                                                           Strengthening Sharia Financial Literacy and Inclusion                                   Financial Services Authority
                                                                                                           Lembaga Sertifikasi Profesi                                                                                                                             Asosiasi Asuransi Jiwa Indonesia
                       Implementation of General Data Protection Regulation                                Manajemen Risiko (LSPMR)                                        Ikhtiar, Doa, dan Tawakal dalam Menjalankan Amanah                                      & Indonesian Senior Executives
                                                                                         Mei /May
                       Workshop                                                                            Risk Management Professional                                    Kepemimpinan                                                                            Association
                                                                                                           Certification Institute (LSPMR)                                                                                                   Februari / February
                                                                                                                                                                           Efforts, Prayers, and Trust in Fulfilling Leadership                                    Indonesian Life Insurance Association
                                                                                                           Certified Risk Management                                       Responsibilities                                                                        & Indonesian Senior Executives
                       Integrated Anti-Fraud Management System                          Juni / June                                                                                                                                                                Association
                                                                                                           Professional (CRMP)
Johana Louhenapessy
                                                                                                           Badan Nasional Sertifikasi Profesi                              Excellent Public Speaking                                           Maret / March       Talkinc
Head of Compliance &
Fraud Investigation                                                                                        (BNSP)                                                          Implementation of General Data Protection Regulation
                       Certified Compliance Professional                             Oktober / October                                                                                                                                           Mei / May         Risk Advisory and Performance
                                                                                                           National Board of Professional                                  Workshop
                                                                                                                                                   Ladiyana Prihantini
                                                                                                           Certification (BNSP)
                                                                                                                                                   Head of Sharia Unit     Mengenal Lebih Jauh Pengaturan Undang Undang
                                                                                                           Lembaga Sertifikasi Profesi                                     Pengembangan dan Penguatan Sektor Keuangan dalam
                                                                                                           Manajemen Risiko (LSPMR)                                        Rangka Penguatan Sektor Perbankan                                                       Otoritas Jasa Keuangan
                       Implementation of Internal Control in Insurance                   November                                                                                                                                               Juni / June
                                                                                                           Risk Management Professional                                    Understanding Further the Regulatory Framework for the                                  Financial Services Authority
                                                                                                           Certification Institute (LSPMR)                                 Development and Strengthening of the Financial Sector in
                                                                                                           Otoritas Jasa Keuangan                                          Strengthening the Banking Sector
Indra Persada          Performance Management Refreshment Workshop                   Januari / January
                                                                                                           Financial Services Authority                                    Undangan Sosialisasi Peraturan Otoritas Jasa Keuangan No.
Head of Product                                                                                                                                                            11 Tahun 2023 tentang Pemisahan Unit Syariah Perusahaan
                       Business Portfolio Optimization Opportunities                     November          Daily Meaning
Management                                                                                                                                                                 Asuransi dan Perusahaan Reasuransi                                                      Otoritas Jasa Keuangan
                       Strategic Management to Execute Plan                              November          Daily Meaning                                                                                                                         Juli / July
                                                                                                                                                                           Invitation to Socialization on Financial Services Authority                             Financial Services Authority
                                                                                                                                                                           Regulation No. 11 of 2023 on the Separation of Sharia Units of
                                                                                                                                                                           Insurance and Reinsurance Companies



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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        Profil                                                                                                                                                                                                                                                                                                    Company
        Perusahaan                                                                                                                                                                                                                                                                                                  Profile




Nama dan Jabatan                                   Materi                                       Waktu                     Penyelenggara                 Nama dan Jabatan                                             Materi                                              Waktu                         Penyelenggara
Name and Position                                  Material                                     Date                        Organizer                   Name and Position                                            Material                                            Date                            Organizer

                                                                                                                 Lembaga Sertifikasi Profesional                                      Ultimate Guide for Sandwich Generation: Essential Financial
                                                                                                                                                                                                                                                                        Juni / June         Internal Fasilitator
                        Cara Mudah Mengagregasikan Risiko Organisasi                                             Manajemen Risiko                                                     Planning for Retirement
                                                                                               November
                        Easy Ways to Aggregate Organizational Risks                                              Risk Management Professional                                         Manajemen Stres di Era Digital                                                                        Otoritas Jasa Keuangan
                                                                                                                 Certification Institute (LSPMR)                                                                                                                        Juli / July
                                                                                                                                                                                      Stress Management in the Digital Era                                                                  Financial Services Authority
                        Refreshment Risk Management “Implementation of Internal                                                                                                       Manajemen Risiko Pembangunan Nasional-Challenges Under
                                                                                               November          Risk Advisory and Performance
                        Control in Insurance”.                                                                                                                                        the Pressure of Change and Uncertainty.
                                                                                                                                                                                                                                                                        Juli / July         GIRMA
                                                                                                                 Enterprise Risk Management                                           National Development Risk Management - Challenges Under
                                                                                              Desember /         Academy-Indonesia Risk                                               the Pressure of Change and Uncertainty.
                        Risk Beyond 2023.
                                                                                              December           Management Professional                                              Mengenal Lebih Jauh Pengaturan Undang Undang
                                                                                                                 Association                                                          Pengembangan dan Penguatan Sektor Keuangan dalam
Arlina Tridewani        Trapologist at Work.                                                  Juni / June        Momenta Indonesia                                                    Rangka Penguatan Sektor Pasar Modal.                                                                  Otoritas Jasa Keuangan
                                                                                                                                                                                                                                                                        Juli / July
Benyamin                                                                                                                                                                              Understanding Further the Regulations of the Law on the                                               Financial Services Authority
Head of Customer                                                                                                                                                                      Development and Strengthening of the Financial Sector for
Experience &            Strategic Management to Execute Plan.                                  November          Daily Meaning                                                        Strengthening the Capital Market Sector.
Engagement                                                                                                                                                                            Mengenal Lebih Jauh Pengaturan Undang Undang
                        Implementation of General Data Protection Regulation                                                                                                          Pengembangan dan Penguatan Sektor Keuangan dalam
                                                                                               Mei / May         Risk Advisory and Performance
                        Workshop.                                                                                                                                                     Rangka Industri Keuangan Non-Bank                                                                     Otoritas Jasa Keuangan
                                                                                                                                                                                                                                                                    Agustus / August
                                                                                                                 Asosiasi Ahli Manajemen Asuransi                                     Understanding Further the Regulations of the Law on the                                               Financial Services Authority
                                                                                                                 Indonesia                                                            Development and Strengthening of the Financial Sector for
Alief Yanisa            The 1st Indonesia Insurance Summit.                                Agustus / August
                                                                                                                 Indonesian Association of Insurance                                  the Non-Bank Financial Industry
Risk Management
Manager                                                                                                          Management Experts                                                                                                                                                         Otoritas Jasa Keuangan
                                                                                                                                                                                      Enhancing Financial Performance through Data Analytics                        Agustus / August
                        Chief Risk Officer Forum II.                                       Oktober / October     Asosiasi Asuransi Jiwa Indonesia                                                                                                                                           Financial Services Authority

                        Refreshment Risk Management “Implementation of Internal                                                                                                       Adaptasi Pemasaran Dana Pensiun Lembaga Keuangan Pasca
                                                                                               November          Risk Advisory and Performance                                        Undang Undang Pengembangan dan Penguatan Sektor
                        Control in Insurance”.                                                                                                                                                                                                                                              Asosiasi Dana Pensiun Lembaga
                                                                                                                                                                                      Keuangan & Optimalisasi Edukasi Dana Pensiun untuk Publik
                                                                                                                 Otoritas Jasa Keuangan                                                                                                                                                     Keuangan
                        Performance Management Refreshment Workshop.                       Januari / January                                                                          Adaptation of Pension Fund Marketing by Financial                                September
                                                                                                                 Financial Services Authority                                                                                                                                               Financial Institutions Pension Fund
                                                                                                                                                                                      Institutions Post the Law on the Development and
                                                                                                                                                                                                                                                                                            Association
                        Implementasi Artificial Inteligent di Industri Jasa Keuangan.                                                                                                 Strengthening of the Financial Sector & Optimization of
                                                                                                                 Otoritas Jasa Keuangan
                        Implementation of Artificial Intelligence in the Financial         Februari / February                                                                        Pension Fund Education for the Public
                                                                                                                 Financial Services Authority
                        Services Industry.                                                                                                                                            Managing Environmental, Social, and Governance Risk and                                               Otoritas Jasa Keuangan
                                                                                                                                                                                                                                                                   Oktober / October
                        Idea Talks Vol.3 “Scaling Up SMEs through Digitalization and                             Otoritas Jasa Keuangan                                               Opprtunities                                                                                          Financial Services Authority
                                                                                           Februari / February
                        Social Function”.                                                                        Financial Services Authority                                         Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                                                                        November            Risk Advisory and Performance
                        Trapologist at Work Batch 4.                                         Maret / March       Internal Fasilitator                                                 Control in Insurance”
                        Sosialisasi Anti Money Laundering dan Counter Terorism                                                                                                                                                                                                              Otoritas Jasa Keuangan
Fitriyana Maya                                                                                                                                                                        Risk and Governance Summit 2023                                                   November
                        Financing Dana Pensiun Lembaga Keuangan.                                                                                                                                                                                                                            Financial Services Authority
Damayanti                                                                                      Mei / May         Internal Fasilitator
                        Dissemination on Anti Money Laundering and Counter-                                                                                                           Mastering Yourself: Optimalkan Potensi dan Tingkatkan
Valuation Reinsurance   Terrorism Financing for Pension Funds of Financial Institutions.                                                                                              Kinerja di Era Digital                                                           Desember /           Otoritas Jasa Keuangan
Assistant Manager &
                        Implementation of General Data Protection Regulation                                                                                                          Mastering Yourself: Optimize Potential and Improve                               December             Financial Services Authority
PLT DPLK                                                                                       Mei / May         Risk Advisory and Performance
                        Workshop.                                                                                                                                                     Performance in the Digital Era
                        Koordinasi dan Sosialisasi Undang-Undang Pengembangan
                                                                                                                 Asosiasi Dana Pensiun Lembaga
                        dan Penguatan Sektor Keuangan.                                                                                                 * Efektif per 1 Juli 2023 menjabat sebagai Head of Digital Strategic Business. / Effective from July 1, 2023, serving as Head of Digital Strategic Business.
                                                                                              Juni / June        Keuangan (DPLK) & Otoritas Jasa
                        Coordination and Dissemination of Laws for the
                                                                                                                 Keuangan (OJK)
                        Development and Strengthening of Financial Sector.
                        Business Portfolio Optimization Opportunities                          November          Daily Meaning
                        Strategic Management to Execute Plan
                        Refreshment Risk Management “Implementation of Internal
                                                                                               November

                                                                                               November
                                                                                                                 Daily Meaning

                                                                                                                 Risk Advisory and Performance
                                                                                                                                                       Profil Karyawan
                        Control in Insurance”
                                                                                                                 Otoritas Jasa Keuangan
                                                                                                                                                       Employee Profile
                        Implementasi Artificial Intelligence di Industri Jasa Keuangan     Februari / February
                                                                                                                 Financial Services Authority
                        Idea Talks Vol.3 “Scaling Up SMEs through Digitalization and                             Otoritas Jasa Keuangan                                                                          2023                                                    2022
                                                                                           Februari / February
                        Social Function”                                                                         Financial Services Authority
                                                                                                                                                                   Uraian                                                                                                                                        Descrption
                        Memperkuat Literasi dan Inklusi Keuangan Syariah                                         Otoritas Jasa Keuangan                                                        Pria             Wanita                                Pria             Wanita
                                                                                           Februari / February                                                                                                                      Total                                                  Total
                        Strengthening Sharia Financial Literacy and Inclusion                                    Financial Services Authority                                                  Male             Female                                Male             Female
                        Workshop Trapologist at Work                                         Maret / March       Internal Fasilitator
Joelong                                                                                                                                                 Berdasarkan Tingkat Jabatan                                                                                                                               By Position Level
Group Actuary                                                                                                    Otoritas Jasa Keuangan
                        Peluang Metaverse di Industri Jasa Keuangan                            Mei / May                                                Board of Management                        8                  2                10                  9                 1                10             Board of Management
Assistant Manager &                                                                                              Financial Services Authority
                                                                                                                                                        Senior General Manager                    10                  2                12                12                  3                15           Senior General Manager
PLT DPLK                Implementation of General Data Protection Regulation
                                                                                               Mei / May         Risk Advisory and Performance          General Manager                            8                  6                14                  8                 5                13                      General Manager
                        Workshop
                        Membangun Keyakinan Nasabah Aset Digital dari Risiko Siber                               Otoritas Jasa Keuangan                 Senior Manager                            16                17                 33                13                14                 27                       Senior Manager
                                                                                               Mei / May
                        Building Digital Asset Customer Confidence from Cyber Risk                               Financial Services Authority           Manager                                   41                22                 63                33                20                 53                             Manager
                        Koordinasi dan Sosialisasi Pengembangan dan Penguatan                                    Asosiasi Dana Pensiun Lembaga          Assistant Manager                         48                42                 90                43                33                 76                 Assistant Manager
                        Sektor Keuangan                                                                          Keuangan
                                                                                              Juni / June                                               Senior Executive                          31                40                 71                25                33                 58                      Senior Executive
                        Coordination and Dissemination of Financial Sector                                       Financial Institutions Pension Fund
                        Development and Strengthening                                                            Association                            Executive                                 59                73               132                 68                80               148                             Executive




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                             PT MSIG Life Insurance Indonesia Tbk
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              Profil                                                                                                                                                                                                                                                                Company
              Perusahaan                                                                                                                                                                                                                                                              Profile




                                                2023                             2022                                               Sepanjang tahun 2023, karyawan Perseroan telah mengikuti                              Throughout 2023, the Company’s employees participated
              Uraian                                                                                          Descrption            berbagai program pelatihan softskill dan hardskill dengan                             in various soft and hard skills training programs with the
                                  Pria        Wanita               Pria        Wanita
                                                          Total                               Total                                 jumlah karyawan yang terlibat sebagai berikut:                                        following number of employees:
                                  Male        Female               Male        Female

 Senior Associate                   38            64      102        36            58           94               Senior Associate
                                                                                                                                                                                      Jumlah Karyawan yang Mendapatkan Pelatihan
 Associate                          13            19       32        20            29           49                     Associate
                                                                                                                                                                                        Number of Employees Receiving Training
 Total                             272           287      559       267           276          543                         Total
 Berdasarkan Usia                                                                                                        By Age                                                                     616 karyawan / employees
 21-30 tahun                        72            77      149        73            88          161                21-30 years old         Jumlah Peserta Pelatihan Daring                      Jumlah Peserta Pelatihan Tatap Muka                      Jumlah Peserta Pelatihan Mandiri
                                                                                                                                        Number of Online Training Participants                 Number of Online Training Participants                 Number of Online Training Participants
 31-40 tahun                       113           139      252       113           118          231                31-40 years old
                                                                                                                                             955 peserta / participants                             631 peserta / participants                             5.540 peserta / participants
 41-50 tahun                        75            63      138        70            62          132                41-50 years old
                                                                                                                                    Keterangan / Information:
 > 50 tahun                         12                8    20        11             8           19                  >50 years old   Setiap karyawan dapat mengikuti lebih dari satu program pendidikan dan/atau pelatihan, termasuk karyawan yang baru bergabung dan/atau telah selesai kontrak.
 Total                             272           287      559       267           276          543                         Total    Every employee can attend more than one training and/or development program including employees who have just joined and/or have completed their contracts.

 Berdasarkan Tingkat Pendidikan                                                                             By Educational Level
 Sekolah Menengah Atas               9            10       19        12            11           23                   High School
 Diploma I                           0                2     2         0             2            2                1-Year Diploma
 Diploma II
 Diploma III
                                     0
                                    34            42
                                                      2     2
                                                           76
                                                                      0
                                                                     39
                                                                                    2
                                                                                   42
                                                                                                 2
                                                                                                81
                                                                                                                  2-Year Diploma
                                                                                                                  3-Year Diploma    Informasi Pemegang Saham
 Diploma IV                          1                4     5         1             2            3                4-Year Diploma
                                                                                                                                    Information on Shareholders
 Strata I                          211           216      427       199           208          407             Bachelor’s Degree
 Strata II                          17            11       28        16             9           25               Master’s Degree
 Strata III                          0                0     0         0             0            0             Doctorate Degree
 Total                             272           287      559       267           276          543                         Total    Komposisi Pemegang Saham
 Berdasarkan Status Ketenagakerjaan                                                                       By Employment Statue      Composition of Shareholders
 Tetap                             233           222      455       216           214          430                    Permanent
                                                                                                                                                                                   31 Desember 2023                                                          1 Januari 2023
 Kontrak                            39            65      104        51            62          113                      Contract                                                   December 31, 2023                                                        January 1, 2023
 Total                             272           287      559       267           276          543                         Total
                                                                                                                                                                  Jumlah Saham                                                           Jumlah Saham
                                                                                                                                          Uraian                 Ditempatkan dan                                Kepemilikan             Ditempatkan dan                                Kepemilikan
                                                                                                                                        Description               Disetor Penuh                                   Saham                  Disetor Penuh                                   Saham
                                                                                                                                                                                                  Jumlah                                                                Jumlah
                                                                                                                                                                 (Lembar Saham)                                    Share                (Lembar Saham)                                    Share
                                                                                                                                                                                                  Number                                                                Number
                                                                                                                                                               Number of Issued and                              Ownership            Number of Issued and                              Ownership
                                                                                                                                                                  Paid-Up Shares                                    (%)                  Paid-Up Shares                                    (%)
                                                                                                                                                                     (Shares)                                                               (Shares)


Pelatihan dan/atau Peningkatan                                                                                                       Kepemilikan Saham Lebih dari 5% / Ownership of More than 5% Shares
                                                                                                                                     Mitsui Sumitomo
                                                                                                                                                                         1.680.000.000           1.680.000                80                    1.680.000.000           1.680.000                  80
Kompetensi Karyawan                                                                                                                  Insurance Co., Ltd.
                                                                                                                                     PT Sinarmas
                                                                                                                                                                           262.500.000             262.500            12,50                       262.500.000             262.500           12,50
Competency-Based Training and/or Development                                                                                         Multiartha Tbk
                                                                                                                                     Kepemilikan Saham Kurang dari 5% / Ownership of Less than 5% Shares
Programs for Employee                                                                                                                Masyarakat / Public                   157.500.000             157.500              7,50                      157.500.000             157.500             7,50
                                                                                                                                     Total                               2.100.000.000           2.100.000              100                     2.100.000.000           2.100.000               100


Salah satu realisasi komitmen Perseroan dalam mendukung           One realization of the Company’s commitment to supporting
ketersediaan sumber daya berkualitas adalah dengan                the availability of quality resources is by involving employees   Komposisi Pemegang Saham yang Memiliki 5% atau Lebih Saham
mengikutsertakan karyawan pada berbagai jenis pelatihan.          in various types of training. The Top 10 Training Programs        Composition of Shareholders with 5% or More Shares
Adapun Top 10 Program Pelatihan yang paling banyak diikuti        most attended by employees are as follows:
oleh karyawan adalah:                                                                                                                                                              31 Desember 2023                                                          1 Januari 2023
                                                                                                                                                                                   December 31, 2023                                                        January 1, 2023
1. Compliance, Risk Management, & IT Security Awareness           1. Compliance, Risk Management, & IT Security Awareness
    Modul;                                                            Modul;                                                                                      Jumlah Saham                                                           Jumlah Saham
2. Trapologist at Work;                                           2. Trapologist at Work;                                                 Uraian                 Ditempatkan dan                                Kepemilikan             Ditempatkan dan                                Kepemilikan
                                                                                                                                        Description               Disetor Penuh                                   Saham                  Disetor Penuh                                   Saham
3. Strategic Management to Execute Plan;                          3. Strategic Management to Execute Plan;                                                                                        Jumlah                                                                Jumlah
                                                                                                                                                                 (Lembar Saham)                                    Share                (Lembar Saham)                                    Share
4. Business Portfolio Optimization Opportunities;                 4. Business Portfolio Optimization Opportunities;                                                                               Number                                                                Number
                                                                                                                                                               Number of Issued and                              Ownership            Number of Issued and                              Ownership
5. Signature Verification Training;                               5. Signature Verification Training;                                                             Paid-Up Shares                                    (%)                  Paid-Up Shares                                    (%)
                                                                                                                                                                     (Shares)                                                               (Shares)
6. Effective Leader & Leader as Coach;                            6. Effective Leader & Leader as Coach;
7. Stakeholder Management;                                        7. Stakeholder Management;                                         Mitsui Sumitomo
                                                                                                                                                                         1.680.000.000           1.680.000                80                    1.680.000.000           1.680.000                  80
8. Change Awareness;                                              8. Change Awareness;                                               Insurance Co., Ltd.

9. Technical IT Knowledge; dan                                    9. Technical IT Knowledge; and                                     PT Sinarmas
                                                                                                                                                                           262.500.000             262.500            12,50                       262.500.000             262.500           12,50
                                                                                                                                     Multiartha Tbk
10. Actuarial Seminar & Examination Program.                      10. Actuarial Seminar & Examination Program.
                                                                                                                                     Total                               1.942.500.000           1.942.500            92,50                     1.942.500.000           1.942.500           92,50



               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
92             Laporan Tahunan 2023                                                                                                                                                                                                                              2023 Annual Report                     93
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         Profil                                                                                                                                                                                                                                            Company
         Perusahaan                                                                                                                                                                                                                                          Profile




Informasi Pemegang Saham yang Memiliki 5% atau                      Information on Shareholders with 5% or More                                                               31 Desember 2023                                        1 Januari 2023
Lebih Saham                                                         Shares                                                                                                    December 31, 2023                                      January 1, 2023

                                                                                                                                                                                Jumlah Saham                                          Jumlah Saham
Mitsui Sumitomo Insurance Co., Ltd.                                 Mitsui Sumitomo Insurance Co., Ltd.                                     Uraian                Total        Ditempatkan dan      Kepemilikan     Total            Ditempatkan dan         Kepemilikan
Mitsui Sumitomo Insurance Co., Ltd. terbentuk sejak Oktober         Mitsui Sumitomo Insurance Co., Ltd. was established in October        Description          Pemegang         Disetor Penuh         Saham      Pemegang             Disetor Penuh            Saham
                                                                                                                                                                 Saham         (Lembar Saham)          Share       Saham             (Lembar Saham)             Share
2001 melalui penggabungan bisnis 2 perusahaan. Pada April           2001 through the merger of two companies. In April 2008,                                      Total        Number of Issued      Ownership      Total            Number of Issued         Ownership
2008, seluruh grup usaha melakukan perubahan struktur               the entire group changed its organizational structure and                                 Shareholders    and Paid-Up Shares        (%)     Shareholders        and Paid-Up Shares           (%)
organisasi dan bergabung dalam 1 perusahaan induk guna              merged into one holding company to expand the range                                                            (Shares)                                              (Shares)
memperluas jangkauan diversifikasi bisnis. Sejak April 2010,        of business diversification. In April 2010, Mitsui Sumitomo        Broker / Broker               3                  2.579.900       0,12                2                  1.574.400           0,07
Mitsui Sumitomo Insurance Group, Aioi Insurance Co., Ltd., dan      Insurance Group, Aioi Insurance Co., Ltd., and Nissay Dowa         Perseroan Terbatas /
Nissay Dowa General Insurance Co., Ltd. bergabung membentuk         General Insurance Co., Ltd. merged to form MS&AD Insurance         Limited Liability             7                 40.002.400       1,90                6                 37.434.900           1,78
                                                                                                                                       Companies
MS&AD Insurance Group Holdings Inc yang kemudian memegang           Group Holdings Inc, which then held the biggest share in
                                                                                                                                       Asuransi / Insurance          6                112.515.600       5,36                7                115.619.200           5,51
pangsa terbesar premi asuransi kerugian di Jepang hingga            general insurance premiums in Japan and was listed in the top
                                                                                                                                       Reksadana /
tercatat dalam 10 besar bisnis grup asuransi kerugian di dunia.     10 general insurance group businesses in the world.                Mutual Funds
                                                                                                                                                                     2                  1.217.900       0,06                2                  1.217.900           0,06

                                                                                                                                       Sub Total                   647                157.360.100       7,49              591                157.001.100           7,48
Kini, MSI telah melakukan berbagai ekspansi global yang             Now, MSI has undertaken various significant global expansions      Kepemilikan Saham Kurang dari 5% / Ownership of Less than 5% Shares
signifikan dan mendirikan banyak Entitas Anak dan kantor            and established many Subsidiaries and branch offices across        Badan Usaha /
                                                                                                                                                                     6                   139.900        0,01                5                    498.900           0,02
cabang di berbagai belahan dunia melalui jaringan di 42             different parts of the world through a network in 42 countries,    Business Entitles
negara, khususnya Asia Tenggara. Ketahanan bisnis MSI yang          particularly in Southeast Asia. MSI’s proven business resilience   Sub Total                     6                   139.900        0,01                5                    498.900           0,02
teruji tidak terlepas dari komitmennya terhadap praktik             is attributable to its commitment to sustainability practices      Total                       653                157.500.000       7,50              596                157.500.000           7,50
keberlanjutan dan tanggung jawab sosial melalui berbagai            and social responsibility through various insurance products
produk asuransi yang melayani berbagai segmentasi pasar.            that serve various market segments.                                Komposisi Kepemilikan Saham Dewan                                     Composition of Share Ownership of
                                                                                                                                       Komisaris, Dewan Pengawas Syariah, dan                                the Board of Commissioners, Sharia
PT Sinar Mas Multiartha Tbk                                         PT Sinar Mas Multiartha Tbk                                        Direksi                                                               Supervisory Board, and Board of Directors
PT Sinar Mas Multiartha Tbk merupakan salah satu perusahaan         PT Sinar Mas Multiartha Tbk is one of the leading companies
terkemuka di Indonesia yang bergerak di sektor pembiayaan           in Indonesia, which has been operating in the financing sector     Anggota Dewan Komisaris, Dewan Pengawas Syariah, dan                  Members of the Board of Commissioners, Sharia Supervisory
sejak tahun 1982, dengan merk dagang PT Internas Arta               since 1982, with the trademark PT Internas Arta Leasing            Direksi tidak memiliki saham secara langsung atas saham               Board, and Board of Directors do not directly own shares in
Leasing Company. Kemudian pada tanggal 5 Juli 1995,                 Company. Then, on July 5, 1995, the company officially             Perseroan pada awal dan akhir tahun 2023.                             the Company at the beginning and end of 2023.
perusahaan resmi menjadi perusahaan terbuka dan berganti            became a public company and changed its name to PT Sinar
nama menjadi PT Sinar Mas Multiartha Tbk. Selain bidang             Mas Multiartha Tbk. In addition to the financing business
usaha pembiayaan, perusahaan juga telah melakukan berbagai          sector, the company has also pursued various other business
ekspansi bisnis lainnya, termasuk pembiayaan mikro dan              expansions, including microfinance and property. Today,            Kepemilikan Tidak Langsung atas Saham                                 Indirect Ownership of the Company’s
properti. Kini, PT Sinar Mas Multiartha Tbk telah memiliki          PT Sinar Mas Multiartha Tbk has branches and an extensive          Perseroan oleh Anggota Dewan Komisaris,                               Shares by Members of the Board of
cabang dan jaringan pelayanan yang meluas di berbagai               service network in various regions of Indonesia with the           Dewan Pengawas Syariah, dan                                           Commissioners, Sharia Supervisory Board,
wilayah di Indonesia dengan semangat mendukung UMKM                 enthusiasm to support MSMEs by providing various integrated        Anggota Direksi                                                       and Board of Directors
melalui penyediaan berbagai jasa keuangan terpadu yang              financial services tailored to community needs.
disesuaikan dengan kebutuhan masyarakat.                                                                                               Anggota Dewan Komisaris, Dewan Pengawas Syariah, dan                  Members of Board of Commissioners, Sharia Supervisory
                                                                                                                                       Direksi tidak memiliki saham tidak langsung atas saham                Board, and Board of Directors had no indirect ownership of
Komposisi Pemegang Saham Masyarakat dengan Kepemilikan Saham                                                                           Perseroan pada awal dan akhir tahun 2023.                             the Company’s shares at the beginning and end of 2023.
Masing-Masing Kurang dari 5%
Composition of Public Shareholders with Each Share Ownership is Less than 5%                                                           Komposisi Kepemilikan Saham berdasarkan Klasifikasi Pemegang Saham
                                                                                                                                       Composition of Share Ownership based on Classification of Shareholders
                                        31 Desember 2023                                        1 Januari 2023
                                        December 31, 2023                                      January 1, 2023                                                                31 Desember 2023                                        1 Januari 2023
                                                                                                                                                                              December 31, 2023                                      January 1, 2023
                                          Jumlah Saham                                         Jumlah Saham
     Uraian               Total          Ditempatkan dan      Kepemilikan     Total           Ditempatkan dan        Kepemilikan                                                Jumlah Saham                                          Jumlah Saham
   Description         Pemegang           Disetor Penuh         Saham      Pemegang            Disetor Penuh           Saham                Uraian                Total        Ditempatkan dan      Kepemilikan     Total            Ditempatkan dan         Kepemilikan
                         Saham           (Lembar Saham)          Share       Saham            (Lembar Saham)            Share             Description          Pemegang         Disetor Penuh         Saham      Pemegang             Disetor Penuh            Saham
                          Total          Number of Issued      Ownership      Total           Number of Issued        Ownership                                  Saham         (Lembar Saham)          Share       Saham             (Lembar Saham)             Share
                      Shareholders      and Paid-Up Shares        (%)     Shareholders       and Paid-Up Shares          (%)                                      Total        Number of Issued      Ownership      Total            Number of Issued         Ownership
                                             (Shares)                                             (Shares)                                                    Shareholders    and Paid-Up Shares        (%)     Shareholders        and Paid-Up Shares           (%)
                                                                                                                                                                                   (Shares)                                              (Shares)
 Pemodal Nasional / National Investor
 Bank (Domestik) /                                                                                                                     Pemodal Nasional / National Investor
                              -                           -          -               1                     82.900         0,00
 Banks (Domestic)
                                                                                                                                       Bank (Domestik) /
                                                                                                                                                                     -                       -                -             1                  82.900              0,00
 Individual                                                                                                                            Banks (Domestic)
 (Domestik) /
                            627                   1.044.000       0,05            571                   1.071.500         0,05         Individual
 Individual
 (Domestic)                                                                                                                            (Domestik) /
                                                                                                                                                                   627               1.044.000          0,05              571               1.071.500              0,05
                                                                                                                                       Individual
 Individual (KITAS-
                                                                                                                                       (Domestic)
 NPWP) / Individual           2                        300        0,00               2                        300         0,00
 (KITAS-NPWP)


           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                             PT MSIG Life Insurance Indonesia Tbk
94         Laporan Tahunan 2023                                                                                                                                                                                                               2023 Annual Report          95
Page 50
         Profil                                                                                                                                                                                                                                                                         Company
         Perusahaan                                                                                                                                                                                                                                                                       Profile




                                         31 Desember 2023
                                         December 31, 2023
                                                                                                   1 Januari 2023
                                                                                                  January 1, 2023
                                                                                                                                          Informasi Entitas Anak, Perusahaan Asosiasi,
                            Total
                                           Jumlah Saham
                                          Ditempatkan dan        Kepemilikan     Total
                                                                                                  Jumlah Saham
                                                                                                 Ditempatkan dan        Kepemilikan
                                                                                                                                          dan Perusahaan Ventura
     Uraian
   Description           Pemegang          Disetor Penuh           Saham      Pemegang            Disetor Penuh           Saham           Information on Subsidiaries, Associated Companies, and
                           Saham          (Lembar Saham)            Share       Saham            (Lembar Saham)            Share
                            Total         Number of Issued        Ownership      Total           Number of Issued        Ownership        Venture Companies
                        Shareholders     and Paid-Up Shares          (%)     Shareholders       and Paid-Up Shares          (%)
                                              (Shares)                                               (Shares)

 Individual (KITAS-                                                                                                                       Hingga akhir tahun 2023, Perseroan tidak memiliki Entitas                            As of the end of 2023, the Company has no Subsidiaries,
 NPWP) / Individual              2                       300          0,00              2                     300             0,00        Anak, Perseroan Asosiasi, maupun Perseroan Ventura.                                  Associated Companies, or Venture Companies.
 (KITAS-NPWP)
 Broker / Broker                 3                  2.579.900         0,12              2                1.574.400            0,07
 Perseroan Terbatas /
 Limited Liability               8              302.502.400          14,40              7             299.934.900           14,28
 Companies
 Asuransi / Insurance            6              112.515.600           5,36              7             115.619.200             5,51
 Reksadana / Mutual
 Funds
 Sub Total                    648
                                 2                  1.217.900

                                                419.860.100
                                                                      0,06

                                                                     19,99
                                                                                        2

                                                                                      592
                                                                                                         1.217.900

                                                                                                      419.501.100
                                                                                                                              0,06

                                                                                                                            19,98
                                                                                                                                          Kronologi Pencatatan Saham
 Pemodal Asing / Foreign Investor                                                                                                         Chronology of Share Listing
 Badan Usaha /
                                 7            1.680.139.900          80,01              6            1.680.498.900          80,02
 Business Entitles
 Sub Total                       7            1.680.139.900          80,01              6            1.680.498.900          80,02         Perseroan melakukan Penawaran Umum Perdana Saham di                                  The Company conducted its Initial Public Offering of Shares
 Total                        655             2.100.000.000         100,00            598            2.100.000.000            100         Bursa Efek Indonesia dengan kode saham LIFE pada tanggal                             on Indonesia Stock Exchange with the stock code LIFE on
                                                                                                                                          9 Juli 2019 setelah memperoleh pernyataan efektif dari                               July 9, 2019, after receiving an effective statement from
                                                                                                                                          Dewan Komisioner Otoritas Jasa Keuangan. Berikut informasi                           OJK’s Board of Commissioners. The following is information

Struktur Pemegang Saham Utama dan Pengendali                                                                                              pencatatan saham Perseroan yang telah diterbitkan di Bursa
                                                                                                                                          Efek Indonesia:
                                                                                                                                                                                                                               on the listing of the Company’s shares that has been issued on
                                                                                                                                                                                                                               Indonesia Stock Exchange:
Structure of Major and Controlling Shareholders
                                                                                                                                                                                                                                                                           Nilai              Harga
                                                                                                                                                                                                                              Jumlah Saham Beredar
                                                                                                                                                 Tanggal                                                                                                                  Nominal           Penawaran
                                                         MS&AD Insurance Group                                                                 Pelaksanaan
                                                                                                                                                                                        Keterangan                               (Lembar Saham)
                                                                                                                                                                                                                                                                          Nominal            Offering
                                                             Holdings Inc                                                                                                               Description                        Number of Outstanding Shares
                                                                                                                                              Execution Date                                                                                                               Value              Price
                                                                                                                                                                                                                                     (Shares)
                                                                                                                                                                                                                                                                            (Rp)               (Rp)

                                                                                                                                           9 Juli 2019                   Penawaran umum perdana saham
                                                                                                                                                                                                                            1.050.000.000          1.050.000.000              100               12.100
                                                                                                                                           July 9, 2019                  Initial public offering
                                                                                                                                                                         Pembagian saham bonus yang berasal dari
                                                                  100.00%                                                                  25 September 2019             kapitalisasi agio saham Perseroan
                                                                                                                                                                                                                                   x2              2.100.000.000              100                   -
                                                                                                                                           September 25, 2019            Distribution of bonus shares derived from
                                                                                                                                                                         the Company’s additional paid-in capital
                                                             Mitsui Sumitomo
   PT Sinar Mas Multiartha Tbk                                                                         Masyarakat / Public
                                                            Insurance Co., Ltd.                                                           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.
                     12.50%                                       80.00%                                        7.50%




                                                         PT MSIG Life Insurance
                                                             Indonesia Tbk



Keterangan / Description:
                                                                                                                                          Kronologi Pencatatan Efek Lainnya
              Badan Hukum Asing / Foreign Legal Entity                                                                                    Chronology of Other Securities Listing
              Badan Hukum Indonesia / Indonesian Legal Entity


                                                                        Based on this structure, Mitsui Sumitomo Insurance Co., Ltd. Is   Sampai dengan akhir 2023, Perseroan tidak melakukan                                  Until the end of 2023, the Company did not issue bonds,
Berdasarkan struktur tersebut, Mitsui Sumitomo Insurance                the Major and Controlling Shareholder of the Company with a       pencatatan obligasi, sukuk, obligasi konversi, dan/atau efek                         sukuk, convertible bonds, and/or other securities, apart from
Co., Ltd. merupakan pemegang saham utama dan pengendali                 share ownership of 80%.                                           lainnya, selain saham.                                                               its shares.
Perseroan dengan kepemilikan saham sebesar 80%.




             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
96           Laporan Tahunan 2023                                                                                                                                                                                                                                     2023 Annual Report                 97
Page 51
        Profil                                                                                                                                                                                                                                                                            Company
        Perusahaan                                                                                                                                                                                                                                                                          Profile




Informasi Penggunaan Jasa Akuntan Publik dan                                                                                                         Penghargaan dan Sertifikasi
Kantor Akuntan Publik                                                                                                                                Awards and Certifications
Information on the Use of Public Accountant and
Public Accounting Firm Services                                                                                                                      Penghargaan
                                                                                                                                                     Awards

         Kantor Akuntan Publik
                                                  Purwantono Sungkoro, Surja
         Public Accounting Firm
       Jaringan/Asosiasi/Aliansi                  Anggota dari Ernst & Young Global
     Network/Association/Alliance                 Member of Ernst & Young Global
                                                                                                                                                                                            PT Asuransi Jiwa Sinarmas MSIG Tbk


         Nama Akuntan Publik
                                                  Ignatius Yokajaya                                                                                                                                        4th Anniversary


       Name of Public Accountant
                                                                                                                                                                                          Indonesia’s Popular Digital Product
                                                                                                                                                                                           Awards 2023 (Financial Industry)
                                                                                                                                                                                                   E-Claim in Life Insurance Category




                                                  Indonesia Stock Exchange Building
                                                  Tower 2, Lt. 7
                                                  Jl. Jend. Sudirman Kav. 52-53
                   Alamat
                                                  Jakarta 12190
                   Address
                                                  T : (021) 52895000                                                                                            Indonesia’s Popular Digital Product Awards 2023                                   Unit Link Terbaik 2023
                                                  F : (021) 52894100                                                                                            (Financial Industry)                                                              Best Unit Link 2023
                                                  E : ey.com/ID
                                                                                                                                                     4th Indonesia’s Popular Digital Product Awards 2023                                Unit Link Awards 2023
            Periode Penugasan
                                                  2023                                                                                               The Iconomics                                                                      Majalah Investor
            Assignment Period
                                                                                                                                                     17 Februari 2023                                                                   24 Februari 2023
                                                  Audit atas Laporan Keuangan Perseroan dan atas paket pelaporan grup ke Entitas Induk Perseroan
           Jasa yang Diberikan                                                                                                                       February 17, 2023                                                                  February 24, 2023
                                                  Audit of the Company’s Financial Statements and of the group reporting package to the Company’s
            Services Rendered                                                                                                                        Kategori / Category:                                                               Kategori / Category:
                                                  Parent Entity
                                                                                                                                                     E-Claim in Life Insurance Category                                                 Simas Stabile Dollar Fund
                 Biaya Jasa                                                                                                                                                                                                             • Kategori Pendapatan Tetap Periode 3 Tahun
                                                  Jasa Audit / Audit Services           : Rp4.090.350.000,-
                Service Fees                                                                                                                                                                                                            • Kategori Pendapatan Tetap Periode 5 Tahun
                                                                                                                                                                                                                                        • 3-Year Fixed Income Category
                                                                                                                                                                                                                                        • 5-Year Fixed Income Category




Lembaga dan Profesi Penunjang Pasar Modal
Capital Market Supporting Institutions and Professions

       Uraian                         Nama                                                       Alamat
     Description                      Name                                                       Address

Biro Administrasi Efek /   PT Sinartama Gunita             Menara Tekno Lt. 7
Share Registrar Bureau                                     Jl. H. Fachrudin No. 19
                                                           Tanah Abang, Jakarta Pusat
                                                           T : (021) 392 2332
                                                           W : www.sinartama.co.id
Konsultan Hukum /          Lit & Co Law Firm               Kantor Jakarta:                             Kantor Tangerang:
Legal Consultant                                           Jakarta Office:                             Tangerang Office:
                                                           Jl. Tanjung Duren Selatan No. 57            Ruko Prominance
                                                           Grogol Petamburan                           Jl. Jalur Sutera Boulevard No. 17 Blok 38 H
                                                           Jakarta Barat                               Alam Sutera, Tangerang, Banten
                                                           T : (021) 25697 6115                        T : (021) 2125 2184
                                                                  081 1901 9009
                                                                                                                                                                Unitlink Awards 2023
                           Persekutuan Perdata Kantor      Menara Sudirman Lantai 18 ABD
                           Notaris Aulia Taufani, S.H &    Jl. Jenderal Sudirman Kavling 60
                                                                                                                                                     Unitlink Awards 2023
                           Aryanti Artisari, S.H., M.Kn    Jakarta Selatan 12190
Notaris / Notary                                                                                                                                     Media Asuransi
                           Civil Partnership of Notary
                           Office Aulia Taufani, S.H &                                                                                               28 Februari 2023
                           Aryanti Artisari, S.H., M.Kn.                                                                                             February 28, 2023
                                                                                                                                                     Kategori / Category:
                                                                                                                                                     • Unitlink Campuran Dolar untuk Excellink Balance Dollar Fund / Balanced Dollar Unitlink for Excellink Balance Dollar Fund ;
                                                                                                                                                     • Unitlink Pendapatan Tetap Dolar untuk Simas Stabile Dollar Fund / Fixed Income Dollar Unitlink for Simas Stabile Dollar Fund;
                                                                                                                                                     • Unitlink Pendapatan Tetap Syariah Rupiah untuk Excellink Stabile Fund Syariah / Sharia Rupiah Fixed Income Unitlink for Excellink Stabile Fund Shariah;
                                                                                                                                                     • Unitlink Pendapatan Tetap Syariah Rupiah untuk Excellink-Fixed Income Syariah; dan / Sharia Rupiah Fixed Income Unitlink for Excellink-Fixed
                                                                                                                                                     Income Shariah; and
                                                                                                                                                     • Unitlink Pasar Uang Syariah Rupiah untuk Excellink – Cash Fund Syariah. / Sharia Rupiah Money Market Unitlink for Excellink –Cash Fund Shariah.



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                              PT MSIG Life Insurance Indonesia Tbk
98        Laporan Tahunan 2023                                                                                                                                                                                                                                                2023 Annual Report         99
Page 52
          Profil                                                                                                                                                                                                                                                                                                                                                                                                                                                     Company
          Perusahaan                                                                                                                                                                                                                                                                                                                                                                                                                                                   Profile




                                                                                                                     Warta Ekonomi proudly honors:

                                                                                                                     Wianto Chen
                         WIANTO                                                                                      President Director & CEO
                                                                                                                     PT Asuransi Jiwa Sinarmas MSIG Tbk
                                                                                                                     From


                                                                                                                                                                                                                                                                                                                   PT Asuransi Jiwa Sinarmas MSIG Tbk

                         President Director PT Asuransi Jiwa Sinarmas MSIG Tbk                                       as
                                                                                                                     Best Leader for Sustainability
                                                                                                                     Acceleration Through Development of
                                                                                                                     Long Term Financial Planning Solutions
                                                                                                                                                                                                                                                                                                                                      4th Anniversary
                                                                                                                                                                                                                                                                                                                Indonesia’s Popular Digital Product
                                                                                                                     Category
                                                                                                                     Life Insurance, Total Assets
                                                                                                                                                                                                                                                                                                                 Awards 2023 (Financial Industry)
                         As the Honoree of                                                                           10T - 25T                                                                                                                                                                                                E-Claim in Life Insurance Category


                                                                                                                     Wednesday, May 31st 2023
                                                                                                                     Jakarta
                         “Special Mention”
                         Top CEO in Innovative Action
                                                                                                                     Muhamad Ihsan
                                                                                                                     CEO & Chief Editor




                                                                                                       For Wianto Chen: Best Leader for Sustainability
           Indonesia 50 Most Popular CEO 2023:                                                                                                                                                                                                         4th Indonesia Top Insurance Company                                                                                    Excellence Financial Performance Islamic
                                                                                                       Acceleration Through Development of Long Term
           Top CEO in Innovative Action                                                                                                                                                                                                                Awards 2023                                                                                                            Banking Unit of Life Insurance Company in 2022
                                                                                                       Financial Planning Solutions


Indonesia Best CEO Award 2023                                                                 Financial Top Leader Award 2023                                                                                                               Indonesia Top Insurance Companies Awards 2023                                                                          Sharia Award 2023
The Iconomics                                                                                 Warta Ekonomi                                                                                                                                 The Iconomics                                                                                                          Infobank
6 April 2023                                                                                  31 Mei 2023                                                                                                                                   8 September 2023                                                                                                       30 September 2023
April 6, 2023                                                                                 May 23, 2023                                                                                                                                  September 8, 2023                                                                                                      September 30, 2023
                                                                                                                                                                                                                                            Kategori / Category:                                                                                                   Kategori / Category:
                                                                                                                                                                                                                                            Performing in Asset 10-25 Trilion Life Insurance Company                                                               Gross Premium <IDR 100 Billion




                                                                                                                                                                                                                                                                                                                                                                                                        PE N G HAR GAAN
                                                                                                                                                                                                                                                                                                                                                                                                         SERTIFIKAT PENGHARGA AN DIBERIKAN KE PADA

                                                                                                                                                                                                             HerStory proudly honors:

                                                                                                                                                                                          PT Asuransi Jiwa Sinarmas MSIG Tbk.
                                  Warta Ekonomi proudly honors:                                                                                                                                                                                                        Warta Ekonomi proudly honors:

                                  PT Asuransi Jiwa Sinarmas MSIG Tbk.                                                                                                                                                                                                  PT Asuransi Jiwa Sinarmas MSIG



                                                                                                                                                                    Best Women-Oriented Corporate Social Responsibility 2023 with
                                                                                                                                                                                                                                      as
                                                                                                                                                                                                                                                                                                                                                                                             PT ASURANSI JIWA SINARMAS MSIG TBK
                                                                                                                                                              Outstanding Program in Supporting Social Environmental Sustainability
                                  as
                                                                                                                                                                                                           Category: Life Insurance                                    as

                                  Indonesia Best CSR Award 2023 with Outstanding Program in                                                                                                                                                                            Best Insurance 2023 with Top Financial Performance and Commitment to
                                  Supporting Environmental Preservation                                                                                                                                                                                                Provide Long-Term Protection Solutions

                                  Category

                                  Life Insurance
                                                                                                                                                                                                                                                                       Category
                                                                                                                                                                                                                                                                       Life Insurance, Total Assets 10T - 25T
                                                                                                                                                                                                                                                                                                                                                                                            TOP HUMAN CAPITAL AWARDS 2023 #STAR 4
                                                                                                                                                                                                                                                                                                                                                                                                                   JAKARTA , 19 OKTOBER 2023

                                                                                                                                                                                                         Wednesday, August 30th 2023
                                  Thursday, July 6th 2023                                                                                                                                                                                                              Wednesday, September 27th 2023
                                                                                                                                                                                                                            Jakarta
                                  Jakarta                                                                                                                                                                                                                              Jakarta
                                                                                                                                                                                                                                                                                                                                                                                                  KETUA DEWAN JURI                      KETUA PENYELENGGARA



                                  Muhamad Ihsan                                                                                                                                                                  Clara A. Sukandar                                     Muhamad Ihsan
                                                                                                                                                                                                                Pemimpin Redaksi HerStory
                                  CEO & Chief Editor                                                                                                                                                                                                                   CEO & Chief Editor


                                                                                                                                                                                                                                                                                                                                                                                              DR. BUDI WI DJAYA SOETJIPTO           M. LUTFI HANDAYANI, MM., MBA .




           Indonesia Best CSR Award 2023 with Outstanding                                              Outstanding Program in Supporting Social                                                                                                        Best Insurance 2023 with Top Financial
           Program in Supporting Environmental Preservation                                            Environmental Sustainability                                                                                                                    Performance and Commitment to Provide                                                                                  Top Human Capital Awards 2023 #STAR 4
                                                                                                                                                                                                                                                       Long-Term Protection Solutions

Indonesia CSR Awards 2023                                                                     Women Oriented CSR Awards
Warta Ekonomi                                                                                 HerStory by Warta Ekonomi                                                                                                                     Indonesia Best Insurance Award 2023                                                                                    Top Human Capital Awards 2023
6 Juli 2023                                                                                   30 Agustus 2023                                                                                                                               Warta Ekonomi                                                                                                          TopBusiness
July 6, 2023                                                                                  August 30, 2023                                                                                                                               27 September 2023                                                                                                      19 Oktober 2023
Kategori / Category:                                                                          Kategori / Category:                                                                                                                          September 27, 2023                                                                                                     Ocotober 19, 2023
Life Insurance                                                                                Life Insurance                                                                                                                                Kategori / Category:
                                                                                                                                                                                                                                            Life Insurance with Asset 10 – 25 T




               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                                                                                                                                    PT MSIG Life Insurance Indonesia Tbk
100            Laporan Tahunan 2023                                                                                                                                                                                                                                                                                                                                                                      2023 Annual Report                                                      101
Page 53
          Profil                                                                                                                                                                                                                                                                                                                                                              Company
          Perusahaan                                                                                                                                                                                                                                                                                                                                                            Profile




                                                                                                                                                                                                                                                              Sertifikasi
                                                                                                                                                                                                                                                              Certification



                                        PENGHARGAAN
                                        SERTIFIKAT PENGHARGA AN DIBERIKAN KE PADA




                                                      WIANTO CHEN
                                                            DIREKTUR UTAMA
                           PT ASURANSI JIWA SINARMAS MSIG TBK

                         THE MOST COMMITTED TOP LEADER
                              ON HUMAN CAPITAL 2023
                                                           JAKARTA , 19 O KTOBER 20 23




                              KETUA D EWAN JURI                                                KETUA PEN YELEN GGARA




                         D R. B UD I WI DJAYA SOETJI PTO                                   M. LUTFI H AN DAYANI, M M ., M B A .




           The Most Committeed Top Leader on                                                                                                 Best Life Insurance on Financial Performance &                                                                             Greenship Sertifikat / Greenship Certificate                     Sertifikat Indoarsip
           Human Capital 2023                                                                                                                Customer Experience                                                                                                        Greenship Ruang Interior / IS (Interior Space) V.1.0             Indoarsip Certificate


Top Human Capital Awards                                                                                                            CNBC Award 2023                                                                                                           Peringkat GOLD / GOLD Predicate                                  Penyelenggara / Organizer
TopBusiness                                                                                                                         CNBC Indonesia                                                                                                                                                                             PT Indoarsip Kertaskarya Buanasentosa
                                                                                                                                                                                                                                                              Penyelenggara / Organizer
19 Oktober 2023                                                                                                                     20 November 2023                                                                                                          Green Building Council Indonesia                                 Periode / Period
October 19, 2023                                                                                                                    November 20, 2023                                                                                                                                                                          1 Januari 2023 – 31 Desember 2023
                                                                                                                                                                                                                                                              Periode / Period                                                 January 1, 2023 - December 31, 2023
                                                                                                                                                                                                                                                              7 Januari 2024 – 6 Februari 2027
                                                                                                                                                                                                                                                              January 7, 2024 - February 6, 2027


                                                                                                                                                                                     PROUDLY PRESENT
                                                                                                                                                                     CERTIFICATE OF WINNER ON TOP DIGITAL AWARDS 2023




                                                              Warta Ekonomi proudly honors:
                                                    PT MSIG Life Insurance Indonesia Tbk

                                                                                                                                                                                       THIS CERTIFICATE AWARDED TO:

                                                                                                                                                                                           ANDREW BAIN
                                                                                                                                                              DIREKTUR & CHIEF OPERATING & IT OFFICER
                                                                             as
                                Best Digital Finance for Convenience of Accessing Policy Information and
                                                          Financial Transactions                                                                               PT MSIG LIFE INSURANCE INDONESIA TBK
                                                                          Category                                                                                                    WINNER OF AWARD IN CATEGORY
                                                     Life Insurance, Total Assets 10T - 25T
                                                                                                                                                                                  TOP LEADER




                                                                                                                                                                                                                                                              Informasi pada Situs Web Perusahaan
                                                            Wednesday, November 29th 2023
                                                                                                                                                                        ON DIGITAL IMPLEMENTATION 2023
                                                            Aryaduta Menteng Hotel, Jakarta
                                                                                                                                                                                        JAKARTA, DECEMBER 4TH 2023



                                                                      Muhamad Ihsan
                                                                      CEO & Chief Editor


                                                                                                                                                                 M. LUTFI HANDAYANI, MM., MBA.         PROF. DR. RER. NAT. ACHMAD BENNY MUTIARA, SSI, S.KOM
                                                                                                                                                                         CHIEF OF ORGANIZER                             CHAIRMAN OF THE JURY
                                                                                                                                                                EDITOR IN CHIEF OF IT WORKS MAGAZINE                      CHIEF OF APTIKOM




                                                                                                                                                                                                                                                              Information on the Company’s Website

           For Convenience of Accessing Policy                                                                                               Top Leader on Digital Implementation
           Information and Financial Transaction                                                                                             for Andrew Bain


                                                                                                                                                                                                                                                              Sesuai dengan Peraturan Otoritas Jasa Keuangan                   Pursuant to OJK Regulation No. 8/POJK.04/2015 on Website
Indonesia Best Digital Finance Awards 2023                                                                                          TOP Digital Awards 2023
                                                                                                                                                                                                                                                              No. 8/POJK.04/2015 tentang Situs Web Emiten atau                 of Issuers or Public Companies, the Company already has an
Warta Ekonomi                                                                                                                       ItWorks & TOP Business
                                                                                                                                                                                                                                                              Perusahaan Publik, Perseroan telah memiliki situs web yang       official website at www.msiglife.co.id as a form of transparency
29 November 2023                                                                                                                    4 Desember 2023
November 29, 2023                                                                                                                   December 4, 2023                                                                                                          beralamatkan www.msiglife.co.id sebagai bentuk transparansi      in information about the Company. The website is completed
Kategori / Category:                                                                                                                                                                                                                                          informasi seputar perusahaan. Situs tersebut telah dilengkapi    with Frequently Asked Questions (FAQ) facilities available in 2
Life Insurance Total Assets 10-25 T                                                                                                                                                                                                                           dengan fasilitas Panduan Tanya Jawab yang tersedia dalam 2       languages, namely Indonesian and English.
                                                                                                                                                                                                                                                              bahasa, yaitu Bahasa Indonesia dan Bahasa Inggris.




                                                    PROUDLY PRESENT
                                    CERTIFICATE OF WINNER ON TOP DIGITAL AWARDS 2023
                                                                                                                                             Top Digital Implementation 2023 #STAR 5



                                                                                                                                    TOP Digital Awards 2023
                                                      THIS CERTIFICATE AWARDED TO:

                           PT MSIG LIFE INSURANCE INDONESIA TBK
                                                                                                                                    ItWorks & TOP Business
                                                     WINNER OF AWARD IN CATEGORY

                                TOP DIGITAL IMPLEMENTATION 2023
                                             # STAR 5                                                                               4 Desember 2023
                                                       JAKARTA, DECEMBER 4TH 2023
                                                                                                                                    December 4, 2023

                                M. LUTFI HANDAYANI, MM., MBA.                PROF. DR. RER. NAT. ACHMAD BENNY MUTIARA, SSI, S.KOM
                                        CHIEF OF ORGANIZER                                       CHAIRMAN OF THE JURY
                               EDITOR IN CHIEF OF IT WORKS MAGAZINE                                CHIEF OF APTIKOM




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                                                                                                 PT MSIG Life Insurance Indonesia Tbk
102         Laporan Tahunan 2023                                                                                                                                                                                                                                                                                                                                   2023 Annual Report     103
Page 54
                                              Analisis dan
                                              Pembahasan
                                               Manajemen
                                             Management Discussion
                                                      and Analysis




                                                                 04
      PT MSIG Life Insurance Indonesia Tbk          PT MSIG Life Insurance Indonesia Tbk
104   Laporan Tahunan 2023                                            2023 Annual Report   105
Page 55
            Analisis dan                                                                                                                                                                                                                                                         Management Discussion
            Pembahasan Manajemen                                                                                                                                                                                                                                                          and Analysis




Tinjauan Ekonomi                                                                                                                                                        Tinjauan Industri
Economic Overview                                                                                                                                                       Industrial Overview



Hingga akhir tahun 2023, perekonomian global masih diliputi                         Until the end of 2023, the global economy remained clouded                          Kondisi dunia tahun 2023 yang menantang akibat isu                  The challenging global conditions of 2023, due to issues such
ketidakpastian yang dipengaruhi oleh berbagai faktor. Amerika                       by uncertainty influenced by various factors. For instance, the                     perubahan iklim, peperangan, krisis ekonomi, hingga ancaman         as climate change, warfare, economic crises, and health threats,
Serikat, misalnya, menghadapi inflasi tinggi, suku bunga yang                       United States faced high inflation, rising interest rates, and                      kesehatan mendorong tingkat kesadaran masyarakat bahwa              have raised public awareness that life today is not devoid of
naik, dan tekanan fiskal, sementara Republik Rakyat Tiongkok                        fiscal pressures, while the People’s Republic of China (PRC)                        kehidupan saat ini tidak lepas dari risiko. Anggapan tersebut       risks. This perception was supported by reports of an increased
(RRT) masih dalam masa pemulihan dari dampak ekonomi                                was still recovering from the economic impacts of Covid-19. In                      didukung oleh laporan jumlah tertanggung yang meningkat             number of insured individuals by 16.5% compared to 2022,
Covid-19. Di Eropa, ekonomi melemah dengan defisit fiskal                           Europe, the economy weakened with increasing fiscal deficits.                       16,5% dibandingkan tahun 2022, dengan total pencapaian              with a total achievement of 94.18 million people. In addition,
yang meningkat. Kondisi geopolitik di Ukraina dan Timur                             Geopolitical conditions in Ukraine and the Middle East also                         sebesar 94,18 juta orang. Tak hanya itu, peningkatan kesadaran      the increase in public awareness is also evident from reports
Tengah juga menimbulkan risiko terhadap pertumbuhan                                 posed risks to global economic growth, potentially triggering                       masyarakat juga terlihat dari laporan yang menyatakan bahwa         indicating that the number of health insurance claims exceeded
ekonomi global, yang berpotensi memicu volatilitas di sektor                        volatility in the financial sector and trade protectionism among                    jumlah klaim asuransi kesehatan lebih tinggi dibanding klaim        death claims for the first time, with a total spike of 32.9%
keuangan dan proteksionime perdagangan antar negara.                                countries. The International Monetary Fund (IMF) estimated                          meninggal dunia untuk pertama kalinya, dengan total lonjakan        compared to the previous year.
International Monetary Fund (IMF) memperkirakan inflasi                             global inflation to reach 6.5%, while the World Bank reported                       sebesar 32,9% dibandingkan tahun sebelumnya.
global mencapai 6,5%, sementara Bank Dunia melaporkan                               global economic growth in 2023 at only 2.9%, lower than the
pertumbuhan ekonomi global tahun 2023 hanya sebesar 2,9%,                           previous year.                                                                      Kinerja Industri Asuransi
lebih rendah dari tahun sebelumnya.                                                                                                                                     Insurance Industry Performance
                                                                                                                                                                                                                                                              (disajikan dalam miliar Rupiah / expressed in billion Rupiah)
Di tengah ketidakpastian ini, Indonesia tetap menunjukkan                           Amid this uncertainty, Indonesia continued to show solid
                                                                                                                                                                                      Indikator Utama                      2023                    2022                              Main Indicator
pertumbuhan ekonomi yang solid di antara negara-negara                              economic growth among ASEAN and G20 countries, reaching
ASEAN dan G20, mencapai 5,05%. Dukungan ini berasal dari                            5.05%. This support stemmed from strong domestic demand,                             Total Investasi                                 1.533.299                762.716                                            Total Investment
permintaan domestik yang kuat, investasi yang meningkat,                            increasing investments, and a positive trade balance.                                Total Aset                                      1.843.022               1.092.994                                                Total Assets
dan neraca perdagangan yang positif. Indonesia juga mencatat                        Indonesia also recorded an improvement in its economic                               Total Liabilitas                                  822.921               1.533.408                                             Total Liabilities
peningkatan daya saing ekonomi di kancah internasional.                             competitiveness on the international stage. According to                             Total Ekuitas                                      12.521                259.304                                                  Total Equity
Menurut hasil laporan Institute for Management Development                          the Institute for Management Development (IMD) report,                               Premi                                             551.446                532.851                                                     Premium
(IMD), Indonesia berhasil naik dari peringkat 44 menjadi 34 di                      Indonesia successfully climbed from rank 44 to 34 in 2023. In                        Klaim                                             437.390                392.780                                                         Claim
tahun 2023. Adapun dari sisi pendapatan Produk Domestik                             terms of Gross Domestic Product (GDP) income, the national
Bruto (PDB) nasional pada triwulan IV-2023 mencapai                                 income in the fourth quarter of 2023 reached Rp20,892.4
Rp20.892,4 triliun, dengan investasi tumbuh 17,5% secara                            trillion, with investment growing by 17.5% annually.                                Berdasarkan laporan Otoritas Jasa Keuangan, total aset industri     Based on the Financial Services Authority report, the total
tahunan.                                                                                                                                                                asuransi Indonesia tahun 2023 mencapai Rp1.843,02 triliun.          assets of the Indonesian insurance industry in 2023 reached
                                                                                                                                                                        Jumlah ini mengalami peningkatan signifikan mencapai 68,62%         Rp1,843.02 trillion. This figure experienced a significant
Sumber:                                                                             Sources:
• Sekretaris Kabiner RI: Dinamika Pertumbuhan Ekonomi Indonesia 2023 dan            • Cabinet Secretariat of the Republic of Indonesia: Dynamics of Indonesia’s         dibandingkan tahun sebelumnya sebesar Rp1.092,99 triliun.           increase of 68.62% compared to the previous year of
  Proyeksi Tantangan 2024;                                                            Economic Growth in 2023 and Projections of Challenges in 2024;                    Sementara liabilitas menurun sebesar 46,33% menjadi sebesar         Rp1,092.99 trillion. Meanwhile, liabilities decreased by 46.33%
• Kemenkeu RI: Kondisi Perekonomian Global Masih Diliputi Ketidakpastian hinga      • Ministry of Finance of the Republic of Indonesia: Global Economic Conditions
  Akhir Tahun 2023;                                                                   Remain Uncertain Until the End of 2023;                                           Rp822,92 triliun dari Rp1.533,41 triliun di tahun 2022. Di sisi     to Rp822.92 trillion from Rp1,533.41 trillion in 2022. On the
• Bank Indonesia: Pertumbuhan Ekonomi Indonesia Tetap Kuat pada Triwulan III        • Bank Indonesia: Indonesia’s Economic Growth Remains Strong in the Third
  2023;                                                                               Quarter of 2023;                                                                  lain, hasil investasi industri asuransi tahun 2023 juga meningkat   other hand, investment returns of the insurance industry in
• Kemenko RI: Diikuti dengan Peningkatan Peringkat Daya Saing Tertinggi di          • Coordinating Ministry for Economic Affairs of the Republic of Indonesia:          dua kali lipat dibandingkan tahun sebelumnnya, yaitu sebesar        2023 also doubled compared to the previous year, namely
  Dunis, Perekonomian Indonesia Tumbuh Kuat;                                          Followed by an Increase in the Highest Competitiveness Ranking in the World,
                                                                                      Indonesia’s Economy Grows Strong;                                                 101,03%, dari Rp762,72 triliun menjadi Rp1.533,30 triliun.          101.03%, from Rp762.72 trillion to Rp1,533.30 trillion.
•   Badan Pusat Statistik: Ekonomi Indonesia Triwulan IV-2023 Tumbuh 5,04% (yoy);   • Statistics Indonesia: Indonesia’s Economy in the Fourth Quarter of 2023 Grew by
                                                                                      5.04% (yoy);
•   Kemenpan RI: Realisasi Investasi 2023 Capai Rp1.418,9 Triliun.                  • Ministry of State Apparatus Empowerment and Bureaucratic Reform of the            Kinerja Industri Asuransi Jiwa 2023                                 Life Insurance Industry Performance in 2023
                                                                                      Republic of Indonesia: Realization of Investment in 2023 Reached Rp1,418.9
                                                                                      Trillion.                                                                         Sepanjang tahun 2023, pendapatan industri asuransi jiwa             Throughout 2023, the overall revenue of the life insurance
                                                                                                                                                                        secara keseluruhan menurun 2% dibanding tahun 2022,                 industry decreased by 2% compared to 2022, totaling Rp219.70
                                                                                                                                                                        dengan jumlah mencapai Rp219,70 triliun. Hal ini disebabkan         trillion. This was due to a decrease in premiums from unit-
                                                                                                                                                                        oleh penurunan premi dari produk asuransi jiwa unit link.           link life insurance products. Nevertheless, the life insurance
                                                                                                                                                                        Meski demikian, industri asuransi jiwa tetap resilien dengan        industry remained resilient, with a 1.1% growth in total
                                                                                                                                                                        total pendapatan premi yang bertumbuh 1,1% dari tahun               premium income from the previous year, reaching Rp177.66
                                                                                                                                                                        sebelumnya mencapai Rp177,66 triliun. Adapun total                  trillion. The total premium income of life insurance based on
                                                                                                                                                                        pendapatan premi asuransi jiwa berdasarkan jenis produk             product types marketed was dominated by traditional life
                                                                                                                                                                        yang dipasarkan didominasi oleh produk asuransi jiwa                insurance products, contributing 52% to the total revenue.
                                                                                                                                                                        tradisional yang berkontribusi sebesar 52% terhadap total           Moreover, the total assets of the life insurance industry also
                                                                                                                                                                        pendapatan. Tak hanya itu, total aset industri asuransi jiwa        grew by 0.7% as a result of the improved national investment
                                                                                                                                                                        juga mengalami pertumbuhan sebesar 0,7% sebagai dampak              climate.
                                                                                                                                                                        dari iklim investasi nasional yang membaik.




               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                          PT MSIG Life Insurance Indonesia Tbk
106            Laporan Tahunan 2023                                                                                                                                                                                                                                            2023 Annual Report                  107
Page 56
            Analisis dan                                                                                                                                                                                                                                                                                         Management Discussion
            Pembahasan Manajemen                                                                                                                                                                                                                                                                                          and Analysis




Industri asuransi jiwa di tahun 2023 juga mencatatkan                                      The life insurance industry in 2023 also achieved positive                                 Jenis asuransi jiwa yang menawarkan proteksi risiko                             5. Personal Accident Insurance
pencapaian positif dengan jumlah tertanggung mencapai 84,84                                results, with the number of insured individuals reaching 84.84                             finansial akibat kecelakaan, termasuk proses rehabilitasi                          A type of life insurance program that offers financial
juta orang atau meningkat 0,5%. Total uang pertanggungan                                   million people, an increase of 0.5%. The total sum assured also                            hingga kasus meninggal dunia.                                                      risk protection due to accidents, including rehabilitation
juga meningkat 9,4% menjadi Rp5.343,43 triliun. Data tersebut                              increased by 9.4% to Rp5,343.43 trillion. These data illustrate                         6. Asuransi Unit Link                                                                 processes up to cases of death.
menggambarkan bahwa setiap individu yang mempunyai                                         that each individual with life insurance, on average, has a                                Jenis asuransi jiwa yang menawarkan fleksibilitas dengan                        6. Unit Link Insurance
asuransi jiwa rata-rata memiliki uang pertanggungan sebesar                                sum assured of Rp63 million. The main driving factors were                                 dual manfaat berupa proteksi sekaligus investasi, yang                             A type of life insurance program that offers flexibility with
Rp63 juta. Faktor utama pendorongnya adalah inflasi                                        high medical inflation, including healthcare facility prices,                              disesuaikan dengan profil risiko masing-masing nasabah.                            dual benefits of protection and investment, tailored to the
medis yang tinggi, meliputi harga fasilitas kesehatan, biaya                               hospitalization costs including service fees, medication, and                                                                                                                 risk profile of each customer.
perawatan rumah sakit termasuk biaya pelayanan, obat,                                      various other health tests. Other factors included extreme                              Tinjauan Operasional per Segmen Operasi
dan berbagai tes kesehatan lainnya. Adapun faktor lainnya                                  climate change and increasing public awareness to obtain                                Operational Overview by Operating Segment
adalah perubahan iklim ekstrem dan meningkatnya kesadaran                                  optimal healthcare services. Ultimately, the insurance industry                                                                               (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
masyarakat untuk mendapatkan layanan kesehatan yang                                        was able to contribute to realizing a robust and sustainable
                                                                                                                                                                                                                                                                                         Peningkatan (Penurunan)
optimal. Pada akhirnya, industri asuransi mampu berkontribusi                              economy.                                                                                                                             Kontirbusi                            Kontirbusi
                                                                                                                                                                                                                                                                                           Increase (Decrease)
                                                                                                                                                                                            Uraian                 2023        Contribution            2022          Contribution                                                  Description
dalam mewujudkan perekonomian yang tangguh dan tumbuh                                                                                                                                                                              (%)                                   (%)
                                                                                                                                                                                                                                                                                              Rp                %
secara berkelanjutan.
                                                                                                                                                                                    Asuransi Jangka Warsa          316.739          11,73              249.757              9,57             66.982            26,82                   Term Insurance
Sumber:                                                                                    Sources:
• Asosiasi Asuransi Jiwa Indonesia: Artikel AAJI - Kesadaran Masyarakat Akan               • Indonesian Life Insurance Association: AAJI Article - Increased Public Awareness of    Asuransi Jiwa Dwiguna          290.185          10,75              203.350              7,79             86.835            42,70                       Endowment
  Asuransi Meningkat di Tahun 2023;                                                          Insurance in 2023;
• Otoritas Jasa Keuangan: Statistik Asuransi – Desember 2023;                              • Financial Services Authority: Insurance Statistics - December 2023;
                                                                                                                                                                                    Asuransi Jiwa Seumur
                                                                                                                                                                                                                   306.264          11,34               84.637              3,24            221.627           261,86            Whole Life Insurance
• Final Siaran Pers Kinerja Industri Asuransi Jiwa FY 2023: Siaran Pers - Klaim Asuransi   • Final Press Release of Life Insurance Industry Performance FY 2023: Press Release      Hidup
  Kesehatan Terus Meningkat, Industri Asuransi Jiwa Perkuat Konsolidasi dengan               - Health Insurance Claims Continue to Increase, Life Insurance Industry Strengthens
                                                                                                                                                                                    Asuransi Kesehatan             553.866          20,51              320.236             12,27            233.630            72,96                 Health Insurance
  Regulator.                                                                                 Consolidation with Regulator.
                                                                                                                                                                                                                                                                                                                                    Personal Accident
                                                                                                                                                                                    Asuransi Kecelakaan Diri           775             0,03               1.842             0,07             (1.067)         (57,93)
                                                                                                                                                                                                                                                                                                                                           Insurance
                                                                                                                                                                                    Asuransi Unit Link            1.232.252         45,64            1.750.857             67,07          (518.605)          (29,62)              Unit Link Insurance
                                                                                                                                                                                    Total Pendapatan Premi
                                                                                                                                                                                                                  2.700.081       100,00             2.610.679           100,00              89.402              3,42           Total Gross Premium
                                                                                                                                                                                    Bruto



                                                                                                                                                                                   Pada tahun 2023, pendapatan premi bruto Perseroan tercatat                         In 2023, the Company’s gross premium income was recorded at

Tinjauan Operasional
                                                                                                                                                                                   sebesar Rp2,70 triliun, meningkat 3,42% dibandingkan tahun                         Rp2.70 trillion, an increase of 3.42% compared to the previous
                                                                                                                                                                                   sebelumnya sebesar Rp2,61 triliun. Peningkatan ini utamanya                        year of Rp2.61 trillion. This increase was mainly driven by

Operational Overview                                                                                                                                                               didorong oleh asuransi jiwa seumur hidup sebesar 261,86%.                          whole life insurance by 261.86%.


                                                                                                                                                                                   Profitabilitas
                                                                                                                                                                                   Profitability
                                                                                                                                                                                                                                                                                                                      (disajikan dalam % / expressed in %)
Perseroan menjalankan usaha di bidang perasuransian                                        The Company runs its business in the life insurance sector by
jiwa dengan mengelompokkan segmen operasi ke dalam 6                                       classifying the operating segments into 6 categories, which                                                   Uraian                                  2023                       2022                                    Description
kategori, yaitu:                                                                           are:                                                                                     Rasio Laba Tahun Berjalan terhadap Total Aset                  0,83                       2,31                   Ratio of Income for the Year to Total Assets
1. Asuransi Jangka Warsa                                                                   1. Term Insurance
                                                                                                                                                                                    Rasio Laba Tahun Berjalan terhadap Total Ekuitas               1,67                       4,82                     Ratio of Income for the Year to Total Equity
    Jenis asuransi jiwa yang dirancang untuk memberikan                                         A life insurance program that provides guarantees or
                                                                                                                                                                                    Rasio Laba Tahun Berjalan terhadap Pendapatan                  3,62                     10,44                         Ratio of Income for the Year to Revenue
    proteksi risiko finansial akibat kematian selama masa                                       protection against financial risks due to death during the
    pertanggungan tertentu, dengan tarif premi yang                                             insured period. This insurance is the most popular type because
    terjangkau.                                                                                 the premium rates are affordable and easy to understand.                           Pada tahun 2023, secara umum rasio profitabilitas                                  In 2023, overall profitability ratios showed a declining trend
2. Asuransi Jiwa Dwiguna                                                                   2. Endowment                                                                            menunjukkan tren penurunan dibandingkan dengan tahun                               compared to the previous year. This was also consistent with
    Jenis asuransi jiwa yang memberikan manfaat proteksi                                        An insurance program that provides cash value protection                           sebelumnya. Hal ini juga sejalan dengan menurunnya laba                            the decrease in profit for the year of 2023.
    sekaligus nilai tunai, yang ditawarkan dalam bentuk                                         and benefits. This insurance consists of education, death,                         tahun berjalan di tahun 2023.
    asuransi pendidikan, kematian, hingga produk save series.                                   and save series insurance products.
3. Asuransi Jiwa Seumur Hidup                                                              3. Whole Life Insurance
    Jenis asuransi jiwa yang memberikan manfaat                                                 A life insurance program that provides lifetime protection
    perlindungan seumur hidup dengan nilai tunai pada akhir                                     with a cash value at the end of the insurance contract
    kontrak asuransi.                                                                           period.
4. Asuransi Kesehatan                                                                      4. Health Insurance
    Jenis asuransi jiwa yang menawarkan produk SMiLe                                            A life insurance program that provides SMiLe Medicare
    Medicare Series berupa perlindungan finansial kesehatan,                                    Series insurance products in the form of financial
    termasuk 31 jenis penyakit kritis yang telah ditetapkan.                                    protection when undergoing outpatient, inpatient,
5. Asuransi Kecelakaan Diri,                                                                    maternity care, or suffering from one of 31 critical
                                                                                                illnesses.




               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                                          PT MSIG Life Insurance Indonesia Tbk
108            Laporan Tahunan 2023                                                                                                                                                                                                                                                                            2023 Annual Report                  109
Page 57
         Analisis dan                                                                                                                                                                                                                                                                        Management Discussion
         Pembahasan Manajemen                                                                                                                                                                                                                                                                         and Analysis




Tinjauan Keuangan                                                                                                                                                        Liabilitas
                                                                                                                                                                         Liabilities
Financial Overview                                                                                                                                                                                                   (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)


                                                                                                                                                                                                                                                  Peningkatan (Penurunan)
                                                                                                                                                                                                                                                    Increase (Decrease)
                                                                                                                                                                                             Uraian              2023              2022                                                               Description
                                                                                                                                                                                                                                                       Rp                %

                                                                                                                                                                          Liabilitas Keuangan                                                                                                                Financial Liabilities
Laporan Posisi Keuangan
                                                                                                                                                                          Utang Reasuransi                         51.227            17.562            33.665            191,69                                  Due to Reinsurer
Statement of Financial Position
                                                                                                                                                                          Utang Koasuransi                               -           29.043          (29.043)          (100,00)                                Due to Coninsurer
                                                                                                                                                                          Utang Komisi                             76.227            74.378             1.849               2,49                           Commissions Payable
Aset
                                                                                                                                                                          Beban Akrual                             93.919            91.600             2.319               2,53                               Accrued Expenses
Assets
                                                    (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)    Liabilitas Sewa                          14.696              9.050            5.646             62,39                                   Lease Liabilities
                                                                                                                                                                          Utang Lain-Lain                         299.805           229.676            70.129             30,53                                   Other Liabilities
                                                                                 Peningkatan (Penurunan)
                                                                                                                                                                          Utang Klaim                              53.140            75.304          (22.164)           (29,43)                                    Claims Payable
                                                                                   Increase (Decrease)
                  Uraian                     2023                 2022                                                               Description
                                                                                                                                                                          Total Liabilitas Keuangan               589.014           526.613            62.401             11,85                       Total Financial Liabilities
                                                                                      Rp                %                                                                 Liabilitas Non-Keuangan                                                                                                      Non-Financial Liabilities

 Aset Keuangan                                                                                                                                  Financial Assets          Liabilitas Imbalan Kerja Karyawan        18.301            34.456          (16.155)           (46,89)                       Employee Benefit Liability

 Kas dan Bank                                 780.815            1.363.572         (582.757)           (42,74)                      Cash on Hand and in Banks             Utang Pajak                               8.678              6.728            1.950             28,98                                     Taxes Payable

 Piutang Premi                                 48.592               53.968            (5.376)            (9,96)                           Premium Receivables             Liabilitas Pajak Tangguhan               36.765            31.065             5.700             18,35                          Deferred Tax Liabilities

 Piutang Koasuransi                                     -           32.808          (32.808)          (100,00)                         Coinsurance Receivables            Ujrah Diterima di Muka                   57.642            61.076            (3.434)            (5,62)                                  Unearned Ujrah

 Piutang Investasi                            157.775              173.175          (15.400)             (8,89)                         Investment Receivables            Liabilitas kepada Pemegang Polis       6.511.190        6.909.887         (398.697)             (5,77)                      Liabilities to Policyholders

                                                                                                                           Reinsurance Assets - Rein-surance              Total Liabilitas Non-Keuangan          6.632.576        7.043.212        (410.636)              (5,83)               Total Non-Financial Liabili-ties
 Aset Reasuransi – Piutang Reasuransi          26.093               17.991             8.102             45,03
                                                                                                                                                 Receivables              Total Liabilitas                       7.221.590        7.569.825        (348.235)              (4,60)                                  Total Liabilities
 Piutang Lain-Lain                             22.416               14.520             7.896             54,38                                Other Receivables
 Investasi                                 13.202.709          13.143.571             59.138               0,45                                      Investments
 Pinjaman Polis                                 2.452                 2.262                190             8,40                                      Policy Loans        Total Liabilitas                                                         Total Liabilities
 Aset Lain-Lain – Jaminan                       3.818                 3.614                204             5,64                        Other Assets – Deposits           Pada tahun 2023, total liabilitas Perseroan tercatat sebesar             In 2023, the Company’s total liabilities amounted to Rp7.22
 Total Aset Keuangan                       14.244.670          14.805.481          (560.811)             (3,79)                           Total Financial Assets         Rp7,22 triliun, menurun 4,60% dibandingkan tahun 2022 yang               trillion, a decrease of 4.60% compared to Rp7.57 trillion in
 Aset Non-Keuangan                                                                                                                        Non-Financial Assets           mencapai Rp7,57 triliun. Penurunan ini disebabkan oleh nilai             2022. This decrease was due to the total value of non-financial
 Aset Reasuransi Non-Piutang                   33.652               16.276            17.376            106,76         Reinsurance Assets Non – Receivables              total liabilitas non-keuangan yang menurun sebesar 5,83%.                liabilities, which decreased by 5.83%.
 Aset Lain-Lain                               362.140              425.159          (63.019)           (14,82)                                      Other Assets
 Biaya Dibayar di Muka                        141.677              101.610            40.067             39,43                                 Prepaid Expenses          Total Liabilitas Keuangan                                                Total Financial Liabilities
 Aset Tetap – Neto                            155.457              175.816          (20.359)           (11,58)                                 Fixed Assets - Net
                                                                                                                                                                         Per 31 Desember 2023, total liabilitas keuangan Perseroan                As of December 31, 2023, the Company’s total financial
 Aset Hak Guna – Neto                          16.360               12.100             4.260             35,21                        Right-of-Use Assets - Net
                                                                                                                                                                         tercatat sebesar Rp589,01 miliar, meningkat 11,85%                       liabilities amounted to Rp589.01 billion, an increase of 11.85%
                                                                                                                                                                         dibandingkan Rp526,61 miliar pada tahun 2022. Peningkatan                compared to Rp526.61 billion in 2022. This increase was mainly
 Total Aset Non-Keuangan                      709.286              730.961          (21.675)             (2,97)                    Total Non-Financial Assets
                                                                                                                                                                         ini terutama disebabkan oleh utang lain-lain sebesar 30,53%.             due to other debts increasing by 30.53%.
 Total Aset                                14.953.956          15.536.442          (582.486)             (3,75)                                     Total Assets

                                                                                                                                                                         Total Liabilitas Non-Keuangan                                            Total Non-Financial Liabilities
Total Aset                                                                       Total Assets                                                                            Pada tahun 2023, total liabilitas non-keuangan Perseroan                 In 2023, the Company’s total non-financial liabilities amounted
Per 31 Desember 2023, total aset Perseroan tercatat sebesar                      As of December 31, 2023, the Company’s total assets amounted                            tercatat sebesar Rp6,63 triliun, menurun 5,83% dibandingkan              to Rp6.63 trillion, a decrease of 5.83% compared to Rp7.04
Rp14,95 triliun. Jumlah tersebut menurun 3,75% dibandingkan                      to Rp14.95 trillion. This figure decreased by 3.75% compared                            Rp7,04 triliun pada satu tahun sebelumnya. Penurunan ini                 trillion in the previous year. This decrease was mainly due to
tahun sebelumnya yang tercatat sebesar Rp15,54 triliun. Hal                      to the previous year, which was recorded at Rp15.54 trillion.                           utamanya disebabkan oleh nilai liabilitas kepada pemegang                the value of liabilities to policyholders, which decreased by
ini disebabkan oleh penurunan aset keuangan dan aset non-                        This was due to decreases in financial and non-financial assets                         polis sebesar 5,77%.                                                     5.77%.
keuangan masing-masing sebesar 3,79% dan 2,97%.                                  by 3.79% and 2.97%, respectively.
                                                                                                                                                                         Dana Peserta
Total Aset Keuangan                                                              Total Financial Assets                                                                  Participants’ Fund
Pada tahun 2023, total aset keuangan Perseroan tercatat                          In 2023, the Company’s total financial assets amounted to                                                                           (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
sebesar Rp14,24 triliun, menurun 3,79% dibandingkan Rp14,80                      Rp14.24 trillion, a decrease of 3.79% compared to Rp14.80
                                                                                                                                                                                                                                                  Peningkatan (Penurunan)
triliun pada tahun 2022. Penurunan ini terutama disebabkan                       trillion in 2022. This was mainly due to a decrease of 42.74% in                                                                                                   Increase (Decrease)
                                                                                                                                                                                             Uraian              2023              2022                                                               Description
oleh kas dan bank yang menurun sebesar 42,74%.                                   cash and bank balances.
                                                                                                                                                                                                                                                       Rp                %

Total Aset Non-Keuangan                                                          Total Non-Financial Assets                                                               Dana Tabarru                             10.827            14.880            (4.053)          (27,24)                                      Tabarru Fund
Pada tahun 2023, total aset non-keuangan Perseroan tercatat                      In 2023, the Company’s total non-financial assets amounted to                            Dana Investasi Peserta                                                                                                 Participant’s Investment Fund
sebesar Rp709,29 miliar, menurun 2,97% dibandingkan                              Rp709.29 billion, a decrease of 2.97% compared to Rp730.96                                 Akad Wakalah                          205.345           246.074          (40.729)           (16,55)                                  Akad Wakalah
Rp730,96 miliar pada tahun 2022. Penurunan ini khususnya                         billion in 2022. This decrease was mainly due to the value of                              Akad Mudharabah                        24.659            21.093             3.566             16,91                             Akad Mudharabah
disebabkan oleh nilai aset lain-lain sebesar 14,82%.                             other assets of 14.82%.                                                                  Total Dana Peserta                      240.831           282.047          (41.216)           (14,61)                        Total Participants’ Fund




             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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         Pembahasan Manajemen                                                                                                                                                                                                                                                                             and Analysis




Total Dana Peserta                                                                 Total Participants’ Funds                                                               Total Pendapatan                                                           Total Income
Pada tahun 2023, total dana peserta hasil kinerja asuransi                         In 2023, total participants’ funds resulting from the Company’s                         Pada tahun 2023, total pendapatan Perseroan tercatat sebesar               In 2023, the Company’s total income was recorded at Rp3.50
syariah Perseroan tercatat sebesar Rp240,83 miliar, lebih                          sharia insurance performance were recorded at Rp240.83                                  Rp3,50 triliun, menurun 0,72% dibandingkan tahun 2022                      trillion, a decrease of 0.72% compared to 2022, which was
rendah 14,61% dibandingkan tahun sebelumnya yang                                   billion, 14.61% lower than the previous year, reaching                                  yang tercatat sebesar Rp3,52 triliun. Penurunan pendapatan                 recorded at Rp3.52 trillion. This decrease in income was
mencapai Rp282,05 miliar. Penurunan ini khususnya                                  Rp282.05 billion. This decrease was mainly caused by the                                ini didominasi oleh penurunan pendapatan lain-lain sebesar                 dominated by a decrease in other income of 67.73%.
disebabkan oleh dana investasi peserta akad wakalah yang                           investment funds of wakalah contract participants, which                                67,73%.
menurun sebesar 16,55%.                                                            decreased by 16.55%.
                                                                                                                                                                           Total Beban                                                                Total Expenses
Ekuitas                                                                                                                                                                    Per 31 Desember 2023, total beban Perseroan tercatat                       As of December 31, 2023, the Company’s total expenses were
Equity                                                                                                                                                                     sebesar Rp3,30 triliun, tumbuh 6,61% dibandingkan tahun                    recorded at Rp3.30 trillion, an increase of 6.61% compared to
                                                      (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)   2022 yang tercatat sebesar Rp3,09 triliun. Peningkatan beban               2022, when it was recorded at Rp3.09 trillion. This increase in
                                                                                                                                                                           ini dikarenakan meningkatnya beban akuisisi sebesar 57,59%.                expenses was due to an increase in acquisition expenses of
                                                                                   Peningkatan (Penurunan)
                                                                                     Increase (Decrease)                                                                                                                                              57.59%.
                    Uraian                     2023                 2022                                                               Description
                                                                                        Rp                %
                                                                                                                                                                           Laba Tahun Berjalan                                                        Income for the Year
 Modal Saham                                    210.000              210.000                   -                 -                                    Share Capital        Pada tahun 2023, laba tahun berjalan Perseroan tercatat                    In 2023, the Company’s income for the year was recorded at
 Tambahan Modal Disetor                       6.842.500            6.842.500                   -                 -                      Additional Paid-in Capital         sebesar Rp126,49 miliar, menurun 65,61% dibandingkan tahun                 Rp126.49 billion, a decrease of 65.61% compared to 2022,
 Keuntungan yang Belum Direalisasi atas                                                                                                                                    2022 yang tercatat sebesar Rp367,77 miliar. Hal ini sejalan                which was recorded at Rp367.77 billion. This is in line with the
                                                                                                                           Unrealized Gain on Changes in Fair
 Perubahan Nilai Wajar Efek yang Diukur                                                                                                                                    dengan menurunnya laba sebelum beban pajak final dan pajak                 decline in income before final tax and income tax expense by
                                                191.502              136.491            55.011             40,30      Value of Securities at Fair Value through
 pada Nilai Wajar melalui Penghasilan
                                                                                                                          Other Comprehensive Income – Net                 penghasilan sebesar 53,55%.                                                53.55%.
 Komprehensif Lain – Neto
 Penyisihan Kerugian Penurunan Nilai                                                                                         Allowance for Impairment Losses
 atas Efek yang Diukur pada Nilai Wajar           2.280                 2.782             (502)          (18,04)          on Securities Measured at Fair Value             Penghasilan (Rugi) Komprehensif Lain, Setelah                              Other Comprehensive Income (Loss), Net of Tax
 melalui Penghasilan Komprehensif Lain                                                                                  through Other Comprehensive Income                 Pajak
 Surplus Revaluasi Tanah dan Bangunan                                                                                          Revaluation Surplus on Land and             Pada tahun 2023, Perseoran membukukan penghasilan                          In 2023, the Company recorded other comprehensive loss, net
                                                107.257              111.259            (4.002)            (3,60)
 – Neto                                                                                                                                         Buildings – Net
                                                                                                                                                                           komprehensif lain, setelah pajak tercatat sebesar Rp47,05                  of tax of Rp47.05 billion, while in 2022, the Company recorded
 Saldo Laba                                     137.996              381.538         (243.542)           (63,83)                                Retained Earnings
                                                                                                                                                                           miliar, sedangkan tahun 2022, Perseroan membukukan rugi                    other comprehensive loss, net of tax of Rp184.55 billion.
 Total Ekuitas                                7.491.535            7.684.570        (193.035)              (2,51)                                      Total Equity        komprehensif lain, setelah pajak sebesar Rp184,55 miliar.


Total Ekuitas                                                                      Total Equity                                                                            Total Penghasilan Komprehensif Tahun Berjalan                              Total Comprehensive Income for the Year
Pada tahun 2023, total ekuitas Perseroan tercatat sebesar                          In 2023, the Company’s total equity was recorded at Rp7.49                              Per 31 Desember 2023, total penghasilan komprehensif                       As of December 31, 2023, total comprehensive income for the
Rp7,49 triliun, menurun 2,51% dibandingkan Rp7,68 triliun                          trillion, a decrease of 2.51% compared to Rp7.68 trillion                               tahun berjalan tercatat sebesar Rp173,53 miliar. Kondisi ini               year was recorded at Rp173.53 billion. This condition shows a
yang tercatat setahun sebelumnya. Penyebab utama                                   recorded a year earlier. The main cause of this decline was the                         menunjukkan adanya penurunan sebesar 5,29% dibandingkan                    decrease of 5.29% compared to the previous year of Rp183.22
penurunan ini adalah nilai saldo laba yang terkoreksi sebesar                      value of retained earnings, which was corrected by 63.83%.                              tahun sebelumnya sebesar Rp183,22 miliar yang dipengaruhi                  billion, which was influenced by a correction in income for the
63,83%.                                                                                                                                                                    oleh koreksi laba tahun berjalan sebesar 65,61%.                           year of 65.61%.


Laporan Laba Rugi dan Penghasilan Komprehensif Lain
Statement of Profit or Loss and Other Comprehensive Income                                                                                                                 Laporan Arus Kas
                                                      (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)   Statements of Cash Flows
                                                                                                                                                                                                                         (disajikan dalam jutaan Rupiah, kecuali dinyatakan lain / expressed in million Rupiah, unless specified otherwise)
                                                                                   Peningkatan (Penurunan)
                                                                                     Increase (Decrease)
                    Uraian                     2023                 2022                                                               Description                                                                                                    Peningkatan (Penurunan)
                                                                                                                                                                                                                                                        Increase (Decrease)
                                                                                        Rp                %                                                                                 Uraian                   2023              2022                                                               Description
                                                                                                                                                                                                                                                           Rp                %
 Total Pendapatan                             3.495.887            3.521.147          (25.260)             (0,72)                                      Total Income
 Total Beban                                  3.296.776            3.092.486          204.290                6,61                                   Total Expenses          Arus Kas Neto Digunakan untuk                                                                                       Net Cash Flows Used in Operating
                                                                                                                                                                                                                     (875.047)      (1.321.488)         (446.441)           (33,78)
                                                                                                                                                                            Aktivitas Operasi                                                                                                                           Activities
 Laba Sebelum Beban Pajak Final                                                                                                        Income Before Final Tax
                                                199.111              428.661        (229.550)            (53,55)
 dan Pajak Penghasilan                                                                                                                 and Income Tax Expense               Arus Kas Neto Diperoleh dari Aktivitas                                                                          Net Cash Flows Provided by Investing
                                                                                                                                                                                                                      674.417         1.230.020         (555.603)           (45,17)
                                                                                                                                                                            Investasi                                                                                                                                  Activities
 Pajak Final                                    (71.608)             (68.948)           (2.660)              3,86                                           Final Tax
                                                                                                                                                                            Arus Kas Neto Digunakan untuk                                                                                            Cash Flows Used in Financing
 Laba Sebelum Pajak Penghasilan                 127.503              359.713        (232.210)            (64,55)          Income Before Income Tax Expense                                                           (382.441)          (83.153)         299.288             359,92
                                                                                                                                                                            Aktivitas Pendanaan                                                                                                                         Activities
 (Beban) Manfaat Pajak Penghasilan               (1.015)                8.060           (9.075)         (112,59)                               Income Tax Benefit
 Laba Tahun Berjalan                            126.488              367.773        (241.285)            (65,61)                             Income for the Year
                                                                                                                                                                           Arus Kas Neto Digunakan untuk Aktivitas Operasi                            Net Cash Flow Used in Operating Activities
 Penghasilan (Rugi) Komprehensif Lain,                                                                                    Other Comprehensive Income (Loss),
                                                 47.046            (184.550)          231.596             125,49                                                           Pada tahun 2023, arus kas neto yang digunakan untuk aktivitas              In 2023, the net cash flow used in the Company’s operating
 Setelah Pajak                                                                                                                                    Net of Tax
 Total Penghasilan Komprehensif                                                                                                  Total Comprehensive In-come               operasi Perseroan tercatat sebesar Rp875,05 miliar, menurun                activities amounted to Rp875.05 billion, a decrease of 33.78%
                                                173.534              183.223           (9.689)             (5,29)
 Tahun Berjalan                                                                                                                                 for the Year               sebesar 33,78% dibandingkan tahun sebelumnya sebesar                       compared to the previous year of Rp1.32 trillion. This decrease
                                                                                                                                       Basic Earnings per Share            Rp1,32 triliun. Penurunan tersebut utamanya digunakan untuk                was mainly due to payments for claims and benefits amounting
 Laba per Saham Dasar (Nilai Penuh)                     60                175             (115)          (65,71)
                                                                                                                                                  (Full Amount)            pembayaran klaim dan manfaat sebesar 15,31%.                               to 15.31%.




               PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                          PT MSIG Life Insurance Indonesia Tbk
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           Pembahasan Manajemen                                                                                                                                                                                                                                                        and Analysis




Arus Kas Neto Diperoleh dari Aktivitas Investasi                                      Net Cash Flows Provided by Investing Activities                                    dari risiko kerugian yang mungkin timbul sebagai akibat dari    risk that may arise as a result of deviations in managing assets
Pada tahun 2023, arus kas neto yang diperoleh dari aktivitas                          In 2023, the net cash flow generated from the Company’s                            deviasi dalam pengelolaan kekayaan dan liabilitas.              and liabilities.
investasi Perseroan tercatat sebesar Rp674,42 miliar, menurun                         investing activities amounted to Rp674.42 billion, a decrease
45,17% dari tahun sebelumnya sebesar Rp1,23 triliun. Hal                              of 45.17% from the previous year of Rp1.23 trillion. This was                      Pada tanggal 31 Desember 2023, Perseroan telah memenuhi         As of December 31, 2023, the Company has met the minimum
ini disebabkan oleh penurunan deposito berjangka sebesar                              due to a decrease in fixed-term deposits of 184.53%.                               persyaratan minimum tingkat solvabilitas dengan tingkat         solvency level requirements with a solvency level achievement
184,53%.                                                                                                                                                                 pencapaian solvabilitas untuk konvensional sebesar 2.011,51%.   for conventional insurance of 2,011.51%. Meanwhile, for
                                                                                                                                                                         Sedangkan untuk syariah, rasio tingkat solvabilitas sebelum     Sharia, the solvency ratio before considering assets available
Arus Kas Neto Digunakan untuk Aktivitas                                               Net Cash Flow Used in Financing Activities                                         memperhitungkan aset yang tersedia untuk qardh sebesar          for qardh was 79.62%, and it became 120.00% after considering
Pendanaan                                                                                                                                                                79,62%, dan menjadi 120,00% setelah memperhitungkan             qardh, which was calculated as an additional allowable asset
Pada tahun 2023, arus kas neto yang digunakan untuk aktivitas                          2023, the net cash flow used in financing activities amounted                     qardh yang diperhitungkan sebagai penambah aset yang            for tabarru funds of Rp4.51 billion.
pendanaan tercatat sebesar Rp382,44 miliar, tumbuh 359,92%                            to Rp382.44 billion, an increase of 359.92% compared to the                        diperkenankan dana tabarru sebesar Rp4,51 miliar.
dibandingkan tahun sebelumnya sebesar Rp83,15 miliar.                                 previous year of Rp83.15 billion. This was due to dividend
Kondisi ini disebabkan oleh pembayaran dividen sebesar                                payments amounting to Rp371.70 billion in 2022.
Rp371,70 miliar di tahun 2022.                                                                                                                                           Tingkat Kolektibilitas Piutang                                  Receivables Collectability Rate

Kemampuan Membayar Utang                                                                                                                                                 Perseroan mengelola piutang-piutang usaha sesuai dengan         The Company manages trade receivables according to the
Debt Service Ability                                                                                                                                                     sifat, jenis, dan hubungan transaksi. Perseroan membentuk       nature, type and relationship of transactions. The Company
                                                                                                                                                                         cadangan kerugian penurunan nilai atas piutang tertentu.        provides allowance for impairment losses on certain
                                                                                                                                  (disajikan dalam % / expressed in %)
                                                                                                                                                                         Manajemen berpendapat bahwa piutang-piutang usaha yang          receivables. Management believes that the trade receivables
                        Uraian                                    2023                     2022                                 Description                              disajikan dalam laporan keuangan dapat tertagih seluruhnya.     presented in the financial statements are fully collectible.

 Rasio Likuiditas                                                                                                                                 Liquidity Ratio
 Rasio Lancar                                                       165,17                   304,41                                                 Current Ratio
                                                                                                                                                                         Struktur Permodalan dan Kebijakan                               Capital Structure and Management Policy
 Rasio Liabilitas terhadap Total Ekuitas                             99,61                   102,18                              Liabilities to Total Equity Ratio
                                                                                                                                                                         Manajemen
 Rasio Liabilitas terhadap Total Aset                                49,90                     50,54                             Liabilities to Total Assets Ratio
 Rasio Solvabilitas                                                                                                                               Solvency Ratio
                                                                                                                                                                         Kebijakan Manajemen dan Dasar Penentuan atas                    Management Policy and Basis for Determining
 Konvensional                                                     2.011,51                 2.527,75                                                  Conventional
                                                                                                                                                                         Struktur Modal                                                  Capital Structure
 Syariah                                                           120,00*                   137,85                                                         Sharia
                                                                                                                                                                         Tujuan utama dari pengelolaan modal Perseroan adalah            The main objective of managing the Company’s capital is to
* Rasio tingkat solvabilitas telah memperhitungkan Qardh yang diperhitungkan sebagai penambah aset yang diperkenankan Dana Tabarru. / The solvency level ratio has       untuk mempertahankan kecukupan dan kesehatan struktur           maintain the adequacy and soundness of capital structure
  taken into account Qardh, which is considered an allowable asset addition to the Tabarru Fund..
                                                                                                                                                                         permodalan guna mendukung pertumbuhan bisnis. Selain itu,       to support business growth. In addition, the Company also
                                                                                                                                                                         Perseroan juga senantiasa memperhatikan dan memenuhi            always pays attention to and fulfils the capital requirements
Rasio Likuiditas                                                                      Liquidity Ratio                                                                    syarat permodalan perusahaan asuransi sebagaimana diatur        of insurance companies as stipulated in the applicable
Hasil pengukuran rasio likuiditas Perseroan tahun 2023 dengan                         The Company’s liquidity ratio measurement for 2023 using                           dalam peraturan yang berlaku. Perhitungan kemampuan             regulations. Calculation of the Company’s ability to fulfil
menggunakan rasio lancar tercatat sebesar 165,17% lebih                               the current ratio recorded a decrease of 165.17% compared                          Perseroan dalam memenuhi kewajibannya dilakukan secara          its obligations is carried out periodically. As an insurance
rendah dibandingkan tahun sebelumnya sebesar 304,41%.                                 to the previous year of 304.41%. Meanwhile, the ratio of                           berkala. Sebagai perusahaan asuransi, kewajiban minimum         company, the minimum internal solvency obligation is in the
Sedangkan, rasio liabilitas terhadap total ekuitas dan total aset                     liabilities to total equity and total assets decreased, with                       solvabilitas internal berada pada kisaran 100% pada masing-     range of 100% for each conventional and sharia business unit.
mengalami penurunan dengan masing-masing pencapaian di                                respective achievements in 2023 of 99.61% and 49.90%.                              masing unit usaha konvensional maupun syariah. Saat ini,        Currently, the Company’s capital needs have been fulfilled by
tahun 2023 sebesar 99,61% dan 49,90%. Meski mengalami                                 Despite experiencing a decrease, the Company’s ability to pay                      kebutuhan permodalan Perseroan telah terpenuhi oleh modal       the current capital.
penurunan, kemampuan Perseroan dalam membayar utang                                   its debts remains well maintained. The Company is able to                          yang dimiliki saat ini.
terjaga dengan baik. Perseroan mampu memenuhi kewajiban-                              meet its long-term obligations in a timely manner.
kewajiban jangka panjangnya secara tepat waktu.                                                                                                                          Struktur Modal                                                  Capital Structure
                                                                                                                                                                         Struktur permodalan Perseroan untuk periode yang berakhir       The Company’s capital structure for the periods ending
Rasio Solvabilitas                                                                    Solvency Ratio                                                                     tanggal 31 Desember 2023 dan 2022 diuraikan sebagai berikut.    December 31, 2023 and 2022, is described as follows:.
Berdasarkan Peraturan Otoritas Jasa Keuangan No. 5 Tahun                              Based on Financial Services Authority Regulation No. 5 of
2023 tentang Perubahan Kedua atas Peraturan Otoritas Jasa                             2023 on Second Amendment to Financial Services Authority                                                                                                            (disajikan dalam jutaan Rupiah / expressed in million Rupiah)

Keuangan No. 71/POJK.05/2016 tentang Kesehatan Keuangan                               Regulation No. 71/POJK.05/2016 on Financial Soundness
                                                                                                                                                                                             Uraian                         2023             2022                               Description
Perusahaan Asuransi dan Reasuransi, Perseroan diwajibkan                              of Insurance and Reinsurance Companies, the Company
untuk memenuhi tingkat solvabilitas untuk konvensional paling                         is required to maintain a solvency level for conventional                           Modal Dasar, Ditempatkan, dan Disetor Penuh       210.000          210.000                          Authorized, Issued and Fully Paid
sedikit 120% terhadap batas tingkat solvabilitas minimum.                             insurance of at least 120% of the minimum solvency level.                           Tambahan Modal Disetor                           6.842.500        6.842.500                                Additional Paid-In Capital


Sedangkan, berdasarkan Peraturan Otoritas Jasa Keuangan                               Meanwhile, based on Financial Services Authority Regulation                        Pada tanggal 31 Desember 2023, Perseroan telah memenuhi         As of December 31, 2023, the Company has complied with
No. 6 Tahun 2023 tentang Perubahan Kedua atas Peraturan                               No. 6 of 2023 on Second Amendment to Financial Services                            persyaratan peraturan untuk minimum modal kerja                 the regulatory requirements for minimum corporate working
Otoritas Jasa Keuangan No. 72/POJK.05/2016 tentang                                    Authority Regulation No. 72/POJK.05/2016 on Financial                              perusahaan.                                                     capital.
Kesehatan Keuangan Usaha Asuransi dan Usaha Reasuransi                                Soundness of Sharia Insurance and Sharia Reinsurance
dengan Prinsip Syariah, Perseroan diwajibkan untuk memenuhi                           Businesses, the Company is required to maintain a solvency
rasio solvabilitas untuk dana tabarru paling sedikit 100%                             ratio for tabarru funds of at least 100% of the potential loss




             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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          Analisis dan                                                                                                                                                                                                                                                                    Management Discussion
          Pembahasan Manajemen                                                                                                                                                                                                                                                                     and Analysis




Ikatan Material untuk Investasi Barang                                        Material Commitment for Capital Goods                                            Prospek Usaha                                                                     Business Prospect
Modal                                                                         Investment
                                                                                                                                                               Kondisi geopolitik yang tidak stabil diperkirakan akan terus                      The unstable geopolitical conditions are expected to persist
Sepanjang tahun 2023, Perseroan tidak melakukan pengikatan                    Throughout 2023, the Company did not make any material                           berlanjut di tahun 2024, meningkatkan risiko pelemahan                            in 2024, increasing the risk of global economic slowdown.
material dengan pihak manapun terkait investasi barang                        commitments with any parties related to capital goods                            ekonomi global. Menurut laporan Economic Outlook dari                             According to the Economic Outlook report from the
modal.                                                                        investment.                                                                      Organisation for Economic Co-operation and Development                            Organisation for Economic Co-operation and Development
                                                                                                                                                               (OECD), pertumbuhan ekonomi global diperkirakan akan                              (OECD), global economic growth is projected to slow to 2.7%
                                                                                                                                                               melambat menjadi 2,7% di tahun 2024, menurun dari proyeksi                        in 2024, down from the previous projection of 2.9% for 2023.
Investasi Barang Modal                                                        Capital Goods Investment                                                         sebelumnya sebesar 2,9% untuk tahun 2023. Inflasi dunia                           World inflation is also predicted to remain high, reaching 5.8%,
                                                                                                                                                               juga diprediksi tetap tinggi, mencapai 5,8%, jauh di atas                         well above the normal rate, usually below 2%. External factors
Perseroan melakukan investasi barang modal untuk membeli                      The Company invests in capital goods to purchase a number                        tingkat normal yang biasanya di bawah 2%. Faktor eksternal                        such as the economic downturn in China due to the property
sejumlah aset tetap atau menambah nilai aset tetap yang                       of fixed assets or increase the value of fixed assets which are                  seperti pelemahan ekonomi RRC akibat krisis properti                              crisis are believed to have a significant impact on Indonesia’s
diharapkan dapat memberikan nilai manfaat di masa depan                       expected to provide beneficial value in the future with the                      diyakini akan berdampak besar pada pertumbuhan ekonomi                            economic growth. According to data from the Center of Reform
dengan tujuan untuk mendukung dan menunjang aktivitas                         aim of supporting and supporting the Company’s operational                       Indonesia. Menurut data dari Center of Reform Economic                            Economic (CORE), Indonesia’s economy is expected to slightly
operasional Perseroan dan sejalan dengan pertumbuhan bisnis                   activities and in line with sustainable business growth. The                     (CORE), perekonomian Indonesia diperkirakan akan sedikit                          slow down in the range of 4.9%-5%. Indonesia’s dependence
yang berkelanjutan. Realisasi investasi barang modal yang                     realization of capital goods investment carried out by the                       melambat di kisaran 4,9%-5%. Faktor ketergantungan ekspor                         on exports to several countries makes international trade
dilakukan Perseroan pada tahun 2023 diuraikan sebagai berikut:                Company in 2023 is described as follows:                                         Indonesia terhadap beberapa negara membuat perdagangan                            vulnerable to external upheavals.
                                                                                                                                                               internasional rentan terhadap gejolak eksternal.
                                                                                               (disajikan dalam jutaan Rupiah / expressed in million Rupiah)

                                                                                                                                                               Meskipun dihadapi oleh berbagai tantangan, program                                Despite facing various challenges, the downstream program
                       Uraian                                  2023                 2022                             Description
                                                                                                                                                               hilirisasi diperkirakan akan membantu menahan perlambatan                         is expected to help mitigate this slowdown. Similarly, the
 Prasarana dan Perbaikan Bangunan                               287                 2.562                 Building Renovations and Improvements                tersebut. Begitu pun dengan industri asuransi di Indonesia                        insurance industry in Indonesia is forecasted to remain
 Peralatan Komputer                                            1.850                2.337                                        Computer Equipment            yang diprognosis masih cerah pada 2024. Secara umum,                              bright in 2024. Generally, the projected growth in insurance
 Peralatan dan Perlengkapan Kantor                                 -                 634                            Office Furniture and Equipment             prediksi pertumbuhan premi asuransi di tahun mendatang                            premiums for the coming year is around 11%-12%. This is
 Aset dalam Proses Pembangunan                                     -                  30                                  Communication Equipment              berkisar di angka 11%-12%. Hal ini ditopang oleh tingginya                        supported by the high population in Indonesia, which is one
 Total                                                         2.137                5.563                                  Construction in Progress            jumlah penduduk di Indonesia yang menjadi salah satu target                       of the target markets for foreign insurance companies. In
                                                                                                                                                               pasar bagi perusahaan asuransi asing. Selain itu, Otoritas                        addition, the Financial Services Authority also revealed that
                                                                                                                                                               Jasa Keuangan juga mengungkapkan bahwa premi asuransi                             life insurance premiums are projected to grow by 4.4%, with
Informasi dan Fakta Material yang Terjadi                                     Material Information and Facts Subsequent                                        jiwa diproyeksikan tumbuh 4,4% dengan akumulasi sebesar                           an accumulation of Rp165.92 trillion. This is supported by the
Setelah Laporan Akuntan                                                       to the Accountant’s Report Date                                                  Rp165,92 triliun.. Hal ini didukung oleh nilai investasi asuransi                 value of life insurance investments, which are expected to
                                                                                                                                                               jiwa yang diperkirakan meningkat menjadi Rp550,5 triliun.                         increase to Rp550.5 trillion.
Tidak terdapat informasi dan fakta material yang terjadi                      There is no material information and facts that occurred after
setelah laporan akuntan.                                                      the accountant’s report date.                                                    Meski demikian, perkiraan-perkiraan tersebut masih akan                           However, these forecasts will still depend on the economic
                                                                                                                                                               tergantung dengan kondisi perekonomian di masa yang akan                          conditions in the future. Moreover, various internal
Perbandingan Target dan Realisasi Tahun 2023                                                                                                                   datang. Selain itu, diperlukan berbagai program perbaikan                         improvement programs, reforms, and transformations are
Comparison of Target and Realization for 2023                                                                                                                  internal, reformasi, dan transformasi pada setiap peluang                         needed to seize every opportunity in the insurance industry
                                                                                                                                                               dalam industri asuransi di Indonesia. Asosiasi Asuransi Jiwa                      in Indonesia. The Indonesian Life Insurance Association (AAJI)
                                                                                               (disajikan dalam jutaan Rupiah / expressed in million Rupiah)
                                                                                                                                                               Indonesia (AAJI) menyatakan kenaikan modal minimum bagi                           stated that an increase in the minimum capital for companies
                                                                                         Pencapaian                                                            perusahaan perlu dilakukan untuk memperkuat industri                              needs to be done to strengthen the life insurance industry and
                                            Realisasi 2023             Target 2023
                    Uraian                                                              Achievement                       Description                          asuransi jiwa dan meningkatkan kepercayaan masyarakat,                            increase public trust, especially for policyholders.
                                           2023 Realization            2023 Target
                                                                                             (%)
                                                                                                                                                               khususnya bagi pemegang polis.
 Total Aset                                    14.953.956              17.226.406            86,81                                          Total Assets
                                                                                                                                                               Sumber:                                                                           Sources:
 Total Liabilitas                               7.221.590               8.822.783            81,85                                      Total Liabilities      • Media Kemenkeu RI: Ekonomi Indonesia: Tumbuh Tangguh di 2023, Bagaimana         • Media of the Ministry of Finance of the Republic of Indonesia: Indonesia’s
 Total Dana Peserta                                  240.831             510.747             47,15                           Total Participants’ Funds           di 2024?;                                                                         Economy: Growing Resiliently in 2023, What About 2024?;
                                                                                                                                                               • Kompas.id: Prospek dan Tantangan Ekonomi Global 2024;                           • Kompas.id: Prospects and Challenges of the Global Economy in 2024;
 Total Ekuitas                                  7.491.535               7.892.875            94,92                                          Total Equity       • Kompas.id: OJK Proyeksi Premi Asuransi Jiwa Bakal Tumbuh 4,4 Persen pada        • Kompas.id: OJK Projects Life Insurance Premiums to Grow by 4.4 Percent in
                                                                                                                                                                 2024;                                                                             2024;
 Pendapatan                                     3.495.887               4.098.044            85,31                                               Income        • CNBC Indonesia: Tantangan Ekonomi 2024 Tak Mudah, Semua Negara Harus            • CNBC Indonesia: The Economic Challenges of 2024 Are Not Easy, All Countries
                                                                                                                                                                 Bersiap!;                                                                         Must Prepare!;
 Laba Tahun Berjalan                                 126.488             414.000             30,55                                 Income for the Year
                                                                                                                                                               • CNBC Indonesia: Hasil Investasi Asuransi 2024 Diprediksi Naik, Ini Alasannya;   • CNBC Indonesia: Investment Results of Insurance Predicted to Rise in 2024,
 Struktur Modal                                 7.052.500               7.052.500           100,00                                    Capital Structure                                                                                            Here’s Why;
                                                                                                                                                               •   CNN Indonesia: AAUI Pede Industri Asuransi Cerah di 2024.                     • CNN Indonesia: AAUI Confident in the Bright Future of the Insurance Industry in
                                                                                                                                                                                                                                                   2024.




              PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                    PT MSIG Life Insurance Indonesia Tbk
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          Analisis dan                                                                                                                                                                                                                                      Management Discussion
          Pembahasan Manajemen                                                                                                                                                                                                                                       and Analysis




Proyeksi 2024                                                                                                                                         3. Customer Retention (Mempertahankan Pelanggan)                3. Customer Retention:
2024 Projections                                                                                                                                         a. Penerapan program Transactional NPS, di mana                 a. Implementing the Transactional NPS program, where
                                                                                      (disajikan dalam jutaan Rupiah / expressed in million Rupiah)         nasabah dapat memberikan umpan balik secara                     customers can provide direct feedback on company
                                                                                                                                                            langsung atas pelayanan perusahaan dalam setiap                 service in every transaction in a timely manner, as a
                                                Realisasi 2023      Proyeksi 2024                                                                           transaksi secara tepat waktu, sebagai fondasi yang              strong foundation for the Company to continuously
                    Uraian                                                                                       Description
                                               2023 Realization    2024 Projections
                                                                                                                                                            kuat bagi Perseroan dalam meningkatkan pelayanan                improve customer service and satisfaction.
 Total Aset                                          14.953.956        15.942.718                                                  Total Assets             dan kepuasan nasabah secara berkelanjutan.
 Total Liabilitas                                     7.221.590           7.891.639                                            Total Liabilities         b. Melakukan akselerasi terhadap pengembangan                   b. Accelerating the development of digital infrastructure
 Total Dana Peserta                                    240.831             279.172                                  Total Participants’ Funds               infrastruktur digital yang berfokus pada peningkatan            focused on improving the customer experience
 Total Ekuitas                                        7.491.535           7.771.907                                                Total Equity             pengalaman nasabah melalui kemudahan transaksi                  through transaction ease and accessibility to data
 Pendapatan                                           3.495.887           4.520.855                                                     Income              dan aksesibilitas terhadap data-data yang dibutuhkan            required by customers.
 Laba Tahun Berjalan                                   126.488             492.134                                        Income for the Year               oleh nasabah.
 Struktur Modal                                       7.052.500           7.052.500                                          Capital Structure           c. Memasukan manajemen risiko dan kontrol terhadap              c.   Incorporating risk management and control into
 Pembagian Dividen                                     371.700             152.014                                      Dividend Distribution               seluruh operasional pemasaran dan pelayanan yang                  all marketing and service operations running in
                                                                                                                                                            berjalan sesuai dengan nilai-nilai dan batasan-batasan            accordance with the values and limits set by the
                                                                                                                                                            yang sudah ditentukan oleh Perseroan dan pihak                    Company and relevant regulatory authorities.
Aspek Pemasaran                                                   Marketing Aspect                                                                          regulator yang berwenang.


Strategi Pemasaran                                                Marketing Strategy                                                                  Pangsa Pasar                                                    Market Share
Dalam menghadapi persaingan di industri asuransi serta            In facing competition in the insurance industry and achieving                       Sebagai upaya menghadapi persaingan dan penguasaan              In an effort to face competition and market dominance, the
mencapai keberhasilan dan keberlanjutan bisnis, strategi          business success and sustainability, the marketing strategy                         pasar, Perseroan senantiasa melakukan analisis pangsa pasar     Company continually conducts an analysis of Indonesia’s
pemasaran yang ditempuh Perseroan sepanjang tahun 2023            pursued by the Company throughout 2023 encompasses three                            industri asuransi di Indonesia. Berikut posisi pangsa pasar     market share in the insurance industry. The following is the
mencakup 3 fokus utama, yaitu:                                    main focuses:                                                                       Perseroan di industri perasuransian dan asuransi jiwa selama    Company’s market share position in the insurance and life
1. Market Share (Pangsa Pasar)                                                                                                                        2 tahun terakhir:                                               insurance industries over the past 2 years:
    a. Melanjutkan pengembangan terhadap kapasitas                1. Market Share:
       seluruh kanal distribusi yang ada untuk menjangkau            a. Continuing the development of the capacity of all                                                                                                               (disajikan dalam jutaan Rupiah / expressed in million Rupiah)

       pasar yang lebih luas melalui rekrutmen tenaga                   existing distribution channels to reach a broader
                                                                                                                                                                          Asuransi                      2023              2022                                 Insurance
       pemasar yang berkualitas, yang didukung dengan                   market through the recruitment of quality marketers,
       pelatihan-pelatihan     yang    komprehensif,     dan            supported by comprehensive training, and the opening                           Aset                                                                                                                                Assets
       pembukaan kantor-kantor pemasaran baru yang                      of new marketing offices spread across Indonesia to                            Industri Perasuransian                        1.843.022.105    1.092.994.926                                          Insurance Industry
       tersebar di seluruh Indonesia guna menjaga kualitas              maintain service quality to all customers and potential                        Asuransi Jiwa                                  587.710.384       585.858.033                                               Life Insurance
       pelayanan kepada seluruh nasabah dan calon nasabah.              customers.                                                                     Perseroan                                        14.953.956       15.536.442                                                The Company
    b. Mengembangkan beragam produk-produk asuransi                  b. Developing various insurance products based on a                               Pangsa Pasar Industri Perasuransian (%)                 0,81              1,42                Market Share in Insurance Industry (%)
       berdasarkan analisa komprehensif pada tren dan                   comprehensive analysis of trends and the needs of                              Pangsa Pasar Asuransi Jiwa (%)                          2,54              2,65                      Market Share in Life Insurance (%)
       kebutuhan tiap-tiap segmen nasabah, dengan fokus yang            each customer segment, with a focus on meeting                                 Premi                                                                                                                            Premium
       memenuhi kebutuhan pasar, sekaligus meningkatkan                 market needs while increasing customer appeal while                            Industri Perasuransian                         551.446.206       532.851.173                                          Insurance Industry
       daya tarik nasabah dengan tetap memperhatikan bauran             still considering a healthy and balanced product mix.                          Asuransi Jiwa                                  151.719.957       163.799.142                                                Life Insurance
       produk yang sehat dan seimbang.                                                                                                                 Perseroan                                         2.569.686        2.575.200                                                The Company
2. Brand Awareness (Kesadaran Merek)                              2. Brand Awareness:                                                                  Pangsa Pasar Industri Perasuransian (%)                 0,47              0,48                Market Share in Insurance Industry (%)
    a. Menjangkau publik melalui berbagai kanal media,               a. Reaching the public through various media channels,                            Pangsa Pasar Asuransi Jiwa (%)                          1,69              1,57                      Market Share in Life Insurance (%)
       baik konvensional, digital, maupun media sosial                  both conventional, digital, and social media, to                               Klaim                                                                                                                                Claim
       untuk memperkuat citra positif dan memastikan                    strengthen a positive image and ensure sustainable                             Industri Perasuransian                         437.390.322       392.780.697                                          Insurance Industry
       pertumbuhan berkelanjutan di masa depan.                         growth in the future.                                                          Asuransi Jiwa                                  152.801.395       150.673.701                                                Life Insurance
    b. Mendukung program peningkatan literasi keuangan               b. Actively supporting financial literacy improvement                             Perseroan                                         1.956.316        2.117.317                                                The Company
       secara aktif, khususnya bagi wanita sebagai pemegang             programs, especially for women as the primary                                  Pangsa Pasar Industri Perasuransian (%)                 0,45              0,54                Market Share in Insurance Industry (%)
       peran terpenting dalam keuangan keluarga di                      financial role players in Indonesian families, through                         Pangsa Pasar Asuransi Jiwa (%)                          1,28              1,41                      Market Share in Life Insurance (%)
       Indonesia, melalui webinar dan sosialiasi di media               webinars and other electronic media socialization.
       elektronik lainnya.
    c. Mengadakan         program      yang      mendukung           c.    Organizing programs that support sustainability,
       keberlanjutan, salah satunya dengan melestarikan                    including preserving the environment through                               Kebijakan dan Pembagian Dividen                                 Dividend Policy and Distribution
       alam melalui kegiatan pemulihan ekosistem laut yang                 activities to restore damaged marine ecosystems in
       rusak bersama dengan MSIG Indonesia dan Smiling                     collaboration with MSIG Indonesia and Smiling Coral                        Perseroan berusaha untuk memberikan nilai yang maksimal         The Company strives to provide maximum value to
       Coral Indonesia.                                                    Indonesia.                                                                 kepada pemegang saham, salah satunya berupa pembagian           Shareholders, one of which is in the form of dividend
                                                                                                                                                      dividen yang dilaksanakan setiap tahunnya dengan                distribution which is carried out annually by observing the
                                                                                                                                                      memperhatikan keuntungan pada tahun yang bersangkutan           profits for the relevant year without neglecting the Company’s
                                                                                                                                                      tanpa mengabaikan tingkat kesehatan Perseroan. Pembagian        soundness level. Dividend distribution is carried out through
                                                                                                                                                      dividen dilakukan melalui mekanisme Rapat Umum Pemegang         the mechanism of General Meeting of Shareholders (GMS)



              PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
118           Laporan Tahunan 2023                                                                                                                                                                                                                        2023 Annual Report                 119
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        Analisis dan                                                                                                                                                                                                                               Management Discussion
        Pembahasan Manajemen                                                                                                                                                                                                                                and Analysis




Saham (RUPS) tanpa mengurangi hak dari RUPS untuk                  without prejudice to the GMS rights to decide otherwise, in           Transaksi dengan Pihak Berelasi                                        Transactions with Related Parties
memutuskan lain, sesuai dengan ketentuan yang tercantum            accordance with the provisions contained in the Company’s             Dalam kegiatan usaha normal, Perseroan melakukan transaksi             In the ordinary course of business, the Company engages in
dalam Anggaran Dasar Perseroan. Pembagian dilaksanakan             Articles of Association. The distribution is carried out by           asuransi dan keuangan dengan pihak-pihak berelasi, yang                insurance and financial transactions with related parties,
dengan mempertimbangkan laba ditahan, kondisi keuangan,            considering retained earnings, financial conditions, liquidity        dilakukan berdasarkan syarat dan kondisi yang disepakati oleh          conducted based on terms and conditions agreed upon by
kondisi likuiditas, prospek usaha, serta kebutuhan kas,            conditions, future business prospects, and cash requirements.         kedua belah pihak, utamanya terdiri dari transaksi asuransi,           both parties, mainly consisting of insurance transactions,
                                                                                                                                         penempatan deposito, rekening giro dan efek sekuritas lain             deposit placements, current accounts, and other securities
Pembagian dividen yang dilaksanakan Perseroan pada 2 tahun         The dividend distribution carried out by the Company in the           yang diungkapkan dalam Catatan atas Laporan Keuangan                   disclosed in Note 39 to the Consolidated Financial Statements
terakhir disajikan dalam tabel berikut:                            past 2 years is presented in the following table:                     Konsolidasian No. 39 tentang Transaksi dengan Pihak Berelasi           on Related Party Transactions on page 140.
                                                                                                                                         pada halaman 140.
                                            Tahun Buku 2022         Tahun Buku 2021
                Uraian                                                                                   Description
                                            Fiscal Year 2022        Fiscal Year 2021
                                                                                                                                         Perubahan Ketentuan Peraturan                                          Amendments to the Provisions of Laws
 Jumlah Dividen per Saham
 (dalam Rupiah penuh)
                                                      177                    34,00           Total Dividend per Share (in full Rupiah)   Perundang-Undangan yang Berpengaruh                                    and Regulations that have a Significant
 Jumlah Dividen per Tahun yang Dibayar                                                             Total Annual Dividend Paid (in full   Signifikan terhadap Perseroan                                          Impact on the Company
                                                  371.700                   71.400
 (dalam jutaan Rupiah)                                                                                                      Rupiah)
 Tanggal RUPS untuk Pembayaran                27 Juni 2023            22 Juni 2022                                                       Perubahan peraturan perundang-undangan yang berpengaruh                Amendments to laws and regulations that affect the Company
                                                                                                    GMS Date for Dividend Payment
 Dividen                                     June 27, 2023           June 22, 2023                                                       terhadap Perseroan serta dampak mengenai perubahan                     and the impact of these amendments are described as follows:
                                                                                                                                         tersebut diuraikan sebagai berikut:

Realisasi Penggunaan Dana Hasil                                    Realization of Use of Proceeds from Public                             Tanggal Diundangkan         Nomor Peraturan                         Hal yang Diatur                     Dampak terhadap Perseroan
Penawaran Umum                                                     Offering                                                                Promulgation Date         Regulation Number                       Regulated Matters                      Impact on the Company

                                                                                                                                          14 Desember 2023        Peraturan Otoritas Jasa        • Perusahaan asuransi jiwa dan perusahaan        • Perseroan telah memiliki sistem
Seluruh saham yang ditawarkan dalam penawaran umum                 All shares offered in the public offering are owned by                                         Keuangan No. 20 Tahun            asuransi jiwa syariah dapat memasarkan           informasi yang memadai untuk
merupakan saham milik pendiri atau pemegang saham saat             the founder or current shareholder, namely PT Sinar Mas                                        2023 tentang Produk              produk asuransi atau produk asuransi jiwa        memperoleh, memelihara, dan
ini, yaitu PT Sinar Mas Multiartha Tbk. Oleh karena itu, seluruh   Multiartha Tbk. Therefore, all proceeds from the public                                        Asuransi Yang Dikaitkan          syariah yang dikaitkan dengan kredit atau        memproses informasi mengenai
                                                                                                                                                                  dengan Kredit atau               pembiayaan syariah dalam bentuk Asuransi         objek asuransi.
dana hasil penawaran umum diterima oleh PT Sinar Mas               offering were received by PT Sinar Mas Multiartha Tbk without                                  Pembiayaan Syariah dan           Jiwa Kredit atau Asuransi Jiwa Pembiayaan      • Menetapkan        biaya  akuisisi
Multiartha Tbk tanpa terkecuali. Dengan demikian, Perseroan        exception. Thus, the Company has no obligation to submit a                                     Produk Suretyship atau           Syariah.                                         produk Asuransi Jiwa Kredit
tidak memiliki kewajiban untuk menyampaikan laporan realisasi      report on the realization of the use of proceeds from the                                      Suretyship Syariah             • Wajib mempunyai sistem informasi yang            untuk pertama kali maksimal
                                                                                                                                                                  (POJK 20/2023)                   memadai untuk memperoleh, memelihara,            10%     dari    tingkat  premi/
penggunaan dana hasil penawaran umum pada tahun 2023.              public offering in 2023.                                                                                                        dan mengolah informasi mengenai objek            kontribusi.
                                                                                                                                                                                                   asuransi.                                      • Memastikan         kerja   sama
                                                                                                                                                                                                 • Biaya akuisisi untuk pertama kali ditetapkan     pemasaran produk Asuransi Jiwa
                                                                                                                                                                                                   maksimal 10% dari tarif premi/kontribusi.        Kredit mempunyai perjanjian
Informasi Material terkait Investasi,                              Material Information related to                                                                                               • Wajib memiliki perjanjian kerja sama dengan      kerja sama dengan kreditur atau
Ekspansi, Divestasi, Penggabungan/                                 Investment, Expansion, Divestment,                                                                                              kreditur atau pemasar produk Asuransi Jiwa       pemasar.
Peleburan Usaha, Akuisisi, dan                                     Business Merger/Consolidation,                                                                                                  Kredit (AJK).                                  • Mengkinikan data profil risiko
                                                                                                                                                                                                 • Wajib memiliki dan mengkinikan data profil       produk Asuransi Jiwa Kredit.
Restrukturisasi Utang/Modal                                        Acquisition, and Debt/Capital                                                                                                   risiko produk asuransi yang dikaitkan dengan
                                                                   Restructuring                                                                                                                   kredit atau pembiayaan syariah.
                                                                                                                                          December 14, 2023       Financial Services Authority   • Life insurance and Sharia life insurance       • The Company has an adequate
Pada tahun 2023, Perseroan tidak melakukan investasi,              In 2023, the Company did not undertake investment,                                             Regulation No. 20 of 2023        companies may market insurance or Sharia         information       system     for
                                                                                                                                                                  on Insurance Products            life insurance products associated with          obtaining, maintaining, and
ekspansi, divestasi, penggabungan/peleburan usaha, dan             expansion, divestment, business merger/consolidation, and                                      Linked to Sharia Credit or       Sharia credit or financing in the form of        processing information related
restrukturisasi utang/modal.                                       debt/capital restructuring.                                                                    Financing and Suretyship         Credit or Sharia Financing Life Insurances.      to insurance objects.
                                                                                                                                                                  Products or Suretyship         • It is mandatory to have an adequate            • Setting the acquisition cost of
                                                                                                                                                                  Sharia (POJK 20/2023)            information system to obtain, maintain, and      Credit Life Insurance products
                                                                                                                                                                                                   process information about insurance objects.     for the first time to a maximum
Informasi Transaksi yang Mengandung                                Information on Transaction Containing                                                                                         • The acquisition cost for the first time is       of 10% of the premium/
Benturan Kepentingan                                               Conflict of Interest                                                                                                            set at a maximum of 10% of the premium/          contribution rate.
                                                                                                                                                                                                   contribution rate.                             • Ensuring marketing cooperation
                                                                                                                                                                                                 • Must have a cooperation agreement                for Credit Life Insurance
Perseroan tidak melakukan transaksi yang mengandung                The Company did not carry out transactions that contained                                                                       with creditors or marketers of Credit Life       products has a cooperation
benturan kepentingan di sepanjang tahun 2023.                      conflicts of interest throughout 2023.                                                                                          Insurance (AJK) products.                        agreement with creditors or
                                                                                                                                                                                                 • Must have and update risk profile data for       marketers.
                                                                                                                                                                                                   insurance products associated with Sharia      • Updating risk profile data for
                                                                                                                                                                                                   credit or financing.                             Credit Life Insurance products.
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 2023, Perseroan tidak melakukan transaksi          Throughout 2023, the Company did not carry out material
material dengan pihak afiliasi.                                    transactions with affiliated parties.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
120        Laporan Tahunan 2023                                                                                                                                                                                                                     2023 Annual Report         121
Page 63
       Analisis dan                                                                                                                                                                                                                                                 Management Discussion
       Pembahasan Manajemen                                                                                                                                                                                                                                                  and Analysis




Tanggal Diundangkan         Nomor Peraturan                           Hal yang Diatur                       Dampak terhadap Perseroan              Tanggal Diundangkan             Nomor Peraturan                            Hal yang Diatur                      Dampak terhadap Perseroan
 Promulgation Date         Regulation Number                         Regulated Matters                        Impact on the Company                 Promulgation Date             Regulation Number                          Regulated Matters                       Impact on the Company

22 Desember 2023         Peraturan Otoritas Jasa         • Peraturan ini mencabut Peraturan Otoritas        • Memastikan          penyampaian      December 22, 2023           Financial Services Authority   • This regulation replaces the Financial             • Ensuring Insurance Agents are
                         Keuangan No. 22 Tahun             Jasa Keuangan No. 6 Tahun 2022 tentang             Laporan      Realisasi   Literasi                                Regulation No. 23 of 2023        Services Authority Regulation No. 67 of              registered with the Financial
                         2023 tentang Perlindungan         Perlindungan Konsumen dan Masyarakat               Keuangan dan Inklusi Keuangan                                    on Business Licensing            2016 on Business Licenses for Insurance              Services Authority and must
                         Konsumen dan Masyarakat           Sektor Jasa Keuangan.                              dilakukan paling lambat tanggal                                  and Institutionalization         Companies, Sharia Insurance Companies,               have certification from a
                         di Sektor Jasa Keuangan         • Persyaratan minimum standar perjanjian             10 Juli tahun berjalan.                                          of Insurance Companies,          Reinsurance       Companies,       and   Sharia      Competency Test Provider in the
                         (POJK 22/2023)                    standar terkait produk dan layanan.              • Memastikan tindak lanjut dan                                     Sharia Insurance Companies,      Reinsurance Companies (POJK 67/2016).                insurance field.
                                                         • Perubahan batas waktu penyampaian                  penyelesaian keluhan dalam                                       Reinsurance Companies,         • Insurance agents must be registered under          • Adjusting      the    overlapping
                                                           Laporan Realisasi Literasi Keuangan dan            waktu 10 hari kerja dan dapat                                    and Sharia Reinsurance           OJK and must have an agency certificate              position of the Board of
                                                           Inklusi Keuangan dari yang sebelumnya              diperpanjang 10 hari kerja.                                      Companies                        from the Professional Certification Institute        Commissioners within 1 year after
                                                           tanggal 31 Juli menjadi tanggal 10 Juli tahun                                                                                                        (LSP) in the insurance field.                        the Financial Services Authority
                                                           berjalan.                                                                                                                                          • Concurrent positions of the Board of                 regulation comes into effect
                                                         • Perubahan     periode    Laporan    Layanan                                                                                                          Commissioners as members of the Board of             (effective from December 20,
                                                           Pengaduan      dari   triwulanan     menjadi                                                                                                         Commissioners or equivalents or members of           2023).
                                                           semesteran.                                                                                                                                          the Sharia Supervisory Board in a maximum          • Foreign workers employed by
                                                         • Perusahaan wajib menindaklanjuti dan                                                                                                                 of 3 other companies that:                           the Company can only be hired
                                                           menyelesaikan Pengaduan secara tertulis                                                                                                              a) Are not insurance companies; and/or               for a maximum period of 3 years
                                                           paling lambat 10 hari kerja sejak dokumen                                                                                                            b) Are insurance companies not engaged in            and can be extended once for a
                                                           lengkap diterima dan dapat diperpanjang 10                                                                                                              the same business field.                          maximum period of 1 year.
                                                           hari kerja.                                                                                                                                        • Foreign workers employed by the Company            • Ensuring a minimum of 1 expert
December 22, 2023        Financial Services Authority    • This regulation revokes the Financial Services   • Ensuring the submission of                                                                        can only be employed for a maximum period            staff for the Sharia Unit.
                         Regulation No. 22 of              Authority Regulation No. 6 of 2022 on Consumer     Financial Literacy and Financial                                                                  of 3 years and can be extended once for a          • Ensuring the minimum equity
                         2023 on Consumer and              and Community Protection in the Financial          Inclusion Realization Reports is                                                                  maximum period of 1 year.                            of the Company meets the
                         Community Protection in           Services Sector.                                   done no later than July 10 of the                                                               • Must have a minimum of 1 expert specifically         requirements of this regulation.
                         the Financial Services Sector   • Minimum       standard      requirements   for     year.                                                                                             assigned to Sharia Unit.
                         (POJK 22/2023)                    standard agreements related to products          • Ensuring      follow-up      and                                                                • The obligation to fulfill minimum equity is
                                                           and services.                                      resolution of complaints within                                                                   divided into 2 stages:
                                                         • Change of the deadline for submitting the          10 working days, extendable by                                                                    a) The first stage is no later than December 31,
                                                           Realization Report of Financial Literacy and       an additional 10 working days.                                                                       2026:
                                                           Financial Inclusion from the previous date of                                                                                                           - Conventional: minimum of Rp500 billion.
                                                           July 31 to July 10 of the year.                                                                                                                         - Sharia: minimum of Rp200 billion.
                                                         • Change of the Complaint Service Report                                                                                                               b) The second stage is no later than
                                                           period from quarterly to semi-annual.                                                                                                                   December 31, 2028, based on Grouping:
                                                         • Companies are required to follow up and                                                                                                                 - Conventional: minimum of Rp1 trillion.
                                                           resolve Complaints in writing no later than 10                                                                                                          - Sharia: minimum of Rp500 billion.
                                                           working days from the complete document
                                                           receipt date and can be extended for an
                                                           additional 10 working days.
                                                                                                                                                  Perubahan Kebijakan Akuntansi                                                 Changes to Accounting Policy
22 Desember 2023         Peraturan Otoritas Jasa         • Peraturan ini menggantikan Peraturan             • Perseroan telah memiliki sistem
                         Keuangan No. 23 Tahun             Otoritas Jasa Keuangan No. 67 Tahun                informasi yang memadai untuk
                         2023 tentang Perizinan            2016 tentang Izin Usaha Perusahaan                 memperoleh, memelihara, dan         Penerapan dari standar dan interpretasi baru/revisi, yang                     The application of new/revised standards and interpretations,
                         Usaha dan Kelembagaan             Perasuransian, Asuransi Syariah Perusahaan,        memproses informasi mengenai        relevan dengan operasional Perseroan, yang telah diterbitkan                  which are relevant to the Company’s operations, were issued on,
                         Perusahaan Asuransi,              Perusahaan Reasuransi, dan Perusahaan              objek asuransi.
                         Perusahaan Asuransi               Reasuransi Syariah (POJK 67/2016).               • Menetapkan        biaya  akuisisi   dan efektif sejak tanggal 1 Januari 2023 sebagai berikut:                     and have been effective since January 1, 2023, are as follows:
                         Syariah, Perusahaan             • Agen asuransi harus terdaftar di OJK dan           produk Asuransi Jiwa Kredit
                         Reasuransi, dan Perusahaan        harus memiliki sertifikat keagenan dari            untuk pertama kali maksimal
                         Reasuransi Syariah                Lembaga Sertifikasi Profesi (LSP) di bidang        10%     dari    tingkat  premi/                         Amandemen ISAK/PSAK                                                       Dampak terhadap Perseroan
                                                           perasuransian.                                     kontribusi.                                            Amendments to ISAK/PSAK                                                       Impact on the Compa
                                                         • Rangkap jabatan Dewan Komisaris sebagai          • Memastikan         kerja   sama
                                                           anggota Dewan Komisaris atau yang setara           pemasaran produk Asuransi Jiwa       Amandemen PSAK 1: Penyajian Laporan Keuangan – Pengungkapan                Amandemen tersebut berdampak pada pengungkapan kebijakan akuntansi
                                                           atau anggota Dewan Pengawas Syariah                Kredit mempunyai perjanjian          Kebijakan Akuntansi                                                        Perseroan, namun tidak berdampak pada pengukuran, pengakuan, atau
                                                           paling banyak 3 perusahaan lain yang:              kerja sama dengan kreditur atau      Amendments to PSAK 1: Presentation of Financial Statements –               penyajian item apapun dalam laporan keuangan Perseroan.
                                                           a) Bukan merupakan perusahaan asuransi;            pemasar.                             Disclosure of Accounting Policies                                          The amendment impacts the disclosure of the Company’s accounting
                                                              dan/atau                                      • Mengkinikan data profil risiko                                                                                  policies, however, it does not affect the measurement, recognition, or
                                                           b) Merupakan perusahaan asuransi yang tidak        produk Asuransi Jiwa Kredit.                                                                                    presentation of any items in the Company’s financial statements.
                                                              bergerak pada bidang usaha yang sama.                                                Amandemen PSAK 16: Aset Tetap – Hasil sebelum Penggunaan yang              Tidak berdampak signifikan.
                                                         • Tenaga kerja asing yang dipekerjakan oleh                                               Diintensikan
                                                           perusahaan hanya dapat dipekerjakan untuk
                                                           jangka waktu paling lama 3 tahun dan dapat                                              Amendments to PSAK 16: Fixed Assets – Proceeds before Intended Use         No significant impact.
                                                           diperpanjang 1 kali untuk jangka waktu                                                  Amandemen PSAK 25: Kebijakan Akuntansi, Perubahan Estimasi                 Tidak berdampak signifikan.
                                                           paling lama 1 tahun.                                                                    Akuntansi, dan Kesalahan terkait Definisi Estimasi Akuntansi
                                                         • Wajib memiliki minimal 1 orang tenaga ahli                                              Amendments to PSAK 25: Accounting Policies, Changes in Accounting          No significant impact.
                                                           yang khusus ditugaskan pada Unit Syariah.                                               Estimates, and Errors Related to the Definition of Accounting Estimates
                                                         • Kewajiban pemenuhan ekuitas minimum
                                                           dibagi menjadi 2 tahap:                                                                 Amandemen PSAK 46: Pajak Penghasilan – Pajak Tangguhan terkait Aset        Tidak berdampak signifikan.
                                                           a) Tahap pertama paling lambat 31 Desember                                              dan Liabilitas yang Timbul dari Transaksi Tunggal
                                                              2026:                                                                                Amendments to PSAK 46: Income Taxes – Deferred Tax related to Assets       No significant impact.
                                                              - Konvensional: mininum Rp500 miliar.                                                and Liabilities Arising from Single Transactions
                                                              - Syariah: mininum Rp200 miliar.                                                     Amandemen PSAK 46: Pajak Penghasilan – Reformasi Pajak Internasional       Tidak berdampak signifikan.
                                                           b) Tahap kedua paling lambat tanggal                                                    – Ketentuan Model Pilar Dua
                                                              31    Desember      2028,    berdasarkan
                                                              Pengelompokan:                                                                       Amendments to PSAK 46: Income Taxes – International Tax Reform –           No significant impact.
                                                              - Konvensional: minimum Rp1 triliun.                                                 Pillar Two Model Provisions
                                                              - Syariah: minimum Rp500 miliar.



         PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
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      Tata Kelola
      Perusahaan
      Good Corporate Governance




      05
      PT MSIG Life Insurance Indonesia Tbk   PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                                                                  Good Corporate
        Perusahaan                                                                                                                                                                                                                                                                                      Governance




Komitmen dan Prinsip Penerapan GCG                                                                                                                          Struktur GCG
Commitment and Principles of GCG Implementation                                                                                                             GCG Structure



                                                                                                                                                                                                                                        Organ Utama
Perseroan berkomitmen untuk mengimplementasikan prinsip-                    The Company is committed to implementing the principles
                                                                                                                                                                                                                                         Main Organ
prinsip tata kelola perusahaan yang baik (good corporate                    of good corporate governance (GCG) in every aspect of its
governance/GCG) dalam setiap aspek operasional usaha guna                   business operations to create sustainable added value for
menciptakan nilai tambah berkelanjutan bagi seluruh pemangku                all stakeholders. The Company is also optimistic that with
                                                                                                                                                                                                                               Rapat Umum Pemegang Saham
kepentingan. Perseroan juga optimis dengan penerapan GCG                    consistent and accountable implementation of GCG, healthy
                                                                                                                                                                                                                               General Meeting of Shareholders
yang konsisten dan akuntabel maka tujuan bisnis yang sehat                  and aligned business objectives can be realized through
dan selaras mampu direalisasikan melalui pertumbuhan yang                   maximum growth both in short- and long-terms. On the other
maksimal dalam jangka pendek maupun jangka panjang. Di sisi                 hand, the development of a good work culture also contributes
lain, pengembangan budaya kerja yang baik turut menciptakan                 to the development of competent resources and enhances                                          Direksi                                               Dewan Pengawas Syariah                                             Dewan Komisaris
pengembangan sumber daya yang kompeten dan meningkatkan                     harmonious relationships between the Company’s internal                                 Board of Directors                                             Sharia Supervisory Board                                        Board of Commissioners
hubungan harmonis antara internal Perseroan maupun terhadap                 stakeholders and other shareholders and stakeholders.
pemegang saham dan pemangku kepentingan lainnya.
                                                                                                                                                                                                                                     Check and Balance
Hal tersebut diselaraskan dengan pedoman dan standar GCG                    This is aligned with the guidelines and standards of GCG by
yang berlaku melalui implementasi 4 prinsip yang diatur dalam               implementing the 4 principles outlined in the 2021 General
Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021,                    Guidelines for Corporate Governance in Indonesia (PUGKI),                                                                                                Presiden Direktur

yaitu perilaku beretika, akuntabilitas, transparansi, serta                 namely ethical behavior, accountability, transparency, and                                                                                               President Director

keberlanjutan. Penerapan prinsip-prinsip tersebut dilakukan                 sustainability. The implementation of these principles involves
dengan melibatkan seluruh manajemen dan karyawan                            the entire management and employees of the Company, as
Perseroan sebagaimana dijelaskan pada tabel berikut ini:                    explained in the following table:                                                                         Director & Chief
                                                                                                                                                                                                            Director & Chief      Director and Chief      Director &            Deputy
                                                                                                                                                                                         Corporate,                                                                           President
                                                                                                                                                                                                            Transformation           Operating &          Chief Risk
                                                                                                                                                                                      Sharia & Agency                                                                         Director &
                                                                                                                                                                                                                Officer               IT Officer           Officer
                                                                                                                                                                                          Officer                                                                           Chief Financial
   Prinsip GCG                                                                 Uraian
  GCG Principles                                                             Description
                                                                                                                                                                                                     Chief
                                                                                                                                                                                                                           Chief              Chief Customer
 Perilaku Beretika    Perseroan senantiasa mengedepankan kejujuran, memperlakukan semua pihak dengan hormat, memenuhi komitmen,                                                                   Compliance,
                                                                                                                                                                                                                        Partnership            & Marketing         Chief Human             Chief
                                                                                                                                                                                                   Legal, and
 Ethical Behavior     membangun serta menjaga nilai-nilai moral, dan kepercayaan secara konsisten. Perseroan juga memperhatikan kepentingan                                                        Corporate
                                                                                                                                                                                                                        Distribution              Officer         Capital Officer        Actuarial
                      pemegang saham dan pemangku kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan dan dikelola secara                                                                                       Officer               (Caretaker)
                                                                                                                                                                                                   Secretary
                      independen, sehingga masing-masing organ perusahaan tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.
                      The Company always upholds honesty, treats all parties with respect, fulfills its commitments, builds and maintains moral
                      values, and trust consistently. The Company also considers the interests of shareholders and other stakeholders based on
                                                                                                                                                                                                     Sekretaris Perusahaan                                         Audit Internal
                      principles of fairness and equality as well as manages them independently, so that each corporate organ does not dominate
                      the other and cannot be intervened by other parties.                                                                                                                               Corporate Secretary                                       Internal Audit

 Akuntabilitas        Perseroan dapat mempertanggungjawabkan kinerja secara transparan dan wajar. Untuk itu, Perseroan harus dikelola secara
 Accountability       benar, terukur, dan sesuai dengan kepentingan perusahaan dengan tetap memperhitungkan kepentingan pemegang saham
                      dan pemangku kepentingan. Akuntabilitas merupakan prasyarat yang diperlukan untuk mencapai kinerja yang berkelanjutan.
                      The Company can be accountable for its performance transparently and reasonably. Therefore, the Company must be managed
                      properly, measured, and in accordance with the interests of the company while still considering the interests of shareholders                                                                                  Organ Pendukung
                      and stakeholders. Accountability is a prerequisite for achieving sustainable performance.                                                                                                                      Supporting Organ
 Transparansi         Untuk menjaga objektivitas dalam menjalankan bisnis, Perseroan menyediakan informasi yang material dan relevan
 Transparency         dengan cara yang mudah diakses dan dipahami oleh pemangku kepentingan. Perseroan juga mengambil inisiatif untuk
                      mengungkapkan tidak hanya masalah yang disyaratkan oleh peraturan perundang-undangan, tetapi juga hal yang penting
                      untuk pengambilan keputusan oleh pemegang saham, kreditur, dan pemangku kepentingan lainnya.                                                                      Komite Teknologi
                                                                                                                                                         Komite Investasi                 Informasi dan
                      To maintain objectivity in conducting business, the Company provides relevant material and information in an easily accessible      dan Keuangan                                                                                                              Komite Audit              Komite Pemantau Risiko
                                                                                                                                                                                           Operasional
                      and understandable manner for stakeholders. The Company also takes the initiative to disclose not only issues required by                                                                                                                                                                   Risk Oversight
                                                                                                                                                          Investment and                   Information                                                                          Audit Committee                    Committee
                      regulations but also matters crucial for decision making by shareholders, creditors, and other stakeholders.                      Finance Committee                Technology and
                                                                                                                                                                                      Operations Committee
 Keberlanjutan        Perseroan mematuhi peraturan perundang-undangan serta berkomitmen melaksanakan tanggung jawab terhadap
 Sustainability       masyarakat dan lingkungan agar berkontribusi pada pembangunan berkelanjutan melalui kerja sama dengan semua
                      pemangku kepentingan terkait untuk meningkatkan kehidupan mereka dengan cara yang selaras dengan kepentingan bisnis                                                                                                                                    Komite Kebijakan Tata
                                                                                                                                                          Komite Produk                 Komite Manajemen                                                                                                        Komite Nominasi dan
                      dan agenda pembangunan berkelanjutan.                                                                                                                                                                                                                   Kelola Perusahaan
                                                                                                                                                         dan Pemasaran                        Risiko                                                                                                                Remunisasi
                      The Company complies with laws and regulations as well as is committed to fulfilling its responsibilities to society and the                                                                                                                             Good Corporate
                                                                                                                                                           Product and                  Risk Management                                                                                                           Nomination and
                                                                                                                                                                                                                                                                                 Governance
                      environment in order to contribute to sustainable development through cooperation with all relevant stakeholders to improve      Marketing Committee                 Committee                                                                                                           Remuneration Committee
                                                                                                                                                                                                                                                                                 Committee
                      their lives in a way that is aligned with business interests and the sustainable development agenda.


                                                                                                                                                                      Komite Sumber Daya
                                                                                                                                                                           Manusia
                                                                                                                                                                        Human Capital
                                                                                                                                                                         Committee



           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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          Tata Kelola                                                                                                                                                                                                                                                         Good Corporate
          Perusahaan                                                                                                                                                                                                                                                             Governance




Penilaian Penerapan GCG
Assessment of GCG Implementation


Penilaian terhadap penerapan GCG dilakukan Perseroan                       The assessment of GCG implementation by the Company                        Dengan mata acara rapat sebagai berikut:                                    With the following agenda items:
dengan berpedoman pada Peraturan Otoritas Jasa Keuangan                    is conducted based on the Financial Services Authority                     1. Persetujuan Laporan Tahunan Perseroan yang telah                         1. Approval of the Company’s Annual Report, which has
No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang                    Regulation No. 73/POJK.05/2016 on Good Corporate                              ditelaah oleh Dewan Komisaris, termasuk Laporan Tugas                        been reviewed by the Board of Commissioners, including
Baik bagi Perusahaan Perasuransian dan Peraturan Otoritas                  Governance for Insurance Companies and Financial Services                     Pengawasan Dewan Komisaris dan Pengesahan Laporan                            the Board of Commissioners’ Supervisory Report, and
Jasa Keuangan No. 28/POJK.05/2020 tentang Penilaian                        Authority Regulation No. 28/POJK.05/2020 on Assessment of                     Keuangan Perseroan untuk tahun buku yang berakhir pada                       Ratification of the Company’s Financial Statements for the
Tingkat Kesehatan Lembaga Jasa Keuangan Non-Bank.                          Non-Bank Financial Institution Health Level. This assessment                  tanggal 31 Desember 2022;                                                    financial year ended on December 31, 2022;
Penilaian tersebut dilakukan secara tahunan untuk mengetahui               is carried out annually to determine the effectiveness of GCG              2. Persetujuan penetapan penggunaan laba bersih                             2. Approval of the utilization of the Company’s net profit for
efektivitas penerapan GCG di Perseroan, serta sebagai bahan                implementation in the Company and serves as an evaluation                     Perseroan untuk tahun buku yang berakhir pada tanggal                        the fiscal year ending on Decem-ber 31, 2022;
evaluasi untuk meningkatkan kualitas penerapan GCG di                      material to improve the quality of GCG implementation in                      31 Desember 2022;
periode selanjutnya. Pada tahun 2023, hasil self-assessment GCG            subsequent periods. In 2023, the results of the Company’s                  3. Persetujuan pendelegasian wewenang kepada Dewan                          3. Approval of the delegation of authority to the Board of
Perseroan dapat dinyatakan Baik, yang mana telah memenuhi                  GCG self-assessment can be categorized as Good, indicating                    Komisaris atas usulan Komite Nominasi dan Remunerasi                        Commissioners upon the proposal of the Company’s
berbagai ketentuan yang bersifat fundamental.                              compliance with various fundamental provisions.                               Perseroan mengenai penetapan gaji, tunjangan, tantiem,                      Nomination and Remuneration Committee regarding the
                                                                                                                                                         dan/atau bonus kepada para anggota Direksi dan Dewan                        determination of salaries, allowances, profit shares, and/
                                                                                                                                                         Komisaris Perseroan untuk tahun buku 2023;                                  or bonuses for the members of the Company’s Board of
                                                                                                                                                                                                                                     Directors and Board of Commissioners for the financial
                                                                                                                                                                                                                                     year 2023;
                                                                                                                                                      4. Persetujuan pendelegasian wewenang kepada Dewan                          4. Approval of the delegation of authority to the Company’s

Rapat Umum Pemegang Saham                                                                                                                                Komisaris Perseroan untuk menunjuk Akuntan Publik yang
                                                                                                                                                         akan memeriksa Laporan Keuangan Perseroan tahun buku
                                                                                                                                                                                                                                     Board of Commissioners to appoint a Public Accountant to
                                                                                                                                                                                                                                     audit the Company’s Financial Statements for the financial
General Meeting of Shareholders                                                                                                                          2023; dan                                                                   year 2023; and
                                                                                                                                                      5. Pengangkatan kembali Direksi, Dewan Komisaris, dan                       5. Reappointment of the Board of Directors, Board of
                                                                                                                                                         Dewan Pengawas Syariah (sebagaimana disetujui oleh                          Commissioners, and Sharia Supervisory Board (as approved
Rapat Umum Pemegang Saham (RUPS) merupakan organ                           The General Meeting of Shareholders (GMS) is the highest                      Komite Nominasi dan Remunerasi).                                            by the Nomination and Remuneration Committee).
tertinggi di Perseroan yang memiliki wewenang khusus, yang                 authority in the Company with special authority, which is
tidak diberikan kepada Dewan Komisaris dan/atau Direksi,                   not granted to the Board of Commissioners and/or Board                     Hasil Keputusan RUPS Tahunan 2023
dalam batas yang ditentukan dalam peraturan yang berlaku.                  of Directors, within the limits specified in the applicable                Resolutions of the 2023 Annual GMS
Pelaksanaan RUPS Tahunan wajib diadakan setiap tahun,                      regulations. The Annual GMS must be held annually, no later
selambatnya 6 bulan setelah tahun buku Perseroan berakhir.                 than 6 months after the end of the Company’s financial year.                                                                     Hasil Keputusan                                                               Realisasi
                                                                                                                                                                                                              Resolution                                                                 Realization
Adapun RUPS Luar Biasa dapat diselenggarakan sewaktu-waktu                 Extraordinary GMS may be held at any time as needed for the
sesuai dengan kebutuhan untuk kepentingan Perseroan.                       Company’s interests                                                         Mata Acara Rapat Pertama                                         Agenda - First Item                                              Telah
                                                                                                                                                       1. Menyetujui Laporan Tahunan Perseroan dan Laporan Tugas        1. Approved the Company’s Annual Report and the Board of         direalisasikan
                                                                                                                                                          Pengawasan Dewan Komisaris untuk tahun buku yang                 Commissioners’ Supervisory Report for the financial year      sepenuhnya
                                                                                                                                                          berakhir pada tanggal 31 Desember 2022;                          ended on December 31, 2022;                                   Have been
Pelaksanaan RUPS Tahunan 2023                                              Implementation of 2023 Annual GMS                                           2. Mengesahkan Laporan Keuangan Perseroan untuk tahun            2. Ratified the Company’s Consolidated Financial Statements      fully realized
                                                                                                                                                          buku yang berakhir pada tanggal 31 Desember 2022 yang            for the financial year ended on December 31, 2022,
                                                                                                                                                          telah diaudit oleh Kantor Akuntan Publik Purwantono,             which have been audited by the Public Accounting Firm
Selama tahun 2023, Perseroan telah menyelenggarakan RUPS                   Throughout 2023, the Company held its Annual GMS with the                      Sungkoro & Surja (anggota dari Ernst & Young Global) sesuai      Purwantono, Sungkoro & Surja (a member of Ernst &
Tahunan dengan rincian pelaksanaan sebagaimana diuraikan                   following details:                                                             dengan Laporan Auditor Independen No. 00558/2.1032/              Young Global) in accordance with Independent Auditor’s
                                                                                                                                                          AU.1/08/0240-1/1/III/2023 tanggal 31 Maret 2023, dengan          Report No. 00558/2.1032/AU.1/08/0240-1/1/III/2023 dated
di bawah ini:
                                                                                                                                                          pendapat wajar dalam semua hal yang material sesuai              March 31, 2023, with an unqualified opinion on all material
                                                                                                                                                          dengan Standar Akuntansi Keuangan di Indonesia; dan              respects in accordance with Financial Accounting Standards
RUPS Tahunan 2023                                                                                                                                                                                                          in Indonesia; and
                                                                                                                                                       3. Memberikan pelunasan dan pembebasan sepenuhnya                3. Granted full release and discharge (acquit et de charge)
2023 Annual GMS                                                                                                                                           dari tanggung jawab (acquit et de charge) kepada seluruh         to all members of the Company’s Board of Directors from
                                                                                                                                                          anggota Direksi Perseroan atas tindakan pengurusan dan           management actions and to all members of the Company’s
 Hari/Tanggal
                                      Selasa, 27 Juni 2023                                                                                                kepada seluruh anggota Dewan Komisaris Perseroan atas            Board of Commissioners from supervisory actions carried
 Day/Date
                                                                                                                                                          tindakan pengawasan yang telah dijalankan selama tahun           out throughout the financial year 2022, to the extent such
 Waktu                                                                                                                                                    buku 2022, sejauh tindakan tersebut tercermin dalam              actions are reflected in the Company’s Financial Statements
                                      14.20 WIB – 14.59 WIB
 Time                                                                                                                                                     Laporan Keuangan Perseroan tahun buku 2022.                      for the financial year 2022.
                                      Sinarmas Land Plaza, Tower II, Lantai 39
 Tempat
                                      Jl. M.H. Thamrin No. 51
 Venue
                                      Jakarta Pusat
 Pemegang Saham                       1.680.077.310 saham dari total 2.100.000.000 saham
 Shareholders                         1.680.077.310 shares of total 2,100,000,000 shares
 Penunjukkan Pihak Independen         Perseroan telah menunjuk pihak independen, yaitu Notaris Aryanti Artisari, S.H., M.Kn dan PT Sinartama Gunita
 dalam RUPS Tahunan                   selaku Biro Administrasi Efek untuk melakukan proses perhitungan suara dan/atau melakukan validasi.
 Appointment of Independent           The Company has appointed independent parties, namely Aryanti Artisari, S.H., M.Kn., and PT Sinartama Gunita,
 Parties in Annual GMS                as the Share Registrar Bureau, to conduct the vote counting process and/or validation.



            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                                              Good Corporate
        Perusahaan                                                                                                                                                                                                                                                                  Governance




                                                       Hasil Keputusan                                                                 Realisasi                                                            Hasil Keputusan                                                                  Realisasi
                                                         Resolution                                                                   Realization                                                             Resolution                                                                    Realization

Mata Acara Rapat Kedua                                             Agenda - Second Item                                               Telah            Mata Acara Rapat Ketiga                                          Agenda - Third Item                                                 Telah
1. Menetapkan bahwa sesuai dengan Laporan Keuangan                 1. Approved to determine that, as per the Company’s Financial      direalisasikan   1. Memberikan wewenang kepada Dewan Komisaris atas               1. Authorized the Board of Commissioners, upon the proposal of      direalisasikan
   Perseroan untuk tahun buku yang berakhir pada tanggal              Statements for the financial year ending on December            sepenuhnya          usulan Komite Nominasi dan Remunerasi untuk menetapkan           the Nomination and Remuneration Committee, to determine          sepenuhnya
   31 Desember 2022, yang telah diaudit oleh Kantor Akuntan           31, 2022, audited by Public Accounting Firm Purwantono,         Have been           gaji, tunjangan, tantiem, dan/atau bonus kepada para             the salaries, allowances, profit shares, and/or bonuses to the   Have been
   Publik Purwantono, Sungkoro & Surja (anggota dari Ernst &          Sungkoro & Surja (member of Ernst & Young Global), the          fully realized      anggota Direksi Perseroan untuk tahun buku 2023 dengan           Board of Directors’ members for the financial year 2023 by       fully realized
   Young Global), laba bersih Perseroan dalam tahun buku yang         Company’s net profit in the financial year ended December                           memperhatikan kondisi keuangan Perseroan; dan                    considering the Company’s financial condition; and
   berakhir pada tanggal 31 Desember 2022 adalah sebesar              31, 2022, was Rp367,773,000,000(Three Hundred Sixty-                             2. Memberikan wewenang kepada Dewan Komisaris atas               2. Authorized the Board of Commissioners, upon the proposal
   Rp367.773.000.000,- (Tiga Ratus Enam Puluh Tujuh Miliar Tujuh      Seven Billion Seven Hundred Seventy-Three Million Rupiah)                           usulan Komite Nominasi dan Remunerasi untuk menetapkan           of the Nomination and Remuneration Committee, to
   Ratus Tujuh Puluh Tiga Juta Rupiah) (“Laba Bersih 2022”);          (“Net Profit 2022”);                                                                gaji atau honorarium, tunjangan, tantiem, dan/atau bonus         determine the salaries or honorariums, allowances, profit
2. Menetapkan penggunaan laba sebagai berikut:                     2. Approved the appropriation of 2021 net profit as follows:                           kepada para anggota Dewan Komisaris Perseroan untuk              shares, and/or bonuses the members of the Company’s
   a. Menetapkan sejumlah Rp4.500.000.000,- (Empat Miliar             a. Allocate an amount of Rp4,500,000,000 from the                                   tahun buku 2023 dengan memperhatikan kondisi keuangan            Board of Commissioners for the financial year 2023 by
      Lima Ratus Juta Rupiah) dari sisa Laba Bersih 2022 dari            remaining net profit for 2022, which has not been                                Perseroan.                                                       considering the Company’s financial condition.
      sisa laba bersih 2022 yang belum dibagikan dan belum               appropriated and its usage has not been determined, as                        Mata Acara Rapat Keempat                                         Agenda - Fourth Item                                                Telah
      ditentukan penggunaannya sebagai tambahan cadangan                 an additional general reserve of the company;                                 1. Memberikan wewenang kepada Dewan Komisaris untuk              1. Authorized the Board of Commissioners to appoint an              direalisasikan
      umum Perseroan;                                                                                                                                     menunjuk Akuntan Publik Independen dari Kantor Akuntan           Independent Public Accountant from an Independent                sepenuhnya
   b. Sebesar Rp371.700.000.000,- (Tiga Ratus Tujuh Puluh            b. An amount of Rp371,700,000,000 (Three Hundred Seventy-                            Publik Independen yang terdaftar di Otoritas Jasa Keuangan       Public Accounting Firm registered in Financial Services
      Satu Miliar Tujuh Ratus Juta Rupiah) atau sebesar Rp177,-         One Billion Seven Hundred Million Rupiah) or Rp177 (One                                                                                                                                                             Have been
                                                                                                                                                          sehubungan dengan proses seleksi Akuntan Publik untuk            Authority to audit the Company’s Financial Statements            fully realized
      (Seratus Tujuh Puluh Tujuh Rupiah) per saham yang berasal         Hundred Seventy-Seven Rupiah) per share from the Net                              mengaudit Laporan Keuangan Perseroan untuk tahun buku            for the financial year ended on December 31, 2023, with
      dari Laba Bersih 2022 dan akumulasi sisa laba tahun               Profit of 2022 and the accumulated retained earnings from                         yang berakhir pada tanggal 31 Desember 2023, yang masih          criteria: The Public Accountant and Public Accounting
      sebelumnya akan dibagikan sebagai dividen tunai kepada            previous years will be distributed as cash dividends to the                       berlangsung dengan kriteria: Akuntan Publik dan Kantor           Firm must be registered in Financial Services Authority,
      para pemegang saham. Jumlah dividen tunai tersebut                Shareholders. The total cash dividends amounted to 101%                           Akuntan Publik wajib terdaftar pada Otoritas Jasa Keuangan,      and are independent and professional parties to audit
      setara dengan 101% dari Laba Bersih 2022;                         of the Net Profit of 2022;                                                        dan merupakan pihak yang independen dan profesional              the Company’s Financial Statements for the financial year
   c. Atas pembayaran dividen tunai tersebut berlaku syarat          c. Terms and conditions for the payment of cash dividends                            untuk mengaudit Laporan Keuangan Perseroan yang berakhir         ended on December 31, 2023, by considering the Audit
      dan ketentuan sebagai berikut:                                    are as follows:                                                                   pada tanggal 31 Desember 2023, dengan memerhatikan               Committee’s recommendations; and
      • Dividen tunai untuk tahun buku 2022 akan dibayarkan             • Cash dividends for the financial year 2022 are to be                            rekomendasi dari Komite Audit; dan
         untuk setiap saham yang dikeluarkan oleh Perseroan                paid for each share issued by the Company, which                            2. Memberikan wewenang kepada Dewan Komisaris untuk              2. Authorized the Board of Commissioners to determine the
         yang tercatat dalam Daftar pemegang saham                         is recorded in the Company’s Shareholders Register                             menetapkan jumlah honorarium dan persyaratan lainnya             honorarium amount and other requirements related to the
         Perseroan pada tanggal pencatatan (recording date)                on the recording date that will be determined by the                           sehubungan dengan penunjukan Akuntan Publik/Kantor               appointment of the Public Accountant/Public Accounting
         yang akan ditetapkan oleh Direksi;                                Board of Directors;                                                            Akuntan Publik tersebut sesuai dengan ketentuan yang             Firm according to the applicable regulations.
      • Atas pembayaran dividen tunai tahun buku 2022,                  • The Board of Directors is authorized, with substitution                         berlaku.
         Direksi diberi kuasa dengan hak substitusi untuk                  rights, to withhold dividend taxes in accordance with
         melakukan pemotongan pajak dividen sesuai dengan                  applicable tax regulations;                                                 Mata Acara Rapat Kelima                                          Mata Acara Rapat Kelima                                             Telah
         peraturan perpajakan yang berlaku; dan                                                                                                        1. Menyetujui pengangkatan kembali anggota Dewan                 1. Approved the re-appointment of members of the Board of           direalisasikan
      • Direksi diberi kuasa dengan hak substitusi untuk                • The Board of Directors is authorized, with substitution                         Komisaris, anggota Direksi, dan anggota Dewan Pengawas           Commissioners, members of the Board of Direc-tors and            sepenuhnya
         menetapkan hal-hal yang berkaitan dengan pelaksanaan              rights, to determine matters relating to the payment                           Syariah Perseroan yang berlaku efektif terhitung sejak RUPS      members of the Sharia Supervisory Board of the Company           Have been
         pembayaran dividen tunai tahun buku 2022, termasuk                of cash dividends for the financial year 2022, including                       Tahunan pada tahun 2023 sampai dengan penutupan RUPS             effective from the Annual GMS in 2023 until the closing of       fully realized
         namun tidak terbatas untuk menentukan jadwal dan tata             but not limited to determining the schedule and                                Tahunan kedua yang diselenggarakan pada tahun 2025,              the second Annual GMS held in 2025, with the following
         cara pembagian dividen tunai dengan memperhatikan                 procedure for distributing cash dividends with due                             dengan susunan sebagai berikut:                                  composition:
         ketentuan yang diatur dalam Peraturan Otoritas Jasa               observance of the provisions stipulated by the                                 i. Indra Widjaja selaku Presiden Komisaris;                      i. Indra Widjaja as President Commissioner;
         Keuangan, peraturan Bursa Efek Indonesia, dan peraturan           Financial Services Authority regulations, Indonesia                            ii. Toshinari Tokoi selaku Komisaris;                            ii. Toshinari Tokoi as Commissioner;
         perundang-undangan terkait lainnya, dan selanjutnya               Stock Exchange regulations, and other relevant                                 iii. Hideaki Nomura selaku Komisaris;                            iii. Hideaki Nomura as Commissioner;
         menyampaikan laporan dan/atau meminta persetujuan                 regulations, then subsequently submit reports and/                             iv. Ardhayadi Mitroatmodjo selaku Komisaris Independen;          iv. Ardhayadi Mitroatmodjo as Independent Commissioner;
         pada pihak yang berwenang, serta melakukan setiap                 or request approvals from the competent authorities,                           v. Sidharta Akmam selaku Komisaris Independen;                   v. Sidharta Akmam as Independent Commissioner;
         dan semua tindakan yang diperlukan sehubungan                     and take any and all necessary actions regarding the                           vi. Herman Sulistyo selaku Direktur;                             vi. Herman Sulistyo as Director;
         dengan pembagian dividen tunai tersebut sesuai dengan             distribution of cash dividends according to applicable                         vii. Andrew Bain selaku Direktur;                                vii. Andrew Bain as Director;
         peraturan perundang-undangan yang berlaku.                        laws and regulations.                                                          viii. Endy Muhammad Astiwara selaku ketua Dewan                  viii. Endy Muhammad Astiwara as chairman of the Sharia
3. Jadwal pembagian dividen                                        3. Dividend Distribution Schedule                                                            Pengawas Syariah; dan                                            Supervisory Board; and
                                                                                                                                                          ix. Ahmadi Sukarno selaku anggota Dewan Pengawas                 ix. Ahmadi Sukarno as member of the Sharia Supervisory
                                           Uraian                                                          Tanggal                                              Syariah.                                                         Board.
                                         Description                                                        Date                                       2. Memberikan ratifikasi dan penegasan atas seluruh tindakan     2. Provided ratification and affirmation for all legal actions
                                                                                                                                                          hukum yang dilakukan oleh Indra Widjaja, Toshinari Tokoi,        carried out by Indra Widjaja, Toshinari Tokoi, Hideaki Nomura,
    Laporan Pembagian Dividen Tunai kepada Bursa Efek Indonesia                                          4 Juli 2023                                      Hideaki Nomura, Ardhayadi Mitroatmodjo, Sidharta Akmam,          Ardhayadi Mitroatmodjo, Sidharta Akmam, Herman Sulistyo,
    Report of Cash Dividend Distribution to the Indonesia Stock Exchange                                 July 4, 2023                                     Herman Sulistyo, Andrew Bain, Endy Muhammad Astiwara,            Andrew Bain, Endy Muhammad Astiwa-ra, Ahmadi Sukarno
                                                                                                                                                          Ahmadi Sukarno sejak ditutupnya RUPS Tahunan pada tahun          from the closing of the Annual GMS in 2021 until the closing
    Pengumuman Pembagian Dividen Tunai                                                                   4 Juli 2023
                                                                                                                                                          2021 sampai dengan ditutupnya rapat ini;                         of this meeting;
    Announcement of Cash Dividend Distribution                                                           July 4, 2023
                                                                                                                                                       3. Untuk selanjutnya susunan anggota Direksi, Dewan              3. Furthermore, the composition of the Board of Directors,
    Tanggal Cum Dividen di Pasar Reguler dan Negosiasi                                                   10 Juli 2023                                     Komisaris, Dewan Pengawas Syariah Perseroan menjadi              Board of Commissioners, and Sharia Supervisory Board of
    Cum Dividend Date in Regular and Negotiation Market                                                  July 10, 2023                                    sebagai berikut:                                                 the Company shall be as follows:
    Tanggal Ex Dividen di Pasar Reguler dan Negosiasi                                                    11 Juli 2023                                     Direksi                                                          Board of Directors
    Ex Dividend Date in Regular and Negotiation Market                                                   July 11, 2023                                    Presiden Direktur        : Wianto                                President Director        : Wianto
                                                                                                                                                          Wakil Presiden Direktur : Satoshi Shiratani                      Vice President Director : Satoshi Shiratani
    Tanggal Cum Dividen di Pasar Tunai                                                                   12 Juli 2023                                     Direktur                 : Herman Sulistyo                       Director                  : Herman Sulistyo
    Cum Dividend Date in Cash Market                                                                     July 12, 2023                                    Direktur                 : Tomoyuki Monden                       Director                  : Tomoyuki Monden
    Tanggal Ex Dividen di Pasar Tunai                                                                    13 Juli 2023                                     Direktur                 : Andrew Bain                           Director                  : Andrew Bain
    Ex Dividend Date in Cash Market                                                                      July 13, 2023                                    Direktur                 : Ken Terada                            Director                  : Ken Terada
    Tanggal Daftar pemegang saham yang berhak atas Dividen Tunai (Recording Date)                        12 Juli 2023
    Date of Shareholders’ Register entitled to Cash Dividend (Recording Date)                            July 12, 2023
    Tanggal Pembayaran Dividen Tunai Tahun Buku 2022                                                     28 Juli 2023
    Date of Cash Dividend Payment for Financial Year 2022                                                July 28, 2023




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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          Tata Kelola                                                                                                                                                                                                                                                                Good Corporate
          Perusahaan                                                                                                                                                                                                                                                                    Governance




                                                       Hasil Keputusan                                                                 Realisasi                                                                  Hasil Keputusan                                                                Realisasi
                                                         Resolution                                                                   Realization                                                                   Resolution                                                                  Realization

   Dewan Komisaris                                                   Board of Commissioners                                                               Mata Acara Rapat Pertama                                            Agenda - First Item                                               Telah
   Presiden Komisaris      : Indra Widjaja                           President Commissioner   : Indra Widjaja                                             1. Menyetujui perubahan nama Perseroan yang semula                  1. Approved the change of the Company’s name from                 direalisasikan
   Komisaris               : Toshinari Tokoi                         Commissioner             : Toshinari Tokoi                                              bernama PT Asuransi Jiwa Sinarmas MSIG Tbk menjadi                  PT Asuransi Jiwa Sinarmas MSIG Tbk to PT MSIG Life             sepenuhnya
   Komisaris               : Hideaki Nomura                          Commissioner             : Hideaki Nomura                                               PT MSIG Life Insurance Indonesia Tbk;                               Insurance Indonesia Tbk;                                       Have been
   Komisaris Independen    : Ardhayadi Mitroatmodjo                  Independent Commissioner : Ardhayadi Mitroatmodjo                                    2. Menyetujui perubahan alamat kantor pusat Perseroan semula        2. Approved the change of the Company’s head office address       fully realized
   Komisaris Independen    : Sidharta Akmam                          Independent Commissioner : Sidharta Akmam                                               berkedudukan di Jakarta Pusat beralamat di Wisma Eka Jiwa           from its previous location in Central Jakarta at Wisma Eka
   Komisaris Independen    : Nazly Parlindungan Siregar              Independent Commissioner : Nazly Parlindungan Siregar                                   Lt. 8-9, Jl. Mangga Dua Raya, Jakarta Pusat 10730 menjadi           Jiwa Lt. 8-9, Jl. Mangga Dua Raya, Central Jakarta 10730 to
                                                                                                                                                             berkedudukan di Jakarta Selatan beralamat di Sinarmas MSIG          its new location in South Jakarta at Sinarmas MSIG Tower,
   Dewan Pengawas Syariah                                            Sharia Supervisory Board                                                                Tower Lt. 6, Jl. Jend. Sudirman Kav 21, Jakarta Selatan 12920;      6th Floor, Jl. Jend. Sudirman Kav 21, South Jakarta 12920;
   Ketua               : Endy Muhammad Astiwara                      Chairman                 : Endy Muhammad Astiwara                                    3. Menyetujui perubahan Anggaran Dasar Perusahaan pada Pasal        3. Approved the amendment of the Company’s Articles of
   Anggota             : Ahmadi Sukarno                              Member                   : Ahmadi Sukarno                                               1 Ayat (1) dengan mengubah nama Perseroan PT Asuransi Jiwa          Association in Article 1 Paragraph (1) by changing the name
                                                                                                                                                             Sinarmas MSIG Tbk menjadi PT MSIG Life Insurance Indonesia          of the Company from PT Asuransi Jiwa Sinarmas MSIG Tbk
 4. Memberikan kuasa dengan hak substitusi kepada Direksi         4. Grant power of attorney with substitution rights to the                                 Tbk serta mengubah tempat kedudukan yang semula                     to PT MSIG Life Insurance Indonesia Tbk and changing the
    dan/atau Chief Compliance, Legal & Corporate Secretary           Board of Directors and/or Chief Compliance, Legal &                                     berkedudukan di Jakarta Pusat (Wisma Eka Jiwa) menjadi              registered office from Central Jakarta (Wisma Eka Jiwa) to
    untuk menyatakan kembali seluruh maupun sebagian                 Corporate Secretary to restate all or part of this meeting                              berkedudukan di Jakarta Selatan (Sinarmas MSIG Tower); dan          South Jakarta (Sinarmas MSIG Tower); and
    keputusan rapat ini ke dalam akta notaris dan selanjutnya        resolutions into a notarial deed and subsequently notify the                         4. Memberikan kuasa dengan hak substitusi kepada Direksi            4. Authorized the Board of Directors and/or Chief Compliance,
    memberitahukan susunan pengurus perusahaan tersebut              composition of the Company’s manage-ment to the Ministry                                dan/atau Chief Compliance, Legal & Corporate Secretary untuk        Legal & Corporate Secretary, with substitution rights, to
    kepada Kementerian Hukum dan Hak Asasi Manusia Republik          of Law and Human Rights of the Republic of Indonesia and                                menyatakan kembali seluruh maupun sebagian keputusan                restate entire or part of the resolutions of this meeting in
    Indonesia maupun instansi-instansi lainnya, serta melakukan      other rele-vant authorities, as well as take all necessary                              rapat ini ke dalam akta notaris, menyatakan kembali                 a notarial deed, restate the entire Articles of Association,
    segala tindakan yang diperlukan sesuai dengan ketentuan          actions in accordance with applicable laws and regulations.                             keseluruhan Anggaran Dasar serta mengajukan permohonan              and submit applications for approval of the amendment to
    peraturan perundang-undangan yang berlaku.                                                                                                               persetujuan atas perubahan Anggaran Dasar Perusahaan                the Articles of Association of the Company to the Ministry
                                                                                                                                                             tersebut kepada Kementerian Hukum dan Hak Asasi Manusia             of Law and Human Rights of the Republic of Indonesia and
                                                                                                                                                             Republik Indonesia maupun instansi-instansi lainnya, serta          other authorities, and take all necessary actions according
                                                                                                                                                             melakukan segala tindakan yang diperlukan sesuai dengan             to the provisions of applicable laws and regulations.
                                                                                                                                                             ketentuan peraturan perundang-undangan yang berlaku.
Pelaksanaan RUPS Luar Biasa 2023                                              Implementation of 2023 Extraordinary GMS                                    Mata Acara Rapat Kedua                                              Agenda - Second Item                                              Telah
                                                                                                                                                          1. Menyetujui perubahan logo Perseroan serta penyesuaian            1. Approved the change of the Company’s logo and the              direalisasikan
Selama tahun 2023, Perseroan telah menyelenggarakan 1                         In 2023, the Company held Extraordinary GMS once. The                          logo baru dalam seluruh dokumen internal maupun                     adaptation of the new logo in all internal and external        sepenuhnya
                                                                                                                                                             eksternal Perseroan, termasuk melakukan keterbukaan                 Company documents, including disclosure of information,        Have been
kali RUPS Luar Biasa. Pelaksanaan RUPS Luar Biasa diuraikan                   implementation is described as follows:                                        informasi, menyampaikan pelaporan kepada regulator                  reporting to regulators, and informing stakeholders about      fully realized
sebagai berikut:                                                                                                                                             terkait, serta menginformasikan perubahan logo Perseroan            the change in the Company’s logo.
                                                                                                                                                             kepada para pemangku kepentingan.

RUPS Luar Biasa 2023
2023 Extraordinary GMS
 Hari/Tanggal
                                                                                                                                                         Tindak Lanjut Keputusan RUPS Tahun 2022                                         Follow-up of 2022 GMS Resolutions
                                         Selasa, 27 Juni 2023
 Day/Date
 Waktu                                                                                                                                                   Pada tahun 2022, Perseroan menyelenggarakan RUPS                                In 2022, the Company held the Annual GMS on June 22, 2022,
                                         15.13 WIB – 15.28 WIB
 Time                                                                                                                                                    Tahunan pada tanggal 22 Juni 2022 dan 2 kali RUPS Luar                          and two Extraordinary GMS on March 22, 2022, and November
                                         Sinarmas Land Plaza, Tower II, Lantai 39                                                                        Biasa pada tanggal 22 Maret 2022 dan 22 November 2022.                          22, 2022. The venue for all Annual and Extraordinary GMS
 Tempat
                                         Jl. M.H. Thamrin No. 51                                                                                         Tempat pelaksanaan seluruh kegiatan RUPS Tahunan dan                            activities was located at Sinarmas Land Plaza, Tower II, 39th
 Venue
                                         Jakarta Pusat
                                                                                                                                                         RUPS Luar Biasa berlokasi di Sinarmas Land Plaza, Tower II,                     Floor, Jl. M.H. Thamrin No. 51, Jakarta Pusat. All resolutions
 Pemegang Saham                          1.680.077.310 saham dari total 2.100.000.000 saham
 Shareholders                            1.680.077.310 shares of total 2,100,000,000 shares                                                              Lantai 39, Jl. M.H. Thamrin No. 51, Jakarta Pusat. Adapun                       made during the Annual and Extraordinary GMS in 2022 have
 Penunjukkan Pihak Independen            Perseroan telah menunjuk pihak independen, yaitu Notaris Aryanti Artisari, S.H., M.Kn dan PT Sinartama Gunita   seluruh keputusan RUPS Tahunan dan RUPS Luar Biasa 2022                         been fully implemented until 2023.
 dalam RUPS Tahunan                      selaku Biro Administrasi Efek untuk melakukan proses perhitungan suara dan/atau melakukan validasi.             telah direalisasikan sepenuhnya hingga tahun 2023.
 Appointment of Independent              The Company has appointed independent parties, namely Aryanti Artisari, S.H., M.Kn., and PT Sinartama Gunita,
 Parties in Annual GMS                   as the Share Registrar Bureau, to conduct the vote counting process and/or validation.
                                                                                                                                                         Penunjukkan Pihak Independen dalam RUPS                                         Appointment of Independent Parties in 2022 GMS
                                                                                                                                                         Tahun 2022
Dengan mata acara rapat sebagai berikut:                                      With the following meeting agenda items:                                   Perseroan telah menunjuk pihak independen, yaitu Notaris                        The Company appointed independent parties, Notary Aulia
1. Persetujuan atas perubahan Pasal 1 Ayat (1) Anggaran                       1. Approval of changes to Article 1 Paragraph (1) of the                   Aulia Taufani, S.H. dan PT Sinartama Gunita selaku Biro                         Taufani, S.H., and PT Sinartama Gunita, asthe Share Registrar
   Dasar Perseroan mengenai nama dan tempat kedudukan;                           Company’s Articles of Association related to the name and               Administrasi Efek untuk melakukan proses penghitungan                           bureau, to conduct the vote counting process and/or
   dan                                                                           place of domicile; and                                                  suara dan/atau melakukan validasi.                                              validation.
2. Persetujuan atas perubahan logo Perseroan.                                 2. Approval of the change in the Company’s logo.
                                                                                                                                                         Agenda Rapat RUPS Tahunan 22 Juni 2022                                          Meeting Agenda of Annual GMS dated June 22, 2022
                                                                                                                                                         1. Persetujuan Laporan Tahunan Perseroan yang ditelaah                          1. Approval of the Company’s Annual Report reviewed
                                                                                                                                                            oleh Dewan Komisaris, termasuk Laporan Tugas                                    by the Board of Commissioners, including the Board of
                                                                                                                                                            Pengawasan Dewan Komisaris dan Pengesahan Laporan                               Commissioners’ Supervisory Report, and Ratification of
                                                                                                                                                            Keuangan Perseroan untuk tahun buku yang berakhir pada                          the Company’s Financial Statements for the financial year
                                                                                                                                                            tanggal 31 Desember 2021;                                                       ending on December 31, 2021;
                                                                                                                                                         2. Persetujuan penetapan penggunaan laba bersih                                 2. Approval of the appropriation of the Company’s net profit
                                                                                                                                                            Perseroan untuk tahun buku yang berakhir pada tanggal                           for the financial year ending on December 31, 2021;
                                                                                                                                                            31 Desember 2021;




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                Good Corporate
        Perusahaan                                                                                                                                                                                                                                    Governance




3. Persetujuan pendelegasian wewenang kepada Dewan              3. Approval of the delegation of authority to the Board             Tugas dan Tanggung Jawab Dewan                                       Duties and Responsibilities of the Board
   Komisaris atas usulan Komite Nominasi dan Remunerasi            of Commissioners upon the proposal of the Company’s              Komisaris                                                            of Commissioners
   Perseroan mengenai penetapan gaji, tunjangan, tantiem,          Nomination and Remuneration Committee regarding the
   dan/atau bonus kepada para anggota Direksi dan Dewan            determination of salaries, allowances, profit shares, and/or     Sesuai dengan Piagam Dewan Komisaris, Dewan Komisaris                According to the Board of Commissioners Charter, the Board of
   Komisaris Perseroan untuk tahun buku 2022;                      bonuses to members of the Company’s Board of Directors           memiliki tugas dan tanggung jawab sebagai berikut:                   Commissioners has the following duties and responsibilities:
                                                                   and Board of Commissioners for the financial year 2022;          1. Melakukan pengawasan atas kebijaksanaan pengurusan,               1. To supervise the management policy, the running of
4. Persetujuan pendelegasian wewenang kepada Dewan              4. Approval of the delegation of authority to Board of                 jalannya pengurusan pada umumnya, baik mengenai                      management in general, both regarding the Company’s
   Komisaris Perseroan untuk menunjuk Akuntan Publik yang          Commissioners regarding appointment of a Public                     Perseroan maupun usaha Perseoran, serta memberikan                   business and the Company itself, and provide advice to the
   akan memeriksa Laporan Keuangan Perseroan tahun buku            Accountant to audit the Company’s Financial Statements              nasihat kepada Direksi;                                              Board of Directors;
   2022;                                                           for the financial year 2022;                                     2. Menyelenggarakan RUPS Tahunan dan RUPS lainnya                    2. To organize Annual GMS and other GMS according to its
5. Persetujuan pengunduran diri dari Gideon selaku Direktur     5. Approval of resignation of Gideon as the Director of the            sesuai dengan kewenangannya sebagaimana diatur dalam                 authority as specified in the laws and regulations and the
   Perseroan; dan                                                  Company; and                                                        peraturan perundang-undangan dan Anggaran Dasar;                     Articles of As-sociation;
6. Persetujuan rencana regular Audit Internal pemegang          6. Approval of regular plan for Internal Audit of the               3. Menjalankan tugas dan tanggung jawab dengan itikad                3. To perform its duties and responsibilities in good faith
   saham pengendali (MSI Group).                                   controlling shareholder (MSI Group).                                baik, tanggung jawab dan penuh kehati-hatian;                        with discretion and prudence;
                                                                                                                                    4. Melakukan pengawasan dan pemberian nasihat dilakukan              4. To supervise and provide advice for the interest of the
Agenda Rapat RUPS Luar Biasa 22 Maret 2022                      Meeting Agenda of Extraordinary GMS                                    untuk kepentingan Perseroan dan sesuai dengan maksud                 Company and according to the Company’s purposes and
                                                                dated March 22, 2022                                                   dan tujuan Perseroan;                                                objectives;
Persetujuan perubahan susunan anggota Direksi Perseroan.        Approval on the changes of the Board of Directors’ composition.     5. Memiliki tanggung jawab pokok untuk mendorong                     5. To bear principal responsibility to encour-age the
                                                                                                                                       diterapkannya prinsip GCG di dalam Perseroan melalui                 implementation of GCG principles in the Company by
Agenda Rapat RUPS Luar Biasa 22 November 2022                   Meeting Agenda of Extraordinary GMS                                    pemberdayaan Dewan Komisaris agar dapat melakukan tugas              empowering the Board of Commissioners to effectively
                                                                dated November 22, 2022                                                pengawasan dan pemberian nasihat kepada Direksi secara               supervise and provide advice to the Board of Direc-tors
1. Persetujuan atas perubahan Pasal 3 Anggaran Dasar            1. Approval on the amendments to Article 3 of the Company’s            efektif dan lebih memberikan nilai tambah bagi Perseroan;            and provide more added value to the Company;
   Perseroan mengenai maksud dan tujuan serta kegiatan             Articles of Association on the Company’s purpose,                6. Membentuk Komite Audit, Komite Nominasi dan                       6. To establish Audit Committee, Nomination and
   usaha Perseroan; dan                                            objectives, and business activities; and                            Remunerasi, Komite Pemantau Risiko, Komite Kebijakan                 Remuneration Committee, Risk Over-sight Committee,
2. Persetujuan atas pengangkatan kembali anggota Direksi        2. Approval on the reappointment of members of the Board               Tata Kelola Perseroan, serta komite lainnya sesuai dengan            Good Corporate Govern-ance Committee, and other
   dan Dewan Komisaris Perseroan serta persetujuan ratifikasi      of Directors and Board of Commissioners and approval of             persyaratan yang diatur dalam peraturan perundang-                   committees according to the requirements outlined in the
   dan penegasan atas seluruh tindakan hukum yang dilakukan        ratification and affirmation of all legal actions taken by the      undangan;                                                            statutory regulations;
   oleh anggota Direksi dan Dewan Komisaris Perseroan.             Company’s Board of Directors and Board of Commissioners.         7. Mengevaluasi kinerja komite yang membantu pelaksanaan             7. To evaluate the performance of commit-tees that assist
                                                                                                                                       tugas dan tanggung jawab Dewan Komisaris; dan                        the Board of Commission-ers in implementing its duties
                                                                                                                                                                                                            and respon-sibilities; and
                                                                                                                                    8. Memenuhi kebutuhan Dewan Pengawas Syariah dalam                   8. To fulfill the needs of Sharia Supervisory Board in utilizing
                                                                                                                                       menggunakan anggota komite pendukung Dewan                           members of the Board of Commissioners’ supporting
                                                                                                                                       Komisaris.                                                           committees.




Dewan Komisaris                                                                                                                     Komposisi Dewan Komisaris                                            Composition of the Board of
                                                                                                                                                                                                         Commissioners
Board of Commissioners
                                                                                                                                    Berdasarkan Piagam Dewan Komisaris, Perseroan wajib memiliki         Based on the Board of Commissioners Charter, the Company
                                                                                                                                    anggota Dewan Komisaris paling sedikit 3 orang anggota yang          shall have at least 3 members of the Board of Commissioners,
                                                                                                                                    diangkat oleh RUPS untuk jangka waktu 2 tahun serta dapat            appointed by the GMS for a period of 2 years, and they can
                                                                                                                                    diangkat kembali untuk periode berikutnya. Berikut komposisi         be reappointed for the next period. The following is the
Dewan Komisaris adalah organ perusahaan yang bertugas           The Board of Commissioners is a company organ in charge             Dewan Komisaris Perseroan pada tahun 2023:                           composition of the Board of Commissioners in 2023:
melakukan pengawasan sesuai Anggaran Dasar dan                  of carrying out the supervision according to the Articles of
memberikan nasihat kepada Direksi terkait pengelolaan           Association and providing advice to the Board of Directors                     Nama                       Jabatan              Dasar Hukum Pengangkatan Terakhir Kali                Periode Menjabat
perusahaan. Seluruh anggota Dewan Komisaris diangkat oleh       regarding company management. All members of the Board                         Name                       Position              Legal Basis for the Last Appointment                  Term of Office
RUPS dan bertanggung jawab langsung kepada RUPS.                of Commissioners are appointed by the GMS and are directly
                                                                                                                                                                  Presiden Komisaris         Akta No. 57 tanggal 27 Juni 2023
                                                                accountable to the GMS.                                              Indra Widjaja                                                                                                       2023-2025
                                                                                                                                                                  President Commissioner     Deed No. 57 dated June 27, 2023
                                                                                                                                                                  Komisaris                  Akta No. 57 tanggal 27 Juni 2023
                                                                                                                                     Toshinari Tokoi                                                                                                     2023-2025
Piagam Dewan Komisaris                                          The Board of Commissioners Charter                                                                Commissioner               Deed No. 57 dated June 27, 2023
                                                                                                                                                                  Komisaris                  Akta No. 57 tanggal 27 Juni 2023
                                                                                                                                     Hideaki Nomura                                                                                                      2023-2025
Dewan Komisaris telah memiliki Piagam Dewan Komisaris           The Board of Commissioners has a Board of Commissioners                                           Commissioner               Deed No. 57 dated June 27, 2023

sebagai pedoman pelaksanaan tugas dan tanggung jawabnya         Charter outlining its duties and responsibilities, which was last                                 Komisaris Independen       Akta No. 57 tanggal 27 Juni 2023
                                                                                                                                     Ardhayadi Mitroatmodjo                                                                                              2023-2025
                                                                                                                                                                  Independent Commissioner   Deed No. 57 dated June 27, 2023
yang terakhir kali diperbarui pada tanggal pada tanggal         updated on June 27, 2023.
                                                                                                                                                                  Komisaris Independen       Akta No. 57 tanggal 27 Juni 2023
27 Juni 2023.                                                                                                                        Sidharta Akmam
                                                                                                                                                                  Independent Commissioner   Deed No. 57 dated June 27, 2023
                                                                                                                                                                                                                                                         2023-2025

                                                                                                                                                                  Komisaris Independen       Akta No. 70 tanggal 22 November 2022
                                                                                                                                     Nazly Parlindungan Siregar                                                                                          2022-2024
                                                                                                                                                                  Independent Commissioner   Deed No. 70 dated November 22, 2022




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                              PT MSIG Life Insurance Indonesia Tbk
134       Laporan Tahunan 2023                                                                                                                                                                                                                2023 Annual Report     135
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         Tata Kelola                                                                                                                                                                                                                                                    Good Corporate
         Perusahaan                                                                                                                                                                                                                                                        Governance




Penilaian Uji Kemampuan dan Kepatutan                                           Fit and Proper Test of the Board of                                                           Pernyataan Independensi                                         Ardhayadi      Sidharta    Nazly Parlindungan
Dewan Komisaris                                                                 Commissioners                                                                                 Independency Statement                                         Mitroatmodjo    Akmam             Siregar

                                                                                                                                                  Memiliki pengetahuan yang baik mengenai kepentingan pemegang polis, tertanggung,
Sebagaimana disyaratkan dalam Peraturan Otoritas                                As required by the Financial Services Authority Regulation No.    peserta, dan/atau pihak yang berhak memperoleh manfaat.
                                                                                                                                                                                                                                                  √              √                 √
Jasa Keuangan No. 27/POJK.03/2016 tentang Penilaian                             27/POJK.03/2016 on the Fit and Proper Test for Main Party         Have a good knowledge of the interests of policyholders, the insured, participants, and/
                                                                                                                                                  or parties entitled to benefits.
Kemampuan dan Kepatutan bagi Pihak Utama Lembaga Jasa                           of Financial Services Institution, nominees of the members of
                                                                                                                                                  Warga Negara Indonesia dan berdomisili di Indonesia.
Keuangan, calon anggota Dewan Komisaris wajib memperoleh                        the Board of Commissioners must obtain approval from the                                                                                                          √              √                 √
                                                                                                                                                  Is an Indonesian Citizen and domiciled in Indonesia.
persetujuan dari Otoritas Jasa Keuangan sebelum menjalankan                     Financial Services Authority before commencing their duties.
tugasnya. Pada tahun 2023, seluruh anggota Dewan Komisaris                      In 2023, all members of the Company’s Board of Commissioners
Perseroan telah memenuhi seluruh persyaratan dan telah lulus                    have fulfilled all requirements and have passed the fit and      Pernyataan Independensi Komisaris Independen                                  Independency Statement of the
uji penilaian kemampuan dan kepatutan bagi pihak utama,                         proper test for main parties, as evidenced by the decree from                                                                                  Independent Commissioners
sebagaimana dibuktikan dengan surat keputusan Otoritas                          the Financial Services Authority mentioned in each profile of    Komisaris Independen diangkat oleh RUPS dengan jaminan                        Independent Commissioners are appointed by the GMS with a
Jasa Keuangan yang disebutkan pada masing-masing profil                         the Board of Commissioners in the Company Profile section.       tidak memiliki hubungan afiliasi dengan pihak yang                            guarantee of not having any affiliation with interested parties,
anggota Dewan Komisaris pada bab Profil Perusahaan.                                                                                              berkepentingan, terutama pemegang saham mayoritas,                            especially majority shareholders, members of the Board of
                                                                                                                                                 anggota Direksi dan/atau Dewan Komisaris lainnya. Hal                         Directors, and/or other Commissioners. This is reinforced
                                                                                                                                                 ini diperkuat dengan penandatanganan surat pernyataan                         by signing a statement of independence by 3 Independent
Komisaris Independen                                                            Independent Commissioners                                        independensi oleh 3 orang Komisaris Independen, yaitu                         Commissioners, namely Ardhayadi Mitroatmodjo, Sidharta
                                                                                                                                                 Ardhayadi Mitroatmodjo, Sidharta Akmam, dan Nazly                             Akmam, and Nazly Parlindungan Siregar, after their term
Komisaris Independen memberikan jaminan bahwa kepentingan                       Independent Commissioners provide assurance that the             Parlindungan Siregar, setelah diputuskan efektif menjabat.                    became effective.
semua pemegang saham dilayani dan dilindungi dengan                             interests of all shareholders are served and protected equally
setara secara efektif sesuai dengan hukum yang berlaku.                         and effectively in accordance with applicable laws. As per the   Pelaksanaan Tugas Komisaris Independen                                        Implementation of Independent
Sesuai ketentuan Peraturan Otoritas Jasa Keuangan No. 33/                       provisions of the Financial Services Authority Regulation No.                                                                                  Commissioner’s Duties
POJK.04/2014 tetang Dewan Komisaris dan Direksi, minimal 30%                    33/POJK.04/2014 on the Board of Commissioners and Board          Sesuai dengan Peraturan Otoritas Jasa Keuangan                                As per the Financial Services Authority Regulation
dari anggota Dewan Komisaris adalah Komisaris Independen                        of Directors, a minimum of 30% of the members of the Board       No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang                       No. 73/POJK.05/2016 on Good Corporate Governance for
yang memenuhi persyaratan independensi sebagai berikut:                         of Commissioners are Independent Commissioners who meet          Baik bagi Perusahaan Perasuransian, Komisaris Independen                      Insurance Companies, Independent Commissioners shall
                                                                                the independence criteria as follows:                            wajib membuat laporan tahunan mengenai pelaksanaan                            provide an annual report on the implementation of their
                                                                                                                                                 tugasnya untuk kemudian dilaporkan kepada regulator.                          duties, which is then reported to the regulator. Reports
                              Pernyataan Independensi                                           Ardhayadi     Sidharta   Nazly Parlindungan      Adapun laporan terkait pelaksanaan tugas Komisaris                            related to the implementation of the duties of the Company’s
                              Independency Statement                                           Mitroatmodjo   Akmam            Siregar           Independen Perseroan tahun 2023 telah disampaikan dalam                       Independent Commissioners in 2023 are included in the
                                                                                                                                                 Laporan Tahunan Penerapan Tata Kelola Perusahaan yang                         Annual Report on Corporate Governance Implementation,
 Tidak mempunyai saham Perseroan baik langsung maupun tidak langsung.
                                                                                                    √            √                √              telah dilaporkan kepada Otoritas Jasa Keuangan.                               which has been submitted to the Financial Services Authority.
 Do not own shares of the Company, either directly or indirectly.
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang
 berkaitan dengan kegiatan Perseroan.                                                               √            √                √              Kepemilikan Saham Dewan Komisaris                                             Share Ownership of the Board of
 Do not have a direct or indirect business relationship related to the Company’s Activities.                                                                                                                                   Commissioners
 Tidak mempunyai hubungan afiliasi dengan anggota Direksi, anggota Dewan Komisaris
 lainnya, anggota Dewan Pengawas Syariah, atau pemegang saham atau yang setara
 pada perusahaan asuransi dan perusahaan asuransi syariah, dalam perusahaan asuransi                                                             Berdasarkan       Peraturan     Otoritas    Jasa     Keuangan                 Based on Financial Services Authority Regulation
 dan perusahaan asuransi syariah yang sama.                                                                                                      No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang                       No. 73/POJK.05/2016 on Good Corporate Governance for
                                                                                                    √            √                √
 Has no affiliation with any member of the Board of Directors, any other member of the                                                           Baik bagi Perusahaan Perasuransian, Dewan Komisaris wajib                     Insurance Companies, the Board of Commissioners is required
 Board of Commissioners, any member of Sharia Supervisory Board, or shareholders,
 or their equivalent in insurance company and sharia insurance company, in the same                                                              mengungkapkan kepemilikan saham yang mencapai 5%                              to disclose share ownership of 5% or more, both in the Company
 insurance company and sharia insurance company.                                                                                                 atau lebih, baik pada Perseroan maupun pada perusahaan                        and in other insurance companies, either domestic or foreign.
 Tidak pernah menjadi anggota Direksi, anggota Dewan Komisaris, anggota Dewan                                                                    perasuransian lain, yang berkedudukan di dalam dan di luar                    In 2023, all members of the Board of Commissioners did not
 Pengawas Syariah atau menduduki jabatan 1 tingkat di bawah Direksi pada perusahaan                                                              negeri. Pada tahun 2023, seluruh anggota Dewan Komisaris tidak                have any shares neither in the Company, other insurance
 asuransi dan perushaan asuransi syariah yang sama atau perusahaan lain yang memiliki
 hubungan afiliasi dengan perusahaan asuransi dan perusahaan asuransi syariah
                                                                                                                                                 mempunyai saham, baik di Perseroan, perusahaan perasuransian                  companies, financial institutions, nor other companies.
 tersebut dalam jangka waktu 6 bulan terakhir.                                                                                                   lain, lembaga jasa keuangan, maupun di perusahaan lain.
                                                                                                    √            √                √
 Has never been a member of the Board of Directors, member of the Board of
 Commissioners, or member of the Sharia Supevisory Board, or held a position 1 level
 below the Board of Directors in the same insurance company and sharia insurance
 company or any other company affiliated with that insurance company and sharia                                                                  Sertifikasi Dewan Komisaris                                                   Certification of the Board of
 insurance company within then last 6 months.                                                                                                    di Bidang Perasuransian                                                       Commissioners in Insurance Sector
 Memahami peraturan perundang-undangan di bidang perasuransian dan peraturan
 perundang-undangan lain yang relevan.
 Understands the laws and regulations in insurance sector and other relevant laws and
                                                                                                    √            √                √              Dewan Komisaris wajib memiliki sertifikasi di bidang                          The Board of Commissioners must have certifications in
 regulations.                                                                                                                                    perasuransian dari lembaga yang ditunjuk oleh asosiasi.                       the insurance sector from institutions appointed by the
 Memiliki pengetahuan yang baik mengenai kondisi keuangan perusahaan asuransi dan                                                                Berikut sertifikasi yang telah dimiliki oleh Dewan Komisaris                  association. The following are certifications owned by the
 perusahaan asuransi syariah tempat Komisaris Independen menjabat.                                                                               Perseroan dari Lembaga Sertifikasi Profesi Manajemen Risiko:                  Company’s members of the Board of Commissioners from the
                                                                                                    √            √                √
 Have a good knowledge of the financial condition of the insurance company and the
                                                                                                                                                                                                                               Risk Management Professional Certification Institute:
 sharia insurance company where the Independent Commissioner serves.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                 PT MSIG Life Insurance Indonesia Tbk
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         Tata Kelola                                                                                                                                                                                                                                                              Good Corporate
         Perusahaan                                                                                                                                                                                                                                                                  Governance




           Nama                          Jabatan                         Nama Sertifikasi                         Masa Berlaku                                                                                       Rapat Gabungan dengan
           Name                          Position                       Certification Title                       Validity Period                                                                                    Dewan Pengawas Syariah                   Rapat Gabungan dengan Auditor Eksternal
                                                                                                                                                                                                                       Joint Meetings with                      Joint Meetings with External Auditor
 Indra Widjaja                 Presiden Komisaris               Risk Management – Certified Risk                      2021-2024                           Nama                        Jabatan                        Sharia Supervisory Board
                               President Commissioner           Governance Professional                                                                   Name                        Position
                                                                                                                                                                                                           Total Rapat   Total Kehadiran      Kehadiran       Total Rapat    Total Kehadiran    Kehadiran
 Toshinari Tokoi               Komisaris                        Risk Management – Certified Risk        2019-2022 (dalam proses perpanjangan)
                                                                                                                                                                                                           Number of          Total          Attendance       Number of           Total        Attendance
                               Commissioner                     Governance Professional                 2019-2022 (in the process of extension)
                                                                                                                                                                                                            Meetings       Attendance            (%)           Meetings        Attendance          (%)
 Hideaki Nomura                Komisaris                        Risk Management – Certified Risk        2020-2023 (dalam proses perpanjangan)
                               Commissioner                     Governance Professional                 2020-2023 (in the process of extension)                            Presiden Komisaris
                                                                                                                                                   Indra Widjaja                                                 2                 2             100                1               1                 100
 Ardhayadi Mitroatmodjo        Komisaris Independen             Risk Management – Certified Risk        2019-2022 (dalam proses perpanjangan)                              President Commissioner
                               Independent Commissioner         Governance Professional                                                                                    Komisaris
                                                                                                                                                   Toshinari Tokoi                                               2                 2             100                1               1                 100
 Sidharta Akmam                Komisaris Independen             Risk Management – Certified Risk        2020-2023 (dalam proses perpanjangan)                              Commissioner
                               Independent Commissioner         Governance Professional                                                                                    Komisaris
                                                                                                                                                   Hideaki Nomura                                                2                 2             100                1               1                 100
 Nazly Parlindungan Siregar    Komisaris Independen             Risk Management – Certified Risk        2019-2022 (dalam proses perpanjangan)                              Commissioner
                               Independent Commissioner         Governance Professional                                                            Ardhayadi               Komisaris Independen
                                                                                                                                                                                                                 2                 2             100                1               1                 100
                                                                                                                                                   Mitroatmodjo            Independent Commissioner
                                                                                                                                                                           Komisaris Independen
Rapat Dewan Komisaris                                                         Board of Commissioners’ Meetings                                     Sidharta Akmam
                                                                                                                                                                           Independent Commissioner
                                                                                                                                                                                                                 2                 2             100                1               1                 100

                                                                                                                                                   Nazly Parlindungan Komisaris Independen
Kebijakan Rapat                                                               Meeting Policy                                                                                                                     2                 2             100                1               1                 100
                                                                                                                                                   Siregar            Independent Commissioner
Selain keharusan untuk menghadiri RUPS, Dewan Komisaris                       In addition to the obligation to attend the GMS, the Board of
juga wajib mengadakan rapat internal paling sedikit 1 kali dalam              Commissioners is also required to hold internal meetings at a
1 bulan dengan ketentuan 4 kali rapat diantaranya dilakukan                   minimum of once a month, with the provision that 4 of these         Tingkat Kehadiran dalam RUPS Tahunan dan RUPS Luar Biasa
dengan mengundang Direksi dan 1 kali rapat mengundang                         meetings invite the Board of Directors, and 1 meeting invites       Attendance Rate in Annual GMS and Extraordinary GMS
auditor eksternal. Selain itu, Dewan Komisaris juga wajib                     the external auditor. Additionally, the Board of Commissioners
melaksanakan rapat dengan Dewan Pengawas Syariah paling                       is also required to hold meetings with Sharia Supervisory                                                                                   RUPS Tahunan 27 Juni 2023                   RUPS Luar Biasa 27 Juni 2023
                                                                                                                                                                                                                          Annual GMS June 27, 2023                  Extraordinary GMS June 27, 2023
sedikit 2 kali dalam 1 tahun. Teknis pelaksanaannya dapat                     Board at least twice a year. The technical implementation can                     Nama                                Jabatan
                                                                                                                                                                Name                                Position
dilakukan secara langsung maupun jarak jauh dengan tetap                      be held in person or remotely, while ensuring the validity of                                                                                 Hadir               Tidak Hadir              Hadir            Tidak Hadir
memperhatikan keabsahan pengambilan keputusan.                                decision making.                                                                                                                             Present                Absent                Present             Absent

                                                                                                                                                                                        Presiden Komisaris
                                                                                                                                                   Indra Widjaja                                                               -                       √                    -                     √
Pelaksanaan Rapat                                                             Implementation of Meetings                                                                                President Commissioner
Selama tahun 2023, Dewan Komisaris telah melaksanakan                         Throughout 2023, the Board of Commissioners held meetings                                                 Komisaris
                                                                                                                                                   Toshinari Tokoi                                                             -                       √                    -                     √
                                                                                                                                                                                        Commissioner
rapat dengan rincian kehadiran masing-masing anggota                          with details of the attendance of each member as follows:
                                                                                                                                                                                        Komisaris
sebagai berikut:                                                                                                                                   Hideaki Nomura                                                              -                       √                    -                     √
                                                                                                                                                                                        Commissioner
                                                                                                                                                                                        Komisaris Independen
                                                                                                                                                   Ardhayadi Mitroatmodjo                                                      √*                      -                    √*                    -
Tingkat Kehadiran dalam Rapat                                                                                                                                                           Independent Commissioner
Attendance Rate in Meetings                                                                                                                                                             Komisaris Independen
                                                                                                                                                   Sidharta Akmam                                                              -                       √                    -                     √
                                                                                                                                                                                        Independent Commissioner
                                                          Rapat Dewan Komisaris                          Rapat Gabungan dengan Direksi
                                                                                                                                                                                        Komisaris Independen
                                                      Board of Commissioners’ Meeting              Joint Meetings with the Board of Directors      Nazly Parlindungan Siregar                                                  -                       √                    -                     √
                                                                                                                                                                                        Independent Commissioner
      Nama                    Jabatan
      Name                    Position            Total Rapat     Total Kehadiran    Kehadiran     Total Rapat   Total Kehadiran    Kehadiran     √* Berpartisipasi melalui media telekonferensi.
                                                  Number of            Total        Attendance     Number of          Total        Attendance
                                                   Meetings         Attendance          (%)         Meetings       Attendance          (%)
                                                                                                                                                  Pelaksanaan Tugas Dewan Komisaris                                                    Implementation of the Board of Commissioners’
                    Presiden Komisaris
Indra Widjaja                                           12               12             100             5                5             100                                                                                             Duties
                    President Commissioner
                                                                                                                                                  Sepanjang tahun 2023, Dewan Komisaris telah mengeluarkan                             Throughout 2023, the Board of Commissioners issued
                    Komisaris
Toshinari Tokoi                                         12               12             100             5                5             100        rekomendasi, evaluasi, dan persetujuan sebagai upaya                                 recommendations, evaluations, and approvals in efforts to
                    Commissioner
                    Komisaris                                                                                                                     perbaikan kinerja Perseroan, antara lain:                                            improve the Company’s performance, including:
Hideaki Nomura                                          12               12             100             5                5             100
                    Commissioner                                                                                                                  1. Laporan Realisasi Rencana Bisnis Asuransi dan Dana                                1. Realization Report of the Insurance and Pension Fund
Ardhayadi           Komisaris Independen                                                                                                              Pensiun Lembaga Keuangan Semester II Tahun 2022;                                     Business Plan for the Second Semester of 2022;
                                                        12               12             100             5                5             100
Mitroatmodjo        Independent Commissioner                                                                                                      2. Laporan Realisasi Rencana Bisnis Asuransi dan Dana                                2. Realization Report of the Insurance and Pension Fund
                    Komisaris Independen                                                                                                              Pensiun Lembaga Keuangan Semester I Tahun 2023;                                      Business Plan for the First Semester of 2023;
Sidharta Akmam                                          12               12             100             5                5             100
                    Independent Commissioner
                                                                                                                                                  3. Perubahan Susunan Anggota Komite Pemantau Risiko dan                              3. Changes in the Composition of the Members of the Risk
Nazly Parlindungan Komisaris Independen
                                                        12               12             100             5                5             100
                                                                                                                                                      Komite Kebijakan Tata Kelola Perusahaan;                                             Oversight Committee and Corporate Governance Policy
Siregar            Independent Commissioner
                                                                                                                                                                                                                                           Committee;
                                                                                                                                                  4. Pembagian Dividen Perseroan;                                                      4. Company Dividend Distribution;
                                                                                                                                                  5. Laporan Keuangan Tahunan 2022 yang telah diaudit oleh                             5. Audited 2022 Annual Financial Statements by External
                                                                                                                                                     auditor eksternal;                                                                    Auditors;
                                                                                                                                                  6. Jadwal pelaksanaan RUPS Tahunan dan RUPS Luar Biasa                               6. Schedule of Annual and Extraordinary General Meetings
                                                                                                                                                     serta Paparan Publik tahun 2023;                                                      and Public Expose for 2023;




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                     Good Corporate
        Perusahaan                                                                                                                                                                                                                         Governance




7. Laporan Triwulanan Tahun 2023 dari Komite Pendukung            7. 2023 Quarterly Reports from the Board of Commissioners’     Pihak yang Melakukan Penilaian                                 Assessor
    Dewan Komisaris, yaitu Komite Audit, Komite Pemantau              Supporting Committees, namely the Audit Committee,         Penilaian kinerja Dewan Komisaris dilakukan oleh sendiri dan   The Board of Commissioners’ performance is assessed
    Risiko, Komite Nominasi dan Remunerasi, serta Komite              Risk Oversight Committee, Nomination and Remuneration      Komite Nominasi dan Remunerasi.                                independently and the Nomination and Remuneration
    Kebijakan Tata Kelola Perusahaan;                                 Committee, and Corporate Governance Policy Committee;                                                                     Committee.
8. Laporan Keuangan Tahun 2022 yang telah diaudit oleh            8. Audited 2022 Annual Financial Statements by External
    auditor eksternal;                                                Auditors;                                                  Hasil Penilaian Kinerja                                        Performance Assessment Results
9. Kriteria Performa Indikator (KPI) tahun 2023;                  9. 2023 Key Performance Indicator (KPI) Criteria;              Penilaian terhadap kinerja Dewan Komisaris Perseroan untuk     The performance assessment of the Company’s Board of
10. Perubahan Capital Management Framework;                       10. Changes in the Capital Management Framework;               tahun 2023 menunjukkan hasil yang baik dengan pemenuhan        Commissioners for 2023 indicates a satisfactory outcome with
11. Kebijakan dan Program untuk IT Security Risk Management;      11. Policy and Program for IT Security Risk Management;        tugas dan tanggung jawab sebagaimana mestinya.                 the fulfillment of duties and responsibilities as appropriate.
12. Panduan Umum Penyampaian Laporan dan Permohonan               12. General Guidelines for Submitting Reports and Requests
    Persetujuan;                                                      for Approval;
13. Perubahan Kerangka Kerja Komite Pendukung Dewan               13. Changes in the Board of Commissioners’ Supporting          Penilaian Kinerja Komite Pendukung                             Performance Assessment of the Board of
    Komisaris tahun 2023, yaitu Komite Audit, Komite                  Committee Framework in 2023, namely the Audit Committee,   Dewan Komisaris                                                Commissioners’ Supporting Committee
    Pemantau Risiko, Komite Nominasi dan Remunerasi, serta            Risk Oversight Committee, Nomination and Remuneration
    Komite Kebijakan Tata Kelola Perusahaan;                          Committee, and Corporate Governance Policy Committee;      Prosedur Pelaksanaan Penilaian Kinerja dan Pihak               Procedure for the Performance Assessment and the
14. Perubahan Piagam Dewan Komisaris, Direksi, dan Dewan          14. Changes in the Charters of the Board of Commissioners,     yang Melakukan Penilaian                                       Assessor
    Pengawas Syariah;                                                 Board of Directors, and Sharia Supervisory Board;          Prosedur penilaian kinerja komite pendukung Dewan Komisaris    The performance assessment procedure for the Board of
15. Pemantauan Saham Perseroan di Bursa Efek Indonesia;           15. Monitoring of Company Shares on the Indonesia Stock        dilakukan berdasarkan pelaksanaan tugas dan tanggung jawab     Commissioners’ supporting committees is based on the
                                                                      Exchange;                                                  masing-masing komite yang dilaporkan secara berkala kepada     execution of their respective duties and responsibilities, which
16. Penerapan Manajemen Risiko sepanjang tahun 2023;              16. Risk Management Implementation throughout 2023;            Dewan Komisaris selama satu tahun buku. Kriteria penilaian     are reported periodically to the Board of Commissioners
17. Penunjukkan Auditor Eksternal;                                17. Appointment of External Auditors;                          meliputi pemenuhan tugas dan tanggung jawab, kehadiran         throughout the financial year. The assessment criteria include
18. Rencana Rebranding Nama dan Logo Perseroan;                   18. Company Name and Logo Rebranding Plan;                     rapat, dan berbagai indikator krusial lainnya.                 duties and responsibility fulfillment, meeting attendance, and
19. Perpanjangan Kontrak Sewa Sinarmas MSIG Tower;                19. Sinarmas MSIG Tower Lease Contract Extension;                                                                             various other crucial indicators.
20. Rencana Bisnis tahun 2024;                                    20. Business Plan for 2024;
21. Peningkatan Internal Governance;                              21. Internal Governance Enhancement;                           Hasil penilaian yang dilakukan pada tahun 2023 menyatakan      The results of the assessment conducted in 2023 indicate
22. Literasi dan Inklusi Keuangan;                                22. Financial Literacy and Inclusion;                          bahwa Komite Audit, Komite Pemantau Risiko, Komite             that the Audit Committee, Risk Oversight Committee,
23. Laporan Self-Assessment Perlindungan Konsumen;                23. Consumer Protection Self-Assessment Report;                Kebijakan Tata Kelola Perusahaan, serta Komite Nominasi        Corporate Governance Policy Committee, and Nomination
24. Menetapkan gaji, tunjangan, tantiem, dan/atau bonus           24. Determination of salaries, allowances, bonuses, and/or     dan Remunerasi telah membantu pelaksanan tugas Dewan           and Remuneration Committee have effectively assisted in
    kepada Direksi dan Dewan Komisaris Perseroan untuk                commissions for the Company’s Directors and Board of       Komisaris dengan baik. Komite-komite tersebut memberikan       the execution of the Board of Commissioners’ duties. These
    tahun buku 2023;                                                  Commissioners for the fiscal year 2023;                    peran dan masukan yang efektif terhadap tugas dan              committees have provided effective roles and inputs regarding
25. Perubahan Pedoman Anti Pencucian Uang, Pencegahan             25. Changes in Anti-Money Laundering, Counter-Terrorism        tanggung jawab Dewan Komisaris dalam menjalankan fungsi        the duties and responsibilities of the Board of Commissioners
    Pendanaan Terorisme, dan Pencegahan Pendanaan                     Financing, and Weapons of Mass Destruction Financing       pengawasan di Perseroan.                                       in carrying out supervisory functions in the Company.
    Proliferasi Senjata Pemusnah Masal;                               Prevention Guidelines;
26. Pengakuan biaya tambahan ketentuan keputusan                  26. Recognition of additional costs due to court decision
    pengadilan atas kasus litigasi dalam Laporan Keuangan             provisions for litigation cases in July 2023 Financial
    periode Juli 2023;                                                Statements;
27. Jadwal pelaksanaan rapat Dewan Komisaris, rapat Dewan         27. Schedule Board of Commissioners Meetings, Joint
    Komisaris bersama Direksi, dan rapat Dewan Komisaris              Meetings between the Board of Commissioners and Board
    bersama Dewan Pengawas Syariah tahun 2024; serta                  of Directors, and Joint Meetings between the Board of
                                                                      Commissioners and Sharia Supervisory Board for 2024; and
28. Perubahan Rencana Kerja Pemisahan Unit Syariah.               28. Changes in the Sharia Unit Separation Work Plan.



Penilaian Kinerja Dewan Komisaris                                 Board of Commissioners’ Performance
                                                                  Assessment

Prosedur Pelaksanaan Penilaian Kinerja                            Procedure for the Performance Assessment
Prosedur penilaian kinerja Dewan Komisaris dilakukan melalui      The performance assessment procedure for the Board of
2 proses, yaitu melalui self–assessment sesuai dengan indikator   Commissioners is conducted through 2 processes, namely self-
yang telah ditetapkan dan penilaian dari Komite Nominasi          assessment according to predefined indicators and assessment
dan Remunerasi.                                                   from the Nomination and Remuneration Committee.


Kriteria yang DIgunakan                                           Criteria Used
Kriteria  yang   digunakan   dalam    penilaian   adalah          Criteria used in the assessment is Key Performance Indicator
pencapaian target Key Performance Indicator (KPI) kinerja         (KPI) achieved by the Board of Commissioners.
Dewan Komisaris.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                   PT MSIG Life Insurance Indonesia Tbk
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        Perusahaan                                                                                                                                                                                                                                         Governance




Dewan Pengawas Syariah                                                                                                               Penilaian Uji Kemampuan dan Kepatutan
                                                                                                                                     Dewan Pengawas Syariah
                                                                                                                                                                                                            Fit and Proper Test of the Sharia
                                                                                                                                                                                                            Supervisory Board
Sharia Supervisory Board
                                                                                                                                     Sebagaimana disyaratkan dalam Peraturan Otoritas Jasa                  As required by the Financial Services Authority Regulation
                                                                                                                                     Keuangan No. 27/POJK.03/2016 tentang Penilaian Kemampuan               No. 27/POJK.03/2016 on the Fit and Proper Test for Main
                                                                                                                                     dan Kepatutan bagi Pihak Utama Lembaga Jasa Keuangan,                  Party of Financial Services Institutions, nominees of the
                                                                                                                                     calon anggota Dewan Pengawas Syariah wajib memperoleh                  members of Sharia Supervisory Board are required to obtain
Dewan Pengawas Syariah merupakan organ Perseroan                   Sharia Supervisory Board is a corporate organ in change           persetujuan dari Otoritas Jasa Keuangan sebelum menjalankan            approval from the Financial Services Authority before carrying
yang mempunyai tugas dan fungsi pengawasan terhadap                of carrying out the duties and functions to supervise the         tugasnya. Pada tahun 2023, seluruh anggota Dewan Pengawas              out their duties. In 2023, all members of the Company’s Sharia
penyelenggraan kegiatan usaha syariah Perseroan agar sesuai        implementation of sharia business activities and ensure that it   Syariah Perseroan telah memenuhi seluruh persyaratan dan telah         Supervisory Board have fulfilled all requirements and have
dengan prinsip syariah. Anggota pengurus Dewan Pengawas            abides by sharia law. Members of Sharia Supervisory Board are     lulus uji penilaian kemampuan dan kepatutan bagi pihak utama,          passed the fit and proper test for the main parties, as proven
Syariah Perseroan diangkat oleh RUPS atas rekomendasi              appointed by the GMS on recommendation of National Sharia         sebagaimana dibuktikan dengan surat keputusan Otoritas Jasa            by the Financial Services Authority decision letter mentioned
Dewan Syariah Nasional Majelis Ulama Indonesia.                    Council of Indonesian Ulema Council.                              Keuangan yang disebutkan pada masing-masing profil anggota             in each member profile of the Sharia Supervisory Board in the
                                                                                                                                     Dewan Pengawas Syariah pada bab Profil Perusahaan.                     Company Profile chapter.


Piagam Dewan Pengawas Syariah                                      The Sharia Supervisory Board Charter
                                                                                                                                     Independensi Dewan Pengawas Syariah                                    Independency of the Sharia Supervisory
Dewan Pengawas Syariah telah memiliki Piagam Dewan                 The Sharia Supervisory Board has a Sharia Supervisory Board
Pengawas Syariah yang dapat ditinjau setiap 2 tahun sekali         Charter which can be reviewed every 2 years or at any time if     Dewan Pengawas Syariah wajib menjamin pengambilan                      Sharia Supervisory Board must ensure quick, precise and
atau sewaktu-waktu apabila diperlukan, yang mana terakhir          necessary, which was last updated on June 27, 2023.               keputusan yang efektif, tepat dan cepat, serta dapat bertindak         effective decision-making, and act independently without any
kali diperbarui pada tanggal 27 Juni 2023.                                                                                           secara independen, tidak mempunyai kepentingan yang dapat              interest that may interfere with the capacity to perform duties
                                                                                                                                     mengganggu kemampuannya untuk melaksanakan tugas                       independently and critically.
                                                                                                                                     secara mandiri dan kritis.
Tugas dan Tanggung Jawab Dewan                                     Duties and Responsibilities of the Sharia
Pengawas Syariah                                                   Supervisory Board                                                 Kepemilikan Saham Dewan                                                Share Ownership of the Sharia
                                                                                                                                     Pengawas Syariah                                                       Supervisory Board
Berdasarkan Piagam Dewan Pengawas Syariah, Dewan                   Based on the Sharia Supervisory Board Charter, the Sharia
Pengawas Syariah memiliki tugas dan tanggung jawab untuk           Supervisory Board has duties and responsibilities to supervise    Berdasarkan     Peraturan     Otoritas     Jasa   Keuangan             Based on Financial Services Authority Regulation No. 73/
mengawasi dan memberikan nasihat serta saran kepada                and provide advice and suggestions to the Board of Directors      No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang                POJK.05/2016 on Good Corporate Governance for Insurance
Direksi seputar kesesuaian prinsip syariah pada usaha syariah      regarding the conformity of sharia principles in the Company’s    Baik bagi Perusahaan Perasuransian, Dewan Pengawas                     Companies, the Sharia Supervisory Board is required to
Perseroan dalam hal:                                               sharia business in terms of:                                      Syariah wajib mengungkapkan kepemilikan saham yang                     disclose share ownership of 5% or more, both in the Company
1. Pengelolaan kekayaan dan kewajiban, seperti dana                1. Management of assets and liabilities, such as tabarru’         mencapai 5% atau lebih, baik pada Perseroan maupun pada                and in other insurance companies, either domestic or foreign.
    tabarru’, dana tanahud, dana Perusahaan, dan dana                  funds, tanahud funds, the Company’s funds, and                perusahaan perasuransian lain, yang berkedudukan di dalam              In 2023, all members of the Sharia Supervisory Board did
    investasi peserta;                                                 participant’s investment funds;                               dan di luar negeri. Pada tahun 2023, seluruh anggota Dewan             not have any shares neither in the Company, other insurance
2. Produk asuransi syariah yang dipasarkan; dan                    2. Marketed sharia insurance products; and                        Pengawas Syariah tidak mempunyai saham, baik di Perseroan,             companies, financial institutions, nor other companies.
3. Praktik pemasaran produk asuransi syariah.                      3. Marketing practices of sharia insurance products.              perusahaan perasuransian lain, lembaga jasa keuangan,
                                                                                                                                     maupun di perusahaan lain.


Komposisi Dewan Pengawas Syariah                                   Composition of the Sharia Supervisory Board
                                                                                                                                     Sertifikasi Dewan Pengawas Syariah                                     Certification of the Sharia Supervisory
Sesuai Piagam Dewan Pengawas Syariah, anggota Dewan                In accordance with the Sharia Supervisory Board Charter, the      di Bidang Perasuransian                                                Board in Insurance Sector
Pengawas Syariah terdiri dari 1 orang ketua dan 1 orang            members of the Sharia Supervisory Board consist of 1 chairman
anggota dengan masa jabatan 2 tahun serta dapat diangkat           and 1 member with a term of office of 2 years and may be          Dewan Pengawas Syariah wajib memiliki sertifikasi di bidang            The Sharia Supervisory Board must have certifications
kembali untuk periode berikutnya. Berikut komposisi Dewan          reappointed for the following period. The following is the        perasuransian dari lembaga yang ditunjuk oleh asosiasi.                in insurance sector from institutions appointed by the
Pengawas Syariah Perseroan pada tahun 2023:                        composition of the Company’s Sharia Supervisory Board in 2023:    Berikut sertifikasi yang telah diterima oleh Dewan Pengawas            association. The following are certifications of the Sharia
                                                                                                                                     Syariah:                                                               Supervisory Board’s members:
          Nama                        Jabatan            Dasar Hukum Pengangkatan Terakhir Kali             Periode Menjabat
          Name                        Position            Legal Basis for the Last Appointment               Term of Office             Nama      Jabatan Nama Sertifikasi                                    Penyelenggara                                     Masa Berlaku
                                                                                                                                        Name      Position Certification Title                                  Organizer                                       Validity Period
                            Ketua                      Akta No. 57 tanggal 27 Juni 2023
 Endy Muhammad Astiwara                                                                                          2023-2025
                            Chairman                   Deed No. 57 dated June 27, 2023                                               Endy     Ketua         Asesor Kompetensi   Badan Nasional Sertifikasi Profesi                                                   2024
                            Anggota                    Akta No. 57 tanggal 27 Juni 2023                                              Muhammad Chairman      Competency Assessor National Board of Professional Certification
 Ahmadi Sukarno                                                                                                  2023-2025
                            Member                     Deed No. 57 dated June 27, 2023                                               Astiwara               Ahli Tata Kelola      Badan Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi                   2024
                                                                                                                                                            Risiko Terintegrasi   Manajemen Risiko
                                                                                                                                                            Integrated Risk       National Board of Professional Certification & Risk Management Professional
                                                                                                                                                            Governance Expert     Certification Institute
                                                                                                                                                            Pengawas Syariah      Badan Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi Majelis           2024
                                                                                                                                                            Sharia Supervisor     Ulama Indonesia Bidang Ekonomi Syariah
                                                                                                                                                                                  National Board of Professional Certification & Professional Certification
                                                                                                                                                                                  Institution of Indonesian Ulema Council for Sharia Economics



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                 PT MSIG Life Insurance Indonesia Tbk
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          Perusahaan                                                                                                                                                                                                                                        Governance




  Nama        Jabatan Nama Sertifikasi                                     Penyelenggara                                     Masa Berlaku      Penilaian Kinerja Dewan Pengawas Syariah                          Sharia Supervisory Board’s Performance
  Name        Position Certification Title                                   Organizer                                       Validity Period                                                                     Assessment
Ahmadi        Anggota    Ahli Tata Kelola      Badan Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi                   2025
Sukarno       Member     Risiko Terintegrasi   Manajemen Risiko                                                                                Prosedur Pelaksanaan Penilaian Kinerja dan Pihak                  Procedure for the Performance Assessment and the
                         Integrated Risk       National Board of Professional Certification & Risk Management Professional                     yang Melakukan Penilaian                                          Assessor
                         Governance Expert     Certification Institute
                                                                                                                                               Dewan Pengawas Syariah bertanggung jawab kepada RUPS              Sharia Supervisory Board is responsible to the GMS for
                         Pengawas Syariah      Badan Nasional Sertifikasi Profesi & Lembaga Sertifikasi Profesi Majelis           2024
                         Sharia Supervisor     Ulama Indonesia Bidang Ekonomi Syariah                                                          atas pelaksanaan tugas pengawasan penerapan prinsip syariah       performing its supervisory duties on the implementation of
                                               National Board of Professional Certification & Professional Certification                       di Perseroan. Evaluasi kinerja dilakukan oleh pemegang saham      sharia principles in the Company. The performance assessment
                                               Institution of Indonesian Ulema Council for Sharia Economics                                    melalui RUPS.                                                     is carried out by shareholders through the GMS.



Rapat Dewan Pengawas Syariah                                              Sharia Supervisory Board’s Meetings

Kebijakan Rapat                                                           Meeting Policy

                                                                                                                                               Direksi
Dewan Pengawas Syariah wajib menyelenggarakan rapat                       The Sharia Supervisory Board is required to hold meetings
paling sedikit 6 kali dalam setahun, baik secara langsung                 at least 6 times a year, either in person or remotely while
ataupun jarak jauh dengan tetap memperhatikan keabsahan
pengambilan keputusan. Pelaksanaannya dapat dilakukan
                                                                          ensuring the validity of decision-making. This can be carried
                                                                          out by inviting necessary external speakers, such as the
                                                                                                                                               Board of Directors
dengan mengundang narasumber eksternal yang diperlukan,                   Sharia Unit and/or Executive Officers. In 2023, the Sharia
seperti Unit Syariah dan/atau Pejabat Eksekutif. Pada tahun               Supervisory Board also held 2 joint meetings with the Board
2023, Dewan Pengawas Syariah juga telah mengadakan 2 kali                 of Commissioners.                                                    Direksi merupakan organ Perseroan yang berwenang dan              The Board of Directors is the Company’s organ with authority
rapat bersama Dewan Komisaris.                                                                                                                 bertanggung jawab penuh secara kolegial atas kepentingan          and full collegial responsibility for the common interests, in
                                                                                                                                               bersama, sesuai dengan maksud dan tujuan perusahaan,              accordance with the company’s purposes and objectives, as
Pelaksanaan Rapat                                                         Implementation of Meetings                                           sebagaimana ketentuan Anggaran Dasar dan peraturan                stipulated in the Articles of Association and applicable laws and
Selama tahun 2023, Dewan Pengawas Syariah telah                           Throughout 2023, the Sharia Supervisory Board held meetings          perundang-undangan yang berlaku. Seluruh anggota                  regulations. All members of the Board of Directors carry out
melaksanakan rapat dengan rincian kehadiran masing-masing                 with details of the attendance of each member as follows:            Direksi melaksanakan tugas dan tanggung jawab sesuai              their duties and responsibilities according to their respective
anggota sebagai berikut:                                                                                                                       porsinya dengan tujuan mencapai efektivitas pengelolaan           roles with the aim of achieving effective management and
                                                                                                                                               dan pencapaian nilai tambah yang maksimal bagi seluruh            maximizing added value for all stakeholders.
                                        Rapat Gabungan dengan Dewan Pengawas Syariah            Rapat Gabungan dengan Auditor Eksternal        pemangku kepentingan.
                                          Joint Meetings with Sharia Supervisory Board            Joint Meetings with External Auditor
      Nama              Jabatan
      Name              Position          Total Rapat   Total Kehadiran         Kehadiran     Total Rapat    Total Kehadiran     Kehadiran
                                          Number of          Total             Attendance     Number of           Total         Attendance     Piagam Direksi                                                    The Board of Directors Charter
                                           Meetings       Attendance               (%)         Meetings        Attendance           (%)

                    Ketua Dewan
                                                                                                                                               Direksi Perseroan telah memiliki tata tertib kerja Direksi yang   The Company’s Board of Directors has a Board of Directors
                    Pengawas Syariah                                                                                                           disebut dengan Piagam Direksi sebagai pedoman pelaksanaan         work code called the Board of Directors Charter as a guideline
 Endy Muhammad
                    Chairman of                6                6                 100               2               2               100        tugas dan tanggung jawabnya. Pedoman tersebut ditinjau            for implementing their duties and responsibilities. These
 Astiwara
                    the Sharia
                    Supervisory Board
                                                                                                                                               setiap 2 tahun sekali atau sewaktu-waktu apabila diperlukan,      guidelines are reviewed every 2 years or at any time if
                                                                                                                                               yang mana terakhir kali diperbarui pada tanggal 27 Juni 2023.     necessary, which were last updated on June 27, 2023.
                    Anggota Dewan
                    Pengawas Syariah
 Ahmadi Sukarno     Members of                 6                5                 83,3              2               2               100
                    the Sharia
                    Supervisory Board
                                                                                                                                               Tugas dan Tanggung Jawab Direksi                                  Duties and Responsibilities of the Board
                                                                                                                                                                                                                 of Directors

Frekuensi dan Cara Pemberian Nasihat                                      Frequency and Methods of Providing                                   Sesuai dengan Piagam Direksi, Direksi memiliki tugas dan          Following the Board of Directors Charter, the Board of
dan Saran serta Pengawasan Pemenuhan                                      Advice and Suggestions and Supervision                               tanggung jawab sebagai berikut:                                       Directors has the following duties and responsibilities:
Prinsip Syariah                                                           of the Implementation of Sharia Principles                           1. Menjalankan dan bertanggung jawab atas pengurusan              1. To run and be responsible for the management of the
                                                                                                                                                  Perseroan untuk kepentingan perusahaan sesuai dengan               Company for the Company’s interest according to the
Sepanjang tahun 2023, Dewan Pengawas Syariah Perseroan                    Throughout 2023, the Company’s Sharia Supervisory Board                 maksud dan tujuan yang ditetapkan dalam Anggaran Dasar;            purposes and obejctives specified in the Articles of
telah melaksanakan tugas dan tanggung jawabnya yang                       performed the following duties and responsibilities:                                                                                       Association;
meliputi:                                                                                                                                      2. Menyelenggarakan RUPS Tahunan dan RUPS lainnya                 2. To organize Annual GMS and other GMS as specified in the
1. Pengembangan produk;                                                   1.   Product development;                                               sebagaimana diatur dalam peraturan perundang-                      laws and regulations and the Articles of Association;
2. Pencatatan jurnal akuntansi;                                           2.   Accounting journal recording;                                      undangan dan Anggaran Dasar;
3. Surplus/defisit underwriting;                                          3.   Underwriting surplus/deficit;                                   3. Melaksanakan tugas dan tanggung jawab dengan itikad            3. To perform its outies and responsibilities in good faith
4. Akad-akad; serta                                                       4.   Contracts; and                                                     baik, penuh tanggung jawab, dan kehati-hatian;                    with discretion and prudence;
5. Risk Based Capital Tabarru’.                                           5.   Risk Based Capital Tabarru’.                                    4. Membentuk Komite Investasi, Komite Pengembangan                4. To establish Investment Committee, Product Development
                                                                                                                                                  Produk, dan komite lainnya sesuai dengan persyaratan yang         Committee, and other committee according to the




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          Perusahaan                                                                                                                                                                                                                                              Governance




   diatur dalam peraturan perundang-undangan di Indonesia;                        requirmenets outlined in Indonesian laws and regulations;                  Nama                                      Jabatan                                     Pembagian Tugas
5. Mengevaluasi kinerja komite yang membantu jalannya                          5. To evaluate the performance of committees supporting                       Name                                      Position                                  Distribution of Duties
   kegiatan Direksi; dan                                                          the Board of Directors; and                                           Andrew Bain       Direktur & Chief Operating & IT Officer                   •   Operation Development and Control;
6. Melakukan pengawasan aktif atas penerapan manajemen                         6. To carry out active supervision over the implementation of                              Director & Chief Operating & IT Officer                   •   Operations Digital Application;
   risiko dalam penggunaan Teknologi Informasi.                                   risk management in the use of Information Technology.                                                                                             •   Operations QA and Reporting;
                                                                                                                                                                                                                                    •   Individual Operations;
                                                                                                                                                                                                                                    •   Group Operations;
                                                                                                                                                                                                                                    •   Claim
Komposisi Direksi                                                              Composition of the Board of Directors                                                                                                                •   Customer and Distributor Care;
                                                                                                                                                                                                                                    •   Distribution Operations;
                                                                                                                                                                                                                                    •   IT; dan
Berdasarkan Piagam Direksi, Perseroan wajib memiliki                           Based on the Board of Directors Charter, the Company must                                                                                            •   IT Governance.
anggota Direksi paling sedikit 3 orang anggota yang diangkat                   have at least 3 members of the Board of Directors appointed              Ken Terada        Direktur & Chief Transforamtion Officer                   • Digital Strategic Business;
oleh RUPS untuk jangka waktu 2 tahun serta dapat diangkat                      by the GMS for a period of 2 years, and they can be reappointed                            Director & Chief Transformation Officer                   • Data Analytics; dan / and
                                                                                                                                                                                                                                    • Transformation Business Project.
kembali untuk periode berikutnya. Berikut komposisi Direksi                    for the next period. The following is the composition of the
Perseroan pada tahun 2023:                                                     Board of Directors in 2023.


            Nama                            Jabatan                  Dasar Hukum Pengangkatan Terakhir Kali                   Periode Menjabat         Penilaian Uji Kemampuan dan                                    Fit and Proper Test of the
            Name                            Position                  Legal Basis for the Last Appointment                     Term of Office          Kepatutan Direksi                                              Board of Directors
                                 Presiden Direktur                 Akta No. 70 tanggal 22 November 2022
 Wianto                                                                                                                            2022-2024           Sebagaimana disyaratkan dalam Peraturan Otoritas Jasa          As required by the Financial Services Authority Regulation No.
                                 President Director                Deed No. 70 dated November 22, 2022
                                 Wakil Presiden Direktur           Akta No. 44 tanggal 22 Maret 2022.                                                  Keuangan No. 27/POJK.03/2016 tentang Penilaian Kemampuan       27/POJK.03/2016 on the Fit and Proper Test for Main Party of
 Satoshi Shiratani                                                                                                                 2022-2024
                                 Deputy President Director         Deed No. 44 dated Maret 22, 2022.                                                   dan Kepatutan bagi Pihak Utama Lembaga Jasa Keuangan,          Financial Services Institution, nominees of the members of the
                                 Direktur                          Akta No. 57 tanggal 27 Juni 2023                                                    calon anggota Direksi wajib memperoleh persetujuan dari        Board of Directors must obtain approval from the Financial
 Herman Sulistyo                                                                                                                   2023-2025
                                 Director                          Deed No. 57 dated June 27, 2023                                                     Otoritas Jasa Keuangan sebelum menjalankan tugasnya.           Services Authority before commencing their duties. In 2023,
                                 Direktur                          Akta No. 70 tanggal 22 November 2022                                                Pada tahun 2023, seluruh anggota Direksi Perseroan telah       all members of the Company’s Board of Directors have fulfilled
 Tomoyuki Monden                                                                                                                   2022-2024
                                 Director                          Deed No. 70 dated November 22, 2022
                                                                                                                                                       memenuhi seluruh persyaratan dan telah lulus uji penilaian     all requirements and have passed the fit and proper test for
                                 Direktur                          Akta No. 57 tanggal 27 Juni 2023
 Andrew Bain
                                 Director                          Deed No. 57 dated June 27, 2023
                                                                                                                                   2023-2025           kemampuan dan kepatutan bagi pihak utama, sebagaimana          main parties, as evidenced by the decree from the Financial
                                                                                                                                                       dibuktikan dengan surat keputusan Otoritas Jasa Keuangan       Services Authority mentioned in each profile of the Board of
                                 Direktur                          Akta No. 38 tanggal 18 Agustus 2022
 Ken Terada                                                                                                                        2022-2024           yang disebutkan pada masing-masing profil anggota Direksi      Directors in the Company Profile section.
                                 Director                          Deed No. 38 dated August 18, 2022
                                                                                                                                                       pada bab Profil Perusahaan.



Ruang Lingkup Pekerjaan dan Tanggung                                           Scope of Work and Responsibilities of                                   Independensi Direksi                                           Independence of the Board of Directors
Jawab Masing-Masing Anggota Direksi                                            Each Member of the Board of Directors
                                                                                                                                                       Seluruh Direksi senantiasa mengedepankan prinsip               All members of the Board of Directors always prioritize
Pembagian tugas dan tanggung jawab masing-masing Direksi                       The division of duties and responsibilities of each member of           independensi dalam setiap pelaksanaan tugas dan tanggung       the principle of independence in carrying out their duties
Perseroan per 31 Desember 2023 diungkapkan sebagai berikut:                    the Company’s Board of Directors as of December 31, 2023, is            jawabnya demi menjamin tidak terjadinya hal-hal yang           and responsibilities in order to ensure the absence of any
                                                                               disclosed as follows:                                                   berpotensi menimbulkan benturan kepentingan dan kerugian       potential that may cause conflicts of interest and losses for
                                                                                                                                                       bagi Perseroan.                                                the Company.
       Nama                                             Jabatan                                                 Pembagian Tugas
       Name                                             Position                                              Distribution of Duties
                                                                                                                                                       Kepemilikan Saham Direksi                                      Share Ownership of the Board of Directors
 Wianto                 Presiden Direktur & CEO                                                 •   Internal Audit;
                        President Director & CEO                                                •   Legal, Compliance, and Corporate Secretary;
                                                                                                •   Human Capital;                                     Berdasarkan     Peraturan    Otoritas      Jasa   Keuangan     Based on Financial Services Authority Regulation No. 73/
                                                                                                •   Actuary and Product Development; dan / and         No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang Baik   POJK.05/2016 on Good Corporate Governance for Insurance
                                                                                                •   Customer and Marketing.
                                                                                                                                                       bagi Perusahaan Perasuransian, Direksi wajib mengungkapkan     Companies, the Board of Directors is required to disclose
 Satoshi Shiratani      Wakil Presiden Direktur & Chief Financial Officer                       •   Finance & Accounting;
                        Deputy President Director & Chief Financial Officer                     •   General Support;                                   kepemilikan saham yang mencapai 5% atau lebih, baik pada       share ownership of 5% or more, both in the Company and
                                                                                                •   Corporate Planning & Performance Management;       Perseroan maupun pada perusahaan perasuransian lain,           in other insurance companies, either domestic or foreign. In
                                                                                                •   Investment; dan / and                              yang berkedudukan di dalam dan di luar negeri. Pada tahun      2023, all members of the Board of Directors did not have any
                                                                                                •   Investment Operation.
                                                                                                                                                       2023, seluruh anggota Direksi tidak mempunyai saham, baik      shares neither in the Company, other insurance companies,
 Herman Sulistyo        Direktur & Chief Agency, Corporate and Sharia Business Officer          •   Agency Business;
                        Director & Chief Agency, Corporate, and Sharia Business Officer         •   Corporate Business and DPLK;                       di Perseroan, perusahaan perasuransian lain, lembaga jasa      financial institutions, nor other companies.
                                                                                                •   Japanese Desk;                                     keuangan, maupun di perusahaan lain.
                                                                                                •   Japanese Desk Business Transformation; dan / and
                                                                                                •   Sharia Business
 Tomoyuki Monden        Direktur & Chief Risk Officer                                           Risk Management.
                        Director & Chief Risk Officer




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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          Tata Kelola                                                                                                                                                                                                                                                                            Good Corporate
          Perusahaan                                                                                                                                                                                                                                                                                Governance




Sertifikasi Direksi di Bidang Perasuransian                                    Certifications of the Board of Directors in                               Pelaksanaan Rapat                                                                          Implementation of Meetings
                                                                               Insurance Sector                                                          Selama tahun 2023, Direksi telah melaksanakan rapat dengan                                 Throughout 2023, the Board of Directors held meetings with
                                                                                                                                                         rincian kehadiran masing-masing anggota sebagai berikut:                                   details of each member’s attendance as follows:
Direksi wajib memiliki sertifikasi di bidang perasuransiasn dari               The Board of Directors must hae certifications in insurance
lembaga yang ditunjuk oleh asosiasi. Berikut sertifikasi yang                  sector from institutions appointed by the association. The                Tingkat Kehadiran dalam Rapat
telah diterima oleh Direksi:                                                   following are certifications of the Board of Directors’ members:          Attendance Rate in Meetings

                                                                                                                                                                                                                                                                        Rapat Gabungan dengan Dewan Komisaris
       Nama                 Jabatan                Nama Sertifikasi                              Penyelenggara                       Masa Berlaku                                                                          Rapat Direksi
                                                                                                                                                                                                                                                                            Joint Meetings with the Board of
       Name                 Position               Certification Title                             Organizer                         Validity Period                                                                Board of Directors’ Meeting
                                                                                                                                                                                                                                                                                    Commissioners
                                                                                                                                                               Nama                  Jabatan
 Wianto                 Presiden Direktur    Risk Management – MR 5 (Tingkat       Asosiasi Ahli Manajemen Indonesia                    2023-2026              Name                  Position                                     Total                                                    Total
                        President Director   Utama)                                Indonesian Association of Insurance                                                                                    Total Rapat                                Kehadiran          Total Rapat                       Kehadiran
                                                                                                                                                                                                                                Kehadiran                                                Kehadiran
                                             Risk Management – MR 5 (Main          Management Experts                                                                                                     Number of                                 Attendance          Number of                        Attendance
                                                                                                                                                                                                                                  Total                                                    Total
                                             Level)                                                                                                                                                        Meetings                                     (%)              Meetings                            (%)
                                                                                                                                                                                                                               Attendance                                               Attendance
                                             Ahli Asuransi Jiwa – Ahli Asuransi    Asosiasi Ahli Manajemen Indonesia                   Masih dalam
                                             Indonesia Sektor Jiwa                 Indonesian Association of Insurance                     proses                              Presiden Direktur
                                                                                                                                                          Wianto                                                 12                   12                 100                 5               5                 100
                                             Life Insurance Expert – Life Sector   Management Experts                                 Still in process                         President Director
                                             Indonesian Insurance Expert                                                                                                       Wakil Presiden
 Satoshi Shiratani      Wakil Presiden       Risk Management – Certified Risk      Lembaga Sertifikasi Profesi Manajemen Risiko         2022-2025         Satoshi              Direktur
                                                                                                                                                                                                                 12                   12                 100                 5               5                 100
                        Direktur             Governance Professional               Risk Management Professional Certification                             Shiratani            Deputy President
                        Deputy President                                           Institute                                                                                   Director
                        Director                                                                                                                          Herman               Direktur
                                                                                                                                                                                                                 12                   12                 100                 5               5                 100
 Herman Sulistyo        Direktur             Risk Management – Certified Risk      Lembaga Sertifikasi Profesi Manajemen Risiko         2022-2025         Sulistyo             Director
                        Director             Governance Professional               Risk Management Professional Certification                             Tomoyuki             Direktur
                                                                                   Institute                                                                                                                     12                   12                 100                 5               5                 100
                                                                                                                                                          Monden               Director
                                             Ahli Asuransi Jiwa – Ahli Asuransi    Asosiasi Ahli Manajemen Indonesia                       2010                                Direktur
                                             Indonesia Sektor Jiwa                 Indonesian     Association   of       Insurance                        Andrew Bain                                            12                   12                 100                 5               5                 100
                                                                                                                                                                               Director
                                             Life Insurance Expert – Life Sector   Management Experts
                                                                                                                                                                               Direktur
                                             Indonesian Insurance Expert                                                                                  Ken Terada                                             12                   12                 100                 5               5                 100
                                                                                                                                                                               Director
                                             Asuransi Kesehatan – Ahli             Perkumpulan Ahli Manajemen Jaminan dan                  2011
                                             Asuransi Kesehatan                    Asuransi Kesehatan Indonesia
                                             Health Insurance – Health             Association of Indonesian Management
                                             Insurance Expert                      Experts of Guarantee and Health Insurance                             Tingkat Kehadiran dalam RUPS Tahunan dan RUPS Luar Biasa
                                             Fellow Society of Actuaries of        Persatuan Aktuaris Indonesia                            2002          Attendance Rate in Annual GMS and Extraordinary GMS
                                             Indonesia                             Society of Actuaries of Indonesia
                                                                                                                                                                                                                                        RUPS Tahunan 27 Juni 2023                  RUPS Luar Biasa 27 Juni 2023
 Tomoyuki Monden        Direktur             Risk Management – Certified Risk      Lembaga Sertifikasi Profesi Manajemen Risiko         2022-2025
                                                                                                                                                                                                                                        Annual GMS June 27, 2023                 Extraordinary GMS June 27, 2023
                        Director             Governance Professional               Risk Management Professional Certification                                          Nama                               Jabatan
                                                                                   Institute                                                                           Name                               Position
                                                                                                                                                                                                                                            Hadir              Tidak Hadir             Hadir            Tidak Hadir
 Andrew Bain            Direktur             Risk Management – Qualified           Lembaga Sertifikasi Profesi Manajemen                 2019-2022                                                                                         Present               Absent               Present             Absent
                        Director             Risk Governance Professional          Kayana Sejahtera                                   (dalam proses
                                                                                   Kayana Sejahtera Management Professional           perpanjangan)                                            Presiden Direktur
                                                                                                                                                          Wianto                                                                              √                     -                    √                     -
                                                                                   Certification Institute                            (in the process                                          President Director
                                                                                                                                       of extension)                                           Wakil Presiden Direktur
                                                                                                                                                          Satoshi Shiratani                                                                  √*                     -                   √*                     -
 Ken Terada             Direktur             Risk Management – Qualified           Lembaga Sertifikasi Profesi Manajemen                2022-2025                                              Deputy President Director
                        Director             Risk Governance Professional          Kayana Sejahtera                                                                                            Direktur
                                                                                   Kayana Sejahtera Management Professional                               Herman Sulistyo                                                                     √                     -                    √                     -
                                                                                                                                                                                               Director
                                                                                   Certification Institute
                                                                                                                                                                                               Direktur
                                                                                                                                                          Tomoyuki Monden                                                                    √*                     -                   √*                     -
                                                                                                                                                                                               Director
                                                                                                                                                                                               Direktur
                                                                                                                                                          Andrew Bain                                                                         -                     √                    -                     √
Rapat Direksi                                                                  Board of Directors’ Meetings                                                                                    Director
                                                                                                                                                                                               Direktur
                                                                                                                                                          Ken Terada                                                                          -                     √                    -                     √
                                                                                                                                                                                               Director
Kebijakan Rapat                                                                Meeting Policy
Sebagaimana diatur dalam Peraturan Otoritas Jasa                               As regulated in the Financial Services Authority Regulation               √* Berpartisipasi melalui media telekonferensi. / Participated via teleconference media.

Keuangan No. 33/POJK.04/2014 dan Piagam Direksi, Direksi                       No. 33/POJK.04/2014 and the Board of Directors Charter,
wajib menghadiri RUPS serta mengadakan rapat internal                          the Board of Directors is required to attend the GMS and
paling sedikit 1 kali dalam 1 bulan dengan ketentuan 4                         hold internal meetings at a minimum of once a month, with                 Pelaksanaan Tugas Direksi                                                                  Implementation of the
kali rapat diantaranya mengundang Dewan Komisaris.                             the provision that 4 of these meetings invite the Board of                                                                                                           Board of Directors’ Duties
Teknis pelaksanaannya dapat dilakukan secara langsung                          Commissioners. The technical implementation can be held in
maupun jarak jauh dengan tetap memperhatikan keabsahan                         person or remotely, while ensuring the validity of decision               Sebagai bagian dari pelaksanaan tugas dan tanggung                                         As part of fulfilling its duties and responsibilities, the Board
pengambilan keputusan.                                                         making.                                                                   jawabnya, Direksi terus berupaya untuk mendorong                                           of Directors continues to strive for the effective management
                                                                                                                                                         pelaksanaan pengelolaan Perseroan yang semakin efektif.                                    of the Company. Throughout 2023, the Board of Directors
                                                                                                                                                         Selama tahun 2023, Direksi telah mengeluarkan beberapa                                     issued several recommendations, evaluations, and approvals,
                                                                                                                                                         rekomendasi, evaluasi, dan persetujuan, antara lain:                                       including:




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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        Perusahaan                                                                                                                                                                                                                           Governance




1. Laporan Realisasi Rencana Bisnis Asuransi dan Dana         1. Realization Report of the Insurance and Pension Fund            Kriteria yang Digunakan                                          Criteria Used
   Pensiun Lembaga Keuangan Semester II Tahun 2022 untuk         Business Plan for the Second Semester of 2022, to be            Kriteria yang digunakan dalam penilaian adalah pencapaian        Criteria used in the assessment is Key Performance Indicator
   selanjutnya diajukan kepada Dewan Komisaris;                  submitted to the Board of Commissioners;                        target Key Performance Indicator (KPI) kinerja Direksi.          (KPI) achieved by the Board of Directors.
2. Laporan Realisasi Rencana Bisnis Asuransi dan Dana         2. Realization Report of the Insurance and Pension Fund
   Pensiun Lembaga Keuangan Semester I Tahun 2023 untuk          Business Plan for the First Semester of 2023, to be             Pihak yang Melakukan Penilaian                                   Assessor
   selanjutnya diajukan kepada Dewan Komisaris;                  submitted to the Board of Commissioners;                        Penilaian kinerja Direksi dilakukan oleh sendiri dan Komite      The Board of Directors’ performance is assessed independently
3. Jadwal pelaksanaan rapat Dewan Komisaris, rapat Dewan      3. Schedule Board of Commissioners Meetings, Joint                 Nominasi dan Remunerasi.                                         and the Nomination and Remuneration Committee.
   Komisaris bersama Direksi, dan rapat Dewan Komisaris          Meetings between the Board of Commissioners and Board
   bersama Dewan Pengawas Syariah tahun 2024 untuk               of Directors, and Joint Meetings between the Board of           Hasil Penilaian Kinerja Direksi                                  Board of Directors’ Performance Assessment Results
   diajukan kepada Dewan Komisaris;                              Commissioners and Sharia Supervisory Board for 2024, to         Pada tahun 2023, hasil penilaian yang dilakukan menyimpulkan     In 2023, the assessment results concluded that the
                                                                 be submitted to the Board of Commissioners;                     bahwa kinerja Direksi telah sesuai dan memenuhi kriteria         performance of the Board of Directors was in line with and
4. Pembagian Dividen Perseroan;                               4. Company Dividend Distribution;                                  sebagaimana mestinya.                                            met the appropriate criteria.
5. Jadwal pelaksanaan RUPS Tahunan dan RUPS Luar Biasa        5. Schedule of Annual and Extraordinary General Meetings
    tahun 2023 serta Paparan Publik untuk diajukan kepada        and Public Disclosures for 2023, to be submitted to the
    Dewan Komisaris;                                             Board of Commissioners;                                         Penilaian Kinerja Komite Pendukung                               Performance Assessment of the Board of
6. Tema Laporan Tahunan 2022;                                 6. Theme for the 2022 Annual Report;                               Direksi                                                          Directors’ Supporting Committees
7. Kriteria Performa Indikator (KPI) Perseroan tahun 2023;    7. 2023 Key Performance Indicator (KPI) Criteria;
8. Kebijakan dan Program untuk IT Security Risk Management;   8. Policy and Program for IT Security Risk Management;             Prosedur penilaian kinerja komite pendukung Direksi dilakukan    The procedure for performance assessment of the Board of
9. Perubahan Pedoman Kerja Komite Pendukung Direksi           9. Changes in the Board of Directors’ Supporting Committee         dengan mengacu pada kriteria penilaian pertimbangan hasil        Directors’ supporting committees is conducted by referring to
    tahun 2023, yaitu Komite Investasi dan Keuangan, Komite       Working Guidelines in 2023, namely the Investment and          laporan performa dan kegiatan masing-masing komite selama        the assessment criteria based on the performance reports and
    Produk dan Pemasaran, Komite Manajemen Risiko, Komite         Finance Committee, Product and Marketing Committee,            tahun berjalan. Hasil penilaian tersebut kemudian digunakan      activities of each committee throughout the current year. The
    Teknologi Informasi dan Operasional, dan Komite Sumber        Risk Management Committee, Information Technology and          sebagai salah satu pertimbangan restrukturisasi anggota          assessment results are then used as one of the considerations
    Daya Manusia;                                                 Operational Committee, and Human Resources Committee;          organ pendukung Perseroan di tahun selanjutnya.                  for restructuring the members of the company’s supporting
10. Perubahan Piagam Dewan Komisaris, Direksi, dan Dewan      10. Changes in the Charters of the Board of Commissioners,                                                                          organs in the following year.
    Pengawas Syariah untuk selanjutnya diajukan kepada            Board of Directors, and Sharia Supervisory Board, to be
    Dewan Komisaris;                                              submitted to the Board of Commissioners;                       Hasil penilaian yang dilakukan pada tahun 2023 menyatakan        The assessment conducted in 2023 indicates that the
11. Perubahan Panduan Umum Penyampaian Laporan dan            11. Changes in the General Guidelines for Submitting Reports       bahwa Komite Investasi dan Keuangan, Komite Teknologi            Investment and Finance Committee, Information Technology
    Permohonan Persetujuan untuk selanjutnya diajukan             and Requests for Approval, to be submitted to the Board        Informasi dan Operasional, Komite Produk dan Pemasaran,          and Operational Committee, Product and Marketing
    kepada Dewan Komisaris;                                       of Commissioners;                                              Komite Manajemen Risiko, serta Komite Sumber Daya                Committee, Risk Management Committee, and Human
12. Pemantauan Saham Perseroan di Perseroan;                  12. Monitoring of Company Shares on the Company;                   Manusia telah membantu pelaksanan tugas Direksi dengan           Resources Committee have effectively assisted the Board of
13. Rencana Rebranding Nama dan Logo Perseroan untuk          13. Company Name and Logo Rebranding Plan, to be                   baik. Komite-komite tersebut telah membantu memberikan           Directors in carrying out their duties. These committees have
    diajukan kepada Dewan Komisaris;                              submitted to the Board of Commissioners;                       arahan kebijakan yang efektif, sesuai dengan rencana strategis   provided effective policy guidance that is in line with the
14. Perpanjangan Kontrak Sewa Sinarmas MSIG Tower untuk       14. Sinarmas MSIG Tower Lease Contract Extension, to be            kegiatan usaha Perseroan.                                        Company’s strategic business plan.
    selanjutnya diajukan kepada Dewan Komisaris;                  submitted to the Board of Commissioners;
15. Perubahan Pedoman Anti Pencucian Uang, Pencegahan         15. Changes in Anti-Money Laundering, Counter-Terrorism
    Pendanaan Terorisme, dan Pencegahan Pendanaan                 Financing, and Weapons of Mass Destruction Financing           Penilaian Kinerja                                                Performance Assessment of the Board of
    Proliferasi Senjata Pemusnah Masal untuk selanjutnya          Prevention Guidelines, to be submitted to the Board of         Organ Pendukung Direksi                                          Directors’ Supporting Organs
    diajukan kepada Dewan Komisaris;                              Commissioners;
16. Pembahasan Proses Persiapan Rencana Bisnis 2024;          16. Discussion on the Preparation Process of the 2024
                                                                  Business Plan;                                                 Selain komite pendukung, Direksi turut dibantu oleh organ        In addition to the supporting committees, the Board of
17. Pengajuan Rencana Bisnis 2024 ke Dewan Komisaris;         17. Submission of the 2024 Business Plan to the Board of           pendukung, yaitu Sekretaris Perusahaan dan Unit Audit            Directors is also assisted by supporting organs, namely the
                                                                  Commissioners;                                                 Internal, dalam merealisasikan tugas dan tanggung jawabnya.      Corporate Secretary and Internal Audit Unit, in fulfilling
18. Laporan Literasi dan Inklusi Keuangan untuk dilaporkan    18. Financial Literacy and Inclusion Report to be reported to      Adapun performa fungsional bagian-bagin tersebut dipantau        their duties and responsibilities. The functional performance
    kepada Dewan Komisaris;                                       the Board of Commissioners;                                    secara berkala berdasarkan kriteria penilaian yang digunakan     of these sections is periodically monitored based on the
19. Laporan Self-Assessment Perlindungan Konsumen untuk       19. Consumer Protection Self-Assessment Report to be               selama tahun buku.                                               assessment criteria used throughout the financial year.
    dilaporkan kepada Dewan Komisaris; serta                      reported to the Board of Commissioners; and
20. Perubahan Rencana Kerja Pemisahan Unit Syariah.           20. Changes in the Sharia Unit Separation Work Plan.               Hasil penilaian yang dilakukan pada tahun 2023 menyatakan        The assessment conducted in 2023 indicates that the
                                                                                                                                 bahwa Sekretaris Perusahaan dan Unit Audit Internal              Corporate Secretary and the Internal Audit Unit have carried
                                                                                                                                 telah menjalankan tugas sebagaimana mestinya. Hal ini            out their duties as required. This is reflected in the Company’s
Penilaian Kinerja Direksi                                     Board of Directors’ Performance                                    tercerminkan dalam hal pemenuhan kewajiban dan kepatuhan         fulfillment of its obligations and compliance as an issuer, both
                                                              Assessment                                                         Perseroan sebagai emiten, baik dalam hal pelaksanaan audit       in terms of conducting audits and transparent disclosure of
                                                                                                                                 maupun keterbukaan informasi yang transparan.                    information.
Prosedur Pelaksanaan Penilaian Kinerja                        Procedure for Performance Assessment
Proses penilaian kinerja Direksi dilakukan melalui 2 tahap,   The process of assessing the performance of the Board of
yaitu melalui self–assessment yang dilakukan minimal 1 kali   Directors is carried out in 2 stages, namely through a self-
dalam 1 tahun serta penilaian yang dilakukan oleh Komite      assessment that shall be carried out at least once a year and an
Nominasi dan Remunerasi.                                      assessment by the Nomination and Remuneration Committee.



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                        Good Corporate
        Perusahaan                                                                                                                                                                                                                                            Governance




Nominasi dan Remunerasi Dewan Komisaris,                                                                                            Remunerasi Dewan Komisaris, Dewan
                                                                                                                                    Pengawas Syariah, dan Direksi
                                                                                                                                                                                                                 Remuneration of the Board of
                                                                                                                                                                                                                 Commissioner, Sharia Supervisory Board,
Dewan Pengawas Syariah, dan Direksi                                                                                                                                                                              and Board of Directors
Nomination and Remuneration of the Board of Commissioners, Sharia                                                                   Prosedur Penetapan Remunerasi                                                Procedure for Determining Remuneration
Supervisory Board, and Board of Directors                                                                                           Kebijakan remunerasi diberikan sebagai bentuk apresiasi atas                 The remuneration policy is provided as a form of appreciation for
                                                                                                                                    pelaksanaan tugas dan tanggung jawab yang telah dilaksanakan,                the execution of duties and responsibilities, always considering
                                                                                                                                    dengan senantiasa memperhatikan aspek kompetitif, adil,                      competitiveness, fairness, and risk-based aspects. The
Nominasi Dewan Komisaris, Dewan                                 Nomination of the Board of Commissioners,                           dan berbasis risiko. Penetapan kebijakan tersebut disusun                    establishment of this policy is prepared with reference to the
Pengawas Syariah, dan Direksi                                   Sharia Supervisory Board, and                                       dengan mengacu pada Peraturan Otoritas Jasa Keuangan                         Financial Services Authority Regulation No. 73/POJK.05/2016 on
                                                                Board of Directors                                                  No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang Baik                 Good Corporate Governance for Insurance Companies, which is
                                                                                                                                    bagi Perusahaan Perasuransian, yang disampaikan melalui RUPS                 communicated through the GMS based on the evaluation results
Kebijakan Nominasi                                              Nomination Policy                                                   berdasarkan hasil evaluasi Komite Nominasi dan Remunerasi.                   of the Nomination and Remuneration Committee.
Kebijakan nominasi Perseroan bagi Dewan Komisaris, Dewan        The Company’s nomination policy for the Board of Commissioners,
Pengawas Syariah, dan Direksi disusun untuk meningkatkan        Sharia Supervisory Board, and Board of Directors is designed to     Indikator Penetapan Remunerasi                                               Indicator for Determining Remuneration
penerapan prinsip GCG dalam hal kesinambungan proses            enhance the implementation of GCG principles in terms of the        Penetapan struktur, kebijakan, dan besaran remunerasi harus                  Determining remuneration structure, policy, and amount
regenerasi atau kaderisasi kepemimpinan di Perseroan dengan     continuity of the leadership regeneration process or leadership     memperhatikan:                                                               must consider:
kualifikasi terbaik. Kebijakan tersebut tertuang dalam Piagam   cadre within the Company with the best qualifications. This         1. Remunerasi yang berlaku pada industri sesuai dengan                       1. Remuneration prevailing in the industry with similar
Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi.           policy is outlined in the Charters of the Board of Commissioners,      kegiatan usaha sejeni dan skala usaha dari dalam industrinya;                business activities and scale;
                                                                Sharia Supervisory Board, and Board of Directors.                   2. Tugas, tanggung jawab, dan wewenang anggota yang                          2. Duties, responsibilities, and authorities of members in
                                                                                                                                       dikaitkan dengan pencapaian tujuan dan kinerja Perseroan;                    relation with the Company’s achievement and performance;
Proses Nominasi                                                 Nomination Process                                                  3. Target kinerja atau kinerja masing-masing anggota Direksi                 3. Performance target or performance of each member of
Adapun proses nominasi Dewan Komisaris, Dewan Pengawas          The process of nominating the Board of Commissioner, Sharia            dan/atau anggota Dewan Komisaris; dan                                        the Board of Directors and/or member of the Board of
Syariah, dan Direksi diuraikan sebagai berikut:                 Supervisory Board, and Board of Directors is as follows:            4. Keseimbangan tunjangan antara yang bersifat tetap dan                        Commissioners; and
1. Dewan Komisaris                                              1. Board of Commissioners                                              bersifat variabel.                                                        4. Balance between fixed and variabel allowances.
    a. Anggota Dewan Komisaris diangkat oleh RUPS untuk            a. Members of the Board of Commissioners are
        masa jabatan 2 tahun, tanpa mengurangi hak RUPS                appointed by the GMS for a term of 2 years, without          Struktur dan Besaran Remunerasi                                              Remuneration Structure and Amount
        untuk memberhentikan sewaktu-waktu; dan                        prejudice to the rights of GMS right to dismiss them at      Struktur remunerasi yang diterima oleh Dewan Komisaris,                      The remuneration structure received by the Board of
    b. Kandidat anggota Dewan Komisaris merupakan Warga                any time; and                                                Dewan Pengawas Syariah, dan Direksi meliputi gaji, bonus,                    Commissioners, Sharia Supervisory Board, and Board of
        Negara Indonesia dan/atau Warga Negara Asing yang          b. Candidates for members of the Board of                        tunjangan rutin, fasilitas lainnya dalam bentuk non-natura,                  Directors includes salaries, bonuses, routine allowances, other
        telah memenuhi syarat dan kriteria, sesuai dengan              Commissioners are Indonesian Citizens and/or Foreign         serta fasilitas lain dalam bentuk natura (perumahan,                         facilities in kind and other facilities in kind (housing, vehicles,
        ketentuan Otoritas Jasa Keuangan dan perundang-                Citizens who have met the requirements and criteria,         kendaraan, dan sebagainya).                                                  and so on).
        undangan lainnya.                                              based on the provisions of Financial Services Authority
                                                                       regulations and other laws and regulations.                  Remunerasi dan Fasilitas Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi
2. Dewan Pengawas Syariah                                       2. Sharia Supervisory Board                                         Remuneration and Facilities for the Board of Commissioners, Sharia Supervisory Board, and Board of Directors
   a. Anggota Dewan Pengawas Syariah diangkat oleh                 a. Members of Sharia Supervisory Board are appointed
                                                                                                                                                                                                                     Jumlah Diterima dalam 1 tahun
       RUPS untuk masa jabatan 2 tahun, tanpa mengurangi               by the GMS for a term of 2 years, without prejudice to                                                                                          Amount Received in 1 Year
       hak RUPS untuk memberhentikan sewaktu-waktu; dan                the GMS’s right to dismiss them at any time; and
   b. Kandidat anggota Dewan Pengawas Syariah                      b. Candidates for members of the Sharia Supervisory Board            Jenis Remunerasi dan Fasilitas Lain                Dewan Komisaris              Dewan Pengawas Syariah                 Direksi
                                                                                                                                     Types of Remuneration and Other Facilities         Board of Commissioners          Sharia Supervisory Board          Board of Directors
       merupakan Warga Negara Indonesia yang telah                     are Indonesian Citizens who have met the requirements
       memenuhi syarat dan kriteria sebagai Dewan                      and criteria for being a member of Sharia Supervisory                                                            Orang       Jutaan Rp          Orang          Jutaan Rp        Orang         Jutaan Rp
                                                                                                                                                                                        Person      Million Rp         Person         Million Rp       Person        Million Rp
       Pengawas Syariah, sesuai dengan ketentuan Otoritas              Board based on the provisions of Financial Services
       Jasa Keuangan dan perundang-undangan lainnya.                   Authority regulations and other laws and regulations.         Gaji, bonus, tunjangan rutin, fasilitas lainnya
                                                                                                                                     dalam bentuk non-natura
3. Direksi                                                         3. Board of Directors                                                                                                  6           3.180                2             246              6           26.934
                                                                                                                                     Salary, bonuses, regular allowances, other
   a. Anggota Direksi diangkat oleh RUPS untuk masa                a. Members of Board of Directors are appointed by the             non-monetary facilities
       jabatan 2 tahun, tanpa mengurangi hak RUPS untuk                GMS for a term of 2 years, without prejudice to the           Fasilitas lain dalam bentuk natura (perumahan,
       memberhentikan sewaktu-waktu;                                   GMS’s right to dismiss them at any time;                      Kendaraan, dan lain sebagainya) yang:
                                                                                                                                     Other facilities in the form of benefits in kind
   b. Kandidat anggota Direksi merupakan Warga Negara              b. Candidates for members of the Board of Directors
                                                                                                                                     (housing, vehicles, and others) that:
       Indonesia dan/atau Warga Negara Asing yang                      are Indonesian Citizens and/or Foreign Citizens who
                                                                                                                                     a. Dapat dimiliki / Can be owned                      -              -                -                -              -                -
       telah memenuhi syarat dan kriteria, sesuai dengan               have met the requirements and criteria based on the
                                                                                                                                     b. Tidak dapat dimiliki / Cannot be owned            1            248                 -                -             6            2.049
       ketentuan Otoritas Jasa Keuangan dan perundang-                 provisions of Financial Services Authority regulations
                                                                                                                                     Total                                                7          3.428                 2             246             12           28.983
       undangan lainnya; dan                                           and other laws and regulations; and
   c. Pengangkatan, pemberhentian, dan/atau penggantian            c. The appointment, dismissal and/or replacement of
       anggota Direksi harus memperhatikan rekomendasi dari            members of the Board of Directors must considering the
       Dewan Komisaris atau Komite Nominasi dan Remunerasi.            recommendations from the Board of Commissioners or
                                                                       the Nomination and Remuneration Committee.




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Informasi Lain terkait Tata Kelola Remunerasi                     Other Information related to Remuneration                       Pelatihan dan/atau Peningkatan                                          Competency Training and/or Development
                                                                  Governance                                                      Kompetensi Dewan Komisaris, Dewan                                       for the Board of Commissioners, Sharia
Pada tahun 2023, tidak terdapat perselisihan internal             In 2023, there were no internal disputes within the Company     Pengawas Syariah, dan Direksi                                           Supervisory Board, and Board of Directors
di Perseroan yang berkaitan dengan intervensi pemilik,            related to owner intervention, internal disputes, or problems
perselisihan internal atau permasalahan yang timbul sebagai       resulting from remuneration policies.                           Adapun pengembangan kompetensi yang diikuti oleh Dewan                  Throughout 2023, the Board of Commissioners, Sharia
dampak kebijakan remunerasi bagi Perseroan.                                                                                       Komisaris, Dewan Pengawas Syariah, dan Direksi selama tahun             Supervisory Board, and Board of Directors attended
                                                                                                                                  2023 sebagai berikut:                                                   competency development programs as follows:


                                                                                                                                   Nama dan Jabatan                                    Materi                                 Waktu               Penyelenggara
                                                                                                                                   Name and Position                                   Material                               Date                  Organizer
Pelatihan dan/atau Peningkatan Kompetensi Dewan                                                                                    Dewan Komisaris / Board of Commissioners

Komisaris, Dewan Pengawas Syariah, dan Direksi                                                                                     Indra Widjaja
                                                                                                                                   Presiden Komisaris
                                                                                                                                                          Implementation of General Data Protection Regulation Workshop.     Mei / May     Risk Advisory and Performance

                                                                                                                                                          Refreshment Risk Management “Implementation of Internal
Competency Training and/or Development for the Board of                                                                            President
                                                                                                                                   Commissioner           Control in Insurance.
                                                                                                                                                                                                                            November       Risk Advisory and Performance

Commissioners, Sharia Supervisory Board, and Board of Directors                                                                                           Implementation of General Data Protection Regulation Workshop.     Mei / May     Risk Advisory and Performance
                                                                                                                                   Toshinari Tokoi
                                                                                                                                   Komisaris
                                                                                                                                   Commissioner           Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                            November       Risk Advisory and Performance
                                                                                                                                                          Control in Insurance.

                                                                                                                                   Hideaki Nomura         Implementation of General Data Protection Regulation Workshop.     Mei / May     Risk Advisory and Performance
Kebijakan Pelatihan dan/atau Peningkatan                          Policy on Competency Training and/or                             Komisaris              Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                            November       Risk Advisory and Performance
                                                                                                                                   Commissioner
Kompetensi Dewan Komisaris, Dewan                                 Development for the Board of                                                            Control in Insurance.

Pengawas Syariah, dan Direksi                                     Commissioners, Sharia Supervisory Board,                         Ardhayadi
                                                                                                                                                          The Role of Government Risk & Compliance (GRC) in Supporting       Februari /
                                                                                                                                                                                                                                                    OJK Institute
                                                                  and Board of Directors                                           Mitroatmodjo
                                                                                                                                                          Financial Sector Performance.                                      February
                                                                                                                                   Komisaris Independen   Implementation of General Data Protection Regulation Workshop.     Mei / May      Risk Advisory and Performance
                                                                                                                                   Independent
Perseroan memiliki kebijakan terkait pengembangan                 The Company has policies related to the competency                                      Refreshment Risk Management “Implementation of Internal
                                                                                                                                   Commissioner                                                                             November        Risk Advisory and Performance
kompetensi Dewan komisaris, Dewan Pengawas Syariah, dan           development of the Board of Commissioners, Sharia                                       Control in Insurance.

Direksi guna memastikan tugas dan tanggung jawab anggota          Supervisory Board, and Board of Directors to ensure that         Sidharta Akmam         Implementation of General Data Protection Regulation Workshop.     Mei / May      Risk Advisory and Performance
                                                                                                                                   Komisaris Independen
Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi              the duties and responsibilities of the members of these                                 Refreshment Risk Management “Implementation of Internal
                                                                                                                                   Independent                                                                              November        Risk Advisory and Performance
dilaksanakan secara efektif, efisien, serta sejalan dengan        boards are carried out effectively, efficiently, and in line     Commissioner           Control in Insurance.
perkembangan bisnis terkini. Anggota Dewan Komisaris,             with current business developments. Members of the                                      Pernyataan Standar Akuntansi Keuangan 74 (Kontrak Asuransi) &
                                                                                                                                                                                                                                             Risiko Manajemen Gagasan
Dewan Pengawas Syariah, dan Direksi diberikan kesempatan          Board of Commissioners, Sharia Supervisory Board, and                                   Pernyataan Standar Akuntansi Keuangan 17 (Instrumen Keuangan)
                                                                                                                                                                                                                                           Lembaga Pengembangan Profesi
untuk meningkatkan kompetensi, dengan mengikuti program           Board of Directors are given opportunities to enhance their                             Persiapan Parralel Run bagi Pelaku Industri Asuransi.
                                                                                                                                                                                                                             Februari /      Risk Management Ideas of
                                                                                                                                                          Statement of Financial Accounting Standards 74 (Insurance
pendidikan/pelatihan, sertifikasi, training, seminar, workshop,   competencies by participating in education/training programs,                           Contracts) and Statement of Financial Accounting Standards
                                                                                                                                                                                                                             February        Professional Development
                                                                                                                                   Nazly Parlindungan                                                                                                Institution
e-learning, dan sebagainya sesuai dengan ketersediaan             certifications, training sessions, seminars, workshops,          Siregar                17 (Financial Instruments) are for Parallel Run Preparation for
anggaran dan kebutuhan Perseroan.                                 e-learning, and other relevant activities according to the       Komisaris Independen   Insurance Industry Players.

                                                                  Company’s budget availability and needs.                         Independent            Implementation of General Data Protection Regulation Workshop.     Mei / May      Risk Advisory and Performance
                                                                                                                                   Commissioner
                                                                                                                                                          Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                            November        Risk Advisory and Performance
                                                                                                                                                          Control in Insurance.
                                                                                                                                                          For Attending Digital and Risk Management in Insurance 2023        Oktober /
                                                                                                                                                                                                                                           Asosiasi Asuransi Jiwa Indonesia
                                                                                                                                                          ”Entering the New Wolrd 4.0 Technology Beyond Imagination”.        October
                                                                                                                                   Dewan Pengawas Syariah / Sharia Supervisory Board
                                                                                                                                   Endy Muhammad          Implementation of General Data Protection Regulation Workshop.     Mei / May      Risk Advisory and Performance
                                                                                                                                   Astiwara
                                                                                                                                   Ketua                  Refreshment Risk Management “Implementation of Internal
                                                                                                                                                                                                                            November        Risk Advisory and Performance
                                                                                                                                   Chairman               Control in Insurance.




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         Perusahaan                                                                                                                                                                                                                              Governance




 Nama dan Jabatan
 Name and Position
                                                   Materi
                                                   Material
                                                                                           Waktu
                                                                                           Date
                                                                                                             Penyelenggara
                                                                                                               Organizer
                                                                                                                                         Hubungan Afiliasi Dewan Komisaris,
 Ahmadi Sukarno          Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance      Dewan Pengawas Syariah, dan Direksi
 Anggota
 Member
                         Refreshment Risk Management “Implementation of Internal
                         Control in Insurance.
                                                                                          November    Risk Advisory and Performance      Affiliations of the Board of Commissioners, Sharia Supervisory Board,
 Direksi / Board of Directors
                                                                                                                                         and Board of Directors
                         Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance
 Wianto                  For Attending Digital and Risk Management in Insurance 2023      Oktober /
                                                                                                      Asosiasi Asuransi Jiwa Indonesia
 Presiden Direktur       ”Entering the New Wolrd 4.0 Technology Beyond Imagination”.      October
 President Director                                                                                                                      Berdasarkan      Peraturan    Otoritas    Jasa     Keuangan   Based on OJK Regulation No. 73/POJK.05/2016 on Good
                         Refreshment Risk Management “Implementation of Internal
                                                                                          November    Risk Advisory and Performance      No. 73/POJK.05/2016 tentang Tata Kelola Perusahaan yang       Corporate Governance for Insurance Companies, member
                         Control in Insurance.
                                                                                                                                         Baik bagi Perusahaan Perasuransian, anggota Dewan Komisaris   of the Board of Commissioners of an insurance company
 Satoshi Shiratani       Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance
 Wakil Presiden
                                                                                                                                         perusahaan perasuransian wajib mengungkapkan hubungan         must disclose any financial relationship (debts and business
 Direktur                Refreshment Risk Management “Implementation of Internal                                                         keuangan (utang-piutang dan kerja sama bisnis) dan hubungan   cooperation) and family ties (spouse/child/parent/sibling/in-
 Deputy President                                                                         November    Risk Advisory and Performance
                         Control in Insurance.                                                                                           keluarga (suami/istri/anak/orang tua/saudara kandung/         law) with member of the Board of Commissioners, member
 Director
                                                                                                                                         ipar) dengan anggota Dewan Komisaris, anggota Direksi,        of the Sharia Supervisory Board, member of the Board of
 Herman Sulistyo         Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance      anggota Dewan Pengawas Syariah, dan/atau pemegang             Directors, and/or controlling shareholder. Until the end of
 Direktur                Refreshment Risk Management “Implementation of Internal
                                                                                          November    Risk Advisory and Performance      saham pengendali. Hingga akhir tahun 2023, seluruh Dewan      2023, all members of the Board of Commissioners, Sharia
 Director                Control in Insurance.
                                                                                                                                         Komisaris, Dewan Pengawas Syariah, dan Direksi Perseroan      Supervisory Board, and Board of Directors of the Company
 Tomoyuki Monden         Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance      tidak memiliki hubungan keuangan dan keluarga dengan          did not have financial and family relationships with other
 Direktur                Refreshment Risk Management “Implementation of Internal                                                         Dewan Komisaris, Dewan Pengawas Syariah, Direksi, serta       members of the Board of Commissioners, Sharia Supervisory
 Director                                                                                 November    Risk Advisory and Performance
                         Control in Insurance.                                                                                           pemegang saham lainnya.                                       Board, Board of Directors, and other shareholders.
                         Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance
 Andrew Bain             For Attending Digital and Risk Management in Insurance 2023      Oktober /
                                                                                                      Asosiasi Asuransi Jiwa Indonesia
 Direktur                ”Entering the New Wolrd 4.0 Technology Beyond Imagination.       October
 Director
                         Refreshment Risk Management “Implementation of Internal
                                                                                          November    Risk Advisory and Performance
                         Control in Insurance.

 Ken Tarada              Implementation of General Data Protection Regulation Workshop.   Mei / May   Risk Advisory and Performance
 Direktur
 Director
                         Refreshment Risk Management “Implementation of Internal
                         Control in Insurance.
                                                                                          November    Risk Advisory and Performance      Komite Pendukung Dewan Komisaris
                                                                                                                                         Board of Commissioners’ Supporting Committees
Program Orientasi bagi Dewan Komisaris,                                 Orientation Program for the Board of
Dewan Pengawas Syariah, dan Direksi Baru                                Commissioners, Sharia Supervisory Board,                         Komite Audit                                                  Audit Committee
                                                                        and Board of Directors
                                                                                                                                         Komite Audit merupakan organ Perseroan yang berfungsi         The Audit Committee is a Company organ responsible for
Pada tahun 2023, Perseroan tidak melaksanakan program                   In 2023, the Company did not conduct an orientation program      untuk mengawasi efektivitas sistem pengendalian internal      supervise the effectiveness of internal control and risk
orientasi bagi Dewan Komisaris, Dewan Pengawas Syariah,                 for the Board of Commissioners, Sharia Supervisory Board,        dan sistem manajemen risiko, pelaksanaan audit, serta         management systems, audit implementation, and GCG
dan/atau Direksi dikarenakan tidak terdapat anggota baru.               and/or Board of Directors since there were no new members.       implementasi GCG. Komite ini dapat memengaruhi manajemen      implementation. This committee can influence management
                                                                                                                                         dalam penyusunan laporan keuangan, sesuai dengan              in preparing financial reports, in accordance with applicable
                                                                                                                                         ketentuan yang berlaku.                                       regulations.


                                                                                                                                         Pedoman Kerja Komite Audit                                    Audit Committee’s Work Guidelines
                                                                                                                                         Komite Audit telah memiliki Pedoman Kerja Komite Audit yang   The Audit Committee has adopted Audit Committee’s Working
                                                                                                                                         terakhir kali diperbarui pada tanggal 27 Juni 2023.           Guidelines, which were last updated on June 27, 2023.


                                                                                                                                         Tugas dan Tanggung Jawab Komite Audit                         Duties and Responsibilities of the Audit Committee
                                                                                                                                         Tugas dan tanggung jawab Komite Audit diuraikan sebagai       The duties and responsibilities of the Audit Committee are
                                                                                                                                         berikut:                                                      described as follows:
                                                                                                                                         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;




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3. Memastikan Direksi melakukan tindak lanjut atas hasil                3. To ensure that the Board of Directors follows up on the         Profil Komite Audit
    temuan auditor internal, auditor eksternal, dan hasil                  findings of inetrnal and external auditors and results of       Profile of the Audit Committee
    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/
    didasarkan pada independensi, ruang lingkup penugasan,                 accountants based on independency, assignment scope,                                                                Karel Tjahjadi
    dan imbalan jasa;                                                      and fees;
                                                                                                                                                                                               Anggota
5. Menelaah dan memberikan pendapat independen dalam                    5. To review and provide independent opinion in the event of                                                           Member
    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
                                                                                                                                                                                                          Kewarganegaraan                     Usia                             Domisili
    akan dikeluarkan Perseroan kepada publik dan/atau pihak                release to the public and/or authorities, including financial                                                                  Nationality                         Age                              Domicile
    otoritas, antara lain laporan keuangan, proyeksi, dan laporan          statements, projections, and other reports related to the                                                                      Warga Negara Indonesia              58 tahun / years old             Indonesia
    lainnya terkait dengan informasi keuangan Perseroan;                   Company’s financial information;                                                                                               Indonesian Citizen
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
                                                                                                                                           Dasar Hukum Pengangkatan dan Periode Menjabat                                  Legal Basis of Appointment and Term of Office
    peraturan perundang-undangan di bidang perasuransian;                  provisions of laws and regulations in insurance sector;         2023-2025      Keputusan Rapat Dewan Komisaris Perseroan                       2023-2025 Resolution of the Company’s Board of Commissioners
8. Melakukan penelaahan atas ketaatan terhadap peraturan                8. To review compliance with laws and regulations related to                      No. 21/AJSMSIG-SK/VII/2023 tanggal 21 Juli 2023.                          Meeting No. 21/AJSMSIG-SK/VII/2023 dated July 21, 2023.
    perundang-undangan yang berhubungan dengan kegiatan                    the Company’s activities;                                       Riwayat Pendidikan                                                             Educational Background
    Perseroan;                                                                                                                             2003           Magister Manajemen dari Universitas Tarumanegara;               2008-2010 Master of Management from Tarumanegara University;
                                                                                                                                                          dan                                                                       and
9. Menelaah pengaduan yang berkaitan dengan proses                      9. To review complaints related to the Company’s accounting        1988           Sarjana EKonomi dari Universitas Tarumanegara.                  2006-2008 Bachelor of Economics from Tarumanegara University.
    akuntansi dan pelaporan keuangan Perseroan;                             process and financial reporting;                               Sertifikasi Profesi                                                            Professional Certification
10. Menelaah dan memberikan saran kepada Dewan Komisaris                10. To review and provide the Board of Commissioners with          2008-2010      Bank Risk Management, Level 3 & 4 Certification dari            2008-2010 Bank Risk Management, Level 3 & 4 Certification from the
                                                                                                                                                          Badan Sertifikasi Manajemen Risiko; dan                                   Risk Management Certification Agency; and
    terkait dengan adanya potensi benturan kepentingan                      suggetions regarding the potential conflicts of interest in
                                                                                                                                           2006-2008      Bank Risk Management, Level 1 & 2 Certification dari            2006-2008 Bank Risk Management, Level 1 & 2 Certification from the
    perusahaan;                                                             the Company;                                                                  Badan Sertifikasi Manajemen Risiko.                                       Risk Management Certification Agency.
11. Menjaga kerahasiaan dokumen, data, dan informasi                    11. To maintain the confidentiality of the Company’s               Perjalanan Karier                                                              Career History
    Perseroan;                                                              documents, data, and information;                              2002-2020      Senior Vice President/Director, Internal Auditor Head           2002-2020 Senior Vice President/Director, Internal Auditor Head
                                                                                                                                                          MUFG Bank Ltd., Indonesia;                                                MUFG Bank Ltd., Indonesia;
12. Mengevaluasi Pedoman Kerja Komite Audit secara berkala              12. To evaluate the Audit Committee Work Guidelines                2000-2002      Director of Compliance & Risk Management PT Bank                2000-2002 Director of Compliance & Risk Management PT Bank
    disesuaikan dengan perkembangan ketentuan peraturan                     periodically according to the updated provisions of laws                      Harmoni International (saat ini bernama Bank Index);                      Harmoni International (currently Bank Index);
                                                                                                                                           1999-2000      Internal Audit Division Head PT Bank Mayora;                    1999-2000 Internal Audit Division Head PT Bank Mayora;
    perundang-undangan; dan                                                 and regulations; and                                           1993-1999      Head of Coordinator of Accounting, Finance, and Internal        1993-1999 Head of Coordinator of Accounting, Finance, and Internal
13. Melakukan identifikasi hal-hal lain yang menurut Komite             13. To identify matters that the Committee believes may                           Audit PT Bank Mashill Utama Tbk; dan                                      Audit PT Bank Mashill Utama Tbk; and
    memerlukan perhatian Dewan Komisaris.                                   require the attention of the Board of Commissioners.           1990-1993      Operation Audit Manager PT Bank Bali Tbk.                       1990-1993 Operation Audit Manager PT Bank Bali Tbk.
                                                                                                                                           Rangkap Jabatan di Luar Perseroan                                              Concurrent Positions Outside the Company
                                                                                                                                           2020-sekarang Anggota Komite Audit dan Komite Pemantau Risiko                  2020-now    Member of the Audit Committee and Risk Monitoring
Komposisi Komite Audit                                                  Composition of the Audit Committee                                               PT Hino Finance Indonesia; dan                                               Committee of PT Hino Finance Indonesia; and
Anggota Komite Audit paling kurang terdiri dari 3 orang, yaitu 1        The Audit Committee consists of a minimum of 3 members,            2000-sekarang Dosen Program Studi Ilmu Manajemen di Sekolah Tinggi             2020-now    Lecturer in the Management Science Study Program at
orang di antaranya sebagai ketua Komite Audit yang merangkap            including 1 member who serves as the Chairman of the Audit                       Manajemen Trisakti.                                                          Trisakti College of Management

sebagai Komisaris Independen, 1 orang sebagai anggota                   Committee and concurrently as an Independent Commissioner, 1       Rangkap Jabatan di Dalam Perseroan                                             Concurrent Positions within the Company
                                                                                                                                           Saat ini beliau tidak memiliki rangkap jabatan di Perseroan.                   Currently, he does not have concurrent positions at the company.
yang ahli di bidang audit, keuangan, dan/atau akuntansi,                member who is an expert in auditing, finance, and/or accounting,
                                                                                                                                           Hubungan Afiliasi                                                              Affiliations
serta 1 orang anggota yang ahli di bidang hukum dan/atau                and 1 member who is an expert in legal and/or insurance            Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/               He has no financial relationship, share ownership, and/or family ties
perasuransian. Berikut komposisi Komite Audit Perseroan per             matters. The composition of the Company’s Audit Committee          atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                   with members of the Board of Commissioners, Sharia Supervisory
                                                                                                                                           Syariah, Direksi, dan/atau pemegang saham utama dan pengendali,                Board, Board of Directors, and/or major and controlling shareholders,
31 Desember 2023 yang diangkat berdasarkan Surat                        as of December 31, 2023, appointed based on Decision Letter        baik langsung maupun tidak langsung.                                           either directly or indirectly.
Keputusan No. 21/AJSMSIG-SK/VII/2023 tentang Susunan                    No. 21/AJSMSIG-SK/VII/2023 regarding the Composition of the
                                                                                                                                           Kepemilikan Saham di Perseroan                                                 Share Ownership in the Company
Anggota Komite Audit Perseroan:                                         Company’s Audit Committee Members, is as follows:                  Tidak ada.                                                                     None


           Nama                 Jabatan        Jabatan di Perseroan            Periode Menjabat                     Keahlian
           Name                 Position      Position at the Company           Term of Office                      Expertise

                              Ketua           Komisaris Independen                                      Bidang Akuntansi dan Pajak
 Nazly Parlindungan Siregar                                                         2020-2024
                              Chairman        Independent Commissioner                                  Accounting and Tax Sector
                              Anggota         Pihak Independen                                          Bidang Keuangan dan Akuntansi
 Karel Tjahjadi                                                                     2023-2025
                              Member          Independent Party                                         Finance and Accounting
                              Anggota         Pihak Independen                                          Bidang Perasuransian
 Bambang Santoso Marsoem                                                            2023-2025
                              Member          Independent Party                                         Insurance Sector
 Profil lengkap ketua Komite Audit dapat dilihat pada bab Profil Perusahaan bagian Profil Dewan Komisaris.
 See full profile of the Chairman of Audit Committee in the Company Profile chapter in the Board of Commissioners’ Profile section.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
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         Perusahaan                                                                                                                                                                                                                                                                                 Governance




                                                                                                                                                       Pernyataan Independensi Komite Audit                                                    Independency Statement of Audit Committee
                                                                                                                                                       Komite Audit Perseroan bertindak secara independen, mandiri,                            The company’s Audit Committee acts independently,
                                                                                                                                                       dan profesional serta bebas dari benturan kepentingan                                   discretely, and professionally and is free from from conflcts
                                                                                                                                                       dan pengaruh atau tekanan dari pihak manapun dalam                                      of interest and influence or pressure from any patty in
                                                                                                                                                       melaksanakan tugas dan tanggung jawabnya.                                               performing its duties and responsibilities.
                                                    Bambang Santoso Marsoem
                                                    Anggota                                                                                            Rapat Komite Audit                                                                      Audit Committee’s Meetings
                                                    Member                                                                                             Berdasarkan Piagam Komite Audit, Komite Audit dapat                                     Based on the Audit Committee Charter, the Audit Committee
                                                                                                                                                       melakukan rapat setiap bulan. Berikut rincian kehadiran rapat                           may hold a meeting every month. The following are the details of
                                                                                                                                                       masing-masing anggota Komite Audit sepanjang tahun 2023:                                attendance of each Audit Committee member throughout 2023:

                                                               Kewarganegaraan                     Usia                             Domisili
                                                               Nationality                         Age                              Domicile                                                                                                                                                        Kehadiran
                                                                                                                                                               Nama                  Jabatan                    Total Rapat                            Total Kehadiran
                                                               Warga Negara Indonesia              70 tahun / years old             Indonesia                                                                                                                                                      Attendance
                                                               Indonesian Citizen                                                                              Name                  Position                  Total Meetings                         Total Attendance
                                                                                                                                                                                                                                                                                                       (%)

                                                                                                                                                        Nazly Parlindungan        Ketua
                                                                                                                                                                                                                        12                                       11                                     91,67
Dasar Hukum Pengangkatan dan Periode Menjabat                                  Legal Basis of Appointment and Term of Office                            Siregar                   Chairman
2023-2025       Keputusan Rapat Dewan Komisaris Perseroan                      2023-2025 Resolution of the Company’s Board of Commissioners
                No. 21/AJSMSIG-SK/VII/2023 tanggal 21 Juli 2023.                         Meeting No. 21/AJSMSIG-SK/VII/2023 dated July 21, 2023.                                  Anggota
                                                                                                                                                        Okamoto Yoshiro*                                                6                                        6                                       100
                                                                                                                                                                                  Member
Riwayat Pendidikan                                                             Educational Background
2000            Doctor of Philosophy (PhD) in International Economics          2000        Doctor of Philosophy (PhD) in International Economics                                  Anggota
                                                                                                                                                        Adam Hartono*                                                   6                                        6                                       100
                dari North Carolina State University, Raleigh, NC, USA;                    from North Carolina State University, Raleigh, NC, USA;                                Member
1987            Master of Arts in International Economics dari Duke            1987        Master of Arts in International Economics from Duke                                    Anggota
                University, Durham, NC, USA; dan                                           University, Durham, NC, USA; and                             Karel Tjahjadi**                                                6                                        6                                       100
                                                                                                                                                                                  Member
1979            Sarjana Bisnis dari Universitas Gadjah Mada.                   1979        Bachelor of Business from Gadjah Mada University.
                                                                                                                                                        Bambang Santoso           Anggota
Sertifikasi Profesi                                                            Professional Certification                                                                                                               6                                        6                                       100
                                                                                                                                                        Marsoem**                 Member
2019            Sertifikat Komisaris Profesional dari Intipesan;               2019        Professional Commissioner Certificate from Intipesan;
2016            Sertifikat Kompetensi pada bidang Manajemen                    2016        Competency Certificate in the field of Insurance Company    * Efektif berhenti menjabat sebagai Komite Audit sejak tanggal 27 Juni 2023. / Effectively resigned as Audit Committee since June 27, 2023.
                Risiko Perusahaan Perasuransian dari Badan Nasional                        Risk Management from the National Professional              ** Efektif menjabat sebagai anggota Komite Audit sejak tanggal 27 Juni 2023. / Effectively serves as member of the Audit Committee since June 27, 2023.
                Sertifikasi Profesi; dan                                                   Certification Agency; and
2015            Kualifikasi     “Manajemen        Risiko     Perusahaan        2015        Qualification “Level 5 Insurance Company Risk               Pelaksanaan Tugas Komite Audit                                                          Implementation of Audit Committee’s Duties
                Perasuransian Tingkat 5” dari Asosiasi Ahli Manajemen                      Management” from the Association of Indonesian              Sepanjang tahun 2023, Komite Audit telah melaksanakan                                   Throughout 2023, the Audit Commitee performed the
                Asuransi Indonesia.                                                        Insurance Management Experts.
                                                                                                                                                       tugas dan tanggung jawab sebagai berikut:                                               following duties and responsibilities:
Perjalanan Karier                                                              Career History
                                                                                                                                                       1. Meninjau dan menyetujui rencana audit termasuk                                       1. Reviewed and approved the audit plan, including updates
2015-2023       Komisaris Independen PT Asuransi Cigna;                        2015-2023 Independent Commissioner of PT Asuransi Cigna;
2010-2013       Tenaga Pengkaji pada Direktorat Jenderal Kekayaan              2010-2013 Reviewer at the Directorate General of State Assets,             pembaruan rencana audit tahun 2023;                                                      to the 2023 audit plan;
                Negara, Kementerian Keuangan;                                            Ministry of Finance;                                          2. Memantau kemajuan dan kegiatan rencana audit;                                        2. Monitored the progress and activities of the audit plan;
2009-2011       Komisaris PT Marga Mandala Sakti;                              2009-2011 Commissioner of PT Marga Mandala Sakti;
2007-2010       Direktur Hukum dan Informasi, Direktorat Jenderal              2007-2010 Director of Law and Information, Directorate General of       3. Memantau status temuan audit, terutama masalah yang                                  3. Monitored the status of audit findings, especially
                Kekayaan Negara, Kementerian Keuangan; dan                               State Assets, Ministry of Finance; and                           terlambat ditindaklanjuti;                                                               unresolved issues;
2006-2007       Direktur Barang Milik Negara II, Direktorat Jenderal           2006-2007 Director of State Property II, Directorate General of
                Kekayaan Negara, Kementerian Keuangan.                                   State Assets, Ministry of Finance.                            4. Menyusun laporan hasil evaluasi atas pelaksanaan                                     4. Prepared a report on the evaluation results of the
Rangkap Jabatan di Luar Perseroan                                              Concurrent Positions Outside the Company                                   pemeberian jasa audit atas informasi keuangan historis                                   provision of annual historical financial information audit
2013-sekarang Associate Professor (Lektor Kepala) Bidang Studi                 2013-now    Associate Professor (Head Professor) in Financial              tahunan oleh akuntan publik; dan                                                         services by public accountants; and
              Keuangan Universitas Mercu Buana.                                            Studies, Mercu Buana University.
                                                                                                                                                       5. Mengesahkan penunjukan akuntan publik perusahaan.                                    5. Approved the appointment of the Company’s public
Rangkap Jabatan di Dalam Perseroan                                             Concurrent Positions within the Company                                                                                                                             accountants.
Saat ini beliau tidak memiliki rangkap jabatan di Perseroan.                   Currently, he does not have concurrent positions at the company.
Hubungan Afiliasi                                                              Affiliations
Beliau tidak memiliki hubungan keuangan, kepemilikan saham, dan/               He has no financial relationship, share ownership, and/or family ties
                                                                                                                                                       Pelatihan dan/atau Peningkatan Kompetensi                                               Competency Training and/or Development
atau keluarga dengan anggota Dewan Komisaris, Dewan Pengawas                   with members of the Board of Commissioners, Sharia Supervisory          Komite Audit                                                                            Programs for Audit Committee
Syariah, Direksi, dan/atau pemegang saham utama dan pengendali,                Board, Board of Directors, and/or major and controlling shareholders,
baik langsung maupun tidak langsung.                                           either directly or indirectly.
                                                                                                                                                       Adapun pengembangan kompetensi yang diikuti oleh anggota                                Throughout 2023, the Audit Committee attended competency
                                                                                                                                                       Komite Audit selama tahun 2023 sebagai berikut:                                         development programs as follows:
Kepemilikan Saham di Perseroan                                                 Share Ownership in the Company
Tidak ada.                                                                     None

                                                                                                                                                           Nama dan Jabatan                                            Materi                                           Waktu                    Penyelenggara
                                                                                                                                                           Name and Position                                           Material                                         Date                       Organizer

                                                                                                                                                        Nazly Parlindungan Siregar        Dapat dilihat pada bagian Pelatihan dan/atau Peningkatan Kompetensi Dewan Komisaris.
                                                                                                                                                        Ketua                             These responsibilities can be seen in the Training and/or Competency Development for the Board of
                                                                                                                                                        Chairman                          Commissioners.
                                                                                                                                                                                          Peran Dosen dalam Dunia Usaha dan Dunia Industri sebagai
                                                                                                                                                                                          Komite Audit dan Komite Pemantau Risiko.                                      Januari /
                                                                                                                                                                                                                                                                                         Perbanas Institute
                                                                                                                                                                                          Lecturers’ Roles in the Business and Industrial World as Audit                January
                                                                                                                                                                                          Committee and Risk Monitoring Committee.
                                                                                                                                                        Karel Tjahjadi
                                                                                                                                                        Anggota                           Town Hall Meeting “Penerapan Governance, Risk, and
                                                                                                                                                        Member                            Compliance Terintegrasi untuk Tata Kelola dan Meningkatkan
                                                                                                                                                                                          Pengelolaan Risiko yang Lebih Baik”.                                          Januari /        Institut Auditor Internal –
                                                                                                                                                                                          Town Hall Meeting on “Implementation of Integrated                            January          Indonesia Chapter
                                                                                                                                                                                          Governance, Risk, and Compliance for Governance and
                                                                                                                                                                                          Enhancing Better Risk Management.”



             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
160          Laporan Tahunan 2023                                                                                                                                                                                                                                                       2023 Annual Report             161
Page 83
         Tata Kelola                                                                                                                                                                                                                                                                              Good Corporate
         Perusahaan                                                                                                                                                                                                                                                                                  Governance




   Nama dan Jabatan                                  Materi                                   Waktu                Penyelenggara                        Nama                  Jabatan                        Jabatan di Perseroan                               Periode Menjabat                         Keahlian
   Name and Position                                 Material                                 Date                   Organizer                          Name                  Position                     Positions at the Company                              Term of Office                          Expertise

                                                                                                            Penelitian dan Pengabdian                                      Ketua                 Komisaris Independen                                                                           Bidang Ekonomi
                                                                                                                                                Sidharta Akmam                                                                                                         2021-2023
                                                                                                            Masyarakat – Trisakti School of                                Chairman              Independent Cpmmissioner                                                                       Economic Sector
                            Sharing Session Pengenalan Scopus dan Software Harzing.
                                                                                                            Management                                                     Anggota               Komisaris                                                                                      Bidang Hukum
                            Sharing Session on the Introduction of Scopus and Harzing        Juli / July                                        Toshinari Tokoi                                                                                                        2021-2023
                                                                                                            Research and Community                                         Member                Cpmmissioner                                                                                   Legal Sector
                            Software.
                                                                                                            Service – Trisakti School of
                                                                                                            Management                                                     Anggota                                                                                                              Bidang Perasuransian
                                                                                                                                                Renova Siregar                                   Chief Compliance, Legal & Corporate Secretary                           2023*
                                                                                                                                                                           Member                                                                                                               Insurance Sector
                                                                                                            Penelitian dan Pengabdian
                                                                                                            Masyarakat – Trisakti School of                                Anggota                                                                                                              Bidang Manajemen Risiko
                                                                                                                                                Troy Steve Kipuw                                 Head of Risk Management                                                 2023*
                                                                                                            Management                                                     Member                                                                                                               Risk Management Sector
                            Guide to Get Publish by Emerald Publishing.                      September
                                                                                                            Research and Community              Profil lengkap ketua dan anggota Komite Pemantau Risiko dapat dilihat pada bab Profil Perusahaan bagian Profil Dewan Komisaris, Profil
                                                                                                            Service – Trisakti School of        Pengurus Manajemen, dan Profil Pejabat Eksekutif.
                                                                                                            Management                          See full profile of the Chairman and Members of Risk Oversight Committee in the Company Profile chapter in the Board of Commissioners’
 Bambang Santoso                                                                                                                                Profile, Profile of the Board of Management, and Executive Officers’ Profile section.
 Marsoem
                            N/A                                                                 N/A         N/A                                * 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).
 Anggota
 Member
                                                                                                                                               Pernyataan Independensi Komite Pemantau Risiko                                               Independency Statement of Risk Oversight Committee
                                                                                                                                               Komite Pemantau Risiko Perseroan bertindak secara                                            The Company’s Risk Oversight Committee acts independently,
Komite Pemantau Risiko                                                    Risk Oversight Committee                                             independen, mandiri, dan profesional serta bebas dari                                        discretely, and professionally and is free from conflicts of
                                                                                                                                               benturan kepentingan dan pengaruh atau tekanan dari pihak                                    interest and influance or pressure from any party in carrying
Komite Pemantau Risiko dibentuk oleh Dewan Komisaris                      The Risk Monitoring Committee is established by the Board            manapun dalam melaksanakan tugas dan tanggung jawabnya.                                      out its duties and responsibilities.
untuk mengawasi pelaksanaan manajemen risiko oleh Direksi                 of Commissioners to supervise the implementation of risk
sekaligus menilai selera risiko (risk appetite) yang dapat diambil        management by the Board of Directors and to assess the risk          Rapat Komite Pemantau Risiko                                                                 Risk Oversight Committee’s Meeting
oleh Perseroan selama operasional usaha berlangsung.                      appetite that the Company can take during its business operations.   Berdasarkan Piagam Komite Pemantau Risiko, Komite                                            Based on the Risk Oversight Committee Charter, the Risk
                                                                                                                                               Pemantau Risiko dapat melakukan rapat paling sedikit 1 kali                                  Oversight Committee can hold a meeting at least 1 time in 3
Pedoman Kerja Komite Pemantau Risiko                                      Risk Oversight Committee’s Work Guidelines                           dalam 3 bulan. Berikut rincian kehadiran rapat masing-masing                                 months. Following are the details of meeting attendance for
Komite Pemantau Risiko telah memiliki Pedoman Kerja Komite                The Risk Oversight Committee has Risk Oversight Committee’s          anggota Komite Pemantau Risiko sepanjang tahun 2023:                                         each member of the Risk Oversight Committee throughout 2023:
Pemantau Risiko yang terakhir kali diperbarui pada tanggal                Work Guidelines, which were last updated on June 27, 2023.
27 Juni 2023.                                                                                                                                                                                                                                                                                       Kehadiran
                                                                                                                                                        Nama                  Jabatan                      Total Rapat                               Total Kehadiran
                                                                                                                                                                                                                                                                                                   Attendance
                                                                                                                                                        Name                  Position                    Total Meetings                            Total Attendance
Tugas dan Tanggung Jawab Komite Pemantau Risiko                           Duties and Responsibilities of Risk Oversight                                                                                                                                                                                (%)
                                                                          Committee
                                                                                                                                                                           Ketua
Tugas dan tanggung jawab Komite Pemantau Risiko diuraikan                 The duties and responsibilities of the Risk Oversight                 Sidharta Akmam                                                      4                                           4                                         100
                                                                                                                                                                           Chairman
sebagai berikut:                                                          Committee are described as follows:
1. Menilai efektivitas manajemen risiko termasuk menilai                  1. Assessing the effectiveness of risk management including                                      Anggota
                                                                                                                                                Toshinari Tokoi                                                     4                                           3                                         75
                                                                                                                                                                           Member
   selera risiko yang dapat diambil oleh Perseroan;                          assessing the risk appetite that the Company can take;
                                                                                                                                                                           Anggota
2. Mengevaluasi secara berkala atas penerapan manajemen                   2. To evaluate the implementation of risk management                  Renova Siregar                                                      4                                           4                                         100
                                                                                                                                                                           Member
   risiko;                                                                   periodically;                                                                                 Anggota
                                                                                                                                                Troy Steve Kipuw                                                    4                                           4                                         100
3. Mengevaluasi Pedoman Kerja Komite Pemantau Risiko                      3. To evaluate the Risk Oversight Committee Work Guidelines                                      Member
   secara berkala disesuaikan dengan perkembangan                            periodically according to the updated provisions of laws
   ketentuan peraturan perundang-undangan; dan                               and regulations; and
4. Mengidentifikasi hal-hal lain yang menurut komite                      4. To identify other matters that the Committee believes             Pelaksanaan Tugas Komite Pemantau Risiko                                                     Implementation of Risk Oversight Committee’s Duties
   memerlukan perhatian Dewan Komisaris.                                     may require the Board of Commissioners’ attention.                Sepanjang tahun 2023, Komite Pemantau Risiko telah                                           Throughout 2023, the Risk Monitoring Committee fulfilled
                                                                                                                                               melaksanakan tugas dan tanggung jawab untuk membantu                                         its duties and responsibilities to assist the Board of
Komposisi Komite Pemantau Risiko                                          Composition of the Risk Oversight Committee                          Dewan Komisaris dalam memantau pelaksanaan manajemen                                         Commissioners in monitoring the implementation of risk
Anggota Komite Pemantau Risiko paling kurang terdiri dari 3               The Risk Oversight Committee consists of a minimum of 3              risiko yang diselenggarakan oleh Direksi dan mengevaluasi                                    management conducted by the Board of Directors and
orang, yaitu 1 orang di antaranya sebagai ketua komite yang               members, including 1 member who serves as the chairman of            toleransi risiko Perseroan, termasuk:                                                        evaluating the Company’s risk tolerance, including:
merangkap sebagai Komisaris Independen, 1 orang sebagai                   the committee and also acts as an Independent Commissioner,          1. Menilai pelaksanaan efektivitas manajemen risiko yang                                     1. Assessed the effectiveness of the Company’s risk
anggota yang ahli di bidang manajemen risiko dan/atau                     1 member who is an expert in risk management and/or                       dilakukan Perseroan, termasuk menilai toleransi risiko;                                     management implementation, including risk tolerance
aktuaria, serta 1 orang anggota yang ahli di bidang keuangan,             actuarial science, and 1 member who is an expert in finance,                                                                                                          assessment;
ekonomi, dan/atau perasuransian. Berikut komposisi Komite                 economics, and/or insurance. The composition of the                  2. Melakukan evaluasi rutin terhadap implementasi                                            2. Conducted routine evaluations of the Company’s risk
Pemantau Risiko Perseroan 31 Desember 2023 yang diangkat                  Company’s Risk Monitoring Committee as of December 31,                  manajemen risiko yang dilakukan Perseroan;                                                    management implementation;
berdasarkan Surat Keputusan No. 004/AJSMSIG-SK/II/2023                    2023, appointed based on Decision Letter No. 004/AJSMSIG-            3. Menilai Terms of Reference (TOR) Komite Pemantau Risiko                                   3. Assessed the Terms of Reference (TOR) of the Risk
tentang Susunan Anggota Komite Pemantau Risiko Perseroan:                 SK/II/2023 regarding the Composition of the Company’s Risk              sesuai dengan peraturan yang berlaku secara berkala; dan                                      Monitoring Committee in accordance with applicable
                                                                          Monitoring Committee Members, is as follows:                                                                                                                          regulations periodically; and
                                                                                                                                               4. Mengidentifikasi hal-hal lain yang menurut komite                                         4. Identified other matters that the committee deems
                                                                                                                                                  memerlukan perhatian Dewan Komisaris.                                                         necessary for the attention of the Board of Commissioners.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
162        Laporan Tahunan 2023                                                                                                                                                                                                                                                       2023 Annual Report               163
Page 84
         Tata Kelola                                                                                                                                                                                                                                                                        Good Corporate
         Perusahaan                                                                                                                                                                                                                                                                            Governance




Pelatihan dan/atau Peningkatan Kompetensi Komite                    Competency Training and/or Development                                            Nama                       Jabatan              Jabatan di Perseroan                     Periode Menjabat                             Keahlian
Pemantau Risiko                                                     Programs for Risk Oversight Committee                                             Name                       Position            Position at the Company                    Term of Office                              Expertise
Pengembangan kompetensi yang diikuti oleh anggota Komite            The competency development attended by members of the                 Nazly Parlindungan Siregar          Anggota               Komisaris Independen                              2022-2024              Bidang Keuangan dan Pajak
Pemantau Risiko selama tahun 2023 dapat dilihat pada                Risk Monitoring Committee throughout 2023 can be seen in                                                  Member                Independent Commissioners                                                Finance and Tax Sector
uraian Pelatihan dan/atau Peningkatan Kompetensi Dewan              the Training and/or Competency Development description for            Renova Siregar                      Anggota               Chief Compliance, Legal, and                        2022*                Bidang Kepatuhan, Tata Kelola
Komisaris, Pengurus Manajemen, dan Pejabat Eksekutif.               the Board of Commissioners, Management Executives, and                                                    Member                Corporate Secretary                                                      Perusahaan, dan Hukum
                                                                                                                                                                                                                                                                             Compliance, Corporate Governance
                                                                    Executive Officers.                                                                                                                                                                                      and Legal Sectors
                                                                                                                                          Profil lengkap ketua dan anggota Komite Kebijakan Tata Kelola Perusahaan dapat dilihat pada bab Profil Perusahaan bagian Profil Dewan
                                                                                                                                          Komisaris dan Profil Pengurus Manajemen.
Komite Kebijakan Tata Kelola Perusahaan                             Good Corporate Governance Committee                                   Full profile of the Chairman and Members of Corporate Governance Committee can be seen in the Company Profile chapter in the Profile of
                                                                                                                                          the Board of Commissioners and Profile of the Board of Management sections.
                                                                                                                                         * 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).
Komite Kebijakan Tata Kelola Perusahaan dibentuk untuk              The Good Corporate Governance Committee is established to
membantu dan memfasilitasi Dewan Komisaris dalam                    assist and facilitate the Board of Commissioners in carrying out
menjalankan tugas dan fungsi pengawasan atas penerapan              the supervisory duties and functions over the implementation         Pernyataan Independensi Komite Kebijakan Tata                                                Independency Statement of Good Corporate
tata kelola Perseroan. Selain itu, komite juga berfungsi            of the Company’s governance. Additionally, the committee also        Kelola Perusahaan                                                                            Governance Committee
untuk memberikan arahan atau nasihat kepada Direksi atas            functions to provide guidance or advice to the Board of Directors    Komite Kebijakan Tata Kelola Perusahaan Perseroan bertindak                                  The Company’s Good Corporate Governance Committee acts
pelaksanaan GCG dan evaluasi penyempurnaanya.                       on the GCG implementation and its improvement evaluation.            secara independen, mandiri, dan profesional serta bebas dari                                 independently, discretely, and professionally and is free from
                                                                                                                                         benturan kepentingan dan pengaruh atau tekanan dari pihak                                    conflicts of interest and influance or pressure from any party
Pedoman Kerja Komite Kebijakan Tata Kelola                          Good Corporate Governance Committee’s                                manapun dalam melaksanakan tugas dan tanggung jawabnya.                                      in carrying out its duties and responsibilities.
Perusahaan                                                          Work Guidelines
Komite Kebijakan Tata Kelola Perusahaan telah memiliki              The Good Corporate Governance Committee has Good                     Rapat Komite Kebijakan Tata Kelola Perusahaan                                                Good Corporate Governance Committee’s Meeting
Pedoman Kerja Komite Kebijakan Tata Kelola Perusahaan yang          Corporate Governance Committee’s Work Guidelines, which              Berdasarkan Piagam Komite Kebijakan Tata Kelola Perusahaan,                                  Based on the Corporate Governance Committee Charter, the
terakhir kali diperbarui pada tanggal 27 Juni 2023.                 were last updated on June 27, 2023.                                  Komite Kebijakan Tata Kelola Perusahaan dapat melakukan                                      Corporate Governance Committee may hold a meeting every
                                                                                                                                         rapat setiap 3 bulan atau lebih jika diperlukan. Berikut rincian                             3 months or more if necessary. The following are the details
Tugas dan Tanggung Jawab Komite Kebijakan Tata                      Duties and Responsibilities of Good Corporate                        kehadiran rapat masing-masing anggota Komite Kebijakan                                       of attendance of each member of Corporate Governance
Kelola Perusahaan                                                   Governance Committee                                                 Tata Kelola Perusahaan sepanjang tahun 2023:                                                 Committee throughout 2023:
Tugas dan tanggung jawab Komite Kebijakan Tata Kelola               The duties and responsibilities of the Good Corporate
Perusahaan diuraikan sebagai berikut:                               Governance Committee are described as follows:                                                                                                                                                                            Kehadiran
1. Mengkaji kebijakan GCG yang disusun oleh Direksi;                1. To review GCG policies prepared by the Board of Directors;                 Nama                  Jabatan                      Total Rapat                               Total Kehadiran
                                                                                                                                                                                                                                                                                             Attendance
                                                                                                                                                  Name                  Position                    Total Meetings                            Total Attendance
2. Menilai konsistensi penerapan GCG termasuk yang berkaitan        2. To assess the consistency of GCG implementation including                                                                                                                                                                 (%)
   dengan etika bisnis dan tanggung jawab sosial; serta                those related to business ethcis and social responsibility; and                               Ketua
                                                                                                                                          Toshinari Tokoi                                                     5                                           5                                         100
3. Mengevaluasi Pedoman Kerja Komite Kebijakan Tata                 3. To evaluate the Good Corporate Governance Committee                                           Chairman
   Kelola Perusahaan secara berkala disesuaikan dengan                 Work Guidelines periodically according to the updated              Ardhayadi                  Anggota
                                                                                                                                                                                                              5                                           5                                         100
   perkembangan ketentuan peraturan perundang-undangan.                provisions of laws and regulations.                                Mitroatmodjo               Member
                                                                                                                                          Nazly Parlindungan         Anggota
                                                                                                                                                                                                              5                                           5                                         100
                                                                                                                                          Siregar                    Member
Komposisi dan Profil Komite Kebijakan Tata Kelola                   Composition and Profile of Good Corporate
                                                                                                                                                                     Anggota
Perusahaan                                                          Governance Committee                                                  Renova Siregar
                                                                                                                                                                     Member
                                                                                                                                                                                                              5                                           5                                         100
Anggota Komite Kebijakan Tata Kelola Perusahaan paling              The Good Corporate Governance Committee consists of at least
kurang terdiri dari 3 orang, yaitu 1 orang di antaranya sebagai     3 members, namely one of whom serves as the committee’s
ketua komite yang merangkap sebagai Dewan Komisaris, 1              chairperson, who also serves as the Board of Commissioners,          Pelaksanaan Tugas Komite Kebijakan Tata Kelola                                               Implementation of Good Corporate Governance
orang sebagai anggota yang berasal dari Komisaris Independen        one member from Independent Commissioners or                         Perusahaan                                                                                   Committee’s Duties
atau Pihak Independen yang memiliki pengetahuan dan/                Independent Parties with knowledge and/or experience in              Sepanjang tahun 2023, Komite Kebijakan Tata Kelola                                           Throughout 2023, the Good Corporate Governance Committee
atau pengalaman di bidang tata kelola perusahaan dan/atau           corporate governance and/or law, and one member from                 Perusahaan telah melaksanakan tugas dan tanggung jawab                                       carried out the following duties and responsibilities:
hukum, serta 1 orang anggota dari pejabat eksekutif yang            executive officers overseeing compliance with corporate              sebagai berikut:
membawahi bidang kepatuhan tata kelola perusahaan dan/              governance and/or legal matters. The following is the                1. Mengkaji kebijakan GCG yang disusun oleh Direksi;                                         1. Reviewed the Good Corporate Governance Policy
atau hukum. Berikut komposisi Komite Kebijakan Tata Kelola          composition of the Good Corporate Governance Committee               2. Menilai konsistensi penerapan GCG, termasuk yang                                             formulated by the Board of Directors;
Perusahaan per 31 Desember 2023 yang diangkat berdasarkan           as of December 31, 2023, appointed based on Decision Letter             berkaitan dengan etika bisnis dan tanggung jawab sosial                                   2. Assessed the consistency of Good Corporate Governance
Surat Keputusan No. 005/AJSMSIG-SK/II/2023 tentang                  No. 005/AJSMSIG-SK/II/2023 on the Composition of the Good               perusahaan (corporate social responsibility); dan                                            implementation, including aspects related to business
Susunan Anggota Komite Kebijakan Tata Kelola Perusahaan:            Corporate Governance Committee Members:                              3. Mengevaluasi Pedoman Kerja Komite Kebijakan Tata                                             ethics and corporate social responsibility; and
                                                                                                                                            Kelola Perusahaan secara berkala disesuaikan dengan                                       3. Evaluated the Good Corporate Governance Committee’s
           Nama               Jabatan         Jabatan di Perseroan        Periode Menjabat                   Keahlian                       perkembangan      ketentuan      peraturan      perundang-                                   Working Guidelines periodically adjusted to the
           Name               Position       Position at the Company       Term of Office                    Expertise                      undangan; dan                                                                                development of regulatory provisions; and
                                                                                                                                         4. Melakukan peninjauan dan evaluasi terhadap hal-hal yang                                   4. Conducting reviews and evaluations of matters including,
 Toshinari Tokoi            Ketua           Komisaris                          2023-2025         Bidang Hukum
                            Chairman        Commissioners                                        Legal Sector                               termasuk, namun tidak terbatas pada:                                                         but not limited to:
 Ardhayadi Mitroatmodjo     Anggota         Komisaris Independen               2023-2025         Bidang Ekonomi                             a. Program kepatuhan;                                                                        a. Compliance programs;
                            Member          Independent Commissioners                            Economic Sector                            b. Peraturan baru yang memiliki dampak pada Perseroan;                                       b. New regulations impacting the Company;




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                               PT MSIG Life Insurance Indonesia Tbk
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        Perusahaan                                                                                                                                                                                                                      Governance




   c. Pelaporan ke otoritas terkait; dan                         c. Reporting to relevant authorities; and                     e. Membantu Dewan Komisaris melakukan penilaian                   e. Assisting the Board of Commissioners in evaluating
   d. Hal-hal lain terkait GCG yang perlu mendapatkan            d. Other GCG-related matters requiring the attention of           kinerja anggota Direksi dan/atau anggota Dewan                   the performance of members of the Board of
      perhatian Dewan Komisaris.                                    the Board of Commissioners.                                    Komisaris berdasarkan tolok ukur yang telah disusun              Directors and/or the Board of Commissioners based
                                                                                                                                   sebagai bahan evaluasi;                                          on established benchmarks for evaluation purposes;
                                                                                                                               f. Memberikan rekomendasi kepada Dewan Komisaris                  f. Providing recommendations to the Board of
Pelatihan dan/atau Peningkatan Kompetensi Komite              Competency Training and/or Development                               mengenai program pengembangan kemampuan                          Commissioners regarding the development programs
Kebijakan Tata Kelola Perusahaan                              Programs for Corporate Governance Committee                          anggota Direksi dan/atau anggota Dewan Komisaris;                for members of the Board of Directors and/or the
Pengembangan kompetensi yang diikuti oleh anggota             The competency development programs attended by                      dan                                                              Board of Commissioners; and
Komite Kebijakan Tata Kelola Perusahaan selama tahun 2023     Corporate Governance Committee’s members in 2023 can             g. Mengevaluasi Piagam Komite secara berkala                      g. Evaluating the Committee’s Charter periodically
dapat dilihat pada uraian Pelatihan dan/atau Peningkatan      be seen in the description of Competency Training and/or             disesuaikan dengan perkembangan ketentuan                        adjusted to the development of regulatory provisions.
Kompetensi Dewan Komisaris dan Pengurus Manajemen.            Development Programs for the Board of Commissioners and              peraturan perundang-undangan.
                                                              Board of Management.                                          2. Bidang Remunerasi:                                             2. Remuneration
                                                                                                                               a. Memastikan bahwa Perseroan telah memiliki sistem               a. Ensuring that the Company has a transparent
                                                                                                                                   remunerasi yang transparan dan menerapkan prinsip                remuneration system and applies cautionary principles
Komite Nominasi dan Remunerasi                                Nomination and Remuneration Committee                                kehati-hatian dalam pemberian remunerasi, baik                   in providing remuneration, both fixed and variable;
                                                                                                                                   remunerasi yang bersifat tetap maupun bersifat variabel;
Komite Nominasi dan Remunerasi dibentuk untuk mengkaji        The Nomination and Remuneration Committee is established          b. Melakukan evaluasi terhadap kebijakan remunerasi              b. Evaluating the remuneration policy based on
dan memberikan rekomendasi kepada Dewan Komisaris dalam       to review and provide recommendations to the Board of                yang didasarkan atas kinerja, risiko, kewajaran,                 performance, risks, fairness, targets, and long-
hal mengawasi proses implementasi kebijakan nominasi dan      Commissioners in terms of supervising the nomination                 sasaran, dan strategi jangka panjang perusahaan,                 term company strategies, compliance with reserve
remunerasi bagi Dewan Komisaris dan Direksi, sebagai upaya    and remuneration policy implementation for the Board of              pemenuhan cadangan sebagaimana diatur dalam                      requirements as regulated in statutory provisions, and
mencapai penerapan tata kelola perusahaan yang baik.          Commissioners and Board of Directors, as part of efforts to          ketentuan peraturan perundang-undangan dan potensi               potential future company earnings;
                                                              achieve good corporate governance implementation.                    pendapatan perusahaandi masa yang akan datang;
                                                                                                                                c. Melakukan evaluasi secara berkala terhadap                    c. Conducting periodic evaluations of the remuneration
Pedoman Kerja Komite Nominasi dan Remunerasi                  Nomination and Remuneration Committee’s                              penerapan kebijakan remunerasi;                                  policy implementation;
                                                              Work Guidelines                                                   d. Menyampaikan hasil evaluasi dan memberikan                    d. Presenting    evaluation    results   and    provide
Komite Nominasi dan Remunerasi telah memiliki Pedoman         The Nomination and Remuneration Committee has                        rekomendasi kepada Dewan Komisaris mengenai:                     recommendations to the Board of Commissioners
Kerja Komite Nominasi dan Remunerasi yang terakhir kali       Nomination and Remuneration Committee’s Work Guidelines,                                                                              regarding:
diperbarui pada tanggal 27 Juni 2023.                         which were last updated on June 27, 2023.                             •   Struktur dan besaran atas remunerasi;                       • The structure and amount of remuneration;
                                                                                                                                    •   Kebijakan remunerasi bagi Direksi dan Dewan                 • Remuneration policies for the Board of Directors
Tugas dan Tanggung Jawab Komite Nominasi dan                  Duties and Responsibilities of Nomination and                             Komisaris untuk disampaikan kepada RUPS; dan                    and Board of Commissioners to be submitted in
Remunerasi                                                    Remuneration Committee                                                                                                                    the General Meeting of Shareholders; and
Tugas dan tanggung jawab Komite Nominasi dan Remunerasi       The duties and responsibilities of the Nomination and                 •  Kebijakan remunerasi bagi karyawan secara                    • Remuneration policies for all employees to be
diuraikan sebagai berikut:                                    Remuneration Committee are described as follows:                         keseluruhan untuk disampaikan kepada Direksi.                    submitted to the Board of Directors.
1. Bidang Nominasi:                                           1. Nomination:                                                    e. Memastikan bahwa kebijakan remunerasi telah sesuai            e. Ensuring that the remuneration policy complies with
    a. Memberikan rekomendasi kepada Dewan Komisaris             a. Providing recommendations to the Board of                      dengan ketentuan peraturan perundang-undangan;                   statutory provisions;
        mengenai:                                                   Commissioners regarding:                                    f. Mengevaluasi Piagam Komite secara berkala                     f. Periodically evaluating the Committee Charter
        • Komposisi jabatan anggota Direksi dan/atau                • The composition of positions in the Board of                 disesuaikan dengan perkembangan ketentuan                        adjusted to the development of regulatory provisions;
            anggota Dewan Komisaris;                                    Directors and/or Board of Commissioners;                   peraturan perundang-undangan; dan                                and
        • Kebijakan dan kriteria yang dibutuhkan dalam              • Policies and criteria required in the nomination          g. Membantu Dewan Komisaris melakukan penilaian                  g. Assisting the Board of Commissioners in assessing
            proses nominasi; dan                                        process; and                                               kinerja dengan kesesuaian remunerasi yang diterima               performance concerning the remuneration received
        • Kebijakan evaluasi kinerja bagi anggota Direksi           • Performance evaluation policies for members of the           masing-masing anggota Direksi dan/atau anggota                   by each member of the Board of Directors and/or the
            dan/atau anggota Dewan Komisaris.                           Board of Directors and/or Board of Commissioners.          Dewan Komisaris.                                                 Board of Commissioners.
    b. Menyusun dan memberikan rekomendasi mengenai              b. Developing and providing recommendations on
        sistem dan prosedur penilaian, pemilihan, dan/              assessment, selection, and/or replacement systems       Komposisi dan Profil Komite Nominasi                              Composition and Profile of Nomination and
        atau penggantian anggota Direksi, anggota Dewan             and procedures for members of the Board of Directors    dan Remunerasi                                                    Remuneration Committee
        Komisaris, dan Pejabat Eksekutif Perusahaan kepada          and Board of Commissioners, as well as Executive        Anggota Komite Nominasi dan Remunerasi paling kurang terdiri      The Nomination and Remuneration Committee consists of
        Dewan Komisaris;                                            Officers to the Board of Commissioners;                 dari 3 orang, yaitu 1 orang di antaranya sebagai ketua komite     at least 3 members, including 1 member who serves as the
    c. Memberikan rekomendasi mengenai calon anggota             c. Recommending candidates for the Board of Directors,     yang merangkap sebagai Komisaris Independen, 1 orang anggota      committee’s chairman, concurrently acting as an Independent
        Direksi, dan/atau calon anggota Dewan Komisaris             and/or candidates for the Board of Commissioners to     yang dapat berasal dari anggota Komisaris atau Pihak Independen   Commissioner, 1 member who may come from among the
        kepada Dewan Komisaris untuk disampaikan kepada             the Board of Commissioners to be submitted in the       yang memiliki keahlian di bidang sumber daya manusia, serta       Commissioners or Independent Parties with expertise in
        RUPS;                                                       General Meeting of Shareholders;                        1 orang anggota dari pejabat eksekutif yang membawahi             human resources, and 1 member from the executive officers
    d. Memberikan       rekomendasi      mengenai     Pihak      d. Recommending Independent Parties to become              bidang sumber daya manusia atau perwakilan pegawai. Berikut       overseeing human resources or employee representatives.
        Independen yang akan menjadi anggota Komite Audit           members of the Audit Committee and the Risk             komposisi Komite Nominasi dan Remunerasi Perseroan per            The following is the composition of the Company’s Nomination
        dan anggota Komite Pemantau Risiko kepada Dewan             Monitoring Committee to the Board of Commissioners;     31 Desember 2023 yang diangkat berdasarkan Surat Keputusan        and Remuneration Committee as of December 31, 2023,
        Komisaris;                                                                                                          No. 026/AJSMSIG-SK/XII/2022 tentang Susunan Anggota Komite        appointed based on Decision Letter No. 026/AJSMSIG-SK/
                                                                                                                            Nominasi dan Remunerasi Perseroan:                                XII/2022 on the Composition of the Company’s Nomination
                                                                                                                                                                                              and Remuneration Committee Members:



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                PT MSIG Life Insurance Indonesia Tbk
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           Tata Kelola                                                                                                                                                                                                                                                                Good Corporate
           Perusahaan                                                                                                                                                                                                                                                                    Governance




         Nama
         Name
                             Jabatan
                             Position
                                                           Jabatan di Perseroan
                                                          Position at the Company
                                                                                                              Periode Menjabat
                                                                                                               Term of Office
                                                                                                                                                       Keahlian
                                                                                                                                                       Expertise
                                                                                                                                                                           Komite Pendukung Direksi
                            Ketua             Komisaris Independen                                                   2023-2025             Bidang Ekonomi                  Board of Directors’ Supporting Committee
 Sidharta Akmam
                            Chairman          Independent Commissioner                                                                     Economic Sector
                            Anggota           Presiden Komisaris                                                     2023-2025             Bidang Bisnis
 Indra Widjaja
                            Member            President Commissioner                                                                       Business Field
                            Anggota           Komisaris                                                              2023-2025             Bidang Hukum
 Toshinari Tokoi
                            Member            Commissioner                                                                                 Legal Sector
                            Anggota           Komisaris                                                              2023-2025             Bidang Bisnis Adminstrasi       Komite Investasi dan Keuangan                                      Investment and Finance Committee
 Hideaki Nomura
                            Member            Commissioner                                                                                 Business Administration Field

 Novelita Siregar
                            Anggota           Chief Human Capital Officer                                              2020*               Bidang SDM                      Komite Investasi dan Keuangan merupakan komite yang                The Investment and Finance Committee is a committee
                            Member                                                                                                         HR Sector
                                                                                                                                                                           dibentuk oleh dan bertanggung jawab kepada Direksi untuk           established by and responsible to the Board of Directors to
 Profil lengkap ketua dan anggota Komite Nominasi dan Remunerasi dapat dilihat pada bab Profil Perusahaan bagian Profil Dewan Komisaris
                                                                                                                                                                           melaksanakan fungsi pengawasan, khususnya dalam hal yang           carry out supervisory functions, especially in matters relating
 dan Profil Pengurus Manajemen.
 See full profile of the Chairman and Members of Risk Oversight Committee in the Company Profile chapter in the Board of Commissioners’                                    berkaitan dengan proposal investasi, portofolio, dan strategi      to investment proposals, portfolios, and other financial
 Profile section and Profile of the Board of Management.                                                                                                                   keuangan lainnya.                                                  strategies.
* 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).
                                                                                                                                                                           Pedoman Kerja Komite Investasi dan Keuangan                        Investment and Finance Committee’s Work Guidelines
Pernyataan Independensi Komite Nominasi dan                                                  Independency Statement of Nomination and                                      Komite Investasi dan Keuangan telah memiliki Pedoman Kerja         The Investment and Finance Committee has Work Guidelines,
Remunerasi                                                                                   Remuneration Committee                                                        yang terakhir kali diperbarui pada tanggal 20 Juni 2023.           which were last updated on June 20, 2023.
Komite Nominasi dan Remunerasi Perseroan bertindak                                           The Company’s Nomination and Remuneration Committee
secara independen, mandiri, dan profesional serta bebas dari                                 acts independently, discretely, and professionally and is free                Tugas dan Tanggung Jawab Komite Investasi dan                      Duties and Responsibilities of Investment and
benturan kepentingan dan pengaruh atau tekanan dari pihak                                    from conflicts of interest and influance or pressure from any                 Keuangan                                                           Finance Committee
manapun dalam melaksanakan tugas dan tanggung jawabnya.                                      party in carrying out its duties and responsibilities.                        Tugas dan tanggung jawab Komite Investasi dan Keuangan             The duties and responsibilities of the Investment and Finance
                                                                                                                                                                           diuraikan sebagai berikut:                                         Committee are described as follows:
Rapat Komite Nominasi dan Remunerasi                                                         Nomination and Remuneration Committee’s Meeting                               1. Merumuskan dan mengawasi kebijakan investasi yang               1. To formulate and supervise established investment policies
Berdasarkan Piagam Nominasi dan Remunerasi, Komite                                           Based on the Nomination and Remuneration Charter, the                             telah ditetapkan serta memastikan pengelolaannya                  and ensure investments and finances are properly regulated
Nominasi dan Remunerasi dapat melakukan rapat paling                                         Nomination and Remuneration Committee may hold a                                  dilakukan dengan baik sesuai dengan strategi Perseroan;           and managed in accordance with the Company’s strategy;
sedikit 1 kali dalam 4 bulan. Berikut rincian kehadiran rapat                                meeting at least once in 4 months. The following are the                      2. Memastikan strategi serta kebijakan investasi dan               2. To ensure investment and financial strategies and policies
masing-masing anggota Komite Nominasi dan Remunerasi                                         details of attendance of each Nomination and Remuneration                         keuangan telah sesuai dengan tujuan bisnis Perseroan;             are appropriate and reflect the Company’s business
sepanjang tahun 2023:                                                                        Committee member:                                                             3. Meninjau kinerja investasi dan keuangan, bersama                   objectives;
                                                                                                                                                                               dengan elemen pasar, kredit, likuiditas, asset dan liability   3. To review investment and financial performance, including
                                                                                                                                                     Kehadiran                 management, dan posisi aset masing-masing, serta                  market, credit, liquidity, asset and liability management,
         Nama                  Jabatan                      Total Rapat                               Total Kehadiran                                                          memastikan keselarasannya dengan tujuan keuangan                  and respective asset position, and ensure alignment with
                                                                                                                                                    Attendance
         Name                  Position                    Total Meetings                            Total Attendance
                                                                                                                                                        (%)                    Perseroan;                                                        the Company’s financial objectives;
                            Ketua                                                                                                                                          4. Meninjau perkiraan dan pengendalian anggaran keuangan           4. To review the forecasts and control of the Company’s
 Sidharta Akmam                                                      4                                           4                                         100
                            Chairman                                                                                                                                           Perseroan;                                                        financial budget;
                            Anggota                                                                                                                                        5. Memastikan bahwa investasi dikelola dengan baik;                5. To ensure that the investments are properly managed;
 Indra Widjaja                                                       4                                           4                                         100
                            Member                                                                                                                                         6. Memastikan prosedur operasional telah sesuai dan efisien;       6. To ensure operational procedures are appropriate and
                            Anggota                                                                                                                                                                                                              efficient;
 Toshinari Tokoi                                                     4                                           4                                         100
                            Member
                                                                                                                                                                           7. Memastikan bahwa risiko operasional teridentifikasi serta       7. To ensure that operational risks are identified and
                            Anggota
 Hideaki Nomura
                            Member
                                                                     4                                           4                                         100                dimitigasi secara tepat; dan                                       mitigated appropriately; and
                            Anggota                                                                                                                                        8. Membuat keputusan atau rekomendasi lebih lanjut terkait         8. To make decisions or recommend further escalation of
 Novelita Siregar                                                    4                                           4                                         100
                            Member                                                                                                                                            hal-hal mendesak.                                                  urgent matters.

Pelaksanaan Tugas Komite Nominasi dan                                                        Implementation of Nomination and Remuneration                                 Komposisi dan Profil Komite Investasi dan Keuangan                 Composition and Profile of Investment and
Remunerasi                                                                                   Committee’s Duties                                                                                                                               Finance Committee
Sepanjang tahun 2023, Komite Nominasi dan Remunerasi                                         Throughout 2023, the Nomination and Remuneration                              Anggota Komite Investasi dan Keuangan terdiri dari:                The Investment and Finance Committee members consist of:
telah melaksanakan tugas dan tanggung jawab yaitu                                            Committee has fulfilled its duties and responsibilities, which                1. Presiden Direktur;                                              1. President Director;
melakukan penunjukkan kembali Dewan Komisaris dan Direksi                                    include reappointing the Board of Commissioners and Board                     2. Wakil Presiden Direktur & Chief Financial Officer, sekaligus    2. Vice President Director & Chief Financial Officer, as well as
serta mengusulkan perubahan benefit dan bonus untuk                                          of Directors as well as proposing changes to benefits and                        sebagai Ketua Komite;                                              Chair of the Committee;
Dewan Direksi.                                                                               bonuses for the Board of Directors.                                           3. Direktur & Chief Agency, Corporate and Sharia Business          3. Director & Chief Agency, Corporate and Sharia Business
                                                                                                                                                                              Officer;                                                           Officer;
Pelatihan dan/atau Peningkatan Kompetensi Komite                                             Competency Training and/or Development Programs                               4. Direktur & Chief Risk Officer;                                  4. Director & Chief Risk Officer;
Nominasi dan Remunerasi                                                                      for Nomination and Remuneration Committee                                     5. Direktur & Chief Transformation Officer;                        5. Director & Chief Transformation Officer;
Pengembangan kompetensi yang diikuti oleh anggota Komite                                     The competency development programs attended by                               6. Anggota lainnya, terdiri dari:                                  6. Other members consist of:
Nominasi dan Remunerasi selama tahun 2023 dapat dilihat                                      Nomination and Remuneration Committee’s members in 2023                          a. Head of Chief Actuarial;                                        a. Head of Chief Actuarial;
pada uraian Pelatihan dan/atau Peningkatan Kompetensi                                        can be seen in the description of Competency Training and/or                     b. Head of Finance and Accounting, sekaligus sebagai               b. Head of Finance and Accounting, sekaligus sebagai
Dewan Komisaris dan Pengurus Manajemen.                                                      Development Programs for the Board of Commissioners and                              Person in Charge (PIC);                                             Person in Charge (PIC);
                                                                                             the Board of Management


              PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                             PT MSIG Life Insurance Indonesia Tbk
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          Perusahaan                                                                                                                                                                                                                                                                Governance




    c. Head of Corporate Planning and              Performance            c. Head of Corporate Planning and Performance                                                                                                                                                            Kehadiran
                                                                                                                                                 Nama                 Jabatan                    Total Rapat                           Total Kehadiran
       Management Head;                                                      Management Head;                                                                                                                                                                                     Attendance
                                                                                                                                                 Name                 Position                  Total Meetings                        Total Attendance
                                                                                                                                                                                                                                                                                      (%)
    d. Head of Investment;                                                d. Head of Investment;
    e. Appointed Actuary;                                                 e. Appointed Actuary;                                                                    Ketua
                                                                                                                                          Satoshi Shiratani                                             12                                       12                                     100
    f. Head of Individual Product Pricing; dan                            f. Head of Individual Product Pricing; dan                                               Chairman

    g. Head of Internal Audit.                                            g. Head of Internal Audit.                                                               Anggota
                                                                                                                                          Wianto                                                        12                                       10                                    83,33
                                                                                                                                                                   Member
                                                                                                                                                                   Anggota
Susunan keanggotaan Komite Investasi dan Keuangan per                 The composition of the Investment and Finance Committee             Tomoyuki Monden                                               12                                       12                                     100
                                                                                                                                                                   Member
31 Desember 2023 ditetapkan sebagaimana Pedoman Kerja                 as of December 31, 2023, was established in accordance with                                  Anggota
                                                                                                                                          Herman Sulistyo                                               12                                       12                                     100
Komite Investasi dan Keuangan, yang terakhir kali diamandemen         the Investment and Finance Committee’s Work Guidelines,                                      Member
pada pada tanggal 20 Juni 2023. Adapun rincian keanggotaan            which were last amended on June 20, 2023 . The details of the                                Anggota
                                                                                                                                          Ken Terada                                                    12                                       12                                     100
dijelaskan sebagai berikut:                                           composition are described as follows:                                                        Member
                                                                                                                                                                   Anggota
                                                                                                                                          Tju Cunardi                                                   12                                       12                                     100
                                                                                                                                                                   Member
                               Nama                                                       Jabatan di Komite                               Furqon Wirawan           Anggota
                               Name                                                   Position in the Committee                           Damanik                  Member
                                                                                                                                                                                                        12                                       12                                     100

                                                                                                 Ketua                                    Laurencia                Anggota
 Satoshi Shiratani                                                                                                                                                                                      12                                       12                                     100
                                                                                                Chairman                                  Wardhana                 Member
                                                                                                 Anggota                                                           Anggota
 Wianto                                                                                                                                   Hadi Setiawan                                                 12                                       11                                    91,67
                                                                                                 Member                                                            Member
                                                                                                 Anggota                                  Wakhidah                 Anggota
 Tomoyuki Monden                                                                                                                                                                                         5                                       5                                      100
                                                                                                 Member                                   Muslikhah*               Member
                                                                                                 Anggota                                                           Anggota
 Herman Sulistyo                                                                                                                          Vito Shadiq**                                                 11                                       11                                     100
                                                                                                 Member                                                            Member
                                                                                                 Anggota                                  Vaji Vitrada             Anggota
 Ken Terada                                                                                                                                                                                             12                                       12                                     100
                                                                                                 Member                                   Nasution                 Member
                                                                                                 Anggota                                 * Efektif menjabat sebagai anggota Komite Investasi dan Keuangan sejak tanggal 20 Juni 2023. / Effectively serves as a members of Investment and Finance Committee
 Tju Cunardi                                                                                                                                since June 20, 2023.
                                                                                                 Member
                                                                                                                                         ** Efektif menjabat sebagai anggota Komite Investasi dan Keuangan sejak tanggal 1 Februari 2023. / Effectively serves as members of Investment and Finance Committee
                                                                                                 Anggota                                    since February 1, 2023.
 Furqon Wirawan Damanik
                                                                                                 Member

 Laurencia Wardhana
                                                                                                 Anggota                                 Pelaksanaan Tugas Komite Investasi dan Keuangan                                       Implementation of Investment and Finance
                                                                                                 Member
                                                                                                                                                                                                                               Committee’s Duties
                                                                                                 Anggota
 Hadi Setiawan                                                                                                                           Sepanjang tahun 2023, Komite Investasi dan Keuangan telah                             Throughout 2023, the Investment and Finance Committee has
                                                                                                 Member
                                                                                                                                         melaksanakan tugas dan tanggung jawab sebagai berikut:                                carried out the following duties and responsibilities:
                                                                                                 Anggota
 Wakhidah Muslikhah                                                                                                                      1. Mengevaluasi Pedomana Kerja Komite Investasi dan                                   1. Periodically evaluating the Investment and Finance
                                                                                                 Member
                                                                                                 Anggota                                    Keuangan secara berkala sesuai dengan peraturan                                        Committee’s Working Guidelines in accordance with
 Vito Shadiq
                                                                                                 Member                                     perundang-undangan yang berlaku;                                                       applicable laws and regulations;
                                                                                                 Anggota                                 2. Melakukan pemantauan dan evaluasi rutin atas kinerja                               2. Conducting routine monitoring and evaluation of the
 Vaji Vitrada Nasution
                                                                                                 Member                                     investasi dan keuangan yang telah diterapkan;                                          implemented investment and financial performance;
 Profil lengkap ketua dan anggota Komite Investasi dan Keuangan dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi, Profil   3. Melakukan pembaruan kebijakan atau pedoman investasi                               3. Updating investment and financial policies or guidelines
 Pengurus Manajemen, dan Profil Pejabat Eksekutif.
 See full profile of the Chairman and Members of Investment and Finance Committee in the Company Profile chapter in the Board of            dan keuangan dengan mengadopsi peraturan perundang-                                    by adopting applicable laws and regulations;
 Directors’ Profile, Profile of the Board of Management, and Executive Officers’ Profile section.                                           undangan yang berlaku;
                                                                                                                                         4. Mengidentifikasi serta merancang mitigasi risiko atas                              4. Identifying and designing risk mitigation for investments
Pernyataan Independensi Komite Investasi dan                          Independency Statement of Investment and Finance                      investasi yang dilakukan; dan                                                         made; and
Keuangan                                                              Committee                                                          5. Menyetujui strategi investasi tahunan.                                             5. Approving annual investment strategies.
Komite Investasi dan Keuangan Perseroan bertindak secara              The Company’s Investment and Finance Committee acts
independen, mandiri, dan profesional serta bebas dari                 independently, discretely, and professionally and is free from     Pelatihan dan/atau Peningkatan Kompetensi Komite                                      Competency Training and/or Development
benturan kepentingan dan pengaruh atau tekanan dari pihak             conflicts of interest and influance or pressure from any party     Investasi dan Keuangan                                                                Programs for Investment and Finance Committee
manapun dalam melaksanakan tugas dan tanggung jawabnya.               in carrying out its duties and responsibilities.                   Pengembangan kompetensi yang diikuti oleh anggota Komite                              The competency development programs attended by
                                                                                                                                         Investasi dan Keuangan selama tahun 2023 dapat dilihat pada                           Investment and Finance Committee’s members in 2023 can
Rapat Komite Investasi dan Keuangan                                   Investment and Finance Committee’s Meeting                         uraian Pelatihan dan/atau Peningkatan Kompetensi Direksi,                             be seen in the description of Competency Training and/or
Berdasarkan Piagam Komite Investasi dan Keuangan, Komite              Based on the Investment and Finance Committee Charter, the         Pengurus Manajemen, dan Pejabat Eksekutif.                                            Development Programs for the Board of Directors, Board of
Investasi dan Keuangan dapat melakukan rapat setiap bulan.            Investment and Finance Committee may hold a meeting every                                                                                                Management, and Executive Officers’ section.
Berikut rincian kehadiran rapat masing-masing anggota                 month. Following are the details of meeting attendance of
Komite Investasi dan Keuangan:                                        each member of the Investment and Finance Committee:




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                  Good Corporate
        Perusahaan                                                                                                                                                                                                                      Governance




Komite Teknologi Informasi dan                                Information Technology and                                      Komposisi dan Profil Komite Teknologi Informasi                 Composition and Profile of Information Technology
Operasional                                                   Operations Committee                                            dan Keuangan                                                    and Operations Committee
                                                                                                                              Anggota Komite Teknologi Informasi dan Keuangan terdiri         Members of the Information Technology and Finance
Komite Teknologi Informasi dan Operasional dibentuk oleh      The Information Technology and Operations Committee was         dari:                                                           Committee consist of:
dan bertanggung jawab kepada Direksi dalam hal pengelolaan    established by and is responsible to the Board of Directors     1. Direktur & Chief Operating & IT Officer, sekaligus sebagai   1. Director & Chief Operating & IT Officer, also serving as the
teknologi informasi dan sistem operasional Perseroan.         in terms of managing the Company’s information technology           Ketua Komite;                                                  Committee Chair;
                                                              and operational systems.                                        2. Direktur & Chief Risk Officer;                               2. Director & Chief Risk Officer;
                                                                                                                              3. Direktur & Chief Agency, Corporate and Sharia Business       3. Director & Chief Agency, Corporate and Sharia Business
Pedoman Kerja Komite Teknologi Informasi dan                  Information Technology and Operations                               Officer;                                                       Officer;
Operasional                                                   Committee’s Work Guidelines                                     4. Direktur & Chief Transformation Officer;                     4. Director & Chief Transformation Officer;
Komite Teknologi Informasi dan Operasional telah memiliki     The Information Technology and Operational Committee has        5. Anggota lainnya berasal dari:                                5. Other members are from:
Pedoman Kerja Komite Teknologi Informasi dan Operasional      the Information Technology and Operations Committee’s               a. Chief Partnership Distribution Officer;                     a. Chief Partnership Distribution Officer;
yang terakhir kali diperbarui pada tanggal 20 Juni 2023.      Work Guidelines, which were last updated on June 27, 2023.          b. Chief Compliance, Legal, and Corporate Secretary;           b. Chief Compliance, Legal, and Corporate Secretary;
                                                                                                                                  c. Chief Customer & Marketing Officer (Caretaker);             c. Chief Customer & Marketing Officer (Caretaker);
Tugas dan Tanggung Jawab Komite Teknologi                     Duties and Responsibilities of Information                          d. Chief Human Capital Officer;                                d. Chief Human Capital Officer;
Informasi dan Operasional                                     Technology and Operations Committee                                 e. Head of Information Technology, sekaligus sebagai           e. Head of Information Technology, concurrently as
Tugas dan tanggung jawab Komite Teknologi Informasi dan       The duties and responsibilities of the Information Technology           Person in Charge (PIC);                                        Person in Charge (PIC);
Operasional diuraikan sebagai berikut:                        and Operations Committee are described as follows:                  f. Head of IT Security and Governance;                         f. Head of IT Security and Governance;
1. Mengembangkan, meninjau, memantau, memastikan              1. To develop, review, monitor, ensure compliance with,             g. Head of Operation Development and Control, sekaligus        g. Head of Operation Development and Control,
   kepatuhan, mempromosikan strategi teknologi informasi         promote, and efficiently implement information                       sebagai Person in Charge (PIC);                                concurrently as Person in Charge (PIC);
   dan operasional, serta memastikan sumber daya                 technology and operations strategies, and to ensure              h. Head of Customer Care;                                      h. Head of Customer Care;
   diterapkan secara efisien dan benar;                          resources are applied efficiently and correctly;                 i. Head of Compliance & Fraud Investigation;                   i. Head of Compliance & Fraud Investigation;
2. Dengan tidak mengurangi ketentuan tersebut, komite         2. Without prejudice to these provisions, the committee is          j. Head of Legal and Corporate Secretary; dan                  j. Head of Legal and Corporate Secretary; and
   bertanggung jawab untuk:                                      responsible for:                                                 k. Head of Risk Management Head.                               k. Head of Risk Management Head.
   a. Memastikan bahwa kebijakan, strategi, dan indikator        a. To ensure that the Company’s IT and operational
       kinerja TI dan operasional Perseroan disampaikan              policies, strategies and performance indicators are      Susunan keanggotaan Komite Teknologi Informasi dan              The composition of the Information Technology and
       dengan target yang terukur dan jelas;                         delivered with measurable and clear targets;             Operasional per 31 Desember 2023 ditetapkan sebagaimana         Operational Committee as of December 31, 2023, is
   b. Memastikan bahwa teknologi bisnis dikelola sesuai          b. To ensure that business technology is managed             Pedoman Kerja Komite Teknologi Informasi dan Operasional,       determined in accordance with the Information Technology
       dengan strategi Perseroan serta merekomendasikan              in accordance with the Company’s strategy and            yang terakhir kali diamandemen pada tanggal 20 Juni 2023.       and Operational Committee’s Work Guidelines, which were
       solusi terbaik manakala diperlukan;                           recommend the best solutions when needed;                Adapun rincian keanggotaan dapat dijelaskan sebagai berikut:    last updated on June 20, 2023. The details of the composition
   c. Menetapkan prioritas untuk pekerjaan TI dan                c. To set priorities for IT and operational work at the                                                                      are described as follows:
       operasional di tingkat bisnis;                                business level;
   d. Memastikan bahwa risiko TI dan operasional                 d. To ensure that IT and operational risks are identified                                Nama                                                   Jabatan di Komite
       teridentifikasi serta dimitigasi secara tepat; dan            and appropriately mitigated; and                                                     Name                                               Position in the Committee
   e. Membuat keputusan atau rekomendasi lebih lanjut            e. To make further decisions or recommendations
                                                                                                                                                                                                                        Ketua
       terkait hal-hal mendesak.                                     regarding urgent matters.                                 Andrew Bain
                                                                                                                                                                                                                       Chairman
3. Memberikan rekomendasi kepada Direksi mencakup,               3. To provide recommendations to the Board of Directors                                                                                                Anggota
                                                                                                                               Tomoyuki Monden
   namun tidak terbatas pada:                                        includes, but is not limited to:                                                                                                                   Member
   a. Rencana pengembangan TI dan operasional yang               a. IT and operational development plans that are in line                                                                                               Anggota
                                                                                                                               Herman Sulistyo
                                                                                                                                                                                                                        Member
       sejalan dengan kegiatan usaha Perseroan;                      with the Company’s business activities;
                                                                                                                                                                                                                        Anggota
   b. Perumusan kebijakan dan prosedur;                          b. Formulation of policies and procedures;                    Ken Terada
                                                                                                                                                                                                                        Member
   c. Kesesuaian proyek dengan rencana yang telah                c. Conformity of the project with the approved plan and                                                                                                Anggota
                                                                                                                               Inasari Andayani Atmodjo
       disetujui serta pengembangannya;                              its development;                                                                                                                                   Member
   d. Kesesuaian TI dengan kebutuhan sistem informasi            d. Compatibility of IT with management information                                                                                                     Anggota
                                                                                                                               Renova Siregar
                                                                                                                                                                                                                        Member
       manajemen ataupun kegiatan usaha Perseroan;                   system needs or the Company’s business activities;
                                                                                                                                                                                                                        Anggota
   e. Efektivitas mitigasi risiko atas investasi perusahaan      e. Effectiveness of risk mitigation for company               Lukman Auliadi
                                                                                                                                                                                                                        Member
       pada sektor teknologi informasi;                              investments in the information technology sector;                                                                                                  Anggota
                                                                                                                               Novelita Siregar
   f. Pemantauan dan upaya peningkatan atas kinerja TI           f. Monitoring and efforts to improve the Company’s IT                                                                                                  Member
       Perseroan;                                                    performance;                                                                                                                                       Anggota
                                                                                                                               Bong Himmia
                                                                                                                                                                                                                        Member
   g. Upaya penyelesaian masalah yang tidak dapat                g. Efforts to resolve problems that cannot be resolved by
                                                                                                                                                                                                                        Anggota
       diselesaikan oleh satuan kerja pengguna dan                   work units of users and administrators; and               Fandi Arrya Permana
                                                                                                                                                                                                                        Member
       penyelenggara; dan                                                                                                                                                                                               Anggota
                                                                                                                               Yulia Andri Hartiana
   h. Kecukupan alokasi sumber daya teknologi informasi          h. Adequate allocation of information technology                                                                                                       Member
       yang dimiliki Perseroan.                                      resources owned by the Company.                                                                                                                    Anggota
                                                                                                                               Anita Junianti
                                                                                                                                                                                                                        Member
4. Komite wajib melapor secara berkala kepada Direksi         4. The Committee must report periodically to the Board of
                                                                                                                                                                                                                        Anggota
   sehubungan dengan aktivitasnya.                               Directors regarding its activities.                           Johana Louhenapessy
                                                                                                                                                                                                                        Member




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                PT MSIG Life Insurance Indonesia Tbk
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         Tata Kelola                                                                                                                                                                                                                                Good Corporate
         Perusahaan                                                                                                                                                                                                                                    Governance




                               Nama                                                           Jabatan di Komite                                Pelaksanaan Tugas Komite Teknologi Informasi dan              Implementation of Information Technology and
                               Name                                                       Position in the Committee                            Operasional                                                   Operations Committee’s Duties
                                                                                                     Anggota                                   Sepanjang tahun 2023, Komite Teknologi Informasi dan          Throughout 2023, the Information Technology and
 Leony Samosir
                                                                                                     Member                                    Operasional telah melaksanakan tugas dan tanggung jawab       Operations Committee carried out the following duties and
                                                                                                     Anggota                                   sebagai berikut:                                              responsibilities:
 Troy Steve Kipuw
                                                                                                     Member
                                                                                                                                               1. Mengevaluasi Pedoman Kerja Komite Teknologi Informasi      1. Evaluating the Working Guidelines of the Information
 Profil lengkap ketua dan anggota Komite Teknologi Informasi dan Operasional dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi,
                                                                                                                                                  dan Operasional secara berkala sesuai dengan peraturan         Technology and Operational Committee periodically in
 Profil Pengurus Manajemen, dan Profil Pejabat Eksekutif.
 See full profile of the Chairman and Members of Information Technology and Operations Committee in the Company Profile chapter in the            perundang-undangan yang berlaku;                               accordance with applicable laws and regulations;
 Board of Directors’ Profile, Profile of the Board of Management, Executive Officers’ Profile section.                                         2. Melakukan pemantauan dan evaluasi rutin atas               2. Conducting routine monitoring and evaluation of
                                                                                                                                                  implementasi proyek teknologi informasi dan operasional;       the implementation of information technology and
Pernyataan Independensi Komite Teknologi                                 Independency Statement of Information                                                                                                   operational projects;
Informasi dan Operasional                                                Technology and Operations Committee                                   3. Melakukan peningkatan keamanan perangkat elektronik        3. Improving the security of electronic devices used;
Komite Teknologi Informasi dan Operasional Perseroan bertindak           The Company’s Information Technology and Operations                      yang digunakan;
secara independen, mandiri, dan profesional serta bebas dari             Committee acts independently, discretely, and professionally          4. Melakukan mitigas risiko terkait teknologi informasi dan   4. Mitigating risks related to information technology and
benturan kepentingan dan pengaruh atau tekanan dari pihak                and is free from conflicts of interest and influance or pressure         penyelesaian masalah yang terjadi dalam operasional           resolving issues occurring in company operations; and
manapun dalam melaksanakan tugas dan tanggung jawabnya.                  from any party in carrying out its duties and responsibilities.          perusahaan; dan
                                                                                                                                               5. Menyetujui proposal pengembangan dan infrastruktur         5. Approving proposals for the development               and
Rapat Komite Teknologi Informasi dan Operasional                         Information Technology and Operations                                    teknologi informasi.                                          infrastructure of information technology.
                                                                         Committee’s Meeting
Berdasarkan Piagam Komite Teknologi Informasi dan                        Based on the Information Technology and Operations                    Pelatihan dan/atau Peningkatan Kompetensi Komite              Competency Training and/or Development Programs
Operasional, Komite Teknologi Informasi dan Operasional                  Committee Charter, the Information Technology and                     Teknologi Informasi dan Operasional                           for Information Technology and Operations Committee
dapat melakukan rapat paling sedikit 4 kali dalam 1 tahun                Operations Committee may hold a meeting at least 4 times              Pengembangan kompetensi yang diikuti oleh anggota             The competency development programs attended by
atau lebih sesuai dengan kebutuhan. Berikut rincian kehadiran            in 1 year or more as necessary. The following are details of          Komite Teknologi Informasi dan Operasional selama             Information Technology and Operations Committee’s
rapat masing-masing anggota Komite Teknologi Informasi dan               meeting attendance for each member of the Information                 tahun 2023 dapat dilihat pada uraian Pelatihan dan/atau       members in 2023 can be seen in the description of Competency
Operasional:                                                             Technology and Operations Committee:                                  Peningkatan Kompetensi Direksi, Pengurus Manajemen,           Training and/or Development Programs for the Board of
                                                                                                                                               dan Pejabat Eksekutif.                                        Directors, Board of Management, Executive Officers’ section,
                                                                                                                       Kehadiran                                                                             and Risk Oversight Committee.
          Nama                Jabatan               Total Rapat                    Total Kehadiran
                                                                                                                      Attendance
          Name                Position             Total Meetings                 Total Attendance
                                                                                                                          (%)

                            Ketua                                                                                                              Komite Produk dan Pemasaran                                   Product and Marketing Committee
 Andrew Bain                                                4                               4                              100
                            Chairman
                            Anggota                                                                                                            Komite Produk dan Pemasaran dibentuk oleh dan bertanggung     The Product and Marketing Committee was established
 Tomoyuki Monden                                            4                               4                              100
                            Member                                                                                                             jawab kepada Direksi dalam hal perumusan kebijakan dan        by and is responsible to the Board of Directors in terms of
                            Anggota                                                                                                            strategi pengembangan produk serta aktivitas pemasaran.       formulating product development policies and strategies as
 Herman Sulistyo                                            4                               4                              100
                            Member
                                                                                                                                                                                                             well as marketing activities.
                            Anggota
 Ken Terada                                                 4                               4                              100
                            Member
                            Anggota
                                                                                                                                               Pedoman Kerja Komite Produk dan Pemasaran                     Product and Marketing Committee’s Work Guidelines
 Inasari Andayani Atmodjo                                   4                               4                              100                 Komite Produk dan Pemasaran telah memiliki Pedoman Kerja      The Product and Marketing Committee has Work Guidelines,
                            Member
                            Anggota                                                                                                            yang terakhir kali diperbarui pada tanggal 20 Juni 2023.      which were last updated on June 20, 2023.
 Renova Siregar                                             4                               4                              100
                            Member

 Lukman Auliadi
                            Anggota
                                                            4                               4                              100                 Tugas dan Tanggung Jawab Komite Produk dan                    Duties and Responsibilities of Product and
                            Member
                                                                                                                                               Pemasaran                                                     Marketing Committee
                            Anggota
 Novelita Siregar                                           4                               4                              100                 Tugas dan tanggung jawab Komite Produk dan Pemasaran          The duties and responsibilities of the Product and Marketing
                            Member
                                                                                                                                               diuraikan sebagai berikut:                                    Committee are described as follows:
                            Anggota
 Bong Himmia                                                4                               4                              100                 1. Menyusun, meninjau, memantau, sekaligus mempromosikan      1. To develop, review, monitor and promote product
                            Member
                            Anggota                                                                                                                strategi pengembangan dan pemasaran produk;                  development and marketing strategies;
 Fandi Arrya Permana                                        4                               4                              100
                            Member                                                                                                             2. Menyusun rencana strategis pengembangan dan                2. To create a strategic plan for product development and
                            Anggota                                                                                                                pemasaran produk;                                            marketing;
 Yulia Andri Hartiana                                       4                               4                              100
                            Member                                                                                                             3. Mengevaluasi kesesuaian produk yang akan dipasarkan        3. To evaluate the suitability of the products to be marketed
                            Anggota                                                                                                                dengan rencana strategis Perseroan;                          with the Company’s strategic plan;
 Anita Junianti                                             4                               3                              75
                            Member
                                                                                                                                               4. Mengevaluasi kinerja produk asuransi dan mengusulkan       4. To assess the performance of insurance products and
                            Anggota
 Johana Louhenapessy
                            Member
                                                            4                               4                              100                     perubahan atau penghentian pemasarannya;                     propose changes or discontinuation of marketing;
                            Anggota                                                                                                            5. Memastikan bahwa kebijakan, strategi, dan indikator        5. To ensure that the Company’s product and marketing
 Leony Samosir                                              4                               4                              100
                            Member                                                                                                                 kinerja produk dan pemasaran Perseroan disampaikan           policies, strategies and performance indicators are
                            Anggota                                                                                                                dengan target yang terukur dan jelas;                        delivered with measurable and clear targets;
 Troy Steve Kipuw                                           4                               3                              75
                            Member




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                              PT MSIG Life Insurance Indonesia Tbk
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          Tata Kelola                                                                                                                                                                                                                               Good Corporate
          Perusahaan                                                                                                                                                                                                                                   Governance




6. Memastikan bahwa seluruh aktivitas pemasaran                 6. To ensure that all marketing activities are managed in                                        Nama                                                          Jabatan di Komite
    dikelola sesuai dengan strategi perusahaan, serta               accordance with company strategy, as well as recommend                                       Name                                                      Position in the Committee
    merekomendasikan kinerja taktis untuk mencapai target;          tactical performance to achieve targets;                                                                                                                          Anggota
                                                                                                                                   Tomoyuki Monden
7. Memberikan wawsasan industri trekait produk dan              7. To provide industry insight into product relations and                                                                                                             Member
    aktivitas pemasaran;                                            marketing activities;                                                                                                                                             Anggota
                                                                                                                                   Tju Cunardi
8. Memastikan bahwa risiko operasional dari aktivitas           8. To ensure that operational risks from marketing and                                                                                                                Member

    pemasaran dan pengembangan produk, termasuk desain              product development activities, including design and                                                                                                              Anggota
                                                                                                                                   Lukman Auliadi
                                                                                                                                                                                                                                      Member
    dan harga, teridentifikasi serta dimitigasi secara tepat;       pricing, are identified and appropriately mitigated;
                                                                                                                                                                                                                                      Anggota
9. Membuat keputusan atau rekomendasi lebih lanjut terkait      9. To make further decisions or recommendations regarding          Indra Persada
                                                                                                                                                                                                                                      Member
    hal-hal mendesak; dan                                           urgent matters; and                                                                                                                                               Anggota
                                                                                                                                   Vito Shadiq
10. Melapor secara berkala kepada Direksi sehubungan            10. To report regularly to the Board of Directors regarding its                                                                                                       Member
    dengan aktivitasnya.                                            activities.                                                                                                                                                       Anggota
                                                                                                                                   Arlina Tridewani Benyamin
                                                                                                                                                                                                                                      Member
Komposisi dan Profil Komite Produk dan Pemasaran                Composition and Profile of Product and                             Bong Himmia
                                                                                                                                                                                                                                      Anggota
                                                                                                                                                                                                                                      Member
                                                                Marketing Committee
                                                                                                                                                                                                                                      Anggota
Anggota Komite Produk dan Pemasaran terdiri dari:               The members of the Product and Marketing Committee                 Johana Louhenapessy
                                                                                                                                                                                                                                      Member
                                                                consist of:
                                                                                                                                                                                                                                      Anggota
1. Seluruh anggota Direksi, dengan Direktur & Chief             1. All members of the Board of Directors, with the Director        Leony Samosir
                                                                                                                                                                                                                                      Member
   Transformation Officer sebagai Ketua Komite;                    & Chief Transformation Officer serving as the Committee                                                                                                            Anggota
                                                                                                                                   Ratna Kencana Putra (Ratno)
                                                                   Chairman;                                                                                                                                                          Member
2. Anggota lainnya berasal dari:                                2. Other members are from:                                                                                                                                            Anggota
                                                                                                                                   Ferry Tjong
   a. Chief Actuarial;                                             a. Chief Actuarial, ;                                                                                                                                              Member

   b. Chief Customer & Marketing Officer (Caretaker);              b. Chief Customer & Marketing Officer (Caretaker);                                                                                                                 Anggota
                                                                                                                                   Mikha S. Wirianto
                                                                                                                                                                                                                                      Member
   c. Head of Product Pricing;                                     c. Head of Product Pricing;
                                                                                                                                                                                                                                      Anggota
   d. Head of Product Management, sekaligus sebagai                d. Head of Product Management, concurrently as Person           Hugeng Bawono
                                                                                                                                                                                                                                      Member
      Person in Charge (PIC);                                           in Charge (PIC);                                                                                                                                              Anggota
                                                                                                                                   Ayu Meidyawati
   e. Head of Marketing & Communication;                           e. Head of Marketing & Communication;                                                                                                                              Member
   f. Head of Customer Experience & Engagement;                    f. Head of Customer Experience & Engagement;                                                                                                                       Anggota
                                                                                                                                   Ladiyana Prihantini
   g. Head of Information Technology;                              g. Head of Information Technology;                                                                                                                                 Member

   h. Head of Compliance;                                          h. Head of Compliance;                                                                                                                                             Anggota
                                                                                                                                   Vaji Vitrada Nasution
                                                                                                                                                                                                                                      Member
   i. Head of Legal and Corporate Secretary;                       i. Head of Legal and Corporate Secretary;
                                                                                                                                                                                                                                      Anggota
   j. Head of Partnership & Business Development;                  j. Head of Partnership & Business Development;                  Wakhidah Muslikhah
                                                                                                                                                                                                                                      Member
   k. Head of All (Channel) Business;                              k. Head of All (Channel) Business;
                                                                                                                                   Profil lengkap ketua dan anggota Komite Produk dan Pemasaran dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi, Profil
   l. Head of Internal Audit; dan                                  l. Head of Internal Audit; and                                  Pengurus Manajemen, dan Profil Pejabat Eksekutif.
   m. Aktuaris Perusahaan.                                         m. Company Actuary.                                             See full profile of the Chairman and Members of Product and Marketing Committee in the Company Profile chapter in the Board of Directors’
                                                                                                                                   Profile, Profile of the Board of Management, and Executive Officers’ Profile section.

Susunan keanggotaan Komite Produk dan Pemasaran per             The composition of the Product and Marketing Committee
31 Desember 2023 ditetapkan sebagaimana Pedoman Kerja           as of December 31, 2023, is determined in accordance with         Pernyataan Independensi Komite Produk dan                               Independency Statement of Product and Marketing
Komite Produk dan Pemasaran, yang terakhir kali diamandemen     the Product and Marketing Committee Work’s Guidelines,            Pemasaran                                                               Committee
pada tanggal 20 Juni 2023. Adapun rincian keanggotaan           which were last updated on June 20, 2023. The details of the      Komite Produk dan Pemasaran Perseroan bertindak secara                  The Company’s Product and Marketing Committee acts
dijelaskan sebagai berikut:                                     composition are described as follows:                             independen, mandiri, dan profesional serta bebas dari                   independently, discretely, and professionally and is free from
                                                                                                                                  benturan kepentingan dan pengaruh atau tekanan dari pihak               conflicts of interest and influance or pressure from any party
                               Nama                                                Jabatan di Komite                              manapun dalam melaksanakan tugas dan tanggung jawabnya.                 in carrying out its duties and responsibilities.
                               Name                                            Position in the Committee
                                                                                                                                  Rapat Komite Produk dan Pemasaran                                       Product and Marketing Committee’s Meeting
                                                                                          Ketua
 Ken Terada                                                                                                                       Berdasarkan Piagam Komite Produk dan Pemasaran, Komite                  Based on the Product and Marketing Committee Charter, the
                                                                                         Chairman
                                                                                          Anggota                                 Produk dan Pemasaran dapat melakukan rapat paling sedikit               Product and Marketing Committee may hold a meeting at least
 Wianto
                                                                                          Member                                  4 kali dalam 1 tahun atau lebih sesuai dengan kebutuhan.                4 times 1 year or more as necessary. Following are the details
                                                                                          Anggota                                 Berikut rincian kehadiran rapat masing-masing anggota                   of meeting attendance for each member of the Product and
 Satoshi Shiratani
                                                                                          Member                                  Komite Produk dan Pemasaran sepanjang tahun 2023:                       Marketing Committee:
                                                                                          Anggota
 Herman Sulistyo
                                                                                          Member
                                                                                          Anggota
 Andrew Bain
                                                                                          Member




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
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           Tata Kelola                                                                                                                                                                                                                                                        Good Corporate
           Perusahaan                                                                                                                                                                                                                                                            Governance




                                                                                                                                           Kehadiran                    3. Mengidentifikasi serta merancang mitigasi risiko atas       3. Identifying and designing risk mitigation for marketing
        Nama                 Jabatan                    Total Rapat                            Total Kehadiran
                                                                                                                                          Attendance                       kegiatan pemasaran dan produk asuransi yang tersedia;          activities and available insurance products;
        Name                 Position                  Total Meetings                         Total Attendance
                                                                                                                                              (%)
                                                                                                                                                                        4. Menyetujui perubahan dan/atau penghentian kegiatan          4. Approving the changes and/or discontinuation of
                          Ketua                                                                                                                                            pemasaran suatu produk asuransi;                               marketing activities for insurance products; and
 Ken Terada                                                     4                                        4                                      100
                          Chairman                                                                                                                                      5. Menyetujui rencana pengembangan dan pemasaran               5. Approving the plans for the development and marketing
                          Anggota                                                                                                                                          produk asuransi baru; dan                                      of new insurance products; and
 Wianto                                                          4                                       4                                      100
                          Member
                                                                                                                                                                        6. Meninjau kepuasan nasabah melalui Net Promotor Survey       6. Reviewing customer satisfaction through Net Promoter
                          Anggota
 Satoshi Shiratani                                               4                                       4                                      100                        (NPS), termasuk terkait produk yang ditawarkan Perseroan.      Survey (NPS), including related to the products offered by
                          Member
                          Anggota
                                                                                                                                                                                                                                          the Company.
 Herman Sulistyo                                                 4                                       4                                      100
                          Member
                          Anggota                                                                                                                                       Pelatihan dan/atau Peningkatan Kompetensi Komite               Competency Training and/or Development
 Andrew Bain                                                     4                                       4                                      100
                          Member                                                                                                                                        Produk dan Pemasaran                                           Programs for Product and Marketing Committee
                          Anggota                                                                                                                                       Pengembangan kompetensi yang diikuti oleh anggota Komite       The competency development programs attended by Product
 Tomoyuki Monden                                                 4                                       4                                      100
                          Member
                                                                                                                                                                        Produk dan Pemasaran selama tahun 2023 dapat dilihat pada      and Marketing Committee’s members in 2023 can be seen in
                          Anggota
 Tju Cunardi                                                     4                                       4                                      100                     uraian Pelatihan dan/atau Peningkatan Kompetensi Direksi,      the description of Competency Training and/or Development
                          Member
                                                                                                                                                                        Pengurus Manajemen, dan Pejabat Eksekutif.                     Programs for the Board of Directors, Board of Management,
                          Anggota
 Lukman Auliadi                                                  4                                       4                                      100                                                                                    and Executive Officers’ section.
                          Member
                          Anggota
 Indra Persada                                                   4                                       4                                      100
                          Member

 Vito Shadiq
                          Anggota
                                                                 4                                       4                                      100
                                                                                                                                                                        Komite Manajemen Risiko                                        Risk Management Committee
                          Member
 Arlina Tridewani         Anggota                                                                                                                                       Komite Manajemen Risiko dibentuk oleh dan bertanggung          The Risk Management Committee was established by and is
                                                                 4                                       4                                      100
 Benyamin                 Member
                                                                                                                                                                        jawab kepada Direksi yang berfungsi untuk meminimalisir dan    responsible to the Board of Directors, whose function is to
                          Anggota
 Bong Himmia                                                     4                                       4                                      100                     mengelola terjadinya segala macam risiko dalam operasional     minimize and manage the occurrence of all kinds of risks in the
                          Member
 Johana                   Anggota                                                                                                                                       bisnis Perseroan.                                              Company’s business operations.
                                                                 4                                       4                                      100
 Louhenapessy             Member
                          Anggota                                                                                                                                       Pedoman Kerja Komite Manajemen Risiko                          Risk Management Committee’s Work Guidelines
 Leony Samosir                                                   4                                       4                                      100
                          Member                                                                                                                                        Komite Manajemen Risiko telah memiliki Pedoman Kerja yang      The Risk Management Committee has Work Guidelines, which
 Ratna Kencana            Anggota                                                                                                                                       terakhir kali diperbarui pada tanggal 20 Juni 2023.            were last updated on June 20, 2023.
                                                                 4                                       4                                      100
 Putra (Ratno)            Member
                          Anggota
 Ferry Tjong
                          Member
                                                                 4                                       4                                      100                     Tugas dan Tanggung Jawab                                       Duties and Responsibilities of Risk Management
                          Anggota
                                                                                                                                                                        Komite Manajemen Risiko                                        Committee
 Mikha S. Wirianto                                               4                                       4                                      100
                          Member
                          Anggota                                                                                                                                       Tugas dan tanggung jawab Komite Manajemen Risiko diuraikan     The duties and responsibilities of the Risk Management
 Hugeng Bawono                                                   4                                       4                                      100
                          Member                                                                                                                                        sebagai berikut:                                               Committee are described as follows:
                          Anggota                                                                                                                                       1. Menyusun kebijakan, strategi, dan pedoman penerapan         1. To formulate policies, strategies, and guidelines for
 Ayu Meidyawati*                                                 2                                       2                                      100
                          Member
                                                                                                                                                                           manajemen risiko;                                              implementing risk management;
                          Anggota
 Ladiyana Prihantini                                             4                                       4                                      100                     2. Memperbaiki atau menyesuaikan pelaksanaan manajemen         2. To improve or adjust the implementation of risk management
                          Member
                                                                                                                                                                           risiko berdasarkan hasil evaluasi pelaksanaannya; dan          based on the evaluation results of its implementation; and
 Vaji Vitrada             Anggota
                                                                 4                                       4                                      100                     3. Menetapkan hal-hal yang terkait dengan keputusan bisnis     3. To determine matters related to business decisions that
 Nasution                 Member
 Wakhidah                 Anggota                                                                                                                                          yang menyimpang dari prosedur normal.                          deviate from normal procedures.
                                                                 2                                       2                                      100
 Muslikhah*               Member
* Efektif menjabat sebagai anggota Komite Produk dan Pemasaran sejak tanggal 20 Juni 2023. / Effectively serves as a members of Product and Marketing Committee since   Komposisi dan Profil Komite Manajemen Risiko                   Composition and Profile of Risk Management
  June 20, 2023.
                                                                                                                                                                                                                                       Committee
                                                                                                                                                                        Anggota Komite Manajemen Risiko terdiri dari:                  The Risk Management Committee members consist of:
Pelaksanaan Tugas Komite Produk dan Pemasaran                                          Implementation of Product and Marketing                                          1. Direktur & Chief Risk Officer, sekaligus sebagai Ketua      1. Director & Chief Operating & IT Officer, also serving as the
                                                                                       Committee’s Duties                                                                  Komite;                                                        Committee Chair;
Sepanjang tahun 2023, Komite Produk dan Pemasaran telah                                Throughout 2023, the Product and Marketing Committee                             2. Presiden Direktur;                                          2. President Director;
melaksanakan tugas dan tanggung jawab sebagai berikut:                                 carried out the following duties and responsibilities:                           3. Wakil Presiden Direktur & Chief Financial Officer;          3. Vice President Director & Chief Financial Officer;
1. Mengevaluasi Pedoman Kerja Komite Produk dan                                        1. Periodically evaluating the Product and Marketing                             4. Direktur & Chief Operating & IT Officer;                    4. Director & Chief Operating & IT Officer;
   Pemasaran secara berkala sesuai dengan peraturan                                        Committee’s Working Guidelines in accordance with                            5. Anggota lainnya terdiri dari:                               5. Other members consist of:
   perundang-undangan yang berlaku;                                                        applicable laws and regulations;                                                a. Chief Compliance, Legal, and Corporate Secretary;           a. Chief Compliance, Legal, and Corporate Secretary;
2. Melakukan pemantauan dan evaluasi rutin atas produk                                 2. Conducting regular monitoring and evaluation of                                  b. Chief Actuarial;                                            b. Chief Actuarial;
   asuransi dan strategi pemasarannya;                                                     insurance products and marketing strategies;                                    c. Chief Human Capital Officer;                                c. Chief Human Capital Officer;
                                                                                                                                                                           d. Head of Risk Management, sekaligus sebagai Person in        d. Head of Risk Management, concurrently as Person in
                                                                                                                                                                               Charge (PIC);                                                   Charge (PIC);




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           Perusahaan                                                                                                                                                                                                                                                                    Governance




    e.    Head of Compliance & Fraud Investigation;                         e.  Head of Compliance & Fraud Investigation;                   Pernyataan Independensi Komite Manajemen Risiko                                        Independency Statement of Risk Management
    f.    Head of Legal and Corporate Secretary;                            f.  Head of Legal and Corporate Secretary;                                                                                                             Committee
    g.    Head of Information Technology;                                   g.  Head of Information Technology;                             Komite Manajemen Risiko Perseroan bertindak secara                                     The Company’s Risk Management Committee acts
    h.    Head of IT Security and Governance;                               h.  Head of IT Security and Governance;                         independen, mandiri, dan profesional serta bebas dari                                  independently, discretely, and professionally and is free from
    i.    Head of Investment;                                               i.  Head of Investment;                                         benturan kepentingan dan pengaruh atau tekanan dari pihak                              conflicts of interest and influance or pressure from any party
    j.    Head of Internal Audit;                                           j.  Head of Internal Audit;                                     manapun dalam melaksanakan tugas dan tanggung jawabnya.                                in carrying out its duties and responsibilities.
    k.    Risk Management Manager; dan                                      k.  Risk Management Manager; dan
    l.    Pengurus DPLK /Pelaksana Tugas Pengurus DPLK.                     l.  DPLK Management / Implementation of DPLK                    Rapat Komite Manajemen Risiko                                                          Risk Management Committee’s Meeting
                                                                                Management.                                                 Berdasarkan Piagam Komite Manajemen Risiko, Komite                                     Based on the Risk Management Committee Charter, the Risk
6. Sehubungan dengan kebutuhan keahlian, komite dapat                   6. In relation to the need for expertise, the committee may         Manajemen Risiko dapat melakukan rapat paling sedikit 1 kali                           Management Committee may hold a meeting at least once
   mengundang individu lain dari departemen terkait melalui                invite other individuals from relevant departments through       dalam 2 bulan atau lebih sesuai dengan kebutuhan. Berikut                              every 2 months or more as necessary. Following are the
   Biro Direksi berdasarkan keputusan ketua.                               the Board of directors based on the chairman’s decision.         rincian kehadiran rapat masing-masing anggota Komite                                   details of meeting attendance for each member of the Risk
                                                                                                                                            Manajemen Risiko sepanjang tahun 2023:                                                 Management Committee throughout 2023:
Susunan keanggotaan Komite Manajemen Risiko per                         The composition of the Risk Management Committee as of
31 Desember 2023 ditetapkan sebagaimana Pedoman Kerja                   December 31, 2023, is determined in accordance with the Risk                                                                                                                                                    Kehadiran
Komite Manajemen Risiko, yang terakhir kali diamandemen                 Management Committee Work’s Guidelines, which were last                     Nama                 Jabatan                    Total Rapat                            Total Kehadiran
                                                                                                                                                                                                                                                                                       Attendance
                                                                                                                                                    Name                 Position                  Total Meetings                         Total Attendance
pada tanggal 20 Juni 2023. Adapun rincian keanggotaan                   updated on June 20, 2023. The details of the composition are                                                                                                                                                       (%)
dijelaskan sebagai berikut:                                             described as follows:                                                                         Ketua
                                                                                                                                             Tomoyuki Monden                                                 4                                        4                                    100
                                                                                                                                                                      Chairman
                                                                                                                                                                      Anggota
                                Nama                                                        Jabatan di Komite                                Wianto                                                          4                                        4                                    100
                                                                                                                                                                      Member
                                Name                                                    Position in the Committee
                                                                                                                                                                      Anggota
                                                                                                                                             Satoshi Shiratani                                               4                                        4                                    100
                                                                                                    Ketua                                                             Member
 Tomoyuki Monden
                                                                                                   Chairman
                                                                                                                                                                      Anggota
                                                                                                                                             Andrew Bain                                                     4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Wianto
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Renova Siregar                                                  4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Satoshi Shiratani
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Tju Cunardi                                                     4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Andrew Bain
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Novelita Siregar                                                4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Renova Siregar
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Troy Steve Kipuw                                                4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Tju Cunardi
                                                                                                   Member
                                                                                                                                             Johana                   Anggota
                                                                                                                                                                                                             4                                        4                                    100
                                                                                                   Anggota                                   Louhenapessy             Member
 Novelita Siregar
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Leony Samosir                                                   4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Troy Steve Kipuw
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Bong Himmia                                                     4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Johana Louhenapessy
                                                                                                   Member
                                                                                                                                             Fandi Arrya              Anggota
                                                                                                                                                                                                             4                                        4                                    100
                                                                                                   Anggota                                   Permana                  Member
 Leony Samosir
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Hadi Setiawan                                                   4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Bong Himmia
                                                                                                   Member
                                                                                                                                             Vaji Vitrada             Anggota
                                                                                                                                                                                                             4                                        4                                    100
                                                                                                   Anggota                                   Nasution                 Member
 Fandi Arrya Permana
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Alief Yanisa                                                    4                                        4                                    100
                                                                                                   Anggota                                                            Member
 Hadi Setiawan
                                                                                                   Member
                                                                                                                                             Fitriyana Maya           Anggota
                                                                                                                                                                                                             2                                        2                                    100
                                                                                                   Anggota                                   Damayanti*               Member
 Vaji Vitrada Nasution
                                                                                                   Member
                                                                                                                                                                      Anggota
                                                                                                                                             Joelong*                                                        2                                        2                                    100
                                                                                                   Anggota                                                            Member
 Alief Yanisa
                                                                                                   Member
                                                                                                                                            * Efektif menjabat sebagai anggota Komite sejak tanggal 20 Juni 2023. / Effectively serves as a member of the Committee since June 20, 2023.
                                                                                                   Anggota
 Fitriyana Maya Damayanti
                                                                                                   Member
                                                                                                   Anggota                                  Pelaksanaan Tugas Komite Manajemen Risiko                                              Implementation of Risk Management Committee’s
 Joelong
                                                                                                   Member
                                                                                                                                                                                                                                   Duties
 Profil lengkap ketua dan anggota Komite Manajemen Risiko dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi, Profil Pengurus
                                                                                                                                            Sepanjang tahun 2023, Komite Manajemen Risiko telah                                    Throughout 2023, the Risk Management Committee carried
 Manajemen, dan Profil Pejabat Eksekutif.
 See full profile of the Chairman and Members of Manajemen Risiko Committee in the Company Profile chapter in the Board of Directors’       melaksanakan tugas dan tanggung jawab sebagai berikut:                                 out the following duties and responsibilities:
 Profile, Profile of the Board of Management, and Executive Officers’ Profile section.                                                      1. Mengevaluasi Pedoman Kerja Komite Manajemen Risiko                                  1. Periodically evaluating the Risk Management Committee’
                                                                                                                                               secara berkala sesuai dengan peraturan perundang-                                       Working Guidelines in accordance with applicable laws
                                                                                                                                               undangan yang berlaku;                                                                  and regulations;



             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                              Good Corporate
        Perusahaan                                                                                                                                                                                                                                  Governance




2. Melakukan pemantauan dan evaluasi rutin atas                  2. Conducting regular monitoring and evaluation of the          6. Chief Human Capital Officer, sekaligus sebagai Ketua                6. Chief Human Capital Officer, also serving as the Committee
   implementasi manajemen risiko yang diterapkan dalam              implementation of risk management applied in the                Komite.                                                                Chair.
   Perseroan; dan                                                   Company; and                                                 7. Anggota lainnya terdiri dari:                                       7. Other members consist of:
3. Mengusulkan perbaikan dan/atau perubahan strategi             3. Proposing improvements and/or changes to risk                   a. Head of Human Capital Business Partner and Employee                 a. Head of Human Capital Business Partner and Employee
   manajemen risiko berdasarkan hasil audit yang dilakukan.         management strategies based on audit findings.                      Relation;                                                              Relations;
                                                                                                                                    b. Head of Human Capital Business Partner and Talent                   b. Head of Human Capital Business Partner and Talent
Pelatihan dan/atau Peningkatan Kompetensi Komite                 Competency Training and/or Development                                 Acquisition;                                                           Acquisition;
Manajemen Risiko                                                 Programs for Risk Management Committee                             c. Head of Human Capital Learning and Development; dan                 c. Head of Human Capital Learning and Development; and
Pengembangan kompetensi yang diikuti oleh anggota Komite         The competency development programs attended by Risk               d. Head of Human Capital Rewards, Service Delivery & HRIS;             d. Head of Human Capital Rewards, Service Delivery &
Manajemen Risiko selama tahun 2023 dapat dilihat pada            Management Committee’s members in 2023 can be seen in                                                                                         HRIS;
uraian Pelatihan dan/atau Peningkatan Kompetensi Direksi,        the description of Competency Training and/or Development       8. Head of Internal Audit.                                             8. Head of Internal Audit.
Pengurus Manajemen, dan Pejabat Eksekutif.                       Programs for the Board of Directors, Board of Management,
                                                                 and Executive Officers’ section.                                Susunan keanggotaan Komite Sumber Daya Manusia per                     The membership structure of the Human Resources
                                                                                                                                 31 Desember 2023 ditetapkan sebagaimana Pedoman                        Committee as of December 31, 2023, is determined in
                                                                                                                                 Kerja Komite Sumber Daya Manusia, yang terakhir kali                   accordance with the Human Resources Committee’s Working
Komite Sumber Daya Manusia                                       Human Resources Committee                                       diamandemen pada tanggal 21 Maret 2023. Adapun rincian                 Guidelines, which were last amended on March 21, 2023. The
                                                                                                                                 keanggotaan dapat dijelaskan sebagai berikut:                          details of the membership are explained as follows:
Komite Sumber Daya Manusia dibentuk dalam rangka                 The Human Resources Committee is established to support
mendukung efektivitas pelaksanaan tugas dan tanggung             the effectiveness of the Board of Directors in implementing                                   Nama                                                         Jabatan di Komite
jawab Direksi terkait kebijakan dan strategi pengembangan        policies and strategies for human resources development in                                    Name                                                     Position in the Committee
sumber daya manusia di Perseroan.                                the Company.
                                                                                                                                                                                                      Ketua
                                                                                                                                  Novelita Siregar
                                                                                                                                                                                                      Chairman
Pedoman Kerja Komite Sumber Daya Manusia                         Human Resources Committee’ Working Guidelines                                                                                        Anggota
                                                                                                                                  Wianto
Komite Sumber Daya Manusia telah memiliki Pedoman Kerja          The Human Resources Committee has Working Guidelines,                                                                                Member
yang terakhir kali diperbarui pada tanggal 21 Maret 2023.        which were last updated on March 21, 2023.                                                                                           Anggota
                                                                                                                                  Satoshi Shiratani
                                                                                                                                                                                                      Member

Tugas dan Tanggung Jawab Komite Sumber Daya                      Duties and Responsibilities of the Human Resources                                                                                   Anggota
                                                                                                                                  Andrew Bain
                                                                                                                                                                                                      Member
Manusia                                                          Committee
                                                                                                                                                                                                      Anggota
Tugas dan tanggung jawab Komite Sumber Daya Manusia              The tasks and responsibilities of the Human Resources            Tomoyuki Monden
                                                                                                                                                                                                      Member
diuraikan sebagai berikut:                                       Committee are outlined as follows:
                                                                                                                                                                                                      Anggota
1. Meninjau keefektifan organisasi dan membantu Direksi          1. To review the effectiveness of the organization and assist    Renova Siregar
                                                                                                                                                                                                      Member
    dalam membuat perubahan dalam organisasi sesuai                 the Board of Directors in making required organizational      Profil lengkap ketua dan anggota Komite Sumber Daya Manusia dapat dilihat pada bab Profil Perusahaan bagian Profil Direksi dan Profil
    kebutuhan;                                                      changes;                                                      Pengurus Manajemen.
                                                                                                                                  See full profile of the Chairman and member of the Human Resources Committee in the Company Profile chapter in the Board of Directors’
2. Memastikan strategi sumber daya manusia selaras dengan        2. To ensure that human resources strategies are aligned
                                                                                                                                  Profile and Profile, Profile of the Board of Management.
    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             Pernyataan Independensi Komite Sumber                                  Statement of Independence of the Human
    operasional sumber daya manusia melalui program                 resources operations through compensation programs,          Daya Manusia                                                           Resources Committee
    kompensasi, perekrutan dan pengembangan talenta,                talent recruitment and development, succession planning,     Komite Sumber Daya Manusia Perseroan bertindak secara                  The Company’s Human Resources Committee acts
    perencanaan suksesi, dan anggaran tenaga kerja;                 and workforce budgeting;                                     independen, mandiri, dan profesional serta bebas dari                  independently, autonomously, and professionally, and is free
4. Memantau dan menganalisa risiko atau masalah terkait          4. To monitor and analyze risks or issues related to the        benturan kepentingan dan pengaruh atau tekanan dari pihak              from conflicts of interest and influence or pressure from any
    organisasi dan/atau sumber daya manusia, pengaruhnya            organization and/or human resources, their impact on the     manapun dalam melaksanakan tugas dan tanggung jawabnya.                party in carrying out its duties and responsibilities.
    kepada Perseroan, dan menyampaikan mitigasinya; dan             Company, and present the mitigations; and
5. Membuat keputusan dan/atau merekomendasikan eskalasi          5. To make decisions and/or recommend further escalation        Rapat Komite Sumber Daya Manusia                                       Meetings of the Human Resources Committee
    lebih lanjut dari hal-hal mendesak terkait organisasi dan/      of urgent matters related to the organization and/or         Berdasarkan Piagam Komite Sumber Daya Manusia, Komite                  According to the Charter of the Human Resources Committee,
    atau sumber daya manusia.                                       human resources.                                             Sumber Daya Manusia dapat melakukan rapat paling sedikit               the Human Resources Committee may hold meetings at least
                                                                                                                                 1 kali dalam 2 bulan atau lebih sesuai dengan kebutuhan.               once every 2 months or more as needed. The following are
Komposisi dan Profil Komite Sumber Daya Manusia                  Composition and Profile of the Human Resources                  Berikut rincian kehadiran rapat masing-masing anggota                  the details of the attendance of each member of the Human
                                                                 Committee                                                       Komite Sumber Daya Manusia sepanjang tahun 2023:                       Resources Committee at meetings throughout 2023:
Anggota Komite Sumber Daya Manusia terdiri dari:                 The members of the Human Resources Committee consist of:
1. Presiden Direktur;                                            1. President Director;
2. Wakil Presiden Direktur & Chief Financial Officer;            2. Deputy President Director & Chief Financial Officer;
3. Direktur & Chief Operating & IT Officer;                      3. Director & Chief Operating & IT Officer;
4. Direktur & Chief Risk Officer;                                4. Director & Chief Risk Officer;
5. Chief Compliance, Legal, and Corporate Secretary;             5. Chief Compliance, Legal, and Corporate Secretary;




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                           PT MSIG Life Insurance Indonesia Tbk
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          Tata Kelola                                                                                                                                                                                                                   Good Corporate
          Perusahaan                                                                                                                                                                                                                       Governance




                                                                                                              Kehadiran            Piagam Sekretaris Perusahaan                                  Corporate Secretary Charter
            Nama                      Jabatan           Total Rapat              Total Kehadiran
                                                                                                             Attendance            Sekretaris Perusahaan menjalankan fungsi, tugas, dan          The Corporate Secretary carries out its function, duties, and
            Name                      Position         Total Meetings           Total Attendance
                                                                                                                 (%)
                                                                                                                                   tanggung jawab dengan berpedoman pada Peraturan Otoritas      responsibilities in accordance with the Financial Services
                               Ketua                                                                                               Jasa Keuangan No. 35/POJK.04/2014 tentang Sekretaris          Authority Regulation No. 35/POJK.04/2014 on Corporate
 Novelita Siregar                                              4                         4                       100
                               Chairman                                                                                            Perusahaan Emiten atau Perusahaan Publik serta mengacu        Secretary of Issuers or Public Companies and the Company’s
                               Anggota                                                                                             pada Anggaran Dasar Perseroan.                                Articles of Association.
 Wianto                                                        4                         4                       100
                               Member
                               Anggota
 Satoshi Shiratani
                               Member
                                                               4                         4                       100               Tugas dan Tanggung Jawab Sekretaris Perusahaan                Duties and Responsibilities of Corporate Secretary
                               Anggota
                                                                                                                                   Tugas dan tanggung jawab Sekretaris Perusahaan diuraikan      The duties and responsibilities of the Corporate Secretary are
 Andrew Bain                                                   4                         4                       100
                               Member                                                                                              sebagai berikut:                                              described as follows:
                               Anggota                                                                                             1. Mengikuti perkembangan pasar modal, khususnya terkait      1. To follow capital market development, particularly laws
 Tomoyuki Monden                                               4                         4                       100
                               Member                                                                                                 peraturan perundang-undangan yang berlaku;                    and regulations applicable;
                               Anggota                                                                                             2. Memberikan masukan kepada Direksi dan Dewan                2. To provide input to the Board of Directors and Board of
 Renova Siregar                                                4                         3                        75
                               Member
                                                                                                                                      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;
Pelaksanaan Tugas Komite Sumber Daya Manusia                       Implementation of the Human Resources                           3. Membantu Direksi dan Dewan Komisaris dalam                 3. To assist the Board of Directors and Board of
Sepanjang tahun 2023, Komite Sumber Daya Manusia telah             Committee’s Duties                                                 pelaksanaan GCG; dan                                          Commissioners in implementing GCG; and
melaksanakan tugas dan tanggung jawab sebagai berikut:             Throughout 2023, the Human Resources Committee has              4. Menjadi penghubung antara Perseroan dengan pemegang        4. To be liaison between the Company and shareholder,
1. Mengevaluasi Pedoman Kerja Komite Sumber Daya                   executed the following duties and responsibilities:                saham, Otoritas Jasa Keuangan, Bursa Efek Indonesia, dan      Financial Services Authority, Indonesia Stock Exchange,
   Manusia secara berkala sesuai dengan peraturan                  1. Evaluated the Working Guidelines of the Human Resources         pemangku kepentingan lainnya.                                 and other stakeholders.
   perundang-undangan yang berlaku;                                   Committee periodically in accordance with applicable
2. Melakukan pemantauan dan evaluasi rutin atas penerapan             regulations;                                                 Profil Sekretaris Perusahaan                                  Corporate Secretary’s Profile
   strategi operasional sumber daya manusia;                       2. Conducted routine monitoring and evaluation of the           Sekretaris Perusahaan diangkat dan diberhentikan oleh         The Company Secretary is appointed and dismissed by the
3. Menetapkan       rencana   program     pelatihan    dan            implementation of human resources operational strategies;    Direksi dan menjalankan tugas sesuai dengan Peraturan         Board of Directors and carries out duties in accordance
   pengembangan yang sesuai bagi jajaran manajemen dan             3. Established appropriate training and development             Otoritas Jasa Keuangan No. 35/POJK.04/2014 tentang            with the Financial Services Authority Regulation
   karyawan;                                                          programs for management and employees;                       Sekretaris Perusahaan. Leony Samosir diangkat untuk           No. 35/POJK.04/2014 on Company Secretary. Leony Samosir
4. Merancang program suksesi dan pengembangan talent               4. Designed succession and talent development programs          menduduki posisi Sekretaris Perusahaan efektif sejak          was appointed to the position of Company Secretary effective
   Perseroan; dan                                                     for the Company; and                                         tanggal 1 April 2022 berdasarkan Surat Keputusan Direksi      April 1, 2022, based on the Board of Directors’ Decision Letter
5. Mengimplementasikan program-program yang dapat                  5. Implemented programs aimed at improving the                  No. 13/AJSMSIG-CSEC/IV/2022. Beliau saat ini berdomisili      No. 13/AJSMSIG-CSEC/IV/2022. She is currently domiciled in
   meningkatkan hubungan baik antara karyawan dan                     relationship between employees and the Company.              di Jakarta. Informasi lengkap terkait profil Sekretaris       Jakarta. Complete information regarding the profile of the
   Perseroan.                                                                                                                      Perusahaan dapat dilihat pada bab Profil Perusahaan bagian    Company Secretary can be found in the Company Profile
                                                                                                                                   Pejabat Eksekutif.                                            section under Executive Officers.
Pelatihan dan/atau Peningkatan Kompetensi Komite                   Training and/or Competency Development for the
Sumber Daya Manusia                                                Human Resources Committee                                       Pelaksanaan Tugas Sekretaris Perusahaan                       Implementation of Corporate Secretary’s Duties
Pengembangan kompetensi yang diikuti oleh anggota Komite           The competency development attended by members of the           Sepanjang tahun 2023, Sekretaris Perusahaan telah             Throughout 2023, the Corporate Secretary carried out the
Sumber Daya Manusia selama tahun 2023 dapat dilihat pada           Human Resources Committee in 2023 can be found in the           melaksanakan tugas dan tanggung jawab sebagai berikut:        following duties and responsibilities:
uraian Pelatihan dan/atau Peningkatan Kompetensi Direksi           description of Training and/or Competency Development for       1. Mengikuti perkembangan pasar modal khususnya               1. Kept abreast of capital market developments, especially
dan Pengurus Manajemen.                                            the Board of Directors and Board of Management.                    peraturan perundang-undangan yang berlaku di bidang            regulations applicable to the capital market sector;
                                                                                                                                      pasar modal;
                                                                                                                                   2. Menyelenggarakan RUPS Tahunan dan RUPS Luar Biasa          2. Organized the Annual GMS and Extraordinary GMS on
                                                                                                                                      pada tanggal 27 Juni 2023;                                    June 27, 2023;
                                                                                                                                   3. Memperbarui Term of Reference (TOR) Komite pendukung       3. Updated the Terms of Reference (TOR) of the Committees
Organ Pendukung Direksi                                                                                                               Dewan Komisaris dan Direksi;                                  supporting the Board of Commissioners and Board of
                                                                                                                                   4. Membuat Surat Keputusan tentang Susunan Anggota               Directors;
Board of Directors’ Supporting Organs                                                                                                 Komite Sumber Daya Manusia;                                4. Issued Decisions on the Composition of the Human
                                                                                                                                   5. Memperbarui Surat Keputusan tentang Perubahan                 Resources Committee Members;
                                                                                                                                      Susunan Anggota Komite Kebijakan Tata Kelola               5. Updated Decisions on Changes to the Composition of the
Sekretaris Perusahaan                                              Corporate Secretary                                                Perusahaan dan Susunan Anggota Komite Pemantau                Members of the Good Corporate Governance Committee
                                                                                                                                      Risiko;                                                       and Risk Monitoring Committee;
Sekretaris Perusahaan memiliki peranan penting dalam               The Corporate Secretary has an important role in ensuring       6. Memperbarui Piagam Dewan Komisaris, Dewan Pengawas         6. Updated the Charters of the Board of Commissioners,
memastikan kelancaran komunikasi yang baik, antara Perseroan       smooth and effective communication between the Company             Syariah, dan Direksi;                                         Sharia Supervisory Board, and Board of Directors;
dengan para pemangku kepetingan, serta memastikan                  and its stakeholders, as well as ensuring timely and accurate   7. Memperbarui Panduan Umum Penyampaian Laporan dan           7. Updated the General Guidelines for Submission of Reports
terselenggaranya penyampaian informasi secara tepat waktu          delivery of information to all stakeholders.                       Permohonan Persetujuan;                                       and Requests for Approval;
dan akurat kepada seluruh pemangku kepentingan.                                                                                    8. Melakukan peninjauan ulang dan pengkinian informasi        8. Reviewed and updated information on the Company’s
                                                                                                                                      pada situs web Perseroan;                                     website;




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                 PT MSIG Life Insurance Indonesia Tbk
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           Tata Kelola                                                                                                                                                                                                                                                    Good Corporate
           Perusahaan                                                                                                                                                                                                                                                        Governance




9. Melakukan keterbukaan informasi kepada masyarakat,                      9. Provided information transparency to the public, including              Bulan      Tanggal                                                        Keterangan
    termasuk ketersediaan informasi pada situs web Perseroan,                  making information available on the Company’s website,                 Month       Date                                                          Description
    meliputi penyampaian informasi mengenai Laporan Tahunan                    including the Annual Report, as well as quarterly and                                       Pemanggilan Rapat Umum pemegang saham Tahunan dan Luar Biasa.
                                                                                                                                                                    5
    dan Laporan Keuangan per kuartal dan tahunan;                              annual Financial Statements;                                                                Convocation of Annual and Extraordinary General Meetings of Shareholders.
10. Menyampaikan Laporan Berkala dan Laporan Insidentil                    10. Submitted Periodic and Incident Reports to the Indonesia             Juni                   Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 Mei 2023.
                                                                                                                                                                    7
                                                                                                                                                    June                   Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending May 31, 2023.
    kepada Bursa Efek Indonesia dan Otoritas Jasa Keuangan;                    Stock Exchange and Financial Services Authority;
                                                                                                                                                                           Ringkasan Risalah Rapat Umum Para pemegang saham Tahunan dan Luar Biasa.
11. Menyampaikan penjelasan atas permintaan Bursa Efek                     11. Provided timely explanations to requests from the                                    30
                                                                                                                                                                           Summary of Minutes of Annual and Extraordinary General Meetings of shareholders.
    Indonesia dengan tepat waktu;                                              Indonesia Stock Exchange;                                                                   Keterbukaan Informasi terkait Aksi Korporasi - Dividen Tunai – 04072023.
                                                                                                                                                                    4
12. Menyelenggarakan dan mendokumentasikan RUPS, yang                      12. Organized and documented General Meetings of                                                Disclosure of Corporate Action Information - Cash Dividends - 04072023.
    meliputi pemberitahuan kepada Otoritas Jasa Keuangan,                      Shareholders, including notifying the Financial Services                             5
                                                                                                                                                                           Laporan Informasi atau Fakta Material Perkara Hukum terhadap Perusahaan.
                                                                                                                                                                           Report of Information or Material Facts Regarding the Company’s Legal Matters.
    dan penyampaian pengumuman, pemanggilan, dan                               Authority, and providing meeting announcements,
                                                                                                                                                                           Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 30 Juni 2023.
    risalah rapat melalui situs web resmi Perseroan, situs web                 invitations, and minutes through the Company’s official                              7
                                                                                                                                                                           Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending June 30, 2023.
    penyedia e-RUPS, dan situs web Bursa Efek Indonesia;                       website, e-General Meeting provider website, and                     Juli                   Transaksi Afiliasi.
                                                                                                                                                                    18
                                                                               Indonesia Stock Exchange website;                                    July                   Affiliate Transactions.
13. Menyelenggarakan Paparan Publik pada tanggal                           13. Organized Public Expose on September 19, 2023;                                              Perubahan Komite Audit.
                                                                                                                                                                    25
    19 September 2023;                                                                                                                                                     Changes in Audit Committee.
                                                                                                                                                                           Laporan Informasi atau Fakta Material Perubahan Nama dan Alamat Perusahaan.
14. Menyelenggarakan rapat Direksi, rapat Dewan Komisaris,                 14. Held Board of Directors meetings, Board of Commissioners                             27
                                                                                                                                                                           Report of Information or Material Facts of Changes in Company Name and Address.
    rapat gabungan Direksi bersama Dewan Komisaris, rapat                      meetings, joint meetings between the Board of Directors and                                 Laporan Informasi atau Fakta Material Penyampaian Laporan Keuangan Interim Tengah Tahun yang Tidak Diaudit.
                                                                                                                                                                    31
    Komite Pendukung Direksi, dan rapat Komite Pendukung                       Board of Commissioners, meetings of the Board of Directors’                                 Report of Information or Material Facts of Submission of Unaudited Interim Mid-Year Financial Statements.
    Dewan Komisaris sesuai dengan ketentuan Otoritas Jasa                      Supporting Committees, and meetings of the Board of                                         Penyampaian Bukti Iklan Informasi Laporan Keuangan Interim.
                                                                                                                                                                    2
    Keuangan; dan                                                              Commissioners’ Supporting Committees in accordance with              Agustus                Submission of Proof of Advertisement of Interim Financial Statements Information.
                                                                                                                                                    August                 Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 Juli 2023.
                                                                               the Financial Services Authority regulations; and                                    8
                                                                                                                                                                           Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending July 31, 2023.
15. Membantu Direksi dan Dewan Komisaris dalam                             15. Assisted the Board of Directors and Board of
                                                                                                                                                                           Rencana Penyelenggaraan Public Expose Tahunan.
    meningkatkan kualitas tata kelola perusahaan yang baik.                    Commissioners in improving the quality of good corporate                             5
                                                                                                                                                                           Annual Public Expose Organization Plan.
                                                                               governance.                                                                                 Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 Agustus 2023.
                                                                                                                                                                    7
                                                                                                                                                                           Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending August 31, 2023.
                                                                                                                                                    September
                                                                                                                                                                           Penyampaian Materi Public Expose Tahunan.
Keterbukaan Informasi Perusahaan Tahun 2023                                Company Information Disclosure in 2023                                                   14
                                                                                                                                                                           Submission of Material for Annual Public Expose.
Selama tahun 2023, Sekretaris Perusahaan telah                             Throughout 2023, the Company Secretary has submitted
                                                                                                                                                                           Laporan Hasil Public Expose Tahunan.
menyampaikan Keterbukaan Informasi, baik laporan berkala                   Information Disclosures, both periodic and incident reports,                             22
                                                                                                                                                                           Report of Results of Annual Public Expose.
maupun laporan insidentil, yang disampaikan kepada Bursa                   to the Indonesia Stock Exchange.                                                                Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 September 2023.
Efek Indonesia.                                                                                                                                                     9      Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending
                                                                                                                                                                           September 31, 2023.
                                                                                                                                                    Oktober
                                                                                                                                                                           Permintaan Informasi oleh Emiten dan Perusahaan Publik Mengenai Lainnya.
                                                                                                                                                    October         19
   Bulan         Tanggal                                                       Keterangan                                                                                  Request for Information by Issuers and Public Companies Regarding Others.
   Month          Date                                                         Description                                                                                 Permintaan Informasi oleh Emiten dan Perusahaan Publik Mengenai Tanggapan Surat Otoritas Jasa Keuangan.
                                                                                                                                                                    27
                                                                                                                                                                           Request for Information by Issuers and Public Companies Regarding Responses to the Financial Services Authority Letters.
                            Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur Pemegang Saham Periode 31 Desember 2022.
 Januari                                                                                                                                                                   Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 Oktober 2023.
                     6      Monthly Report on Securities Holder Registration/Changes in Shareholders Structure for the Period of December 31,       November        8
 January                                                                                                                                                                   Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending October 31, 2023.
                            2022.
                                                                                                                                                                           Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 30 November 2023.
                            Laporan Informasi atau Fakta Material Perkara Hukum terhadap Emiten atau Perusahaan Publik dan/atau Anggota             Desember
                                                                                                                                                                    8      Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending
                            Direksi dan Anggota Dewan Komisaris Emiten atau Perusahaan Publik yang Berdampak Material.                              December
                     8                                                                                                                                                     November 30, 2023.
                            Report of Information or Material Facts Regarding Legal Matters Against the Issuer or Public Company and/or
 Februari                   Members of the Board of Directors and Board of Commissioners of the Issuer or Public Company with Material Impact.
 February
                            Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 Januari 2023.                    Pelatihan dan/atau Peningkatan Kompetensi                                Competency Training and/or Development
                     8      Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending January 31,    Sekretaris Perusahaan                                                    Programs for Corporate Secretary
                            2023.
                                                                                                                                                   Pengembangan kompetensi yang diikuti oleh Sekretaris                     The competency development activities attended by the
                            Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 28 Februari 2023.
                     8      Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending February 28,   Perusahaan selama tahun 2023 dapat dilihat pada uraian                   Corporate Secretary in 2023 can be found in the description
 Maret                      2023.                                                                                                                  Pelatihan dan/atau Peningkatan Kompetensi Pejabat Eksekutif.             of Training and/or Competency Development for Executive
 March
                    31
                            Laporan Informasi atau Fakta Material Laporan Keuangan Tahunan 2022 yang Telah Diaudit.                                                                                                         Officers.
                            Report of Information or Material Facts of the Audited Annual Financial Statements for 2022.
                            Penyampaian Bukti Iklan Informasi Laporan Keuangan Tahunan.
                     4
                            Submission of Proof of Advertisement of Annual Financial Statements Information.
                                                                                                                                                   Unit Audit Internal                                                      Internal Audit Unit
                            Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 31 Maret 2023.
 April               6      Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending March 31,      Unit Audit Internal merupakan organ pendukung Direksi yang               The Internal Audit Unit is a supporting organ to the Board
                            2023.                                                                                                                  berfokus pada pengendalian internal serta berperan penting               of Directors, focusing on internal control and playing an
                            Penyampaian Laporan Tahunan dan Keberlanjutan.                                                                         dalam menjaga keberlangsungan bisnis Perseroan. Unit ini                 important role in maintaining the continuity of the Company’s
                    28
                            Submission of Annual and Continuity Reports.
                                                                                                                                                   bertanggung jawab untuk memberikan konsultasi independen                 business. This unit is responsible for providing independent
                            Laporan Bulanan Registrasi Pemegang Efek/Perubahan Struktur pemegang saham Periode 30 April 2023.
                     5      Monthly Report of Securities Holder Registration/Changes in Shareholder Structure for the Period Ending April 30,      seputar pengendalian internal, termasuk mengenai                         consultations on internal control, including the Company’s
                            2023.                                                                                                                  pertumbuhan Perseroan, pengelolaan risiko, serta penerapan               growth, risk management, and the implementation of
 Mei
                            Penyampaian Mata Acara Rapat Umum pemegang saham Tahunan dan Luar Biasa.                                               tata kelola perusahaan yang efektif dan efisien.                         effective and efficient corporate governance.
 May                11
                            Submission of Agenda for Annual and Extraordinary General Meetings of Shareholders.
                            Pemberitahuan Rencana Rapat Umum pemegang saham Tahunan dan Luar Biasa.
                    19
                            Notification of Plans for Annual and Extraordinary General Meetings of Shareholders.


             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                               PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                       Good Corporate
        Perusahaan                                                                                                                                                                                                                           Governance




Piagam Unit Audit Internal                                      Internal Audit Unit Charter                                       Adapun struktur Unit Audit Internal per 31 Desember 2023         The structure of Internal Audit Unit as of December 31, 2023,
Unit Audit Internal telah memiliki Piagam Unit Audit Internal   The Internal Audit Unit has an Internal Audit Unit Charter that   sebagai berikut:                                                 is as follows.
yang telah disetujui oleh Dewan Komisaris.                      has been approved by the Board of Commissioners.

                                                                                                                                                                             Direksi                               Komite Audit
Tugas dan Tanggung Jawab Unit Audit Internal                    Duties and Responsibilities of Internal Audit Unit
                                                                                                                                                                        Board of Directors                        Audit Committee
Tugas dan tanggung jawab Unit Audit Internal diuraikan          The duties and responsibilities of the Internal Audit Unit are
sebagai berikut:                                                described as follows:
1. Mengembangkan rencana tahunan menggunakan metode             1. To develop an annual plan using appropriate risk-based
    audit berbasis risiko yang tepat untuk evaluasi prosedur/      audit methods for evaluating procedures/systems                                                  Kepala Unit Audit Internal
    sistem kontrol yang digunakan;                                 controls utilized;                                                                                 Head of Internal Audit

2. Melaksanakan rencana audit tahunan yang telah disetujui,     2. To carry out the approved annual audit plan, including                                            Vaji Vitrada Nasution
    termasuk tugas atau proyek khusus yang diminta oleh            tasks or special projects requested by management and
    manajemen dan Dewan Komisaris melalui Komite Audit;            the Board of Commissioners through the Audit Committee;
3. Mengembangkan dan mengimplementasikan program                3. To develop and implement evaluation programs and                                                    Unit Audit Internal
    evaluasi serta peningkatan kualitas Audit Internal;            improve the quality of Internal Audit;                                                               Internal Audit Unit
4. Menilai kecukupan, memeriksa, dan mengevaluasi               4. To assess the adequacy, examine, and evaluate internal
    pengendalian internal, serta kebijakan dan sistem tata         controls, as well as policies and governance systems for
    kelola untuk manajemen risiko;                                 risk management;                                               Profil Kepala Unit Audit Internal                                Profile of Head of Internal Audit Unit
5. Memantau dan memberikan rekomendasi berdasarkan              5. To monitor and provide recommendations based on the            Perseroan telah menunjuk Vaji Vitrada Nasution sebagai           The Company appointed Vaji Vitrada Nasution as Head of the
    hasil Audit Internal maupun kegiatan investigasi;              results of Internal Audits and investigative activities;       Kepala Unit Audit Internal Perseroan sejak tahun 2017 dan        Company’s Internal Audit Unit in 2017, who passed the Fit and
6. Melakukan kerja sama dengan Komite Audit dalam               6. To cooperate with the Audit Committee in carrying out          telah lulus Uji Kemampuan dan Kepatutan oleh Otoritas            Proper Test by Financial Services Authority based on Board of
    melaksanakan fungsi pengawasan;                                supervisory functions;                                         Jasa Keuangan berdasarkan Keputusan Dewan Komisioner             Commissioners’ Decision of Financial Services Authority No.
7. Memberi rekomendasi kepada manajemen dalam                   7. To provide recommendations to management in running            Otoritas Jasa Keuangan No. KEP-452/NB.11/2017 tentang            KEP-452/NB.11/2017 on Results of Fit and Proper Test under
    menjalankan bisnis, membuat keputusan strategis,               the business, making strategic decisions, or monitoring        Hasil Penilaian Kemampuan dan Kepatutan Atas Nama Vaji           the name of Vaji Vitrada Nasution. As per Financial Services
    ataupun pengawasan risiko dan kontrol manajemen;               risk and management control;                                   Vitrada Nasution. Sesuai dengan Peraturan Otoritas Jasa          Authority Regulations, his appointment in 2019 was already
8. Memberikan gambaran umum kepada pemangku                     8. To provide stakeholders with an overview of the overall        Keuangan, penunjukkannya pada tahun 2019 telah dilaporkan        reported to the Financial Services Authority based on Board
    kepentingan seputar infrastruktur kontrol secara               control infrastructure;                                        kepada Otoritas Jasa Keuangan berdasarkan Surat Keputusan        of Directors’ Decision Letter No. 003/AJSM-SK/III/2019 dated
    keseluruhan;                                                                                                                  Direksi No. 003/AJSM-SK/III/2019 tanggal 19 Maret 2019.          March 19, 2019.
9. Memastikan fungsi Audit Internal dikelola oleh auditor       9. To ensure that the Internal Audit function is managed
    yang profesional dan kompeten dalam melaksanakan                by professional and competent auditors to carry out the       Informasi lengkap terkait profil Unit Audit Internal dapat       Complete information regarding the profile of Internal
    rencana audit tahunan; dan                                      annual audit plan; and                                        dilihat pada bab Profil Perusahaan bagian Pejabat Eksekutif.     Audit Unit can be seen in the Company Profile chaoter in the
10. Menetapkan dan mengevaluasi program yang berkualitas        10. To establish and evaluate quality programs to improve                                                                          Executive Officers section.
    untuk meningkatkan kualitas.                                    quality.
                                                                                                                                  Kualifikasi/Sertifikasi Profesi Unit Audit Internal              Professional Qualification/Certification of
Struktur dan Kedudukan Unit Audit Internal                      Internal Audit Unit’s Structure and Position                                                                                       Internal Audit Unit
Kedudukan Unit Audit Internal sebagai berikut:                  The position of Internal Audit Unit is as follows:                Kepala Unit Audit Internal telah memiliki sertifikasi sebagai    The Head of Internal Audit Unit has obtained certification of
1. Unit Audit Internal dipimpin oleh seorang Kepala Unit        1. The Internal Audit Unit is led by a Head of Internal Audit     profesi audit internal yaitu Certified Risk Governance           internal audit profession, namely Certified Risk Governance
   Audit Internal;                                                 Unit;                                                          Professional dari Lembaga Sertifikasi Profesi Manajemen          Professional from Risk Management Professional Certification
2. Kepala Unit Audit Internal diangkat dan diberhentikan        2. The Head of Internal Audit Unit is appointed and dismissed     Risiko pada tanggal 6 Desember 2017.                             Institute on December 6, 2017.
   oleh Presiden Direktur atas persetujuan Dewan Komisaris;        by the President Director under Board of Commissioners’
                                                                   approval;                                                      Rapat Unit Audit Internal                                        Internal Audit Unit’s Meeting
3. Kepala Unit Audit Internal bertanggung jawab kepada          3. The Head of Internal Audit Unit is responsible to the          Unit Audit Internal Perseroan melakukan rapat secara berkala     The Company’s Internal Audit Unit conducts regular meetings
   Presiden Direktur; dan                                          President Director; and                                        dengan Dewan Komisaris, Direksi, dan Komite Audit guna           with the Board of Commissioners, Board of Directors, and
4. Auditor yang duduk dalam Unit Audit Internal bertanggung     4. Auditors who sit in Internal Audit Unit are directly           menyampaikan laporan hasil audit. Pada tahun 2023, Unit          Audit Committee to deliver reports on audit results. In 2023,
   jawab secara langsung kepada Kepala Unit Audit Internal.        responsible to the Head of Internal Audit Unit.                Audit Internal telah melaksanakan rapat sebanyak 12 kali.        the Internal Audit Unit held 12 meetings.

                                                                                                                                  Pelaksanaan Tugas Unit Audit Internal                            Implementation of Internal Audit Unit’s Duties
                                                                                                                                  Sepanjang tahun 2023, Unit Audit Internal telah melaksanakan     Throughout 2023, the Internal Audit Unit has carried out
                                                                                                                                  tugas dan tanggung jawabnya dalam hal evaluasi sistem            its duties and responsibilities in evaluating internal control
                                                                                                                                  pengendalian internal dan manajemen risiko serta laporan         systems and risk management, as well as audited audit
                                                                                                                                  audit yang telah diaudit di bidang customer service, khususnya   reports in the areas of customer service, especially complaint
                                                                                                                                  complaint handling, proses penjualan, bisnis syariah, dana       handling, sales processes, Sharia business, pension funds, and
                                                                                                                                  pensiun, dan operasional perusahaan.                             company operations.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                   Good Corporate
        Perusahaan                                                                                                                                                                                                                                       Governance




Pelatihan dan/atau Peningkatan Kompetensi Unit                   Competency Training and/or Development                                    •   Implementasi prinsip Know Your Employee; dan                        •   Implementation of Know Your Employee principle;
Audit Internal                                                   Programs for Unit Audit Internal                                                                                                                  and
Pengembangan kompetensi yang diikuti oleh Kepala Unit Audit      The competency development programs attended by Head                      • Implementasi prinsip anti pencucian              uang                 Implementing anti-money laundering principles
                                                                                                                                                                                                                   •
Internal selama tahun 2023 dapat dilihat pada uraian Pelatihan   of Internal Audit Unit in 2023 can be seen in the description               berdasarkan Risk Based Approach (RBA).                                based on a Risk Based Approach (RBA).
dan/atau Peningkatan Kompetensi Pejabat Eksekutif.               of Competency Training and/or Development Programs for               b. Pelatihan APU-PPT                                                   b. AML-CTF training.
                                                                 Executive Officers’ section.
                                                                                                                                   Struktur dan Kedudukan Fungsi Kepatuhan                               Compliance Function’s Structure and Position
                                                                                                                                   Berikut struktur dan kedudukan Fungsi Kepatuhan per 31                The following is the structure and position of the Compliance
Fungsi Kepatuhan                                                 Compliance Function                                               Desember 2023:                                                        Function as of December 31, 2023:


Fungsi Kepatuhan Perseroan dibentuk secara independen            The Company’s Compliance Function was established                                                             Chief Compilance, Legal & Corporate Secretary
terhadap satuan kerja operasional dan bebas dari pengaruh        independently of operational work units and is free from                                                                    Renova Siregar
satuan kerja lainnya, serta mempunyai akses langsung pada        influence from other work units, and has direct access to the
Direktur yang membawahi Fungsi Kepatuhan. Secara teknis,         Director in charge of the Compliance Function. Technically, the
Fungsi Kepatuhan dijalankan oleh Divisi Compliance & Fraud       Compliance Function is carried out by the Compliance & Fraud                                                    Head of Compliance & Fraud Investigation
Investigation.                                                   Investigation Division.                                                                                                   Johana Louhenapessy


Tugas dan Tanggung Jawab Fungsi Kepatuhan                        Duties and Responsibilities of Compliance Function
Tugas dan tanggung jawab Fungsi Kepatuhan diuraikan              The duties and responsibilities of the Compliance Function are
                                                                                                                                                     Compliance Manager                     Investigator Manager                       Anti-Fraud Manager
sebagai berikut:                                                 described as follows:
1. Compliance Regulatory, bertugas untuk:                        1. Compliance Regulatory, responsible for:
   a. Membuat batasan analisis peraturan yang berdampak             a. Setting limits on regulatory analysis that have an
       pada Perseroan;                                                  impact on the Company;                                         Compliance AML              Compliance Regulatory
   b. Membuat dan memperbarui pedoman/prosedur                      b. Creating and updating compliance guidelines/
       kepatuhan; dan                                                   procedures; and
   c. Memastikan laporan-laporan ke regulator disampaikan           c. Ensuring that reports to regulatory are submitted in a      Profil Kepala Divisi Compliance & Fraud Investigation                 Profile of Head of Compliance & Fraud Investigation
       tepat waktu.                                                     timely manner.                                                                                                                   Division
2. Sales Compliance and Advisory, bertugas untuk:                2. Sales Compliance, responsible for:                             Perseroan    telah   menunjuk    Johana    Louhenapessy               The Company appointed Johana Louhenapessy as the Head
   a. Membantu memberikan saran kepada unit bisnis                  a. Assisting and providing advice to business units            sebagai Kepala Divisi Compliance & Fraud Investigation                of the Company’s Compliance & Fraud Investigation Division
       terkait proses penjualan, operasional, dan perizinan             regarding sales, operational, and licensing processes      Perseroan    berdasarkan   Surat    Keputusan       Direksi           based on Board of Directors’ Decision Letter No. 078/PL-
       tenaga pemasar;                                                  of marketers;                                              No. 078/PL-AJSMSIG/SK/V/2020 tanggal 16 April 2020.                   AJSMSIG/SK/V/2020 dated April 16, 2020.
   b. Mengelola dan memantau strategi anti-fraud;                   b. Managing and monitoring anti-fraud strategy;
   c. Memantau kegiatan pada area penjualan dalam hal:              c. Monitoring activities in sales area, as follows:            Program Kerja Fungsi Kepatuhan                                        Compliance Function Work Program
       • Implementasi anti penyuapan dan korupsi;                       • Implementation of anti-bribery and corruption;           Sepanjang tahun 2023, Fungsi Kepatuhan telah melaksanakan             Throughout 2023, the Compliance Function carried out the
       • Implementasi sanksi tenaga pemasar;                            • Implementation of marketers’ sanction;                   tugas dan tanggung jawab sebagai berikut:                             following duties and responsibilities:
       • Kepatuhan proses klaim dan pembayaran;                         • Compliance with claims and payment processes;            1. Memantau penyelesaian audit yang dilakukan oleh                    1. Monitoring the completion of audit by Financial Services
       • Implementasi pendataan konflik kepentingan                     • Implementation of employee conflict of interest             Otoritas Jasa Keuangan pada Unit Syariah Perusahaan;                   Authority for Sharia Business Unit;
           karyawan;                                                         data collection;                                      2. Mengelola dan memantau pelaporan Dishonest Unlawful                2. Managing and monitoring Dishonest Unlawful Acts (DUA)
       • Pendaftaran sertifikasi tenaga pemasar; dan                    • Registration of marketer certification; and                 Act (DUA) untuk dilakukan pelaporan kepada Direksi                     and preparing dishonest unlawful monthly reports;
       • Implementasi dari pelatihan wajib untuk tenaga                 • Implementation of mandatory training for                    setiap bulannya;
           pemasar.                                                          marketers.                                            3. Melaksanakan program APU-PPT, antara lain:                         3. Conducting AML-CTF program, among others:
   d. Meninjau pedoman proses penjualan, standar                    d. Review of sales process guidelines, standard operating         a. Melakukan pelatihan dan sosialisasi kepada tenaga                  a. Conducting training and dissemination to sales force
       operasional prosedur, dan kebijakan.                             procedures, and policies.                                         penjualan dan karyawan;                                              and employees;
3. Anti Pencucian Uang dan Pencegahan Pendanaan                  3. Anti-Money Laundering and Counter-Terrorism Financing             b. Melakukan pelatihan APU-PPT (daftar teroris, daftar                b. Carrying out AML-CFT training (terrorist list, weapons
   Terorisme (APU-PPT), bertugas untuk:                             (AML-CTF), responsible for:                                           senjata pemusnah masal, daftar nama terduga, Pusat                   of mass destruction list, suspect names list, Financial
   a. Memastikan Perseroan tidak digunakan sebagai media            a. Ensuring that the Company is not used as a medium                  Pelaporan dan Analisisi Transaksi Keuangan, dan                      Transaction Reports and Analysis Center, and Office of
       pencucian uang dan terorisme, dengan aktivitas                   for money laundering and terrorism, by the following              daftar Office of Foreign Asset Control (OFAC));                      Foreign Asset Control (OFAC) list);
       sebagai berikut:                                                 activities:                                                   c. Penerapan prinsip customer due diligence;                          c. Implementing customer due diligence principle;
       • Aktif melakukan pelatihan dan kesadaran kepada                 • Actively conducting training and awareness for              d. Melakukan enhanced due diligance untuk transaksi                   d. Performing enhanced due diligence for high-risk
           tenaga pemasar dan karyawan;                                      marketers and employees;                                     berisiko tinggi;                                                     transactions;
       • Melakukan skrining sesuai dengan prosedur                      • Conducting screening according to AML-CTF                   e. Melaporkan Transaksi Keuangan Mencurigakan (TKM)                   e. Regularly reporting suspicious financial transaction
           APU-PPT;                                                          procedures;                                                  kepada regulator setiap ditemukan; dan                               reports to Government regulators whenever
       • Menerapkan prinsip customer due diligence;                     • Implementation of customer due diligence principle;                                                                                  discovered; and
       • Melakukan enhanced due diligence untuk transaksi               • Performing enhanced due diligence for high-risk             f. Implementasi prinsip anti pencucian uang berdasarkan               f. Implementing anti-money laundering principles based
           berisiko tinggi;                                                  transactions;                                               Risk Based Approach (RBA).                                            on Risk Based Approach (RBA).
       • Melaporkan Transaksi Keuangan Mencurigakan                     • Reporting Suspicious Financial Transactions (SFT)        4. Implementasi Anti-Fraud Strategy.                                  4. Implementing Anti-Fraud Strategy.
           (TKM) kepada regulator setiap ditemukan;                          to regulators whenever detected;



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                 PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                Good Corporate
        Perusahaan                                                                                                                                                                                                                                    Governance




Fungsi Manajemen Risiko                                               Risk Management Function                                           Sistem Pengendalian Internal
Fungsi Manajemen Risiko dibentuk sebagai unit independen              The Risk Management function was established as an                 Internal Control System
yang bertanggung jawab mengarahkan praktik manajemen                  independent unit responsible for directing risk management
risiko di Perseroan, terutama dalam menghadapi risiko-risiko          practices within the Company, particularly in addressing risks
yang dapat mengganggu pencapaian sasaran Perseroan.                   that may disrupt the Company’s objectives.


Tugas dan Tanggung Jawab Fungsi Manajemen                             Duties and Responsibilities of                                     Sistem pengendalian internal merupakan serangkaian proses          The internal control system is a dynamic and integrated set of
Risiko                                                                Risk Management Function                                           yang dinamis dan terintegrasi untuk meyakinkan manajemen           processes to ensure management in realizing the Company’s
Tugas dan tanggung jawab Fungsi Manajemen Risiko diuraikan            The duties and responsibilities of the Risk Management             dalam merealisaikan tujuan Perseroan dengan efektif dan efisien,   objectives effectively and efficiently, presenting accountable
sebagai berikut:                                                      Function are described as follows:                                 penyajian laporan keuangan yang dapat dipertanggungjawabkan,       financial reports, adequate risk management, and protecting
1. Mengembangkan kebijakan atau pedoman manajemen                     1. To develop risk management policies or guidelines;              pengelolaan risiko yang memadai, serta perlindungan terhadap       assets while complying with applicable laws and regulations.
   risiko;                                                                                                                               aset, dengan tetap patuh terhadap hukum dan peraturan
2. Bersama-sama dengan manajemen, mengidentifikasi                    2. Together with the management, to identify risks, including      perundang-undangan yang berlaku.
   risiko, termasuk risiko yang melekat (inherent risk) pada             inherent risks in the Company’s business activities;
   kegiatan usaha Perseroan;                                                                                                             Beberapa faktor dasar pada mekanisme sistem pengendalian           Several basic factors in the mechanism of the Company’s
3. Menyusun metode pengukuran risiko;                                 3. To develop risk measurement methods;                            internal Perseroan antara lain:                                    internal control system, among other are:
4. Memantau pelaksanaan strategi manajemen risiko yang                4. To monitor the implementation of risk management                1. Lingkungan kontrol yang efektif melalui GCG;                    1. Effective control environment through GCG;
   telah disusun oleh Direksi;                                           strategy prepared by the Board of Directors;                    2. Manajemen risiko oleh manajemen Perseroan;                      2. Risk management by the Company’s management;
5. Memantau posisi risiko Perseroan secara keseluruhan, per           5. To monitor the Company’s risk position in overall, per          3. Kebijakan dan prosedur untuk unit bisnis utama dan unit         3. Policies and procedures for main business units and
   jenis risiko, dan per jenis aktivitas fungsional terhadap             type of risk, and per type of functional activity against the      pendukung telah dikembangkan, disetujui, dan ditinjau               support units have been developed, approved, and
   toleransi risiko dan limit yang telah ditetapkan, melakukan           predetermined risk tolerance and limit, to conduct tests           secara berkala;                                                     periodically reviewed;
   pengujian dengan menggunakan skenario atau asumsi                     using scenarios or assumptions of abnormal conditions,          4. Sistem informasi akuntansi yang memadai; dan                    4. Adequate accounting information system; and
   kondisi tidak normal, serta melakukan pengujian dengan                and to conduct tests using historical data;                     5. Terus memantau efektivitas implementasi pengendalian            5. Continuous monitoring on effectiveness of internal
   menggunakan data historis;                                                                                                               internal secara keseluruhan.                                        control’s overall implementation.
6. Mengkaji ulang secara berkala terhadap proses manajemen            6. To periodically review the risk management process;
   risiko;                                                                                                                               Tinjauan atas Efektivitas Sistem                                   Review of the Effectiveness of Internal Control
7. Memberikan rekomendasi kepada Fungsi Bisnis dan                    7. To provide recommendations to the Business and                  Pengendalian Internal                                              System
   Operasional serta Komite Manajemen Risiko; dan                        Operational Functions and the Risk Management
                                                                         Committee; and                                                  Selama tahun 2023, Perseroan telah melakukan evaluasi              Throughout 2023, the Company conducted an evaluation
8. Menyusun serta menyampaikan laporan profil risiko                  8. To prepare and submit risk profile reports to the President     terhadap sistem pengendalian internal Perseroan melalui            of the Company’s internal control system through Internal
   kepada Direktur Utama atau Direksi yang membawahi                     Directors or Director in charge of Risk Management              kegiatan Unit Audit Internal terkait dengan pengelolaan risiko.    Audit Unit activities related to risk management. The audit
   Fungsi Manajemen Risiko dan Komite Manajemen Risiko                   Function and the Risk Management Committee on a                 Audit tersebut dilakukan dengan mengevaluasi kecukupan             was performed by evaluating the adequacy and effectiveness
   secara berkala.                                                       regular basis.                                                  serta efektivitas desain dan implementasi pengendalian             of the design and implementation of internal controls for
                                                                                                                                         intern bagi Perseroan menggunakan pendekatan kerangka              the Company using a previously established internal control
Struktur dan Kedudukan Fungsi Manajemen Risiko                        Structure and Position of Risk Management                          pengendalian intern yang telah ditetapkan sebelumnya. Hasil        framework approach. The audit findings were presented and
Berikut struktur dan kedudukan Fungsi Manajemen Risiko per            The following is the structure ad position of the Risk             audit telah disampaikan dan dibahas dalam rapat Komite Audit       discussed in regular meetings of the Audit Committee.
31 Desember 2023:                                                     Management Function as of December 31, 2023:                       yang dilakukan secara berkala.



                                                       Director & Chief Officer                                                          Pernyataan Dewan Komisaris dan Direksi                             Statement of the Board of Commissioners
                                                       Tomoyuki Monden                                                                   atas Kecukupan Sistem Pengendalian                                 and Board of Directors on the Adequacy of
                                                                                                                                         Internal                                                           Internal Control System
                                                      Head of Risk Management
                                                                                                                                         Dewan Komisaris dan Direksi menilai penerapan sistem               The Board of Commissioners and Board of Directors assessed
                                                        Troy Steve Kipuw
                                                                                                                                         pengendalian internal Perseroan telah dilaksanakan                 that the implementation of the Company’s internal control
                                                                                                                                         secara menyeluruh pada setiap kegiatan usaha Perseroan.            system has been implemented comprehensively in every
                                                                                                                                         Sehingga dapat dinyatakan kegiatan operasional dan/atau            business activity of the Company. Therefore, it can be stated
                              Operational Risk                                     Financial Risk Management                             keuangan Perseroan tahun 2023 dapat berjalan dengan                that the Company’s operational and/or financial activities
                                                                                                                                         baik, tanpa menimbulkan kerugian yang bersifat signifikan          in 2023 have been conducted smoothly, without causing
                                                                                                                                         dengan senantiasa patuh pada peraturan perundang-                  significant losses by always adhering to applicable laws and
Profil Kepala Manajemen Risiko                                        Profile of Head of Risk Management                                 undangan yang berlaku.                                             regulations.
Perseroan telah menunjuk Troy Steve Kipuw sebagai Kepala              The Company appointed Troy Steve Kipuw as Head of Risk
Manajemen Risiko. Informasi lengkap terkait profil Kepala             Management. Full profile of the Head of Risk Management
Manajemen Risiko dapat dilihat pada bagain Profil Pejabat             can be seen in the Executive Officers’ Profile section.
Eksekutif.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                              PT MSIG Life Insurance Indonesia Tbk
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         Tata Kelola                                                                                                                                                                                                                             Good Corporate
         Perusahaan                                                                                                                                                                                                                                 Governance




Sistem Manajemen Risiko                                                                                                               Proses Sistem Manajemen Risiko                                   Risk Management System Process

Risk Management System                                                                                                                Pelaksanaan sistem manajemen risiko dilakukan secara             The implementation of the risk management system is carried
                                                                                                                                      sistematis dan terukur melalui 4 tahapan utama siklus            out systematically and measurably through 4 main stages of a
                                                                                                                                      berkelanjutan sebagaimana berikut:                               continuous cycle as follows:

                                                                                                                                                                                                                                                 Pengawasan dan
                                                                                                                                                                           Pengukuran dan                  Penanganan Risiko
Penerapan sistem manajemen risiko membantu Perseroan                 The implementation of risk management systems helps the                                                                                                                        Pelaporan
                                                                                                                                                                            Evaluasi Risiko                  Risk Treatment
                                                                                                                                              Identifikasi                                                                                        Monitoring and
untuk mencapai tujuan perusahaan, baik jangka panjang maupun         Company to achieve its corporate objectives, both in the                                             Assess and Evaluate
                                                                                                                                             Identification                                              Menentukan penanganan                      Reporting
jangka pendek, melalui proses identifikasi, pengendalian, dan        short and long term, through the process of identifying,                                                   of Risk                   risiko yang tepat sesuai
                                                                                                                                          Identifikasi risiko yang                                       dengan scope dan konteks                Meninjau efektifitas
pemantauan risiko yang berkelanjutan serta memastikan bahwa          controlling, and monitoring risks continuously and ensuring                                        Menilai dan mengevaluasi
                                                                                                                                           mempengaruhi tujuan                                              risiko yang dihadapi                penanganan risiko dan
                                                                                                                                                                        dampak dan kemungkinan
risiko tersebut tidak melampaui selera risiko (risk appetite). Hal   that these risks do not exceed the risk appetite. This also                 Perseroan                                               (Mitigate, Avoid, Transfer,            melakukan perbaikan
                                                                                                                                                                          terjadinya risiko secara
                                                                                                                                        Identify and Recognize risk                                                Accept)                         berdasarkan hasil
ini juga termasuk melakukan pemantauan kesesuaian antara             includes monitoring compliance between applicable laws                                             kuantitatif dan kualitatif
                                                                                                                                          that threaten Company                                           Determine the rightment                      peninjauan
                                                                                                                                                                          Assess and Evaluate the
ketentuan dan hukum yang berlaku dengan kebijakan, rencana,          and regulations with internal policies, plans, provisions, and              objectives                                             according with the scope and           Review the effectiveness
                                                                                                                                                                         impact and the likelihood
                                                                                                                                                                                                        context of the risk (Mitigate,        of risk treatment and make
ketentuan, serta prosedur internal. Realisasi pelaksanaan            procedures. The realization of the risk management system                                             of risk quantitatively or
                                                                                                                                                                                                           Avoid, Transfer, Accept)           improvement based on the
                                                                                                                                                                                 qualitatively
sistem manajemen risiko dilakukan oleh Komite Manajemen              implementation is carried out by the Risk Management                                                                                                                             review result
Risiko dan Komite Pemantau Risiko dengan berpedoman pada             Committee and Risk Monitoring Committee based on the
Kebijakan Sistem Manajemen Risiko Perseroan yang terakhir            Company’s Risk Management System Policy, which was last
kali diperbarui pada tanggal 1 Juni 2023.                            updated on June 1, 2023.

Secara umum, pengelolaan sistem manajemen risiko Perseroan           In general, the management of the Company’s risk                 Penerapan Manajemen Risiko                                       Implementation of Risk Management
didasarkan pada 5 dasar utama, yaitu:                                management system is based on five main principles:
1. Menetapkan kebijakan manajemen risiko dan proses                  1. Establish adequate risk management policies and               Proses implementasi manajemen risiko Perseroan dilakukan         The implementation process of the Company’s risk
    manajemen risiko yang memadai;                                      processes;                                                    secara komprehensif dan menyeluruh, guna meminimalisir           management is carried out comprehensively and thoroughly
2. Menetapkan selera risiko dan strategi untuk masing-               2. Determine risk appetite and strategies for each type of       ancaman dan memaksimalkan peluang dalam menghadapi               to minimize threats and maximize opportunities when facing
    masing jenis risiko;                                                risk;                                                         kondisi bisnis yang dinamis. Teknis pelaksanannya mengacu        dynamic business conditions. The technical implementation
3. Menerapkan budaya manajemen risiko yang kuat di                   3. Implement a strong risk management culture throughout         pada Peraturan Otoritas Jasa Keuangan No. 44/POJK.05/2020        refers to the Financial Services Authority Regulation No. 44/
    seluruh tingkatan Perseroan;                                        the Company;                                                  tentang Penerapan Manajemen Risiko bagi Lembaga Jasa             POJK.05/2020 on the Implementation of Risk Management
4. Memastikan realisasi tata kelola dan fungsi pengawasan            4. Ensure effective governance and supervisory functions;        Keuangan Non-Bank. Pengelolaan dimulai dari proses               for Non-Bank Financial Institutions. The management begins
    yang baik; dan                                                      and                                                           identifikasi, pengukuran, pengendalian, monitor, dan             with the process of risk identification, measurement, control,
5. Memastikan struktur permodalan yang memadai.                      5. Ensure adequate capital structure.                            pelaporan risiko secara berkesinambungan.                        monitoring, and reporting risks on an ongoing basis.

Berdasarkan kebijakan sistem manajemen risiko, Perseroan             Based on the risk management system policy, the Company          Perseroan wajib menerapkan manajemen risiko secara efektif,      The Company is required to implement risk management
menetapkan three lines of defense yang dijelaskan sebagai            establishes three lines of defense which are described as        yang paling sedikit mencakup 4 pilar, yaitu:                     effectively, which includes at least 4 pillars, as follows:
berikut:                                                             follows:                                                         1. Pengawasan aktif Direksi, Dewan Komisaris, dan Dewan          1. Active supervision of the Board of Directors, Board of
1. 1st Line Defence: Unit Bisnis                                     1. 1st Line of Defence: Business Unit                                Pengawas Syariah;                                                Commissioners, and Sharia Supervisory Board;
   Bertanggung jawab mengelola risiko sehari-hari yang                   Responsible for managing day-to-day risks related to the     2. Kecukupan kebijakan dan prosedur manajemen risiko             2. Adequacy of risk management policies and procedures
   berkaitan dengan pelaksanaan strategi yang timbul akibat              implementation of strategies arising from operational            serta penetapan limit risiko;                                    and setting risk limits;
   aktivitas operasional.                                                activities.                                                  3. Kecukupan proses identifikasi, pengukuran, pengendalian,      3. Adequacy of risk identification, measurement, control,
2. 2nd Line Defence: Unit Manajemen Risiko dan Kepatuhan             2. 2nd Line of Defence: Risk Control Unit, and Compliance            dan pemantauan risiko, serta sistem informasi manajemen          and monitoring processes, as well as risk management
   Melakukan pemantauan, penelaahan, dan koordinasi                      Effective management accompanied by risk monitoring              risiko; dan                                                      information systemes; and
   terhadap pengelolaan risiko, serta menetapkan kerangka                by establishing risk frameworks, policies, and procedures    4. Sistem pengendalian internal yang menyeluruh.                 4. Comprehensive internal control system.
   kerja, kebijakan, dan prosedur manajemen risiko.                      that are right on target as well as communicating them to
                                                                         all parts of the organization.
3. 3rd Line Defence: Unit Audit Internal                             3. 3rd Line of Defence: Internal Audit Unit                      Jenis Risiko dan Cara Pengelolaannya                             Types of Risks and How to Manage
   Memberikan asuransi atas keseluruhan pengelolaan dan                  Ensuring that risk management is carried out on target
   pengendalian risiko secara reguler, independen, dan                   and effectively by assessing it regularly, independently,    Berdasarkan hasil identifikasi dan pengukuran risiko selama      Based on the risk identification and measurement results for
   tervalidasi.                                                          and validating it using a management approach.               tahun 2023, Perseroan telah mengelompokkan risiko yang           2023, the Company has classified risks that have the potential
                                                                                                                                      berpotensi memengaruhi kinerja Perseroan yang diuraikan          to affect the Company’s performance which are described as
                                                                                                                                      sebagai berikut:                                                 follows:




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                           PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                                                Good Corporate
        Perusahaan                                                                                                                                                                                                                                                                    Governance




Jenis Risiko                                                                                                                                              Jenis Risiko
                              Indikasi                                                       Upaya Mitigasi                                                                           Indikasi                                                     Upaya Mitigasi
  Type of                                                                                                                                                   Type of
                             Indication                                                     Mitigation Efforts                                                                       Indication                                                   Mitigation Efforts
   Risks                                                                                                                                                     Risks

Risiko            Ketidaktepatan dalam                  Melakukan rapat Komite Manajemen Risiko dan rapat komite-komite pendukung Direksi                 Risiko           Jenis risiko yang mungkin           Menggunakan instrumen dan proporsi yang sesuai dengan strategi investasi yang telah
Strategis         pengambilan dan/atau                  secara berkala, di mana pada proses pelaksanaannya dilakukan pemantauan dan analisa atas          Likuiditas       muncul dikarenakan perubahan        ditetapkan disertai pengendalian laju pertumbuhan atas kewajiban dan pemantauan secara
                  pelaksanaan suatu keputusan           pelaksanaan strategi bisnis. Selain itu, dillakukan juga perencanaaan tindakan perbaikan                           dinamis kondisi ekonomi global,     berkala.
                  strategi, serta kegagalan dalam       pada proses pengendalian internal apabila diperlukan penyesuaian atas perubahan atau                               seperti perbankan, suku bunga,
                  mengantisipasi perubahan              penambahan informasi mengenai faktor keberhasilan pencapaian strategi. Hal ini didasarkan                          hingga industri serupa.
                  lingkungan bisnis.                    pada pemahaman bersama antara Direksi dan pejabat di bawahnya terhadap tujuan dan                 Liquidity Risk   Types of risks that may arise due   Using instruments and proportions in accordance with a predetermined investment strategy
                                                        sasaran yang hendak dicapai melalui pelaksanaan kegiatan bisnis Perseroan.                                         to dynamic changes in global        accompanied by controlling the growth rate of liabilities and regular monitoring.
Strategic Risk    Inaccuracy in making and/             Conducting regular meetings between the Risk Management Committee and Board of                                     economic conditions, such as
                  or implementing a strategic           Directors’ supporting committees, where the implementation of business strategies is                               banking, interest rates, and
                  decision, as well as failure          monitored and analyzed. Besides, corrective action planning is also carried out in the internal                    similar industries.
                  to anticipate changes in the          control process if adjustments are needed for changes or additional information regarding         Risiko Hukum     Risiko yang mungkin muncul          • Melakukan tinjauan terhadap perjanjian kerja sama dengan pihak lain secara berkala oleh
                  business environment.                 success factors in achieving the strategy. This is based on a common understanding between                         karena suatu kegiatan usaha           satuan kerja yang membawahi hukum dan konsultan hukum independen; dan
                                                        the Board of Directors and its subordinate officers regarding the goals and objectives to be                       atau produk belum memiliki          • Memperbarui perjanjian secara terus-menerus untuk menyesuaikan dengan standar dan
                                                        achieved through the implementation of the Company’s business activities.                                          hukum legal yang menaungi.            ketentuan yang berlaku.
Risiko            Meningkatnya perkembangan             • Merencanakan pengembangan layanan melalui efisiensi dan efektivitas proses yang                 Legal Risk       Risks that may arise because a      • Periodically reviewing cooperation agreements with other parties by units in charge of
Operasional       permintaan pasar, pesatnya              mengutamakan kepuasan dan kepercayaan nasabah melalui tinjauan SOP secara berkala;                               business activity or product does     law and independent legal consultants; and
                  perkembangan teknologi,                 dan                                                                                                              not yet have a legal umbrella.      • Updating agreements continuously to comply with applicable standards and conditions.
                  perkembangan peraturan yang           • Menciptakan proses yang lebih efektif dan efisien dengan tetap memastikan adanya
                  berlaku, perubahan lingkungan,          kontrol yang lebih memadai;                                                                     Risiko           Risiko yang berpotensi muncul       • Kepatuhan terhadap peraturan yang berlaku menjadi selera bisnis Perseroan di dalam
                  dan kebutuhan akan kualitas           • Memanfaatkan perkembangan teknologi menjadi salah satu solusi dalam meningkatkan                Kepatuhan        akibat ketidakpatuhan terhadap        setiap aktivitas usaha;
                  sumber daya manusia yang lebih          kepuasan dan kepercayaan nasabah;                                                                                peraturan perundang-undangan        • Menginternalisasikan budaya manajemen risiko kepatuhan pada seluruh level organisasi
                  baik.                                                                                                                                                    dan/atau ketentuan yang               dengan baik;
                                                                                                                                                                           berlaku.                            • Membentuk fungsi kepatuhan yang telah memiliki tugas dan tanggung jawab yang jelas
Operational       Increasing developments               • Planning service development through process efficiency and effectiveness that                                                                         untuk memitigasi risiko kepatuhan;
Risk              in market demand, rapid                 prioritizes customer satisfaction and trust through regular SOP reviews; and                                                                         • Memastikan kebijakan, ketentuan, sistem, prosedur, serta kegiatan usaha yang dilakukan
                  technological developments,           • Creating more effective and efficient processes while ensuring more adequate controls;                                                                 telah sesuai dengan ketentuan peraturan perundang-undangan; dan
                  developments in aplplicable           • Utilizing technological developments is one of the solutions in increasing customer                                                                  • Menerapkan prinsip tata kelola yang baik untuk menciptakan sistem dan harmonisasi
                  regulations, environmental              satisfaction and trust;                                                                                                                                dalam proses manajemen Perseroan.
                  changes, and the need for better
                  quality human resources.                                                                                                                Compliance       Risks that have the potential       • Compliance to applicable regulations becomes the Company’s business preference in its
                                                                                                                                                          Risk             to arise as a result of non-          every business activity;
Risiko            Kegagalan Perseroan untuk             • Memastikan sifat bisnis asuransi, komposisi dan diversifikasi portofolio bisnis, serta                           compliance with applicable laws     • Internalizing compliance risk management culture at all levels of the organization
Asuransi          memenuhi kewajiban kepada               struktur reasuransi dalam pengelolaannya berada pada batasan risiko yang dikehendaki;                            and/or regulations.                   properly;
                  pemegang polis, tertanggung,          • Memastikan proses seleksi serta proses evaluasi liabilitas dalam pengelolaan asuransi                                                                • Establishing a compliance function that has clear duties and responsibilities for mitigating
                  atau peserta sebagai akibat             berjalan secara memadai; dan                                                                                                                           compliance risk;
                  dari ketidakcukupan proses            • Memastikan operasional pengelolaan dukungan reasuransi dan pengelolaan klaim                                                                         • Ensuring that the policies, regulations, systems, procedures, and business activities are in
                  seleksi risiko, penetapan premi         berjalan secara memadai.                                                                                                                               accordance with the provisions of laws and regulations; and
                  atau kontribusi, penggunaan                                                                                                                                                                  • Applying the principles of good governance to create systems and harmonization in the
                  reasuransi, dan/atau penanganan                                                                                                                                                                Company’s management processes.
                  klaim.
                                                                                                                                                          Risiko           Risiko akibat menurunnya            • Melakukan strategi branding yang didukung oleh kajian yang memadai dan sesuai dengan
Insurance Risk    The Company’s failure to fulfill      • Ensuring that the nature of insurance business, business portfolio’s composition and            Reputasi         tingkat kepercayaan pemangku          visi, misi, serta rencana bisnis Perseroan;
                  obligations to policyholders,           diversification, and reinsurance structure in its management are within the desired risk                         kepentingan yang bersumber          • Memperhatikan kinerja, profesionalisme, keunggulan nilai jual, dan daya saing dalam
                  insured, or participants as             limits;                                                                                                          dari persepsi negatif terhadap        bisnis asuransi; dan
                  a result of inadequate risk           • Ensuring that the selection process and the process of valuation of liabilities in insurance                     Perseroan.                          • Melakukan proses penanganan keluhan secara memadai dengan tujuan untuk menjaga
                  selection processes, premium            management run adequately; and                                                                                                                         kepercayaan nasabah yang telah terbina dengan baik.
                  or contribution determination,        • Ensuring operational management of reinsurance support and management of claims is
                  use of reinsurance, and/or claim        running adequately.                                                                             Reputation       Risk due to decreased level of      • Applying a branding strategy that is supported by adequate studies and in accordance
                  handling.                                                                                                                               Risk             stakeholder trust originating         with the Company’s vision, mission, and business plans;
                                                                                                                                                                           from negative perceptions of the    • Paying attention to performance, professionalism, superior selling points, and
Risiko Kredit     Risiko yang mungkin muncul            Mengurangi risiko atas aset investasi yang didasarkan pada pertimbangan kredibilitas                               company.                              competitiveness in the insurance business; and
                  akibat kegiatan kredit, seperti       pihak ketiga atas track record-nya, strategi penempatan aset dengan prospek yang baik,                                                                 • Implementing adequate complaint handling process with the aim of maintaining customer
                  gagal bayar atau pailit.              dan mengidentifikasi proporsi instrumen investasi terhadap total investasi sesuai dengan                                                                 trust which has been well developed.
                                                        peraturan.
                                                                                                                                                          Risiko           Risiko yang disebabkan oleh         • Menjaga terciptanya koordinasi yang selaras antara Unit Kerja terkait, seperti Legal,
Credit Risk       Risks that may arise as a result of   Reducing the risk of investment assets based on considering the credibility of third parties      Keuangan         faktor-faktor lingkungan, sosial,     Compliance and Risk Management, Internal Audit, Sekretaris Perusahaan, dan Corporate
                  credit activities, such as default    on their track records, strategies for placing assets with good prospects, and identifying the    Berkelanjutan    atau tata kelola perusahaan           Communications;
                  or bankrupty.                         proportion of investment instruments to total investment in accordance with regulations.                           yang dapat memengaruhi              • Memantau risiko yang dilaporkan kepada pihak otoritas secara berkala untuk kemudian
Risiko Pasar      Kerugian finansial akibat             Melakukan evaluasi secara periodik atas performa efek, mengimplementasikan strategi                                kinerja keuangan jangka panjang       dijadikan rencana perbaikan GCG pada periode selanjutnya;
                  gabungan pergerakan variabel          diversifikasi portofolio, dan memastikan kesesuaian investasi dengan rencana strategis                             Perseroan.                          • Melaksanakan fungsi pengawasan secara rutin terkait pemenuhan kewajiban atas
                  ekonomi yang sistematis.              jangka panjang.                                                                                                                                          lembaga otoritas termasuk temuan audit dan ketentuan baru (jika ada) yang dilakukan
Market Risk       Risks that may arise as a result of   Periodically evaluating securities performance, implementing portfolio diversification                                                                   oleh Compliance;
                  credit activities, such as default    strategy, and ensuring suitability of investments with long-term strategic plans.                                                                      • Mengelola tim keuangan berkelanjutan;
                  or bankruptcy.                                                                                                                                                                               • Mengawasi penerapan RAKB oleh Dewan Komisaris dan Direksi secara aktif;
                                                                                                                                                                                                               • Menjamin penanganan pemberitaan negatif mengenai Perseroan tidak berpengaruh
                                                                                                                                                                                                                 terhadap kegiatan operasional; dan
                                                                                                                                                                                                               • Menerapkan strategi yang komprehensif dan konsisten serta diawasi secara berkala oleh
                                                                                                                                                                                                                 tim manajemen Perseroan.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
196         Laporan Tahunan 2023                                                                                                                                                                                                                                           2023 Annual Report          197
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        Tata Kelola                                                                                                                                                                                                                                                         Good Corporate
        Perusahaan                                                                                                                                                                                                                                                             Governance




 Jenis Risiko
   Type of
                            Indikasi
                           Indication
                                                                                       Upaya Mitigasi
                                                                                      Mitigation Efforts
                                                                                                                                                  Tata Kelola Teknologi Informasi
    Risks
                                                                                                                                                  Information Technology Governance
 Sustainable     Risks caused by environmental,    • Maintaining harmonized coordination between related Work Units, such as Legal,
 Finance Risks   social, or corporate governance     Compliance and Risk Management, Internal Audit, Corporate Secretary, and Corporate
                 factors that can affect the         Communications;
                 Company’s long-term financial     • Regularly overseeing the risks reported to the authorities to be used as a GCG improvement
                 performance.                        plan in the next period;
                                                   • Regularly performing supervisory functions related to fulfillment of obligations to          Perkembangan Teknologi Informasi (TI) yang sangat dinamis                 The very dynamic development of Information Technology
                                                     the authorities, including audit findings and new provisions (if any) conducted by the
                                                     Compliance;                                                                                  mendorong Perseroan untuk senantiasa memastikan bahwa                     (IT) urges the Company to continually ensure that its IT
                                                   • Managing sustainable financial teams;                                                        infrastruktur TI yang dimiliki telah efektif, efisien, dan optimal        infrastructure is effective, efficient, and optimal for the needs
                                                   • Overseeing the implementation of the Risk Appetite and Key Business (RAKB) by the            terhadap kebutuhan ruang lingkup usaha yang dijalankan. Upaya             of the scope of business operations. These efforts are based
                                                     Board of Commissioners and the Board of Directors actively;
                                                   • Ensuring that negative reporting about the Company does not affect operational               tersebut didasarkan pada tujuan bersama dalam menghadirkan                on the common goal of providing convenience and comfort,
                                                     activities; and                                                                              sarana kemudahan dan kenyamanan, khususnya bagi nasabah.                  especially for customers. The technical management is carried
                                                   • Implementing a comprehensive and consistent strategy monitored regularly by the              Teknis pengelolaannya dilakukan oleh unit khusus yang berada              out by a special unit under the auspices of the Information
                                                     Company’s management team.
                                                                                                                                                  di bawah naungan Komite Teknologi Informasi dan Operasional,              Technology and Operational Committee, with the following
                                                                                                                                                  dengan struktur organisasi sebagai berikut:                               organizational structure:
Hasil Penilaian Tingkat Kesehatan                                        Company’s Soundness Level Assessment
Perusahaan                                                               Results                                                                                                                    Director & Chief Operating and IT Officer
                                                                                                                                                                                                                  Andrew Bain
Sesuai dengan Peraturan Otoritas Jasa Keuangan                           In accordance with Financial Services Authority Regulation no.
No. 28/POJK.05/2020 tentang Penilaian Tingkat kesehatan                  28/POJK.05/2020 on the Soundness Level Assessment of Non-
Lembaga Jasa Keuangan Non-Bank, Perseroan telah melakukan                Bank Financial Services Institutions, the Company has carried                                                                  Head of Information Technology                Coordination Line

evaluasi laporan penilaian tingkat kesehatan tahun 2023.                 out an evaluation of the 2023 soundness level assessment                                                                                 Bong Himmia

Penilaian tersebut menunjukkan nilai komposit pada peringkat             report. This assessment indicates a composite score on level 2
2 per 31 Desember 2023, yang mencerminkan kondisi kesehatan              as of December 31, 2023, reflecting the Company’s relatively
Perseroan yang cukup baik dari berbagai aspek pengelolaan                sound condition from various aspects of business operational                Individual Digital       Group Digital        Legacy Application             Product             IT Infrastructure &          IT Governance,
operasional bisnis. Dalam hal terjadi kelemahan, maka secara             management. In case of weaknesses, then the overall                              Solution              Solution          & Data Management             Development                Operations              Risk & Security
                                                                                                                                                       Michael Kohan           Aldhi Halim            Wenny Asih                Devy Chandra                Arief Lim                Fandi Arrya
umum kelemahan tersebut dinilai kurang signifikan.                       assessment deems them as relatively insignificant.

                                                                                                                                                     Distributor Tribe      Group Operations                                                          Server & Network
                                                                                                                                                           Lead               - Tribe Leader                                                            Squad Leader
Tinjauan atas Efektivitas Sistem                                         Review of the Effectiveness of Risk                                          ORION (Dev) -         CASTOR, PROCION        Data Management
Manajemen Risiko                                                         Management System                                                            Squad Leader           - Squad Leader         - Squad Leader
                                                                                                                                                                                                                             Product Delivery              Network                    Network


                                                                                                                                                      ORION (BAU) -           URSA - Squad           Individual Ops -                                Tech Support & Admin
Pada tahun 2023, Perseroan secara aktif telah melakukan                  In 2023, the Company actively conducted evaluations on                       Squad Leader              Leader                Squad Leader                                      - Squad Leader
                                                                                                                                                                                                                                                                                      Network
evaluasi atas penerapan sistem manajemen risiko. Pengelolaan             the implementation of the risk management system. The
                                                                                                                                                                             Internal System -       Individual Ops -                                   Service Desk -
dilakukan melalui pemantauan risiko intern, memperkuat                   management was carried out through internal risk monitoring,                  ANDROMEDA
                                                                                                                                                                               Tribe Leader           Squad Leader                                       Squd Leader
kualitas manajemen, penerapan tata kelola yang baik, hingga              strengthening management quality, implementing good
memastikan profitabilitas dan pertumbuhan bisnis yang                    governance, and ensuring profitability and sustainable                                             PANDORA & IFRS -
                                                                                                                                                          LUNA
                                                                                                                                                                              Squad Leader
berkelanjutan. Hasil evaluasi ditindaklanjuti untuk penerapan            business growth. The evaluation results were then followed
                                                                                                                                                        Customer -             AQUARIUS -                                                                 to-be-merged to other squad
manajemen risiko yang lebih baik secara menyeluruh.                      up for a more comprehensive implementation of risk
                                                                                                                                                       Tribe Leader           Squad Leader
                                                                         management.
                                                                                                                                                     VEGA & SIRIUS -
                                                                                                                                                      Squad Leader

Pernyataan Dewan Komisaris dan Direksi                                   Statements of the Board of Commissioners                                        CIGNUS -
atas Kecukupan Sistem Manajemen Risiko                                   and Board of Directors on the Adequacy of                                     Squad Leader

                                                                         Risk Management System                                                         Inidividual
                                                                                                                                                       Tribe Leader

Dewan Komisaris, Direksi, dan Komite Audit menilai penerapan             The Board of Commissioners, Board of Directors, and Audit                  SPICA & CENTAUR
sistem manajemen risiko Perseroan sepanjang tahun 2023                   Commitee assess that the implementation of the Company’s                     - Squad Leader
telah berjalan baik dan efektif. Kondisi tersebut ditunjukkan            risk management system throughout 2023 has been running
                                                                                                                                                         NEBULA -
dengan kemampuan penyelesaian berbagai risiko yang                       well and effectively. This condition is demonstrated by the                   Squad Leader
dihadapi Perseroan melalui ketepatan prosedur dan langkah                ability to resolve various risks faced by the Company through
                                                                                                                                                        POLARIS -
mitigasi, tanpa menimbulkan dampak negatif lainnya.                      appropriate procedures and mitigation measures, without                       Squad Leader
                                                                         causing other negative impacts.
                                                                                                                                                         ALCOR -
                                                                                                                                                       Squad Leader

                                                                                                                                                       Web Legacy -
                                                                                                                                                       Squad Leader

                                                                                                                                                      DevOps - Squad
                                                                                                                                                         Leader
          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                  PT MSIG Life Insurance Indonesia Tbk
198       Laporan Tahunan 2023                                                                                                                                                                                                                                    2023 Annual Report            199
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        Tata Kelola                                                                                                                                                                                                                                                               Good Corporate
        Perusahaan                                                                                                                                                                                                                                                                   Governance




Optimalisasi Teknologi Informasi                                Information Technology Optimization                                 Auditor Eksternal
Sebagai salah satu isu penting dalam industri asuransi jiwa,    As one of the critical issues in the life insurance industry,       External Auditor
Perseroan terus memperkuat kemampuan dan kapasitas              the Company continues to strengthen its cyber security
cyber security untuk lebih pro-aktif dalam meningkatkan         capabilities to be more proactive in enhancing IT security,
keamanan TI dalam mengantisipasi ancaman cyber dan              anticipating cyber threats, and mitigating digital risks by
memitigasi risiko-risiko digital dengan memperbarui platform,   updating platforms, incident management, and regularly              Kantor akuntan publik (KAP) ditunjuk melalui rekomendasi                                 The public accounting firm (KAP) is appointed through the
insiden manajemen, serta pengujian keamanan secara              testing security on applications. Streamlining workflow             Komite Audit dan disampaikan kepada Dewan Komisaris untuk                                recommendation of the Audit Committee and submitted
regular pada aplikasi. Penyederhanaan alur proses kerja juga    processes is also carried out, especially in IT-related projects,   kemudian disetujui dalam RUPS. Berikut KAP yang ditunjuk                                 to the Board of Commissioners for approval at the GMS.
dilakukan terutama pada pengembangan (proyek terkait TI)        and organizational function/structure changes to support the        oleh Perseroan untuk mengaudit Laporan Keuangan selama 5                                 Following are the KAPs appointed by the Company to audit
dan perubahan fungsi/organisasi untuk dapat mendukung           Company’s business development.                                     tahun terakhir:                                                                          the Financial Statements for the last 5 years:
perkembangan bisnis Perseroan.
                                                                                                                                     Tahun Buku             Nama KAP                Nama Akuntan                                         Jenis Jasa                                         Biaya
Untuk mendukung agar bisnis Perseroan dapat berjalan            To support the smooth operation of the Company’s                     Fiscal Year           KAP’s Name             Accountant’s Name                                    Type of Service                                       Fee
dengan baik, maka tim IT terus melakukan optimalisasi           business, the IT team continues to optimize digitalization
                                                                                                                                                        KAP Purwantono,
digital dengan pembaruan infrastruktur dan penerapan end-       with infrastructure updates and end-to-end security                                     Sungkoro & Surja
to-end security. Hal ini juga dievaluasi secara berkala untuk   implementation. This is also periodically evaluated to ensure                           (anggota dari Ernst                                    Audit atas Laporan Keuangan Perseroan dan atas paket
memastikan semuanya sesuai dengan strategi perusahaan.          alignment with the Company’s strategy.                                                  & Young Global)                                        pelaporan grup ke Entitas Induk Perseroan
                                                                                                                                          2023                                    Ignatius Yokajaya                                                                                   Rp4.090.350.000,00
                                                                                                                                                        KAP Purwantono,                                        Audit of the Company’s Financial Statements and of the
                                                                                                                                                        Sungkoro & Surja                                       group reporting package to the Company’s Parent Entity
                                                                                                                                                        (member of Ernst
Platform Digital                                                Digital Platform                                                                        & Young Global)
                                                                                                                                                        KAP Purwantono,                                        Audit Laporan Keuangan Konsolidasian Perseroan
                                                                                                                                          2022                                    Muhammad Kurniawan                                                                                  Rp1.635.000.000,00
                                                                                                                                                        Sungkoro & Surja                                       Audit of the Company’s Consolidated Financial Statements
Berikut ini merupakan berbagai aplikasi yang telah              The following are various applications that have been
                                                                                                                                                        KAP Purwantono,                                        Audit Laporan Keuangan Konsolidasian Perseroan
dikembangkan Perseroan:                                         developed by the Company:                                                 2021                                    Hermawan Setiadi                                                                                    Rp1.550.000.000,00
                                                                                                                                                        Sungkoro & Surja                                       Audit of the Company’s Consolidated Financial Statements
1. VEGA by MSIG Life                                            1. VEGA by MSIG Life                                                                    KAP Purwantono,                                        Audit Laporan Keuangan Konsolidasian Perseroan
                                                                                                                                          2020                                    Hermawan Setiadi                                                                                    Rp1.400.000.000,00
    VEGA by MSIG Life dirilis pada semester keempat tahun          VEGA by MSIG Life was released in the fourth semester                                Sungkoro & Surja                                       Audit of the Company’s Consolidated Financial Statements
                                                                                                                                                        KAP Purwantono,                                        Audit Laporan Keuangan Konsolidasian Perseroan
    2021 dengan menawarkan fitur yang memudahkan                   of 2021 by offering features that facilitate customers                 2019                                    Hermawan Setiadi                                                                                    Rp1.375.000.000,00
                                                                                                                                                        Sungkoro & Surja                                       Audit of the Company’s Consolidated Financial Statements
    nasabah untuk mendapatkan semua detail polis dan               to get all policy details and product benefits without
                                                                                                                                    Keterangan / Remark :
    manfaat produk tanpa harus menghubungi customer                having to contact customer service, conduct financial            Biaya jasa audit untuk tahun 2019 tidak termasuk Out of Pocket Expense. / The audit service fee for 2019 it excluded Out of Pocket Expense.
    service, melakukan transaksi finansial, seperti top up,        transactions, such as top up, switching, withdrawals,
    switching, penarikan, pembayaran premi, serta claim            premium payments, and claim submission anytime and
    submission kapan dan di mana saja. Aplikasi ini dapat          anywhere. This application can be easily downloaded for          Jasa Lain yang Diberikan                                                                 Other Services Provided
    diunduh dengan mudah untuk jenis Android maupun iOS.           both Android and iOS.
                                                                                                                                    Tidak terdapat jasa lain yang diberikan oleh KAP Purwantono,                             There are no other services provided by KAP Purwantono,
2. ORION by MSIG Life                                           2. ORION by MSIG Life                                               Sungkoro & Surja selain melakukan audit atas Laporan                                     Sungkoro & Surja apart from conducting an audit of the
   ORION by MSIG Life pertama kali hadir pada tanggal              ORION by MSIG Life first available on July 14, 2021 as a         Keuangan Konsolidasian Perseroan untuk tahun buku 2023.                                  Company’s Consolidated Financial Statements for the 2023
   14 Juli 2021 sebagai media untuk tenaga pemasar                 medium for marketers to submit Life Insurance Request                                                                                                     fiscal year.
   melakukan submit Surat Permintaan Asuransi Jiwa (SPAJ),         Letters (SPAJ), track the SPAJ process, and monitor
   melacak proses SPAJ, serta memantau pencapaian tenaga           marketers’ achievements. To date, ORION by MSIG Life has
   pemasar. Hingga kini, ORION by MSIG Life telah diunduh          been downloaded by more than ten thousand users.
   sebanyak lebih dari sepuluh ribu pengguna.


3. CERES                                                        3. CERES
   Corporate Employee Reservation and Engagement System            Corporate Employee Reservation and Engagement System
   (CERES) pertama kali dirilis pada tanggal 3 September           (CERES) was first launched on September 3, 2021, for
   2021 untuk karyawan Perseroan agar dapat tetap                  Company employees to stay connected and collaborate
   terhubung dan berkolaborasi dengan mudah.                       easily.


4. MyFit+                                                       4. MyFit+
   MYFit+ merupakan platform digital terbaru dari MSIG Life        MYFit+ is the latest digital platform from MSIG Life, which
   yang resmi diluncurkan pada tanggal 11 Oktober 2023.            was officially launched on October 11, 2023. The application
   Aplikasi tersebut memungkinkan pengguna untuk dapat             allows users to monitor daily activities and biological age
   memantau aktivitas harian dan kondisi usia biologis, yang       conditions, equipped with physical activity monitoring
   dilengkapi dengan fitur pemantau aktivitas fisik seperti        features such as steps count. MyFit+ has been downloaded
   steps count. MyFit+ berhasil diunduh sebanyak seribu            by one thousand users in its first year of launch.
   pengguna di tahun pertama peluncurannya.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                      PT MSIG Life Insurance Indonesia Tbk
200       Laporan Tahunan 2023                                                                                                                                                                                                                                        2023 Annual Report            201
Page 103
         Tata Kelola                                                                                                                                                                                                                                Good Corporate
         Perusahaan                                                                                                                                                                                                                                    Governance




Perkara Hukum                                                                                                                                Perkara Penting yang dihadapi oleh
                                                                                                                                             Dewan Komisaris, Dewan Pengawas
                                                                                                                                                                                                            Significant Cases faced by current members
                                                                                                                                                                                                            of Board of Commissioners, Sharia
Legal Cases                                                                                                                                  Syariah, dan Direksi yang sedang Menjabat                      Supervisory Board, and Board of Directors

                                                                                                                                             Selama tahun 2023, tidak ada anggota Dewan Komisaris,          In 2023, no current members of the Board of Commissioners,
                                                                                                                                             Dewan Pengawas Syariah, dan Direksi Perseroan yang sedang      Sharia Supervisory Board, and Board of Directors of the
Perkara Penting yang Dihadapi Perusahaan                                  Significant Cases Faced by the Company                             menjabat memiliki permasalahan hukum, baik perdata             Company faced legal cases, both civil and criminal. In addition,
                                                                                                                                             maupun pidana. Selain itu, Perseroan tidak memiliki Entitas    the Company does not have Subsidiaries, so there is no
Pada tahun 2023, Perseroan memiliki perkara hukum penting                 In 2023, the Company faced significant legal cases, as follows:    Anak, sehingga tidak ada informasi mengenai perkara hukum      information regarding legal cases faced by Subsidiaries.
yang dihadapi yaitu:                                                                                                                         yang dihadapi oleh Entitas Anak.


                                                                                                                       Total Kasus
                                                                                                                       Total Cases
                                             Permasalahan Hukum
                                                 Legal Issues
                                                                                                                    Pidana
                                                                                                                   Criminal
                                                                                                                               Perdata
                                                                                                                                Civil
                                                                                                                                             Sanksi Administratif
 Telah selesai (telah mendapat putusan yang berkekuatan hukum tetap)                                                                         Administrative Sanctions
                                                                                                                       -           -
 Resolved (has obtained a final legal verdict)
 Dalam proses penyelesaian di pengadilan dan di lembaga alternatif penyelesaian sengketa untuk kasus perdata.
                                                                                                                       -           2
 In the process of resolution in court and alternative dispute resolution institutions for civil cases.
 Total                                                                                                                 -           2         Sepanjang tahun 2023, tidak terdapat sanksi administratif      Throughout 2023, there were no administrative sanctions
                                                                                                                                             yang dikenakan oleh otoritas terkait, baik kepada Perseroan,   imposed by the relevant authorities, neither on the Company,
Pada tanggal 22 Mei 2023 dan 19 Juni 2023, Pengadilan                     On May 22, 2023 and June 19, 2023, Manado High District Court      anggota Dewan Komisaris, anggota Dewan Pengawas Syariah        members of the Board of Commissioners, members of the Sharia
Tinggi Negeri Manado telah menetapkan putusan dengan                      has issued a court decision with Case No. 92/PDT/2023/PT.Mnd       dan anggota Direksi.                                           Supervisory Board, nor on members of the Board of Directors.
No. Perkara 92/PDT/2023/PT.Mnd dan 101/PDT/2023/PT.Mnd,                   and 101/PDT/2023/PT.Mnd, where the Company is jointly
di mana Perseroan secara tanggung renteng bertanggung                     and severally responsible for the two lawsuits in the form of
jawab atas kedua gugatan tersebut berupa ganti rugi materiil              material compensation of Rp82.25 billion compensation for
sebesar Rp82,25 miliar, ganti rugi kehilangan keuntungan                  opportunity loss of Rp2.00 billion per month and late penalty

                                                                                                                                             Kode Etik
Rp2,00 miliar per bulan dan denda keterlambatan Rp1,00                    of Rp1.00 billion per year from May 2020 until the decision is
miliar per tahun sejak Mei 2020 sampai dengan putusan                     implemented, and Rp10.00 billion for immaterial losses.
dilaksanakan, dan Rp10,00 miliar untuk kerugian immateriil.
                                                                                                                                             Code of Ethics
Atas putusan Pengadilan Negeri Tinggi Manado tersebut,                    Upon Manado District Court Decision, the Company has
Perseroan telah menggunakan hak hukumnya dengan                           exercised its legal rights by submitting an appeal process to
mengajukan upaya hukum banding ke pengadilan tingkat lanjut               the upper court at Supreme Court on June 27, 2023, thus the
pada Mahkamah Agung pada tanggal 27 Juni 2023, sehingga                   Manado High Court decision announced to the Company has            Kode Etik Perseroan merupakan rumusan sikap dan perilaku       The Company’s Code of Ethics is a formulation of attitudes
putusan Pengadilan Tinggi Negeri Manado yang diberikan                    no legal impact to the Company since the Court Decision is still   yang disepakati bersama sebagai komitmen perusahaan untuk      and behaviors collectively agreed upon as the company’s
kepada Perseroan belum berdampak atau berpengaruh secara                  on the second stage and has not validly binding.                   menegakkan prinsip-prinsip GCG, yang merujuk pada Compliment   commitment to upholding GCG principles, which refers to the
hukum terhadap Perseroan, karena putusan tersebut adalah                                                                                     Manual. Pedoman tersebut wajib dipatuhi oleh seluruh insan     Compliment Manual. These guidelines must be adhered to by all
putusan di tingkat kedua dan belum berkekuatan hukum tetap.                                                                                  Perseroan guna mendorong terciptanya lingkungan kerja yang     Company’s personnel to foster the creation of an ethical work
                                                                                                                                             beretika dalam merealisasikan visi dan misi Perseroan.         environment in realizing the Company’s vision and mission.
Walaupun belum ada kepastian yang jelas mengenai jumlah                   Although there is no certainty on future cash outflow, as of
kas keluar di masa mendatang, pada tanggal 31 Desember                    December 31, 2023, the Company has provided an allowance
2023 Perseroan telah membentuk cadangan (Liabilitas Lain-                 (Other Liabilities) for such pending lawsuits filed against the    Pokok-Pokok Kode Etik                                          Principles of the Code of Ethics
Lain) untuk tuntutan hukum yang belum diputuskan ini sebesar              Company amounting to Rp128.15 billion in 2023 and Rp38.15
Rp128,15 miliar pada tahun 2023 dan Rp38,15 miliar pada                   billion in 2022. Management believes that the allowance            Pokok-pokok Kode Etik Perseroan diuraikan sebagai berikut:     The principles of the Company’s Code of Ethics are outlined
tahun 2022. Manajemen berpendapat bahwa jumlah cadangan                   formed is adequate to cover possible losses arising from           1. Tanggung Jawab kepada Pelanggan                             as follows:
yang dibentuk atas kemungkinan timbulnya kerugian akibat                  pending lawsuits currently in progress.                               Perseroan memberikan layanan solusi risiko berkualitas      1. Responsibility to Customers
tuntutan hukum yang belum diputuskan atau masih dalam                                                                                           tinggi dengan kepuasan pelanggsan sebagai dasar untuk           The Company provides high quality risk solution services
proses tersebut telah memadai.                                                                                                                  semua tindakan.                                                 with customer satisfaction as the basis for all actions.
                                                                                                                                             2. Tanggung Jawab kepada Karyawan                              2. Responsibility to Employees
                                                                                                                                                Perseroan menyediakan tempat kerja yang menstimulasi            The Company provides a stimulating workplace that is
                                                                                                                                                dan dapat diterima karyawan guna menjaga organisasi             acceptable to employees to keep the organization strong
                                                                                                                                                agar tetap kuat dan sukses.                                     and successful.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                              PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                                                              Good Corporate
        Perusahaan                                                                                                                                                                                                                                                                  Governance




3. Tanggung Jawab kepada pemegang saham
   Perseroan memenuhi harapan para pemegang saham
                                                                3. Responsibility to Shareholders
                                                                   The Company fulfils Shareholders’ expectations by
                                                                                                                                  Kebijakan Pemberian Insentif Jangka Panjang
   dengan memperluas nilai perusahaan dan memberikan
   hasil yang sesuai.
                                                                   expanding corporate value and delivering results
                                                                   accordingly.
                                                                                                                                  kepada Direksi dan/atau Karyawan
4. Tanggung Jawab kepada Komunitas                              4. Responsibility to Community                                    Policy on Long-Term Incentives for the Board of Directors
   Perseroan memelihara hubungan baik dengan komunitas             The Company maintains good relationship with local and         and/or Employees
   lokal dan internasional, serta menjalin kerja sama untuk        international communities and cooperates for mutual
   kemajuan bersama sebagai anggota komunitas.                     progress as community members.
5. Tanggung Jawab kepada Agen                                   5. Responsibility to Agents
   Perseroan bekerja untuk mencapai kemakmuran bersama             The Company works to achieve mutual properity through          Kebijakan pemberian insentif jangka panjang kepada Direksi                                 The policy on long-term incentives for the Board of Directors
   melalui kolaborasi dengan keagenan yang merupakan               collaboration with agencies which are important business       dan/atau karyawan merupakan bentuk apresiasi Perseroan                                     and/or employees is a form of appreciation from the
   mitra bisnis penting.                                           partners.                                                      kepada Direksi dan/atau karyawan Perseroan atas kontribusi                                 Company to its Board of Directors and/or employees for
6. Tanggung Jawab kepada Lingkungan                             6. Responsibility to Environment                                  dan pencapaian target yang ditetapkan. Implementasi                                        their contributions and achievements of the targets set. The
   Perseroan turut serta membantu, melindungi, dan                 The Company participates in helping, protecting, and           dari kebijakan tersebut berupa memberikan penghargaan                                      implementation of this policy involves providing rewards to
   meningkatkan lingkungan global untuk kepentingan                improving the global environment for the benefit of            kepada karyawan dalam bentuk manfaat tunai. Manfaat                                        employees in the form of cash benefits. Provided that these
   generasi masa depan.                                            future generations.                                            tunai diberikan dengan syarat bahwa manfaat tunai tersebut                                 cash benefits will be retained in the form of company shares
7. Tanggung Jawab kepada Mitra Bisnis (Kontraktor,              7. Responsibility to Business Partners (Contractors, Supplier,    akan disimpan dalam bentuk saham perusahaan selama                                         for a period of 2 years (24 months) and will only be released
   Pemasok, dan Lain-lain)                                         and Others)                                                    jangka waktu 2 tahun (24 bulan) dan akan dilepaskan hanya                                  if the employee continues to work at the Company until the
   Perseroan mempertahankan hubungan yang sehat dengan             The Company maintains healthy relationship with business       jika karyawan tersebut tetap bekerja di Perseroan hingga                                   end of that period. The aforementioned program is as follows:
   mitra bisnis dan bekerja sama untuk memenuhi tanggung           partners and works together to fulfill its responsibility to   periode tersebut berakhir. Berikut program yang dimaksud
   jawab kepada masyarakat.                                        community.                                                     sebagai berikut:


                                                                                                                                            Aspek                                                                                   Uraian
Bentuk Sosialisasi Kode Etik dan Upaya                          Forms of Dissemination of the Code of                                       Aspect                                                                                Description
Penegakannya                                                    Ethics and Enforcement Efforts
                                                                                                                                   Periode Program                 1 tahun (Juli 2023 - Juni 2024).
                                                                                                                                   Program Period                  1 year (July 2023 - June 2024).
Perseroan melakukan sosialisasi secara berkelanjutan kepada     The Company conducts continuous dissemination efforts to all       Periode Lock-Up                 2 tahun
seluruh insan Perseroan untuk memahami, menerapkan, serta       Company personnel to understand, implement, and declare the        Lock-Up Period                  2 years
mendeklarasikan Kode Etik dalam setiap operasional usaha.       Code of Ethics in every business operation. Its implementation     Jumlah Karyawan yang            82 karyawan
Penerapnnya dilakukan dengan memberikan materi e-learning       is carried out by providing e-learning materials on the Code of    Akan Mendapatkan                82 employees
                                                                                                                                   Penghargaan
Code of Conduct sejak hari pertama karyawan bergabung dengan    Conduct from the first day of employment with the Company.         Number of Employees
Perseroan. Setelah itu dilakukan penandatanganan persetujuan    Subsequently, a written agreement is signed in a written           to Receive Awards
dalam pernyataan tertulis serta dilakukan pelatihan Kode Etik   statement, and regular mandatory Code of Ethics training is        Estimasi jumlah biaya           Program akan dilaksanakan sesuai dengan salah satu dari 3 skenario berikut:
secara reguler setiap tahunnya yang bersifat wajib.             carried out annually.                                              program                         The program will be implemented according to one of the following 3 scenarios:
                                                                                                                                   Estimated    Program
                                                                                                                                   Costs                             Skenario       Kisaran Harga per Lembar Saham                                          Biaya Maksimal
                                                                                                                                                                     Scenario           Range of Price per Stock                                            Maximum Costs

Pernyataan bahwa Kode Etik Berlaku bagi                         Statement that the Code of Ethics Applies                                                                                                                     •   Rp5.999 x 100 saham x 68 orang x 12* = Rp489.518.400,- maksimal.
Seluruh Tingkatan Organisasi                                    to All Levels of the Organization                                                                         1         Rp50 – Rp5.999
                                                                                                                                                                                                                              •   Rp5.999 x 200 saham x 14 orang x 12* = Rp201.566.400,- maksimal.
                                                                                                                                                                                                                              •   Rp5,999 x 100 shares x 68 people x 12* = Rp489,518,400 maximum.
                                                                                                                                                                                                                              •   Rp5,999 x 200 shares x 14 people x 12* = Rp201,566,400 maximum.
Perseroan memastikan bahwa Kode Etik dan Pedoman                The Company ensures that the Company’s Code of Ethics and                                                                                                     •   Rp9.999 x 100 saham x 68 orang x 6* = Rp407.959.200,- maksimal.
Perilaku Perseroan berlaku setara dan wajib dipatuhi bagi       Code of Conduct apply equally and must be adhered to by the                                                                                                   •   Rp9.999 x 200 saham x 14 orang x 6* = Rp167.983.200,- maksimal.
                                                                                                                                                                          2         Rp6.000 – Rp9.999
                                                                                                                                                                                                                              •   Rp9,999 x 100 shares x 68 people x 6* = Rp407,959,200 maximum.
Dewan Komisaris, Dewan Pengawas Syariah, Direksi, dan           Board of Commissioners, Sharia Supervisory Board, Board                                                                                                       •   Rp9,999 x 200 shares x 14 people x 6* = Rp167,983,200 maximum.
seluruh karyawan, yang ditandai dengan penandatanganan          of Directors, and all employees, as indicated by mandatory                                                                                                    •   Rp15.000 x 100 saham x 68 orang x 4* = Rp408.000.000,- maksimal.
wajib pada pernyataan tertulis Kode Etik.                       signature on the written statement of the Code of Ethics.                                                                                                     •   Rp15.000 x 200 saham x 14 orang x 4* = Rp168.000.000,- maksimal.
                                                                                                                                                                          3         > Rp9.999
                                                                                                                                                                                                                              •   Rp15,000 x 100 shares x 68 people x 4* = Rp408,000,000 maximum.
                                                                                                                                                                                                                              •   Rp15,000 x 200 shares x 14 people x 4* = Rp168,000,000 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).




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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        Tata Kelola                                                                                                                                                                                                                Good Corporate
        Perusahaan                                                                                                                                                                                                                    Governance




Program Kepemilikan Saham oleh                                                                                                 Sistem Pelaporan Pelanggaran
Manajemen dan/atau Karyawan                                                                                                    Whistleblowing System
Share Ownership Program for Management and/or Employees

                                                                                                                               Sistem pelaporan pelanggaran (whistleblowing system/         The whistleblowing system (WBS) is a key element in
Pada tahun 2023, Perseroan tidak memiliki program             In 2023, the Company did not have a share ownership program,     WBS) merupakan elemen kunci dalam menjaga integritas         maintaining the Company’s integrity, enhancing transparency,
kepemilikan saham, baik oleh manajemen (management stock      either by management (management stock ownership                 Perseroan untuk meningkatkan transparansi dan memerangi      and combatting any practices that may harm the activities and
ownership program/MSOP) maupun oleh karyawan (employee        program/MSOP) or by employees (employee stock ownership          segala macam praktik yang dapat merusak kegiatan dan         reputation of the Company. The commitment to maximum
stock ownership program/ESOP).                                program/ESOP).                                                   reputasi perusahaan. Komitmen penerapan GCG dengan           implementation of good corporate governance (GCG)
                                                                                                                               maksimal mendukung Perseroan untuk memberantas praktik       supports the Company in effectively and optimally eradicating
                                                                                                                               kecurangan secara optimal dan efektif, melalui kerja sama    fraudulent practices, through collaboration with a third party,
                                                                                                                               dengan pihak ketiga, yaitu MSIG SpeakUp. Sarana tersebut     namely MSIG SpeakUp. This facility provides an opportunity
                                                                                                                               memberikan kesempatan bagi karyawan dan/atau pihak           for employees and/or external parties to report any suspected
                                                                                                                               eksternal untuk menyampaikan laporan, manakala ditemukan     violations supported by reliable evidence/data/information.
                                                                                                                               dugaan pelanggaran yang didukung dengan bukti/data/
Kebijakan Pengungkapan Informasi                                                                                               informasi yang dapat dipertanggungjawabkan.

Information Disclosure Policy
                                                                                                                               Cara Penyampaian dan Mekanisme                               Method of Submission and Mechanism of
                                                                                                                               Pelaporan                                                    Reporting

Kepemilikan Saham Anggota                                     Share Ownership of Members of the Board                          Pelapor dapat menyampaikan pertanyaan atau laporan           Whistleblowers can submit questions or report complaints
Dewan Komisaris dan Direksi                                   of Commissioners and Board of Directors                          pengaduan atas dugaan terjadinya pelanggaran di Perseroan    regarding alleged violations in the Company via MSIG SpeakUp
                                                                                                                               melalui MSIG SpeakUp yang tersedia 24 jam setiap harinya.    which is available 24 hours a day.
Sebagaimana diatur dalam Peraturan Otoritas Jasa Keuangan     As regulated by the Financial Services Authority Regulation      Hotline		         : (021) 5092 8905                          Hotline		            : (021) 5092 8905
No. 11/POJK.04/2017 tentang Laporan Kepemilikan, setiap       No. 11/POJK.04/2017 on Ownership Reports, each member of         Situs Web         : msigspeakup.com                          Website		            : msigspeakup.com
anggota Dewan Komisaris dan Direksi wajib menyampaikan        the Board of Commissioners and Board of Directors is required    Email		           : report@msigspeakup.com                   Email		              : report@msigspeakup.com
informasi seputar kepemilikan sahamnya atas Perseroan untuk   to submit information regarding their share ownership in the     PO BOX		          : 2621 JKP 10026                           PO BOX		             : 2621 JKP 10026
kemudian dilaporkan kepada Otoritas Jasa Keuangan, paling     Company, which is then reported to the Financial Services        SMS dan WhatsApp : 0821 1786 0321                            SMS and WhatsApp : 0821 1786 0321
lambat 10 hari kerja sejak terjadinya transaksi. Pada tahun   Authority, no later than 10 working days after the transaction
2023, Perseroan telah menyampaikan laporan kepemilikan        occurs. In 2023, the Company submitted the share ownership
saham anggota Dewan Komisaris dan Direksi kepada Otoritas     reports of the members of the Board of Commissioners and         Jenis Pelanggaran yang Dapat Dilaporkan                      Types of Violations that can be Reported
Jasa Keuangan dan Bursa Efek Indonesia melalui e-reporting.   Board of Directors to the Financial Services Authority and the
                                                              Indonesia Stock Exchange via e-reporting.                        Jenis pengaduan yang disampaikan melalui WBS yaitu:          Types of complaints submitted through the WBS are:
                                                                                                                               1. Pengungkapan informasi pelanggan dan/atau nasabah         1. Disclosure of customer and/or customer information
                                                                                                                                   tanpa izin;                                                 without permission;
Pelaksanaan atas Kebijakan                                    Implementation of the Policy                                     2. Pengungkapan strategi dan masalah Perseroan tanpa izin;   2. Disclosure of the Company’s strategies and problems
                                                                                                                                                                                               without permission;
Informasi terkait kepemilikan saham Dewan Komisaris dan       Information regarding share ownership of the Board of            3. Pelanggaran terhadap Peraturan Otoritas Jasa Keuangan,    3. Violations of Financial Services Authority Regulations,
Direksi dapat dilihat pada bab Profil Perusahaan bagian       Commissioners and Board of Directors can be seen in the             perpajakan, Undang-Undang Anti Suap, dan tindakan            taxation, Anti-Bribery Laws, and acts of corruption; and
Komposisi Kepemilikan Saham Dewan Komisaris, Dewan            Company Profile Chapter, the Composition of Share Ownership         korupsi; dan
Pengawas Syariah, dan Direksi.                                of the Board of Commissioners, Sharia Supervisory Board, and     4. Setiap jenis tindakan pelecehan yang bersifat pribadi.    4. Any type of harassment is personal in nature.
                                                              Board of Directors.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                              PT MSIG Life Insurance Indonesia Tbk
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         Tata Kelola                                                                                                                                                                                                                                 Good Corporate
         Perusahaan                                                                                                                                                                                                                                     Governance




Sosialisasi WBS                                                      WBS Dissemination                                                     Kebijakan Anti Penyuapan, Korupsi, dan Anti Fraud
Kebijakan WBS telah diunggah di situs web Perseroan dan              The WBS policy has been uploaded on the Company’s website             Anti-Bribery, Corruption, and Anti-Fraud Policy
juga dikomunikasikan oleh Departemen Sumber Daya Manusia             and also communicated by the Human Resources Department
kepada semua Direkturs, karyawan, dan pihak lain yang                to all Directors, employees, and other parties dealing with the
berurusan dengan Perseroan melalui surat elektronik atau             Company via email or displayed on the Company’s bulletin
ditampilkan di papan pengumuman Perseroan.                           board.
                                                                                                                                           Kebijakan Anti Penyuapan dan Korupsi                              Anti-Bribery and Corruption Policy

Perlindungan bagi Pelapor                                            Protection for Whistleblower                                          Perseroan telah memiliki kebijakan anti penyuapan dan             The Company has an anti-bribery and corruption policy that
                                                                                                                                           korupsi yang efektif berlaku sejak tanggal 23 Agustus 2021.       has been effective since August 23, 2021. This policy is binding
Perseroan memberikan jaminan perlindungan kepada pelapor             The Company guarantee protection to whistleblowers with good          Kebijakan ini bersifat mengikat bagi seluruh karyawan             on all of the Company’s employees and/or third parties to
yang beritikad baik, salah satunya dilakukan dengan menjaga          intentions, one of which is done by maintaining the confidentiality   Perseroan dan/atau pihak ketiga untuk tidak terlibat dalam        refrain from engaging in various types of corruption and
kerahasiaan identitas pelapor guna meminimalisir risiko              of the whistleblowers’ identity in order to minimize certain risks    berbagai jenis tindakan korupsi dan penyuapan, baik secara        bribery, either directly or indirectly.
tertentu yang dapat merugikan pelapor di kemudian hari.              that can harm the whistleblowers in the future.                       langsung maupun tidak langsung.



Penanganan Pengaduan                                                 Handling of Complaints                                                Kebijakan Anti Fraud                                              Anti-Fraud Policy

Adapun prosedur penanganan pengaduan, baik berupa                    The procedures for handling complaint, whether in the form of         Perseroan telah memiliki pemegang saham yang tertuang             The Company has established an anti-fraud policy outlined
keluhan, laporan, ataupun informasi terkait praktik ilegal,          complaints, reports, or information related to illegal practices,     dalam Surat Keputusan Direksi No. 006/AJSMSIG-SK/II/2023          in the Board of Director’s Decision Letter No. 006/AJSMSIG-
dilakukan sebagaimana berikut:                                       are carried out as follows.                                           tanggal 22 Februari 2023 tentang Pedoman dan Strategi Anti        SK/II/2023 dated February 22, 2023, on Anti-Fraud Guidelines
1. Proses Investigasi, berupa penyelidikan awal untuk                1. Investigation process, in the form of a preliminary                Kecurangan (Anti Fraud). Kebijakan tersebut wajib ditaati oleh    and Strategies. This policy must be adhered to by all Company
    membuktikan     kebenarannya    sebelum    dilaporkan                investigation to prove the truth before being reported in         seluruh insan Perseroan tanpa terkecuali. Adapun kategori         personnel without exception. The categories included in fraud
    dalam WBS.                                                           the WBS.                                                          yang termasuk ke dalam fraud adalah penyalahgunaan laporan        are financial statement manipulation; asset misappropriation;
2. Laporan WBS, yaitu berisi kesimpulan hasil investigasi            2. WBS Report, which contains the conclusions of the                  keuangan; penyimpangan atas aset; korupsi; kolusi; penyuapan;     corruption; collusion; bribery; unauthorized receipt; and
    guna menentukan kebijakan selanjutnya sesuai dengan                  investigation results to determine further policies in            penerimaan yang tidak sah; dan pembocoran informasi kepada        leakage of information to other parties that detrimentally
    peraturan yang berlaku.                                              accordance with applicable regulations.                           pihak lain yang berdampak merugikan Perseroan.                    affect the Company.



Pihak yang Mengelola Pengaduan                                       Party Managing Complaints                                             Pelatihan/Sosialisasi Anti Penyuapan,                             Anti-Bribery, Corruption, and Anti-Fraud
                                                                                                                                           Korupsi, dan Anti Fraud kepada Karyawan                           Training/Dissemination to Employees and
Pihak yang mengelola pelaporan pelanggaran adalah tim WBS,           The party that manages the reporting of violations is the             dan Manajemen                                                     Management
yang berada di bawah Divisi Audit, Kepatuhan, dan Legal yang         WBS team, which is under the Audit, Compliance, and Legal
terdiri dari Kepala Unit Audit Internal, Kepala Kepatuhan, dan       Division, consisting of Internal Audit Unit Head, Compliance          Pada tahun 2023, Perseroan telah melaksanakan 1 kali kegiatan     In 2023, the Company conducted mandatory training
Kepala Legal.                                                        Head, and Legal Head.                                                 pelatihan wajib tentang anti penyuapan, korupsi, dan anti fraud   activities once on anti-bribery, corruption, and anti-fraud for
                                                                                                                                           bagi seluruh karyawan dan manajemen. Selain itu, Perseroan        all employees and management. Additionally, the Company
                                                                                                                                           juga memperkuat kampanye anti fraud kepada setiap karyawan        reinforced its anti-fraud campaign to every employee and
Jumlah Pengaduan yang Diterima dan                                   Number of Complaints Received and                                     dan tenaga pemasar dengan menempatkan banner Anti-Fraud           marketer by placing Anti-Fraud Awareness banners inside
Diproses                                                             Processed                                                             Awareness di dalam kantor dan di luar kantor pusat non-           and outside non-operational headquarters with the aim of
                                                                                                                                           operasional, dengan tujuan meningkatkan kesadaran karyawan        increasing awareness of anti-fraud strategy implementation
Sepanjang tahun 2023, Perseroan telah menerima pengaduan             Throghout 2023, the Company received complaints with                  dan tenaga pemasar atas penerapan anti-fraud strategy.            among employees and marketers.
dengan rincian sebagai berikut:                                      details as follows.


                                                                                         Tindak Lanjut                                     Jumlah Pengaduan yang Diterima                                    Number of Complaint Received and
      Jenis Pelanggaran            Jumlah Pengaduan
                                                                                           Follow Up                                       dan Diproses                                                      Processed
      Type of Violation           Number of Complaints
                                                                 Belum Diproses          Dalam Proses            Selesai Diproses
                                                                  Unprocessed             On Process             Finished Process          Sepanjang tahun 2023, Perseroan telah menerima pengaduan          Throughout 2023, the Company received complaints with
                                                                                                                                           dengan rincian sebagai berikut:                                   details as follows.
 Kepatuhan / Compliance                       4                        -                         -                        4
 Pelecehan / Harassment                       4                        -                         4                        -
 Lainnya / Others                             5                        -                         -                        5




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                               PT MSIG Life Insurance Indonesia Tbk
208        Laporan Tahunan 2023                                                                                                                                                                                                                 2023 Annual Report     209
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         Tata Kelola                                                                                                                                                                                                                           Good Corporate
         Perusahaan                                                                                                                                                                                                                               Governance




                                                                       Jumlah Kasus yang Dilakukan oleh:
                                                                        Number of Cases Conducted by:
                                                                                                                                     Rencana Strategis Perusahaan
                         Uraian                        Anggota Dewan Komisaris, Dewan
                                                                                                                                     Company’s Strategic Plan
                                                                                               Pegawai        Pegawai Tidak
                       Description                       Pengawas Syariah, dan Direksi
                                                                                                tetap             Tetap
                                                             Members of Board of
                                                                                              Permanent       Non-Permanent
                                                       Commissioners, Sharia Supervisory
                                                                                              Employee          Employee
                                                             Board, and Directors

 Total Penyimpangan
                                                                       -                           15                  6             Rencana strategis perusahaan disusun sesuai dengan visi dan        The Company’s strategic plan is formulated in line with the
 Total Deviations
                                                                                                                                     misi Perseroan, yang mana dibagi atas rencana jangka pendek,       Company’s vision and mission, which is divided into short-
 Telah Diselesaikan
                                                                       -                            5                  6             rencana jangka menengah, dan rencana jangka panjang.               term, medium-term, and long-term plans.
 Already Settled
 Sedang dalam Proses Penyelesaian di Internal
                                                                       -                           10                  -
 Currently in Internal Settlement Process
 Belum Diupayakan Penyelesaiannya
                                                                       -                            -                  -
                                                                                                                                     Rencana Jangka Pendek dan Menengah                                 Short- and Medium-Term Plans
 Not Resolved Yet
 Telah Ditindaklanjuti melalui Proses Hukum                                                                                          Perseroan telah menyusun rencana jangka pendek dan                 The Company has prepared short- and medium-term plans
                                                                       -                            -                  -
 Followed Up through Legal Process
                                                                                                                                     menengah yang dijelaskan sebagai berikut:                          which are explained as follows.


                                                                                                                                     Target Jangka Pendek                                               Short-Term Plan
                                                                                                                                     Di tahun 2024, Perseroan akan melanjutkan pertumbuhan              In 2024, the Company will continue its growth through
                                                                                                                                     melalui transformasi dan implementasi program-program              transformation and the implementation of programs in the
                                                                                                                                     untuk terus bertumbuh dalam fase kedua mencapai arah dan           second phase to achieve the Company’s direction and ambition
                                                                                                                                     ambisi perusahaan yang sudah di canangkan sebelumnya,              previously outlined in the “GREAT 2025” initiative. Efforts
                                                                                                                                     yaitu “GREAT 2025”. Upaya realisasi dilakukan melalui              towards realization will be made through several aspects such
                                                                                                                                     beberapa aspek seperti optimalisasi bisnis, branding, dan          as business optimization, branding, and customer experience
                                                                                                                                     customer experience untuk terus memastikan komitmen                to ensure the Company’s commitment as a trusted partner
Kebijakan Benturan Kepentingan                                                                                                       Perseroan menjadi mitra yang terpercaya bagi seluruh
                                                                                                                                     pemangku kepentingan. Seluruh rencana yang disusun dalam
                                                                                                                                                                                                        to all stakeholders. All plans prepared to achieve GREAT
                                                                                                                                                                                                        2025 continue to be based on the Company’s three strategic
dan Insider Trading                                                                                                                  rangka mencapai GREAT 2025 masih terus berdasarkan pada 3          pillars: Expand to Grow, Excellent Service & Support, and Solid
                                                                                                                                     pilar strategis perusahaan: Expand to Grow, Excellent Service &    Financial & Governance.
Conflict of Interest and Insider Trading Policies                                                                                    Support, dan Solid Financial & Governance.


                                                                                                                                     Beberapa langkah strategis yang disusun adalah:                    Several strategic steps outlined include:
                                                                                                                                     1. Memaksimalkan perluasan bisnis ritel melalui kanal distribusi   1. Maximizing retail business expansion through diverse
Komitmen Perseroan dalam menerapkan GCG yang                     The Company’s commitment to implementing sustainable                   yang beragam, khususnya melalui kanal distribusi utama             distribution channels, particularly through main channels
berkelanjutan turut direalisasikan melalui penyusunan            GCG is also realized through the formulation of a conflict of          yaitu Keagenan dan Bancassurance untuk menjangkau dan              such as Agency and Bancassurance to reach and meet the
kebijakan benturan kepentingan yang tertuang dalam               interest policy outlined in the Conflict of Interest and External      memenuhi kebutuhan pasar yang lebih luas, didukung dengan          needs of a wider market, supported by the opening of
kebijakan konflik kepentingan dan keterlibatan eksternal         Engagement Policy effective since 2021, and the Insider                pembukaan kanal distribusi digital untuk mengoptimalkan            digital distribution channels to optimize the acceleration
yang berlaku sejak tahun 2021 serta kebijakan transaksi orang    Trading Policy effective since 2020.                                   percepatan pertumbuhan bisnis Perseroan;                           of the Company’s business growth;
dalam yang berlaku sejak tahun 2020.                                                                                                 2. Mengembangkan produk-produk baru yang berdasarkan               2. Developing new products based on in-depth analysis of
                                                                                                                                        kepada analisa mendalam terhadap berbagai segmen                   various market segments so that the marketed products
Guna menetapkan aturan, mengidentifikasi, mengurangi,            This policy aims to establish rules, identify, reduce, and             pasar sehingga produk yang dipasarkan dapat menjawab               can respond and remain relevant to dynamic market
dan mengelola adanya potensi benturan kepentingan yang           manage potential conflicts of interest that may arise in the           dan relevan dengan kondisi pasar yang dinamis;                     conditions;
mungkin timbul dalam operasional bisnis Perseroan. Pedoman       Company’s business operations. The guidelines also reaffirm         3. Menyusun strategi-strategi pemasaran yang terus                 3. Formulating marketing strategies that continue to focus
tersebut turut menegaskan larangan penggunaan informasi          the prohibition on the use of insider information (insider             memperhatikan bauran produk yang sehat untuk terus                 on a healthy product mix to maintain the Company’s long-
orang dalam (insider trading) yang erat kaitannya dengan         trading), which is closely related to private transactions and         dapat menjaga nilai bisnis Perseroan jangka panjang;               term business value;
transaski pribadi dan berpotensi mengganggu reputasi             can potentially harm the Company’s reputation.                      4. Mempersiapkan penerapan Pernyataan Standar Akuntansi            4. Preparing for the implementation of Financial Accounting
Perseroan.                                                                                                                              Keuangan 74 untuk terus memastikan proses bisnis dan               Standards Statement 74 to ensure that the Company’s
                                                                                                                                        finansial perusahaan sejalan dengan standar yang berlaku;          business and financial processes are in line with applicable
Sepanjang tahun 2023, Perseroan terbebas dari isu atau           Throughout 2023, the Company was free from issues or                                                                                      standards;
dugaan terjadinya benturan kepentingan dan/atau insider          allegations of conflicts of interest and/or insider trading         5. Melakukan terus tinjauan ulang dan pengembangan                 5. Continuously reviewing and developing the Company’s
trading yang melibatkan Dewan Komisaris, Dewan Komisaris,        involving the Board of Commissioners, and Board of Directors           terhadap struktur perusahaan untuk mencapai organisasi             structure to achieve a lean and agile organization;
dan Direksi serta manajemen, ataupun karyawan MSIG Life.         as well as management, or employees of MSIG Life.                      yang ramping dan tangkas (lean & agile);
                                                                                                                                     6. Melanjutkan pengembangan ekosistem digital untuk                6. Continuing the development of a digital ecosystem to
                                                                                                                                        memberikan pengalaman terbaik bagi seluruh pemangku                provide the best experience for all stakeholders, including
                                                                                                                                        kepentingan, baik nasabah, karyawan maupun masyarakat              customers, employees, and the wider community, while
                                                                                                                                        luas, sekaligus dapat memperkuat brand awareness                   strengthening the Company’s brand awareness on a
                                                                                                                                        Perseroan dalam skala pasar yang lebih luas; dan                   broader market scale; and



           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
210        Laporan Tahunan 2023                                                                                                                                                                                                           2023 Annual Report     211
Page 108
        Tata Kelola                                                                                                                                                                                                                                Good Corporate
        Perusahaan                                                                                                                                                                                                                                    Governance




7. Meningkatkan fungsi pengendalian internal dan
   manajemen risiko, termasuk di dalamnya melalui
                                                                7. Improving internal control functions and risk management,
                                                                   including through the development of a database system
                                                                                                                                   Transparansi Kondisi Keuangan dan Non-Keuangan
   pengembangan system database untuk menjaga                      to ensure that the Company’s operations continue to run         Transparency of Financial and Non-Financial Conditions
   operasional Perseroan tetap berjalan dalam koridor dan          within predetermined corridors and boundaries while
   batasan yang sudah ditetapkan sekaligus menciptakan             creating a quality and sustainable business.
   bisnis yang berkualitas dan berkelanjutan.
                                                                                                                                   Perseroan telah melakukan transparansi kondisi keuangan              The Company has carried out transparency of financial and non-
Target Jangka Menengah                                          Medium-Term Targets                                                dan non-keuangan dengan menyusun, menyajikan, dan                    financial conditions by compiling, presenting, and submitting
Perseroan menargetkan pencapaian ambisi strategis GREAT         The Company aims to achieve the strategic ambition of GREAT        menyampaikannya kepada Otoritas Jasa Keuangan dan                    them to the Financial Services Authority and stakeholder in
2025 sudah dapat tercapai dalam jangka menengah, setelah        2025 in the medium-term, after going through a phase of            pemangku kepentingan sesuai ketentuan yang berlaku,                  accordance with applicable regulations, as well as presenting
melalui fase membangun fundamental bisnis yang kuat dan         building a strong and healthy business foundation, then it will    serta menyajikan laporan tersebut di dalam situs Perseroan           these reports on the Company’s website www.msiglife.co.id
sehat untuk kemudian dilanjutkan dengan fase optimalisasi       be followed by a phase of accelerating business development        www.msiglife.co.id.
percepatan dalam pengembangan bisnis.                           optimization.


Beberapa rencana jangka menengah yang disusun Perseroan         Several medium-term plans outlined by the Company are:
adalah:
1. Memaksimalkan pertumbuhan bisnis perusahaan melalui
    optimalisasi kapasitas penjualan seluruh kanal distribusi
                                                                1. Maximizing business growth through optimizing sales
                                                                   capacity across all existing distribution channels, including
                                                                                                                                   Penerapan Pedoman Tata Kelola Perusahaan Terbuka
    yang ada, termasuk pada kanal digital. Strategi ini            digital channels. This strategy is carried out through          Implementation of Public Company Governance Guidelines
    dilakukan melalui penjajakan untuk potensi kemitraan           explorations for digital partnership potential with leading
    digital dengan institusi-institusi keuangan terkemuka dan      financial institutions and supported by continuous review
    didukung dengan tinjauan ulang terus menerus untuk             to ensure a healthy product mix to maintain funda-
    memastikan bauran produk yang sehat guna terus menjaga         mentally strong market share growth;                            Penerapan prinsip GCG Perseroan telah disesuaikan                    The implementation of the Company’s GCG Principles has
    pertumbuhan pangsa pasar yang kuat secara fundamental;                                                                         dengan Pedoman Tata Kelola Perusahaan Terbuka yang                   been adjusted to the Public Company Governance Guidelines
2. Melakukan adaptasi dengan pasar yang dinamis melalui         2. Adapting to a dynamic market through the development            telah diatur dalam Surat Edaran Otoritas Jasa Keuangan               which have been regulated in the Financial Services Authority
    pengembangan alat digital untuk menjaga tingkat                of digital tools to maintain customer satisfaction levels       No. 32/SEOJK.04/2015. Penerapan pedoman tersebut                     Circular No. 32/SEOJK.04/2015. The application of these
    kepuasan nasabah terhadap Perseroan, yang didukung             with the Com-pany, supported by the development of              diuraikan sebagai berikut:                                           guidelines is described as follows.
    dengan pengembangan kualitas seluruh tenaga pemasar            the quality of all front-line marketers and employees. This
    (front liner) dan karyawan. Hal ini dimaksudkan untuk          is intended to provide ex-cellent and sustained service,                        Aspek/Prinsip/Rekomendasi                       Pemenuhan                            Keterangan
    menyediakan pelayanan yang prima dan terjaga, sehingga         so that the reputation and brand value of the Compa-              No.
                                                                                                                                               Aspects/Principles/Recommendations                  Fulfillment                          Description
    pamor dan nilai merek dagang Perseroan sebagai Trusted         ny as a Trusted Partner can continue to de-velop and be
                                                                                                                                      I.   Hubungan Perusahaan Terbuka dengan pemegang saham dalam Menjamin Hak-Hak pemegang saham
    Partner dapat terus berkembang dan terjaga;                    maintained;                                                             Relationship between the Public Company and Shareholders in Guaranteeing Shareholders’ Right
3. Melakukan peningkatan terhadap fungsi kontrol internal       3. Improving internal control and risk man-agement
                                                                                                                                     1.    Meningkatkan Nilai Penyelenggaraan Rapat Umum pemegang saham (RUPS)
    dan manajemen risiko untuk memaksimalkan proses                functions to maximize the effec-tiveness of existing                    Increasing the Value of Convening General meeting of Shareholders (GMS)
    bisnis yang ada berjalan dengan efektif dan berlandaskan       business processes based on established values and in             a.    Perusahaan terbuka memiliki cara atau prosedur teknis    Terpenuhi     Prosedur pengumpulan suara (voting) dalam RUPS telah
    kepada nilai-nilai yang ditetapkan serta sesuai dengan         accord-ance with applicable regulations;                                pengumpulan suara (voting), baik secara terbuka                        diatur dalam Anggaran Dasar dan peraturan internal
    ketentuan yang berlaku;                                                                                                                maupun tertutup yang mengedepankan independensi,                       Perseroan. Prosedur ini juga tercantum dalam tata tertib
                                                                                                                                           dan kepentingan pemegang saham.                                        RUPS yang diinformasikan kepada Para pemegang saham
4. Melanjutkan program-program Environmental, Social and        4. Continuing Environmental, Social, and Governance (ESG)
                                                                                                                                                                                                                  di awal pelaksanaan RUPS.
    Governance (ESG) guna mendukung program pemerintah             programs to support government programs and global
                                                                                                                                           The public company has technical voting methods          Complied      The procedure for collecting votes at the GMS has been
    dan pasar global dalam menjaga dan menciptakan                 market in maintaining and creating a better living en-
                                                                                                                                           of procedures, either open or close, prioritizing                      regulated in the Articles of Association and Company’s
    lingkungan hidup yang lebih baik; dan                          vironment; and                                                          independence, and interest of Shareholders.                            internal regulations. This procedure is also included in the
5. Melakukan tinjauan ulang terhadap aspek-aspek yang           5. Reviewing aspects that influence business performance                                                                                          GMS conduct, which is informed to Shareholders at the
    berpengaruh terhadap performa bisnis dan profitabilitas        and profitability in order to ensure the Company’s business                                                                                    beginning of the GMS.
    guna menjaga nilai bisnis Perseroan terus bertumbuh            value con-tinues to grow sustainably in the long term.            b.    Seluruh anggota Direksi dan anggota Dewan Komisaris      Penjelasan    RUPS Tahunan yang diselenggarakan pada tanggal
    secara berkelanjutan dalam jangka panjang.                                                                                             perusahaan terbuka hadir dalam RUPS Tahunan.                           27 Juni 2023 dihadiri, baik secara fisik maupun media
                                                                                                                                                                                                                  telekonferensi, oleh 4 orang anggota Direksi, 1 orang
                                                                                                                                                                                                                  Komisaris Independen, dan 3 orang anggota Dewan
                                                                                                                                                                                                                  Pengawas Syariah.
Rencana Jangka Panjang                                          Long-Term Plans                                                            All members of Board of Directors and members of        Explanation    The Annual GMS held on June 27, 2023, was attended,
                                                                                                                                           Board of Commissioners of the public company attend                    both physically and via teleconference, by 4 members of
Terkait pencanangan strategi GREAT 2025, diharapkan setelah     Regarding the launch of the GREAT 2025 strat-egy, it is                    to the Annual GMS.                                                     the Board of Directors, 1 Independent Commissioner, and
tercapai, Perseroan dapat terus memaksimalkan pertumbuhan       hoped that after its achievement, the Company can continue                                                                                        3 members of the Sharia Supervisory Board.
pangsa pasar secara berkelanjutan melalui pengembangan          to maximize sustaina-ble market share growth through the
potensi bisnis yang ada, termasuk melakukan penetrasi pasar     devel-opment of existing business potential, includ-ing further
yang lebih luas lagi. Dengan begitu bukan hanya nilai bisnis    expanding market penetration. In this way, not only business
yang terus bertumbuh, tetapi juga area jangkauan pasar          value will continue to grow, but the Company’s market reach
Perseroan menjadi lebih luas lagi guna menjaga pertumbuhan      will also widen further to maintain sustainable long-term
bisnis yang berkelanjutan untuk jangka panjang.                 business growth.



          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                           PT MSIG Life Insurance Indonesia Tbk
212       Laporan Tahunan 2023                                                                                                                                                                                                             2023 Annual Report           213
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       Tata Kelola                                                                                                                                                                                                                                             Good Corporate
       Perusahaan                                                                                                                                                                                                                                                 Governance




               Aspek/Prinsip/Rekomendasi                          Pemenuhan                          Keterangan                                             Aspek/Prinsip/Rekomendasi                           Pemenuhan                           Keterangan
 No.                                                                                                                                         No.
           Aspects/Principles/Recommendations                     Fulfillment                        Description                                        Aspects/Principles/Recommendations                      Fulfillment                         Description

 c.    Ringkasan risalah RUPS tersedia dalam situs web             Terpenuhi    Ringkasan risalah RUPS telah tersedia dalam situs web        c.     Dewan Komisaris mempunyai kebijakan terkait                  Terpenuhi    Dewan Komisaris telah memiliki kebijakan terkait
       perusahaan terbuka paling sedikit selama 1 (satu) tahun.                 Perseroan selama lebih dari 1 tahun. Ringkasan risalah              pengunduran diri anggota Dewan Komisaris apabila                          pengunduran diri anggota Dewan Komisaris apabila
                                                                                RUPS telah tersedia sejak tahun 2019 dan masih tersedia             terlibat dalam kejahatan keuangan.                                        terlibat dalam kejahatan keuangan sebagaimana diatur
                                                                                sampai dengan saat ini.                                                                                                                       dalam Piagam Dewan Komisaris.
       A summary of the GMS minutes is available on the public     Complied     A summary of the GMS minutes has been available on the              The Board of Commissioners has policy related to             Complied     The Board of Commissioners has a policy regarding the
       company’s website for at least 1 (one) year.                             Company’s website for more than 1 year. The summary of              resignation of the Board of Commissioners’ members if                     resignation of Board of Commissioners’ members if they
                                                                                the GMS minutes has been available since 2019 and is still          involved in financial crime.                                              are involved in financial crimes as stipulated in the Board
                                                                                available today.                                                                                                                              of Commissioners Charter.
 2.    Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan pemegang saham atau Investor                                               d.     Dewan Komisaris atau Komite yang menjalankan fungsi          Terpenuhi    Perseroan telah memiliki Komite Nominasi dan
       Increasing the Communication Quality between the Public Company and Shareholders or Investors                                                Nominasi dan Remunerasi menyusun kebijakan suksesi                        Remunerasi yang berfungsi dan bertanggung jawab
 a.    Perusahaan terbuka memiliki suatu kebijakan                 Terpenuhi    Perseroan telah memiliki kebijakan komunikasi dengan                dalam proses nominasi anggota Direksi.                                    dalam menyusun kebijakan suksesi dalam proses nominasi
       komunikasi dengan pemegang saham atau investor.                          pemegang saham Perseroan.                                                                                                                     anggota Direksi.

       The public company has communication policy with the        Complied     The Company already has a communication policy with the             The Board of Commissioners or Committee performing           Complied     The Company already has a Nomination and Remuneration
       Shareholders or investors.                                               Company’s Shareholders.                                             nomination and remuneration functions prepares the                        Committee which functions and is responsible for
                                                                                                                                                    succession policy for the nomination process of the                       formulating a succession policy in the process of
 b.    Perusahaan    terbuka    mengungkapkan kebijakan            Terpenuhi    Perseroan menjalankan kebijakan komunikasi perusahaan
                                                                                                                                                    Board of Directors’ members.                                              nominating Board of Directors’ members.
       komunikasi Perseroan terbuka dengan pemegang                             terbuka dengan pemegang saham atau investor.
       saham atau investor dalam situs web.                                                                                                  III.   Fungsi dan Peran Direksi
                                                                                The Public Company implements its public company
                                                                                                                                                    Functions and Roles of the Board of Directors
       The public company discloses its policy on                  Complied     communication policy with Shareholders or investors.
       communication with Shareholders or investors                                                                                          5.     Memperkuat Keanggotaan dan Komposisi Direksi
       on the website.                                                                                                                              Strengthening the Board of Directors’ Membership and Composition

 II.   Fungsi dan Peran Dewan Komisaris                                                                                                      a.     Penentuan jumlah anggota Direksi mempertimbangkan            Terpenuhi    Per 31 Desember 2023, jumlah anggota Direksi Perseroan
       Functions and Roles of the Board of Commissioners                                                                                            kondisi perusahaan terbuka, serta efektifitas dalam                       saat ini sebanyak 6 orang. Jumlah tersebut telah
                                                                                                                                                    pengambilan keputusan.                                                    disesuaikan dengan kondisi Perseroan.
 3.    Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
       Strengthening the Board of Commissioners’ Membership and Composition                                                                         The determination of number of Board of Directors’           Complied     As of December 31, 2023, the number of Board of
                                                                                                                                                    members consider the public company’s condition and                       Directors’ members is currently 6 members. This number
 a.    Penentuan jumlah anggota Dewan Komisaris                    Terpenuhi    Pada tahun 2023, Perseroan memiliki anggota Dewan
                                                                                                                                                    effectiveness in decision-making.                                         has been adjusted to the Company’s conditions.
       mempertimbangkan kondisi perusahaan terbuka.                             Komisaris sejumlah 6 orang dengan 3 orang diantaranya
                                                                                merupakan Komisaris Independen. Jumlah tersebut telah        b.     Penentuan komposisi anggota Direksi memperhatikan,           Terpenuhi    Komposisi      anggota     Direksi   Perseroan    telah
                                                                                disesuaikan dengan kebutuhan dan kondisi Perseroan.                 keberagaman keahlian, pengetahuan, dan pengalaman                         memperhatikan keberagaman keahlian, pengetahuan,
                                                                                                                                                    yang dibutuhkan.                                                          dan pengalaman yang dibutuhkan. Hal tersebut tercermin
       The determination of number of Board of Commissioners’      Complied     In 2023, the Company had 6 members of the Board
                                                                                                                                                                                                                              dari profil masing-masing anggota Direksi.
       members considers the publc company’s condition.                         of Commissioners with 3 of them being Independent
                                                                                Commissioners. This number has been adjusted to the                 The determination of Board of Directors’ composition         Complied     The composition of the Board of Directors’ members
                                                                                Company’s needs and conditions.                                     considers the range of expertise, knowledge, and                          has considered the diversity of skills, knowledge, and
                                                                                                                                                    experience required.                                                      experience required. This is reflected in the profile of
 b.    Penentuan komposisi anggota Dewan Komisaris                 Terpenuhi    Komposisi anggota Dewan Komisaris Perseroan telah
                                                                                                                                                                                                                              each member of the Board of Directors.
       memperhatikan keberagaman keahlian, pengetahuan,                         memperhatikan keberagaman keahlian, pengetahuan dan
       dan pengalaman yang dibutuhkan.                                          pengalaman sebagaimana terefleksi dalam daftar riwayat       c.     Anggota Direksi yang membawahi bidang akuntansi              Terpenuhi    Perseroan memiliki anggota Direksi yang membawahi
                                                                                hidup.                                                              atau keuangan memiliki keahlian dan/atau pengetahuan                      bidang akuntansi dan keuangan serta memiliki keahlian
                                                                                                                                                    di bidang akuntansi.                                                      dan pengetahuan di bidang akuntansi dan keuangan.
       The detremination of Board of Commissioners’                Complied     The composition of the Company’s Board of
       composition considers the range of expertise,                            Commissioners’ members has considered the diversity of              The Board of Directors’ member in charge of accounting or    Complied     The Company has a member of the Board of Directors who
       knowledge, and experience required.                                      expertise, knowledge, and experience as reflected in the            finance has the expertise and/or knowledge in accounting.                 oversees accounting and finance and has expertise and
                                                                                curriculum vitae.                                                                                                                             knowledge in accounting and finance.

 4.    Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris                                                            6.     Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
       Increasing the Quality of Implementation of Board of Commissioners’ Duties and Responsibilities                                              Increasing the Quality of Implementation of Board of Directors’ Duties and Responsibilities

 a.    Dewan Komisaris mempunyai kebijakan penilaian sendiri       Terpenuhi    Dewan Komisaris Perseroan telah memiliki kebijakan           a.     Direksi mempunyai kebijakan penilaian sendiri (self          Terpenuhi    Direksi Perseroan telah memiliki kebijakan self assessment
       (self assessment) untuk menilai kinerja Dewan Komisaris.                 self assessment atas penilaian kinerja Dewan Komisaris              assessment) untuk menilai kinerja Direksi.                                atas penilaian kinerja Direksi sebagaimana telah diatur di
                                                                                sebagaimana telah diatur dalam Piagam Dewan Komisaris.                                                                                        dalam Piagam Direksi.

       The Board of Commissioners has self-assessment policy       Complied     The Board of Commissioners has a self-assessment policy             The Board of Directors has self-assessment policy to         Complied     The Board of Directors has a self-assessment policy to
       to assess the Board of Commissioners’ performance.                       for assessing the Board of Commissioners’ performance               assess the Board of Directors’ performance.                               assess the Board of Directors’ performance as stipulated
                                                                                as stipulated in the Board of Commissioners Charter.                                                                                          in the Board of Directors Charter.

 b.    Kebijakan penilaian sendiri (self assessment) untuk         Terpenuhi    Perseroan telah mengungkapkan kebijakan self                 b.     Kebijakan penilaian sendiri (self assessment) untuk          Terpenuhi    Perseroan telah mengungkapkan kebijakan self
       menilai kinerja Dewan Komisaris, diungkapkan melalui                     assessment atas kinerja Dewan Komisaris pada Laporan                menilai kinerja Direksi diungkapkan melalui Laporan                       assessment atas kinerja Direksi pada laporan tahunan ini.
       Laporan Tahunan perusahaan terbuka.                                      Tahunan ini.                                                        Tahunan perusahaan terbuka.
                                                                                                                                                    The self-assessment policy to assess the Board of            Complied     The Company has disclosed the self-assessment policy on
       The self-assessment policy to assess the Board of           Complied     The Company has disclosed the self-assessment policy on
                                                                                                                                                    Directors’ performance is disclosed in the public                         the Board of Directors’ performance in this annual report.
       Commissioners’ performance is disclosed in the public                    the Board of Commissioners’ performance in this Annual
                                                                                                                                                    company’s Annual Report.
       company’s Annual Report.                                                 Report.




         PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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       Tata Kelola                                                                                                                                                                                                                                           Good Corporate
       Perusahaan                                                                                                                                                                                                                                               Governance




               Aspek/Prinsip/Rekomendasi                           Pemenuhan                           Keterangan                                             Aspek/Prinsip/Rekomendasi                         Pemenuhan                         Keterangan
 No.                                                                                                                                            No.
           Aspects/Principles/Recommendations                      Fulfillment                         Description                                        Aspects/Principles/Recommendations                    Fulfillment                       Description

 c.    Direksi mempunyai kebijakan terkait pengunduran              Terpenuhi    Direksi Perseroan memiliki kebijakan terkait pengunduran       b.    Laporan Tahunan perusahaan terbuka mengungkapkan           Terpenuhi    Perseroan telah mengungkapkan pemilik manfaat akhir
       diri anggota Direksi apabila terlibat dalam kejahatan                     diri anggota Direksi apabila terlibat dalam kejahatan                pemilik manfaat akhir dalam kepemilikan saham                           dalam kepemilikan saham Perseroan paling sedikit 5%
       keuangan.                                                                 keuangan yang dituangkan dalam Piagam Direksi.                       perusahaan terbuka paling sedikit 5% (lima persen),                     dalam laporan tahunan ini.
       The Board of Directors has policy related to resignation     Complied     The Board of Directors has a policy regarding the                    selain pengungkapan pemilik manfaat akhir dalam
       of the Board of Directors’ members if involved in                         resignation of a member of the Board of Directors if                 kepemilikan saham perusahaan terbuka melalui
       financial crime.                                                          involved in a financial crime as outlined in the Board of            pemegang saham utama dan pengendali.
                                                                                 Directors Charter.                                                   The public company’s Annual Report discloses the           Complied     The Company has disclosed the ultimate beneficial owner
 IV.   Partisipasi Pemangku Kepentingan                                                                                                               ultimate beneficial owner of the public company’s share                 in the Company’s share ownership of at least 5% in this
       Stakeholders Participation                                                                                                                     ownership of at least 5%, in addition to the disclosure                 annual report.
                                                                                                                                                      of the ultimate beneficial owner in the share ownership
 7.    Meningkatkan Aspek Tata Kelola Perseroan melalui Partisipasi Pemangku Kepentingan
                                                                                                                                                      of public company through the Main and Controlling
       Increasing the Corporate Governance Aspect through Stakeholders Participation
                                                                                                                                                      Shareholders.
 a.    Perusahaan terbuka memiliki kebijakan untuk mencegah         Terpenuhi    Perseroan telah memiliki kebijakan untuk mencegah
       terjadinya insider trading.                                               terjadinya insider trading.
       The public company has a policy to prevent the               Complied     The Company already has a policy to prevent insider
       occurrence of insider trading.                                            trading.
 b.    Perusahaan terbuka memiliki kebijakan anti korupsi dan       Terpenuhi    Perseroan memiliki kebijakan khusus terkait            anti
       anti fraud.                                                               penyuapan dan korupsi serta strategi anti fraud.
       The public company has anti-corruption and anti-fraud        Complied     The Company has specific policies related to anti-bribery,
       policy.                                                                   corruption, and anti-fraud strategies.
 c.    Perusahaan terbuka memiliki kebijakan tentang seleksi        Terpenuhi    Perseroan telah memiliki penyusunan kebijakan tentang
       dan peningkatan kemampuan pemasok atau vendor.                            seleksi dan peningkatan kemampuan pemasok atau
                                                                                 vendor.
       The public company has a policy on selection and             Complied     The Company already has a policy formulation regarding
       improvement of supllier’s or vendor’s capabilities.                       the selection and capacity building of suppliers or vendors.
 d.    Perusahaan terbuka memiliki         kebijakan    tentang     Terpenuhi    Perseroan memiliki kebijakan khusus terkait pemenuhan
       pemenuhan hak-hak kreditur.                                               hak-hak kreditur.
       The public company has a policy on the fulfillment of        Complied     The Company has a specific policy regarding the
       creditor’s right.                                                         fulfillment of creditor rights.
 e.    Perusahaan terbuka       memiliki    kebijakan    sistem     Terpenuhi    Perseroan memiliki kebijakan WBS dan diungkapkan
       whistleblowing.                                                           dalam laporan tahunan ini dan situs web Perseroan.
       The public company has a policy on whistleblowing            Complied     The Company has a WBS policy and is disclosed in this
       system.                                                                   annual report and on the Company’s website
  f.   Perusahaan terbuka memiliki kebijakan pemberian              Terpenuhi    Kebijakan remunerasi dan fasilitas lain bagi anggota
       insentif jangka panjang kepada Direksi dan karyawan.                      Direksi dan Dewan Komisaris yang ditandatangani pada
                                                                                 tanggal 2 November 2020 telah mengatur struktur dan
                                                                                 komponen remunerasi.
       The public company has a policy on provision of long-term    Complied     The policy for remuneration and other facilities for
       incentive for the Board of Directors and employees.                       members of the Board of Directors and Board of
                                                                                 Commissioners, which was signed on November 2, 2020,
                                                                                 regulates the remuneration structure and components.
 V.    Keterbukaan Informasi
       Information Disclosure
 8.    Meningkatkan Pelaksanaan Keterbukaan Informasi
       Increasing the Implementation of Information Disclosure
 a.    Perusahaan terbuka memanfaatkan penggunaan                   Terpenuhi    Perseroan menggunakan platform situs web dan sosial
       teknologi informasi secara lebih luas selain situs web                    media dalam menyampaikan keterbukaan informasi
       sebagai media keterbukaan informasi.                                      serta memanfaatkan sosial media regulator dan asosiasi
                                                                                 asuransi jiwa untuk mendapatkan informasi terkait
                                                                                 regulasi dan kebijakan terkini di industri asuransi jiwa.
       The public company utilizes information technology           Complied     The Company uses website platforms and social media in
       more broadly, in addition to the website, as a media for                  conveying information disclosure and utilizes social media
       information disclosure.                                                   of regulators and life insurance associations to obtain
                                                                                 information on the latest regulations and policies in life
                                                                                 insurance industry.




         PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                       PT MSIG Life Insurance Indonesia Tbk
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                                                  Laporan
                                             Keberlanjutan
                                               Sustainability Report




                                                                   06
      PT MSIG Life Insurance Indonesia Tbk           PT MSIG Life Insurance Indonesia Tbk
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        Laporan                                                                                                                                                                                                                                           Sustainability
        Keberlanjutan                                                                                                                                                                                                                                           Report




Kebijakan Keberlanjutan
Sustainability Policy



                                                                                                                                Implementasi Rencana Aksi Keuangan                                         Implementation of Sustainable Finance
                                                                                    Perseroan terus meningkatkan                Berkelanjutan                                                              Action Plan
                                                                                    kualitasnya sebagai lembaga
                                                                                                                                Pada tahun 2023, implementasi RAKB Perseroan telah                         In 2023, the implementation of the Company’s RAKB entered
                                                                                    penyedia jasa asuransi kesehatan
                                                                                                                                memasuki tahap implementasi lanjutan dengan aktivitas                      an advanced implementation stage with the following
                                                                                    yang dapat diandalkan dan
                                                                                                                                sebagai berikut:                                                           activities:
                                                                                    dipercaya oleh masyarakat.
                                                                                    The Company continues to improve
                                                                                                                                                      Fokus Strategi Kegiatan                                                           Uraian
                                                                                    its quality as a reliable health                                  Activity Strategy Focus                                                           Details
                                                                                    insurance service provider trusted
                                                                                                                                                                                                         Mengumpulkan data secara kolektif melalui penugasan Sekretaris
                                                                                    by the community.
                                                                                                                                                                                                         Perusahaan sebagai person in charge, bersama dengan General Support,
                                                                                                                                                                                                         Branding & Communication, Human Capital, dan Corporate Planning.
                                                                                                                                                                                                         Unit Kerja tersebut secara bersama-sama bertanggung jawab dalam
                                                                                                                                                                                                         penyusunan Laporan Berkelanjutan dan dapat berubah sesuai dengan
                                                                                                                                 Penunjukan Tim Berkelanjutan
                                                                                                                                                                                                         kebutuhan implementasi RAKB yang optimal.
                                                                                                                                 Appointment of Sustainable Team
                                                                                                                                                                                                         Collecting data collectively through the assignment of Corporate
                                                                                                                                                                                                         Secretary as the person in charge, along with General Support, Branding
                                                                                                                                                                                                         & Communication, Human Capital, and Corporate Planning. These units
                                                                                                                                                                                                         are jointly responsible for the preparation of Sustainability Report and
                                                                                                                                                                                                         may change according to the needs of optimal RAKB implementation.
                                                                                                                                                                                                         • Pelaksanaan kampanye SMiLe GoGreen dengan penerapan “Reduce
                                                                                                                                                                                                           Plastic Usage (Bring Your Own Tumbler)” dan “Reduce Paper Usage
                                                                                                                                                                                                           (Paperless Work)” di kalangan internal;
Hal ini terbukti dari upaya Perseroan dalam menerapkan          This is evidenced by the Company’s efforts to implement                                                                                  • Optimalisasi layanan digital dan green investment;
praktik usaha yang sehat dengan fokus pada pengelolaan          healthy business practices focusing on effective resource                                                                                • Penerbitan 1 newsletter keuangan berkelanjutan; dan
sumber daya yang efektif. Sebagai implementasi komitmen         management. As an implementation of this commitment,             Pengembangan Kapasitas Internal                                         • Terlaksananya kegiatan peduli lingkungan.
                                                                                                                                 Internal Capacity Building                                              • Implementation of SMiLe GoGreen campaign with the application of
tersebut, Perseroan telah merumuskan strategi road map          the Company has formulated a 2020-2025 road map strategy                                                                                   “Reduce Plastic Usage (Bring Your Own Tumbler)” and “Reduce Paper
2020-2025 yang bertemakan Expand to Grow 2025, yaitu:           themed “Expand to Grow 2025,” which includes:                                                                                              Usage (Paperless Work)” among internal stakeholders;
1. Transformasi bisnis, dengan diversifikasi produk dan         1. Business transformation, with product diversification                                                                                 • Optimization of digital services and green investment;
                                                                                                                                                                                                         • Publishing 1 newsletter on sustainable finance; and
    saluran pemasaran yang lebih berorientasi pada bisnis           and marketing channels more oriented towards retail                                                                                  • Implementation of environmental care activities.
    ritel;                                                          business;                                                                                                                            Kolaborasi dengan MSIG Indonesia dan Smiling Coral untuk kegiatan
2. Layanan dan dukungan yang unggul, dengan                     2. Excellent services and support by empowering human                                                                                    transplantasi 100 media terumbu karang dan penanaman 100 batang
    memberdayakan sumber daya manusia dan penguatan                 resources and strengthening management through               Implementasi Kegiatan CSR dan Literasi Keuangan                         pohon mangrove di Pulau Pramuka, Kepulauan Seribu.
                                                                                                                                 Implementation of CSR and Financial Literacy Activities                 Collaborated with MSIG Indonesia and Smiling Coral, conducted the
    manajemen melalui pemanfaatan digitalisasi yang optimal;        optimal digitalization utilization; and                                                                                              transplantation of 100 coral reefs and planted 100 mangrove trees on
    dan                                                                                                                                                                                                  Pramuka Island, Seribu Islands.
3. Keuangan dan tata kelola perusahaan yang kuat, dengan        3. Strong financials and good corporate governance by                                                                                    Perseroan berkomitmen untuk mendukung peningkatan kepemilikan
    mengoptimalkan biaya dan kinerja investasi yang berfokus       optimizing costs and investment performance focused on                                                                                portofolio investasi dengan prinsip ESG atau investasi hijau melalui
                                                                                                                                                                                                         subdana Excellink Equity Bakti Peduli yang portofolionya mengacu pada
    pada manajemen risiko.                                         risk management.                                                                                                                      saham-saham di indeks SRI-KEHATI dan IDX ESG Leaders, di mana per
                                                                                                                                 Peningkatan Kepemilikan Portofolio Investasi Environmental, Social, &   Desember 2023, Excellink Equity Bakti Peduli masih menjadi salah satu
Selain itu, Perseroan juga telah menetapkan tahapan             Furthermore, the Company has also set stages for the             Governance (ESG)                                                        subdana dengan total dana kelolaan tertinggi di Perseroan.
                                                                                                                                 Increasing Investment Portfolio Holdings of Environmental, Social, &    The Company is committed to supporting the increase in investment
implementasi Rencana Aksi Keuangan Berkelanjutan (RAKB)         implementation of Sustainable Finance Action Plan (SFAP),        Governance (ESG)                                                        portfolio ownership with ESG principles or green investments through
yang terdiri dari empat tahap. Tahap pertama, yaitu tahap       consisting of four stages. The first stage, the preparation                                                                              Excellink Equity Bakti Peduli sub-fund, whose portfolio refers to stocks
persiapan (2020), diikuti oleh tahap implementasi awal (2021-   stage (2020), followed by the early implementation stage                                                                                 in SRI-KEHATI and IDX ESG Leaders indices, where as of December 2023,
                                                                                                                                                                                                         Excellink Equity Bakti Peduli remains one of the sub-funds with the
2022), tahap implementasi lanjutan (2023-2024), dan tahap       (2021-2022), the advanced implementation stage (2023-                                                                                    highest total assets under management in the Company.
implementasi penuh (2025). Dukungan ini juga terlihat dalam     2024), and the full implementation stage (2025). This support
komitmen Perseroan terhadap Sustainable Development Goals       is also evident in the Company’s commitment to Sustainable
2030 (SDGs 2030) di Indonesia dan pemenuhan kewajiban           Development Goals 2030 (SDGs 2030) in Indonesia and             Dukungan terhadap SDGs                                                     Support for SDGs
sesuai ketentuan yang berlaku.                                  compliance with applicable regulations.
                                                                                                                                Keberlangsungan usaha Perseroan yang dinamis tidak hanya                   The dynamic sustainability of the Company’s business is not
                                                                                                                                dinilai dari sisi kuantitatif, melainkan turut mempertimbangkan            only assessed quantitatively but also considers the welfare
                                                                                                                                kesejahteraan dan kualitas sumber daya yang terlibat. Hal                  and quality of the involved resources. This reflects the
                                                                                                                                tersebut menjadi komitmen seluruh insan perusahaan dalam                   commitment of all company personnel to supporting the




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                PT MSIG Life Insurance Indonesia Tbk
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         Keberlanjutan                                                                                                                                                                                                                                                                Report




mendukung pencapaian Tujuan Pembangunan Berkelanjutan                           achievement of the Sustainable Development Goals set by the                                                                     Energi dan Sumber Daya
yang dicanangkan oleh Pemerintah, sebagaimana dituangkan                        Government, as outlined in the following Company’s strategy:                                                                     Energy and Resources
dalam strategi Perseroan berikut ini:                                                                                                                                   Kota dan Pemukiman yang Berkelanjutan
                                                                                                                                                                        Sustainable Cities and Settlements
                                                                                                                                                                        11.6 Mengurangi Dampak Negatif dari Lingkungan Perkotaan yang Merugikan, termasuk dengan Memberi Perhatian Khusus
                                                     Pertumbuhan Ekonomi Berkelanjutan                                                                                       pada Perbaikan Kualitas Udara, termasuk Penanganan Sampah dan Kebersihan Kota
                                                        Sustainable Economic Growth                                                                                     11.6 Reducing the Negative Impacts of Adverse Urban Environments by Paying Special Attention to Improving Air Quality,
                                                                                                                                                                             including Waste Management and Urban Hygiene
               Pekerjaan Layak dan Pertumbuhan Ekonomi
                                                                                                                                                                        Pola Konsumsi dan Produksi yang Bertanggung Jawab
               Decent Work and Economic Growth
                                                                                                                                                                        Responsible Consumption and Production Patterns
               8.1 Mempertahankan Pertumbuhan Ekonomi per Kapita Sesuai dengan Kondisi Nasional
                                                                                                                                                                        12.5 Mengurangi Produksi Limbah melalui Pencegahan, Pengurangan, Daur Ulang, dan Penggunaan Kembali Produk-Produk
               8.1 Maintaining Economic Growth per Capita in Line with National Conditions
                                                                                                                                                                             Daur Ulang
 Strategi Keberlanjutan                                                       Sustainability Strategy                                                                   12.5 Reducing Waste Production through Prevention, Reduction, Recycling, and Reuse of Recycled Products
 Meningkatkan keunggulan bisnis yang berpengaruh positif terhadap             Improve business excellence that positively affects the stability of         Strategi Keberlanjutan                                               Sustainability Strategy
 kestabilan kegiatan operasional dan distribusi nilai manfaat bagi pemangku   operations and the distribution of benefit value to stakeholders by          Meningkatkan efektivitas pengelolaan lingkungan.                     Improve the effectiveness of environmental management.
 kepentingan dengan menghasilkan produk dan layanan inovatif.                 producing innovative products and services.
                                                                                                                                                           Target yang Ingin Dicapai                                            Targets to Achieve
 Target yang Ingin Dicapai                                                    Targets to Achieve
                                                                                                                                                           • Meningkatkan efisiensi energi; dan                                 • Increase energy efficiency; and
 • Meningkatkan pendapatan dan distribusi nilai manfaat bagi                  • Increase revenue and distribution of benefit value to stakeholders;        • Mengurangi jumlah pemakaian kertas dan cetakan.                    • Reduce the amount of paper and print usage.
   pemangku kepentingan; dan                                                    and
 • Memperluas pangsa pasar.                                                   • Expand market share.                                                       Kegiatan yang Dilakukan                                              Activities Undertaken

 Kegiatan yang Dilakukan                                                      Activities Undertaken                                                        • Perseroan menggunakan lampu hemat energi dan menerapkan            • The Company used energy-saving lamps and implemented a program
                                                                                                                                                             program mematikan alat elektronik apabila tidak digunakan; dan       to turn off electronic devices when not in use; and
 • Meningkatkan layanan nasabah berbasis digital seperti kemudahan            • Improved digital-based customer services such as ease of payment of        • Perseroan mengoptimalkan penggunaan surat elektronik serta         • The Company optimized the use of electronic mail and digital-based
   pembayaran premi renewal serta pemantauan pengajuan klaim                    renewal premiums and online monitoring of claim submissions;                 penggunaan pelayanan berbasis digital.                               services.
   secara online;
 • Melakukan ekspansi bisnis melalui perluasan saluran distribusi dan         • Expanding business through the expansion of distribution channels          Pencapaian Target                                                    Targets Achieved
   jangkauan pasar dengan melakukan pembukaan Agensi Kantor                     and market reach by opening Mandiri Agency Offices throughout              • Pada tahun 2023, intensitas penggunaan energi listrik menurun      • In 2023, the intensity of electricity usage decreased to 0.000081
   Mandiri di seluruh Indonesia; dan                                            Indonesia; and                                                               menjadi 0,000081 gigajoule/jutaan Rupiah.                            gigajoules/million Rupiah.
 • Merealisasikan kegiatan webinar literasi finansial untuk lini usaha        • Realizing financial literacy webinar activities for both life insurance    • Perseroan telah menerapkan sistem digitalisasi pada administrasi   • The Company has implemented a digitalization system in paperless
   asuransi jiwa maupun lini usaha dana pensiun lembaga keuangan                and financial institution pension fund (DPLK) business lines and             tanpa kertas (paperless administration) melalui pemaksimalan         administration by maximizing the use of electronic letters in Life
   (DPLK) serta mengembangkan aplikasi bagi nasabah yang mendukung              developing applications for customers to support reliable services.          penggunaan surat elektronik dalam proses administrasi Surat          Insurance Application Form (SPAJ) administration process for
   pelayanan yang andal.                                                                                                                                     Permintaan Asuransi Jiwa (SPAJ) bagi nasabah.                        customers.
 Pencapaian Target                                                            Targets Achieved
 • Di tahun 2023, nilai premi yang disetahunkan (Annual Premium               • In 2023, the Annual Premium Equivalent (APE) experienced a
   Equivalent) mengalami koreksi 0,21% dibandingkan tahun                       correction of 0.21% compared to the previous year.
   sebelumnya.
                                                                                                                                                          Permasalahan terhadap Penerapan                                        Problems with the Implementation of
 • Memiliki tenaga pemasar mencapai lebih dari 8.900 orang di berbagai        • The Company has more than 8,900 marketers across various                  Keuangan Berkelanjutan                                                 Sustainable Finance
   jalur distribusi di seluruh Indonesia; dan                                   distribution channels nationwide; and
 • Melaksanakan program webinar literasi finansial sebanyak 5 kali            • Conducting financial literacy webinar programs 5 times throughout
                                                                                                                                                          Realisasi RAKB Perseroan masih menghadapi beberapa                     The implementation of the Company’s RAKB still faces
   sepanjang tahun 2023 dan mengembangkan aplikasi milik Perseroan,             2023 and developing applications owned by the Company, including
   termasuk VEGA dan ORION.                                                     VEGA and ORION.                                                           tantangan yang bersifat internal maupun eksternal, baik                several internal and external challenges, both directly and
                                                                                                                                                          secara langsung maupun tidak langsung. Dari sisi internal,             indirectly. Internally, challenges arise from employees’ limited
                                                                                                                                                          tantangan muncul dari keterbatasan pemahaman karyawan                  understanding of sustainable finance aspects. Similarly,
                                                            Kesejahteraan Karyawan                                                                        terhadap aspek keuangan berkelanjutan. Begitu pula dari sisi           from the external side, policy and regulatory changes pose
                                                               Employee Welfare                                                                           eksternal, perubahan kebijakan dan regulasi yang berlaku               challenges to the Company’s operations. In response, the
                                                                                                                                                          turut menjadi tantangan bagi operasional Perseroan. Terkait            Company’s Corporate Secretary and special work unit regularly
               Pekerjaan Layak dan Pertumbuhan Ekonomi
               Decent Work and Economic Growth                                                                                                            hal ini, Sekretaris Perusahaan dan unit kerja khusus secara            attend dissemination organized by the regulator, completed
               8.8 Melindungi Hak-Hak Tenaga Kerja dan Mempromosikan Lingkungan Kerja yang Aman dan Terjamin bagi Semua Pekerja,                          rutin mengikuti sosialisasi regulator disertai analisis aktif          with an active analysis of internal policy compliance with
                   termasuk Pekerja Imigran dan Mereka yang Bekerja dalam Pekerjaan Berbahaya                                                             terhadap kesesuaian kebijakan internal dengan peraturan yang           applicable regulations. Additionally, the Company consistently
               8.8 Protecting Labor Rights and Promote a Safe and Secure Working Environment for All Workers, including Immigrant
                   Workers and Those with Hazardous Occupations                                                                                           berlaku. Kemudian, Perseroan senantiasa menyosialisasikan              promotes comprehensive RAKB implementation, involving
 Strategi Keberlanjutan                                                       Sustainability Strategy                                                     penerapan RAKB secara menyeluruh yang disertai dengan                  employees in various sustainability-related training activities.
 Menciptakan lingkungan kerja yang layak dan aman serta memenuhi              Create a decent and safe working environment and fulfill employee           mengikutsertakan karyawan pada berbagai kegiatan pelatihan
 hak-hak karyawan.                                                            rights.                                                                     terkait keberlanjutan.
 Target yang Ingin Dicapai                                                    Targets to Achieve
 • Peningkatan peserta pelatihan serta program pengembangan                   • Increase the number of participants of the training and employee          Meski demikian, upaya mitigasi risiko berhasil menjaga                 However, risk mitigation efforts successfully maintained
   kompetensi karyawan; dan                                                     competency development programs; and                                      performa Perseroan tetap berdaya tahan, tanpa menimbulkan              the Company’s performance resilience, without causing
 • Remunerasi karyawan di atas tingkat upah minimum provinsi (UMP).           • Increase employee remuneration above the provincial minimum
                                                                                wage (UMP) level.
                                                                                                                                                          masalah yang berarti. Hal ini didukung oleh kemampuan                  significant issues. This is supported by the Company’s ability
                                                                                                                                                          Perseroan dalam melakukan berbagai langkah efisien yang                to take various measurable, efficient steps to create robust
 Kegiatan yang Dilakukan                                                      Activities Undertaken
                                                                                                                                                          terukur guna menciptakan ketahanan bisnis yang kuat.                   business resilience.
 • Menyelenggarakan program pengembangan kompetensi, baik oleh                • Organized competency development program, both by internal and
   pihak internal maupun eksternal; dan                                         external parties; and
 • Memonitor tingkat pemberian upah karyawan terhadap UMP.                    • Monitored the level of employee remuneration against the UMP.
 Pencapaian Target                                                            Targets Achieved
 • Program pengembangan kompetensi pada tahun 2023 mencapai 271               • Competency development programs in 2023 reached 271 programs
   program dengan peserta sebanyak 616 orang; dan                               with 616 participants; and
 • Kantor pemasaran Perseroan beroperasi memberikan imbalan atas              • The Company’s sales offices operate to provide rewards for employee
   jasa karyawan di atas upah minimum regional.                                 services above the regional minimum wage.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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           Keberlanjutan                                                                                                                                                                                                                                                                                                            Report




Ikhtisar Keberlanjutan                                                                                                                                                      Kinerja Sosial / Social Performance
                                                                                                                                                                            Kontribusi terhadap Masyarakat / Contribution to Community
Sustainability Overview
                                                                                                                                                                                       Edukasi dan Peningkatan Literasi Keuangan                                                          Pemeliharaan dan Pengembangan
                                                                                                                                                                                     Education and Development of Financial Literacy                                                       Preservation and Development


                                                                                                                                                                                  2023                         2022                          2021                              2023                          2022                            2021
Kinerja aspek keberlanjutan Perseroan dalam 3 tahun terakhir dibagi                     The Company’s sustainability performance within the last 3 years
dan dipertimbangkan dalam 3 aspek, yaitu kinerja ekonomi, sosial, dan                   is divided and considered into 3 aspects: economic, social, and                              5                            3                                7                               2                            2                              1
lingkungan hidup yang diuraikan sebagai berikut:                                        environmental performance, as described below:
                                                                                                                                                                                                        program / programs                                                                           program / programs

Kinerja Ekonomi / Economic Performance
                                                                                                                                                                                  Penerima Manfaat atas Kontribusi terhadap Masyarakat                                             Biaya Program Kontribusi terhadap Masyarakat
                                                                                                                                                                                       Beneficiaries of Contribution to Community                                                   Cost of Contribution to Community Programs
            Kuantitas Produksi atau Jasa yang Dijual                               Perseroan menjalankan bidang asuransi jiwa termasuk usaha                                                              (orang / persons)                                                                     (jutaan rupiah / million rupiah)

             Quantity of Products or Services Sold                                 asuransi jiwa dengan prinsip syariah serta bertindak sebagai pendiri
                                                                                   dan pengelola dana pensiun berdasarkan hukum yang berlaku
                                                                                   mengenai dana pensiun.                                                                        2023                                                                  917                    2023                                                                 401
           2023                     2022                     2021
                                                                                   The Company runs business in the field of life insurance, including
              42                      97                       111                 life insurance business with sharia principles, and acts as the                               2022                                                                  406                    2022                                                                 225
                                                                                   founder and manager of a pension fund based on the prevailing laws
                               produk / products                                   regarding pension funds.                                                                      2021                                                                   50                    2021                                                                  79



                                                                                                                                                                            Dampak Positif Pengembangan Kemasyarakatan / Positive Impacts of Community Development
                Pendapatan / Revenue                                                                       Laba Tahun Berjalan / Income for the Year
                                                                                                                                                                            Selama tahun 2023, Perseroan telah menyelenggarakan program literasi                      Throughout 2023, the Company organized financial literacy and inclusion
                                             (jutaan rupiah / million rupiah)                                                            (jutaan rupiah / million rupiah)   dan inklusi asuransi jiwa serta DPLK bagi masyarakat. Program tersebut                    programs related to life insurance and DPLK for the community. The
                                                                                                                                                                            memberikan dampak positif terhadap 917 peserta webinar, yang terdiri                      programs had a positive impact on 917 webinar participants, consisting of
                                                                                                                                                                            dari 604 peserta webinar asuransi jiwa dan 313 peserta webinar DPLK.                      604 life insurance webinar participants and 313 DPLK webinar participants.
      2023                                                    3.495.887                        2023                                                          126.488
                                                                                                                                                                            Kinerja Lingkungan Hidup / Environmental Performance
      2022                                                    3.521.147                        2022                                                          367.773
                                                                                                                                                                            Energi / Energy                                                                           Air / Water
      2021                                                    4.091.250                        2021                                                            73.824
                                                                                                                                                                                                   Penggunaan Energi Listrik                                                                           Penggunaan Air
                                                                                                                                                                                                    Electricity Consumption                                                                             Water Usage
                                                                                                                                                                                                                                                                                                               m3
Jumlah Pemasok / Number of Suppliers
                                                                                                                                                                                 2023                         284,77           gigajoule / 79.102 kWh                         2023                                                             561,00
                      Lokal                                                     Nasional                                                Internasional
                      Local                                                     National                                                International                            2022                         301,87           gigajoule / 83.853 kWh                         2022                                                             613,63

   2023              2022              2021                 2023                 2022              2021                  2023               2022                2021
                                                                                                                                                                                 2021                         463,68          gigajoule / 128.800 kWh                         2021                                                             348,39
     135               141               141                   40                 48                  47                    4                   4                  4

             perusahaan / companies                                    perusahaan / companies                                      perusahaan / companies                                               Intensitas Energi                                                                              Intensitas Air
                                                                                                                                                                                                       Electricity Intensity                                                                           Water Intensity
                                                                                                                                                                                      (gigajoule / jutaan Rupiah) / (gigajoule / million Rupiah)                                       (m3 / jutaan Rupiah) / (gigajoule / million Rupiah)


Fund Ramah Lingkungan / Environmentally Friendly Funds
                                                                                                                                                                                 2023                                                     0,000081                            2023                                                           0,000160

Perseroan berkomitmen untuk mendukung peningkatan kepemilikan portofolio investasi dengan prinsip ESG atau
investasi hijau melalui subdana Excellink Equity Bakti Peduli yang portofolionya mengacu pada saham-saham di indeks
                                                                                                                                                                                 2022                                                     0,000086                            2022                                                           0,000174
SRI-KEHATI* dan IDX ESG Leaders**, di mana per Desember 2023, Excellink Equity Bakti Peduli masih menjadi salah
satu subdana dengan total dana kelolaan tertinggi di MSIG Life.                                                                                                                  2021                                                     0,000113                            2021                                                           0,000085
The Company is committed to supporting the increase in investment portfolio ownership with ESG principles or green
investments through Excellink Equity Bakti Peduli sub-fund, whose portfolio refers to stocks in SRI-KEHATI* and IDX
ESG Leaders** indices, where as of December 2023, Excellink Equity Bakti Peduli remains one of the sub-funds with the
highest total assets under management in MSIG Life.                                                                                                                                  Biaya Lingkungan Hidup                                  Pengelolaan Limbah                                           Upaya Mengurangi Emisi
                                                                                                                                                                                       Environmental Cost                                    Waste Management                                           Efforts to Reduce Emissions

* Salah satu dari 37 indeks di Bursa Efek Indonesia yang mengukur kinerja harga        * One of the 37 indices on Indonesia Stock Exchange measuring the stock price          Pada tahun 2023, Perseroan melaksanakan               Pada tahun 2023, Perseroan telah berhasil              Perseroan berperan aktif dalam mendukung pengurangan
   saham dari 25 perusahaan tercatat yang memiliki kinerja yang baik dalam               performance of 25 listed companies that have good performance in encouraging                                                               mengurai limbah kertas sebanyak 11,88                  emisi CO2 melalui sosialisasi kepada karyawan dengan blast
                                                                                                                                                                              transplantasi 100 media terumbu karang dan
   mendorong usaha-usaha berkelanjutan, serta memiliki kesadaran terhadap                sustainable businesses and exhibit awareness of environmental, social, and GCG,                                                            ton dari hasil operasional sehari-hari, yang           email dan pembelian renewable energy certification (REC)
                                                                                                                                                                              penanaman 100 batang pohon mangrove                                                                          dari Kinect Energy Green Service oleh pemegang saham
   lingkungan hidup, sosial, dan GCG atau disebut Sustainable and Responsible            or known as Sustainable and Responsible Investment (SRI) and in collaboration        di Pulau Pramuka, Kepulauan Seribu                    dibuktikan dengan peraihan sertifikat dari
   Investment (SRI) dan bekerja sama dengan Yayasan Keanekaragaman Hayati                with the Indonesian Biodiversity Foundation (KEHATI Foundation).                                                                                                                                  pengendali, untuk mendukung energi terbarukan dan
                                                                                                                                                                              dengan total biaya yang disalurkan sebesar            PT Indoarsip Kertaskarya Buanasentosa.
                                                                                                                                                                                                                                                                                           pengurangan emisi CO2 di seluruh holding MS&AD.
   Indonesia (Yayasan KEHATI).
                                                                                                                                                                              Rp110.627.000,00.                                                                                            The Company plays an active role in supporting CO2 emission
** Indeks yang menggunakan pendekatan risiko ESG untuk memilih 30 saham dengan         ** Index that uses an ESG risk approach to select 30 stocks with the lowest risk.
   risiko terendah.                                                                                                                                                           In 2023, the Company carried out 100 coral            In 2023, the Company succeeded in                      reduction through dissemination to employees via blast
                                                                                                                                                                              reef transplantation and 100 mangrove tree            decomposing paper waste by 11.88 tons                  emails and the purchase of renewable energy certification
                                                                                                                                                                                                                                    from daily operations, as evidenced                    (REC) from Kinect Energy Green Service by the controlling
                                                                                                                                                                              planting on Pramuka Island, Seribu Islands,
                                                                                                                                                                                                                                    by the certification from PT Indoarsip                 shareholder, to support renewable energy and CO2 emission
                                                                                                                                                                              with a total allocation of Rp110,627,000.                                                                    reduction across MS&AD holding company.
                                                                                                                                                                                                                                    Kertaskarya Buanasentosa.




             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                                            PT MSIG Life Insurance Indonesia Tbk
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Penjelasan Presiden Direktur                                                                                                       Dengan menjadikan TPB sebagai pijakan strategis, Perseroan
                                                                                                                                   berkomitmen untuk terus berkontribusi dalam upaya
                                                                                                                                                                                                    to create a more sustainable, fair, and prosperous world for
                                                                                                                                                                                                    present and future generations.
Message from the President Director                                                                                                menciptakan dunia yang lebih berkelanjutan, adil, dan
                                                                                                                                   sejahtera bagi generasi masa kini dan masa depan.



                                                                                                                                   Tantangan dan Strategi Keberlanjutan                             Sustainability Challenges and Strategies
Para Pemangku Kepentingan yang Terhormat,                         Dear Stakeholders,
                                                                                                                                   Dalam mengimplementasikan nilai dan komitmen keberlanjutan       In implementing these sustainability values and commitments,
Puji dan syukur senantiasa dipanjatkan kepada Tuhan Yang          Praise and gratitude are always offered to God Almighty          tersebut, Perseroan dihadapkan pada berbagai tantangan,          the Company faces various challenges, both from economic,
Maha Esa atas segala pencapaian dan keberhasilan Perseroan        for all the achievements and successes of the Company            baik dari sisi ekonomi, sosial, maupun lingkungan. Dari aspek    social, and environmental aspects. From an economic
selama tahun 2023 yang menjadi momentum penting atas              throughout 2023, which serve as an important momentum for        ekonomi, dampak dari konflik geopolitik global, gangguan         perspective, the impacts of global geopolitical conflicts,
keselarasan antara keberlanjutan dan budaya perusahaan.           the alignment between sustainability and corporate culture.      terhadap rantai pasokan, inflasi tinggi di negara-negara         disruptions to supply chains, high inflation in major countries,
Melanjutkan kinerja yang sangat baik di tahun sebelumnya, di      Continuing the excellent performance of the previous year, in    besar, dan pertumbuhan ekonomi yang tertahan menciptakan         and stalled economic growth create widespread economic
tahun 2023 Perseroan kembali melanjutkan pengembangan             2023 the Company continued its development of sustainability     ketidakpastian ekonomi yang meluas di seluruh dunia,             uncertainty worldwide, including in Indonesia. Although
strategi dan inisiatif keberlanjutan yang telah dilakukan dalam   strategies and initiatives that had been implemented in recent   termasuk di Indonesia. Meskipun perekonomian Indonesia           Indonesia’s economy has shown positive growth, these
beberapa tahun terakhir. Di sepanjang tahun, Perseroan            years. Throughout the year, the Company remained focused         telah menunjukkan pertumbuhan yang positif, tantangan            challenges drive financial industry players, including life
terus berfokus pada penguatan aspek keberlanjutan dalam           on strengthening sustainability aspects in every operational     ini mendorong pelaku industri keuangan, termasuk asuransi        insurance, to adapt with effective investment strategies to
setiap aspek operasional dan pengembangan produk serta            aspect and product development, as well as integrating           jiwa, untuk beradaptasi dengan strategi investasi yang efektif   ensure sustainable and optimal business growth. Amidst these
mengintegrasikan nilai-nilai keberlanjutan dalam setiap           sustainability values into every strategic decision made. The    guna memastikan pertumbuhan bisnis yang berkelanjutan            challenges, the Company continues to strive for business
keputusan strategis yang diambil. Tantangan yang dihadapi,        challenges faced, strategic responses taken, achievements        dan optimal. Di tengah tantangan tersebut, Perseroan terus       performance optimization through appropriate investment
respons strategis yang diambil, pencapaian yang berhasil          successfully attained, and expected sustainability prospects     berupaya mengoptimalkan kinerja bisnis melalui manajemen         portfolio management and the development of healthy
diraih, serta prospek keberlanjutan yang diharapkan, dapat        are summarized as follows.                                       portofolio investasi yang tepat dan pengembangan produk          products with a focus on enhancing overall business capacity
dirangkumkan sebagaimana berikut.                                                                                                  yang sehat dengan fokus pada peningkatan kapasitas bisnis        to ensure a solid foundation for future business growth.
                                                                                                                                   secara menyeluruh untuk memastikan fondasi yang solid bagi
                                                                                                                                   pertumbuhan bisnis ke depan.
Nilai dan Komitmen terhadap                                       Value and Commitment to Sustainability
Keberlanjutan                                                                                                                      Dari aspek sosial, pergeseran minat dan kebutuhan finansial      From a social aspect, the shifting interests and increasingly
                                                                  Values and commitments to sustainability have now become         yang semakin dinamis, bersamaan dengan perubahan                 dynamic financial needs, along with demographic changes
Nilai dan komitmen keberlanjutan dewasa kini telah menjadi        a necessity and requirement in conducting responsible            demografis di pasar industri asuransi jiwa, mendorong seluruh    in the life insurance market, prompt all industry players to
sebuah keharusan dan kebutuhan dalam menjalankan kegiatan         business activities. The Company has a strong commitment         pelaku industri untuk menjadi tanggap dan adaptif dalam          be responsive and adaptive in anticipating these changes,
bisnis yang bertanggung jawab. Perseroan memiliki komitmen        to sustainability, not only in economic contexts but also        mengantisipasi perubahan ini, terutama dalam hal pelayanan       especially in terms of digital services to facilitate public access
yang kuat terhadap keberlanjutan, tidak hanya dalam konteks       in maintaining protection against future uncertainties.          digital untuk mempermudah akses masyarakat terhadap              to financial products. While this presents a positive outlook
ekonomi tetapi juga dalam menjaga perlindungan terhadap           Therefore, the Company consistently develops and implements      produk keuangan. Meskipun ini menjadi hal positif bagi           for future business potential, the Company is aware of the
risiko-risiko ketidakpastian masa depan. Oleh karena itu,         Sustainable Finance Action Plans (RAKB) that not only add        potensi bisnis di masa depan, namun Perseroan menyadari          accompanying risks, particularly in terms of cyber security
Perseroan senantiasa menyusun dan mengimplementasikan             value to customers but also to society and the environment.      risiko yang mengiringinya, khususnya dalam hal cyber security    related to customer data protection. Therefore, the Company
Rencana Aksi Keuangan Berkelanjutan (RAKB) yang tidak hanya       The implementation of RAKB is based on the Company’s             terkait perlindungan data nasabah. Oleh karena itu, Perseroan    is committed to meeting market needs by ensuring that the
memberikan nilai tambah bagi nasabah tetapi juga masyarakat       core values, such as focusing on customers to provide quality    berkomitmen untuk memenuhi kebutuhan pasar dengan                products offered align with the financial protection needs
dan lingkungan. Implementasi RAKB ini didasari oleh nilai-nilai   services, upholding integrity in every business step, working    memastikan produk yang ditawarkan sesuai dengan kebutuhan        of the public, while sustainably evaluating and developing
inti Perseroan, seperti fokus pada nasabah untuk memberikan       together as a team, innovating for continuous development,       proteksi finansial masyarakat, sambil secara berkelanjutan       existing digital ecosystems to provide optimal service to
layanan yang berkualitas, menjunjung tinggi integritas dalam      and conducting every activity with high professionalism.         melakukan evaluasi dan pengembangan terhadap ekosistem           customers. This encompasses upholding the confidentiality
setiap langkah bisnisnya, bekerja sama secara tim, berinovasi                                                                      digital yang ada untuk memberikan pelayanan yang optimal         of customer data and This encompasses upholding the
untuk terus berkembang, dan menjalankan setiap aktivitas                                                                           kepada nasabah. Hal ini juga termasuk menjaga kerahasiaan        confidentiality of customer data and providing relevant
dengan profesionalisme yang tinggi.                                                                                                data nasabah dan menyediakan informasi yang relevan terkait      information regarding financial protection to encourage
                                                                                                                                   proteksi finansial, guna mendorong pertumbuhan literasi dan      financial literacy and inclusion in society and to increase life
Dengan kombinasi nilai-nilai ini dan komitmen terhadap            With this combination of values and commitment to                inklusi keuangan di masyarakat serta meningkatkan penetrasi      insurance penetration in Indonesia.
keberlanjutan, Perseroan mengambil peran penting dalam            sustainability, the Company assumes a pivotal role in            asuransi jiwa di Indonesia.
mengelola risiko ketidakpastian masa depan, memberikan            managing future uncertainty risks, providing sustainable
manfaat yang berkelanjutan bagi seluruh pemangku                  benefits to all stakeholders, and maintaining a balance          Sedangkan dari aspek lingkungan, meskipun pandemi                Whereas, in the environmental aspect, although the
kepentingan,     serta  menjaga    keseimbangan      antara       between business interests and environmental sustainability.     Covid-19 telah berakhir dan memasuki fase transisi menuju        Covid-19 pandemic has ended and transitioned towards an
kepentingan bisnis dan keberlangsungan lingkungan. Selain         Additionally, the Company strongly supports the achievement      endemik, masalah polusi udara dan perubahan iklim yang           endemic phase, issues of air pollution and climate change
itu, Perseroan juga memberikan dukungan yang kuat terhadap        of the Sustainable Development Goals (SDGs) set by the           terasa semakin cepat di seluruh dunia pada tahun 2023            are increasingly felt worldwide in 2023, continuing to have
pencapaian Tujuan Pembangunan Berkelanjutan (Sustainable          government. By setting the SDGs a strategic foundation, the      terus memberikan dampak signifikan pada kehidupan sehari-        significant impacts on daily life. Amid these conditions, the
Development Goals/SDGs) yang dicanangkan pemerintah.              Company is committed to continuing to contribute to efforts      hari. Di tengah kondisi ini, Perseroan sebagai pelaku dalam      Company, as a player in the financial protection market,
                                                                                                                                   pasar proteksi finansial, terus mempertahankan komitmen          continues to uphold its commitment to support environmental
                                                                                                                                   untuk mendukung program pelestarian lingkungan yang              conservation programs initiated by the government. The




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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digagas oleh pemerintah. Langkah-langkah konkret telah           Company has implemented concrete steps to address these            akan pentingnya kepedulian terhadap lingkungan hidup, yang        the Company continues its commitment to supporting
diimplementasikan Perseroan untuk menghadapi tantangan           challenges, such as continuing programs to reduce paper            menjadi landasan bagi masa depan yang lebih baik. Sejalan         government initiatives to improve financial literacy through
ini, seperti melanjutkan program pengurangan penggunaan          and energy usage in office environments, developing digital        dengan itu, Perseroan juga terus mempertahankan komitmen          various webinar activities.
kertas dan energi di lingkungan kantor, mengembangkan            applications to monitor physical activity and health, and          dalam mendukung program pemerintah untuk meningkatkan
aplikasi digital untuk memantau aktivitas fisik dan kesehatan,   actively organizing CSR programs to raise public awareness         literasi keuangan melalui berbagai kegiatan webinar.
serta aktif mengadakan program-program CSR untuk                 about the importance of environmental conservation. The
meningkatkan kesadaran masyarakat akan pentingnya                implementation of these strategies is part of the Company’s        Sedangkan dari aspek lingkungan, Perseroan berkomitmen            Regarding environmental aspects, the Company is fully
menjaga lingkungan. Implementasi strategi ini merupakan          support to create a better future for the Earth while also         penuh dalam menjalankan program-program keberlanjutan             committed to executing sustainability programs aimed
bagian dari dukungan Perseroan untuk menciptakan masa            actively contributing to climate change risk mitigation.           yang bertujuan untuk melestarikan lingkungan, seperti             at environmental preservation. Collaborations with MSIG
depan bumi yang lebih baik sambil juga berperan aktif dalam                                                                         kolaborasi dengan MSIG Indonesia & Smiling Coral                  Indonesia & Smiling Coral have resulted in coral reef and
mitigasi risiko akibat perubahan iklim.                                                                                             menghasilkan program transplantasi media terumbu karang           mangrove transplantation programs in Jakarta, reflecting the
                                                                                                                                    dan pohon mangrove di Jakarta. Program ini menjadi                Company’s genuine concern for the environment, particularly
                                                                                                                                    bagian dari wujud nyata kepedulian Perseroan terhadap             in coastal areas. Efforts to minimize natural resource
Kinerja Keberlanjutan 2023                                       Sustainability Performance in 2023                                 lingkungan, terutama di daerah pesisir Jakarta. Perseroan         consumption include enhancing customer services through
                                                                                                                                    juga berupaya meminimalkan penggunaan sumber daya                 digital-based applications. Additionally, the Company’s
Implementasi strategi keberlanjutan yang efektif dan efisien     The Company has successfully achieved its performance for          alam dengan meningkatkan layanan kepada nasabah melalui           environmental commitment is evident in the implementation
mendorong Perseroan mampu mencatatkan pencapaian                 2023 through the effective and efficient implementation of         aplikasi berbasis digital. Selain itu, komitmen terhadap          of Environmental, Social, and Governance (ESG) programs and
kinerja tahun 2023 secara baik dan sesuai dengan roadmap         sustainable strategies, aligning with the previously established   kepedulian lingkungan tercermin dalam pelaksanaan program         the use of environmentally friendly materials in daily office
serta arah kebijakan Perseroan yang telah disusun sebelumnya.    roadmap and corporate policies. Despite challenges arising         Lingkungan, Sosial, dan Tata Kelola (Environmental, Social, and   operations. These sustainability programs have earned the
Dari aspek ekonomi, Perseroan mampu bertahan menghadapi          from global geopolitical conflicts, high inflation, and            Governance/ESG) dan penggunaan material ramah lingkungan          Company the Greenship Interior Space V.1.0 Certification from
tantangan yang muncul akibat konflik geopolitik global,          constrained economic growth, the Company has demonstrated          dalam operasional kantor sehari-hari. Program keberlanjutan       the Green Building Council Indonesia, achieving a GOLD rating,
inflasi tinggi, dan pertumbuhan ekonomi yang tertahan. Pada      resilience. In 2023, the Company recorded revenues of Rp3.50       ini membuat Perseroan berhasil mendapatkan Greenship              demonstrating the Company’s seriousness in supporting
tahun 2023, pendapatan Perseroan tercatat sebesar Rp3,50         trillion with income for the year of Rp126.49 billion, laying a    Interior Space V.1.0 Certification dari Green Building Council    sustainable green economic initiatives.
triliun dengan laba tahun berjalan sebesar Rp126,49 miliar, di   strong foundation for continuous improvement in its future         Indonesia dengan Peringkat GOLD sebagai bukti keseriusan
mana capaian ini memberikan landasan yang kuat untuk terus       performance.                                                       Perseroan dalam mendukung program ekonomi hijau yang
memperbaiki kinerja ke depannya.                                                                                                    berkelanjutan.


Perseroan juga telah berupaya untuk meningkatkan kualitas        The Company has also endeavored to enhance the quality             Dengan pencapaian kinerja keberlanjutan tersebut, Perseroan       With these sustainability performance achievements, the
penerapan manajemen risiko dalam proses evaluasi finansial       of risk management implementation in financial evaluations         akan terus mempertahankan dan meningkatkan komitmen               Company will continue to uphold and enhance its commitment
dalam rangka menjaga kondisi finansial Perseroan tetap           to maintain the Company’s financial condition at a highly          dalam melakukan evaluasi berkelanjutan dalam memastikan           to ongoing evaluations to ensure that all Corporate Social
berada pada level sangat aman serta merencanakan portofolio      secure level. This includes planning investment portfolios         bahwa seluruh RAKB diterapkan secara optimal untuk                Responsibility activities are optimally applied to deliver
investasi dan produk yang dapat memberikan imbal hasil           and products that offer optimal returns for clients and the        memberikan dampak positif yang maksimal bagi seluruh              maximum positive impact to all stakeholders.
terbaik bagi nasabah dan Perseroan. Selain itu, Perseroan        Company. Additionally, the Company remains committed to            pemangku kepentingan.
juga terus mendukung program realisasi iklim investasi hijau     supporting green investment initiatives by maintaining the
dengan mempertahankan portofolio Excellink Equity Bakti          Excellink Equity Bakti Peduli portfolio, which focuses on the
Peduli yang berfokus pada indeks SRI-KEHATI dan IDX ESG          SRI-KEHATI and IDX ESG Leaders indexes. This achievement           Prospek Keberlanjutan                                             Sustainability Prospects
Leaders sebagai salah satu portofolio dengan porsi yang          underscores the Company’s commitment to sustainable
paling tinggi dari total keseluruhan. Capaian ini menegaskan     investments and social and environmental responsibility.           Prospek keberlanjutan Perseroan ke depan menjanjikan              The Company’s future sustainability prospects promise
komitmen Perseroan terhadap investasi berkelanjutan dan                                                                             potensi pertumbuhan yang optimis. Tahun 2024 merupakan            optimistic growth potential. In 2024, the Company will focus
tanggung jawab sosial serta lingkungan.                                                                                             tahap implementasi lanjutan keuangan berkelanjutan                on the continued implementation of sustainable financial
                                                                                                                                    Perseroan, di mana fokus akan diberikan pada peningkatan          practices, emphasizing operational efficiency enhancements,
Dari aspek sosial, Perseroan telah melakukan langkah-langkah     From a social perspective, the Company has taken significant       efisiensi operasional, diversifikasi portofolio investasi,        investment portfolio diversification, and financial capacity
penting dalam mendukung budaya keberlanjutan. Hal ini            steps to promote a culture of sustainability. This includes the    dan penguatan kapasitas keuangan. Dari segi ekonomi,              strengthening. In terms of economics, opportunities exist to
termasuk penyusunan kerangka kerja dan komponen pelaksana        development of frameworks and implementation components            terdapat peluang untuk meningkatkan pendapatan dan laba           increase revenue and profit by optimizing effective investment
di dalamnya dengan melibatkan tim yang bertanggung jawab         involving teams responsible for sustainable management             dengan mengoptimalkan strategi investasi yang efektif.            strategies. Furthermore, social sustainability forms a crucial
langsung dalam pengelolaan berkelanjutan sesuai dengan           in accordance with existing roadmaps. The Company                  Selain itu, keberlanjutan sosial menjadi landasan penting         foundation for expanding market share through innovative
roadmap yang ada. Perseroan melibatkan komite pengawas           engages supervisory committees to ensure the effective             untuk memperluas pangsa pasar melalui pelayanan digital           digital services that meet the relevant financial protection
untuk memastikan penerapan RAKB berjalan dengan baik             implementation of Corporate Social Responsibility (CSR)            yang inovatif dan memenuhi kebutuhan proteksi finansial           needs of the public. On the environmental front, the
dan sesuai standar. Selain itu, Perseroan juga aktif dalam       programs and compliance with standards. Furthermore, the           masyarakat secara relevan. Di sisi lingkungan, komitmen           Company’s commitment to developing ESG programs and
mengembangkan pengetahuan dan kapasitas karyawan                 Company actively strengthens the expertise and skills of its       Perseroan dalam mengembangkan program ESG dan                     utilizing environmentally friendly materials will significantly
internal agar dapat lebih memahami dan menjalankan               internal staff to support the implementation of sustainability     menggunakan material ramah lingkungan akan memberikan             impact the Company’s reputation and support environmental
fungsi masing-masing untuk mendukung program-program             programs. The Company also conducts awareness campaigns            dampak positif yang signifikan pada reputasi Perseroan serta      conservation efforts. By maintaining a balanced approach
keberlanjutan yang sudah disusun. Perseroan juga mengadakan      to highlight the importance of environmental consciousness,        mendukung upaya pelestarian lingkungan. Dengan menjaga            between economic, social, and environmental aspects, the
program-program kampanye untuk meningkatkan kesadaran            laying the groundwork for a better future. Concurrently,           keseimbangan yang baik antara aspek ekonomi, sosial, dan          Company has promising sustainability prospects in achieving




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lingkungan, Perseroan memiliki prospek keberlanjutan
yang menjanjikan dalam mencapai pertumbuhan yang
                                                                      sustainable growth and delivering added value to all
                                                                      stakeholders.
                                                                                                                                      Tata Kelola Keberlanjutan
berkelanjutan dan memberikan nilai tambah bagi seluruh                                                                                Sustainability Governance
pemangku kepentingan.



Apresiasi                                                             Appreciation
                                                                                                                                      Penanggung Jawab Penerapan Keuangan                                        Person in Charge of the Implementation
Keberhasilan pencapaian kinerja keberlanjutan yang telah              The success of the Company’s sustainability performance         Berkelanjutan                                                              of Sustainable Finance
dicapai Perseroan tak lepas dari sinergi yang kuat antara             achievements is inseparable from the strong synergy among
berbagai pihak, baik di internal maupun eksternal. Oleh karena        various internal and external stakeholders. Therefore, please   Perseroan telah memiliki Unit Kerja khusus yang bertanggung                The Company has a special Work Unit responsible for preparing
itu, izinkan saya menyampaikan rasa apresiasi dan terima kasih        allow me to express my utmost appreciation and gratitude        jawab dalam penyusunan laporan aksi keuangan berkelanjutan,                sustainable finance action reports, consisting of the Corporate
yang sebesar-besarnya kepada seluruh pihak yang terlibat              to all parties involved in the Company’s business and value     yang terdiri dari Sekretaris Perusahaan, General Support,                  Secretary, General Support, Branding & Communication,
dalam rantai bisnis dan rantai nilai Perseroan. Dukungan, kerja       chain. The outstanding support, cooperation, and dedication     Branding & Communication, Human Capital, dan Corporate                     Human Capital, and Corporate Planning. Each work unit has
sama, dan dedikasi yang luar biasa dari seluruh pemangku              of all stakeholders have laid a solid foundation for the        Planning. Masing-masing Unit Kerja memiliki tugas dan                      the following duties and responsibilities:
kepentingan telah menjadi fondasi kokoh bagi kesuksesan               Company’s sustainable initiatives to have a more significant    tanggung jawab sebagaimana berikut:
langkah-langkah keberlanjutan Perseroan dalam memberikan              positive impact on all stakeholders, both current and future
dampak positif yang lebih besar bagi seluruh pemangku                 generations.                                                           Unit Kerja                                                     Tugas dan Tanggung Jawab
kepentingan saat ini dan generasi mendatang.                                                                                                 Work Unit                                                      Duties and Responsibilities

                                                                                                                                       Direktur                   Bertanggung jawab dalam pengelolaan RAKB secara keseluruhan.
                                                                                                                                       Director                   Responsible for the overall RAKB management.
                                                                                                                                                                  Menyusun laporan keberlanjutan Perseroan dengan menerapkan fungsi pengawasan terhadap pelaksanaan RAKB dan
                                                                                                                                       Sekretaris Perusahaan      melakukan koordinasi dengan pihak otoritas terkait pelaporan dokumen.
                                                                                                                                       Corporate Secretary        To prepare the Company’s sustainability report by implementing a supervisory function over RAKB implementation
                                                                                                                                                                  and coordinating with authorities related to document reporting.
                                                          Atas nama Direksi                                                                                       Menjalankan tugas dan tanggung jawab dalam rangka aktivitas yang mendukung upaya keberlanjutan lingkungan di kantor.
                                                                                                                                       General Support            To carry out duties and responsibilities within the framework of activities that support environmental sustainability
                                                  On behalf of the Board of Directors
                                                                                                                                                                  efforts in the office.
                                                 PT MSIG Life Insurance Indonesia Tbk,
                                                                                                                                                                  Menyusun dan mengimplementasikan program RAKB yang berkaitan dengan kegiatan CSR.
                                                                                                                                       Corporate Communication
                                                                                                                                                                  To develop and implement RAKB programs related to CSR activities.
                                                                                                                                                                  Melakukan tinjauan atas pelaksanaan kegiatan dan menjalankan program yang ditujukan untuk karyawan.
                                                                                                                                       Human Capital
                                                                                                                                                                  To review the implementation of activities and run programs aimed at employees.
                                                                                                                                                                  Menyusun laporan keberlanjutan sekaligus mengawasi kegiatan RAKB telah sesuai dengan strategi Perseroan.
                                                                                                                                       Corporate Planning
                                                                                                                                                                  To prepare sustainability report and oversee RAKB activities in accordance with the Company’s strategy.




                                                              Wianto                                                                  Pengembangan Kompetensi terkait                                            Competency Development related to
                                                          Presiden Direktur                                                           Keuangan Berkelanjutan                                                     Sustainable Finance
                                                          President Director

                                                                                                                                      Sepanjang tahun 2023, Unit Kerja penanggung jawab                          Throughout 2023, the Work Units in charge of implementing
                                                                                                                                      penerapan keuangan keberlanjutan telah mengikuti program                   sustainable finance participated in the following competency
                                                                                                                                      pengembangan kompetensi terkait aspek keberlanjutan                        development programs related to sustainability aspects:
                                                                                                                                      sebagai berikut:


                                                                                                                                                                                Materi                                                     Tanggal             Penyelenggara
                                                                                                                                                                                Material                                                    Date                 Organizer

                                                                                                                                       Edukasi Green Investment dan Informasi mengenai Dana Investasi Berbasis ESG, Excellink Equity
                                                                                                                                       Bakti Peduli                                                                                         Januari                Perseroan
                                                                                                                                       Green Investment Education and Information on ESG-Based Investment Funds, Excellink Equity           January               The Company
                                                                                                                                       Bakti Peduli
                                                                                                                                       Penerbitan Employee Newsletter mengenai Green Office, Green Living, dan Transplantasi Terumbu
                                                                                                                                                                                                                                                                   Perseroan
                                                                                                                                       Karang                                                                                                April
                                                                                                                                                                                                                                                                  The Company
                                                                                                                                       Publishing Employee Newsletter on Green Office, Green Living, and Coral Reef Transplantation
                                                                                                                                                                                                                                                           Perseroan, MSIG Indonesia,
                                                                                                                                       Workshop Transplantasi Terumbu Karang bersama Jurnalis                                              Oktober             dan Smiling Coral
                                                                                                                                       Workshop on Coral Reef Transplantation with Journalists                                             October            The Company, MSIG
                                                                                                                                                                                                                                                          Indonesia, and Smiling Coral
                                                                                                                                       Penerbitan Customer Newsletter mengenai Edukasi dan Informasi Transplantasi Terumbu Karang        September -               Perseroan
                                                                                                                                       Publication of Customer Newsletter on Coral Reef Transplantation Education and Information         November                The Company




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Kegiatan Membangun Budaya Keberlanjutan                                  Building a Sustainability Culture                                    Pemangku
                                                                                                                                                                      Metode Pelibatan                      Ruang Lingkup Keterlibatan                     Frekuensi Pertemuan
                                                                                                                                             Kepentingan
                                                                                                                                                                     Engagement Method                         Engagement Scope                             Meeting Frequency
                                                                                                                                             Stakeholder
Sepanjang tahun 2023, Human Capital telah melaksanakan                   Throughout 2023, Human Capital implemented various
berbagai program yang mendukung realisasi budaya                         programs supporting the realization of a sustainability culture     Pemerintah      • Menyampaikan Laporan Keuangan,             • Memastikan pemenuhan terhadap          • Pertemuan secara berkala atau sesuai
keberlanjutan di Perseroan, sebagaimana dijelaskan berikut ini:          within the Company, as outlined below:                              dan Regulator     Laporan    Tahunan, dan Laporan              seluruh peraturan terkait yang           kebutuhan.
                                                                                                                                                               Keberlanjutan.                               berlaku.                               • Pembayaran kewajiban sesuai waktu
1. Melanjutkan pelaksanaan program pelatihan manajemen                   1. Continue implementing risk management training                                   • Membayar kewajiban kepada pihak            • Membayar kewajiban kepada pihak          yang ditetapkan.
   risiko serta berbagai program pelatihan dan sertifikasi bagi              programs as well as various training and certification                            berwenang.                                   yang berwenang.                        • Pelaporan setiap tahun atau sesuai
   jajaran manajemen, pimpinan, juga para pemangku fungsi                    programs for management, leaders, as well as key position                                                                                                               kebutuhan.

   jabatan, sesuai dengan kompetensi yang dibutuhkan;                        holders, according to the required competencies;                Government      • Submitting     Financial    Statements,    • Ensuring compliance with all           • Conducting meeting periodically or as
                                                                                                                                             and               Annual Reports, and Sustainability           relevant applicable regulations.         needed.
2. Melanjutkan penerapan sistem kerja dual fungsi, yaitu                 2. Continue implementing a dual-function work system,               Regulators        Reports.                                   • Paying     obligations    to     the   • Paying obligations at specified time.
   Work from Anywhere (WFA) dan Work from Office (WFO)                       namely Work from Anywhere (WFA) and Work from                                   • Paying obligations to the authorities.       authorities.                           • Reporting annually or as needed.
   dengan proporsi yang terjadwal guna mendukung                             Office (WFO), with scheduled proportions to support the         Karyawan        • Melakukan       pengukuran  kinerja        • Mengadakan pengelolaan sumber          Sepanjang tahun atau sesuai rencana
   pengurangan emisi karbon dari armada transportasi;                        reduction of carbon emissions from transportation fleets;                         karyawan.                                    daya manusia yang sesuai dengan        pelaksanaan program.
                                                                                                                                                             • Menyediakan sarana pengaduan bagi            peraturan yang berlaku.
3. Membangun kesadaran karyawan terkait keamanan siber;                  3. Build employee awareness regarding cybersecurity;                                  karyawan.                                  • Menyediakan sarana dan/atau
4. Membatasi penggunaan listrik dengan menerapkan                        4. Restricting electricity usage by implement-ing lights-                           • Mengikutsertakan karyawan terhadap           prasarana terkait kesehatan.
   pemadaman lampu di jam istirahat serta sentralisasi area                  out during breaks and centralizing areas if overtime is                           kegiatan pelatihan.                        • Mengadakan kegiatan pelatihan
                                                                                                                                                                                                            dan promosi atau mutasi jabatan.
   jika diperlukan lembur;                                                   required;
                                                                                                                                             Employees       • Conducting employee performance            • Organizing      human      resource    Throughout the year or according to the
5. Menyediakan program kepada karyawan untuk                             5. Providing programs to employees to en-hance sustainable                            measurements.                                management in accordance with          program plan.
   meningkatkan sustainable well-being, di antaranya                         well-being, including an Employee Assistance Program;                           • Providing employees with complaint           applicable regulations.
   Employee Assistance Program;                                                                                                                                channel.                                   • Providing      facilities    and/or
                                                                                                                                                             • Involving   employees  in  training          infrastructure related to health.
6. Peningkatan kesadaran hidup sehat dengan melaksanakan                 6. Increasing awareness of healthy living by organizing                               activities.                                • Organizing training activities and
   berbagai kegiatan olahraga bersama dan Sport Day                         various sports activities and a Sports Day Competition; and                                                                     job promotions or transfers.
   Competition; serta                                                                                                                        Nasabah         • Melakukan survei kepuasan nasabah.         Memastikan produk dan layanan yang       Sepanjang tahun atau sesuai kebutuhan.
7. Melaksanakan talkshow pemberdayaan wanita di dalam                    7. Conducting talk shows on women’s em-powerment within                             • Menyediakan akses informasi berupa         disediakan sesuai dengan kebutuhan
                                                                                                                                                               situs web dan media sosial.                nasabah.
   organisasi.                                                              the organization.                                                                • Menyediakan sarana pengaduan bagi
                                                                                                                                                               nasabah.
Hubungan dengan Pemangku Kepentingan                                     Relationship with Stakeholders                                      Customers       • Conducting    customer      satisfaction   Ensuring that products and services      Throughout the year or as needed.
                                                                                                                                                               survey.                                    provided are in line with customer
                                                                                                                                                             • Providing access to information in the     needs.
Keterlibatan pemangku kepentingan dalam operasional                      The involvement of stakeholders in the Company’s operations                           form of websites and social media.
Perseroan diarahkan pada kepentingan perusahaan yang                     is directed at the Company’s interests based on social and                          • Providing customers with complaint
berlandaskan tanggung jawab sosial dan lingkungan, dengan                environmental responsibilities, while still paying attention                          facilities.

tetap memperhatikan skala prioritas dalam menciptakan                    to the priority scale in creating reliable communication. In        Masyarakat      Melaksanakan       berbagai   program        • Melibatkan masyarakat dalam            Sesuai rencana pelaksanaan atau sesuai
                                                                                                                                                             pengembangan       dan    pemberdayaan         program    pengembangan      dan       kebutuhan.
komunikasi yang andal. Dengan begitu, hubungan saling                    this way, the interdependence between the Company and                               masyarakat.                                    pemberdayaan masyarakat yang
ketergantungan antara Perseroan dan pemangku kepentingan                 stakeholders requires special attention to build harmonious                                                                        diselenggarakan Perseroan.
memerlukan perhatian khusus guna membangun kerja sama                    and strategic cooperation.                                                                                                       • Memberikan kesempatan kerja.

yang harmonis dan strategis.                                                                                                                 Community       Implementing community development           • Involving the community in             According to the plan or as needed.
                                                                                                                                                             and empowerment programs.                      community      development   and
                                                                                                                                                                                                            empowerment programs organized
Berdasarkan hasil Focus Group Discussion (FGD), Perseroan                Based on the Focus Group Discussion (FGD) results, the                                                                             by the Company.
telah mengidentifikasi dan mengelompokkan berbagai                       Company has identified and grouped various stakeholders as                                                                       • Creating              employment
                                                                                                                                                                                                            opportunities.
pemangku kepentingan sebagaimana berikut:                                follows:
                                                                                                                                             Media Massa     • Melaksanakan media gathering.              Menyediakan infromasi secara jujur       Sesuai kebutuhan.
                                                                                                                                                             • Memutakhirkan informasi pada situs         dan transparan.
  Pemangku                                                                                                                                                     web dan media sosial Perseroan.
                          Metode Pelibatan                    Ruang Lingkup Keterlibatan                    Frekuensi Pertemuan
 Kepentingan                                                                                                                                 Mass Media      • Conducting media gathering.                Providing honest and transparent         As needed.
                         Engagement Method                       Engagement Scope                            Meeting Frequency
 Stakeholder                                                                                                                                                 • Updating information on the Company’s      information.
                                                                                                                                                               website and social media.
 Pemegang        • Menyelenggarakan       Rapat  Umum       • Menyusun strategi dalam upaya          • Pelaksanaan RUPS Tahunan setiap
 Saham dan         Pemegang Saham (RUPS) Tahunan dan          meningkatkan      kinerja   dan          tahun dan RUPS Luar Biasa sesuai
 Direktur          Luar Biasa.                                keberlanjutan usaha.                     kebutuhan.
                 • Menyampaikan Laporan Tahunan dan         • Melakukan      kegiatan   usaha        • Pelaporan setiap tahun atau sesuai
                   Laporan Keberlanjutan.                     yang     memperhatikan    aspek          kebutuhan.
                 • Menyediakan akses informasi berupa         keberlanjutan.
                   situs web serta media sosial.
 Shareholders    • Organizing Annual General Meeting of     • Developing strategies to improve       • Implementing Annual GMS once a year
 and Board of      Shareholders (GMS) and Extraordinary       business      performance      and       and Extraordinary GMS as needed.
 Directors         GMS.                                       sustainability.                        • Reporting annually or as needed.
                 • Submitting     Annual    Report    and   • Conducting business activities
                   Sustainability Report.                     that pay attention to sustainability
                 • Providing access to information in the     aspects.
                   form of website and social media.




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 Pemangku
Kepentingan
                          Metode Pelibatan
                         Engagement Method
                                                                Ruang Lingkup Keterlibatan
                                                                   Engagement Scope
                                                                                                             Frekuensi Pertemuan
                                                                                                              Meeting Frequency
                                                                                                                                               Keberlanjutan Aspek Ekonomi
Stakeholder
                                                                                                                                               Economic Sustainability
Pemasok          • Melakukan kerja sama yang adil dan         • Merumuskan       dan    memenuhi      Sepanjang tahun atau sesuai kebutuhan.
                   transparan sesuai dengan peraturan           kontrak kerja sama.
                   dan kontrak kerja yang berlaku.            • Melakukan seleksi pemasok.
                 • Membangun hubungan kerja yang              • Melakukan evaluasi setiap tahun.
                   harmonis dengan mitra kerja.
                 • Meningkatkan       dan      mendorong                                                                                       Di tengah tantangan bisnis yang kian dinamis, Perseroan          In the midst of increasingly dynamic business challenges, the
                   kemampuan pemasok/vendor untuk
                   mengevaluasi      proses    pengadaan                                                                                       terus berfokus untuk membangun fundamental usaha yang            Company continues to focus on building solid and sustainable
                   barang/jasa secara berkala guna                                                                                             kokoh dan berkelanjutan. Hal ini didasarkan pada semangat        business fundamentals. This is based on the spirit of realizing
                   memastikan implementasinya telah                                                                                            realisasi ekonomi hijau yang dicanangkan oleh pemerintah, di     a green economy advocated by the government, where social
                   berjalan dengan efektif dan efisien
                   serta memenuhi syarat yang ditentukan,                                                                                      mana kesejahteraan dan kesetaraan sosial serta manajemen         welfare and equality as well as environmental management
                   di antaranya terkait dengan kualitas                                                                                        lingkungan menjadi bahan pertimbangan lain dalam setiap          are among other considerations in every decision-making
                   pekerjaan dan layanan yang diberikan.                                                                                       pengambilan keputusan. Pertimbangan tersebut menjadi             process. These considerations become a reference for the
                   Hal ini bertujuan untuk memastikan
                   mutu, transparansi, dan juga perbaikan                                                                                      acuan performa Perseroan yang tercerminkan melalui               Company’s performance, reflected through various innovative
                   berkelanjutan dalam hubungan antara                                                                                         berbagai jenis produk dan layanan perlindungan kesehatan         and competitive health protection products and services.
                   pemasok dan Perseroan.                                                                                                      yang inovatif dan berdaya saing.
Supplier         • Cooperating fairly and transparently in    • Formulating       and    fulfilling
                   accordance with applicable regulations       cooperation contracts.                Throughout the year or as needed.
                   and work contracts.                        • Selecting supplier.
                 • Building       harmonious       working    • Conducting evaluations annually.                                               Pencapaian Target dan Realisasi                                  Target Achievement and Realization
                   relationships with business partners.
                 • Improving and encouraging the
                   capabilities of suppliers/vendors to                                                                                        Perseroan senantiasa menjalankan proses evaluasi pencapaian      The Company consistently conducts periodic evaluations of
                   periodically evaluate procurement                                                                                           target secara berkala, baik bulanan, triwulanan, semesteran,     achievement targets, either monthly, quarterly, semi-annually,
                   processes      to   ensure     effective                                                                                    maupun tahunan, mulai dari unit kerja hingga level direktorat.   or annual assessments, starting from the work unit to the
                   and       efficient     implementation
                   and     compliance     with    specified                                                                                    Hasil pemantauan dan evaluasi tersebut dijadikan masukan         directorate level. The monitoring and evaluation results serve
                   requirements, including quality of work                                                                                     sekaligus bahan pertimbangan untuk menilai keberhasilan          as inputs and considerations to assess success and/or improve
                   and services provided. This is aimed                                                                                        dan/atau memperbaiki strategi di masa yang akan datang.          strategies in the future.
                   at ensuring quality, transparency,
                   and continuous improvement in the
                   relationship between suppliers and the                                                                                      Pencapaian Target yang Sejalan dengan Prinsip                    Targets Achieved in Line with Sustainable Principles
                   Company.                                                                                                                    Berkelanjutan pada Instrumen Keuangan                            on Financial Instruments
                                                                                                                                               Perseroan berkomitmen untuk mendukung peningkatan                The Company is committed to supporting the increase in
                                                                                                                                               kepemilikan portofolio investasi dengan prinsip ESG atau         investment portfolio ownership with ESG principles or green
                                                                                                                                               investasi hijau melalui subdana Excellink Equity Bakti Peduli    investments through Excellink Equity Bakti Peduli sub-fund,
                                                                                                                                               yang portofolionya mengacu pada saham-saham di indeks            whose portfolio refers to stocks in SRI-KEHATI* and IDX ESG
                                                                                                                                               SRI-KEHATI* dan IDX ESG Leaders**, di mana per Desember          Leaders** indices, where as of December 2023, Excellink
                                                                                                                                               2023, Excellink Equity Bakti Peduli masih menjadi salah satu     Equity Bakti Peduli remains one of the sub-funds with the
                                                                                                                                               subdana dengan total dana kelolaan tertinggi di Perseroan.       highest total assets under management in the Company.


                                                                                                                                               Excellink Equity Bakti Peduli merupakan fund unggulan            Excellink Equity Bakti Peduli is a flagship fund with the largest
                                                                                                                                               dengan tingkat portofolio terbesar dibandingkan fund jenis       portfolio compared to other types of funds. This is evidence of
                                                                                                                                               lainnya. Hal tersebut menjadi bukti komitmen Perseroan dalam     the Company’s commitment to supporting sustainable finance
                                                                                                                                               mendukung realisasi keuangan berkelanjutan di Indonesia,         realization in Indonesia, by inviting customers to participate in
                                                                                                                                               dengan mengajak nasabah untuk turut serta berkontribusi          contributing to a sustainable future.
                                                                                                                                               untuk masa depan yang berkelanjutan.




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                                                            (disajikan dalam miliar Rupiah, kecuali dinyatakan lain / expressed in billion Rupiah, unless specified otherwise)
                                                                                                                                                                                 Keberlanjutan Aspek Sosial
                        Uraian                                2023               2022               2021                               Description
                                                                                                                                                                                 Social Sustainability
 Total Aset Investasi                                        13.209             13.146             13.794                                      Total Investment Assets
 Excellink Equity Bakti Peduli                                   678              1.049              1.705                                Excellink Equity Bakti Peduli
 Persentase dari Total Aset Investasi Perseroan
                                                                5,13               7,98              12,36               Percentage of Total Investment Assets (%)
 (%)

* 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-         Seiring dengan berjalannya waktu, perwujudan keberlanjutan      As time goes by, the realization of sustainability is not
   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).                                                                                                              tidak hanya semata-mata berkorelasi dengan praktik-             only correlated with sustainable business practices but
** Indeks yang menggunakan pendekatan risiko ESG untuk memilih 30 saham dengan risiko terendah.
* 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           praktik bisnis yang berkelanjutan melainkan disertai            also accompanied by a deep commitment to various social
   businesses and exhibit awareness of environmental, social, and GCG, or known as Sustainable and Responsible Investment (SRI) and in collaboration with the Indonesian         komitmen mendalam terhadap berbagai aspek sosial yang           aspects that shape the core of humanity. As an integral part
   Biodiversity Foundation (KEHATI Foundation).
** Index that uses an ESG risk approach to select 30 stocks with the lowest risk.                                                                                                membentuk inti kemanusiaan. Sebagai bagian integral             of the sustainability journey, the Company is committed
                                                                                                                                                                                 dari perjalanan berkelanjutan, Perseroan berkomitmen            to managing, understanding, and improving social aspects
                                                                                                                                                                                 untuk mengelola, memahami, dan meningkatkan aspek               comprehensively. This serves as an important milestone
Distribusi Nilai Ekonomi                                                                  Economic Value Distribution                                                            sosial secara komprehensif. Hal tersebut menjadi tonggak        in the Company’s business development by always being
                                                                                                                                                                                 penting pembangunan usaha Perseroan dengan senantiasa           responsible to customers, employees, communities,
Keberlangsungan usaha Perseroan tidak hanya menghimpun                                    The Company’s business sustainability is not only to                                   bertanggung jawab terhadap nasabah, karyawan, masyarakat,       and other stakeholders.
nilai keuangan untuk mengejar profitabilitas semata, melainkan                            accumulate financial value for profitability but also to provide                       dan pemangku kepentingan lainnya.
juga untuk memberikan manfaat ekonomi bagi pemangku                                       economic benefits to stakeholders. The Company distributes
kepentingan. Perseroan mendistribusikan nilai ekonomi melalui                             economic value through various methods appropriate to the
berbagai metode, sesuai dengan hubungan yang tercipta                                     relationships created with each stakeholder group.                                     Tanggung Jawab terhadap Nasabah                                 Responsibility for Customers
dengan masing-masing kelompok pemangku kepentingan.
                                                                                                                                                                                 Perseroan berkomitmen untuk senantiasa peduli terhadap          The Company is committed to always caring for its customers
                                                                                                               (disajikan dalam jutaan Rupiah / expressed in million Rupiah)     nasabah dengan memberikan kepuasan melebihi harapan,            by providing satisfaction beyond expectations, providing equal
                                                                                                                                                                                 memberikan pelayanan yang setara kepada seluruh nasabah,        services to all customers, and ensuring the accuracy of product
                        Uraian                                2023               2022               2021                               Description
                                                                                                                                                                                 serta menjamin keakuratan informasi produk yang dihasilkan.     information. The Company constantly develops digital-based
 Nilai Ekonomi Langsung yang Dihasilkan                     3.637.612         3.071.878           4.073.489                      Direct Economic Value Generated                 Perseroan hadir dengan melakukan pengembangan produk            products and services in the form of applications that are
 Penerimaan dari Premi, Ujrah, Komisi
                                                            2.907.173         2.590.739           3.919.405
                                                                                                                        Income from Premiums, Ujrah, Reinsurance                 dan layanan berbasis digital dalam bentuk aplikasi yang mudah   easily accessible anytime and anywhere. These services are
 Reasuransi dan Klaim, serta Lain-lain                                                                                        Commission and Claims, and Others
                                                                                                                                                                                 untuk diakses kapan dan di mana saja. Pelayanan tersebut        expected to meet customer needs and enhance customer
 Hasil Investasi                                              728.770            478.061            149.195                                          Investment Return           diharapkan dapat memenuhi kebutuhan serta meningkatkan          loyalty while ensuring the confidentiality of customer data as
 Penerimaan atas Penjualan Aset Tetap                            1.669              3.078              4.889                              Income on Fixed Asset Sales            loyalitas nasabah, dengan tetap menjamin kerahasiaan data       a top priority.
 Nilai Ekonomi yang Didistribusikan                         4.175.624         4.006.857           3.567.901                              Economic Value Distributed              nasabah sebagai hal yang utama.
 Pembayaran untuk Klaim dan Manfaat                         2.575.703         3.041.318           2.365.222                           Payment of Claims and Benefits
 Beban Operasi                                                420.636            308.509            268.629                                         Operating Expenses           Komitmen Pelayanan yang Setara                                  Equal Service Commitment
 Komisi dan Tunjangan Agen                                    767.346            508.919            374.603                      Agent Commissions and Allowances                Perseroan selalu berupaya memberikan jaminan keamanan dan       The Company consistently provides security assurance
 Premi Reasuransi                                              17.698             51.516              10.424                                    Reinsurance Premiums             pelayanan yang setara dalam setiap tahap hubungan dengan        and equal services at every stage of the relationship with
 Imbalan Kerja Karyawan                                            837              1.965                699                                         Employee Benefits           nasabah, sejak proses penawaran produk hingga pengajuan         customers, from product offering process to claim submission.
 Biaya Perolehan Aset Tetap                                      2.137              5.563             16.466                          Acquisition Cost of Fixed Assets           klaim. Hal tersebut mencakup pemahaman mendalam terhadap        This includes a deep understanding of prospective customers’
 Biaya Perolehan Aset Tak Berwujud                               8.826              5.914              4.026                    Acquisition Cost of Intangible Assets            kebutuhan calon nasabah, memberikan informasi yang jelas dan    needs, providing clear and transparent information, and
 Pembayaran Dividen                                           371.700             71.400            510.300                                           Dividend Payment           transparan, serta memberikan kemudahan akses ke berbagai        facilitating easy access to the Company’s various services.
 Pembayaran Liabilitas Sewa                                    10.741             11.753              17.532                              Payment of Lease Liabilities           layanan Perseroan. Komitmen ini juga telah dilengkapi dengan    This commitment is also complemented by the Company’s
 Nilai Ekonomi yang Ditahan                                 (538.012)          (934.979)            505.588                                 Economic Value Retained              pedoman pengaduan nasabah milik Perseroan sebagaimana           customer complaint guidelines, which have been ratified since
                                                                                                                                                                                 telah disahkan sejak tanggal 31 Mei 2022.                       May 31, 2022.


                                                                                                                                                                                 Inovasi dan Pengembangan Produk dan/atau Jasa                   Innovation and Development of Products
                                                                                                                                                                                                                                                 and/or Services
                                                                                                                                                                                 Perseroan terus menghadirkan produk dan jasa terbaik untuk      The Company continues to provide the best products and
                                                                                                                                                                                 nasabah. Salah satu produk inovatif yang menjadi unggulan       services for its customers. One of the innovative flagship
                                                                                                                                                                                 adalah asuransi kesehatan yaitu SMiLe Medika Ultimax yang       products is Smile Medika Ultimax health insurance, offering
                                                                                                                                                                                 memberikan beragam manfaat dan fitur bagi nasabah saat          various benefits and features for customers during
                                                                                                                                                                                 harus dirawat inap. Dilengkapi dengan aplikasi digital untuk    hospitalization. Equipped with a digital application called




             PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                                                PT MSIG Life Insurance Indonesia Tbk
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nasabah bernama VEGA by MSIG Life, nasabah dapat semakin         VEGA by MSIG Life, customers can easily access policy              Sarana Pengaduan Nasabah                                                    Customer Complaint Channel
leluasa mengakses informasi polis, mengajukan dan memantau       information, file and monitor claims, top-up premiums              Perseroan telah menyediakan media pengaduan, termasuk                       The Company has provided customers with channel to file
klaim, membayar premi top-up melalui berbagai channel            through various payment channels, conduct financial                saran dan kritik, bagi nasabah atas produk dan/atau layanan                 complaints, including suggestions and criticisms, regarding
pembayaran, melakukan transaksi finansial, dan membayar          transactions, and pay hospital bills using e-cards. The            jasa serta hal lainnya yang berkaitan dengan kegiatan usaha                 products and/or services and other matters relating to
tagihan rumah sakit menggunakan e-card. Inovasi dari situs       innovation of the myhealthriskscore.com website and the            melalui:                                                                    business activities through:
web myhealthriskscore.com dan aplikasi MyFit+ juga hadir         MyFit+ application also reflects the company’s commitment to
sebagai komitmen Perseroan mendampingi gaya hidup sehat          supporting the healthy lifestyle of the Indonesian community
masyarakat Indonesia secara mudah, gratis dan menyenangkan.      in an easy, free, and enjoyable manner. In addition, through
                                                                                                                                                                                                     (021) 5060 9999                  Senin-Jumat / Monday-Friday
Selain itu, melalui fund Excellink Equity Bakti Peduli sebagai   Excellink Equity Bakti Peduli fund as a sustainability fund, the                                                   Customer Care
                                                                                                                                                                                                     (021) 2650 8300                  08.00 s/d 17.00 WIB / 8 AM to 5 PM GMT+7
fund keberlanjutan, mendorong masyarakat untuk turut serta       Company encourages the public to take part in protecting the
                                                                                                                                                                                                                                      Senin-Jumat / Monday-Friday
menjaga lingkungan dengan keunggulan produk peduli bumi.         environment with excellent earth-friendly products.                                                                Whatsapp         088 1234 1088
                                                                                                                                                                                                                                      08.00 s/d 17.00 WIB / 8 AM to 5 PM GMT+7

                                                                                                                                           Sinarmas MSIG Tower Lt. 6                                 www.msiglife.co.id
Dampak Produk dan/atau Jasa                                      Impact of Products and/or Services                                                                                 Situs Web
                                                                                                                                           Jl. Jend. Sudirman Kav. 21                                dengan memilih menu “Hubungi Kami” / by clicking on menu “Contact Us”
Produk maupun jasa yang ditawarkan Perseroan mendapatkan         The products and services offered by the Company have                       Jakarta Selatan 12920                                   Nasabah Perorangan /             Nasabah Asuransi Kumpulan / Corporate
respons positif di mata nasabah. Respons ini dirasakan secara    received positive responses from customers. This response                                                          Email            Individual Customers             Customers
                                                                                                                                                                                                     cs@msiglife.co.id                groupcs@msiglife.co.id
langsung maupun tidak langsung melalui penambahan polis          is felt directly and indirectly through the addition of policies
dari produk unggulan yang telah diluncurkan, yaitu SMiLe         from the flagship product launched, SMiLe Medika Ultimax,
Medika Ultimax, yang memberikan kontribusi penambahan            which contributed the highest increase in policies compared
polis tertinggi dibandingkan produk lainnya sepanjang            to other products throughout 2023, totaling 15,500 new             Selain itu, guna memastikan semua keluhan yang diterima                     Furthermore, to ensure that all complaints are received and
tahun 2023, yaitu sebanyak 15.500 polis baru. Hal ini turut      policies. This is also influenced by the increasing awareness      dapat ditangani dengan baik, Perseroan telah menetapkan                     properly handled, the Company has established procedures
dipengaruhi oleh meningkatnya kesadaran masyarakat akan          among the public regarding the importance of financial             prosedur dan Service Level Agreement (SLA) sebagai berikut:                 and Service Level Agreement (SLA) as follows:
pentingnya perencanaan finansial dan asuransi jiwa.              planning and life insurance.
                                                                                                                                                                                                      Nasabah
Evaluasi Produk dan/atau Jasa                                    Evaluation of Products and/or Services                                                                                              Customers
Setelah produk dan/atau layanan disampaikan kepada               After products and/or services are delivered to customers,
nasabah, Perseroan melakukan peninjauan ulang dan evaluasi       the Company conducts periodic reviews and evaluations. This
secara berkala. Aktivitas ini merupakan salah satu bentuk        activity is a form of risk mitigation to ensure that the product
mitigasi risiko untuk memastikan proses peluncuran produk        and/or service launch process complies with procedures and is                           Telepon                                                                                        SItus Web
                                                                                                                                                                                                        Email
dan/atau layanan tersebut telah sesuai dengan prosedur serta     safe for customers.                                                                    Telephone                                                                                        Website
aman bagi nasabah.


Produk dan/atau Jasa yang Ditarik Kembali                        Recalled Product and/or Services
Berdasarkan hasil tinjauan dan evaluasi sepanjang tahun          Based on the review and evaluation results throughout 2023,
                                                                                                                                               Menerima keluhan dan memberikan respon selambat-lambatnya 3 hari        Receive and respond to complaints no later than 3 business
2023, Perseroan memastikan tidak ada produk dan/atau             the Company ensures that none of the Company’s financial              1
                                                                                                                                               kerja.                                                                  days.
jasa keuangan Perseroan yang dinyatakan bermasalah oleh          products and/or services are declared problematic by the              2       Mencatat keluhan dalam sistem penanganan pengaduan.                     Record complaints in the complaint management system.
Otoritas Jasa Keuangan ataupun harus ditarik kembali.            Financial Services Authority or must be withdrawn.
                                                                                                                                       3       Penanganan keluhan (koordinasi internal).                               Handle complaints (internal coordination).

                                                                                                                                       4       Penyelesaian pengaduan nasabah.                                         Solve customer complaints.
Survei Kepuasan Nasabah                                          Customer Satisfaction Survey
Perseroan telah melaksanakan survei Net Promotor Score           The Company has conducted Net Promoter Score (NPS)
(NPS) untuk semua nasabah individu dan korporat. NPS             surveys for all individual and corporate customers. NPS is used
                                                                                                                                                                           SLA Penanganan Pengaduan Nasabah: 20 hari kerja
digunakan untuk memahami kebutuhan dan mengevaluasi              to understand needs and evaluate customer satisfaction and
                                                                                                                                                                         SLA of Customer Complaint Management: 20 Business Days
tingkat kepuasan serta loyalitas nasabah terhadap Perseroan.     loyalty to the Company. The survey results indicate overall
Hasil survei menunjukkan kepuasan nasabah yang Cukup Baik        Moderate Customer Satisfaction. Customer satisfaction
secara keseluruhan. Survei kepuasan nasabah dilakukan secara     surveys are conducted annually to map customer satisfaction        Jumlah Pengaduan                                                            Number of Complaints
tahunan untuk memetakan kepuasan nasabah dan menjadi             and serve as a basis for continuous improvement in the future.     Berikut informasi pengaduan nasabah dalam 3 tahun terakhir:                 Below is information on customer complaints in the last 3 years:
dasar untuk perbaikan berkelanjutan ke depan.
                                                                                                                                                          Uraian                            2023        2022               2021                        Description

                                                                                                                                     Sedang Ditindaklanjuti                                  33             0                 0                                         On Follow-up
                                                                                                                                     Selesai                                                556           492               280                                           Completed
                                                                                                                                     Jumlah                                                 589           492               280                                     Total Complaints




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
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Sertifikasi dan Penghargaan terkait Pelayanan                  Certifications and Awards related to Customer                       Di sisi lain, realisasi pengembangan praktik Kesehatan dan                             On the other hand, the implementation of Employment, Health,
kepada Nasabah                                                 Services                                                            Keselamatan Kerja (K3) tetap diterapkan meskipun tingkat                               and Safety (OHS) practices continues to be applied even though
Komitmen Perseroan dalam memberikan pelayanan optimal          The Company’s commitment to providing optimal services to           risiko kecelakaan kerja pada industri perasuransian terbilang                          the risk of occupational accidents in the insurance industry is
terhadap nasabah dibuktikan dengan keberhasilan mendapatkan    its customers is evidenced by its success in obtaining 17 awards    rendah.                                                                                relatively low.
17 penghargaan sepanjang tahun 2023. Uraian detail seputar     throughout 2023. A detailed description of certifications and
sertifikasi dan penghargaan terkait pelayanan kepada nasabah   awards related to services to customers can be found in the         Pelatihan dan Pengembangan Kemampuan Karyawan                                          Employee Training and Development
dapat dilihat pada bab Profil bagian Penghargaan.              Awards section of the Profile chapter.                              Perseroan telah mengikutsertakan karyawan untuk mengikuti                              The Company has invited employees to participate in soft
                                                                                                                                   pelatihan soft skill maupun hard skill yang disesuaikan                                skill and hard skill training programs tailored to the needs of
                                                                                                                                   dengan kebutuhan masing-masing jabatan. Sepanjang tahun                                each position. Throughout the year 2023, employees received
Tanggung Jawab terhadap Karyawan                               Responsibility to Employees                                         2023, karyawan mendapatkan pelatihan rata-rata mencapai                                training averaging 12 hours per year. Below are the numbers
                                                                                                                                   12 jam per tahun. Berikut ini jumlah peserta pelatihan dan                             of employees who participated in training and development
Sumber daya manusia (SDM) yang berkualitas merupakan faktor    High-quality human resources (HR) are essential factors in          pengembangan karyawan yang telah dilaksanakan selama 3                                 programs over the last 3 years:
penting dalam keberlangsungan usaha Perseroan. Hal ini tentu   the Company’s business sustainability. This is closely related      tahun terakhir:
erat kaitannya dengan komitmen Perseroan untuk senatiasa       to the Company’s commitment to always building healthy and
membangun hubungan industrial yang sehat dan harmonis          harmonious industrial relations with employees in accordance                               Uraian                               2023              2022              2021                            Description
dengan karyawan sesuai norma-norma hak asasi manusia.          with human rights norms.
                                                                                                                                    Jumlah Karyawan yang Mendapatkan
                                                                                                                                                                                                  616               660              605            Number of Employees Receiving Training*
                                                                                                                                    Pelatihan*
Ketenagakerjaan                                                Employment
                                                                                                                                    Jumlah Peserta Pelatihan                                    7.126             7.742            4.072                       Number of Training Participants
                                                                                                                                       Jumlah Peserta Pelatihan Daring                            955             1.910              592              Number of Online Training Participants
Kesetaraan Kesempatan Bekerja                                  Equal Employment Opportunity
                                                                                                                                       Jumlah Peserta pelatihan Tatap Muka                        631               441               0**          Number of In-Person Training Participants
Perseroan menjamin proses rekrutmen terhadap seluruh           The Company ensures that the recruitment process for all
                                                                                                                                       Jumlah Peserta Pelatihan Mandiri                         5.540             5.391             3.480         Number of Self-Paced Training Participants
karyawan telah dilakukan secara transparan dan adil            employees is conducted transparently and fairly in accordance
sebagaimana kualifikasi terbaik yang dipersyaratkan oleh       with the best qualifications required by the Company.               * Setiap karyawan dapat mengikuti lebih dari 1 program pendidikan dan/atau pelatihan termasuk karyawan yang baru bergabung dan/atau telah selesai kontrak.
                                                                                                                                   ** Pelatihan tatap muka di tahun 2021 tidak dilaksanakan dikarenakan kondisi pandemi Covid-19.
Perseroan. Penerapan dalam keberagaman juga menjadikan         The implementation of diversity also makes the Company              * Every employee can attend more than one training and/or development program including employees who have just joined and/or have completed their contracts.
                                                                                                                                   ** There was no in-person training program in 2021 due to Covid-19 pandemic.
Perseroan berkomitmen untuk selalu memberikan kesempatan       committed to consistently providing equal opportunities
yang sama tanpa memandang gender, agama, etnis, suku,          regardless of gender, religion, ethnicity, tribe, or race. In its
maupun ras. Dalam operasionalnya, Perseroan juga dapat         operations, the Company can also ensure the absence of              Pendidikan Aktuaris bagi Karyawan                                                      Actuarial Education for Employees
memastikan tidak adanya diskriminasi dalam bentuk apapun,      discrimination in any form, one of which is by continuing to        Perseroan berkomitmen untuk mendukung Program 1.000                                    The Company is committed to supporting the 1,000 Actuaries
salah satunya dengan tetap memberikan kesempatan yang          provide equal opportunities for employees with disabilities.        Aktuaris yang dicanangkan oleh Otoritas Jasa Keuangan                                  Program launched by the Financial Services Authority by
sama bagi karyawan disabilitas.                                                                                                    dengan merekrut karyawan aktuaris yang berkualitas dan                                 recruiting high-quality and competent actuarial employees
                                                                                                                                   kompeten sejumlah yang dipersyaratkan. Pencapaian yang                                 as required. The achievements made by the Company over
Tenaga Kerja Anak dan Tenaga Kerja Paksa                       Child Labor and Forced Labor                                        telah Perseroan lakukan selama 3 tahun terakhir untuk                                  the last 3 years in assigning and facilitating employees in this
Perseroan berkomitmen penuh untuk tidak mempekerjakan          The Company is fully committed to not employing minors in all       menugaskan dan memfasilitasi karyawan dalam program                                    program are presented as follows:
anak di bawah umur dalam seluruh kegiatan usaha. Demikian      business activities. Similarly, the signing of work agreements      tersebut disajikan sebagai berikut:
pula dengan penandatanganan perjanjian kerja yang dilakukan    is carried out by all Company employees consciously, without
oleh seluruh karyawan Perseroan secara sadar, tanpa tekanan    any pressure or coercion to ensure that forced labor practices                             Uraian                               2023              2022              2021                            Description
dan paksaan apapun guna memastikan tidak terjadinya praktik    do not occur. Based on this policy, the Company did not find
kerja paksa. Berdasarkan kebijakan tersebut, Perseroan tidak   any child labor and/or forced labor cases throughout 2023.           Keberhasilan Pencapaian Program
                                                                                                                                                                                                  6                 2                9                   Achievement of Development Program
                                                                                                                                    Pengembangan
menemukan kasus karyawan anak dan/atau kerja paksa
                                                                                                                                    Karyawan Baru                                                 5                 1                2                                             New Employees
sepanjang tahun 2023.


Upah Minimum Regional                                          Regional Minimum Wage                                               Sertifikasi                                                                            Certifications
Perseroan berupaya memastikan seluruh karyawan telah           The Company strives to ensure that all employees receive            Perseroan senantiasa membantu karyawan untuk memperoleh                                The Company always assists employees in obtaining expertise
mendapatkan remunerasi dan/atau kompensasi yang layak          adequate remuneration and/or compensation and are in                sertifikasi keahlian yang membantu menunjang tugas dari                                certificates that support their respective duties. The expertise
dan sesuai dengan hak yang sepatutnya. Penentuan besaran       accordance with their rightful entitlements. The determination      masing-masing jabatan. Sertifikasi keahlian yang telah dimiliki                        certifications that employees have are shown as follow:
remunerasi didasarkan pada kebijakan pemerintah seputar Upah   of remuneration amount is based on government policies on           oleh karyawan diuraikan sebagai berikut:
Minimum Provinsi (UMP) dan kebijakan Perseroan. Pada tahun     Provincial Minimum Wages (UMP) and Company policies. In
2023, tingkat upah di 17 wilayah Perseroan dapat dinyatakan    2023, wage levels in 17 of the Company’s regions were declared                             Uraian                               2023              2022              2021                            Description
telah melampaui upah minimum regional yang berlaku.            to have exceeded the applicable regional minimum wages.
                                                                                                                                    Ajun Ahli Asuransi Jiwa                                        2                2                2                            Assistant Life Insurance Expert

Lingkungan Bekerja yang Layak dan Aman                         Decent and Safe Working Environment                                  Ahli Asuransi Indonesia Jiwa                                  29               30                22                           Life Indonesia Insurance Expert

Perseroan senantiasa mengupayakan lingkungan kerja yang        The Company always strives to provide a clean, decent,               Fellow of the Society of Actuaries of Indonesia                6                4                4           Fellow of the Society of Actuaries of Indonesia

bersih, layak, aman, dan nyaman sebagai penunjang performa     safe, and comfortable working environment to support                 Associate of the Society of Actuaries of Indonesia             7                3                4          Associate of the Society of Actuaries of Indonesia

yang optimal. Selain itu, Perseroan juga memberikan jaminan    optimal performance. Additionally, the Company provides              Ahli Manajemen Risiko Perusahaan                              34               33                24                      Enterprise Risk Management Expert

asuransi dan cek kesehatan rutin bagi karyawan sebagai         insurance coverage and regular health checks for employees           Wakil Manajer Investasi                                        4                5                4                               Deputy Investment Manager
langkah preventif terhadap kondisi fisik yang dinamis.         as a preventive measure against dynamic physical conditions.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                               PT MSIG Life Insurance Indonesia Tbk
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                     Uraian                        2023          2022             2021                      Description                       Pelayanan Kesehatan Kerja                                                Occupational Health Service
                                                                                                                                              Kantor operasional Perseroan telah dilengkapi dengan fasilitas           The Company’s operational offices are equipped with health
 Human Resources Certification                      15            15                1                       Human Resources Certification
                                                                                                                                              penunjang kesehatan seperti ruang laktasi, medical room,                 support facilities such as lactation rooms, medical rooms,
 Manajemen Umum Dana Pensiun                         3            3                 4                   Pension Fund General Management
                                                                                                                                              medical supplies, dan kelengkapan produk P3K. Di samping                 medical supplies, and complete first aid kits. In addition, the
 Associate of Islamic Insurance                      2            2                 2                        Associate of Islamic Insurance
                                                                                                                                              itu, Perseroan juga mengikutsertakan seluruh karyawan pada               Company includes all employees in BPJS Health program,
 Ahli Keselamatan & Kesehatan Kerja Umum             1            -                 -        General Occupational Health and Safety Expert
                                                                                                                                              program BPJS Kesehatan yang dilengkapi dengan fasilitas                  which is equipped with other additional facilities in the form
 Jumlah                                            103            97                67                                               Total
                                                                                                                                              tambahan lainnya berupa jaminan rawat inap, rawat jalan,                 of coverage for inpatient, outpatient, medical check-ups, eye
                                                                                                                                              medical check up, perawatan mata dan gigi, pemeriksaan                   and dental care, radiological examinations, and maternity
Program Kegiatan Kebersamaan Karyawan                                     Employee Gathering Activities                                       radiologi, hingga biaya persalinan bagi keluarga karyawan.               costs for employee families.
Pada tahun 2023, Perseroan telah melaksanakan program                     Throughout 2023, the Company held employee gathering
kegiatan kebersamaan karyawan, yaitu:                                     activities as follows:                                              Survei Kepuasan Karyawan                                                 Employee Satisfaction Survey
1. Quarterly Employee Townhall Meeting;                                   1. Quarterly Employee Townhall Meeting;                             Perseroan melakukan survei kepuasan karyawan menggunakan                 The Company conducts employee satisfaction surveys using
2. SMiLe Appreciation Day;                                                2. SMiLe Appreciation Day;                                          Employee Voice Survey setiap 2 tahun sekali. Hal ini bertujuan           Employee Voice Survey every 2 years. This aims to measure
3. Company Anniversary and Breakfasting;                                  3. Company Anniversary and Breakfasting;                            untuk mengukur area kekuatan dan perbaikan Perseroan,                    the Company’s areas of strength and improvement, increasing
4. Employee Sport Day Competition;                                        4. Employee Sport Day Competition;                                  peningkatan engagement, produktivitas, dan kepuasan                      engagement, productivity, and employee satisfaction. In 2023,
5. SMiLe Collab Day;                                                      5. SMiLe Collab Day;                                                karyawan. Pada tahun 2023, survei kepuasan karyawan                      the employee satisfaction survey reached 87%, which was
6. Employee Community; dan                                                6. Employee Community; dan                                          mencapai 87% atau lebih tinggi dari target Perseroan,                    higher than the Company’s target, namely 85%.
7. Leader Forum (Coffee with CEO).                                        7. Leader Forum (Coffee with CEO).                                  yaitu sebesar 85%.


Program Pensiun                                                           Pension Program                                                     Sarana Pengaduan Karyawan                                                Employee Complaint Channel
Salah satu realisasi komitmen Perseroan dalam memenuhi                    One of the realizations of the Company’s commitment                 Pengaduan masalah terkait ketenagakerjaan, kesehatan,                    Complaints regarding employment, occupational health, and
hak-hak tenaga kerja dilakukan melalui program pensiun bagi               to fulfilling labor rights is through a pension program for         dan keselamatan kerja dapat disampaikan melalui MSIG                     safety issues can be submitted through the MSIG Speak Up.
karyawan yang telah memasuki usia 55 tahun. Berikut jumlah                employees who have reached the age of 55 years old. The             Speak Up. Setiap pengaduan yang masuk akan diproses dan                  Every incoming complaint will be processed and followed up
karyawan yang telah mengikuti program pensiun selama 3                    following is the number of employees who participated in the        ditindaklanjuti dengan baik dan profesional. Berikut informasi           properly and professionally. The following is information on
tahun terakhir:                                                           retirement program over the last 3 years:                           pengaduan masalah ketenagakerjaan yang diterima Perseroan                complaints related to employment issues that the Company
                                                                                                                                              dalam 3 tahun terakhir:                                                  received in the last 3 years:
                     Uraian                        2023          2022             2021                      Description
                                                                                                                                                                   Uraian                        2023          2022            2021                            Description
 Jumlah Penerima Program Pensiun pada                                                          Number of Pension Program Beneficiaries at
                                                      4               3                 3
 Usia 55 Tahun                                                                                                    the Age of 55 Years Old      Sedang Ditindaklanjuti                              8             0                0                                                On Follow-up
 Jumlah Peserta Program Pensiun                     431           430              406            Number of Pension Program Participants       Selesai                                             0             4               14                                                   Completed
                                                                                                                                               Jumlah                                              8             4               14                                                          Total

Penilaian Kinerja Karyawan                                                Employee Performance Assessment
Perseroan telah melakukan pengukuran dan evaluasi kinerja                 The Company routinely conducts performance measurement              Biaya Program Tanggung Jawab Sosial terhadap Karyawan                    Cost of Social Responsibility Programs for Employees
karyawan secara rutin setiap tahunnya guna meningkatkan                   and evaluation of employees every year to improve work              Secara berkesinambungan, Perseroan merealisasikan program-               On a continuous basis, the Company realizes its programs in
performa dan kualitas kerja di masa yang akan datang.                     performance and quality in the future. Measurements are             program dalam rangka meningkatkan kesejahteraan karyawan,                order to improve employee welfare related to employment,
Pengukuran dilakukan melalui aplikasi khusus bernama E-KPI.               done through a special application called E-KPI. Over the last      terkait ketenagakerjaan, kesehatan, dan keselamatan kerja.               occupational health, and safety. The following is information
Selama 3 tahun terakhir, rata-rata hasil kinerja karyawan                 3 years, the average employee performance has been rated            Berikut informasi biaya program dalam 3 tahun terakhir:                  on the program cost in the last 3 years:
dinyatakan Sangat Baik. Adapun bagi karyawan yang belum                   as Very Good. As for employees who have yet to achieve
mencapai hasil yang diharapkan maka Perseroan telah                       the expected results, the Company has provided facilities                                                                                                     (disajikan dalam jutaan Rupiah / expressed in million Rupiah)

memberikan fasilitas berupa program peningkatan kinerja                   in the form of performance improvement programs according
                                                                                                                                                                   Uraian                        2023          2022            2021                            Description
sesuai dengan kebutuhan.                                                  to their needs.
                                                                                                                                               BPJS Ketenagakerjaan                               6.257        5.527            4.653                  BPJS Ketenagakerjaan (Employment)
Kesehatan dan Keselamatan Kerja                                           Occupational Health and Safety                                       BPJS Kesehatan                                     3.053        2.279            2.205                                 BPJS Kesehatan (Health)
                                                                                                                                               Premi Asuransi Kesehatan dan Jiwa                  6.740        5.520            4.331                     Health and Life Insurance Premium
Penerapan Keselamatan Kerja                                               Occupational Safety Implementation                                   Pelatihan, Pendidikan, Seminar, dan Sertifikasi    2.376        2.883            1.223        Training, Education, Seminar, and Certification
Setiap gedung operasional Perseroan telah memiliki standar                Each of the Company’s operational buildings has adequate             Program Kegiatan Kebersamaan Karyawan              2.166        1.366             361                           Employee Gathering Activities
keselamatan yang mumpuni dengan tata letak peralatan                      safety standards with ergonomic equipment layout. The                Jumlah                                            20.592    17.575              12.773                                                        Total
yang ergonomis. Perseroan juga telah melengkapi sarana                    Company has also equipped work facilities with other safety
kerja dengan fasilitas perangkat keselamatan lainnya seperti              equipment such as smoke detectors, light fire extinguishers,        Sertifikasi dan Penghargaan terkait Karyawan                             Certifications and Awards related to Employment
alat deteksi asap, alat pemadam api ringan (APAR), sprinkler              automatic sprinklers, hydrant installations, evacuation route       Komitmen Perseroan dalam pembangunan human capital yang                  The Company’s commitment to developing high-quality
otomatis, instalasi hidran, petunjuk jalur evakuasi, peralatan            instructions, first aid kits, and conducts regular emergency        berkualitas dibuktikan dengan keberhasilan mendapatkan                   human capital is proven by its success in receiving 2 awards
pertolongan pertama pada kecelakaan (P3K), dan pelaksanaan                response simulations.                                               2 penghargaan sepanjang tahun 2023. Uraian detail seputar                throughout 2023. A detailed description of certifications and
simulasi tanggap darurat secara berkala.                                                                                                      sertifikasi dan penghargaan terkait karyawan dapat dilihat               awards related to employees can be found in the Sustainability
                                                                                                                                              pada bagian Ikhtisar Keberlanjutan.                                      Highlights section.




            PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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Kontribusi terhadap Masyarakat                                     Contribution to Community                                                                                    Edukasi dan Peningkatan Literasi dan Inklusi Keuangan
                                                                                                                                                                             Education and Improvement of Financial Literacy and Inclusion
Perseroan terus berupaya berkontribusi bagi pembangunan            The Company continues to contribute to Indonesia’s
Indonesia melalui penyediaan lapangan usaha bagi                   development by providing business opportunities for the
masyarakat, inovasi produk yang bermanfaat bagi nasabah,           community, innovative products beneficial to customers,
serta melaksanakan tanggung jawab sosial dan lingkungan            and implementing social and environmental responsibilities
(Corporate Social Responsibility atau CSR). Hal ini didasarkan     (Corporate Social Responsibility or CSR). This is based on
pada kesadaran bahwa keberadaan masyarakat merupakan               the awareness that the existence of the community is an
bagian tak terpisahkan dari Perseroan sebagai entitas sosial.      inseparable part of the Company as a social entity.


Dampak Operasi terhadap Masyarakat                                 Impacts of Operations on the Community
Secara umum, manajemen bisnis asuransi tidak menimbulkan           Generally, insurance business management does not have
dampak negatif pada masyarakat. Namun, produk asuransi             a negative impact on society. However, insurance products
dan kegiatan corporate social responsibility (CSR) memberikan      and corporate social responsibility (CSR) activities positively         27 September 2023                                                    5 Oktober 2023
                                                                                                                                           Webinar Asuransi Jiwa kepada komunitas perempuan NOVA dengan         Kolaborasi Dewan Asuransi Indonesia (DAI) dan PT Permodalan
dampak positif dan manfaat bagi masyarakat umum.                   impact and benefit the general public.                                  tajuk “Green Flags buat Generasi Sandwich: Pintar Atur Uang &        Nasional Madani (PNM) menyelenggarakan seminar edukasi
                                                                                                                                           Asuransi Jiwa Terjangkau” bersama Tabloid NOVA dan GRID Network      keuangan kepada para pelaku usaha mikro, kecil, dan menengah
Literasi dan Inklusi Keuangan                                      Financial Literacy and Inclusion                                        melalui Zoom.                                                        (UMKM) di Makassar dengan tema “Membangun Fondasi Keuangan
                                                                                                                                                                                                                yang Tangguh bagi UMKM”.
Perseroan secara konsisten menjalankan program CSR perihal         The Company consistently carries out CSR programs regarding
                                                                                                                                           September 27, 2023                                                   October 5, 2023
literasi dan inklusi keuangan dengan mengadopsi perkembangan       financial literacy and inclusion by adopting technological              Life Insurance Webinar for the NOVA women’s community entitled       Collaboration between the Indonesian Insurance Council (DAI) and
teknologi melalui berbagai kanal media sosial Perseroan, baik      developments through the Company’s various social media                 “Green Flags buat Generasi Sandwich: Pintar Atur Uang & Asuransi     PT Permodalan Nasional Madani (PNM) held a financial education
dengan cara webinar atau pun unggahan rutin lainnya. Selain        channels, both through webinars and other regular posts.                Jiwa Terjangkau” (Green Flags for the Sandwich Generation: Smart     seminar for micro, small and medium enterprises (UMKM) in Makassar
                                                                                                                                           Money Management & Affordable Life Insurance) with with Tabloid      with the theme “Membangun Fondasi Keuangan yang Tangguh bagi
itu, Perseroan juga melaksanakan kegiatan CSR lainnya dengan       Additionally, the Company also conducts other CSR activities            NOVA and GRID Network via Zoom.                                      UMKM” (Building a Strong Financial Foundation for MSMEs).
terjun langsung ke masyarakat sebagaimana diuraikan berikut ini:   by directly engaging with the community as outlined below:

                                                                                                                                                                                                                20 Oktober 2023
                                    Edukasi dan Peningkatan Literasi dan Inklusi Keuangan                                                                                                                       Webinar Dana Pensiun Lembaga Keuangan untuk komunitas
                                 Education and Improvement of Financial Literacy and Inclusion                                                                                                                  Parapuan berjudul “Rahasia Rekening “Glowing” Sampai Hari Tua
                                                                                                                                                                                                                Rencana Pensiun Jawabannya!” bersama Parapuan dan GRID
                                                                                                                                                                                                                Network melalui Zoom.
                                                                                                                                                                                                                October 20, 2023
                                                                                                                                                                                                                Webinar on Financial Institution Pension Funds for the Parapuan
                                                                                                                                                                                                                Community titled “The Secret to “Glowing” Retirement Accounts:
                                                                                                                                                                                                                Retire-ment Planning is the Answer!” in collaboration with Parapuan
                                                                                                                                                                                                                and GRID Network via Zoom.




                                                                                                                                                                                  Pemeliharaan dan Pengembangan Lingkungan Hidup
                                                                                                                                                                                    Environmental Preservation and Development

 23 – 24 Juni 2023                                                  27 Juni 2023
 Kuliah WhatsApp (KulWap) kepada komunitas perempuan NOVA           Webinar literasi finansial mengenai Dana Pensiun Lembaga Keuangan
 dengan topik “Membongkar Rahasia: Solusi Asuransi Kesehatan        melalui channel YouTube The Jakarta Post bertajuk Ultimate Guide
 Terjangkau dalam Mengelola Keuangan Rumah Tangga” bersama          for Sandwich Generation: Essential Financial Planning for Retirement
 Tabloid NOVA dan GRID Network melalui WhatsApp.                    dengan menghadirkan Nucha Bachri dari @parentalk.id sebagai
                                                                    narasumber eksternal.
 June 23-24, 2023                                                   June 27, 2023
 WhatsApp lecture (KulWap) to the NOVA women’s community            Financial Literacy Webinar via The Jakarta Post’s YouTube channel
 with the topic “Membongkar Rahasia: Solusi Asuransi Kesehatan      entitled “Ultimate Guide for Sandwich Generation: Essential
 Terjangkau dalam Mengelola Keuangan Rumah Tangga” (Unveiling       Financial Planning for Retirement” featuring Nucha Bachri from
 Secrets: Affordable Health Insurance Solutions in Managing         @parentalk.id as an external resource person.
 Household Finances) with Tabloid NOVA and GRID Network via
 WhatsApp.

                                                                                                                                           25 Oktober 2023                                                      25 Oktober 2023
                                                                                                                                           Kolaborasi dengan Smiling Coral dan MSIG Indonesia melakukan         Kolaborasi dengan Smiling Coral dan MSIG Indonesia melakukan
                                                                                                                                           peresmian transplantasi 100 media terumbu karang di Pulau Pramuka,   penanaman 100 batang pohon mangrove di Pulau Pramuka,
                                                                                                                                           Kepulauan Seribu. Setelah bibit diletakkan pada media tanam, media   Kepulauan Seribu.
                                                                                                                                           tanam akan dibenamkan ke laut agar terumbu karang dapat hidup.
                                                                                                                                           October 20, 2023                                                     October 20, 2023
                                                                                                                                           Collaborated with Smiling Coral and MSIG In-donesia for the          Collaborated with Smiling Coral and MSIG In-donesia for the planting
                                                                                                                                           inauguration of the transplan-tation of 100 coral reefs at Pramuka   of 100 mangrove trees on Pramuka Island, Seribu Islands.
                                                                                                                                           Island, Seribu Islands. After the seedlings were placed on the
                                                                                                                                           planting media, they would be sub-merged into the sea to allow the
                                                                                                                                           coral reefs to thrive.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                  PT MSIG Life Insurance Indonesia Tbk
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Pencapaian dan Biaya Program PPM                                          Achievement of PPM Programs                                           Seleksi Pemasok secara Adil dan Bertanggung Jawab                      Selecting Suppliers Fairly and Responsibility
Secara    berkesinambungan,     Perseroan    merealisasikan               On an ongoing basis, the Company implements programs                  Pemasok dipilih berdasarkan proses seleksi yang adil dengan            Suppliers are selected based on a fair selection process with
program-program dalam rangka meningkatkan kesejahteraan                   aimed at improving community welfare. The following is                komponen harga yang bersaing sebagai indikator utama.                  competitive price component as the main indicator. There
masyarakat. Berikut informasi pencapaian dan biaya program                information on achievements and program costs over the last           Adapun ketentuan dari pihak pelaksana Environment,                     are provisions from the Environment, Social, and Governance
dalam 3 tahun terakhir:                                                   3 years:                                                              Social, and Governance (ESG) yang menyatakan parameter                 (ESG) implementers stating that other parameters, such as
                                                                                                                                                lainnya berupai aksi yang dapat diakui sebagai implementasi            actions, can be recognized as implementation of sustainability.
Jumlah Pencapaian dan Biaya Program Pengembangan Masyarakat                                                                                     keberlanjutan.
Number of Achievements and Community Development and Empowerment Program Costs
                                                                                                                                                Dalam hal ini, para calon pemasok diharuskan menunjukkan               In this case, potential suppliers are required to demonstrate
                                                          2023                             2022                             2021                komitmennya terhadap prinsip-prinsip ESG yang dibuktikan               their commitment to ESG principles as proven by signing a
                                                                                                                                                dengan penandatanganan supply declaration, yang memuat:                supply declaration, which contains:
                    Uraian                        Biaya                            Biaya                            Biaya
                  Description                                    Kegiatan                         Kegiatan                         Kegiatan     1. Persetujuan untuk tunduk pada aturan anti-bribery and               1. Agreement to comply with anti-bribery and anti-corruption
                                                  Costs                            Costs                            Costs
                                                                 Activities                       Activities                       Activities       corruption, guna menghindari terjadinya praktik pencucian              regulations, in order to avoid money laundering practices;
                                                   (Rp)                             (Rp)                             (Rp)
                                                                                                                                                    uang;
 Jumlah Literasi dan Inklusi Keuangan
 Number of Financial Literacy and Inclusion   300.000.000            5           120.000.000          3           30.000.000           7        2. Pernyataan bahwa pihak pemasok tidak mempekerjakan                  2. Statement that the supplier does not employ under-aged
 Activities                                                                                                                                         anak di bawah umur; serta                                             workers; and
 Jumlah Pemeliharaan dan Pengembangan                                                                                                           3. Pernyataan bahwa upah karyawan dibayarkan sesuai                    3. Statement that employee wages are paid in accordance
 Lingkungan Hidup                                                                                                                                   dengan ketentuan yang berlaku pada masing-masing                      with the provisions applicable in each operational area
                                              110.627.000            2           105.450.000          2           49.813.000           1
 Number of Environmental Preservation and
 Development Activities
                                                                                                                                                    daerah operasional (Upah MInimum Regional atau UMR).                  (Regional Minimum Wage or UMR).
 Jumlah / Total                               410.627.000            7           225.450.000          5           79.813.000           8
                                                                                                                                                Hubungan dengan Pemasok                                                Relationship with Suppliers
                                                                                                                                                Dalam konteks keberlanjutan, hubungan yang kokoh dengan                In the context of sustainability, strong relationships with
Jumlah Penerima Manfaat Program Pengembangan Masyarakat                                                                                         pemasok menjadi pilar utama dalam perjalanan usaha                     suppliers are the main pillar in the Company’s business
Number of Beneficiaries Community Development and Empowerment Programs                                                                          Perseroan. Kemitraan yang berkelanjutan dengan pemasok                 journey. Sustainable partnerships with suppliers not only
                                                                                                                                                tidak hanya memberikan kestabilan rantai pasok, tetapi juga            provide supply chain stability but also create positive
                                                                                                                                                menciptakan dampak positif untuk sosial dan lingkungan.                social and environmental impacts. Both local, national, and
                     2023                                          2022                                             2021
                                                                                                                                                Baik pemasok lokal, nasional, maupun internasional dapat               international suppliers can be assured that they comply with
              917 orang / people                            406 orang / people                                 50 orang / people                dipastikan telah mematuhi standar etika secara profesional.            ethical standards in a professional manner. The following
                                                                                                                                                Berikut merupakan jumlah pemasok yang bekerja sama                     is the number of suppliers that have collaborated with the
Sarana Pengaduan Masyarakat                                               Community Complaint Channel                                           dengan Perseroan selama 3 tahun terakhir:                              Company over the last 3 years:
Perseroan belum memiliki mekanisme sarana pengaduan                       The Company does not yet have a complaint mechanism for
bagi masyarakat non-nasabah. Namun, serangkaian upaya                     non-customers. However, the Company has conducted a                                       Uraian                     2023             2022           2021                      Description
mitigasi telah dilakukan Perseroan guna menghindari                       series of mitigation efforts to avoid conflicts of interest and
terjadinya benturan kepentingan dan potensi gangguan                      problems that may affect the harmony between the Company               Pemasok Lokal                                  135              144             141                                    Local Suppliers

yang berpengaruh terhadap harmonisasi Perseroan dengan                    and the surrounding community.                                         Pemasok Nasional                                40               48              47                                 National Suppliers

masyarakat sekitar.                                                                                                                              Pemasok Internasional                            4                4               4                             International Suppliers
                                                                                                                                                 Jumlah                                         179             196              192                                              Total

Penghargaan terkait Masyarakat                                            Award related to Community
Komitmen Perseroan dalam meningkatkan kesejahteraan                       The Company’s commitment to improving community welfare
masyarakat dibuktikan dengan keberhasilan keberhasilan                    is evidenced by its success in receiving 1 award throughout
mendapatkan 1 penghargaan sepanjang tahun 2023. Uraian                    2023. Detailed descriptions of awards related to the
detail seputar penghargaan terkait masyarakat dapat dilihat               community can be found in the Awards section of the Profile
pada bab Profil bagian Penghargaan.                                       chapter.



Pengelolaan Hubungan dengan Pemasok                                       Managing Relationship with Suppliers

Komitmen Perseroan untuk senantiasa menghadirkan produk                   The Company’s commitment to consistently delivering quality
dan layanan berkualitas tentu erat kaitanya dengan kualitas               products and services is closely related to the quality of the
proses pengadaan barang bersama pihak pemasok. Dengan                     procurement process with suppliers. Therefore, maintaining
demikian, terjaganya hubungan baik antara Perseroan dan                   a good relationship between the Company and its suppliers
pihak pemasok merupakan bagian tak terpisahkan untuk                      is an inseparable part of always respecting, appreciating, and
senantiasa menghormati, menghargai, dan memenuhi hak-hak                  fulfilling each other’s rights and obligations as stated in the
juga kewajiban satu sama lain, sebagaimana tercantum dalam                agreed cooperation relationship.
hubungan kerja sama yang telah disepakati.




           PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                        PT MSIG Life Insurance Indonesia Tbk
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Keberlanjutan Aspek Lingkungan Hidup                                                                                              Informasi mengenai penggunaan dan efisiensi energi
                                                                                                                                  Perseroan selama 3 tahun terakhir diuraikan sebagai berikut:
                                                                                                                                                                                                       Information on the Company’s energy consumption and
                                                                                                                                                                                                       efficiency for the last 3 years is as follows:
Environmental Sustainability
                                                                                                                                                                          Satuan
                                                                                                                                               Uraian                                        2023           2022           2021                 Description
                                                                                                                                                                           Unit

                                                                                                                                                                           kWh               79.102         83.853       128.800
                                                                                                                                   Listrik                                                                                                                       Electricity
                                                                                                                                                                         gigajoule           284,77         301,87         463,68
Selaras dengan tujuan yang terkandung pada nilai                 In line with the objectives embedded in the sustainability
                                                                                                                                   Intensitas Penggunaan Energi     gigajoule/Jutaan Rp                                                Intensity of Energy Consumption
keberlanjutan dalam “Expand to Grow 2025”, Perseroan             values of “Expand to Grow 2025,” the Company consistently                                                                 0,000081       0,000086      0,000113
                                                                                                                                   terhadap Pendapatan              gigajoule/Million Rp                                                                    to Revenue
senantiasa memperhatikan, memelihara, serta melestarikan         pays attention to, maintains, and preserves the environment                                        gigajoule/Jutaan Rp
                                                                                                                                   Efisiensi Penggunaan Energi                             0,000004       0,000028      0,000040                Energy Usage Efficiency
lingkungan hidup secara berkelanjutan. Melalui penerapan         in a sustainable manner. Through the implementation of green                                       gigajoule/Million Rp
konsep green office, Perseroan berupaya untuk terus              office concept, the Company strives to continuously raise
meningkatkan kesadaran karyawan terhadap pentingnya isu          employees’ awareness of the importance of environmental
lingkungan. Di samping itu, Perseroan juga rutin melakukan       issues. Additionally, the Company also carries out regular       Penggunaan Air                                                       Water Consumption
pengukuran secara berkala terhadap aspek-aspek penunjang         measurements of operational support aspects, such as energy
operasional, seperti penggunaan energi dan air serta emisi dan   and water usage, as well as emissions and waste generation,      Air merupakan salah satu sumber daya yang diperlukan untuk           Water is one of the resources required for daily operational
limbah yang dihasilkan, sebagaimana diatur dalam rencana         as outlined in the 5-year plan.                                  keperluan operasional sehari-hari. Adapun sumber konsumsi air        needs. The Company’s source of water consumption comes
5 tahunan.                                                                                                                        Perseroan berasal dari Perusahaan Daerah Air Minum (PDAM),           from the Regional Water Company (PDAM), both for sanitation
                                                                                                                                  baik untuk kebutuhan sanitasi maupun kebutuhan rumah tangga          and office domestic needs. In its utilization, we consistently
                                                                                                                                  kantor. Dalam pemanfaatannya, kami senantiasa mendorong              encourage every individual within the Company to commit to
Penggunaan Material yang Ramah                                   Use of Environmentally Friendly Materials                        setiap insan Perseroan untuk berkomitmen menggunakan air             using water efficiently across all its supporting facilities.
Lingkungan                                                                                                                        secara efisien di seluruh fasilitas pendukungnya.


Salah satu penunjang pokok operasional Perseroan adalah          One of the key operational supports for the Company is paper     Informasi mengenai penggunaan dan efisiensi air Perseroan            Information on the Company’s water consumption and
bahan baku kertas. Dalam pemanfaatannya, Perseroan               raw materials. In its utilization, the Company is committed to   selama 3 tahun terakhir diuraikan sebagai berikut:                   efficiency for the last 3 years is as follows:
berkomitmen untuk menggunakan secara bijak dan                   using them wisely and responsibly through various efforts
bertanggung jawab melalui berbagai upaya seperti                 such as minimizing the possibility of errors before printing,                                            Satuan
memperkecil kemungkinan salah tulis sebelum proses               reusing paper for internal administrative purposes, and                       Uraian                                        2023           2022           2021                 Description
                                                                                                                                                                           Unit
pencetakan, menggunakan kembali kertas yang sudah dipakai        developing paperless administration by using digital-based
                                                                                                                                   Air PDAM                                kWh                561,00         613,63        348,39                   Utility (PDAM) Water
untuk keperluan administrasi internal, hingga mengembangkan      technology such as electronic mail.
                                                                                                                                   Intensitas Penggunaan Air           m3/Jutaan Rp                                                         Intensity of Water Usage to
administrasi nir–kertas (paperless administration) melalui                                                                                                                                  0,000160      0,000174       0,000085
                                                                                                                                   terhadap Pendapatan                 m3/Million Rp                                                                           Revenue
pemanfaatan teknologi berbasis digital pada surat elektronik.                                                                                                          m3/Jutaan Rp
                                                                                                                                   Efisiensi Penggunaan Air                                 0,000014     (0,000089)      0,000476               Water Usage Efficiency
                                                                                                                                                                       m3/Million Rp


Penggunaan Energi                                                Energy Consumption
                                                                                                                                  Keanekaragaman Hayati                                                Biodiversity
Penggunaan energi di kantor operasional Perseroan tidak          The use of energy in the Company’s operational offices is
terlepas dari kebutuhan atas sumber energi listrik untuk         inseparable from the need for electrical energy sources for      Wilayah operasional Perseroan tidak berada pada lokasi yang          The Company’s operational areas are not located near or
berbagai keperluan penunjang ataupun sarana pendukung            various supporting purposes or as a means of supporting          berdekatan atau bersinggungan dengan area yang dilindungi            adjacent to protected areas or areas with biodiversity. In terms
pelayanan bagi nasabah. Untuk mengefisienkan penggunaan,         services for customers. To optimize energy use, the Company      maupun kawasan yang memiliki keanekaragaman hayati.                  of preserving biodiversity, the Company also contributed to
Perseroan melakukan berbagai upaya penghematan energi,           makes various energy-saving efforts, including:                  Dalam hal menjaga keanekaragaman hayati, Perseroan turut             the preservation of 100 mangrove trees on Pramuka Island
diantaranya:                                                                                                                      berkontribusi dalam preservasi pohon mangrove sebanyak               area, Seribu Islands.
1. Melakukan pemadaman listrik dan mematikan peralatan           1. Cutting power and turning off electronic equipment at         100 batang di kawasan Pulau Pramuka, Kepulauan Seribu.
    elektronik pada jam-jam tertentu atau setelah selesai           certain hours or after use;
    digunakan;
2. Menggunakan lampu berjenis light emitting diode (LED) di      2. Using light emitting diode (LED) lamps in all of the          Pengelolaan Limbah                                                   Waste Management
    seluruh kantor Perseroan;                                       Company’s offices;
3. Menerapkan zona lembur di lingkungan kantor manajemen         3. Implementing overtime zones in the management and             Pengelolaan limbah kertas, sebagai salah satu jenis limbah           Paper waste management, as one of the main types of
    dan layanan nasabah;                                            customer service offices;                                     utama dari operasional Perseroan, dilakukan dengan                   waste from the Company’s operations, is carried out by
4. Melakukan sosialisasi terkait campaign saving energy di       4. Conducting dissemination and campaigns related to             memegang teguh prinsip 3R, yaitu reduce, reuse, dan recycle.         adhering to the 3R principles, namely reduce, reuse, and
    kantor; dan                                                     energy-saving in the office; and                              Selain itu, Perseroan juga turut serta dalam melestarikan            recycle. Additionally, the Company also participates in
5. Menggunakan peralatan elektronik low watt energy.             5. Using low-watt electronic equipment.                          hutan melalui penggunaan jenis kertas yang telah bersertifikat       forest preservation by using certified paper types from the
                                                                                                                                  Programme for Endoresement of Forest Certification (PEFC)            Programme for Endorsement of Forest Certification (PEFC)
                                                                                                                                  dan Indonesia Forestry Certification Cooperation (IFCC).             and Indonesia Forestry Certification Cooperation (IFCC).
                                                                                                                                  Kepemilikan sertifikasi tersebut menjamin dilakukannya               Ownership of this certification guarantees replanting after
                                                                                                                                  penanaman kembali setelah proses produksi dilakukan.                 the production process is carried out.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                          PT MSIG Life Insurance Indonesia Tbk
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Page 127
        Laporan                                                                                                                                                                                                                                Sustainability
        Keberlanjutan                                                                                                                                                                                                                                Report




Pada tahun 2023, Perseroan telah berhasil mengurai                In 2023, the Company successfully managed to recycle 11.88        Biaya Program Tanggung Jawab Sosial                              Cost of Environmental Social
limbah kertas sebanyak 11,88 ton dari total penggunaan            tons of paper waste from the use in daily operations. The         terhadap Lingkungan Hidup                                        Responsibility Program
pada operasional sehari-hari. Adapun proses pembuatan             process of making paper pulp is carried out in collaboration
bubur kertas dilakukan bersama dengan pihak ketiga, yaitu         with a third party, namely PT Indoarsip Kertaskarya               Pada tahun 2023, Perseroan telah melaksanakan kegiatan           In 2023, the Company implemented environmentally-
PT Indoarsip Kertaskarya Buanasentosa. Upaya ini                  Buanasentosa. This effort is estimated to have contributed to     berbasis lingkungan hidup dengan alokasi dana sebesar            based activities with an allocation of funds amounting to
diperkirakan telah berkontribusi pada pelestarian lingkungan      environmental conservation, equivalent to saving 184 trees.       Rp110,63 juta. Adapun program yang dilakukan yaitu               Rp110.63 million. The programs carried out including the
yang setara dengan penyelamatan 184 pohon.                                                                                          transplantasi 100 terumbu karang dan 100 batang pohon            transplantation of 100 coral reefs and planting 100 mangrove
                                                                                                                                    mangrove di kawasan Pulau Pramuka, Kepulauan Seribu.             trees on Pramuka Island, Seribu Islands.
Di samping itu, Perseroan telah memiliki tempat sampah            Furthermore, the Company has separate waste bins based
terpisah berdasarkan jenisnya, antara organik, anorganik,         on type of organic, inorganic, and B3 (toxic and hazardous
serta B3 (bahan baracun dan berbahaya), guna mempermudah          materials), in order to simplify the waste management process     Sertifikasi dan Penghargaan terkait                              Certifications and Awards related to
proses pengelolaan sampah yang dilakukan oleh manajemen           carried out by the building management. The Company has           Lingkungan Hidup                                                 Environment
gedung. Perseroan juga telah menerapkan program “Bring Your       also implemented the “Bring Your Own Tumbler” program for
Own Tumbler” bagi karyawan sebagai strategi pengurangan           employees as a strategy to reduce single-use plastic drinking     Komitmen Perseroan untuk turut serta menjaga dan                 The Company’s commitment to participating in protecting
sampah botol minum plastik sekali pakai.                          bottles.                                                          melestarikan    lingkungan      hidup    dibuktikan    dengan    and preserving the environment is evidenced by its success in
                                                                                                                                    keberhasilan mendapatkan 1 penghargaan terkait CSR               receiving 1 award throughout 2023 and Greenship Sertifikat:
                                                                                                                                    sepanjang tahun 2023 dan Greenship Sertifikat: Greenship         Greenship Ruang Interior / IS (Interior Space) V.1.0 from the
Upaya Mengurangi Emisi                                            Efforts to Reduce Emissions                                       Ruang Interior / IS (Interior Space) V.1.0 dari Green Building   Green Building Council Indonesia.
                                                                                                                                    Council Indonesia.
Penggunaan sumber energi untuk kegiatan operasional               The use of energy sources for operational activities results in
menghasilkan emisi sebagai salah satu penyumbang Gas              emissions as one of the contributors to Green House Gases
Rumah Kaca (GRK) yang berpotensi memicu pemanasan                 (GHG) emissions, which have the potential to trigger global
global dan perubahan iklim. Terkait hal tersebut, Perseroan       warming and climate change. As such, the Company conducts
melakukan sosialisasi dan kampanye kepada karyawan guna           interactive dissemination and campaigns among employees
membangun kesadaran kerja berbasis lingkungan serta               to raise awareness of environmentally friendly work practices
menumbuhkan sikap tanggung jawab dalam pemanfaatannya.            and foster a sense of responsibility in their utilization.


Di samping itu, Perseroan juga menerapkan upaya preventif         Furthermore, the Company implements preventive measures
dengan melakukan pengukuran secara berkala untuk menjaga          by conducting periodic measurements to ensure that the
kadar emisi yang dihasilkan tidak melebihi ambang batas yang      emission levels do not exceed the threshold set by the
ditetapkan pemerintah, serta sebisa mungkin meningkatkan          government and, strives to improve their effectiveness as
efektifitas penggunaanya. Di tahun 2023, Mitsui Sumitomo          much as possible. In 2023, Mitsui Sumitomo Insurance Co.,
Insurance Co., Ltd, selaku perusahaan holding, telah membeli      Ltd., as the holding company, purchased renewable energy
renewable energy certification (REC) dari Kinect Energy Green     certificates (RECs) from Kinect Energy Green Service A.S. for
Service A.S. terkait penggunaan listrik. Kepemilikan sertifikat   electricity usage. The ownership of these certificates does not
tersebut tidak langsung mengurangi konsumsi energi, tetapi        directly reduce energy consumption; however, it serves as a
sebagai bentuk dukungan terhadap pemerintah dalam                 form of support for the government in developing renewable
pengembangan energi terbarukan. Tujuan dari pembelian             energy. The goal of purchasing these certificates is to reduce
sertifikat ini adalah untuk mengurangi emisi karbon di seluruh    carbon emissions across all subsidiaries. With these steps, the
Entitas Anak. Dengan langkah-langkah ini, Perseroan berharap      Company expects to positively contribute to the environment
dapat memberikan kontribusi positif terhadap lingkungan           and support global efforts to mitigate the impact of climate
dan mendukung upaya global dalam mengurangi dampak                change.
perubahan iklim.



Sarana Pengaduan Masalah                                          Complaint Channel for Environmental
Lingkungan Hidup                                                  Problems

Hingga saat ini, Perseroan belum memiliki mekanisme               Until now, the Company has yet to have a complaint channel
pengaduan masalah lingkungan hidup, mengingat kegiatan            for environmental problems, considering that the Company’s
usaha yang dijalankan Perseroan saat ini tidak memiliki           current business activities do not have a direct impact on
dampak langsung pada keberlangsungan lingkungan hidup.            environmental sustainability. In the last 3 years, the Company
Sepanjang 3 tahun terakhir, Perseroan tidak menerima laporan      has not received any reports related to environmental issues.
terkait masalah lingkungan hidup.




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                       PT MSIG Life Insurance Indonesia Tbk
250       Laporan Keberlanjutan 2023                                                                                                                                                                                             2023 Sustainability Report     251
Page 128
        Laporan
        Keberlanjutan




Verifikasi Tertulis dari Pihak Independen                                                                                           Lembar Umpan Balik
Written Verification from Independent Party                                                                                         Feedback Form


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           Setelah membaca Laporan Keberlanjutan Tahun 2023 PT MSIG                     After reading the 2023 Sustainability Report of PT MSIG Life
menjamin bahwa seluruh informasi yang disampaikan dalam        that all information stated in this sustainability report is true,   Life Insurance Indonesia Tbk, Perseroan mohon kesediaan para                 Insurance Indonesia Tbk, the Company request stakeholders
laporan keberlanjutan ini adalah benar, akurat, dan faktual.   accurate, and factual.                                               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         Disgree

                                                                                                                                     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.

Tanggapan terhadap Umpan Balik                                                                                                       Data dan informasi yang diungkapkan mudah dipahami, lengkap, transparan, dan berimbang.
                                                                                                                                     The data and information disclosed are easy to understand, complete, transparent, and balanced.

Laporan Keberlanjutan Tahun Sebelumnya                                                                                               Data dan informasi yang disajikan berguna dalam pengambilan keputusan.
                                                                                                                                     The data and information presented are useful for decision-making.

Response to Feedback on Previous Year’s Sustainability Report                                                                        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 (score 1 = most
Selama tahun 2023, Perseroan tidak menerima tanggapan dan      In 2023, the Company did not receive any responses and               laporan ini (nilai 1 = paling penting, 2 = penting, 3 = tidak                important, 2 = important, 3 = less important, 4 = least
umpan balik terhadap Laporan Keberlanjutan Tahun 2022.         feedback on the 2022 Sustainability Report. However,                 penting, 4 = sangat tidak penting).                                          important).
Namun demikian, Perseroan berupaya untuk menyempurnakan        the Company seeks to improve the contents of the 2023
isi Laporan Keberlanjutan Tahun 2023 sesuai dengan kinerja     Sustainability Report according to the sustainability                     Kinerja Ekonomi                                        Pengembangan Masyarakat                                   Penggunaan Energi
keberlanjutan selama tahun pelaporan.                          performance during the reporting year.                                    Economic Performance                                   Community Development                                     Energy Consumption
                                                                                                                                         Ketenagakerjaan                                        Kesehatan dan Keselamatan Nasabah                         Penggunaan Air
                                                                                                                                         Employment                                             Customer Health and Safety                                Water Consumption
                                                                                                                                         Kesehatan dan Keselamatan Kerja                        Penggunaan Material yang Ramah Lingkungan                 Pengelolaan Limbah
                                                                                                                                         Occupational Health and Safety                         Use of Environmentally Friendly Materials                 Waste Management


                                                                                                                                    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, email) / Contact (telephone, email)


                                                                                                                                    Kategori Pemangku Kepentingan / Stakeholder Category
                                                                                                                                        Pemerintah / Government                Nasabah / Customer                 Karyawan / Employee                    Mitra Usaha / Business Partner

                                                                                                                                        Media                                  Masyarakat / Community             LSM / NGO                              Lain-Lain, …. / Others, …

                                                                                                                                    Saran dan tanggapan yang Anda berikan atas informasi
                                                                                                                                    yang disajikan dalam laporan ini mohon dikirimkan kepada:       Sekretaris Perusahaan                       Sinarmas MSIG Tower Lt. 6
                                                                                                                                                                                                    Corporate Secretary                         Jl. Jend. Sudirman Kav. 21
                                                                                                                                    Please submit your response and suggestions regarding
                                                                                                                                                                                                                                                Jakarta Selatan 12920
                                                                                                                                    information presented in this report to:
                                                                                                                                                                                                                                                T : (021) 5060 9999; 2650 8300
                                                                                                                                                                                                    Leony Samosir                               E : cs@msiglife.co.id
                                                                                                                                                                                                                                                W : www.msiglife.co.id




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                     PT MSIG Life Insurance Indonesia Tbk
252       Laporan Keberlanjutan 2023                                                                                                                                                                                                                 2023 Annual Report              253
Page 129
                                         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                                                                                                                222-223
                                                       Explanation of Sustainability Strategy
                                         Ikhtisar Kinerja Aspek Keberlanjutan
                                         Sustainability Performance Highlights
                                                       Aspek Ekonomi
                                             B.1                                                                                                                 224
                                                       Economic Aspect
                                                       Aspek Lingkungan Hidup
                                             B.2                                                                                                                 225
                                                       Environmental Aspect
                                                       Aspek Sosial
                                             B.3                                                                                                                 225
                                                       Social Aspect
                                         Profil Perusahaan
                                         Company Profile
                                                       Visi, Misi, dan Nilai Keberlanjutan
                                             C.1                                                                                                                 50-51
                                                       Vision, Mission, and Values of Sustainability
                                                       Alamat Perusahaan
                                             C.2                                                                                                                  44
                                                       Company Address
 Halaman ini sengaja dikosongkan.                      Skala Usaha                                                                                          56; 91-96;
                                             C.3
This page is intentionally left blank.                 Business Scale                                                                                        110-111
                                                       Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
                                             C.4                                                                                                                 53-55
                                                       Products, Services, and Business Activities
                                                       Keanggotaan pada Asosiasi
                                             C.5                                                                                                                  62
                                                       Association Membership
                                                       Perubahan Emiten dan Perusahaan Publik yang Bersifat Signifikan
                                             C.6                                                                                                                  45
                                                       Significant Changes in the Issuers and Public Companies
                                         Penjelasan Direksi
                                         Explanation from the Board of Directors
                                                       Penjelasan Direksi
                                             D.1                                                                                                                226-230
                                                       Explanation from the Board of Directors
                                         Tata Kelola Keberlanjutan
                                         Sustainability Governance
                                                       Penanggungjawab Penerapan Keuangan Berkelanjutan
                                             E.1                                                                                                                 231
                                                       Person in Charge of Sustainable Finance Implementation
                                                       Pengembangan Kompetensi terkait Keuangan Berkelanjutan
                                             E.2                                                                                                                 231
                                                       Competency Development related to Sustainable Finance
                                                       Penilaian Risiko atas Penerapan Keuangan Berkelanjutan
                                             E.3                                                                                                                 197
                                                       Risk Assessment of Sustainable Finance Implementation
                                                       Hubungan dengan Pemangku Kepentingan
                                             E.4                                                                                                                232-234
                                                       Relationship with Stakeholders
                                                       Permasalahan terhadap Penerapan Keuangan Berkelanjutan
                                             E.5                                                                                                                 223
                                                       Problems in Sustainable Finance Implementation
                                         Kinerja Keberlanjutan
                                         Sustainability Performance
                                                       Kegiatan Membangun Budaya Keberlanjutan
                                             F.1                                                                                                                 232
                                                       Building a Sustainability Culture




                                                                                                                         PT MSIG Life Insurance Indonesia Tbk
                                                                                                                                           2023 Annual Report       255
Page 130
No. Indeks                                                     Nama Indeks                                                         Halaman   No. Indeks                                                       Nama Indeks                                                     Halaman
Index No.                                                      Index Name                                                           Page     Index No.                                                        Index Name                                                       Page

Kinerja Ekonomi                                                                                                                              Aspek Ketenagakerjaan
Economic Performance                                                                                                                         Employment Aspect
               Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi                             Kesetaraan Kesempatan Bekerja
                                                                                                                                                F.18                                                                                                                               240
    F.2        Comparison of Target and Performance of Production, Portfolio, Financing Targets, or Investment, Income and           116                     Equal Employment Opportunity
               Profit and Loss                                                                                                                               Tenaga Kerja Anak dan Tenaga Kerja Paksa
                                                                                                                                                F.19                                                                                                                               240
               Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen Keuangan atau                                    Child Labor and Forced Labor
               Proyek yang Sejalan dengan Keuangan Berkelanjutan                                                                                             Upah Minimum Regional
    F.3                                                                                                                              116        F.20                                                                                                                               240
               Comparison of Target and Performance of Portfolio, Financing Targets, or Investment on Financial Instruments or                               Regional Minimum Wage
               Projects in Line with Sustainable Finance
                                                                                                                                                             Lingkungan Bekerja yang Layak dan Aman
Kinerja Lingkungan Hidup                                                                                                                        F.21                                                                                                                              240-241
                                                                                                                                                             Decent and Safe Working Environment
Environmental Performance
                                                                                                                                                             Pelatihan dan Pengembangan Kemampuan Pegawai
Aspek Umum                                                                                                                                      F.22                                                                                                                               241
                                                                                                                                                             Employee Training and Development
General Aspect
                                                                                                                                             Aspek Masyarakat
               Biaya Lingkungan Hidup                                                                                                        Community Aspect
    F.4                                                                                                                              251
               Environmental Cost
                                                                                                                                                             Dampak Operasi terhadap Masyarakat Sekitar
Aspek Material                                                                                                                                  F.23                                                                                                                               244
                                                                                                                                                             Impacts of Operations on Surrounding Community
Material Aspect
                                                                                                                                                             Pengaduan Masyarakat
               Penggunaan Material yang Ramah Lingkungan                                                                                        F.24                                                                                                                               246
    F.5                                                                                                                              248                     Community Complaint
               Use of Environmentally Friendly Materials
                                                                                                                                                             Kegiatan Tanggung Jawab Sosial Lingkungan
Aspek Energi                                                                                                                                    F.25                                                                                                                              244-245
                                                                                                                                                             Environmental Social Responsibility Activities
Energy Aspect
                                                                                                                                             Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
               Jumlah dan Intensitas Energi yang Digunakan                                                                                   Responsibility for Sustainable Product/Service Development
    F.6                                                                                                                              249
               Amount and Intensity of Energy Consumed
                                                                                                                                                             Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan
               Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan                                                           F.26                                                                                                                              237-238
    F.7                                                                                                                              248                     Sustainable Finance Products/Services Innovation and Development
               Efforts and Achievements of Energy Efficiency and Renewable Energy Consumption
                                                                                                                                                             Produk/Jasa yang Sudah Dievaluasi Keamanannya bagi Pelanggan
Aspek Air                                                                                                                                       F.27                                                                                                                               238
                                                                                                                                                             Products/Services with Evaluated Customer Safety
Water Aspect
                                                                                                                                                             Dampak Produk/Jasa
               Penggunaan Air                                                                                                                   F.28                                                                                                                               238
    F.8                                                                                                                              249                     Impacts of Products/Services
               Water Usage
                                                                                                                                                             Jumlah Produk yang Ditarik Kembali
Aspek Keanekaragaman Hayati                                                                                                                     F.29                                                                                                                               238
                                                                                                                                                             Number of Products Recalled
Biodiversity Aspect
                                                                                                                                                             Survei Kepuasan Pelanggan terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
               Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki Keanekaragaman Hayati                  F.30                                                                                                                               238
    F.9                                                                                                                              249                     Customer Satisfaction Survey on Sustainable Finance Products and/or Services
               Impact of Operational Area Adjacent to or In Conservation Areas or Areas with Biodiversity
                                                                                                                                             Lain-lain
               Usaha Konservasi Keanekaragaman Hayati                                                                                        Miscellaneous
   F.10                                                                                                                              249
               Biodiversity Conservation Efforts
                                                                                                                                                             Verifikasi Tertulis dari Pihak Independen (Jika Ada)
Aspek Emisi                                                                                                                                      G.1                                                                                                                               252
                                                                                                                                                             Written Verification from Independent Party (If any)
Emission Aspect
                                                                                                                                                             Lembar Umpan Balik
               Jumlah dan Intensitas Emisi yang Dihasilkan berdasarkan Jenisnya                                                                  G.2                                                                                                                               253
   F.11                                                                                                                              N/A                     Feedback Form
               Amount and Intensity of Emissions Generated by Type
                                                                                                                                                             Tanggapan terhadap Umpan Balik Laporan Tahun Sebelumnya
               Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan                                                                             G.3                                                                                                                               252
   F.12                                                                                                                              250                     Response to Previous Year’s Report Feedback
               Efforts and Achievements of Emission Reduction Implemented
                                                                                                                                                             Daftar Pengungkapan sesuai Peraturan Otoritas Jasa Keuangan No. 51/POJK.03/2017
Aspek Limbah dan Efluen                                                                                                                          G.4                                                                                                                              255-257
                                                                                                                                                             List of Disclosures according to Financial Services Authority Regulation No. 51/POJK.03/2017
Wast and Effluent Aspect
               Jumlah Limbah dan Efluen yang Dihasilkan berdasarkan Jenis
   F.13                                                                                                                              250
               Amount and Intensity of Emissions Generated by Type
               Mekanisme Pengelolaan Limbah dan Efluen
   F.14                                                                                                                            249-250
               Waste and Effluent Management Mechanism
               Tumpahan yang Terjadi (Jika Ada)
   F.15                                                                                                                              N/A
               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                                                                                                                              250
               Number and Material of Environmental Complaints Received and Resolved
Kinerja Sosial
Social Performance
               Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara kepada Konsumen
   F.17                                                                                                                              237
               Commitment to Providing Equal Products and/or Services to Customers




          PT MSIG Life Insurance Indonesia Tbk                                                                                                                                                                                             PT MSIG Life Insurance Indonesia Tbk
256       Laporan Tahunan 2023                                                                                                                                                                                                                               2023 Annual Report       257
Page 131
      Laporan Keuangan
      Konsolidasian
      Consolidated Financial Statements




      07
      PT MSIG Life Insurance Indonesia Tbk   PT MSIG Life Insurance Indonesia Tbk
258   Laporan Tahunan 2023                                     2023 Annual Report   259
Page 132
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Page 133
PT MSIG Life Insurance Indonesia Tbk
(dahulu/formerly PT Asuransi Jiwa Sinarmas MSIG Tbk)

Laporan keuangan tanggal 31 Desember 2023 dan
untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen
Financial statements as of December 31, 2023 and
for the year then ended
with independent auditor’s report
Page 134
                                                                                                                The original financial statements included
                                                                                                                  herein are in the Indonesian language.


      PT MSIG LIFE INSURANCE INDONESIA TBK                                              PT MSIG LIFE INSURANCE INDONESIA TBK
  (DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                                      (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
               LAPORAN KEUANGAN                                                                 FINANCIAL STATEMENTS
           TANGGAL 31 DESEMBER 2023                                                            AS OF DECEMBER 31, 2023
        DAN UNTUK TAHUN YANG BERAKHIR                                                              AND FOR THE YEAR
            PADA TANGGAL TERSEBUT                                                                     THEN ENDED
     BESERTA LAPORAN AUDITOR INDEPENDEN                                                  WITH INDEPENDENT AUDITOR’S REPORT




                                 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     ........................................... Statement of Cash Flows

Catatan Atas Laporan Keuangan ................................... 8-172 .............................. Notes to the Financial Statements


                                                              ************************
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Page 146
                                                                                                          The original financial statements included
                                                                                                            herein are in the Indonesian language.




      PT MSIG LIFE INSURANCE INDONESIA TBK                                       PT MSIG LIFE INSURANCE INDONESIA TBK
   (DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                              (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
            LAPORAN POSISI KEUANGAN                                                STATEMENT OF FINANCIAL POSITION
             Tanggal 31 Desember 2023                                                    As of December 31, 2023
           (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                  unless otherwise stated)




                                                        31 Desember/December 31,

                                                                 Catatan/
                                                 2023             Notes                  2022

ASET                                                                                                                                     ASSETS

Kas dan bank                                          780.815      2j,2u,4                  1.363.572              Cash on hand and in banks
Piutang premi                                          48.592     2o,2u,5                      53.968                   Premium receivables
Piutang koasuransi                                          -       2u,6                       32.808                Coinsurance receivables
Piutang investasi                                     157.775       2u,7                      173.175                 Investment receivables
Aset reasuransi                                        59.745      2l,2u,8                     34.267                    Reinsurance assets
Piutang lain-lain                                      22.416         2u                       14.520                       Other receivables
Biaya dibayar di muka                                 141.677       2g,9                      101.610                      Prepaid expenses
Investasi                                          13.202.709    2c,2u,10                  13.143.571                            Investments
Pinjaman polis                                          2.452      2u,11                        2.262                            Policy loans
Aset tetap - neto                                     155.457      2e,12                      175.816                       Fixed assets - net
Aset hak-guna - neto                                   16.360      2w,13                       12.100                Right-of-use assets - net
Aset lain-lain                                        365.958   2f,2u,2p,14                   428.773                            Other assets

TOTAL ASET                                         14.953.956                              15.536.442                          TOTAL ASSETS

LIABILITAS, DANA PESERTA                                                                                       LIABILITIES, PARTICIPANTS’
  DAN EKUITAS                                                                                                        FUND AND EQUITY

LIABILITAS                                                                                                                          LIABILITIES

Utang reasuransi                                       51.227    2l,2u,19                        17.562                        Due to reinsurers
Utang koasuransi                                            -     2u,20                          29.043                         Due to coinsurer
Utang komisi                                           76.227     2u,21                          74.378                 Commissions payable
Beban akrual                                           93.919     2u,22                          91.600                       Accrued expenses
Liabilitas imbalan kerja karyawan                      18.301     2v,36                          34.456             Employee benefits liability
Liabilitas sewa                                        14.696     2w,23                           9.050                          Lease liabilities
Utang pajak                                             8.678      2t,24                          6.728                           Taxes payable
Liabilitas pajak tangguhan                             36.765      2t,24                         31.065                  Deferred tax liabilities
Utang lain-lain                                       299.805     2u,25                         229.676                           Other liabilities
Ujrah di terima di muka                                57.642       2s                           61.076                          Unearned Ujrah
Liabilitas kepada pemegang polis:                                                                                   Liabilities to policyholders:
   Liabilitas manfaat polis masa                                                                                    Liability for future policy
         depan                                      2.300.729    2m,15a                     2.356.748                              benefits
   Liabilitas unit link                             3.559.673     2r,18                     4.202.654                    Liability for unit link
   Premi belum merupakan
         pendapatan                                   180.102     2o,15b                         92.318                 Unearned premiums
   Estimasi liabilitas klaim                          264.937     2q,15c                        154.529             Estimated claims liability
   Utang klaim                                         53.140    2q,2u,16                        75.304                     Claims payable
   Simpanan pemegang polis                            205.749       17                          103.638              Policyholders' deposits

Total liabilitas kepada                                                                                                         Total liabilities to
  pemegang polis                                    6.564.330                               6.985.191                            policyholders

TOTAL LIABILITAS                                    7.221.590                               7.569.825                     TOTAL LIABILITIES

DANA PESERTA                                          240.831     2s,37                         282.047                PARTICIPANTS’ FUND




   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.



                                                                   1
Page 147
                                                                                                        The original financial statements included
                                                                                                          herein are in the Indonesian language.



     PT MSIG LIFE INSURANCE INDONESIA TBK                                        PT MSIG LIFE INSURANCE INDONESIA TBK
  (DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                              (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
       LAPORAN POSISI KEUANGAN (lanjutan)                                     STATEMENT OF FINANCIAL POSITION (continued)
            Tanggal 31 Desember 2023                                                     As of December 31, 2023
          (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                   unless otherwise stated)




                                                       31 Desember/December 31,

                                                                Catatan/
                                                2023             Notes                2022

LIABILITAS, DANA PESERTA                                                                                   LIABILITIES, PARTICIPANTS’
  DAN EKUITAS (lanjutan)                                                                               FUND AND EQUITY (continued)

EKUITAS                                                                                                                                EQUITY

Modal saham - nilai nominal                                                                                             Share capital - Rp100
  Rp100 (nilai penuh)                                                                                             (full amount) par value
  per saham                                                                                                                       per share
  Modal dasar, ditempatkan dan                                                                                         Authorized, issued
  disetor penuh - 2.100.000.000                                                                           and fully paid - 2,100,000,000
  (nilai penuh) saham                                210.000       26                      210.000                   (full amount) shares
Tambahan modal disetor                             6.842.500       26                    6.842.500                  Additional paid-in capital
Keuntungan yang belum                                                                                                      Unrealized gain on
  direalisasi atas perubahan                                                                                     changes in fair value of
  nilai wajar efek yang diukur                                                                                             securities at fair
  pada nilai wajar melalui                                                                                            value through other
  penghasilan                                                                                                              comprehensive
  komprehensif lain - neto                           191.502       10                        136.491                          income - net
Penyisihan kerugian                                                                                        Allowance for impairment losses
  penurunan nilai atas efek                                                                                   on securities measured at
  yang diukur pada nilai wajar                                                                                   fair value through other
  melalui penghasilan komprehensif lain                 2.280      10                          2.782             comprehensive income
Surplus revaluasi                                                                                                     Revaluation surplus on
  tanah dan bangunan - neto                          107.257     2e,12                       111.259            land and buildings - net
Saldo laba                                           137.996                                 381.538                        Retained earnings

TOTAL EKUITAS                                      7.491.535                             7.684.570                            TOTAL EQUITY

TOTAL LIABILITAS,                                                                                                    TOTAL LIABILITIES,
  DANA PESERTA                                                                                                   PARTICIPANTS’ FUND
  DAN EKUITAS                                     14.953.956                            15.536.442                       AND EQUITY




  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.



                                                                  2
Page 148
                                                                                                            The original financial statements included
                                                                                                              herein are in the Indonesian language.



    PT MSIG LIFE INSURANCE INDONESIA TBK                                            PT MSIG LIFE INSURANCE INDONESIA TBK
 (DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                                   (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
     LAPORAN LABA RUGI DAN PENGHASILAN                                            STATEMENT OF PROFIT OR LOSS AND OTHER
              KOMPREHENSIF LAIN                                                            COMPREHENSIVE INCOME
      Untuk Tahun yang Berakhir pada Tanggal                                                   For the Year Ended
                 31 Desember 2023                                                             December 31, 2023
          (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/
                                                 2023                Notes                2022

PENDAPATAN                                                                                                                            INCOME
Pendapatan premi:                                                                                                             Premium income:
  Premi bruto                                       2.700.081        2r,28                   2.610.679                      Gross premiums
  Premi reasuransi                                    (45.437)       2l,29                     (25.975)               Reinsurance premiums
  Kenaikan premi
    belum merupakan                                                                                                     Increase in unearned
    pendapatan                                          (85.686)    2o,15b                        (5.186)                        premiums
  Kenaikan (Penurunan) aset                                                                                            Increase (decrease) in
    reasuransi - premi belum                                                                                           reinsurance assets -
    merupakan pendapatan                                      728     2l,8                        (4.321)                unearned premium

Pendapatan premi neto                               2.569.686                                2.575.197                      Net premium income
                                                                                                                        Income from operational
Pendapatan pengelolaan operasi                                                                                               management on
  asuransi syariah (ujrah)                             56.795         2s                          23.221             sharia insurance (ujrah)
Hasil investasi - neto                                818.646        2o,30                       764.994                Investment income - net
Pembalikan (penyisihan)                                                                                                      Reversal (provision)
  kerugian penurunan nilai                               2.189                                     7.219               for impairment losses
Pendapatan lain-lain                                    48.571      2o,31a                       150.516                           Other income

TOTAL PENDAPATAN                                    3.495.887                                3.521.147                           TOTAL INCOME


BEBAN                                                                                                                                  EXPENSES
Klaim dan manfaat:                                                                                                            Claims and benefits:
  Klaim dan manfaat                                 2.594.336        2q,32                   3.071.806                     Claims and benefits
  Klaim reasuransi                                    (16.083)        2q                       (16.629)        Reinsurance claim recoveries
  (Penurunan) kenaikan liabilitas                                                                             (Decrease) Increase in liability
     manfaat polis masa depan                                                                                 for future policy benefits and
     dan estimasi liabilitas klaim:                                                                               estimated claims liability:
     - Unit link                                      (643.754)      2r,18                     (495.087)                            - Unit link
     - Polis lain                                       43.139      15a,15c                    (407.909)                      - Other policies
  (Kenaikan) penurunan aset                                                                                             (Increase) decrease in
     reasuransi - liabilitas                                                                                  reinsurance assets - liability
     manfaat polis masa depan                         (21.322)        2l,8                         1.975           for future policy benefits

Klaim dan manfaat - neto                            1.956.316                                2.154.156                  Claims and benefits - net

Beban akuisisi                                        729.924        2p,33                       463.171               Acquisition expenses
Beban pemasaran                                        88.397         34                          72.672                Marketing expenses
Beban umum dan administrasi                           406.464         35                         343.457 General and administrative expenses
Beban lain-lain                                       115.675       2o,31b                        59.030                     Other expenses

TOTAL BEBAN                                         3.296.776                                3.092.486                       TOTAL EXPENSES


LABA SEBELUM BEBAN                                                                                                         INCOME BEFORE
  PAJAK FINAL DAN PAJAK                                                                                                  FINAL TAX AND
  PENGHASILAN                                         199.111                                    428.661           INCOME TAX EXPENSE

Pajak final                                           (71.608)         2t                        (68.948)                                  Final tax

LABA SEBELUM                                                                                                               INCOME BEFORE
  PAJAK PENGHASILAN                                     127.503                                  359.713            INCOME TAX EXPENSE




   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.



                                                                      3
Page 149
                                                                                                          The original financial statements included
                                                                                                            herein are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                           PT MSIG LIFE INSURANCE INDONESIA TBK
(DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                                  (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
    LAPORAN LABA RUGI DAN PENGHASILAN                                           STATEMENT OF PROFIT OR LOSS AND OTHER
         KOMPREHENSIF LAIN (lanjutan)                                               COMPREHENSIVE INCOME (continued)
     Untuk Tahun yang Berakhir pada Tanggal                                                  For the Year Ended
                31 Desember 2023                                                             December 31, 2023
         (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/
                                                2023               Notes                2022

LABA SEBELUM                                                                                                            INCOME BEFORE
  PAJAK PENGHASILAN                                  127.503                                   359.713           INCOME TAX EXPENSE

(Beban) Manfaat pajak penghasilan                      (1.015)     2t,24                         8.060           Income tax (expense) benefit

LABA TAHUN BERJALAN                                  126.488                                   367.773              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             60.795       10                       (200.578)                           income
  Pajak penghasilan terkait                            (5.784)     2t,24                       20.307                 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                                   (502)       10                          (365)         comprehensive income

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                                (5.131)     2e,12                        (5.131)            on land and buildings
  Pajak penghasilan terkait                             1.129      2t,24                       (11.332)              Related income tax
  Pengukuran kembali liabilitas                                                                                        Remeasurement of
     imbalan kerja karyawan                            (3.461)     2v,36b                       (3.078)       employee benefits liability
  Keuntungan (kerugian) yang belum                                                                               Unrealized gain (loss) on
     direalisasi atas perubahan                                                                                  changes in fair value of
     nilai wajar efek sekuritas yang                                                                                 equity securities at
     diukur pada nilai wajar melalui                                                                                   fair value through
     penghasilan komprehensif lain                            -      10                        153.176     other comprehensive income
  (Kerugian) keuntungan yang telah                                                                                 Realized (loss) gain on
     direalisasi atas pelepasan                                                                             disposal of equity securities
     efek ekuitas yang diukur                                                                                                  at fair value
     pada nilai wajar melalui                                                                                                through other
     penghasilan komprehensif lain                            -      10                      (137.549)           comprehensive income

Penghasilan (rugi)                                                                                                        Other comprehensive
 komprehensif lain,                                                                                                          (loss) income,
 setelah pajak                                         47.046                                (184.550)                            net of tax

TOTAL PENGHASILAN                                                                                                 TOTAL COMPREHENSIVE
  KOMPREHENSIF                                                                                                               INCOME
  TAHUN BERJALAN                                     173.534                                   183.223                 FOR THE YEAR

LABA PER                                                                                                                BASIC EARNINGS
  SAHAM DASAR (nilai penuh)                                  60      38                           175            PER SHARE (full amount)




  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.



                                                                    4
Page 150
                                                                                                                                                                                                                                  The original financial statements included herein are in
                                                                                                                                                                                                                                                                the Indonesian language.


                                   PT MSIG LIFE INSURANCE INDONESIA TBK                                                                                                                   PT MSIG LIFE INSURANCE INDONESIA TBK
                               (DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                                                                                                            (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
                                       LAPORAN PERUBAHAN EKUITAS                                                                                                                            STATEMENT OF CHANGES IN EQUITY
                                    Untuk Tahun yang Berakhir pada Tanggal                                                                                                                           For the Year Ended
                                               31 Desember 2023                                                                                                                                      December 31, 2023
                                        (Disajikan dalam jutaan Rupiah,                                                                                                                       (Expressed in millions of Rupiah,
                                            kecuali dinyatakan lain)                                                                                                                              unless otherwise stated)

                                                                                                            Keuntungan 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 gain (loss)     for impairment          Surplus revaluasi
                                                               Modal saham                                     on changes in             losses on               tanah dan
                                                             ditempatkan dan                                     fair value of      securities measured       bangunan - neto/                 Saldo laba/Retained earnings
                                                              disetor penuh/        Tambahan                    securities at           at fair value           Revaluation
                                                                Issued and         modal disetor            fair value through         through other             surplus on             Cadangan umum/         Belum ditentukan
                                                  Catatan/       fully paid         Additional             other comprehensive        comprehensive               land and              Appropriated for       penggunaannya/             Total Ekuitas/
                                                   Notes       share capital       paid-in capital              income - net               income              buildings - net           general reserve        Unappropriated             Total Equity

Saldo per 1 Januari 2022                                              210.000              6.842.500                   163.586                   3.147                  127.722                     3.547                 217.114                7.567.616                      Balance as of January 1, 2022


Laba tahun berjalan                                                            -                     -                        -                      -                            -                        -              367.773                  367.773                                   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                                -                     -                 (27.095)                      -                            -                        -                       -              (27.095)                       comprehensive income - net
Kerugian yang telah                                                                                                                                                                                                                                                                     Realized loss on changes
   direalisasi atas pelepasan nilai wajar                                                                                                                                                                                                                                     in fair value of equity securities
   efek ekuitas yang diukur pada nilai wajar                                                                                                                                                                                                                                        at fair value through other
   melalui penghasilan komprehensif lain                                       -                     -                        -                      -                            -                    -                  (137.549)              (137.549)                             comprehensive income
Cadangan umum                                       27                         -                     -                        -                      -                            -                  724                      (724)                      -                      Appropriated for general reserve
Pengukuran kembali liabilitas imbalan                                                                                                                                                                                                                                                           Remeasurement of
   kerja karyawan                                   36                         -                     -                        -                      -                            -                        -                  (3.078)               (3.078)                             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                                               -                     -                        -                   (365)                           -                        -                       -                 (365)                      other comprehensive income
Surplus revaluasi                                                                                                                                                                                                                                                                              Revaluation surplus
   tanah dan bangunan tahun berjalan - neto         12                         -                     -                        -                      -                  (16.463)                           -                       -              (16.463)           on land and buildings for the year - net
Transfer surplus revaluasi                                                                                                                                                                                                                                                         Transfer of revaluation surplus
   tanah dan bangunan ke saldo laba                 12                         -                     -                        -                      -                            -                        -                 5.131                   5.131        on land and buildings to retained earnings
Dividen kas                                         27                         -                     -                        -                      -                            -                        -              (71.400)                (71.400)                                           Cash dividend

Saldo per 31 Desember 2022                                            210.000              6.842.500                   136.491                   2.782                  111.259                     4.271                 377.267                7.684.570                  Balance as of December 31, 2022




*) Termasuk dalam saldo laba adalah pengukuran kembali atas liabilitas imbalan kerja.                                                                                                     *) Included in the retained earnings is the remeasurement of the employee benefit liability.




                                 Catatan atas laporan keuangan terlampir                                                                                                                                             The accompanying notes to the financial
                            merupakan bagian yang tidak terpisahkan dari laporan                                                                                                                                     statements form an integral part of these
                                    keuangan ini secara keseluruhan.                                                                                                                                                  financial statements taken as a whole.

                                                                                                                                                          5
Page 151
                                                                                                                                                                                                                                 The original financial statements included herein are in
                                                                                                                                                                                                                                                               the Indonesian language.


                                   PT MSIG LIFE INSURANCE INDONESIA TBK                                                                                                                  PT MSIG LIFE INSURANCE INDONESIA TBK
                               (DAHULU PT ASURANSI JIWA SINARMAS MSIG TBK)                                                                                                           (FORMERLY PT ASURANSI JIWA SINARMAS MSIG TBK)
                                   LAPORAN PERUBAHAN EKUITAS (lanjutan)                                                                                                                STATEMENT OF CHANGES IN EQUITY (continued)
                                    Untuk Tahun yang Berakhir pada Tanggal                                                                                                                          For the Year Ended
                                               31 Desember 2023                                                                                                                                     December 31, 2023
                                        (Disajikan dalam jutaan Rupiah,                                                                                                                      (Expressed in millions of Rupiah,
                                            kecuali dinyatakan lain)                                                                                                                             unless otherwise stated)
                                                                                                            Keuntungan 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 gain         for impairment         Surplus revaluasi
                                                               Modal saham                                     on changes in             losses on              tanah dan
                                                             ditempatkan dan                                     fair value of     securities measured       bangunan - neto/                 Saldo laba/Retained earnings
                                                              disetor penuh/        Tambahan                    securities at           at fair value          Revaluation
                                                                Issued and         modal disetor            fair value through         through other            surplus on             Cadangan umum/         Belum ditentukan
                                                  Catatan/       fully paid         Additional             other comprehensive     other comprehensive           land and              Appropriated for       penggunaannya/             Total Ekuitas/
                                                   Notes       share capital       paid-in capital              income - net               income             buildings - net           general reserve        Unappropriated             Total Equity


Saldo per 1 Januari 2023                                              210.000              6.842.500                  136.491                  2.782                   111.259                     4.271                 377.267                7.684.570                     Balance as of January 1, 2023


Laba tahun berjalan                                                            -                     -                       -                      -                            -                        -              126.488                  126.488                                  Income for the year

Keuntungan yang belum                                                                                                                                                                                                                                                             Unrealized gain 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                                -                     -                  55.011                      -                            -                     -                           -               55.011                     comprehensive income - net
Cadangan umum                                       27                         -                     -                       -                      -                            -                 4.500                     (4.500)                    -                     Appropriated for general reserve
Pengukuran kembali liabilitas imbalan                                                                                                                                                                                                                                                        Remeasurement of
   kerja karyawan                                   36                         -                     -                       -                      -                            -                        -                  (3.461)               (3.461)                       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                                               -                     -                       -                  (502)                            -                        -                        -                (502)                     other comprehensive income
Surplus revaluasi                                                                                                                                                                                                                                                                           Revaluation surplus
   tanah dan bangunan tahun berjalan - neto         12                         -                     -                       -                      -                   (4.002)                           -                        -               (4.002)          on land and buildings for the year - net
Transfer surplus revaluasi                                                                                                                                                                                                                                                      Transfer of revaluation surplus
   tanah dan bangunan ke saldo laba                 12                         -                     -                       -                      -                            -                        -                5.131                   5.131          on land and buildings to retained earning
Dividen kas                                         27                         -                     -                       -                      -                            -                        -             (371.700)               (371.700)                                         Cash dividend

Saldo per 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




*) Termasuk dalam saldo laba adalah pengukuran kembali atas liabilitas imbalan kerja.                                                                                                    *) Included in the retained earnings is the remeasurement of the employee benefit liability.




                                 Catatan atas laporan keuangan terlampir                                                                                                                                            The accompanying notes to the financial
                            merupakan bagian yang tidak terpisahkan dari laporan                                                                                                                                    statements form an integral part of these
                                    keuangan ini secara keseluruhan.                                                                                                                                                 financial statements taken as a whole.

                                                                                                                                                         6
Page 152
                                                                                                        The original financial statements included
                                                                                                           herein are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                   PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                             (FORMERLY PT ASURANSI JIWA
                SINARMAS MSIG TBK)                                                     SINARMAS MSIG TBK)
                 LAPORAN ARUS KAS                                                  STATEMENT OF CASH FLOWS
        Untuk Tahun yang Berakhir pada Tanggal                                           For the Year Ended
                   31 Desember 2023                                                      December 31, 2023
            (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/
                                                2023              Notes                2022
ARUS KAS DARI AKTIVITAS                                                                              CASH FLOWS FROM OPERATING
  OPERASI                                                                                                              ACTIVITIES
Penerimaan dari:                                                                                                          Receipts of:
  Premi                                            2.703.080                              2.441.033                      Premiums
  Ujrah                                               54.236                                 44.085                          Ujrah
  Komisi reasuransi dan                               12.362                                             Reinsurance commissions
     klaim                                                                                   19.183                   and claims
  Lain-lain                                          137.495                                 86.438                         Others
Pembayaran untuk:                                                                                                       Payments for:
  Klaim dan manfaat                              (2.575.703)                             (3.041.318)           Claims and benefits
  Beban operasi                                    (420.636)                               (308.509)           Operating expenses
                                                                                                              Agents’ commissions
  Komisi dan tunjangan agen                        (767.346)                               (508.919)             and allowances
  Premi reasuransi                                  (17.698)                                (51.516)        Reinsurance premiums
  Imbalan kerja karyawan                               (837)        36                       (1.965)            Employee benefits
Arus kas neto digunakan untuk                                                                                          Net cash flows used in
  aktivitas operasi                                (875.047)                             (1.321.488)                   operating activities
ARUS KAS DARI AKTIVITAS                                                                                CASH FLOWS FROM INVESTING
  INVESTASI                                                                                                               ACTIVITIES
(Kenaikan) penurunan deposito berjangka            (188.911)                                 223.495 (Increase) decrease in time deposits
(Kenaikan) efek                                                                                                              (Increase) in
  yang diukur pada                                                                                                  fair value through
  nilai wajar melalui penghasilan                                                                                other comprehensive
  komprehensif lain                                (463.795)                                (297.293)               income securities
Hasil investasi - neto                               728.770                                 478.061             Investment income - net
Penerimaan atas penjualan aset
  tetap                                                 1.669       12                          3.078      Proceeds from sale of fixed assets
Penurunan                                                                                                                          Decrease in
  pinjaman hipotik                                      1.359                                   1.872                      mortgage loans
(Kenaikan) pinjaman polis                               (191)                                     (68)              (Increase) in policy loans
Penurunan efek                                                                                                                     Decrease in
  yang diukur pada                                                                                                       fair value through
  nilai wajar melalui laba rugi                      643.769                                  775.889            profit and loss securities
Penurunan (kenaikan) dana                                                                                  Decrease (increase) in participant
  investasi peserta - syariah                        (37.290)                                  56.463            investment fund - sharia
Perolehan aset tetap                                  (2.137)       12                         (5.563)             Acquisition of fixed assets
Perolehan aset tak berwujud                           (8.826)                                  (5.914)        Acquisition of intangible assets
Arus kas neto diperoleh dari                                                                                     Net cash flows provided by
  aktivitas investasi                                674.417                              1.230.020                   investing activities
ARUS KAS DARI AKTIVITAS                                                                                                 CASH FLOWS FROM
  PENDANAAN                                                                                                         FINANCING ACTIVITY
Pembayaran dividen                                 (371.700)        27                        (71.400)                   Payment of dividend
Pembayaran liabilitas sewa                          (10.741)        23                        (11.753)              Payment of lease liabilities
Arus kas digunakan untuk                                                                                                  Cash flows used in
  aktivitas pendanaan                              (382.441)                                  (83.153)                 financing activities

(PENURUNAN)                                                                                                       NET (DECREASE)
  NETO KAS                                                                                                    IN CASH ON HAND
  DAN BANK                                         (583.071)                               (174.621)              AND IN BANKS
                                                                                                      CASH ON HAND AND IN BANKS
KAS DAN BANK AWAL TAHUN                            1.367.342                              1.532.896      AT BEGINNING OF YEAR
                                                                                                       NET EFFECT OF CHANGES IN
PENGARUH PERUBAHAN KURS                                                                              EXCHANGE RATES ON CASH
  TERHADAP KAS DAN BANK                                (1.720)                                9.067     ON HAND AND IN BANKS
                                                                                                           CASH ON HAND AND IN BANKS
KAS DAN BANK AKHIR TAHUN                             782.551        4                     1.367.342                 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.



                                                                   7
Page 153
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


     PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
           (DAHULU PT ASURANSI JIWA                                          (FORMERLY PT ASURANSI JIWA
              SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2023 dan untuk                                       As of December 31, 2023
     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 (dahulu                    PT MSIG Life Insurance Indonesia Tbk
          PT Asuransi Jiwa Sinarmas MSIG Tbk)                             (formerly PT Asuransi Jiwa Sinarmas MSIG
          (“Perusahaan”) adalah perusahaan yang                           Tbk) (“the Company”) is an Indonesian
          berdomisili di Indonesia yang didirikan                         domiciled company which was originally
          berdasarkan Akta Notaris Benny Kristianto,                      established as “PT Asuransi Jiwa Purnamala
          S.H., No. 44 tanggal 17 Juli 1984 dengan nama                   Internasional Indonesia” based on Notarial
          “PT Asuransi Jiwa Purnamala Internasional                       Deed No. 44 of Benny Kristianto, S.H., dated
          Indonesia”. Akta pendirian ini disahkan dengan                  July 17, 1984. The deed of establishment was
          keputusan Menteri Kehakiman Republik                            approved by Ministry of Justice of the Republic
          Indonesia No. C2-7176 HT.01.01.Th.84                            of    Indonesia    Decree      No.     C2-7176
          tanggal 21 Desember 1984 serta diumumkan                        HT.01.01.Th.84 dated December 21, 1984 and
          dalam Lembaran Berita Negara No. 85 tanggal                     was published in the State Gazette of the
          22 Oktober 1985.                                                Republic of Indonesia No. 85 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 PT
          menjadi PT Asuransi Jiwa Eka Life. Akta telah                   Asuransi Jiwa Eka Life. The deed has obtained
          mendapatkan Keputusan Menteri Kehakiman                         the Decree of the Minister of Justice of the
          Republik   Indonesia     dengan     No.   C2-                   Republic of Indonesia with No. C2-
          5095.HT.01.04.TH’89. tanggal 10 Juni 1989                       5095.HT.01.04.TH'89. dated June 10, 1989 and
          serta diumumkan dalam Berita Negara Republik                    was published in the State Gazette of the
          Indonesia No. 57 tanggal 18 Juli 1989.                          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.



                                                           8
Page 154
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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 a
            menjadi perusahaan terbuka dan Perusahaan                          public company and the Company changed its
            melakukan perubahan nama Perusahaan                                name to PT Asuransi Jiwa Sinarmas MSIG Tbk
            menjadi PT Asuransi Jiwa Sinarmas MSIG Tbk                         and was approved by the Ministry of Laws and
            dan telah menerima Keputusan Menteri Hukum                         Human Rights of the Republic of Indonesia in
            dan Hak Asasi Manusia No. AHU-                                     its decision letter No. AHU-0028378.AH.01.02
            0028378.AH.01.02 Tahun 2019 tanggal 24 Mei                         dated May 24, 2019 and has received a Letter
            2019 dan Surat Penerimaan Pemberitahuan                            of Acceptance of Notification of Amendment to
            Perubahan Data Perusahaan No. AHU-                                 Articles of Association No. AH.01.03-0276428
            AH.01.03-0276428 tanggal 24 Mei 2019.                              dated 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 of
            Indonesia dalam surat keputusannya No. AHU-                        Indonesia in its decision letter No. AHU-
            0042658.AH.01.02.Tahun 2023 tanggal 25 Juli                        0042658.AH.01.02.year 2023 dated July 25,
            2023.                                                              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 Menteri                      sharia principles from the Minister of Finance of
            Keuangan Republik Indonesia No. KEP-                               the Republic of Indonesia in its decision letter
            041/KM.5/2005 tanggal 17 Januari 2005 dan                          No. KEP-041/KM.5/2005 dated January 17,
            Surat Keterangan Otoritas Jasa Keuangan                            2005 and Financial Services Authority (OJK)
            (OJK) No.S-331/NB.15/2013 tertanggal 15 Juli                       Certificate No. S-331/NB.15/2013 dated July
            2013.                                                              15, 2013.




                                                                 9
Page 155
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
     Untuk 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)

            Perusahaan saat ini berlokasi di Sinarmas                       The Company is currently located in Sinarmas
            MSIG Tower, Lantai 6, Jl. Jend. Sudirman Kav.                   MSIG Tower, 6th floor, Jl. Jend. Sudirman Kav.
            21, Jakarta 12920, dengan 49 kantor perwakilan                  21, Jakarta 12920, with 49 representative
            pemasaran di Indonesia (2022: 35) (tidak                        marketing offices in Indonesia (2022: 35)
            diaudit).                                                       (unaudited).

       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 Financial Services Authority (OJK) in its
            2019 oleh Otoritas Jasa Keuangan (OJK)                          letter No. S-108/D.04/2019.
            dengan suratnya No. S-108/D.04/2019.

            Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, 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 Ariyanti Artisari, S.H., M.Kn. No. 59                   Deed No. 59 of Ariyanti Artisari, S.H., M.Kn.
            tanggal 27 Juni 2023. Perubahan ini telah                       dated June 27, 2023. 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.01.09-0143584                         of Articles of Association No. AHU-AH.01.09-
            tanggal 25 Juli 2023.                                           0143584 dated July 25, 2023.




                                                             10
Page 156
                                                                                               The original supplementary information included herein
                                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                          PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                                   (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                             SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                                    As of December 31, 2023
     Untuk 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 2023 dan 2022,                                       As of December 31, 2023 and 2022, 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:

                                                            2023                    2022
            Dewan Komisaris:                                                                                        Board of Commissioners:
            Presiden Komisaris                              Indra Widjaja    Indra Widjaja                             President Commissioner
            Komisaris                                     Toshinari Tokoi    Toshinari Tokoi                                     Commissioner
            Komisaris                                    Hideaki Nomura      Hideaki Nomura                                      Commissioner
            Komisaris Independen                 Ardhayadi Mitroatmodjo      Ardhayadi Mitroatmodjo                 Independent Commissioner
            Komisaris Independen                         Sidharta Akmam      Sidharta Akmam                         Independent Commissioner
            Komisaris Independen              Nazly Parlindungan Siregar     Nazly Parlindungan Siregar             Independent Commissioner

            Direksi:                                                                                                      Board of Directors:
            Presiden Direktur                                    Wianto      Wianto                                          President Director
            Wakil Presiden Direktur                     Satoshi Shiratani    Satoshi Shiratani                        Deputy President Director
            Direktur                                     Herman Sulistyo     Herman Sulistyo                                           Director
            Direktur                                         Ken Terada      Ken Terada                                                Director
            Direktur                                   Tomoyuki Monden       Tomoyuki Monden                                           Director
            Direktur                                        Andrew Bain      Andrew Bain                                               Director


            Komite Audit:                                                                                                     Audit Committee:
            Ketua                             Nazly Parlindungan Siregar     Nazly Parlindungan Siregar                               Chairman
            Anggota                                        Karel Tjahjadi*   Okamoto Yoshiro                                          Members
            Anggota                          Bambang Santoso Marsoem*        Adam Hartono Asihi                                       Members
            *Efektif menjabat 27 Juni 2023                                                                                    *Effective as of June 27, 2023


            Dewan Pengawas Syariah:                                                                                Sharia Supervisory Board:
            Ketua                                                Dr. Endy M Astiwara                                               Chairman
            Anggota                                            Ahmadi Sukarno Lc, M.Ag                                              Members

             Manajemen kunci Perusahaan terdiri atas                                       The Company’s key management personnel
             Dewan Komisaris dan Direksi.                                                  consist of Board of Commissioners and
                                                                                           Directors.




                                                                       11
Page 157
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                 PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                          (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                    SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                           As of December 31, 2023
     Untuk 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)

            Total karyawan Perusahaan pada tanggal                               The Company had total number of employees
            31 Desember 2023 dan 2022 masing-masing                              as of December 31, 2023 and 2022 of 455 and
            adalah 455 dan 430 orang (tidak diaudit).                            430, 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.

       e.   Struktur entitas anak                                           e.   Structure of the subsidiary

            Pada tanggal 31 Desember 2023 dan 2022,                              As of December 31, 2023 and 2022, the detail
            rincian entitas anak yang dikonsolidasikan ke                        of subsidiaries consolidated into the
            dalam laporan keuangan konsolidasian                                 Company’s consolidated financial statements
            Perusahaan adalah sebagai berikut:                                   are as follows:

                                           Tahun
                                         beroperasi     Total aset sebelum eliminasi/
                                           secara      Total assets before elimination
                                         komersial/
                                      Commencement      31 Desember/December 31,
                                       of commercial
                                          operation     2023                     2022
     Entitas Anak                                                                                                           Subsidiaries
     RD Allianz Smile Fixed-                                                                         RD Allianz Smile Fixed-Income Fund
       Income Fund (dahulu RD                                                                       (previously RD RHB Smile Fixed-
       RHB Smile Fixed-Income Fund)        2014                    -                      67                           Income Fund)

            Pada tanggal 31 Desember 2022, Perusahaan                            As of December 31, 2022, the Company 100%
            memiliki entitas anak (reksa dana Allianz Smile                      oned a subsidiary (RD Allianz Smile Fixed -
            Fixed - Income Fund) sehingga atas reksa dana                        Income Fund) which for this subsidiary being
            ini dikonsolidasikan ke dalam laporan keuangan                       consolidated into the Company’s financial
            Perusahaan yang dimiliki 100% oleh                                   statements.
            Perusahaan.

            Pada tanggal 31 Desember 2023, Perusahaan                            As of December 31, 2023 , the Company do not
            sudah tidak mempunyai entitas anak yang                              have any subsidiary to be consolidated into the
            dikonsolidasikan ke dalam laporan keuangan.                          Company’s financial statements.




                                                              12
Page 158
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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                                                         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.
       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 No. KEP-                              Institute of Accountants, and Rule No. VIII.G.7
            347/BL/2012 tanggal 25 Juni 2012 yang                            Attachment of Chairman of BAPEPAM-LK’s
            terdapat di dalam Peraturan dan Pedoman                          Decision No. KEP-347/BL/2012 dated June 25,
            Penyajian dan Pengungkapan Laporan                               2012 on the Regulations and the Guidelines on
            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.
            seluruh tahun yang disajikan, kecuali jika
            dinyatakan lain.

            Laporan keuangan telah disusun sesuai                            The financial statements have been prepared in
            dengan PSAK No. 1: Penyajian Laporan                             accordance with PSAK No. 1: 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.




                                                              13
Page 159
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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 (lanjutan)                                      preparation of the financial statements
                                                                             (continued)
            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.

       b.   Transaksi dengan pihak-pihak berelasi                       b. 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 7.
            pada PSAK 7.

            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 39.                     related parties are disclosed in Note 39.

            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.

       c.   Investasi dalam sukuk                                       c. 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. 110                      with PSAK No. 110 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.




                                                              14
Page 160
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
     Untuk 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.   Investasi dalam sukuk (lanjutan)                            c.   Investments in sukuk (continued)

           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. 110                      with PSAK No. 110 on "Accounting for Sukuk"
           tentang “Akuntansi Sukuk" sebagai berikut:                       as follows: (continued)
           (lanjutan)

           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 penghasilan                         other comprehensive income.
              komprehensif lain.                                            3.   At fair value through profit or loss (not
           3. Surat berharga diukur pada nilai wajar                             including transaction costs). Unrealized
              melalui laba rugi (tidak termasuk biaya                            gains or losses from the increase or
              transaksi). Laba rugi yang belum direalisasi                       decrease in fair values are presented in
              dari kenaikan atau penurunan surat                                 profit or loss.
              berharga disajikan dalam laba rugi.

       d. Pengukuran nilai wajar                                       d.   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 40.                              instruments are disclosed in Note 40.

           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.

                                                             15
Page 161
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)
      d.   Pengukuran nilai wajar (lanjutan)                            d.   Fair Value Measurement (continued)

           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:
           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.
                entitas pada tanggal pengukuran.
           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 and
           liabilitas berdasarkan sifat, karakteristik dan                     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.




                                                              16
Page 162
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
     Untuk 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.   Aset tetap                                             e.     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 accumulated
           bangunan, dinyatakan pada biaya perolehan                     depreciation and impairment losses.
           dikurangi akumulasi penyusutan dan akumulasi
           rugi penurunan nilai.

           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. An
           laporan perubahan ekuitas. Surplus revaluasi                  annual transfer from assets revaluation surplus
           tanah dan bangunan yang dipindahkan secara                    of land and buildings to retained earnings is
           periodik ke saldo laba adalah sebesar selisih                 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.




                                                             17
Page 163
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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.   Aset tetap (lanjutan)                                          e.   Fixed assets (continued)

           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.

           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.




                                                              18
Page 164
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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.   Aset tetap (lanjutan)                                          e.    Fixed assets (continued)

           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 lain                          profit or loss and other comprehensive income
           pada tahun aset tersebut            dihentikan                       in the year the asset is derecognized. The
           pengakuannya. Masa manfaat dan metode                                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.

      f.   Aset takberwujud                                                f.   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. The
           takberwujud. Estimasi umur manfaat aset                              estimated useful life of the Company’s
           takberwujud atas lisensi perangkat lunak                             computer          software         license       is
           Perusahaan adalah 5 tahun.                                           5 years.

           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.

      g.   Biaya dibayar di muka                                          g.    Prepaid expenses

           Biaya dibayar di muka diamortisasi selama                            Prepaid expenses are amortized using the
           masa manfaat menggunakan metode garis                                straight-line method.
           lurus.

      h.   Penurunan nilai aset non-keuangan                              h.    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 a
           digunakan, atau goodwill yang diperoleh dalam                        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.


                                                                19
Page 165
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
     Untuk 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.   Penurunan       nilai    aset     non-keuangan                  h.   Impairment        of      non-financial          assets
           (lanjutan)                                                           (continued)

           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.

           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.



                                                                 20
Page 166
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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.    Penurunan      nilai       aset   non-keuangan                h.     Impairment        of      non-financial          assets
            (lanjutan)                                                           (continued)

            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 a
            dasar yang sistematis selama sisa umur                               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 2023 dan 2022.                              as of December 31, 2023 and 2022.

      i.    Transaksi dan saldo dalam mata uang asing                     i.     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. At
            transaksi. Pada tanggal pelaporan, aset dan                          reporting date, monetary assets and liabilities in
            liabilitas moneter dalam mata uang asing                             foreign currencies are translated into Rupiah
            dijabarkan ke dalam Rupiah dengan                                    using Bank Indonesia middle rate of exchange
            menggunakan kurs rata-rata jual beli Bank                            prevailing at such date. Any resulting gains or
            Indonesia yang berlaku pada tanggal tersebut.                        losses are credited or charged to current
            Laba atau rugi kurs yang terjadi dikreditkan atau                    operations.
            dibebankan pada usaha tahun berjalan.
            Pada tanggal 31 Desember 2023 dan 2022,                              As of December 31, 2023 and 2022, the
            kurs nilai tukar (nilai penuh) yang digunakan                        exchange rates (full amount) used are as
            adalah sebagai berikut:                                              follows:

                                                    2023                  2022

             1 Dolar A.S. (USD)                            15.416                15.731                           1 U.S. Dollar (USD)
             1 Dolar Singapura (SGD)                       11.172                11.659                     1 Singapore Dollar (SGD)

       j.   Kas dan Bank                                                  j.     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 167
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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)

       k.   Kontrak asuransi dan investasi                                k.   Insurance and investment contracts

            Berdasarkan PSAK No. 62, “Kontrak Asuransi”,                       Based on PSAK No. 62, “Insurance Contract”,
            Perusahaan         harus mengklasifikasikan                        the Company should classify its contracts into
            kontraknya menjadi kontrak asuransi atau                           insurance contract or investment contract.
            kontrak investasi.

            Kontrak        dengan      pemegang         polis                  Contracts with policyholders are classified as
            diklasifikasikan baik sebagai “kontrak asuransi”                   either “insurance contracts” or “investment
            atau “kontrak investasi” tergantung dari tingkat                   contracts” depending on the level of insurance
            risiko asuransi yang dialihkan. Risiko asuransi                    risk transferred. Insurance risk is a pre-existing
            adalah risiko yang telah ada, selain risiko                        risk, other than financial risk, transferred from
            keuangan, yang ditransfer dari pemegang                            the contract holder to the contract issuer. In
            kontrak ke penerbit kontrak. Dalam hal dimana                      cases where significant insurance protection is
            perlindungan      asuransi    yang     signifikan                  provided, the contract is classified as an
            diberikan, kontrak tersebut diklasifikasikan                       insurance contract
            sebagai kontrak asuransi.

            Kontrak yang mengalihkan risiko keuangan,                          Contracts that transfer financial risk but not
            namun tidak berupa risiko asuransi signifikan,                     significant insurance risk are classified as
            diklasifikasikan sebagai kontrak investasi dan                     investment contracts, and are accounted for as
            dicatat sebagai liabilitas kepada pemegang                         a liability to the policyholders, equal to the
            polis, sama dengan jumlah yang diterima oleh                       amounts received by the Company and the
            Perusahaan dan imbal hasilnya.                                     returns thereon.

            Manajemen telah mereviu seluruh produk                             Management had reviews various products in
            berdasarkan kriteria spesifik di atas untuk                        light of the criteria specified above to determine
            menentukan klasifikasi kontrak, baik portofolio                    the classifications of contracts as either
            asuransi ataupun investasi, atas kontrak yang                      insurance or investment portfolio of contracts
            diterbitkan, dan menyimpulkan bahwa seluruh                        issued, and concluded that all the contracts
            kontrak yang diterbitkan oleh Perusahaan                           issued by the Company are insurance
            adalah kontrak asuransi.                                           contracts.

            Saat satu kontrak telah diklasifikasikan sebagai                   Once a contract has qualified as insurance
            kontrak asuransi, maka kontrak tersebut akan                       contract, it remains as an insurance contract
            tetap sebagai kontrak asuransi sampai seluruh                      until all rights and obligations are extinguished
            hak dan kewajiban telah diselesaikan atau jatuh                    or expired. Therefore, an insurance contract is
            tempo. Jadi suatu kontrak asuransi tidak dapat                     not reclassified as investment contract during
            direklasifikasi sebagai kontrak investasi selama                   its life even if the insurance risk is eliminated.
            masa hidupnya meskipun risiko asuransi telah
            berkurang.

            Kontrak asuransi berjangka waktu pendek                            Short-duration insurance         contracts    are
            adalah kontrak asuransi yang tidak memiliki                        insurance contracts that do not have a deposit
            komponen deposit dan jangka waktunya untuk                         component and provide coverage for
            12 bulan atau kurang dan umumnya                                   12 months or less and typically give the insurer
            memberikan hak kepada penanggung untuk                             the right to cancel or adjust the coverage at the
            membatalkan atau menyesuaikan jangka waktu                         end of the contract.
            pada akhir kontrak.




                                                                22
Page 168
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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.   Reasuransi                                                   l.   Reinsurance

            Perusahaan mereasuransikan polis-polis yang                       The Company reinsures all policies exceeding
            nilai pertanggungannya melebihi retensi sendiri                   its self-retention to reinsurance companies.
            kepada perusahaan-perusahaan reasuransi.                          under its reinsurance contracts held are
            Manfaat Perusahaan atas kontrak reasuransi                        recognized as reinsurance assets. These
            yang dimiliki diakui sebagai aset reasuransi.                     assets consist of receivables that are
            Aset ini terdiri dari piutang yang bergantung                     dependent on the expected claims and benefits
            pada klaim yang diperkirakan dan manfaat yang                     arising under the related reinsurance contracts.
            timbul dari kontrak reasuransi terkait.

            Sebagaimana disyaratkan oleh PSAK No. 62,                         As required by PSAK No. 62, reinsurance
            aset reasuransi tidak saling hapus dengan                         assets are not offset against the related
            liabilitas kontrak asuransi terkait.                              insurance contract liabilities.

            Piutang reasuransi diestimasi secara konsisten                    Reinsurance receivables are estimated in a
            dengan klaim yang disetujui terkait dengan                        manner consistent with settled claims
            kebijakan reasuradur dan sesuai dengan                            associated with the reinsurer’s policies and are
            kontrak reasuransi terkait.                                       in accordance with the related reinsurance
                                                                              contract.

            Perusahaan mereasuransikan sebagian risiko                        The Company reinsured part of its total
            atas ekspektasi pertanggungan yang diperoleh                      accepted risk to other insurance and
            kepada perusahaan asuransi lain dan                               reinsurance companies. The premium paid to
            perusahaan reasuransi. Jumlah premi yang                          the reinsurer on the reinsurer’s share of the
            dibayar atau bagian premi atas transaksi                          premium      on      prospective      reinsurance
            reasuransi prospektif diakui sebagai premi                        transaction is recognized as reinsurance
            reasuransi sesuai periode kontrak reasurasi                       premium over the reinsurance contract period
            secara proporsional dengan proteksi yang                          in proportion to the insurance coverage
            diberikan. Pembayaran atau liabilitas atas                        provided. A payment or obligation for
            transaksi reasuransi retrospektif diakui sebagai                  retrospective transaction is recognized as
            piutang reasuransi sebesar liabilitas yang                        reinsurance receivable from the reinsurer in the
            dibukukan sehubungan dengan kontrak                               amount equivalent to the payment made or
            asuransi tersebut.                                                recorded liability in relation to the reinsurance
                                                                              contract.

            Aset reasuransi termasuk saldo yang                               Reinsurance assets include balances expected
            diharapkan dibayarkan oleh perusahaan                             to be recovered from reinsurance companies
            reasuransi untuk ceded liabilitas manfaat polis                   for ceded liability for future policy benefits,
            masa depan, ceded estimasi liabilitas klaim,                      ceded estimated claim liabilities, and ceded
            dan ceded premi yang belum merupakan                              unearned      premium      reserves.   Amounts
            pendapatan. Jumlah manfaat yang ditanggung                        recoverable from reinsurers are estimated in a
            oleh reasuradur diestimasi secara konsisten                       manner consistent with the liability associated
            sesuai dengan liabilitas yang terkait dengan                      with the reinsured policy.
            polis reasuransi.

            Perusahaan menyajikan aset reasuransi secara                      The Company presents separately reinsurance
            terpisah atas liabilitas manfaat polis masa                       assets of liabilities for future policy benefit,
            depan, premi yang belum merupakan                                 unearned premium reserves, and estimated
            pendapatan, dan estimasi liabilitas klaim.                        claim liabilities.




                                                               23
Page 169
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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.   Reasuransi (lanjutan)                                        l.   Reinsurance (continued)

            Aset reasuransi ditelaah untuk penurunan nilai                    Reinsurance assets are reviewed for
            pada setiap tanggal pelaporan, atau lebih                         impairment at each reporting date, or more
            sering, ketika terdapat indikasi penurunan nilai                  frequently, when an indication of impairment
            selama tahun pelaporan.                                           arises during the reporting year.

            Penurunan nilai terjadi ketika terdapat bukti                     Impairment occurs when there is objective
            obyektif sebagai akibat dari suatu peristiwa                      evidence as a result of an event that occurred
            yang terjadi setelah pengakuan awal aset                          after initial recognition of the reinsurance assets
            reasuransi bahwa Perusahaan tidak dapat                           that the Company may not receive all
            menerima seluruh jumlah tercatat karena                           outstanding amounts due under the term of the
            berdasarkan ketentuan kontrak dan hal tersebut                    contract and the event has a reliably
            memiliki dampak yang dapat diukur dengan                          measurable impact on the amounts that the
            handal yang akan memengaruhi jumlah yang                          Company will receive from the reinsurer. The
            akan diterima oleh Perusahaan dari reasuradur.                    impairment loss is recognized in the statement
            Kerugian penurunan nilai dicatat dalam laporan                    of profit or loss and other comprehensive
            laba rugi dan penghasilan komprehensif lain.                      income.

       m. Liabilitas manfaat polis masa depan                            m. Liability for future policy benefits

            Liabilitas manfaat polis masa depan merupakan                     Liability for future policy benefits represent the
            selisih antara nilai kini manfaat polis masa                      difference between the present value of future
            depan dan nilai kini premi masa depan yang                        policy benefits and the present value of the
            diharapkan.                                                       expected future premiums.

            Liabilitas manfaat polis masa depan diestimasi                    The liability for future policy benefits are
            oleh aktuaris Perusahaan berdasarkan polis                        estimated by the Company’s registered actuary
            yang masih hidup (in-force), termasuk polis-                      based on outstanding policies in-force,
            polis yang belum dibayar preminya dalam                           including policies with unpaid premiums within
            periode masa leluasaan (grace period) polis.                      the policy grace period. Policy acquisition costs
            Biaya akuisisi polis tidak ditangguhkan dan                       are not deferred and are charged as expense
            dibebankan langsung pada saat terjadinya.                         when incurred. Changes in liability for future
            Perubahan liabilitas manfaat polis masa depan                     policy benefits are recognized in the statement
            diakui dalam laporan laba rugi dan penghasilan                    of profit or loss and other comprehensive
            komprehensif lain.                                                income.

            Liabilitas manfaat polis masa depan diakui pada                   The liability for future policy benefits are
            saat kontrak dimulai dan premi telah dikenakan.                   recognized when contracts are entered into and
            Liabilitas ditentukan berdasarkan penjumlahan                     premiums are charged. The liability is
            nilai diskonto atas manfaat masa depan yang                       determined as the sum of the discounted value
            diharapkan, biaya penanganan klaim dan                            of the expected future benefits, claims handling
            beban administrasi polis, opsi pemegang polis                     and        policy  administration     expenses,
            dan jaminan, setelah dikurangi hasil investasi                    policyholder options and guarantees, net of
            dari aset pendukung atas liabilitas tersebut,                     investment income from assets backing such
            yang secara langsung berhubungan dengan                           liabilities, which are directly related to the
            kontrak, dan dikurangi nilai diskonto atas                        contract, and less the discounted value of the
            penerimaan premi yang diharapkan dapat                            expected premiums that would be required to
            memenuhi arus kas keluar masa depan                               meet the future cash outflows based on the
            berdasarkan asumsi-asumsi yang digunakan.                         valuation assumptions used.




                                                               24
Page 170
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
     Untuk 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.   Tes kecukupan liabilitas                                       n.   Liability adequacy test

            Perusahaan menilai pada setiap akhir periode                        The Company assesses at the end of each
            pelaporan apakah liabilitas asuransi yang diakui                    reporting date whether its recognized insurance
            telah mencukupi, dengan menggunakan                                 liabilities are adequate, using current estimates
            estimasi kini atas arus kas masa depan                              of discounted future cash flows using current
            menggunakan tingkat diskonto pasar masa kini                        market rate under its insurance contract.
            berdasarkan kontrak asuransi.

            Jika penilaian tersebut menunjukkan bahwa                           If the assessment shows that the carrying
            nilai tercatat liabilitas asuransi tidak mencukupi                  amount of its insurance liabilities is inadequate
            dibandingkan dengan estimasi arus kas masa                          in the light of the estimated future cash flows,
            depan, maka seluruh kekurangan tersebut                             the entire deficiency shall be recognized in the
            diakui dalam laporan laba rugi.                                     statement of profit or loss.

       o.   Pengakuan pendapatan                                           o.   Revenue recognition

            Pendapatan premi kontrak jangka pendek (polis                       Premiums from short-term insurance contracts
            dengan jangka waktu satu tahun, kesehatan                           (one-year-term policies, health and personal
            dan kecelakaan diri) diakui sebagai pendapatan                      accident) are recognized as income by the
            oleh Perusahaan selama jangka waktu                                 Company over the periods of risk coverage in
            penutupan risiko secara proporsional dengan                         proportion to the amounts of the insurance
            jumlah proteksi yang diberikan selama periode                       protection provided. Premiums from long-term
            pertanggungan. Pendapatan premi kontrak                             contracts (including unit link policies) are
            jangka panjang (termasuk polis unit link) diakui                    recognized as income by the Company upon
            sebagai pendapatan oleh Perusahaan pada                             the receipt of the first policy premiums and the
            saat penerimaan premi polis yang pertama dan                        issuance of subsequent billings.
            penerbitan tagihan premi berikutnya.

            Premi yang diterima sebelum diterbitkannya                          Premium received prior to the issuance of
            polis asuransi dicatat sebagai simpanan                             insurance policies is recorded as policyholders
            pemegang polis pada laporan posisi keuangan.                        deposit in the statement of financial
            Premi dari polis bersama diakui sebesar bagian                      position. Premium from coinsurance is
            premi Perusahaan. Pendapatan premi disajikan                        recognized as income based on the Company's
            sebagai premi bruto dalam laporan laba rugi                         proportionate share in the premium. Premium
            dan penghasilan komprehensif lain.                                  income is presented as gross premium in the
                                                                                statement of profit or loss and other
                                                                                comprehensive income.

            Bagian pendapatan premi kontrak asuransi                            A portion of premium revenue from short-term
            jangka pendek yang ditangguhkan sebagai                             insurance contracts is deferred as unearned
            premi   belum     merupakan       pendapatan,                       premium, representing the premium relating to
            merupakan premi dalam kaitannya dengan sisa                         the remaining term of coverage. Unearned
            periode   pertanggungan.      Premi      belum                      premium is calculated using the daily prorate
            merupakan pendapatan dihitung menggunakan                           method at individual policy level.
            metode prorata harian secara polis individual.

            Setiap tanggal pelaporan, premi pemegang                            At reporting date, premiums due from
            polis yang telah jatuh tempo kurang dari periode                    policyholders less than grace period but not yet
            leluasaan namun belum diterima, dicatat                             received, are recorded as premiums receivable.
            sebagai piutang premi.




                                                                 25
Page 171
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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.   Pengakuan pendapatan (lanjutan)                              o.   Revenue recognition (continued)

            Kenaikan (penurunan) premi yang belum                             Increase (decrease) in unearned premium
            merupakan pendapatan diakui sebagai beban                         reserves is recognized as expense (income) in
            (pendapatan) pada laba rugi tahun berjalan.                       the profit or loss for the year. This liability is
            Liabilitas ini dihentikan pengakuannya pada                       derecognized when the contract expires, is
            saat kontrak berakhir, dilepaskan atau                            discharged or is cancelled.
            dibatalkan.

            Biaya polis yang dibebankan atas polis unit link                  Policy fees charged on unit link policies for
            untuk kematian, manajemen aset dan                                mortality, asset management and policy
            administrasi polis, diakui sebagai pendapatan                     administration, are recognized as revenue
            pada saat asuransi dan jasa telah diberikan.                      when insurance coverage and the related
                                                                              services are rendered.

            Hasil investasi diakui secara akrual harian.                      Investment income is accrued on a daily basis.

            Pendapatan lain-lain diakui pada saat diperoleh                   Other income is recognized when earned and
            dan telah menjadi hak.                                            vested.

       p.   Pengakuan beban akuisisi                                     p.   Acquisition costs recognition

            Beban yang timbul untuk mendapatkan polis                         Policy acquisition costs, such as commissions,
            seperti komisi, beban penerbitan polis dan                        policy issuance cost and underwriting
            beban underwriting dibebankan secara                              expenses, are charged directly to the statement
            langsung dalam laporan laba rugi dan                              of profit or loss and other comprehensive
            penghasilan komprehensif lain pada tahun                          income of the current year.
            berjalan.

            Beban akuisisi ditangguhkan pada polis jangka                     Deferred acquisition cost for short-term policies
            pendek disajikan sebagai pengurang premi                          is presented as deduction to unearned premium
            yang belum merupakan pendapatan.                                  income.

            Pada beberapa polis produk unit link kategori                     For some unit link product in the Back End
            Back End Loading dan Hybrid yang telah                            Loading and Hybrid categories that have
            mendapatkan persetujuan dari Otoritas Jasa                        obtained approval from the Financial Service
            Keuangan, biaya akuisisi ditangguhkan dan                         Authority, the acquisition costs are deferred and
            disajikan sebagai biaya akuisisi tangguhan                        presented as deferred acquisition cost in the
            dalam akun aset lain-lain serta diamortisasi                      other assets account and is amortized with
            secara garis lurus.                                               straight-line method.




                                                               26
Page 172
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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.   Klaim dan manfaat, utang          klaim   dan               q.   Claims and benefits, claims payable and
            estimasi liabilitas klaim                                        estimated claims liability

            Beban klaim dan manfaat termasuk klaim yang                      Claims and benefits include settled claims and
            telah disetujui dan manfaat asuransi yang telah                  insurance benefits paid, net of reinsurance
            dibayar, dikurangi klaim reasuransi, klaim yang                  recoveries, claims reported and outstanding
            telah dilaporkan dan belum disetujui dan                         and estimated claims incurred but not yet
            estimasi klaim yang telah terjadi namun belum                    reported. The difference between estimated
            dilaporkan. Selisih antara estimasi utang klaim                  claims payable and claims paid is recognized in
            dan klaim dibayar diakui sebagai hasil                           the results of operations of the period in which
            operasional pada periode dimana klaim                            claims are settled.
            tersebut disetujui.

            Klaim dibayar termasuk klaim yang telah jatuh                    Claims paid include maturities, surrenders and
            tempo, klaim penebusan dan kematian. Klaim                       deaths. Maturity claims are recorded as
            yang telah jatuh tempo dicatat sebagai beban                     charges on the policy maturity date. Surrenders
            pada tanggal jatuh tempo polis. Klaim                            are charged to the statement of profit or loss
            penebusan dibebankan dalam laporan laba rugi                     and other comprehensive income when paid
            dan penghasilan komprehensif lain pada saat                      and death claims are recorded when notified.
            dibayar dan klaim kematian dicatat pada saat
            diberitahukan.

            Utang klaim merupakan liabilitas kepada                          Claims payable represent liabilities to
            pemegang polis sehubungan dengan nilai tunai,                    policyholders related to cash value, death and
            kematian dan jatuh tempo yang telah disetujui                    maturity which are already approved for
            untuk dibayar.                                                   payment.

            Estimasi liabilitas klaim termasuk klaim yang                    Estimated claims liability includes claims that
            sedang dalam proses dan klaim yang terjadi                       are still in process and claims incurred but not
            namun belum dilaporkan.                                          yet reported.

            Klaim yang terjadi namun belum dilaporkan                        Claims already incurred but not yet reported are
            dicatat sebagai “Estimasi Liabilitas Klaim”                      recorded as "Estimated Claims Liability" based
            berdasarkan perhitungan taksiran dari aktuaris                   on the estimates made by the Company's
            Perusahaan dan dengan mempertimbangkan                           actuary and based on prior years experiences.
            pengalaman tahun-tahun sebelumnya.

            Klaim reasuransi diakui pada saat klaim                          Reinsurance claims are recognized when the
            asuransi bruto terkait diakui berdasarkan                        related gross claim insurance is recognized
            jangka waktu kontrak yang relevan.                               according to the terms of the relevant contract.




                                                              27
Page 173
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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)

       r.   Polis unit link                                               r.   Unit link policies

            Kontrak tertentu dengan jangka waktu yang                          Certain long-duration contracts (unit link
            panjang (polis unit link) terhubung dengan                         policies) are linked to specific portfolios of
            portofolio aset tertentu. Kontrak-kontrak                          assets. Such contracts provide benefits to
            tersebut     memberikan      manfaat   kepada                      policyholders, which are wholly or partly
            pemegang polis, baik secara keseluruhan atau                       determined by reference to the value of specific
            sebagian ditentukan dengan mengacu kepada                          investments or income thereof. Such contracts
            nilai investasi tertentu atau penghasilan atas                     also provide life insurance coverage of
            investasi tersebut. Kontrak-kontrak tersebut                       guaranteed death benefits.
            juga memberikan cakupan asuransi jiwa yang
            dijamin dengan manfaat kematian.

            Investasi yang dimiliki untuk menutup polis unit                   Investments held to cover the unit link policies
            link diakui dan dicatat pada nilai wajar dalam                     are recognized and carried at fair value in the
            laporan posisi keuangan; biaya transaksi awal                      statement of financial position; the initial
            diakui dalam laporan laba rugi dan penghasilan                     transaction costs are recognized in the
            komprehensif lain. Penyesuaian nilai wajar dan                     statement of profit or loss and other
            keuntungan dan kerugian yang direalisasi                           comprehensive income. Fair value adjustments
            diakui dalam laba rugi.                                            and realized gains and losses are recognized in
                                                                               the profit or loss.

            Liabilitas produk unit link diakui pada saat dana                  Liability for unit link products is recognized at
            yang diterima, setelah dikurangi biaya-biaya,                      the time the funds received, net of related
            dikonversi menjadi unit investasi. Liabilitas                      expenses, are converted into units. Liability for
            produk unit link akan bertambah atau berkurang                     unit link products will increase or decrease in
            sesuai dengan nilai aset neto unit investasi.                      accordance with prevailing net assets value.

            Pendapatan dari polis unit link termasuk dalam                     Revenues from unit link policies are included in
            premi bruto dan terdiri dari biaya yang                            gross premiums and consist of policy charges
            dikenakan untuk       biaya asuransi dan                           for the cost of insurance and administration.
            administrasi. Beban-beban termasuk bunga                           Expenses include interest credited to policy
            yang dikreditkan ke saldo polis dan                                account balances and benefit payments made
            pembayaran manfaat yang terjadi karena                             in excess of the unit holders’ account balances.
            adanya kelebihan saldo pemegang unit.

            Bagian investasi dari polis-polis yang sudah                       The investment portion from the lapse policies
            lapse dikeluarkan dari liabilitas unit link dan                    are excluded from the liability for unit link and is
            dicatat sebagai utang klaim lapse dalam utang                      recorded as lapse claim in other liabilities
            lain-lain.                                                         account.




                                                                28
Page 174
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       s.   Aktivitas syariah                                           s.   Sharia activities

            Perusahaan menerapkan PSAK No. 101,                              The Company adopted PSAK No. 101,
            “Penyajian Laporan Keuangan Syariah” dan                         “Presentation of Sharia Financial Statements”
            PSAK No. 108, “Akuntansi Transaksi Asuransi                      and PSAK No. 108, “Accounting for Sharia
            Syariah”.                                                        Insurance Transaction”.

            PSAK No. 108 mengatur beberapa hal berikut:                      PSAK No. 108 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 dan dana                             consist of investment fund and tabarru fund.
            investasi.

            Dana peserta yang terdiri dari dana tabarru dan                  Participants’ fund that consist of investment
            dana investasi dibedakan dari liabilitas dan                     fund and tabarru fund is distinguished from
            ekuitas dan disajikan terpisah dalam laporan                     liabilities and equity and is separately
            posisi keuangan.                                                 presented in the statement of financial position.




                                                              29
Page 175
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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)

       s.   Aktivitas syariah (lanjutan)                                  s.   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. Surplus                         in each period from the tabarru fund surplus.
            dibagikan kepada peserta asuransi syariah                          The surplus is distributed to sharia participants
            pada akhir jangka waktu polis berdasarkan                          at the end of the policy term based on the
            “nisbah” yang disepakati.                                          agreed “nisbah”.

            Ujrah adalah kompensasi yang diterima oleh                         Ujrah is the Company’s compensation for
            Perusahaan karena telah mengatur dana.                             managing the fund.

       t.   Perpajakan                                                    t.   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.




                                                                30
Page 176
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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.   Perpajakan (lanjutan)                                        t.   Taxation (continued)

            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.

            Beban pajak kini ditentukan berdasarkan                           Current tax expense is determined based on the
            penghasilan kena pajak dalam tahun yang                           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 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.




                                                               31
Page 177
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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.   Perpajakan (lanjutan)                                         t.    Taxation (continued)

            Pajak tangguhan (lanjutan)                                         Deferred tax (continued)

            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.

      u.    Instrumen keuangan                                                  u.    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”).

            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                               the principal amount outstanding. This
            terutang. Penilaian ini disebut sebagai uji SPPB                   assessment is referred to as the SPPI test and
            dan dilakukan pada tingkat instrumen.                              is performed at an instrument level.




                                                                32
Page 178
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       u.   Instrumen keuangan (lanjutan)                               u.    Financial instruments (continued)

            Aset keuangan (lanjutan)                                          Financial assets (continued)

            Pengakuan dan Pengukuran Awal (lanjutan)                         Initial Recognition and Measurement
                                                                             (continued)

            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),                         ·   Financial assets designated at FVOCI with
            ● Aset keuangan pada NWPKL tanpa                                      no recycling of cumulative gains and losses
                reklasifikasi ke keuntungan dan kerugian                          upon derecognition (equity instruments),
                kumulatif atas pelepasan (instrumen                               and
                ekuitas), dan                                                 ·   FVTPL.
            ● NWLR.

            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.




                                                              33
Page 179
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       u.   Instrumen keuangan (lanjutan)                               u.   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 koasuransi, piutang lain-                    reinsurance      receivables,      coinsurance
            lain, investasi dalam deposito berjangka,                        receivables, other receivables, investments in
            pinjaman hipotik, pinjaman polis dan aset lain-                  the form of time deposits, mortgage loans,
            lain - jaminan.                                                  policy loans and other assets – deposits.

            Aset keuangan pada NWPKL (instrumen                              Financial assets at FVOCI (debt instruments)
            utang)
            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                    comprehensive       income       (OCI).   Upon
            komprehensif     lain   (PKL).   Pada      saat                  derecognition, the cumulative fair value
            penghentian pengakuan, perubahan nilai wajar                     change recognized in OCI is recycled to profit
            kumulatif yang diakui di PKL direklasifikasi ke                  or loss.
            laba rugi.

            Instrumen utang Perusahaan yang diukur pada                      The Company’s debt instruments at FVOCI
            NWPKL termasuk investasi pada instrumen                          includes investments in debt instruments.
            utang.




                                                              34
Page 180
                                                                                    The original supplementary information included herein
                                                                                                          are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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)

       u. Instrumen keuangan (lanjutan)                                   u.   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)                                        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. 50 and
          ekuitas sesuai PSAK No. 50 dan tidak dimiliki                        are not held for trading. The classification is
          untuk diperdagangkan. Klasifikasi ditentukan                         determined on an instrument-by-instrument
          atas basis instrumen per instrumen.                                  basis.

           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 2023 dan 2022                              As of December 31 2023 and 2022, 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 oleh                         investments which the Company had not
           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.




                                                                35
Page 181
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
     Untuk 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)

       u.   Instrumen keuangan (lanjutan)                                  u.   Financial instruments (continued)

            Aset keuangan (lanjutan)                                            Financial assets (continued)

            Pengukuran Selanjutnya (lanjutan)                                   Subsequent Measurement (continued)

            Aset Keuangan pada nilai wajar melalui laba                         Financial assets at fair value through profit or
            rugi (“NWLR”) (lanjutan)                                            loss (“FVTPL”) (continued)
            Derivatif melekat dalam kontrak hibrida, dengan                     A derivative embedded in a hybrid contract, with
            liabilitas keuangan atau kontrak utama non-                         a financial liability or non-financial host, is
            keuangan, dipisahkan dari kontrak utamanya                          separated from the host and accounted for as a
            dan dicatat sebagai derivatif terpisah jika:                        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 same
            terpisah dengan persyaratan yang sama                               terms as the embedded derivative would meet
            dengan derivatif melekat akan memenuhi                              the definition of a derivative; and the hybrid
            definisi derivatif; dan kontrak revisedhibrida ini                  contract is not measured at FVTPL. Embedded
            tidak diukur pada NWLR. Derivatif melekat                           derivatives are measured at fair value with
            diukur pada nilai wajar dengan perubahan nilai                      changes in fair value recognized in profit or loss.
            wajar diakui dalam laba rugi. Penilaian ulang                       Reassessment only occurs if there is either a
            hanya terjadi jika terdapat perubahan baik                          change in the terms of the contract that
            dalam persyaratan kontrak yang secara                               significantly modifies the cash flows that would
            signifikan mengubah arus kas yang sebaliknya                        otherwise be required or a reclassification of a
            akan diperlukan, atau reklasifikasi aset                            financial asset out of the FVTPL category.
            keuangan di luar dari kategori NWLR.

            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 (i.e.,
            terutama dihentikan pengakuannya (yaitu,                            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 to a
                 penuh tanpa penundaan yang material                                 third party under a ‘pass-through’ arrangement;
                 kepada      pihak    ketiga   berdasarkan                           and either (a) the Company has transferred
                 kesepakatan ‘pass-through’, dan salah                               substantially all the risks and rewards of the
                 satu    dari    (a)   Perusahaan       telah                        asset, or (b) the Company has neither
                 mengalihkan secara substansial seluruh                              transferred nor retained substantially all the
                 risiko dan manfaat atas aset, atau (b)                              risks and rewards of the asset, but has
                 Perusahaan tidak mengalihkan maupun                                 transferred control of the asset
                 tidak memiliki secara substansial atas
                 seluruh risiko dan manfaat atas aset, tetapi
                 telah mengalihkan kendali atas aset.




                                                                 36
Page 182
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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)

       u. Instrumen keuangan (lanjutan)                                  u.   Financial instruments (continued)

           Aset keuangan (lanjutan)                                           Financial assets (continued)

           Penghentian Pengakuan (lanjutan)                                   Derecognition (continued)

           Ketika Perusahaan telah mengalihkan haknya                         When the Company has transferred its rights
           untuk menerima arus kas dari suatu aset atau                       to receive cash flows from an asset or has
           telah menandatangani kesepakatan ‘pass-                            entered into a pass-through arrangement, it
           through’, Perusahaan mengevaluasi jika, dan                        evaluates if, and to what extent, it has retained
           sejauh       mana,     Perusahaan          masih                   the risks and rewards of ownership. When it
           mempertahankan risiko dan manfaat atas                             has neither transferred nor retained
           kepemilikan aset. Ketika Perusahaan tidak                          substantially all of the risks and rewards of the
           mengalihkan maupun seluruh risiko dan                              asset, nor transferred control of the asset, the
           manfaat atas aset dipertahankan secara                             Company continues to recognize the
           substansial, maupun tidak mengalihkan kendali                      transferred asset to the extent of its continuing
           atas aset, Perusahaan tetap mengakui aset                          involvement. In that case, the Company also
           yang      dialihkan   sebesar        keterlibatan                  recognizes an associated liability. The
           berkelanjutannya. Dalam kasus tersebut,                            transferred asset and the associated liability
           Perusahaan juga mengakui liabilitas terkait.                       are measured on a basis that reflects the rights
           Aset yang dialihkan dan liabilitas terkait diukur                  and obligations that the Company has
           dengan basis yang mencerminkan hak dan                             retained.
           kewajiban yang masih dipertahankan oleh
           Perusahaan.

           Keterlibatan berkelanjutan dalam bentuk                            Continuing involvement that takes the form of
           jaminan atas aset yang ditransfer, diukur pada                     a guarantee over the transferred asset is
           nilai yang lebih rendah antara jumlah tercatat                     measured at the lower of the original carrying
           awal aset dan jumlah maksimum imbalan yang                         amount of the asset and the maximum amount
           dibutuhkan oleh Perusahaan untuk membayar                          of consideration that the Company could be
           kembali.                                                           required to repay.

           Penurunan Nilai                                                    Impairment

           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.




                                                               37
Page 183
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
     Untuk 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)

       u. Instrumen keuangan (lanjutan)                                   u.   Financial instruments (continued)

           Aset keuangan (lanjutan)                                            Financial assets (continued)

           Penurunan Nilai (lanjutan)                                          Impairment (continued)

           KKE diakui dalam dua tahap. Bila belum                              ECLs are recognized in two stages. When there
           terdapat peningkatan risiko kredit signifikan                       have been significant increases in credit risks
           sejak pengakuan awal, KKE diakui untuk                              since initial recognition, ECLs are provided for
           kerugian kredit yang dihasilkan dari peristiwa                      credit losses that result from default events that
           gagal bayar yang mungkin terjadi dalam jangka                       are possible within the next 12-months (a 12-
           waktu 12 bulan ke depan (KKE 12 bulan).                             month ECL). But, when there have been
           Namun, bila telah terdapat peningkatan                              significant increases in credit risks since initial
           signifikan risiko kredit sejak pengakuan awal,                      recognition, a loss allowance is recognized for
           penyisihan kerugian diakui untuk kerugian kredit                    credit losses expected over the remaining life of
           yang diperkirakan selama sisa umur aset, tanpa                      the asset, irrespective of timing of the default (a
           mempertimbangkan waktu gagal bayar (KKE                             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.




                                                                38
Page 184
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       u. Instrumen keuangan (lanjutan)                                 u.   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 oleh 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
           instrumen tersebut setiap 12 bulan. Namun, jika                   on 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
           penurunan nilai secara kolektif dihitung dengan                   losses on impaired financial assets that was
           menggunakan metode statistik dari data                            assessed collectively, the Company uses
           historis berupa Probability of Default di masa                    statistical method of the historical data such as
           lalu, waktu pengembalian dan jumlah kerugian                      the Probability of Defaults, time of recoveries,
           yang terjadi (Loss Given Default) yang                            the amount of loss incurred (Loss Given
           selanjutnya    disesuaikan       lagi    dengan                   Default), considering management’s judgment
           pertimbangan manajemen terkait kondisi                            of current 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
          Perusahaan juga dapat mempertimbangkan                             to 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
          menerima jumlah kontraktual terutang secara                        credit enhancements held by the Company. A
                                                                             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.




                                                              39
Page 185
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       u. Instrumen keuangan (lanjutan)                                 u.   Financial instruments (continued)

           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.

           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
          dilakukan oleh Perusahaan dimana instrumen                         entere into by the Company that are not
          derivatif tersebut tidak ditetapkan sebagai                        designated as hedging instruments in hedge
          instrumen lindung nilai dalam hubungan lindung                     relationships as defined by PSAK No. 71.
          nilai sebagaimana didefinisikan dalam PSAK
          No. 71.




                                                              40
Page 186
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       u.   Instrumen keuangan (lanjutan)                               u.   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. 71 dan                          recognition at FVTPL are designated at the
            ditetapkan pada tanggal pengakuan awal.                          initial date of recognition, and only if the criteria
            Perusaan tidak menetapkan liabilitas keuangan                    in PSAK No. 71 are satisfied. The Company has
            apapun sebagai liabilitas yang diukur pada                       not designated any financial liability as at
            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.




                                                              41
Page 187
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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)

       u.   Instrumen keuangan (lanjutan)                                u.   Financial instruments (continued)

            Liabilitas keuangan (lanjutan)                                    Financial liabilities (continued)

            Pengukuran Selanjutnya (lanjutan)                                 Subsequent Measurement (continued)

            (ii) Utang dan Akrual                                             (ii) Payables and Accruals

               Liabilitas untuk utang reasuransi, utang                           Liabilities for due to reinsurers, due to
               koasuransi, utang komisi, beban akrual,                            coinsurer, commissions payable, accrued
               utang lain-lain, liabilitas sewa dan utang                         expenses, other liabilities, lease liabilities
               klaim dinyatakan sebesar jumlah tercatat                           and claims payable are stated at carrying
               (jumlah nosional), yang kurang lebih                               amounts       (notional  amounts),    which
               sebesar nilai wajarnya.                                            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.




                                                               42
Page 188
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                           PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                    (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                              SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                     As of December 31, 2023
     Untuk 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)

       v. Imbalan kerja karyawan                                      v.   Employment benefits

          Perusahaan mencatat penyisihan manfaat                           The Company provides provisions for
          karyawan sesuai dengan Perjanjian Kerja                          employee benefits under Collective Labor
          Bersama dan Undang-undang Cipta Kerja No.                        Agreement and Job Creation Law No. 11/2020
          11/2020 (“UU Cipta Kerja”, (UUCK). Penyisihan                    (the “Cipta Kerja Law”, (UUCK). The said
          tersebut diestimasi dengan menggunakan                           provisions are estimated using actuarial
          perhitungan aktuarial metode “Projected Unit                     calculations using the “Projected Unit Credit”
          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.

          Keuntungan dan kerugian aktuarial yang timbul                    Actuarial gains and losses arising from
          dari penyesuaian pengalaman dan perubahan                        experience adjustments and changes in
          asumsi aktuarial dibebankan atau dikreditkan                     actuarial assumptions are charged or credited
          pada penghasilan komprehensif lain dan                           to other comprehensive income and is
          disajikan pada bagian ekuitas.                                   presented in the equity section.




                                                            43
Page 189
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

       v. Imbalan kerja karyawan (lanjutan)                             v.   Employment benefits (continued)

          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, net
          neto dalam laba rugi dan pengukuran kembali                        interest on the net defined benefit liability in
          liabilitas imbalan pasti neto dalam penghasilan                    profit or loss and remeasurement of the net
          komprehensif lain.                                                 defined      benefit    liabilities    in     other
                                                                             comprehensive income.

          Pada bulan April 2022, Dewan Standar                               In April 2022, the Institute of Indonesia
          Akuntansi Keuangan Ikatan Akuntan Indonesia                        Chartered Accountants’ Accounting Standard
          (“DSAK IAI”) menerbitkan siaran pers atas                          Board (“DSAK IAI”) issued a press release
          persyaratan pengatribusian imbalan pada                            regarding attribution of benefits to periods of
          periode jasa sesuai PSAK 24: Imbalan Kerja                         service in accordance with PSAK 24: Imbalan
          yang diadopsi dari IAS 19 Employee Benefits.                       Kerja which was adopted from IAS 19
          Siaran pers tersebut menyampaikan informasi                        Employee Benefits. The press release
          bahwa pola fakta umum dari program pensiun                         conveyed the information that the fact pattern of
          berbasis undang-undang ketenagakerjaan                             the pension program based on the Labor Law
          yang berlaku di Indonesia saat ini memiliki pola                   currently enacted in Indonesia is similar to
          fakta serupa dengan yang ditanggapi dan                            those responded and concluded in the IFRS
          disimpulkan     dalam     IFRS     Intepretation                   Interpretation Committee (“IFRIC”) Agenda
          Committee     (“IFRIC”)     Agenda     Decision                    Decision Attributing Benefit to Periods of
          Attributing Benefit to Periods of Service (IAS                     Service (IAS 19). The Company has adopted
          19). Perusahaan telah menerapkan siaran pers                       the said press release and accordingly changed
          tersebut dan dengan demikian merubah                               its accounting policy regarding attribution of
          kebijakan akuntansi terkait atribusi imbalan                       benefits to periods of service previously
          kerja pada periode jasa dari kebijakan yang                        applied.
          diterapkan sebelumnya.

          Pada tahun-tahun sebelumnya, Perusahaan                            In prior years, the Company attribute benefits
          mengatribusikan imbalan berdasarkan formula                        under the defined benefit plan’s benefit formula
          imbalan program imbalan pasti berdasarkan                          to periods of service from the date when
          masa kerja sejak tanggal pekerja memberikan                        employees provide their services until their
          jasa hingga usia pensiun. Mulai 1 Januari 2022,                    retirement age. Starting from January, 1 2022,
          berdasarkan siaran pers, Perusahaan telah                          based on the press release, the Company
          mengubah kebijakan akuntansinya untuk                              change the policy for attributing benefits under
          mengatribusikan imbalan berdasarkan program                        the plan to the date when employee service first
          tersebut, yaitu dari tanggal ketika jasa pekerja                   leads to benefits under the plan until the date
          pertama kali menghasilkan imbalan dalam                            when further employee service will lead to no
          program sampai dengan tanggal ketika jasa                          material amount of further benefits under the
          pekerja selanjutnya tidak akan menghasilkan                        plan. However, the impact of the change
          jumlah imbalan yang material di bawah program                      accounting policy is not material to the financial
          tersebut. Namun, perubahan dari kebijakan                          statements and charged to current period.
          akuntansi tersebut tidak berdampak material
          terhadap laporan keuangan dan telah
          dibebankan pada periode berjalan.




                                                              44
Page 190
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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)

       v. Imbalan kerja karyawan (lanjutan)                              v.   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).

          Beban imbalan jangka panjang lainnya                                The cost of providing other long-term employee
          ditentukan dengan metode Projected Unit                             benefits is determined using the Projected Unit
          Credit dengan metode yang disederhanakan di                         Credit method using simplified method of not
          mana metode ini tidak mengakui pengukuran                           recognizing       remeasurements      in     other
          kembali dalam penghasilan komprehensif lain.                        comprehensive income. The net total of service
          Total nilai neto dari biaya jasa kini, beban bunga                  cost, net interest on the net defined benefit
          neto atas liabilitas imbalan pasti neto dan                         liability and remeasurements of the net defined
          pengukuran kembali liabilitas imbalan pasti neto                    benefit liability are recognized in profit or loss
          diakui pada laba rugi tahun berjalan.                               for the year.

      w. Sewa                                                            w. 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.




                                                               45
Page 191
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                           PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                    (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                              SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                     As of December 31, 2023
     Untuk 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. Sewa (lanjutan)                                             w. Lease (continued)

          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, a
          mengandung, sewa. Suatu kontrak merupakan                      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.

          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.   The Company has the right to operate
              1.   Perusahaan memiliki hak         untuk                          the asset; or
                   mengoperasikan aset; atau
                                                                             2.   The Company has designed the asset
              2.   Perusahaan telah mendesain aset                                in a way that predetermines how and
                   dengan cara menetapkan sebelumnya                              for what purpose it will be used.
                   bagaimana dan untuk tujuan apa aset
                   akan digunakan selama periode
                   penggunaan.

          Pada tanggal insepsi atau pada penilaian                       At the inception or on reassessment of a
          kembali atas kontrak yang mengandung                           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.




                                                            46
Page 192
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
     Untuk 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. Sewa (lanjutan)                                              w. Lease (continued)

          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.

          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.

       x. Provisi                                                      x.   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.



                                                             47
Page 193
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
     Untuk 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)

       x. Provisi (lanjutan)                                           x.   Provisions (continued)

           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.

      y.   Kontinjensi                                                 y.   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.

      z.   Peristiwa setelah periode pelaporan                         z.   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.

       aa. Informasi segmen                                            aa. Segments information

           Perusahaan menerapkan PSAK No. 5,                                The Company applied PSAK No. 5, “Operating
           “Segmen      Operasi”,      yang    mengatur                     Segments”, which requires disclosures that will
           pengungkapan yang memungkinkan pengguna                          enable users of financial statements to evaluate
           laporan keuangan untuk mengevaluasi sifat dan                    the nature and financial effects of the business
           dampak keuangan dari aktivitas bisnis yang                       activities in which the entity engages and the
           mana entitas terlibat dan lingkungan ekonomi                     economic environments in which it operates.
           dimana entitas beroperasi.

           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.




                                                             48
Page 194
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
     Untuk 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)

       aa. Informasi segmen (lanjutan)                                 aa. Segments information (continued)

           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 death
           kematian, dwiguna, seumur hidup, kesehatan,                     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.

      ab. Laba per saham                                               ab. 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 2023 dan 2022.                                     2023 and 2022.

       ac. Penyesuaian standar akuntansi keuangan                      ac. Annual    improvements                of      financial
                                                                           accounting standards

           Perusahaan menerapkan pertama kali seluruh                     The Company made first time adoption of all the
           standar baru dan/atau yang direvisi yang                       new and/or revised standards effective for the
           berlaku efektif untuk periode yang dimulai pada                periods beginning on or after January 1, 2023,
           atau setelah 1 Januari 2023, termasuk standar                  including the following revised standards that
           yang direvisi berikut ini yang mempengaruhi                    have affected the financial statements of the
           laporan keuangan Perusahaan:                                   Company:




                                                             49
Page 195
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                           PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                    (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                              SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                     As of December 31, 2023
     Untuk 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)

       ac. Penyesuaian standar akuntansi keuangan                     ac. Annual    improvements      of   financial
           (lanjutan)                                                     accounting standards (continued)

          Amandemen PSAK 1: Penyajian laporan                            Amendment of PSAK 1: Presentation of
          keuangan - Pengungkapan Kebijakan                              financial statement - Disclosure of
          Akuntansi                                                      accounting policies
           Amandemen ini memberikan panduan untuk                        This amendments provide guidance to help
          membantu entitas menerapkan pertimbangan                       entities apply materiality judgements to
          materialitas dalam pengungkapan kebijakan                      accounting       policy      disclosures.      The
          akuntansi. Amandemen tersebut bertujuan                        amendments aim to help entities provide
          untuk     membantu      entitas   menyediakan                  accounting policy disclosures that are more
          pengungkapan kebijakan akuntansi yang lebih                    useful by replacing the requirement for entities
          berguna dengan mengganti persyaratan dalam                     to disclose their ‘significant’ accounting policies
          mengungkapkan          kebijakan     akuntansi                 with a requirement to disclose their ‘material’
          'signifikan' entitas menjadi persyaratan untuk                 accounting policies and adding guidance on
          mengungkapkan kebijakan akuntansi 'material'                   how entities apply the concept of materiality in
          entitas dan menambahkan panduan tentang                        making decisions about accounting policy
          bagaimana entitas menerapkan konsep                            disclosures.
          materialitas dalam membuat keputusan
          tentang pengungkapan kebijakan akuntansi.

          Amandemen tersebut berdampak pada                              The amendments have had an impact on the
          pengungkapan        kebijakan     akuntansi                    Company’s disclosures of accounting policies,
          Perusahaan, namun tidak berdampak pada                         but not on the measurement, recognition or
          pengukuran, pengakuan atau penyajian item                      presentation of any items in the Company’s
          apa pun dalam laporan keuangan Perusahaan.                     financial statements.

          Amendemen PSAK 16: Aset Tetap - Hasil                          Amendment of PSAK 16: Fixed Assets -
          sebelum Penggunaan yang Diintensikan                           Proceeds before Intended Use

          Amandemen ini tidak memperbolehkan entitas                     The amendments prohibit entities from
          untuk mengurangi suatu hasil penjualan item                    deducting from the cost of an item of fixed
          yang diproduksi saat membawa aset tersebut                     assets, any proceeds from selling items
          ke lokasi dan kondisi yang diperlukan supaya                   produced while bringing that asset to the
          aset dapat beroperasi sesuai dengan intensi                    location and condition necessary for it to be
          manajemen dari biaya perolehan suatu aset                      capable of operating in the manner intended by
          tetap. Sebaliknya, entitas mengakui hasil dari                 management. Instead, an entity recognizes the
          penjualan item-item tersebut, dan biaya untuk                  proceeds from selling such items, and the costs
          memproduksi item-item tersebut, dalam laba                     of producing those items, in the profit or loss.
          rugi.

          Perusahaan menerapkan amandemen tersebut                       The Company applies the amendments
          secara retrospektif hanya untuk aset tetap yang                retrospectively only to items of fixed assets
          dibuat supaya aset siap digunakan pada atau                    made available for use on or after the beginning
          setelah awal periode penyajian paling awal                     of the earliest period presented when the entity
          ketika entitas pertama kali menerapkan                         first applies the amendment.
          amandemen tersebut.




                                                            50
Page 196
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                         PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                  (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                            SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                   As of December 31, 2023
     Untuk 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)
       ac. Penyesuaian standar akuntansi keuangan                   ac. Annual    improvements      of   financial
           (lanjutan)                                                   accounting standards (continued)
          Amandemen      PSAK     25:    Kebijakan                     Amendment of PSAK 25: Accounting
          Akuntansi, Perubahan Estimasi Akuntansi,                     Policies, Changes in Accounting Estimates
          dan Kesalahan terkait Definisi Estimasi                      and Errors - Definition of Accounting
          Akuntansi                                                    Estimates
          Amandemen PSAK 25 memperjelas perbedaan                      The amendments to PSAK 25 clarify the
          antara    perubahan   estimasi  akuntansi,                   distinction between changes in accounting
          perubahan kebijakan akuntansi dan koreksi                    estimates, changes in accounting policies and
          kesalahan. Amandemen juga mengklarifikasi                    the correction of errors. They also clarify how
          bagaimana entitas menggunakan teknik                         entities use measurement techniques and
          pengukuran dan input untuk mengembangkan                     inputs to develop accounting estimates.
          estimasi akuntansi.

          Amandemen ini tidak memiliki dampak                          The amendments had no impact on the
          terhadap laporan keuangan perusahaan.                        Company’s financial statements.

          Amandemen PSAK 46: Pajak Penghasilan -                       Amendment of PSAK 46: Income Taxes -
          Pajak Tangguhan Terkait Aset dan Liabilitas                  Deferred Tax related to Assets and
          Yang Timbul Dari Transaksi Tunggal                           Liabilities arising from a Single Transaction
          Amandemen PSAK 46 Pajak Penghasilan                          The amendments to PSAK 46 Income Taxes
          mempersempit ruang lingkup pengecualian                      narrow the scope of the initial recognition
          pengakuan awal, sehingga tidak lagi berlaku                  exception, so that it no longer applies to
          pada transaksi yang menimbulkan perbedaan                    transactions that give rise to equal taxable and
          temporer dapat dikurangkan dalam jumlah yang                 deductible temporary differences such as
          sama dan perbedaan temporer kena pajak dan                   leases and decommissioning liabilities.
          seperti sewa dan liabilitas dekomisioning.

          Amandemen ini tidak mempunyai dampak                         The amendments had no impact on the
          terhadap laporan keuangan Perusahaan.                        Company’s financial statements.
          Amandemen PSAK 46: Pajak Penghasilan -                       Amendment of PSAK 46: Income Taxes -
          Reformasi Pajak Internasional - Ketentuan                    International Tax Reform - Pillar Two Model
          Model Pilar Dua                                              Rules

          Amandemen PSAK 46 ini diperkenalkan                           The amendments to PSAK 46 have been
          sebagai tanggapan terhadap aturan Model Pilar                 introduced in response to the Pillar Two Rules,
          Dua yang diterbitkan oleh Organisasi                          issued by Organization for Economic Co-
          Kerjasama dan Pengembangan Ekonomi atau                       operation and Development (OECD), and
          Organization for Economic Co-operation and                    include:
          Development (OECD), dan mencakup:                               ·    An exception to the recognition and
          ·   Pengecualian atas pengakuan dan                                  disclosure of deferred taxes related to the
              pengungkapan informasi mengenai aset                             Pillar Two income taxes; and
              dan liabilitas pajak tangguhan terkait                      ·    Disclosure requirements for affected
              dengan pajak penghasilan Pilar Dua; dan                          entities to help users of the financial
          ·   Persyaratan pengungkapan bagi entitas                            statements better understand an entity’s
              yang terkena dampak untuk membantu                               exposure to Pillar Two income taxes
              pengguna      laporan  keuangan     lebih                        arising from that legislation, particularly
              memahami eksposur entitas terhadap                               before its effective date.
              pajak penghasilan Pilar Dua yang timbul
              dari undang-undang tersebut, terutama
              sebelum tanggal berlakunya undang-
              undang tersebut.


                                                          51
Page 197
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)
       ac. Penyesuaian standar akuntansi keuangan                       ac. Annual    improvements      of   financial
           (lanjutan)                                                       accounting standards (continued)

            Amandemen PSAK 46: Pajak Penghasilan -                           Amendment of PSAK 46: Income Taxes -
            Reformasi Pajak Internasional - Ketentuan                        International Tax Reform - Pillar Two Model
            Model Pilar Dua (lanjutan)                                       Rules (continued)

            Pengecualian tersebut – yang penggunaannya                       The exception – the use of which is required to
            harus diungkapkan – segera berlaku saat                          be disclosed – applies immediately upon the
            penerbitan amandemen ini. Persyaratan                            issue of these amendments. The remaining
            pengungkapan lainnya berlaku untuk periode                       disclosure requirements apply for annual
            pelaporan tahunan yang dimulai pada atau                         reporting periods beginning on or after January
            setelah 1 Januari 2023, namun tidak untuk                        1, 2023, but not for any interim periods ending
            periode interim yang berakhir pada atau                          on or before December 31, 2023.
            sebelum 31 Desember 2023.

            Pada tanggal 31 Desember 2023, Perundang-                        As of December 31, 2023, the Pillar Two
            undangan terkait pajak penghasilan Pilar Dua                     income taxes legislation has not yet been
            belum diberlakukan atau secara substantif                        enacted or has not yet substantively enacted in
            belum diberlakukan di Indonesia tempat                           Indonesia where the Company operates.
            Perusahaan beroperasi. Oleh karena itu,                          Therefore, the Company is still in the process of
            Perusahaan masih dalam proses melakukan                          assessing the potential exposure to Pillar Two
            penilaian atas potensi eksposur pajak                            income taxes. The potential exposure, if any, to
            penghasilan Pilar Dua. Potensi eksposur pajak                    Pillar Two income taxes is currently not known
            penghasilan Pilar Dua, jika ada, saat ini tidak                  or reasonably estimable.
            diketahui atau dapat diperkirakan secara wajar.

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:




                                                              52
Page 198
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

            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. 71.
            ditetapkan PSAK No. 71 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 2v.
            pada Catatan 2v.

            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 2023 dan 2022,                          As of December 31, 2023 and 2022, 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.




                                                              53
Page 199
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
     Untuk 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)

           Pajak penghasilan (lanjutan)                                 Income tax (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. That
           akan menggunakan opsi untuk memperbarui                      is, it considers all relevant factors that create an
           atau menghentikan sewa, mempertimbangkan                     economic incentive for it to exercise either the
           semua faktor relevan yang menciptakan                        renewal         or    termination.      After    the
           insentif     ekonomi     untuk    melakukan                  commencement            date,     the      Company
           perpanjangan atau penghentian. Setelah                       reassesses the lease term if there is a
           tanggal dimulainya sewa, Perusahaan menilai                  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.




                                                           54
Page 200
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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.




                                                              55
Page 201
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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                                         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.

            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.




                                                              56
Page 202
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                           PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                    (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                              SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                     As of December 31, 2023
     Untuk 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 (lanjutan)                  Allowance for impairment losses (continued)

          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 12.
          Penjelasan lebih rinci diungkapkan dalam
          Catatan 12.

          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 2021 untuk tanah dan                         31, 2021. 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 12.
          bangunan diungkapkan pada Catatan 12.




                                                            57
Page 203
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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)

          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 36.                                      Note 36.

          Penghitungan liabilitas manfaat polis masa                         Valuation of liability for future policy benefits
          depan

          Liabilitas manfaat polis masa depan merupakan                      Liability for future policy benefits represents the
          nilai kini dari manfaat polis masa depan yang                      present value of estimated future policy benefits
          harus dibayar ke pemegang polis atau ahli                          to be paid to policyholders or their heirs less
          warisnya dikurangi nilai kini dari premi yang                      present value of estimated future premiums to
          diterima dari pemegang polis, diakui dalam                         be received from the policyholders, recognized
          hubungannya dengan pengakuan pendapatan                            in correlation with the recognition of premium
          premi. Liabilitas manfaat polis masa depan                         income. Liability for future policy benefits is
          disajikan dalam laporan posisi keuangan                            stated in the statement of financial position in
          berdasarkan perhitungan aktuarial. Kenaikan                        accordance with the actuarial calculation.
          atau penurunan liabilitas manfaat polis masa                       Increase or decrease in liability for future policy
          depan diakui dalam laporan laba rugi dan                           benefits is recognized in the current year
          penghasilan komprehensif lain tahun berjalan.                      statement of profit or loss and other
                                                                             comprehensive income.



                                                              58
Page 204
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                   PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                            (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                      SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                             As of December 31, 2023
     Untuk 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)

            Penghitungan liabilitas manfaat polis masa                           Valuation of liability for future policy benefits
            depan (lanjutan)                                                     (continued)

            Perusahaan menggunakan tingkat kematian                              The Company uses mortality and morbidity on
            dan sakit berdasarkan tabel kematian standar                         standard Indonesian industry mortality tables
            industri di Indonesia yang mencerminkan                              which reflect historical experiences, adjusted
            pengalaman masa lalu, dan telah disesuaikan                          when appropriate to reflect the Company’s
            untuk    mencerminkan      eksposur    risiko                        unique risk exposure, product characteristics,
            Perusahaan yang unik, karakteristik produk,                          target markets and own claims severity and
            target pasar dan klaim sendiri serta                                 frequency experiences.
            pengalaman yang sering.

            Asumsi utama yang digunakan berhubungan                              The main assumptions used relate to mortality,
            dengan tingkat kematian, sakit, biaya, lapse                         morbidity, expenses, lapse and surrender rates
            dan surrender dan tingkat diskonto.                                  and discount rates.

            Estimasi juga dibuat untuk pendapatan                                Estimates are also made as to future
            investasi di masa mendatang yang berasal dari                        investment income arising from the asset-
            kontrak asuransi jiwa beragun aset. Estimasi                         backed life insurance contracts. These
            tersebut didasarkan atas tingkat imbal hasil                         estimates are based on current market returns
            pasar saat       ini serta   harapan    atas                         as well as expectations about future economic
            perkembangan ekonomi dan keuangan di masa                            and financial developments. Assumptions on
            mendatang. Asumsi atas beban di masa                                 future expense are based on current expense
            mendatang didasarkan atas tingkat beban saat                         levels, adjusted for expected expense inflation,
            ini, disesuaikan dengan beban inflasi, jika                          if appropriate. Lapse and surrender rates are
            diperlukan. Tingkat lapse dan surrender                              based on the Company’s historical experience
            berdasarkan     atas   pengalaman    historis                        of lapses and surrenders.
            Perusahaan atas lapse dan surrender.

            Estimasi liabilitas klaim                                            Estimated claims liability

            Estimasi liabilitas klaim menunjukkan jumlah                         Estimated claims liability represents amounts
            yang disisihkan untuk klaim yang masih ada                           set aside for the outstanding and incurred
            dan telah terjadi yang berasal dari polis                            claims arising from insurance policies in-force
            asuransi yang masih in-force selama periode                          during the accounting period. Management’s
            akuntansi. Estimasi manajemen diperlukan                             estimation is required to determine the amount
            untuk menentukan jumlah estimasi liabilitas                          of estimated claims liability.
            klaim.

            Tes kecukupan liabilitas                                             Liability adequacy test

            Sebagaimana diungkapkan dalam Catatan 2o,                            As disclosed in Note 2o, the Company has
            Perusahaan telah melakukan tes kecukupan                             assessed the adequacy of its insurance
            liabilitas kontrak asuransi. Berdasarkan hasil                       contract liabilities. Based on the evaluation of
            tes kecukupan liabilitas kontrak asuransi                            insurance contract liability adequacy test, the
            tersebut, manajemen Perusahaan berpendapat                           Company’s management is of the opinion that
            bahwa nilai tercatat liabilitas kontrak asuransi                     the carrying value of insurance contract
            pada tanggal 31 Desember 2023 dan 2022                               liabilities as of December 31, 2023 and 2022
            telah cukup. Oleh karena itu, tidak terdapat                         are adequate. Therefore, no insurance liability
            kekurangan liabilitas asuransi yang dibebankan                       deficiency to be charged into the current year’s
            ke laba rugi tahun berjalan.                                         profit or loss.


                                                               59
Page 205
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                 PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                          (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                    SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                           As of December 31, 2023
     Untuk 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)
       c.   Estimasi dan asumsi (lanjutan)                                  c.   Estimates and assumptions (continued)

            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 40. The
            Perusahaan.        Penjelasan       lebih     rinci                  Company’s accounting policy on fair value
            diungkapkan dalam Catatan 40. Kebijakan                              measurements is discussed in Note 2e.
            akuntansi Perusahaan atas pengukuran nilai
            wajar dijelaskan dalam Catatan 2e.
            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 a
            arus kas masa depan didiskontokan ke nilai kini                      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, 2023 and 2022.
            pada tanggal 31 Desember 2023 dan 2022.


                                                                  60
Page 206
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                         PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                  (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                            SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                   As of December 31, 2023
     Untuk 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                                          4.     CASH ON HAND AND IN BANKS

       Kas dan bank terdiri dari:                                   Cash on hand and in banks consist of:

                                              31 Desember/December 31,
                                              2023                2022
 Kas - Rupiah                                          31                  166                        Cash on hand - Rupiah
 Bank                                                                                                    Cash in Banks
 Pihak ketiga                                                                                             Third parties
 Rupiah                                                                                                         Rupiah
     PT Bank CIMB Niaga Tbk                      210.239             545.615                PT Bank CIMB Niaga Tbk
     PT Bank Tabungan Negara (Persero)Tbk        207.936             392.262 PT Bank Tabungan Negara (Persero) Tbk
     PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
        Jawa Barat dan Banten Tbk                 91.916              83.470              Jawa Barat dan Banten Tbk
     PT Bank Maybank Indonesia Tbk                44.136              40.319        PT Bank Maybank Indonesia Tbk
     PT Bank Central Asia Tbk                     21.612              14.723                PT Bank Central Asia Tbk
     PT Bank Negara Indonesia (Persero) Tbk       17.991              17.608 PT Bank Negara Indonesia (Persero) Tbk
     PT Bank Mandiri (Persero) Tbk                 2.868               2.667           PT Bank Mandiri (Persero) Tbk
     PT Bank KB Bukopin Syariah                    2.733               2.239            PT Bank KB Bukopin Syariah
     PT Bank Tabungan Negara - Unit Syariah        1.879               1.170 PT Bank Tabungan Negara - Sharia Unit
     PT Bank BTPN Tbk                              1.609                  49                      PT Bank BTPN Tbk
     PT Bank KB Bukopin Tbk                        1.484                 108                PT Bank KB Bukopin Tbk
     PT Bank BCA Syariah                             804                 271                   PT Bank BCA Syariah
     PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
        Jawa Timur Tbk                                779                288                       Jawa Timur Tbk
     PT Bank OCBC NISP Tbk                            551                543               PT Bank OCBC NISP Tbk
     PT Bank Danamon Indonesia Tbk                    493                431        PT Bank Danamon Indonesia Tbk
     PT Bank Permata Tbk                              283                 36                    PT Bank PermataTbk
     PT Bank Rakyat Indonesia (Persero) Tbk           279                121 PT Bank Rakyat Indonesia (Persero) Tbk
     PT Bank UOB Indonesia                            214                119                 PT Bank UOB Indonesia
     PT Bank Artha Graha Internasional Tbk            130                 27 PT Bank Artha Graha Internasional Tbk
     PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
        Jawa Timur Syariah                             74                 82                    Jawa Timur Syariah
     PT Bank ICBC Indonesia                            72                 38                 PT Bank ICBC Indonesia
     PT Bank China Construction Bank                                               PT Bank China Construction Bank
        Indonesia Tbk                                  29                162                         Indonesia Tbk
     PT Bank Syariah Indonesia Tbk                     20                 58          PT Bank Syariah Indonesia Tbk
     PT Bank Pembangunan Daerah                                                       PT Bank Pembangunan Daerah
        Banten Tbk                                     14                 14                            Banten Tbk
     PT Bank Mayapada Internasional Tbk                 4                 47    PT Bank Mayapada Internasional Tbk
     PT Bank Mega Tbk                                   -              1.166                      PT Bank Mega Tbk
     PT Bank DKI                                        -                 22                            PT Bank DKI
     PT BPR Jawa Timur                                  -                 21                     PT BPR Jawa Timur
     PT Bank Panin Dubai Syariah Tbk                    -                  8       PT Bank Panin Dubai Syariah Tbk

     Dolar A.S.                                                                                                U.S. Dollar
       PT Bank CIMB Niaga Tbk                     32.555                 29.426                PT Bank CIMB Niaga Tbk
       PT Bank Maybank Indonesia Tbk              29.957                 58.511         PT Bank Maybank Indonesia Tbk
       PT Bank Negara                                                                                  PT Bank Negara
         Indonesia (Persero) Tbk                     2.176                  14                Indonesia (Persero) Tbk
       PT Bank Tabungan                                                                             PT Bank Tabungan
         Negara (Persero) Tbk                         557                   889                 Negara (Persero) Tbk
       PT Bank KB Bukopin Tbk                          61                    30                PT Bank KB Bukopin Tbk
       PT Bank Mega Tbk                                 -                 2.502                     PT Bank Mega Tbk


     Sub - total                                 673.455            1.195.056                                        Sub - total




                                                        61
Page 207
                                                                                                             The original supplementary information included herein
                                                                                                                                   are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                                    PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                                             (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                                       SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                                              As of December 31, 2023
     Untuk 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: (lanjutan)                                                   Cash on hand and in banks consist of: (continued)

                                                                31 Desember/December 31,
                                                                2023                         2022
 Pihak berelasi (Catatan 39)                                                                                                           Related party (Note 39)
   PT Bank Nano Syariah                                                                                                                PT Bank Nano Syariah
      (dahulu PT Bank Sinarmas Tbk                                                                                        (formerly PT Bank Sinarmas Tbk
       - Unit Syariah)                                                                                                                       - Sharia Unit)
      Rupiah                                                         27.580                     126.531                                            Rupiah
   PT Bank Sinarmas Tbk                                                                                                                PT Bank Sinarmas Tbk
      Rupiah                                                         62.607                         39.181                                         Rupiah
      Dolar A.S.                                                     18.878                          6.341                                      U.S. Dollar
     Sub - total                                                    109.065                     172.053                                            Sub - total

     Entitas anak (Catatan 1e)                                                                                                           Subsidiary (Note 1e)
     Rupiah                                                                                                                                           Rupiah
       PT Bank Mega Tbk                                                         -                           67                          PT Bank Mega Tbk
     Sub - total                                                            -                               67                                         Sub - total
     Total kas dan bank                                             782.551                    1.367.342                   Total cash on hand and in banks
     Penyisihan kerugian penurunan nilai                             (1.736)                      (3.770)                   Allowance for impairment lossses

     Neto                                                           780.815                    1.363.572                                                    Net



       Pada tanggal 31 Desember 2023 dan 2022, saldo                                           As of December 31, 2023 and 2022, total cash in
       kas di bank yang ditempatkan pada bank pihak                                            banks placed with related party bank amounted to
       berelasi masing-masing sebesar Rp109.065 dan                                            Rp109,065 and Rp172,053, respectively (Note 39).
       Rp172.053 (Catatan 39).

       Perubahan nilai tercatat bruto adalah sebagai                                           Movement in the gross carrying amount are as
       berikut:                                                                                follows:
                                                                  31 Desember/December 31, 2023

                                              Tahap/Stage 1      Tahap/Stage 2          Tahap/Stage 3             Total

     Saldo awal tahun                              1.367.342                        -                   -           1.367.342           Balance at beginning of year
     Pengukuran kembali neto nilai tercatat         (435.171)                       -                   -            (435.171)    Net remeasurement of carrying value
     Aset Keuangan baru yang                                                                                                                New financial asset issued
        diterbitkan atau dibeli                       74.998                        -                   -             74.998                             or purchased
     Aset keuangan yang
        dihentikan pengakuannya                     (224.618)                       -                   -           (224.618)           Derecognized financial assets

     Saldo akhir tahun                               782.551                        -                   -            782.551               Balance at ending of year



                                                                  31 Desember/December 31, 2022

                                              Tahap/Stage 1      Tahap/Stage 2          Tahap/Stage 3             Total

     Saldo awal tahun                              1.532.896                        -                   -           1.532.896           Balance at beginning of year
     Pengukuran kembali neto nilai tercatat        (239.603)                        -                   -           (239.603)     Net remeasurement of carrying value
     Aset Keuangan baru yang                                                                                                                New financial asset issued
        diterbitkan atau dibeli                      107.426                        -                   -            107.426                             or purchased
     Aset keuangan yang
        dihentikan pengakuannya                     (33.377)                        -                   -            (33.377)           Derecognized financial assets

     Saldo akhir tahun                             1.367.342                        -                   -           1.367.342              Balance at ending of year




                                                                           62
Page 208
                                                                                                   The original supplementary information included herein
                                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                           PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                                    (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                              SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                                     As of December 31, 2023
     Untuk 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)

       Perubahan penyisihan kerugian penurunan nilai                                  Movement in the allowance for impairment losses
       adalah sebagai berikut:                                                        are as follows:

                                                            31 Desember/December 31, 2023

                                        Tahap/Stage 1      Tahap/Stage 2       Tahap/Stage 3            Total

     Saldo awal tahun                            3.770                     -                   -                3.770         Balance at beginning of year
     Pengukuran kembali                                                                                                                 Net remeasurement
        penyisihan kerugian                     (2.034)                    -                   -            (2.034)                   of loss allowance

     Saldo akhir tahun                           1.736                     -                   -                1.736            Balance at ending of year


                                                            31 Desember/December 31, 2022

                                        Tahap/Stage 1      Tahap/Stage 2       Tahap/Stage 3            Total

     Saldo awal tahun                            8.895                     -                   -                8.895         Balance at beginning of year

     Pengukuran kembali                                                                                                                 Net remeasurement
        penyisihan kerugian                     (5.125)                    -                   -                (5.125)               of loss allowance

     Saldo akhir tahun                           3.770                     -                   -                3.770            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, 2023 and
      tanggal 31 Desember 2023 dan 2022 cukup untuk                                   2022 is adequate to cover possible losses arising
      menutup kemungkinan kerugian dari kas dan bank.                                 from uncollectible cash on hand dan cash in banks.

5.     PIUTANG PREMI                                                           5.     PREMIUM RECEIVABLES
       Akun ini merupakan tagihan premi kepada                                        This account represents outstanding premiums
       pemegang polis dan pialang (broker) asuransi                                   receivable from policyholders and agents (brokers),
       dengan rincian sebagai berikut:                                                with details as follows:
                                                          31 Desember/December 31,
                                                          2023                      2022
        Pihak ketiga                                                                                                                   Third parties
        Rupiah                                                                                                                               Rupiah
        Perorangan                                                                                                                         Individual
          Kombinasi seumur hidup                               17.906                       4.052                             Combined whole life
          Kesehatan                                            14.098                       1.688                                          Health
          Dwiguna                                              10.828                       4.692                                    Endowment
          Kematian jangka warsa                                    40                           1                                  Death term life
          Kecelakaan diri                                          13                           2                               Personal accident
        Sub - total                                            42.885                      10.435                                           Sub - total
        Kumpulan                                                                                                                               Group
          Kematian jangka warsa                                  5.273                     17.545                                   Death term life
          Kesehatan                                              1.512                     26.297                                           Health

        Sub - total                                              6.785                     43.842                                           Sub - total

        Total piutang premi                                    49.670                      54.277                         Total premium receivables
        Penyisihan kerugian penurunan nilai                    (1.078)                       (309)                   Allowance for impairment lossses
        Neto                                                   48.592                      53.968                                                    Net




                                                                     63
Page 209
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
     Untuk 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.     PIUTANG PREMI (lanjutan)                               5.     PREMIUM RECEIVABLES (continued)

       Rincian piutang premi (bruto) berdasarkan mata                The details of premium receivables (gross) based
       uang adalah sebagai berikut:                                  on currency are as below:
                                              31 Desember/December 31,
                                               2023                2022
       Pihak ketiga                                                                                                Third parties
       Rupiah                                     48.200                  53.232                                         Rupiah
       Dolar A.S.                                  1.470                   1.045                                     U.S. Dollar

       Total piutang premi                        49.670                  54.277                   Total premium receivables


       Rincian piutang premi (bruto) berdasarkan umur                The details of premium receivables (gross) based
       piutang adalah sebagai berikut:                               on aging are as below:
                                              31 Desember/December 31,
                                               2023                2022
       Telah jatuh tempo namun tidak
         mengalami penurunan nilai:                                                                  Past due but not impaired:
         Kurang dari 30 hari                      37.598                  39.021                         Less than 30 days
         30 - 60 hari                              2.441                   3.152                               30 - 60 days
         61 - 90 hari                              2.541                  10.380                               61 - 90 days
         Lebih dari 90 hari                        7.090                   1.724                        More than 90 days
       Total piutang premi                        49.670                  54.277                   Total premium receivables


       Perusahaan      menerapkan     metode     yang                The Company applies a simplified method to
       disederhanakan untuk menghitung kerugian kredit               calculate the expected credit losses in accordance
       ekspektasian sesuai dengan PSAK No. 71, yaitu                 with PSAK No. 71, by using the provision matrix.
       dengan menggunakan matriks provisi. Piutang                   The Company's premium receivables are generally
       premi pada umumnya jatuh tempo pada 30 sampai                 due in 30 to 60 days, except for group premium
       60 hari, kecuali untuk piutang premi kumpulan,                receivables, which generally due up to 360 days.
       umumnya jatuh tempo sampai dengan 360 hari.

       Perubahan dalam penyisihan kerugian penurunan                 The changes in the allowance for impairment losses
       nilai adalah sebagai berikut:                                 are as follows:

                                              31 Desember/December 31,
                                               2023                2022
       Saldo awal tahun                                309                  924                  Balance at beginning of year
       Pengukuran kembali penyisihan                                                       Net remeasurement of provision for
         kerugian kredit ekspektasian                  769                  (615)                  expected credit losses
       Saldo akhir tahun                              1.078                 309                         Balance at end of year


       Berdasarkan hasil penelaahan terhadap adanya                  Based on the results of review of impairment at the
       penurunan nilai pada akhir tahun, manajemen                   end of the year, the management believes that the
       berkeyakinan bahwa penyisihan atas penurunan                  above allowance for impairment losses of trade
       nilai piutang premi di atas cukup untuk menutup               receivables is sufficient to cover losses from
       kerugian atas penurunan nilai piutang tersebut.               impairment of such receivable.




                                                         64
Page 210
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
     Untuk 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 KOASURANSI                                        6.     COINSURANCE RECEIVABLES
       Akun ini merupakan tagihan premi kepada entitas                  This account represents outstanding premiums to
       asuransi lain atas penutupan polis bersama produk                other   insurance     entities  on   coinsurance
       asuransi kesehatan dengan PT Tokio Marine Life                   arrangement for health insurance product with
       Insurance Indonesia.                                             PT Tokio Marine Life Insurance Indonesia.
       Seluruh piutang koasuransi dalam mata uang                       All coinsurance receivables are in Rupiah currency.
       Rupiah.
       Rincian piutang koasuransi berdasarkan umur                      The details of coinsurance receivables based on
       piutang adalah sebagai berikut:                                  aging are as follows:
                                                31 Desember/December 31,
                                                 2023                 2022
       Telah jatuh tempo namun tidak
         mengalami penurunan nilai:                                                                     Past due but not impaired:
         Kurang dari 30 hari                                 -                1.740                         Less than 30 days
         30 - 60 hari                                        -                2.201                               30 - 60 days
         61 - 90 hari                                        -                2.193                               61 - 90 days
         Lebih dari 90 hari                                  -               26.674                        More than 90 days
       Total piutang koasuransi                              -               32.808              Total coinsurance receivables


       Pada     tahun     2023,     Perusahaan      tidak               In 2023, the Company did not renew its coinsurance
       memperpanjang kontrak koasuransi dengan                          contract with PT Tokio Marine Life Insurance
       PT Tokio Marine Life Insurance Indonesia dan telah               Indonesia and has received all receivables from
       menerima seluruh piutang dari PT Tokio Marine Life               PT Tokio Marine Life Insurance Indonesia.
       Insurance Indonesia.
7.     PIUTANG INVESTASI                                         7.     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,
                                                 2023                 2022
       Piutang penjualan investasi                                                                     Sale investment receivable
       Rupiah                                                                                                              Rupiah
         Pihak ketiga                                35.280                  17.762                               Third parties
         Pihak berelasi                                 211                   1.087                            Related Parties
       Dolar A.S.                                                                                                        US Dollar
         Pihak ketiga                                       50               41.872                               Third parties
       Sub - total                                   35.541                  60.721                                      Sub - Total
       Piutang hasil investasi                                                                      Investment income receivable
       Pihak ketiga                                                                                                 Third parties
         Rupiah                                                                                                       Rupiah
            Efek utang                              117.486              107.225                            Debt securities
            Deposito berjangka                          444                1.609                             Time deposits
         Dolar A.S.                                                                                                U.S. Dollar
            Efek utang                                  3.782                 3.613                         Debt securities
            Deposito berjangka                              6                     7                          Time deposits
       Pihak berelasi                                     516                     -                               Related parties
       Sub - total                                  122.234              112.454                                         Sub - Total
       Total piutang investasi                      157.775              173.175                   Total investment receivables




                                                            65
Page 211
                                                                                   The original supplementary information included herein
                                                                                                         are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
     Untuk 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.     PIUTANG INVESTASI (lanjutan)                               7.     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,
                                                  2023                 2022
       Pihak ketiga                                                                                                     Third parties
         Rupiah                                4,00%-12,00%       2,25%-12,00%                                            Rupiah
         Dolar A.S.                             3,10%-8,50%        3,00%-7,88%                                        U.S. Dollar
       Pihak berelasi                                                                                                 Related parties
         Rupiah                                6,50%-11,50%       4,75%-10,50%                                            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.
8.     ASET REASURANSI                                            8.     REINSURANCE ASSETS
      Rincian atas aset reasuransi adalah sebagai berikut:               The details of reinsurance assets are as follows:
                                                 31 Desember/December 31,
                                                  2023                 2022
       Piutang reasuransi                                                                            Reinsurance receivables
       Pihak ketiga                                                                                               Third parties
         Rupiah                                                                                                     Rupiah
         PT Reasuransi Indonesia                                                                 PT Reasuransi Indonesia
            Utama (Persero)                           19.058                  14.754                    Utama (Persero)
         PT Reasuransi Syariah                                                                     PT Reasuransi Syariah
            Indonesia                                    5.668                 1.290                          Indonesia
         PT Tugu Reasuransi Indonesia                    1.367                 1.642        PT Tugu Reasuransi Indonesia
         PT Reasuransi Nusantara Makmur                      -                   305     PT Reasuransi Nusantara Makmur
       Sub - total aset reasuransi                                                               Sub - total reinsurance assets
         - piutang reasuransi                         26.093                  17.991              - reinsurance receivables
       Aset reasuransi non-piutang                    33.652                  16.276       Reinsurance assets non-receivables
       Total aset reasuransi                          59.745                  34.267                     Total reinsurance assets


       Rincian piutang reasuransi berdasarkan umur                       The details of reinsurance receivables based on
       adalah sebagai berikut:                                           aging are as follows:
                                                 31 Desember/December 31,
                                                  2023                 2022
       Telah jatuh tempo namun tidak
         mengalami penurunan nilai:                                                                      Past due but not impaired:
         Kurang dari 30 hari                           3.536                      95                         Less than 30 days
         30 - 60 hari                                    682                   1.078                               30 - 60 days
         61 - 90 hari                                  4.703                     657                               61 - 90 days
         Lebih dari 90 hari                           17.172                  16.161                         More than 90 days
       Total piutang reasuransi                       26.093                  17.991               Total reinsurance receivables


       Berdasarkan hasil penelaahan terhadap adanya                      Based on the results of review of impairment at the
       penurunan nilai pada akhir tahun, manajemen                       end of the year, the management believes that the
       berkeyakinan bahwa seluruh piutang reasuransi                     above reinsurance receivables are fully collectible
       dapat tertagih, sehingga tidak perlu dibentuk                     therefore the allowance for impairment losses is not
       penyisihan atas kerugian penurunan nilai.                         required.

                                                             66
Page 212
                                                                                              The original supplementary information included herein
                                                                                                                    are in the Indonesian language.


       PT MSIG LIFE INSURANCE INDONESIA TBK                                        PT MSIG LIFE INSURANCE INDONESIA TBK
             (DAHULU PT ASURANSI JIWA                                                 (FORMERLY PT ASURANSI JIWA
                 SINARMAS MSIG TBK)                                                           SINARMAS MSIG TBK)
         CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
              Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023
     Untuk 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)

8.     ASET REASURANSI (lanjutan)                                           8.     REINSURANCE ASSETS (continued)

       Perubahan aset reasuransi non-piutang adalah                                Changes in reinsurance assets non-receivables are
       sebagai berikut:                                                            as follows:

                                           Tahun yang berakhir pada tanggal 31 Desember/
                                                     Year ended December 31,
                                                         2023                    2022
       Perubahan pemulihan estimasi                                                                                      Changes in estimated
         klaim dari reasuradur -                                                                                           claim recoveries
         konvensional                                          22.050                   (6.296)                from reinsurer - conventional
       Perubahan pemulihan estimasi                                                                                      Changes in estimated
         klaim dari reasuradur -                                                                                           claim recoveries
         syariah                                               (4.674)                   5.489                       from reinsurer - sharia
       Total perubahan aset                                                                                      Total changes in reinsurance
         reasuransi - non piutang                              17.376                     (807)                   assets - non receivables


       Perubahan pemulihan estimasi klaim dari                                     Changes in such estimated claim recoveries from
       reasuradur tersebut disebabkan karena adanya                                reinsurer are due to reclaim to reinsurer during the
       reklaim kepada reasuradur pada tahun berjalan.                              year.

       Rekonsiliasi perubahan aset reasuransi non-piutang                          Reconciliation of changes in long-term reinsurance
       liabilitas kontrak asuransi jangka panjang dan premi                        contract and unearned premium reserve of
       belum merupakan pendapatan tahun 2023 dan 2022                              reinsurance assets non-receivables in 2023 and
       adalah sebagai berikut:                                                     2022 are as follows:
                                                       2023                                 2022
                                      Liabilitas kontrak Premi belum       Liabilitas kontrak Premi belum
                                          asuransi         merupakan           asuransi         merupakan
                                      jangka panjang/      pendapatan/     jangka panjang/ pendapatan/
                                         Long-term          Unearned          Long-term         Unearned
                                         insurance          premium           insurance          premium
                                      contract liabilities   reserve       contract liabilities   reserve

     Saldo awal tahun                         14.381              1.895            11.392              5.691         Beginning balance of the year
                                                                                                                                        Additional
     Tambahan aset reasuransi                 32.125              7.366             26.508             (2.706)             reinsurance assets
     Pemulihan klaim                         (15.325)            (6.790)           (23.519)            (1.090)                     Claim recovery

     Saldo akhir tahun                        31.181              2.471            14.381              1.895                     Ending balance

     Total                                                       33.652                               16.276                                Total



9.     BIAYA DIBAYAR DI MUKA                                                9.     PREPAID EXPENSES

       Rincian biaya dibayar di muka sebagai berikut:                              The details of prepaid expenses are as follows:

                                                        31 Desember/December 31,
                                                         2023                    2022
       Komisi untuk agen (Catatan 43i)                        136.899                   97.344               Commissions to agent (Note 43i)
       Konsultan IT                                             2.993                    1.403                                IT Consultant
       Sewa                                                       916                    1.948                                         Rent
       Pemeliharaan gedung                                        729                      729                               Service charge
       Komisi (Catatan 43b)                                        94                       94                     Commissions (Note 43b)
       Lainnya                                                     46                       92                                       Others
       Total                                                  141.677               101.610                                                 Total




                                                                   67
Page 213
                                                                          The original supplementary information included herein
                                                                                                are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                  As of December 31, 2023
 Untuk 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. INVESTASI                                               10. INVESTMENTS

   Pada tanggal 31 Desember 2023 dan 2022,                     As of December 31, 2023 and 2022, the Company’s
   investasi Perusahaan terdiri dari:                          investments consist of the following:
                                            31 Desember/December 31,
                                            2023             2022
    Surat berharga diukur pada                                                                         Securities carried at
      nilai wajar melalui penghasilan                                                            fair value through other
      komprehensif lain                       6.676.851        6.177.355                         comprehensive income
    Surat berharga diukur
      pada nilai wajar                                                                                  Securities carried at
      melalui laba rugi                       5.023.854        5.652.918                  fair value through profit of loss
    Deposito berjangka                        1.010.617          822.272                                     Time deposits
    Surat berharga diukur
      pada biaya perolehan diamortisasi        487.834           486.134                       At amortized cost securities
    Pinjaman hipotik                             3.292             4.631                                   Mortgage loans
    Penyertaan langsung                            261               261                                Direct placements
    Total                                    13.202.709       13.143.571                                                Total


   Terdapat dalam investasi tersebut, adalah dana              Including in the investments are statutory funds.
   jaminan.

   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,
                                            2023             2022
        Konvensional                                                                                       Conventional
        Obligasi pemerintah                                                                           Government bonds
         Rupiah:                                                                                              Rupiah:
             FR0065                            165.000           165.000                                    FR0065
             FR0070                            145.000           145.000                                    FR0070
             FR0058                            100.000           100.000                                    FR0058
             FR0047                             55.000            55.000                                    FR0047
             FR0064                             40.000            40.000                                    FR0064
            Sub - total                        505.000           505.000                                         Sub - total




                                                       68
Page 214
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                       10. INVESTMENTS (continued)

   a. Dana jaminan (lanjutan)                                       a.    Statutory funds (continued)

        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: (lanjutan)                                 follows: (continued)
                                               31 Desember/December 31,
                                                2023             2022
         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                        525.000           525.000                             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,
                                                2023             2022
        Deposito berjangka                            6,50%             5,85%                                   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 March
        berbagai tanggal antara tanggal 15 Maret 2024                      15, 2024 until May 15, 2033.
        sampai dengan tanggal 15 Mei 2033.

   b.   Deposito berjangka                                          b.    Time deposits
        Pada tanggal 31 Desember 2023 dan 2022,                           As of December 31, 2023 and 2022, time
        deposito berjangka yang dikategorikan                             deposits as categorized by counterparties and
        berdasarkan counterparty dan mata uang                            currencies are as follows:
        adalah sebagai berikut:

                                               31 Desember/December 31,
                                                2023             2022
         Pihak ketiga                                                                                        Third parties
         Konvensional                                                                                       Conventional
           Rupiah:                                                                                             Rupiah:
           PT Bank Tabungan Negara                                                           PT Bank Tabungan Negara
             (Persero) Tbk                          58.000            64.000                           (Persero) Tbk
           PT Bank KB Bukopin Tbk                   50.000           300.000                  PT Bank KB Bukopin Tbk
           PT Bank Maybank Indonesia Tbk            10.000            20.000            PT Bank Maybank Indonesia Tbk
           PT Bank Pembangunan Daerah                                                    PT Bank Pembangunan Daerah
             Jawa Barat dan Banten Tbk                 5.000                 -            Jawa Barat dan Banten Tbk
           PT Bank Panin Dubai Syariah Tbk             5.000                 -         PT Bank Panin Dubai Syariah Tbk
           PT BPR Intidana Sukses Makmur                 500               500         PT BPR Intidana Sukses Makmur
           PT Bank Negara Indonesia                                                          PT Bank Negara Indonesia
              (Persero) Tbk                                -             10.000                        (Persero) Tbk
           PT Bank Shinhan Indonesia                       -              1.000             PT Bank Shinhan Indonesia
           PT Bank CIMB                                                                                 PT Bank CIMB
             Niaga Tbk - Unit Syariah                      -              1.000               Niaga Tbk - Sharia Unit

                                                          69
Page 215
                                                                         The original supplementary information included herein
                                                                                               are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                  As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                   10. INVESTMENTS (continued)

   b.   Deposito berjangka (lanjutan)                          b.    Time deposits (continued)

        Pada tanggal 31 Desember 2023 dan 2022,                      As of December 31, 2023 and 2022, time
        deposito berjangka yang dikategorikan                        deposits as categorized by counterparties and
        berdasarkan counterparty dan mata uang                       currencies are as follows: (continued)
        adalah sebagai berikut: (lanjutan)

                                            31 Desember/December 31,
                                            2023             2022
        Pihak ketiga (lanjutan)                                                             Third parties (continued)
        Konvensional (lanjutan)                                                             Conventional (continued)
          Rupiah: (lanjutan)                                                                  Rupiah: (continued)
          PT BPR Olympindo Sejahtera                   -               500             PT BPR Olympindo Sejahtera

        Sub - total                            128.500           397.000                                        Sub - total


          Dolar A.S:                                                                                 U.S. Dollar:
          PT Bank Danamon Indonesia Tbk            7.708            15.731         PT Bank Danamon Indonesia Tbk

        Sub - total                                7.708            15.731                                      Sub - total

        Sub - total konvensional               136.208           412.731                        Sub - total conventional


        Pihak ketiga                                                                                    Third parties
        Syariah                                                                                               Sharia
          Rupiah:                                                                                         Rupiah:
          PT Bank KB Bukopin Syariah            21.000              21.000            PT Bank KB Bukopin Syariah
          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 BTN Syariah                        500               500                  PT Bank BTN Syariah
          PT Bank CIMB                                                                             PT Bank CIMB
            Niaga Tbk - Unit Syariah                   -             5.500               Niaga Tbk - Sharia Unit

         Sub - total                            65.600              71.100                                      Sub - total




                                                      70
Page 216
                                                                           The original supplementary information included herein
                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                     10. INVESTMENTS (continued)

   b.   Deposito berjangka (lanjutan)                            b.    Time deposits (continued)
                                              31 Desember/December 31,
                                              2023             2022
        Syariah - Wakalah                                                                              Sharia - Wakalah
          Rupiah:                                                                                            Rupiah:
          PT Bank DKI Syariah                        5.000             4.000                   PT Bank DKI Syariah
          PT Bank Riau Kepri                         4.900                 -                     PT Bank Riau Kepri
          PT Bank Nagari                             3.500             4.000                         PT Bank Nagari
          PT Bank CIMB                                                                                PT Bank CIMB
            Niaga Tbk - Unit Syariah                 3.500             3.000               Niaga Tbk - Sharia Unit
          PT Bank Aceh Syariah                       1.700                 -                  PT Bank Aceh Syariah
          PT Bank Tabungan Negara                                                         PT Bank Tabungan Negara
             - Unit Syariah                          1.500            17.000                          - Sharia Unit
          PT Bank Syariah Indonesia Tbk              1.100             3.000          PT Bank Syariah Indonesia Tbk
          PT Bank Sulselbar                              -             6.000                      PT Bank Sulselbar
          PT Bank Syariah Mega Indonesia                 -             4.000         PT Bank Syariah Mega Indonesia
          PT Bank Pembangunan Daerah                                                  PT Bank Pembangunan Daerah
            Jawa Timur Tbk                               -             3.000                       Jawa Timur Tbk
          PT BPD Sumatera Selatan dan                                                  PT BPD Sumatera Selatan dan
            Bangka Belitung Syariah                      -             2.000              Bangka Belitung Syariah

          Sub - total                             21.200              46.000                                      Sub - total


        Unit link                                                                                              Unit Link
          Rupiah:                                                                                            Rupiah:
          PT Bank KB Bukopin Syariah             155.000                   -            PT Bank KB Bukopin Syariah
          PT Bank KB Bukopin                     150.000                   -                    PT Bank KB Bukopin
          PT Bank Tabungan Negara                                                         PT Bank Tabungan Negara
               (Persero) Tbk                     106.000              11.000                        (Persero) Tbk
          PT Bank Rakyat Indonesia                                                         PT Bank Rakyat Indonesia
               (Persero) Tbk                     100.000              40.000                         (Persero) Tbk
          PT Bank Mandiri Taspen                 100.000                   -                 PT Bank Mandiri Taspen
          PT Bank Panin Dubai Syariah Tbk         50.000                   -        PT Bank Panin Dubai Syariah Tbk
          PT Bank CIMB Niaga Tbk                  40.500               4.500                PT Bank CIMB Niaga Tbk
          PT Bank Mega Tbk                        38.000                   -                      PT Bank Mega Tbk
          PT Bank Negara Indonesia                                                         PT Bank Negara Indonesia
               (Persero) Tbk                             -            40.000                        (Persero) Tbk
          PT Bank DKI Syariah                            -            40.000                    PT Bank DKI Syariah
          PT Bank Nationalnobu Tbk                       -            40.000               PT Bank Nationalnobu Tbk
          PT Bank Pan Indonesia Tbk                      -            40.000              PT Bank Pan Indonesia Tbk
          PT Bank Sulselbar                              -            40.000                       PT Bank Sulselbar
          PT Bank Tabungan Negara                                                         PT Bank Tabungan Negara
               (Persero) Tbk - Unit Syariah              -            40.000            (Persero) Tbk - Sharia Unit
          PT Bank OCBC NISP Tbk                          -                 -                PT Bank OCBC NISP Tbk

        Sub - total                              739.500           295.500                                        Sub - total

        Total pihak ketiga                       962.508           825.331                               Total third parties

        Pihak berelasi                                                                                  Related parties
        Syariah                                                                                                  Sharia
          Rupiah:                                                                                            Rupiah
          PT Bank Nano Syariah Tbk                50.000                   -                PT Bank Nano Syariah Tbk

        Sub - total                               50.000                   -                                      Sub - total

        Total pihak berelasi                      50.000                   -                           Total related parties

        Total Deposito Berjangka                1.012.508          825.331                             Total Time Deposits

                                                        71
Page 217
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                        10. INVESTMENTS (continued)
   b.    Deposito berjangka (lanjutan)                               b.     Time deposits (continued)

                                               31 Desember/December 31,
                                                2023               2022


        Total deposito berjangka                  1.012.508            825.331                           Total time deposits
        Penyisihan kerugian penurunan nilai          (1.891)            (3.059)              Allowance for impairment lossses
        Neto                                      1.010.617            822.272                                                 Net


         Tidak terdapat penempatan deposito pada                            There are no time deposits with related parties
         pihak berelasi pada tanggal 31 Desember 2023                       as of December 31, 2023 and 2022.
         dan 2022.

         Deposito berjangka tersebut akan jatuh tempo                       Such time deposits will mature on various
         pada berbagai tanggal antara tanggal 2 Januari                     dates from January 2, 2024 until December 27,
         2024 sampai dengan tanggal 27 Desember                             2024.
         2024.

         Tingkat suku bunga per tahun deposito                              Range of interest rates per annum on time
         berjangka berkisar antara:                                         deposits:
                                                 31 Desember/December 31,
                                                 2023              2022
         Pihak ketiga                                                                                               Third parties
           Rupiah                             4,25% - 8,00%      2,25% - 6,25%                                          Rupiah
           Dolar A.S.                                 4,25%              3,00%                                      U.S. Dollar
         Pihak berelasi                                                                                           Related parties
           Rupiah                                       6,50%                  -                                        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, 2023 and 2022.
         31 Desember 2023 dan 2022.

         Perusahaan berpendapat bahwa penyisihan                            The Company believes that the allowance for
         kerugian penurunan nilai yang dibentuk pada                        impairment losses as of December 31, 2023
         tanggal 31 Desember 2023 dan 2022 cukup                            and 2022 is adequate to cover possible losses
         untuk menutup kemungkinan kerugian dari                            arising from uncollectible investment – time
         investasi – deposito berjangka.                                    deposits.




                                                           72
Page 218
                                                                                                            The original supplementary information included herein
                                                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                   PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                            (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                      SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                             As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                            10. INVESTMENTS (continued)

   b.    Deposito berjangka (lanjutan)                                                    b.    Time deposits (continued)

   Perubahan nilai tercatat bruto adalah sebagai                                          Movement in the gross carrying amount are as
   berikut:                                                                               follows:
                                                             31 Desember/December 31, 2023

                                       Tahap/Stage 1        Tahap/Stage 2           Tahap/Stage 3                Total

    Saldo awal tahun                          825.331                       -                       -               825.331           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              1.012.508                       -                       -              1.012.508                       or purchased
    Aset keuangan yang dihentikan                                                                                                                     Derecognized
    pengakuannya                             (825.331)                      -                       -              (825.331)                     financial assets

    Saldo akhir tahun                       1.012.508                       -                       -              1.012.508              Balance at ending of year


                                                             31 Desember/December 31, 2022

                                       Tahap/Stage 1        Tahap/Stage 2           Tahap/Stage 3                Total

    Saldo awal tahun                        1.046.604                       -                       -              1.046.604           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                825.331                       -                       -               825.331                        or purchased
    Aset keuangan yang dihentikan                                                                                                                     Derecognized
       pengakuannya                        (1.046.604)                      -                       -             (1.046.604)                    financial assets

    Saldo akhir tahun                         825.331                       -                       -               825.331               Balance at ending of year




   Perubahan penyisihan kerugian penurunan nilai                                               Movement in the allowance for impairment
   adalah sebagai berikut:                                                                     losses are as follows:

                                                       31 Desember/December 31, 2023


                                    Tahap/Stage 1          Tahap/Stage 2            Tahap/Stage 3                   Total

    Saldo awal tahun                         3.059                              -                       -                    3.059 Balance at beginning of year
    Pengukuran kembali neto                                                                                                                  Net remeasurement
       penyisihan kerugian                  (1.168)                             -                       -                   (1.168)        of loss allowance

    Saldo akhir tahun                        1.891                              -                       -                   1.891     Balance at ending of year


                                                       31 Desember/December 31, 2022


                                    Tahap/Stage 1          Tahap/Stage 2            Tahap/Stage 3                   Total

    Saldo awal tahun                         2.192                              -                       -                   2.192 Balance at beginning of year
    Pengukuran kembali neto                                                                                                                Net remeasurement
        penyisihan kerugian                    867                              -                       -                     867         of loss allowance

    Saldo akhir tahun                        3.059                              -                       -                   3.059     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, 2023 and
   tanggal 31 Desember 2023 dan 2022 cukup untuk                                          2022 is adequate to cover possible losses arising
   menutup kemungkinan kerugian dari investasi -                                          from uncollectible investment - time deposits.
   deposito berjangka.


                                                                      73
Page 219
                                                                                                                                              The original supplementary information included herein
                                                                                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                                                     PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                                              (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                                                        SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                                               As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                                        10. INVESTMENTS (continued)

   c.   Surat berharga diukur pada nilai wajar                                                                             c.        Securities carried at fair value through profit
        melalui laba rugi                                                                                                            or loss
                                                                            31 Desember/December 31,
                                                                            2023                                      2022
        Efek saham                                                              2.327.810                                  2.643.821                                                      Equity securities
        Reksa dana                                                              1.092.412                                  2.049.515                                                         Mutual funds
        Efek utang                                                              1.603.632                                    959.582                                                       Debt securities
        Total                                                                   5.023.854                                  5.652.918                                                                     Total


        (i)   Reksa dana                                                                                                              (i)     Mutual funds

                                                           Jumlah Unit/
                                                    Number of Participant Unit                                                Nilai Aset Bersih/
                                                    (Nilai penuh/Full amount)                                                 Net Asset Value

                                           31 Desember 2023/                31 Desember 2022/ 31 Desember 2023/ 31 Desember 2022/
                                          December 31, 2023                 December 31, 2022 December 31, 2023 December 31, 2022

              Pihak ketiga                                                                                                                                                                        Third parties
              Konvensional                                                                                                                                                                        Conventional
              Reksa dana - Rupiah                                                                                                                                                        Mutual funds - Rupiah
                 Bahana Likuid Plus                 346.169.919                      194.052.174                             470.088                          252.173                   Bahana Likuid Plus
                 Trim Kas 2 Kelas A                 168.908.518                                -                             304.362                                -                   Trim Kas 2 Kelas A
                 Insight Money                       54.813.535                       33.628.972                              91.870                           53.503                        Insight Money
                 Kisi Money Market Fund              66.511.949                                -                              81.006                                -              Kisi Money Market Fund
                 Sam Dana Kas                        22.417.197                                -                              30.730                                -                       Sam Dana Kas
                 Premier Pasar Uang II               13.965.213                                -                              20.171                                -                Premier Pasar Uang II
                 Syailendra Dana Kas                          -                      171.517.306                                   -                          263.898                 Syailendra Dana Kas
                 Sucorinvest Money                                                                                                                                                      Sucorinvest Money
                      Market Fund                                      -               94.145.107                                        -                    158.470                      Market Fund

                Total konvensional                  672.786.331                      493.343.559                             998.227                          728.044                       Total conventional


              Syariah                                                                                                                                                                                    Sharia
              Reksa dana - Rupiah                                                                                                                                                        Mutual funds - Rupiah
                 Bahana Likuid Syariah                                                                                                                                                       Bahana Likuid
                    Kelas S                           38.121.348                       37.436.437                              59.640                           56.123                   Syariah Kelas S
                 Insight Money Syariah                13.023.137                       38.118.377                              20.066                           55.899               Insight Money Syariah

                 Sub - total                          51.144.485                       75.554.814                              79.706                         112.022                            Sub - total


              Syariah - Wakalah                                                                                                                                                               Sharia - Wakalah
              Reksa dana - Rupiah                                                                                                                                                       Mutual funds - Rupiah
                 Sam Sukuk                                                                                                                                                                     Sam Sukuk
                    Syariah Sejahtera                                  -                 1.290.586                                       -                        3.153                Syariah Sejahtera

                 Sub – total                                           -                 1.290.586                                       -                        3.153                          Sub - total
                                           ______________________________   ______________________________   ______________________________   ______________________________



              Unit link                                                                                                                                                                                Unit link
              Reksa dana - Rupiah                                                                                                                                                       Mutual funds - Rupiah
                 Reksadana Insight Money                7.095.410                      8.328.138                               11.892                          13.250            Reksadana Insight Money
                 Schroder Dana Prestasi Plus               58.311                         69.220                                2.014                           2.336          Schroder Dana Prestasi Plus
                 BNP Paribas Ekuitas                       19.567                         21.400                                  379                             393                 BNP Paribas Ekuitas
                 Schroder Dana Terpadu II                  40.776                         54.753                                  194                             247            Schroder Dana Terpadu II
                 Sucorinvest Stable Fund                        -                    606.673.310                                    -                         754.428              Sucorinvest Stable Fund
                 Trim Dana Tetap 2                              -                      6.319.632                                    -                          18.358                   Trim Dana Tetap 2

                 Sub - total                             7.214.064                   621.466.453                                14.479                        789.012                            Sub - total




                                                                                                 74
Page 220
                                                                                               The original supplementary information included herein
                                                                                                                     are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                      As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                     10. 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 Aset Bersih/
                                           (Nilai penuh/Full amount)                 Net Asset Value

                                      31 Desember 2023/   31 Desember 2022/ 31 Desember 2023/ 31 Desember 2022/
                                     December 31, 2023    December 31, 2022 December 31, 2023 December 31, 2022

           Pihak ketiga (lanjutan)                                                                                          Third parties (continued)
           Unit Link (lanjutan)                                                                                                 Unit Link (continued)
           Reksa dana - Dolar A.S.                                                                                          Mutual funds - U.S. Dollar
              Ashmore Dana USD                                                                                               Ashmore Dana USD
                  Nusantara                           -            174.018                 -                 3.348                   Nusantara
              Ashmore Dana USD                                                                                               Ashmore Dana USD
                  Equity Nusantara                    -            146.113                 -                 2.843            Equity Nusantara

             Sub - total                             -             320.131                 -                 6.191                       Sub - total

           Total unit link                   7.214.064         621.786.584           14.479                795.203                      Total unit link

           Total pihak ketiga              731.144.880       1.191.975.543         1.092.412              1.638.422                Total third parties


           Syariah Link - Wakalah                                                                                              Syariah Link - Wakalah
           Reksa dana - Rupiah                                                                                                  Mutual funds - Rupiah
              Simas Syariah Unggulan                 -          11.453.872                 -                 6.963          Simas Syariah Unggulan
              Simas Syariah Berkembang               -             780.747                 -                   936       Simas Syariah Berkembang

             Sub - total                             -          12.234.619                 -                 7.899                       Sub - total


           Unit link                                                                                                                        Unit link
           Reksa dana - Rupiah                                                                                                 Mutual funds - Rupiah
              Simas Saham Unggulan                   -         285.157.974                 -               362.988          Simas Saham Unggulan
              Danamas Stabil                         -           5.820.284                 -                25.054                 Danamas Stabil
              Simas Satu                             -           1.520.708                 -                10.984                     Simas Satu
              Danamas Rupiah Plus                    -           2.579.040                 -                 4.168            Danamas Rupiah Plus

             Sub - total                             -         295.078.006                 -               403.194                       Sub - total

          Total pihak berelasi                       -         307.312.625                 -               411.093               Total related parties

          Total Reksa Dana                 731.144.880       1.499.288.168         1.092.412              2.049.515               Total Mutual Funds




                                                                        75
Page 221
                                                                                                           The original supplementary information included herein
                                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                  As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                    10. 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                                                                              (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       2023            2022       2023              2022
                Pihak ketiga/Third parties
                Konvensional/Conventional
                Rupiah
                   Obligasi Negara/Government Bonds*)
                                                                       15 Mei 2033/
                   FR0065                                    6,63%     May 15, 2033                    -                -          100.869            97.413
                                                                       15 Agustus 2051/
                   FR0089                                    6,88%     August 15, 2051                 -                -           73.960                    -
                                                                       15 Mei 2036/
                   FR0072                                    8,25%     May 15, 2036                    -                -           67.725            65.670
                                                                       15 Maret 2024/
                   FR0070                                    8,38%     March 15, 2024                  -                -           59.741            61.467
                                                                       15 Maret 2029/
                   FR0071                                    9,00%     March 15, 2029                  -                -           58.674            59.107
                                                                       15 September 2030/
                   FR0082                                    7,00%     September 15, 2030              -                -           56.411            55.550
                                                                       15 Maret 2034/
                   FR0068                                    8,38%     March 15, 2034                  -                -           50.939            49.505
                                                                       15 Juni 2035/
                   FR0080                                    7,50%     June 15, 2035                   -                -           42.752                    -
                                                                       15 Juli 2031/
                   FR0054                                    9,50%     July 15, 2031                   -                -           35.221            34.926
                                                                       15 Mei 2037/
                   FR0045                                    9,75%     May 15, 2037                    -                -           31.322            30.135
                                                                       15 Mei 2028/
                   FR0064                                    6,13%     May 15, 2028                    -                -           29.658            29.388
                                                                       15 Mei 2027/
                   FR0059                                    7,00%     May 15, 2027                    -                -           25.454            25.634
                                                                       15 Juli 2027/
                   FR0042                                   10,25%     July 15, 2027                   -                -           25.236            25.875
                                                                       15 Februari 2044/
                   FR0067                                    8,75%     February 15, 2044               -                -           12.006            11.309
                                                                       15 Februari 2028/
                   FR0047                                   10,00%     February 15, 2028               -                -           11.198            11.459
                                                                       15 Mei 2023/
                   FR0063                                    5,63%     May 15, 2023                    -                -                -            25.041


                   Sub - total                                                                                                     681.166          582.479


                Dolar A.S./U.S. Dollar
                   Obligasi Negara/Government Bonds*)
                                                                       20 September 2052/
                   Republic of Indonesia 2052                5,45%     September 20, 2052              -                -           16.501            15.529
                                                                       15 Januari 2024/
                   Republic of Indonesia 2024                5,87%     January 15, 2024                -                -           12.338                    -
                                                                       15 April 2023/
                   Republic of Indonesia 2023                3,38%     April 15, 2023                  -                -                -            31.261


                   Obligasi Korporasi/Corporate Bond
                                                                       27 Agustus 2030/
                   Obligasi Pertamina 3.10 2030 REGS         3,10%     August 27, 2030              BBB              BBB            13.845            13.562
                                                                       13 Mei 2025/
                   Bank Mandiri (4.75)                       4,75%     May 13, 2025                 BBB-                -            7.645                    -
                                                                       11 April 2024/
                   PT Bank Mandiri                           3,75%     April 11, 2024               BBB-                -            3.068                    -

                   Sub - total                                                                                                      53.397            60.352



         *)
              Obligasi pemerintah tidak diperingkat/Government bonds are unrated




                                                                                   76
Page 222
                                                                                                       The original supplementary information included herein
                                                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                      PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                               (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                         SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                  10. 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       2023            2022       2023              2022
           Pihak ketiga/Third parties
              (lanjutan/continued)
           Unit link
           Rupiah
              Obligasi Negara/Government Bonds*)
                                                                     15 September 2030/
                  FR0082                                    7,00%    September 15, 2030            -                -           91.283            65.650
                                                                     15 Mei 2036/
                  FR0072                                    8,25%    May 15, 2036                  -                -           64.339                 -
                                                                     15 Juni 2038/
                  FR0098                                    7,13%    June 15, 2038                 -                -           57.618                 -
                                                                     15 Februari 2031/
                  FR0087                                    6,50%    February 15, 2031             -                -           38.930                 -
                                                                     15 Februari 2033/
                  FR0096                                    7,00%    February 15, 2033             -                -           38.850            37.157
                                                                     15 Mei 2024/
                  FR0077                                    8,13%    May 15, 2024                  -                -           35.024             2.583
                                                                     15 Februari 2034/
                  FR0100                                    6,63%    February 15, 2034             -                -           33.295                 -
                                                                     15 Mei 2038/
                  FR0075                                    7,50%    May 15, 2038                  -                -           23.574                 -
                                                                     15 April 2040/
                  FR0083                                    7,50%    April 15, 2040                -                -           21.431                 -
                                                                     15 April 2029/
                  FR0101                                    6,88%    April 15, 2029                -                -           21.385                 -
                                                                     15 Mei 2048/
                  FR0076                                    7,38%    May 15, 2048                  -                -           21.108                 -
                                                                     15 Maret 2034/
                  FR0068                                    8,38%    March 15, 2034                -                -           20.375            11.001
                                                                     15 Juli 2024/
                  PBS031                                    4,00%    July 15, 2024                 -                -           19.737              968
                                                                     15 Mei 2033/
                  FR0065                                    6,63%    May 15, 2033                  -                -           15.130                 -
                                                                     15 Mei 2031/
                  FR0073                                    8,75%    May 15, 2031                  -                -           14.597            14.501
                                                                     15 April 2039/
                  FR0079                                    8,38%    April 15, 2039                -                -           12.661                 -
                                                                     15 Juni 2035/
                  FR0080                                    7,50%    June 15, 2035                 -                -            9.619                 -
                                                                     15 Mei 2029/
                  FR0078                                    8,25%    May 15, 2029                  -                -            8.631            53.983
                                                                     15 Juli 2031/
                  FR0054                                    9,50%    July 15, 2031                 -                -            8.218                 -
                                                                     15 Maret 2024/
                  FR0070                                    8,38%    March 15, 2024                -                -            5.020                 -
                                                                     15 Agustus 2028/
                  FR0095                                    6,38%    August 15, 2028               -                -            4.572                 -
                                                                     15 June 2043/
                  FR0097                                    7,13%    June 15, 2043                 -                -            3.125                 -
                                                                     15 Maret 2034/
                  PBS029                                    6,38%    March 15, 2034                -                -            2.919             2.819
                                                                     15 Maret 2036/
                  PBS037                                    6,88%    March 15, 2036                -                -            2.030                 -
                                                                     15 April 2032/
                  FR0091                                    6,38%    April 15, 2032                -                -            1.982             1.927
                                                                     15 Mei 2023/
                  FR0063                                    5,63%    May 15, 2023                  -                -                -             2.003


                  Sub - Total                                                                                                  575.453           192.592




           *)
                Obligasi pemerintah tidak diperingkat/Government bonds are unrated




                                                                               77
Page 223
                                                                                                       The original supplementary information included herein
                                                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                   PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                            (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                      SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                             As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                               10. 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       2023            2022       2023              2022
           Pihak ketiga/Third parties
              (lanjutan/continued)
           Unit link (lanjutan/continued)
           Rupiah (lanjutan/continued)
           Obligasi Korporasi/Corporate Bonds
              Obligasi Berkelanjutan VI Tower Bersama              15 Desember 2024/
                  Infrastructure Tahap II Tahun 2023       6,75%   December 15, 2024      AA+(idn)                  -           25.022                 -
              Obligasi Berkelanjutan VI Federal International      21 Juli 2024/
                  Finance I Tahun 2023 Seri A              5,50%   July 21, 2024               idAAA                -           19.971                 -
              Obligasi Berkelanjutan V Federal International       8 June 2024/
                  Finance I Tahun 2021 Seri B              6,25%   June 8, 2024           AAA(idn)                  -            9.973                 -
              Obligasi Subordinasi Berkelanjutan III
                  Bank KB Bukopin I Tahun 2021                     9 September 2028/
                  Seri B                                   8,90%   September 9, 2028       AA(idn)            AA(idn)            9.288             1.613
              Obligasi Berkelanjutan III PLN                       1 Agustus 2039/
                  IV Tahun 2019 Seri E                     9,98%   August 1, 2039              idAAA           idAAA             4.944             2.400
              Obligasi Berkelanjutan III Merdeka                   28 April 2027/
                  Copper Gold II Tahun 2022 Seri B         9,25%   April 28, 2027               idA+                -            4.312                 -
              Obligasi Berkelanjutan III Adhi Karya                24 Mei 2025
                  III Tahun 2022 Seri A                    8,25%   May 24, 2025                 idA-                -            4.046                 -
              Obligasi Berkelanjutan II Merdeka                    26 Maret 2024/
                  Copper Gold I Tahun 2021 Seri B          9,85%   March 26, 2024               idA+             idA+            4.021             4.078
              Obligasi Subordinasi Berkelanjutan III               15 Juli 2028/
                  Bank BJB I Tahun 2021 Seri B             8,60%   July 15, 2028                idA+             idA+            3.909             3.957
              Obligasi Subordinasi Berkelanjutan IV
                  Medco Energi Internasional Tahap III             26 Juli 2027/
                  Tahun 2022 Seri B                        8,10%   July 26, 2027               idAA-                -            3.069                 -
              Obligasi Berkelanjutan III Adhi Karya                24 Mei 2029
                  III Tahun 2022 Seri C                  10,20%    May 24, 2029                 idA-                -            2.179                 -
              Obligasi Berkelanjutan II Indosat Tahap II           9 November 2027
                  Tahun 2017 Seri E                        8,65%   November 9, 2027            idAAA                -            2.092                 -
              Obligasi Berkelanjutan IV Chandra Asri
                  Petrochemical Tahap II Tahun                     28 Februari 2028
                  2023 Seri A                              8,40%   February 28, 2028           idAA-                -            2.010                 -
              Obligasi Berkelanjutan IV Merdeka                    13 Desember 2025
                  Copper Gold Tahap I Tahun 2022         10,30%    December 13, 2025            idA+                -            1.043                 -
              Obligasi Berkelanjutan III Chandra Asri
                  Petrochemical Tahap III Tahun 2021               15 April 2026
                  Seri B                                   8,50%   April 15, 2026              idAA-                -            1.039                 -
              Obligasi Berkelanjutan III Chandra Asri
                  Petrochemical Tahap IV Tahun 2021                29 Oktober 2028
                  Seri B                                   8,20%   October 29, 2028            idAA-                -            1.011                 -
              Obligasi Subordinasi Berkelanjutan III               17 Maret 2024
                  Bank Panin Tahap II Tahun 2017         10,25%    March 17, 2024               idA+                -            1.006                 -
              Obligasi Berkelanjutan III Bank Victoria             9 Maret 2026
                  Tahap I Tahun 2023 Seri A                9,25%   March 9, 2026                idA-                -            1.004                 -
              Obligasi Berkelanjutan IV Indosat                    26 Oktober 2025
                  Tahap I Tahun 2022 Seri A                7,00%   October 26, 2025            idAAA                -            1.001                 -
              Obligasi Berkelanjutan IV Medco Energi
                  Internasional Tahap III Tahun 2022               26 Juli 2025
                  Seri A                                   7,00%   July 26, 2025               idAA-                -              991                 -
              Obligasi Berkelanjutan V Mandiri Tunas               23 Februari 2025
                  Finance Tahap III Tahun 2022 Seri A      5,90%   February 23, 2025           idAAA                -              991                 -
              Obligasi Berkelanjutan III Adhi Karya                24 Agustus 2024
                  II Tahun 2021 Seri B                     9,55%   August 24, 2024                 -             idA-                -             3.048
              Obligasi Berkelanjutan II Wijaya Karya               8 September 2028/
                  I Tahun 2021 Seri C                      9,25%   September 8, 2028               -              idA                -             2.989

              Sub – total                                                                                                      102.922            18.085




                                                                             78
Page 224
                                                                                                           The original supplementary information included herein
                                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                      PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                               (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                         SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                  10. 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       2023            2022       2023              2022
           Unit link (lanjutan/continued)
           Dolar A.S./U.S. Dollar (lanjutan/continued)
              Obligasi Negara/Government Bonds*)

                  Perusahaan Penerbit SBSN                           28 May 2025/
                     4.325% 28/05/25                         4,33%   May 28, 2025                  -                    -           16.101                 -
                                                                     15 Januari 2025/
                  INDON 4 1/8 01/15/25                       4,13%   January 15, 2025              -                    -            9.178                 -
                                                                     12 Oktober 2035/
                  INDON 8.5 10/12/35                         8,50%   October 12, 2035              -                    -            8.222                 -
                                                                     20 September 2032/
                  INDON 4.65 09/20/32                        4,65%   September 20, 2032            -                    -            6.191             9.309
                  Perusahaan Penerbit SBSN                           6 Juni 2032/
                     4.7% 06JUN2032                          4,70%   June 6, 2032                  -                    -            3.108                 -
                                                                     15 Januari 2024/
                  Republic of Indonesia 2024                 5,88%   January 15, 2024              -                    -                -            15.947
                  Perusahaan Penerbit SBSN                           20 Agustus 2024/
                     Indonesia III                           3,90%   August 20, 2024               -                    -                -            15.576

                  Sub – total                                                                                                       42.800            40.832

                  Total unit link / Total unit link                                                                                721.175           251.509



           Syariah Wakalah
           Rupiah
              Obligasi Negara/Government Bonds*)
                                                                     15 Maret 2034/
                  PBS029                                     6,38%   March 15, 2034                    -                -           25.942            21.763
                                                                     15 Maret 2036/
                  PBS037                                     6,88%   March 15, 2036                    -                -           22.642                 -
                                                                     15 Juni 2047/
                  PBS033                                     6,75%   June 15, 2047                     -                -           14.913            14.059
                                                                     15 November 2031/
                  PBS012                                     8,88%   November 15, 2031                 -                -            6.792                 -
                                                                     15 Juli 2024/
                  PBS031                                     4,00%   July 15, 2024                     -                -            5.921            10.167
                                                                     15 Juli 2026/
                  PBS032                                     4,88%   July 15, 2026                     -                -            5.762             6.781
                                                                     15 Juni 2039/
                  PBS034                                     6,50%   June 15, 2039                     -                -            2.942                 -
                                                                     15 Agustus 2025/
                  PBS036                                     5,38%   August 15, 2025                   -                -            1.965                 -
                                                                     15 Oktober 2046/
                  PBS028                                     7,75%   October 15, 2046                  -                -            1.662                 -
                                                                     15 Januari 2027/
                  PBS003                                     6,00%   January 15, 2027                  -                -              985                 -
                                                                     15 September 2023/
                  PBS019                                     8,25%   September 15, 2023                -                -                -             9.169
                                                                     15 September 2029/
                  PBSG001                                    6,63%   September 15, 2029                -                -                -             1.273

                  Total Syariah Wakalah / Total Syariah Wakalah                                                                     89.526            63.212

           Total pihak ketiga / Total Third parties                                                                              1.545.264           957.552


           *)
                Obligasi pemerintah tidak diperingkat/Government bonds are unrated




                                                                               79
Page 225
                                                                                                           The original supplementary information included herein
                                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                  As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                   10. 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       2023            2022       2023              2022

            Pihak berelasi/ Related parties
            Unit link
            Rupiah
               Obligasi Berkelanjutan I Indah Kiat Pulp               23 Maret 2024/
                   dan Paper IV Tahun 2021 Seri B           9,50%     March 23, 2024                idA+                -           40.470                    -
               Obligasi Berkelanjutan III Indah Kiat Pulp             5 Agustus 2025/
                   dan Paper I Tahun 2022 Seri B            9,50%     August 5, 2025                idA+                -            8.428                    -
               Obligasi Berkelanjutan I Indah Kiat Pulp               11 Desember 2025/
                   dan Paper I Tahun 2022 Seri B            11,00%    December 11, 2025             idA+                -            5.214                    -
               Obligasi Berkelanjutan I Lontar Papyrus
                   Pulp&Paper Industry II Tahun 2022        10,25%    22 April 2027
                   Seri C                                             April 22, 2027                 idA                -            2.169                    -
               Obligasi Berkelanjutan II Sinar Mas                    17 Juli 2025
                   Multifinance I Tahun 2020 Seri B         11,50%    July 17, 2025           BBB+(idn)                 -            2.087                    -
               Obligasi Berkelanjutan I Indah Kiat Pulp               16 September 2023/
                   Paper II Tahun 2020 Seri B               10,50%    September 16, 2023               -             idA+                 -              1.025
               Obligasi Berkelanjutan I Sinar Mas                     11 Juli 2023/
                   Multifinance I Tahun 2018 Seri C         10,25%    July 11, 2023                    -        BBB+(idn)                 -              1.005

                 Total pihak berelasi / Total Related parties                                                                       58.368               2.030

            Total efek utang/Total debt securities                                                                               1.603.632             959.582



                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                        Jumlah/
                                                 Jumlah penuh/Full amount                           Amount
                                             31 Desember /           31 Desember /     31 Desember /        31 Desember /
                                           December 31, 2023        December 31, 2022 December 31, 2023    December 31, 2022

                 Pihak ketiga                                                                                                                         Third parties
                 Rupiah                                                                                                                                     Rupiah
                 Konvensional                                                                                                                        Conventional
                    PT Bank Rakyat Indonesia                                                                                           PT Bank Rakyat Indonesia
                       (Persero) Tbk                 2.014.500             2.045.800             11.533             10.106                       (Persero) Tbk
                    PT Bank Central Asia Tbk         1.127.500               960.400             10.599              8.211             PT Bank Central Asia Tbk
                    PT Bank Mandiri (Persero) Tbk    1.538.000               672.900              9.305              6.679         PT Bank Mandiri (Persero) Tbk
                    PT Telekomunikasi Indonesia                                                                                     PT Telekomunikasi Indonesia
                       (Persero) Tbk                 1.446.700             2.238.800               5.714             8.396                       (Persero) Tbk
                    PT Bank Negara Indonesia                                                                                          PT Bank Negara Indonesia
                       (Persero) Tbk                   842.600               346.200               4.529             3.194                       (Persero) Tbk
                    PT Astra International Tbk         718.000               589.300               4.057             3.359             PT Astra International Tbk
                    PT Summarecon Agung Tbk          4.279.100             1.712.400               2.460             1.036           PT Summarecon Agung Tbk
                    PT XL Axiata Tbk                 1.072.100               674.400               2.144             1.443                     PT XL Axiata Tbk
                    PT Indosat Tbk                     217.200                     -               2.036                 -                        PT Indosat Tbk
                    PT Jasa Marga                                                                                                                 PT Jasa Marga
                       (Persero) Tbk                   406.900                     -               1.982                    -                    (Persero) Tbk
                    PT Indofood                                                                                                                      PT Indofood
                       Sukses Makmur Tbk               280.000              293.600                1.806             1.974                Sukses Makmur Tbk
                    PT Mayora Indah Tbk                676.100               66.000                1.683               165                 PT Mayora Indah Tbk
                    PT Midi Utama                                                                                                                  PT Midi Utama
                       Indonesia Tbk                 3.747.000                     -               1.611                    -                   Indonesia Tbk
                    PT Sarana Menara                                                                                                         PT Sarana Menara
                       Nusantara Tbk                 1.423.300               944.400               1.409             1.039                     Nusantara Tbk
                    PT Pakuwon Jati Tbk              3.000.000             1.884.900               1.362               860                 PT Pakuwon Jati Tbk



                                                                               80
Page 226
                                                                                                    The original supplementary information included herein
                                                                                                                          are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                 PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                          (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                    SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                           As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                          10. INVESTMENTS (continued)

   c.   Surat berharga diukur pada nilai wajar                                         b.     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                    Jumlah/
                                              Jumlah penuh/Full amount                       Amount
                                          31 Desember /        31 Desember /     31 Desember /       31 Desember /
                                        December 31, 2023     December 31, 2022 December 31, 2023   December 31, 2022

                Pihak ketiga (lanjutan)                                                                                           Third parties (continued)
                Rupiah (lanjutan)                                                                                                       Rupiah (continued)
                Konvensional (lanjutan)                                                                                      Conventional (continued)
                   PT Adaro Energy Tbk              569.400            528.700              1.355             2.035                   PT Adaro Energy Tbk
                   PT Gudang Garam Tbk               65.000             15.800              1.321               284                PT Gudang Garam Tbk
                   PT Elnusa Tbk                  3.300.000          1.655.100              1.280               516                          PT Elnusa Tbk
                   PT Triputra Agro Persada Tbk   2.228.500            644.300              1.215               409          PT Triputra Agro Persada Tbk
                   PT Alam Sutera                                                                                                           PT Alam Sutera
                      RealtyTbk                   7.200.000                  -              1.181                 -                            Realty Tbk
                   PT Ciputra Development Tbk     1.000.000          1.773.800              1.170             1.667           PT Ciputra Development Tbk
                   PT Bank CIMB Niaga Tbk           635.100            542.800              1.076               643              PT Bank CIMB Niaga Tbk
                   PT Indocement                                                                                                             PT Indocement
                      Tunggal Prakarsa Tbk          110.000                  -              1.034                 -               Tunggal Prakarsa Tbk
                   PT Saratoga Investama                                                                                           PT Saratoga Investama
                      Sedaya Tbk                    600.000           127.900                984                324                          Sedaya Tbk
                   PT Harum Energy Tbk              725.000           500.000                968                810                  PT Harum Energy Tbk
                   PT Indofood CBP                                                                                                       PT Indofood CBP
                      Sukses Makmur Tbk              91.200           235.200                964              2.352                 Sukses Makmur Tbk
                   PT MAP Aktif                                                                                                                PT MAP Aktif
                      Adiprakarsa Tbk             1.123.300                 -                921                  -                     Adiprakarsa Tbk
                   PT United Tractors Tbk            40.000            61.400                905              1.601                 PT United Tractors Tbk
                   PT Bank OCBC                                                                                                             PT Bank OCBC
                      NISP Tbk                      679.600                 -                802                  -                             NISP Tbk
                   PT Dharma Polimetal Tbk          543.400                 -                772                  -              PT Dharma Polimetal Tbk
                   PT Erajaya Swasembada Tbk      1.570.300           870.200                669                341          PT Erajaya Swasembada Tbk
                   PT Vale Indonesia Tbk            145.600           174.100                628              1.236                 PT Vale Indonesia Tbk
                   PT Tambang Batu Bara                                                                                            PT Tambang Batu Bara
                      Bukit AsamTbk                 250.000           369.700                610              1.364                    Bukit AsamTbk
                   PT HM Sampoerna Tbk              680.700           163.300                609                137                PT HM Sampoerna Tbk
                   PT Blue Bird Tbk                 335.500                 -                601                  -                       PT Blue Bird Tbk
                   PT Mitra Adiperkasa Tbk          300.000           254.600                537                368               PT Mitra Adiperkasa Tbk
                   PT Mastersystem                                                                                                       PT Mastersystem
                      Infotama Tbk                  380.600                  -               533                  -                         Infotama Tbk
                   PT Panin Finansial Tbk         1.750.000                  -               462                  -                 PT Panin Finansial Tbk
                   PT Medco Energi                                                                                                       PT Medco Energi
                      Internasional Tbk             400.000          2.229.200               462              2.263                       Internasional Tbk
                   PT Sumber Alfaria Trijaya Tbk    152.700            770.200               447              2.041          PT Sumber Alfaria Trijaya Tbk
                   PT Dayamitra                                                                                                               PT Dayamitra
                      Telekomunikasi Tbk            517.600                  -               365                  -                 Telekomunikasi Tbk
                   PT Siloam Internasional                                                                                        PT Siloam Internastional
                      Hospitalis Tbk                154.900                  -               338                  -                        Hospitalis Tbk
                   PT Dharma Satya                                                                                                       PT Dharma Satya
                      Nusantara Tbk                 500.000                  -               278                  -                      Nusantara Tbk
                   PT Mitra Keluarga                                                                                                     PT Mitra Keluarga
                      Karyasehat Tbk                      -           659.000                   -             2.102                     Karyasehat Tbk
                   PT Aneka Tambang
                      (Persero) Tbk                       -          1.000.900                  -             1.987      PT Aneka Tambang (Persero) Tbk
                   PT Merdeka Copper Gold Tbk             -            473.100                  -             1.949          PT Merdeka Copper Gold Tbk
                   PT AKR Corporindo Tbk                  -            843.600                  -             1.181              PT AKR Corporindo Tbk
                   PT Perusahaan Gas Negara                                                                                   PT Perusahaan Gas Negara
                      (Persero) Tbk                       -            629.700                  -             1.108                      (Persero) Tbk
                   PT Indika Energy Tbk                   -            383.800                  -             1.048                 PT Indika Energy Tbk
                   PT Kalbe Farma Tbk                     -            347.500                  -               726                  PT Kalbe Farma Tbk
                   PT Surya Citra Media Tbk               -          2.523.100                  -               520             PT Surya Citra Media Tbk
                   PT Bank Neo CommerceTbk                -            750.000                  -               484          PT Bank Neo Commerce Tbk
                   PT Bank Pembangunan                                                                                            PT Bank Pembangunan
                      Daerah Jawa Barat dan                                                                                     Daerah Jawa Barat dan
                      Banten Tbk                          -           276.600                   -               372                        Banten Tbk
                   PT Medikaloka Hermina Tbk              -           239.400                   -               371           PT Medikaloka Hermina Tbk
                   PT Media Nusantara Citra Tbk           -           480.000                   -               355         PT Media Nusantara Citra Tbk
                   PT Semen Indonesia
                      (Persero) Tbk                       -            53.700                   -               353     PT Semen Indonesia (Persero) Tbk
                   PT Japfa Comfeed                                                                                                   PT Japfa Comfeed
                      Indonesia Tbk                       -           259.400                   -               336                    Indonesia Tbk
                   PT Surya Esa Perkasa Tbk               -           278.200                   -               255           PT Surya Esa Perkasa Tbk
                   PT Timah (Persero) Tbk                 -           205.200                   -               240              PT Timah (Persero) Tbk
                   PT Borneo Lumbung                                                                                                PT Borneo Lumbung
                      Energi & Metal Tbk         48.159.500         48.159.500                  -                 -                Energi & Metal Tbk

                   Total konvensional           96.996.900          80.908.100            84.717             78.240                     Total conventional



                                                                         81
Page 227
                                                                                                    The original supplementary information included herein
                                                                                                                          are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                 PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                          (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                    SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                           As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                          10. 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                    Jumlah/
                                              Jumlah penuh/Full amount                       Amount
                                          31 Desember /        31 Desember /     31 Desember /       31 Desember /
                                        December 31, 2023     December 31, 2022 December 31, 2023   December 31, 2022

                Pihak ketiga (lanjutan)                                                                                          Third parties (continued)
                Rupiah (lanjutan)                                                                                                      Rupiah (continued)
                Unit link                                                                                                                         Unit link
                   PT Bank Rakyat Indonesia                                                                                     PT Bank Rakyat Indonesia
                       (Persero) Tbk             56.831.203         65.796.603           325.359            325.038                      (Persero) Tbk
                   PT Bank Central Asia Tbk      33.224.000         34.016.200           312.306            290.839             PT Bank Central Asia Tbk
                   PT Bank Mandiri
                       (Persero) Tbk             45.198.300         25.468.000           273.450            252.770         PT Bank Mandiri (Persero) Tbk
                   PT Telekomunikasi Indonesia                                                                               PT Telekomunikasi Indonesia
                       (Persero) Tbk             62.581.000         61.244.100           247.195            229.665                      (Persero) Tbk
                   PT Bank Negara Indonesia                                                                                    PT Bank Negara Indonesia
                       (Persero) Tbk             25.990.200         12.184.900           139.697            112.406                      (Persero) Tbk
                   PT Astra International Tbk    14.537.600         24.864.200            82.137            141.726             PT Astra International Tbk
                   PT GoTo Gojek                                                                                                          PT GoTo Gojek
                       Tokopedia Tbk            606.659.700        263.319.100            52.173             23.962                     Tokopedia Tbk
                   PT Kalbe Farma Tbk            26.151.600         35.250.700            42.104             73.674                  PT Kalbe Farma Tbk
                   PT Indofood Sukses
                       Makmur Tbk                 6.085.500          6.739.600            39.251             45.324       PT Indofood Sukses Makmur Tbk
                   PT Unilever Indonesia Tbk     10.524.600          5.041.100            37.152             23.693             PT Unilever Indonesia Tbk
                   PT Sumber Alfaria Trijaya Tbk 12.149.300          8.274.800            35.597             21.928          PT Sumber Alfaria Trijaya Tbk
                   PT Indofood CBP                                                                                                      PT Indofood CBP
                       Sukses Makmur Tbk          3.360.600          2.622.900            35.538             26.229                   Sukses Makmur Tbk
                   PT Adaro Energy Tbk           14.091.800         15.265.800            33.538             58.773                  PT Adaro Energy Tbk
                   PT Merdeka Copper Gold Tbk 12.167.131            12.855.131            32.851             52.963          PT Merdeka Copper Gold Tbk
                   PT United Tractors Tbk         1.006.600          1.942.600            22.774             50.653                PT United Tractors Tbk
                   PT Semen Indonesia
                       (Persero) Tbk              3.444.016          1.369.116            22.042              9.002     PT Semen Indonesia (Persero) Tbk
                   PT Barito Pacific Tbk         14.889.441            907.784            19.803                685                  PT Barito Pacific Tbk
                   PT Jasa Marga (Persero) Tbk    3.925.300          1.807.900            19.116              5.388          PT Jasa Marga (Persero) Tbk
                   PT Charoen Pokphand                                                                                             PT Charoen Pokphand
                       Indonesia Tbk              3.561.200          2.506.800            17.895             14.163                     Indonesia Tbk
                   PT Aneka Tambang
                       (Persero) Tbk              9.994.100         12.135.000            17.040             24.088      PT Aneka Tambang (Persero) Tbk
                   PT Merdeka Battery Tbk        26.000.000                  -            14.560                  -              PT Merdeka Battery Tbk
                   PT Bank Jago Tbk               4.975.300          2.218.000            14.428              8.251                      PT Bank Jago Tbk
                   PT Vale Indonesia Tbk          3.029.900          2.254.900            13.059             16.010                 PT Vale Indonesia Tbk
                   PT Ace Hardware                                                                                                        PT Ace Hardware
                       Indonesia Tbk             17.343.900          5.789.400            12.488              2.872                        Indonesia Tbk
                   PT AKR Corporindo Tbk          7.302.800         20.184.100            10.772             28.258              PT AKR Corporindo Tbk
                   PT Indocement Tunggal                                                                                          PT Indocement Tunggal
                       Prakarsa Tbk               1.067.500           723.174             10.035              7.159                         Prakarsa Tbk
                   PT Sarana Menara                                                                                                     PT Sarana Menara
                       Nusantara Tbk              9.812.000          2.454.000              9.714             2.699                       Nusantara Tbk
                   PT Perusahaan Gas Negara                                                                                   PT Perusahaan Gas Negara
                       (Persero) Tbk              7.920.300         25.291.100              8.950            44.512                         (Persero) Tbk
                   PT Adaro Minerals                                                                                                     PT Adaro Minerals
                       Indonesia Tbk              5.834.200         16.954.200              7.935            28.737                           Indonesia Tbk
                   PT Harum Energy Tbk            5.572.400          7.751.800              7.439            12.558                 PT Harum Energy Tbk
                   PT Tower Bersama                                                                                                     PT Tower Bersama
                       Infrastructure Tbk         3.258.900         10.022.800              6.811            23.052                   Infrastructure Tbk
                   PT Medco Energi                                                                                                        PT Medco Energi
                       Internasional Tbk          5.438.100         10.420.100              6.281            10.576                    Internasional Tbk
                   PT Japfa Comfeed                                                                                                      PT Japfa Comfeed
                       Indonesia Tbk              5.007.700          1.339.400              5.909             1.735                        Indonesia Tbk
                   PT BRI Syariah Tbk             3.311.100          5.672.000              5.761             7.317                    PT BRI Syariah Tbk
                   PT XL Axiata Tbk               2.572.100          6.068.420              5.144            12.986                       PT XL Axiata Tbk
                   PT Tambang Batubara                                                                                              PT Tambang Batubara
                       Bukit Asam (Persero) Tbk   1.881.000            871.400              4.590             3.215           Bukit Asam (Persero) Tbk
                   PT Bukalapak.com Tbk          20.197.200         30.736.200              4.363             8.053                PT Bukalapak.com Tbk
                   PT Astro Agro Lestari Tbk        600.700                  -              4.220                 -             PT Astro Agro Lestari Tbk
                   PT Indo Tambangraya                                                                                              PT Indo Tambangraya
                       Megah Tbk                    164.100           123.000               4.209             4.800                           Megah Tbk
                   PT Elang Mahkota
                       Teknologi Tbk              5.961.700            249.300              3.517               257       PT Elang Mahkota Teknologi Tbk
                   PT Indosat Tbk                   282.500            975.300              2.648             6.022                        PT Indosat Tbk
                   PT BFI Finance Indonesia Tbk 1.873.000            6.769.200              2.257             7.142         PT BFI Finance Indonesia Tbk
                   PT Surya Esa Perkasa Tbk       4.188.100          1.156.300              2.220             1.058             PT Surya Esa Perkasa Tbk
                   PT Ciputra Development Tbk     1.871.000          4.448.800              2.189             4.182           PT Ciputra Development Tbk
                   PT Chandra Asri                                                                                                        PT Chandra Asri
                       Petrochemical Tbk            276.700          1.032.100              1.453             2.652                  Petrochemical Tbk

                                                                         82
Page 228
                                                                                                     The original supplementary information included herein
                                                                                                                           are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                  PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                           (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                     SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                            As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                           10. 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                     Jumlah/
                                              Jumlah penuh/Full amount                        Amount
                                          31 Desember /         31 Desember /     31 Desember /       31 Desember /
                                        December 31, 2023      December 31, 2022 December 31, 2023   December 31, 2022

                Pihak ketiga (lanjutan)                                                                                           Third parties (continued)
                Rupiah (lanjutan)                                                                                                       Rupiah (continued)
                Unit link (lanjutan)                                                                                                 Unit link (continued
                   PT Gudang Garam Tbk                57.900             37.500              1.177               675               PT Gudang Garam Tbk
                   PT Dharma Polimetal Tbk           773.500                   -             1.098                 -             PT Dharma Polimetal Tbk
                   PT Summarecon Agung Tbk         1.594.300          5.132.500                917             3.105           PT Summarecon Agung Tbk
                   PT Midi Utama                                                                                                            PT Midi Utama
                       Indonesia Tbk               1.560.600                   -              671                   -                     Indonesia Tbk
                   PT Pertamina Gheotermal                                                                                       PT Pertamina Gheotermal
                       Energy Tbk                   546.900                    -              640                  -                           Energy Tbk
                   PT HM Sampoerna Tbk              615.000           1.099.200               550                923               PT HM Sampoerna Tbk
                   PT Bank BTPN Syariah Tbk         308.700           3.319.900               522              9.263           PT Bank BTPN Syariah Tbk
                   PT Bank Neo                                                                                                               PT Bank Neo
                       Commerce Tbk                1.100.000                  -               480                   -                   Commerce Tbk
                   PT Dharma Satya                                                                                                      PT Dharma Satya
                       Nusantara Tbk                791.400           5.831.800               439              3.499                     Nusantara Tbk
                   PT PP London Sumatera                                                                                          PT PP London Sumatera
                       Indonesia Tbk                441.300                    -              393                   -                     Indonesia Tbk
                   PT Clipan Finance                                                                                                    PT Clipan Finance
                       Indonesia Tbk                 773.300           950.000                379                285                      Indonesia Tbk
                   PT Sinar Eka Selaras Tbk        1.139.500                  -               365                  -             PT Sinar Eka Selaras Tbk
                   PT Modernland Realty Tbk        5.837.400                                  362                  -            PT Modernland Realty Tbk
                   PT Panin Financial Tbk          1.200.700         73.428.700               317             26.287               PT Panin Financial Tbk
                   PT Saratoga Investama                                                                                           PT Saratoga Investama
                       Sedaya Tbk                   175.500           4.264.900               288             10.790                        Sedaya Tbk
                   PT Bank Danamon                                                                                                     PT Bank Danamon
                       Indonesia Tbk                 74.500             135.000               207                369                      Indonesia Tbk
                   PT Bank Pan Indonesia Tbk        111.900          13.906.800               135             21.416           PT Bank Pan Indonesia Tbk
                   PT Paninvest Tbk                 120.300             276.300               118                344                     PT Paninvest Tbk
                   PT Mitra Adiperkasa Tbk                -          11.441.300                 -             16.533              PT Mitra Adiperkasa Tbk
                   PT Impack Pratama                                                                                                  PT Impack Pratama
                       Industri Tbk                        -          3.577.400                  -            12.592                        Industri Tbk
                   PT Digital Mediatama
                       Maxima Tbk                          -         10.221.300                  -            10.119      PT Digital Mediatama Maxima Tbk
                   PT Mayora Indah Tbk                     -          3.935.400                  -             9.839                   PT Mayora Indah Tbk
                   PT M Cash Integrasi Tbk                 -          1.209.100                  -             9.703                PT M Cash Integrasi Tbk
                   PT Bank Aladin Syariah Tbk              -          6.791.800                  -             9.610           PT Bank Aladin Syariah Tbk
                   PT NFC Indonesia Tbk                    -          1.196.700                  -             9.574                  PT NFC Indonesia Tbk
                   PT Triputra Agro Persada Tbk            -         12.340.700                  -             7.836          PT Triputra Agro Persada Tbk
                   PT Pakuwon Jati Tbk                     -          8.965.200                  -             4.088                   PT Pakuwon Jati Tbk
                   PT RMK Energy Tbk                       -          3.792.300                  -             3.565                    PT RMK Energy Tbk
                   PT Industri Jamu dan                                                                                                PT Industri Jamu dan
                       Farmasi Sido Muncul Tbk             -          4.233.600                  -             3.196           Farmasi Sido Muncul Tbk
                   PT Timah (Persero) Tbk                  -          2.579.300                  -             3.018                 PT Timah (Persero) Tbk
                   PT Bundamedik Tbk                       -          6.706.900                  -             2.763                    PT Bundamedik Tbk
                   PT Bank Tabungan                                                                                                      PT Bank Tabungan
                       Negara (Persero) Tbk                -          1.701.800                  -             2.297                Negara (Persero) Tbk
                   PT Mitra Keluarga                                                                                                      PT Mitra Keluarga
                       Karyasehat Tbk                      -            713.400                  -             2.276                      Karyasehat Tbk
                   PT Erajaya Swasembada Tbk               -          5.319.000                  -             2.085          PT Erajaya Swasembada Tbk
                   PT Indika Energy Tbk                    -            648.100                  -             1.769                   PT Indika Energy Tbk
                   PT Bank Rakyat Indonesia                                                                                      PT Bank Rakyat Indonesia
                       Agroniaga Tbk                       -          3.038.793                  -             1.228                       Agroniaga Tbk
                   PT Wijaya Karya (Persero) Tbk           -            950.900                  -               761         PT Wijaya Karya (Persero) Tbk
                   PT Surya Citra Media Tbk                -          3.000.000                  -               618              PT Surya Citra Media Tbk
                   PT Bumi Resources Tbk                   -          2.619.400                  -               422                PT Bumi Resources Tbk
                   PT Rukun Raharja Tbk                    -            363.600                  -               380                  PT Rukun Raharja Tbk
                   PT Bumi Resources                                                                                                     PT Bumi Resources
                       Minerals Tbk                        -          2.213.500                  -               352                         Minerals Tbk
                   PT Global Digital Niaga Tbk             -            512.700                  -               241            PT Global Digital Niaga Tbk
                   PT Elnusa Tbk                           -            753.100                  -               235                          PT Elnusa Tbk
                   PT Mitrabahtera Segara                                                                                            PT Mitrabahtera Segara
                       Sejati Tbk                          -           166.100                   -               199                            Sejati Tbk
                   PT Bank Tabungan Negara                                                                                      PT Bank Tabungan Negara
                        (Persero) Tbk - RIGHT              -           553.517                   -                79               (Persero) Tbk - RIGHT
                   PT Mega Manunggal                                                                                                    PT Mega Manunggal
                       Property Tbk                        -           146.200                   -                69                         Property Tbk

                   Subtotal                   1.129.338.091         965.191.038         1.987.028           2.219.475                               Subtotal




                                                                          83
Page 229
                                                                                                    The original supplementary information included herein
                                                                                                                          are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                 PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                          (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                    SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                           As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                          10. 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                   Jumlah/
                                               Jumlah penuh/Full amount                      Amount
                                         31 Desember /         31 Desember /     31 Desember /       31 Desember /
                                       December 31, 2023      December 31, 2022 December 31, 2023   December 31, 2022

                Pihak ketiga (lanjutan)                                                                                          Third parties (continued)
                Dollar AS (lanjutan)                                                                                                 Dollar US (continued)
                Unit link (lanjutan)                                                                                                   Unit link (continued)
                Dolar AS                                                                                                                            US Dollar
                   UnitedHealth Group Inc            1.529              2.407             12.409             20.075               UnitedHealth Group Inc
                   Goldman Sachs Group Inc           1.529              2.407              9.093             13.002             Goldman Sachs Group Inc
                   Microsoft Corp                    1.529              2.407              8.864              9.081                         Microsoft Corp
                   Home Depot Inc                    1.529              2.407              8.169             11.960                        Home Depot Inc
                   Mcdonald's Corp                   1.529              2.407              6.989              9.978                       Mcdonald's Corp
                   Caterpillar Inc                   1.529              2.407              6.969              9.071                           Caterpillar Inc
                   Amgen Inc                         1.529              2.407              6.789              9.945                              Amgen Inc
                   Salesforce.com Inc                1.529              2.407              6.202              5.020                     Salesforce.com Inc
                   Boeing Co                         1.529              2.407              6.144              7.213                               Boeing Co
                   Visa Inc                          1.529              2.407              6.137              7.867                                 Visa Inc
                   Honeywell                                                                                                                      Honeywell
                       International Inc             1.529              2.407               4.943             8.114                     International Inc
                   Apple Inc                         1.529              2.407               4.538             4.920                                Apple Inc
                   Travelers Companies Inc           1.529              2.407               4.490             7.099              Travelers Companies Inc
                   American Express Co               1.529              2.407               4.416             5.594                  American Express Co
                   JPMorgan Chase & Co               1.529              2.407               4.009             5.078                JPMorgan Chase & Co
                   International Business                                                                                           International Business
                       Machines Corp                 1.529              2.407               3.855             5.335                      Machines Corp
                   Walmart Inc                       1.529              2.407               3.716             5.369                            Walmart Inc
                   Johnson & Johnson                 1.529              2.407               3.695             6.689                    Johnson & Johnson
                   Chevron Corp                      1.529              2.407               3.516             6.796                          Chevron Corp
                   Procter & Gamble Co               1.529              2.407               3.454             5.739                  Procter & Gamble Co
                   3M Co                             1.529              2.407               2.577             4.541                                  3M Co
                   Merck & Co. Inc                   1.529              2.407               2.570             4.201                        Merck & Co. Inc
                   Nike Inc                          1.529              2.407               2.559             4.431                                 Nike Inc
                   Walt Disney Co                    1.529              2.407               2.128             3.290                         Walt Disney Co
                   Coca-Cola Co                      1.529              2.407               1.389             2.409                          Coca-Cola Co
                   Dow Inc                           1.529              2.407               1.293             1.908                                 Dow Inc
                   Cisco Systems Inc                 1.529              2.407               1.191             1.804                     Cisco Systems Inc
                   Intel Corp                        1.529              2.407               1.184             1.001                                 Intel Corp
                   Verizon                                                                                                                          Verizon
                       Communications Inc            1.529              2.407                889              1.492                Communications Inc
                   Walgreens Boots                                                                                                        Walgreens Boots
                       Alliance Inc                  1.529              2.407                615              1.415                          Alliance Inc

                   Subtotal                         45.870             72.210            134.792            190.437                                  Subtotal

                   Total Unit link            1.129.383.961        965.263.248         2.121.820           2.409.912                          Total Unit link


                Syariah Wakalah                                                                                                            Sharia Wakalah
                Rupiah                                                                                                                              Rupiah
                   PT Telekomunikasi Indonesia                                                                               PT Telekomunikasi Indonesia
                      (Persero) Tbk              4.399.500           5.551.300            17.378             20.817                      (Persero) Tbk
                   PT Astra International Tbk    2.731.900                   -            15.435                  -             PT Astra International Tbk
                   PT GoTo Gojek                                                                                                          PT GoTo Gojek
                      Tokopedia Tbk            147.200.100                   -            12.659                  -                     Tokopedia Tbk
                   PT Merdeka Copper Gold Tbk    2.160.900                   -             5.834                   -         PT Merdeka Copper Gold Tbk
                   PT Adaro Energy Tbk           2.442.800           4.161.000             5.814             16.020                 PT Adaro Energy Tbk
                   PT United Tractors Tbk          224.700             377.900             5.084              9.854               PT United Tractors Tbk
                   PT Bank Rakyat Indonesia                                                                                    PT Bank Rakyat Indonesia
                      Syariah Tbk                2.528.350            772.550               4.399               997                        Syariah Tbk
                   PT Mitra Keluarga                                                                                                   PT Mitra Keluarga
                      Karyasehat Tbk             1.495.100           1.149.000              4.261             3.665                    Karyasehat Tbk
                   PT Charoen Pokphand                                                                                             PT Charoen Pokphand
                      Indonesia Tbk                806.400           1.345.500              4.052             7.602                     Indonesia Tbk
                   PT Kalbe Farma Tbk            2.401.800           4.624.800              3.867             9.666                  PT Kalbe Farma Tbk
                   PT Indofood CBP                                                                                                      PT Indofood CBP
                      Sukses Makmur Tbk            325.200            145.700               3.439             1.457               Sukses Makmur Tbk




                                                                         84
Page 230
                                                                                                     The original supplementary information included herein
                                                                                                                           are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                  PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                           (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                     SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                            As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                           10. 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                      Jumlah/
                                             Jumlah penuh/Full amount                         Amount
                                          31 Desember /         31 Desember /     31 Desember /       31 Desember /
                                        December 31, 2023      December 31, 2022 December 31, 2023   December 31, 2022

                Pihak ketiga (lanjutan)                                                                                           Third parties (continued)
                Rupiah (lanjutan)                                                                                                       Rupiah (continued)
                Syariah Wakalah (lanjutan)                                                                                    Syariah Wakalah (continued)
                   PT Unilever Indonesia Tbk        874.300           1.020.800              3.086             4.798            PT Unilever Indonesia Tbk
                   PT Indofood Sukses                                                                                                           PT Indofood
                      Makmur Tbk                    413.100           1.000.200              2.665             6.726                Sukses Makmur Tbk
                   PT Indo Tambangraya                                                                                              PT Indo Tambangraya
                      Megah Tbk                      82.200            115.600               2.109             4.511                          Megah Tbk
                   PT Ultra Jaya                                                                                                              PT Ultra Jaya
                      Milk Industry Tbk            1.274.000                  -              2.039                 -                      Milk Industry Tbk
                   PT AKR Corporindo Tbk           1.249.000          2.710.900              1.842             3.795              PT AKR Corporindo Tbk
                   PT Ace Hardware                                                                                                       PT Ace Hardware
                      Indonesia Tbk                2.220.000                 -               1.598                 -                      Indonesia Tbk
                   PT XL Axiata Tbk                  792.900            26.000               1.586                56                     PT XL Axiata Tbk
                   PT Midi Utama Indonesia Tbk     3.055.900                 -               1.314                 -          PT Midi Utama Indonesia Tbk
                   PT Indosat Tbk                    118.500                 -               1.111                 -                         PT Indosat Tbk
                   PT Pertamina Gheotermal                                                                                       PT Pertamina Gheotermal
                      Energy Tbk                     853.600                 -                999                  -                            Energy Tbk
                   PT Merdeka Battery Tbk          1.775.000                 -                994                  -              PT Merdeka Battery Tbk
                   PT Ciputra Development Tbk        718.500            56.800                841                 53          PT Ciputra Development Tbk
                   PT Wintermar                                                                                                               PT Wintermar
                      Offshore Marine Tbk          2.100.000                                  840                  -                Offshore Marine Tbk
                   PT Summarecon Agung Tbk         1.366.300            80.100                786                 48           PT Summarecon Agung Tbk
                   PT Tambang Batubara                                                                                              PT Tambang Batubara
                      Bukit Asam (Persero) Tbk      315.600           1.407.400               770              5.193          Bukit Asam (Persero) Tbk
                   PT Semen Indonesia                                                                                                   PT Semen Indonesia
                      (Persero) Tbk                  117.500           137.700                752                905                       (Persero) Tbk
                   PT Avian Tbk                    1.500.000                 -                750                  -                          PT Avian Tbk
                   PT Bumi Resources                                                                                                   PT Bumi Resources
                      Minerals Tbk                 3.909.600          2.798.300               665                445                        Minerals Tbk
                   PT Indocement Tunggal                                                                                           PT Indocement Tunggal
                      Prakarsa Tbk                   67.200             77.000                632                762                       Prakarsa Tbk
                   PT Dharma Satya                                                                                                       PT Dharma Satya
                      Nusantara Tbk                 994.900                  -                552                  -                     Nusantara Tbk
                   PT Astro Agro Lestari Tbk         76.800                  -                540                  -             PT Astro Agro Lestari Tbk
                   PT Bank BTPN Syariah Tbk         318.300            515.000                538              1.437           PT Bank BTPN Syariah Tbk
                   PT Chandra Asri                                                                                                        PT Chandra Asri
                      Petrochemical Tbk             100.000           2.063.400               525              5.303                 Petrochemical Tbk
                   PT PP London Sumatera                                                                                          PT PP London Sumatera
                      Indonesia Tbk                 551.700                   -               491                   -                     Indonesia Tbk
                   PT Sinar Eka                                                                                                               PT Sinar Eka
                      Selaras Tbk                  1.369.000                 -                438                  -                         Selaras Tbk
                   PT Vale Indonesia Tbk              40.000           901.100                172              6.398                PT Vale Indonesia Tbk
                   PT Perusahaan Gas Negara                                                                                    PT Perusahaan Gas Negara
                      (Persero) Tbk                 113.900           3.872.800               129              6.816                       (Persero) Tbk
                   PT Barito Pacific Tbk                120           3.678.120                 -              2.777                  PT Barito Pacific Tbk
                   PT Aneka Tambang                                                                                                    PT Aneka Tambang
                      (Persero) Tbk                        -          2.459.300                  -             4.882                       (Persero) Tbk
                   PT Harum Energy Tbk                     -          2.207.300                  -             3.576                PT Harum Energy Tbk
                   PT Surya Citra Media Tbk                -          5.200.000                  -             1.071             PT Surya Citra Media Tbk
                   PT Rukun Raharja Tbk                    -            457.600                  -               478                PT Rukun Raharja Tbk
                   PT Elnusa Tbk                           -          1.522.600                  -               475                         PT Elnusa Tbk
                   PT Bank Aladin Syariah Tbk              -            320.000                  -               453           PT Bank Aladin Syariah Tbk
                   PT Mitrabahtera Segara                                                                                          PT Mitrabahtera Segara
                      Sejati Tbk                           -           352.800                   -               422                           Sejati Tbk
                   PT Timah (Persero) Tbk                  -           235.100                   -               275               PT Timah (Persero) Tbk
                   PT Pakuwon Jati Tbk                     -           106.400                   -                49                 PT Pakuwon Jati Tbk
                   PT Japfa Comfeed                                                                                                     PT Japfa Comfeed
                      Indonesia Tbk                        -            27.900                   -                36                      Indonesia Tbk
                   PT Mitra Adiperkasa Tbk                 -            24.900                   -                36              PT Mitra Adiperkasa Tbk

                   Total Syariah Wakalah         193.084.670         51.502.870           110.986            131.854                  Total Sharia Wakalah

                Total pihak ketiga           1.419.465.531        1.097.674.218         2.317.523           2.620.006                    Total third parties




                                                                          85
Page 231
                                                                                                       The original supplementary information included herein
                                                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                    PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                             (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                       SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                              As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                             10. 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                    Jumlah/
                                                 Jumlah penuh/Full amount                       Amount
                                              31 Desember /       31 Desember /     31 Desember /       31 Desember /
                                            December 31, 2023    December 31, 2022 December 31, 2023   December 31, 2022


                  Pihak berelasi                                                                                                              Related parties
                  Rupiah                                                                                                                               Rupiah
                  Konvensional                                                                                                                  Conventional
                     PT Bumi Serpong Damai Tbk      1.300.000           1.150.400              1.404             1.058          PT Bumi Serpong Damai Tbk
                     PT Pabrik Kertas                                                                                                      PT Pabrik Kertas
                        Tjiwi Kimia Tbk               191.500             44.700               1.398               315                    Tjiwi Kimia Tbk
                     PT Indah Kiat                                                                                                            PT Indah Kiat
                        Pulp & Paper Tbk              126.900            110.000               1.056               960                 Pulp & Paper Tbk

                     Total Konvensional             1.618.400           1.305.100              3.858             2.333                Total Conventional


                  Unit link                                                                                                                          Unit link
                     PT Indah Kiat                                                                                                            PT Indah Kiat
                         Pulp & Paper Tbk             224.100           1.235.300              1.866            10.778                 Pulp & Paper Tbk
                     PT Bumi Serpong Damai Tbk      1.026.300                   -              1.108                 -          PT Bumi Serpong Damai Tbk
                     PT Pabrik Kertas                                                                                                      PT Pabrik Kertas
                         Tjiwi Kimia Tbk                     -           821.400                   -             5.791                    Tjiwi Kimia Tbk

                     Total Unit link                1.250.400           2.056.700              2.974            16.569                     Total Unit link


                  Syariah Wakalah                                                                                                          Syariah Wakalah
                     PT Indah Kiat                                                                                                            PT Indah Kiat
                        Pulp & Paper Tbk              323.900            553.700               2.696             4.831                    Pulp & Paper Tbk
                     PT Bumi Serpong Damai Tbk        703.100             54.500                 759                50          PT Bumi Serpong Damai Tbk
                     PT Pabrik Kertas
                        Tjiwi Kimia Tbk                      -             4.600                   -                32       PT Pabrik Kertas Tjiwi Kimia Tbk

                     Total Syariah Wakalah          1.027.000            612.800               3.455             4.913              Total Sharia Wakalah

                     Total pihak berelasi           3.895.800           3.974.600            10.287             23.815                  Total related parties

                  Dikurangi:                                                                                                                             Less:
                        Penyisihan kerugian                                                                                                    Allowance for
                        penurunan nilai            48.159.500          48.159.500                  -                  -                    impairment losses

                     Total efek saham            1.375.201.831      1.053.489.318         2.327.810           2.643.821                Total equity securities




                Pada tanggal 31 Desember 2023 dan 2022,                                          As of December 31, 2023 and 2022, the
                manajemen Perusahaan telah memutuskan                                            management has decided to make full
                melakukan penyisihan penuh penurunan                                             allowance for impairment losses on the equity
                nilai atas efek saham PT Borneo Lumbung                                          securities of PT Borneo Lumbung Energi &
                Energi & Metal Tbk dan PT Berlian Laju                                           Metal Tbk and PT Berlian Laju Tanker Tbk, due
                Tanker Tbk disebabkan tidak aktifnya efek                                        to the inactivity of the shares in the capital
                saham tersebut di pasar modal.                                                   market.




                                                                            86
Page 232
                                                                                                        The original supplementary information included herein
                                                                                                                              are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                      PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                               (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                         SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                  10. INVESTMENTS (continued)
   d.   Surat berharga diukur pada nilai wajar                                               d.   Securities carried at fair value through other
        melalui penghasilan komprehensif lain                                                     comprehensive income
                                                                 31 Desember/December 31,
                                                                   2023                    2022
         Efek utang                                                 6.676.851                6.177.355                                     Debt securities
         Total                                                      6.676.851                6.177.355                                                Total


        (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       2023           2022         2023             2022

              Pihak ketiga/Third parties
              Konvensional/Conventional
              Rupiah
                 Obligasi Negara/Government Bonds*)
                                                                     15 September 2030/
                    FR0082                                 7,00%     September 15, 2030            -                 -          365.505           410.428
                                                                     15 Juni 2025/
                    FR0081                                 6,50%     June 15, 2025                 -                 -          295.468                 -
                                                                     15 Mei 2036/
                    FR0072                                 8,25%     May 15, 2036                  -                 -          269.319           261.149
                                                                     15 Agustus 2051/
                    FR0089                                 6,88%     August 15, 2051               -                 -          260.363            23.820
                                                                     15 September 2026/
                    FR0056                                 8,37%     September 15, 2026            -                 -          242.994           247.276
                                                                     15 Februari 2031/
                    FR0087                                 6,50%     February 15, 2031             -                 -          235.579           186.719
                                                                     15 Maret 2034/
                    FR0068                                 8,38%     March 15, 2034                -                 -          230.922           224.423
                                                                     15 Mei 2031/
                    FR0073                                 8,75%     May 15, 2031                  -                 -          204.506           203.163
                                                                     15 April 2032/
                    FR0091                                 6,38%     April 15, 2032                -                 -          197.241           288.073
                                                                     15 April 2039/
                    FR0079                                 8,38%     April 15, 2039                -                 -          193.363           186.686
                                                                     15 Mei 2024/
                    FR0077                                 8,13%     May 15, 2024                  -                 -          191.223                 -
                                                                     15 Maret 2024/
                    FR0070                                 8,38%     March 15, 2024                -                 -          165.667            82.644
                                                                     15 Mei 2048/
                    FR0076                                 7,38%     May 15, 2048                  -                 -          158.309                 -
                                                                     15 Februari 2044/
                    FR0067                                 8,75%     February 15, 2044             -                 -          127.966           120.538
                                                                     15 Agustus 2030/
                    FR0052                                10,50%     August 15, 2030               -                 -          111.459           111.656
                                                                     15 April 2026/
                    FR0086                                 5.50%     April 15, 2026                -                 -           98.303                 -
                                                                     15 Agustus 2028/
                    FR0095                                 6,38%     August 15,2028                -                 -           92.832            42.619
                                                                     15 Juni 2032/
                    FR0058                                 8,25%     June 15, 2032                 -                 -           88.051            86.954
                                                                     15 Maret 2029/
                    FR0071                                 9,00%     March 15, 2029                -                 -           86.350           109.292
                                                                     15 Juni 2035/
                    FR0080                                 7,50%     June 15, 2035                 -                 -           85.944            21.086
                                                                     15 Mei 2041/
                    FR0057                                 9,50%     May 15, 2041                  -                 -           81.138            77.394
                                                                     15 April 2027/
                    FR0090                                 5,13%     April 15, 2027                -                 -           75.392            75.028
                                                                     15 Februari 2033/
                    FR0096                                 7,00%     February 15, 2033             -                 -           74.681            12.051
                                                                     15 Mei 2033
                    FR0065                                 6,63%     May 15, 2033                  -                 -           73.634            32.146
                                                                     15 November 2031/
                    PBS012                                 8,88%     November 15, 2031             -                 -           64.522            63.863
                                                                     15 Februari 2034
                    FR0100                                 6,63%     February 15, 2034             -                 -           40.358                 -
                                                                     15 Mei 2028/
                    FR0064                                 6,13%     May 15, 2028                  -                 -           39.544            39.183
              *)
                   Obligasi pemerintah tidak diperingkat/Government bonds are unrated


                                                                               87
Page 233
                                                                                                           The original supplementary information included herein
                                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                   As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                     10. 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       2023           2022         2023             2022

                    Pihak ketiga/Third parties
                       (lanjutan/continued)
                    Konvensional/Conventional
                       (lanjutan/continued)
                    Rupiah (lanjutan/continued)
                       Obligasi Negara/Government Bonds*)
                           (lanjutan/continued)
                                                                        15 September 2025/
                       FR0040                                11,00%     September 15, 2025            -                 -           32.203            33.577
                                                                        15 Agustus 2032/
                       FR0074                                  7,50%    August 15, 2032               -                 -           31.819            31.060
                                                                        15 September 2024/
                       FR0044                                10,00%     September 15, 2024            -                 -           30.742            32.000
                                                                        15 Mei 2027/
                       FR0059                                  7,00%    May 15, 2027                  -                 -           30.545            86.643
                                                                        15 Februari 2028/
                       FR0047                                10,00%     February 15, 2028             -                 -           27.995            28.648
                                                                        15 April 2040/
                       FR0083                                  7,50%    April 15, 2040                -                 -           26.789            25.791
                                                                        15 Mei 2029/
                       FR0078                                  8,25%    May 15, 2029                  -                 -           22.657            22.673
                                                                        15 Juni 2038/
                       FR0098                                  7,13%    June 15, 2038                 -                 -           20.952            20.080
                                                                        15 April 2042/
                       FR0062                                  6,38%    April 15, 2042                -                 -           19.651            17.880
                                                                        15 July 2027/
                       FR0042                                10,25%     Juli 15, 2027                 -                 -           14.516            14.884
                                                                        15 July 2031/
                       FR0054                                  9,50%    Juli 15, 2031                 -                 -           11.740                 -
                                                                        15 Mei 2038/
                       FR0075                                  7,50%    May 15, 2038                  -                 -           10.715            10.288
                                                                        15 Februari 2026/
                       FR0084                                  7,25%    February 15, 2026             -                 -           10.165            10.280
                                                                        15 Februari 2031/
                       PBS004                                  6,10%    February 15, 2031             -                 -            9.477             9.048
                                                                        15 Juli 2038/
                       FR0050                                10,50%     July 15, 2038                 -                 -            6.617             6.534
                                                                        15 September 2026/
                       FR0037                                12,00%     September 15, 2026            -                 -            5.683             5.916
                                                                        15 Juli 2023/
                       FR0046                                  9,50%    July 15, 2023                 -                 -                -           173.797
                                                                        15 May 2023/
                       FR0063                                  5,62%    May 15, 2023                  -                 -                -           110.179
                                                                        15 Mei 2037/
                       FR0045                                  9,75%    May 15, 2037                  -                 -                -            30.135
                                                                        15 Agustus 2023/
                       PBS011                                  8,75%    August 15, 2023               -                 -                -            20.411
                                                                        15 Juli 2023/
                       ORI17                                   6,40%    July 15, 2023                 -                     -            -            13.040



                       Sub - total                                                                                               4.462.899         3.609.055
              *)
                   Obligasi pemerintah tidak diperingkat/Government bonds are unrated




                                                                                  88
Page 234
                                                                                                  The original supplementary information included herein
                                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                        As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                          10. 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       2023           2022         2023             2022

              Pihak ketiga/Third parties
                 (lanjutan/continued)
              Konvensional/Conventional
                 (lanjutan/continued)
              Rupiah (lanjutan/continued)
                 Obligasi Korporasi/Corporate Bond
                     (lanjutan/continued)
                 MTN I Bahana Pembina Usaha                  2 Oktober 2027/
                     Indonesia (Persero) 2022        9,00%   October 2, 2027              idAAA           idAAA           100.000           100.000
                 Obligasi Berkelanjutan IV
                     Indosat Tahap I Tahun                   26 Oktober 2027/
                     2022 Seri B                     7,70%   October 26, 2027             idAAA           idAAA            63.200            64.445
                 Obligasi Berkelanjutan II PLN               11 Juli 2027/
                     Tahap I Tahun 2017 Seri C       8,50%   July 11, 2027                idAAA           idAAA            62.611            63.422
                 Obligasi Berkelanjutan I
                     Pupuk Indonesia                         12 Juli 2024/
                     Tahap I Tahun 2017 Seri B       8,60%   July 12, 2024           AAA(idn)           AAA(idn)           50.501            51.798
                 Obligasi Berkelanjutan II
                     XL Axiata Tahap I Tahun                 1 September 2027/
                     2022 Seri B                     7,40%   September 1, 2027       AAA(idn)           AAA(idn)           50.470            50.591
                 Obligasi Berkelanjutan I
                     Hutama Karya                            6 Juni 2027/
                     Tahap II Tahun 2017             8,07%   June 6, 2027                 idAAA        idAAA(gg)           46.334            47.091
                 Obligasi Berkelanjutan III PLN              1 Agustus 2029/
                     Tahap IV Tahun 2019 Seri C      8,70%   August 1, 2029               idAAA           idAAA            42.804            42.600
                 Obligasi VII Danareksa                      8 Februari 2028/
                     Tahun 2023 Seri B               8,00%   February 8, 2028             idAAA           idAAA            42.075                 -
                 Obligasi Berkelanjutan III
                     Sarana Multi Infrastruktur              17 Mei 2027/
                     Tahap III Tahun 2023 Seri C     6,80%   May 17, 2027                 idAAA           idAAA            40.873                 -
                 Obligasi Berkelanjutan
                     Indonesia Eximbank III
                     Tahap V                                 15 Agustus 2024/
                     Tahun 2017 Seri C               8,25%   August 15, 2024              idAAA           idAAA            40.342            41.499
                 Obligasi Berkelanjutan II
                     PLN Tahap III                           22 Februari 2038/
                     Tahun 2018 Seri E               8,75%   February 22, 2038            idAAA           idAAA            38.751            37.346
                 Obligasi Berkelanjutan I
                     Hutama Karya Tahap III                  26 September 2027/
                     Tahun 2017 Seri B               8,40%   September 26, 2027           idAAA        idAAA(gg)           36.471            36.846
                 Sukuk Mudharabah Berkelanjutan              7 September 2028/
                     I Hutama Karya I 2021 Seri C    9,30%   September 7, 2028       idAA-(sy)          idAA-(sy)          32.424            32.613
                 Obligasi Berkelanjutan V
                     Sarana Multigriya Finansial             14 Juli 2025/
                     Tahap IV Tahun 2020 Seri B      8,10%   July 14, 2025                idAAA           idAAA            30.490            30.830
                 Obligasi Berkelanjutan II
                     Chandra Asri Petrochemical              12 Februari 2025/
                     Tahap III Tahun 2020            8,70%   February 12, 2025            idAA-            idAA-           30.380            30.999
                 Obligasi Berkelanjutan V
                     Federal International Finance           24 Februari 2026/
                     Tahap V Tahun 2023 Seri B       8,70%   February 24, 2026       AAA(idn)                   -          30.309                 -
                 Obligasi Berkelanjutan I
                     Semen Indonesia                         28 Mei 2024/
                     Tahap II Tahun 2019 Seri A      9,00%   May 28, 2024                 idAA+            idAA+           30.232            31.296
                 Obligasi III Oto Multiartha                 26 April 2024/
                     Tahun 2019 Seri C               9,25%   April 26, 2024               idAA+            idAA+           30.210            31.011
                 Obligasi Berkelanjutan V
                     BFI Finance Indonesia                   15 Juni 2026/
                     Tahap V Tahun 2023 Seri B       7,00%   June 15, 2026            AA-(idn)                  -          29.642                 -




                                                                       89
Page 235
                                                                                                  The original supplementary information included herein
                                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                        As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                          10. 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       2023           2022         2023             2022

              Pihak ketiga/Third parties
                 (lanjutan/continued)
              Konvensional/Conventional
                 (lanjutan/continued)
              Rupiah (lanjutan/continued)
                 Obligasi Korporasi/Corporate Bond
                     (lanjutan/continued)
              Obligasi Berkelanjutan
                     Medco Energi Internasional              7 Juli 2028/
                     Tahap I Tahun 2023 Seri B       7,30%   July 7, 2028                 idAA-                -           29.114                 -
                 Obligasi I Angkasa Pura II                  30 Juni 2026/
                     Tahun 2016 Seri C               9,00%   June 30, 2026                idAAA           idAA+            28.212            28.757
                 Obligasi Berkelanjutan III
                     PLN Tahap II                            10 Oktober, 2028/
                     Tahun 2018 Seri C               9,10%   October 10, 2028             idAAA           idAAA            26.924            27.105
                 Obligasi Berkelanjutan IV
                     Mandiri Tunas Finance                   26 Juli 2024/
                     Tahap II Tahun 2019 Seri B      9,50%   July 26, 2024                idAAA           idAAA            25.363            26.272
                 Obligasi Berkelanjutan II
                     Protelindo Tahap II                     17 Desember, 2024/
                     Tahun 2021 Seri B               5,30%   Desember 17, 2024       AAA(idn)           AAA(idn)           24.621            24.523
                 Obligasi Berkelanjutan III PLN              1 Oktober 2039/
                     Tahap V Tahun 2019 Seri E       9,90%   October 1, 2039              idAAA           idAAA            23.686            22.575
                 Obligasi Berkelanjutan II
                     Bank BRI Tahap II                       11 April 2027/
                     Tahun 2017 Seri D               8,80%   April 11, 2027               idAAA           idAAA            23.100            23.393
                 Obligasi Berkelanjutan II
                     Bank BRI Tahap I                        1 Desember 2026/
                     Tahun 2016 Seri E               8,90%   December 1, 2026             idAAA           idAAA            23.062            23.639
                 Obligasi I Pelindo IV                       4 Juli 2025/
                     Tahun 2018 Seri B               9,15%   July 4, 2025                 idAAA           idAAA            20.707            21.193
                 Obligasi Berkelanjutan I
                     Hutama Karya                            21 Desember 2026/
                     Tahap I Tahun 2016              8,55%   December 21, 2026            idAAA        idAAA(gg)           20.594            21.066
                 Obligasi I Angkasa Pura I                   22 November 2026/
                     Tahun 2016 Seri C               8,55%   November 22, 2026            idAA+           idAA+            20.525            20.895
                 Obligasi II Kereta Api Indonesia            13 Desember 2024/
                     Tahun 2019 Seri A               7,75%   December 13, 2024            idAAA           idAA+            20.150            20.391
                 Obligasi Berkelanjutan IV
                     Adira Finance Tahap V                   16 April, 2024/
                     Tahun 2019 Seri C               9,15%   April 16, 2024               idAAA           idAAA            20.133            20.781
                 Obligasi Berkelanjutan II
                     PLN Tahap I                             11 Juli, 2024/
                     Tahun 2017 Seri B               8,10%   July 11, 2024                idAAA           idAAA            20.125            20.531
                 Obligasi Berkelanjutan II
                     Mayora Indah Tahap I                    9 September 2025/
                     Tahun 2020 Seri C               7,90%   September 9, 2025             idAA             idAA           20.117            20.211
                 Obligasi Berkelanjutan IV
                     Astra Sedaya Finance Tahap II           13 Februari 2024/
                     Tahun 2019 Seri C               9,20%   February 13, 2024       AAA(idn)           AAA(idn)           20.056            20.713
                 Obligasi Berkelanjutan IV
                     Tower Bersama Infrastructure            17 Februari, 2024/
                     Tahap III Tahun 2021 Seri B     6,75%   February 17, 2024       AA+(idn)           AA+(idn)           19.995            20.157
                 Obligasi Berkelanjutan V Mandiri
                     Tunas Finance Tahap III                 23 Februari 2027/
                     Tahun 2022 Seri B               6,75%   February 23, 2027            idAAA           idAAA            19.897            19.805
                 Obligasi Berkelanjutan II
                     Sarana Multi Infrastruktur              11 December 2025/
                     Tahap V Tahun 2020 Seri B       6,70%   December 11, 2025            idAAA           idAAA            19.893            20.223
                 Obligasi Berkelanjutan II Mayora            29 Maret 2027/
                     Indah Tahap II 2022 Seri A      7,00%   March 29, 2027                idAA             idAA           19.546            19.341
                 Obligasi Berkelanjutan I
                     Indonesia Infrastructure
                     Finance Tahap II                        21 Oktober 2025/
                     Tahun 2020 Seri C               6,90%   October 21, 2025             idAAA           idAAA            18.972            19.115




                                                                       90
Page 236
                                                                                                    The original supplementary information included herein
                                                                                                                          are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                          As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                            10. 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)

        (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       2023           2022         2023             2022

             Pihak ketiga/Third parties
                (lanjutan/continued)
             Konvensional/Conventional
                (lanjutan/continued)
             Rupiah (lanjutan/continued)
                Obligasi Korporasi/Corporate Bond
                    (lanjutan/continued)
                Obligasi Berkelanjutan II
                    Maybank Finance Tahap II                   2 April 2024/
                    Tahun 2019 Seri B                 9,35%    April 2, 2024           AAA(idn)           AAA(idn)           16.101            16.730
                Obligasi Berkelanjutan
                    Indonesia EXIMBANK III                     23 Februari 2027/
                    Tahap IV Tahun 2017 Seri E        9,40%    February 23, 2027            idAAA           idAAA            15.978            16.273
                Obligasi Berkelanjutan I
                    Bank Mandiri Tahap II                      15 Juni 2027/
                    Tahun 2017 Seri C                 8,65%    June 15, 2027                idAAA           idAAA            15.747            16.002
                Obligasi Berkelanjutan I
                    Indosat Tahap II                           4 Juni 2025/
                    Tahun 2015 Seri E                 10,40%   June 4, 2025                 idAAA           idAAA            15.695            16.294
                Obligasi Berkelanjutan II
                    Indosat Tahap III                          3 Mei 2025/
                    Tahun 2018 Seri D                 8,20%    May 3, 2025                  idAAA           idAAA            15.237            15.551
                Obligasi Berkelanjutan V
                    Astra Sedaya Finance                       15 April, 2024/
                    Tahap II Tahun 2021 Seri B        6,35%    April 15, 2024               idAAA           idAAA            14.978            15.081
                Obligasi Berkelanjutan II
                    Protelindo Tahap II                        17 Desember, 2026/
                    Tahun 2021 Seri C                 6,35%    December 17, 2026            idAAA           idAAA            14.618            14.546
                Obligasi Berkelanjutan IV
                    Sanf Tahap II                              16 Maret, 2028/
                    Tahun 2023 Seri C                 7,25%    March 16, 2028          AAA(idn)                  -           14.614                 -
                Obligasi Berkelanjutan I
                    Medikaloka Hermina                         15 Juli, 2027/
                    Tahap II Tahun 2019 Seri B        6,75%    July 15, 2027                 idAA                -           14.493                 -
                Obligasi Berkelanjutan I
                    XL Axiata Tahap II                         8 Februari 2029/
                    Tahun 2019 Seri D                 10,00%   February 8, 2029        AAA(idn)           AAA(idn)           11.185            11.281
                Obligasi Berkelanjutan IV
                    Sanf Dengan Tingkat Bunga                  10 Juni 2025/
                    Tetap Tahun I Tahun 2022 Seri B   7,05%    June 10, 2025            AA(idn)                  -           10.935            10.960
                Obligasi Berkelanjutan III
                    PLN Tahap VII Tahun 2020                   6 Mei 2030/
                    Seri D                            9,10%    May 6, 2030                  idAAA           idAAA            10.917            10.879
                Sukuk Ijarah Berkelanjutan I
                    XL AXIATA Tahap II                         28 April 2027/
                    Tahun 2017 Seri E                 9,40%    April 28, 2027          AAA(idn)           AAA(idn)           10.700            10.880
                Obligasi Berkelanjutan II
                    PLN Tahap II                               3 November 2027/
                    Tahun 2017 Seri C                 8,20%    November 3, 2027             idAAA           idAAA            10.361            10.434
                Obligasi Berkelanjutan III PLN                 1 Agustus 2026/
                    Tahap IV Tahun 2019 Seri B        8,50%    August 1, 2026               idAAA           idAAA            10.344            10.505
                Obligasi Berkelanjutan I
                    Chandra Asri Petrochemical                 12 Desember 2024/
                    Tahap I Tahun 2017 Seri C         9,75%    December 12, 2024            idAA-                -           10.208            10.358
                Obligasi Berkelanjutan
                    Sarana Multigriya Finansial                12 September 2027/
                    Tahap III Tahun 2022              6,95%    September 12, 2027           idAAA                -           10.199            10.216
                Obligasi Berkelanjutan Indonesia
                    Eximbank IV Tahap I                        6 Juni 2025/
                    Tahun 2018 Seri C                 8,30%    June 6, 2025                 idAAA          idAAAA            10.181            10.408




                                                                         91
Page 237
                                                                                                    The original supplementary information included herein
                                                                                                                          are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                          As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                            10. 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       2023           2022         2023             2022

              Pihak ketiga/Third parties
                 (lanjutan/continued)
              Konvensional/Conventional
                 (lanjutan/continued)
              Rupiah (lanjutan/continued)
                 Obligasi Korporasi/Corporate Bond
                     (lanjutan/continued)
                 Obligasi MPM Finance I Tahun                  24 September 2024/
                     2019 Seri C                      9,75%    September 24, 2024        AA(idn)           AA(idn)           10.173            10.445
                 Obligasi Berkelanjutan I
                     Medikaloka Hermina Tahap I                8 September 2025/
                      Tahun 2020 Seri B               8,50%    September 8, 2025             idAA                -           10.153            10.290
                 Obligasi Berkelanjutan II
                     Pupuk Indonesia Tahap I                   3 September, 2025/
                     Tahun 2020 Seri B                7,70%    September 3, 2025       AAA(idn)                  -           10.113            10.263
                 Obligasi Berkelanjutan V
                     Sarana Multigriya Finansial               4 Juli 2024/
                     Tahap I Tahun 2019 Seri C        8,75%    July 4, 2024                 idAAA                -           10.093            10.378
                 Obligasi Berkelanjutan V
                     Sarana Multigriya Finansial               18 Februari, 2025/
                     Tahap III Tahun 2020 Seri B      7,50%    February 18, 2025            idAAA                -           10.060            10.215
                 Sukuk Mudharabah Berkelanjutan III
                     Adira Finance Tahap III                   23 Januari 2024/
                     Tahun 2019 Seri C                9,50%    January 23, 2024        idAAA(sy)         idAAA(sy)           10.017            10.374
                 Obligasi Berkelanjutan IV
                     WOM Finance Tahap II                      11 April, 2026/
                     Tahun 2023 Seri B                7,00%    April 11, 2026            AA(idn)                 -            9.941                 -
                 Obligasi Berkelanjutan V
                     BFI Finance Indonesia                     14 April, 2025/
                     Tahap IV Tahun 2023 Seri B       7,00%    April 14, 2025            AA(idn)                 -            9.933                 -
                 Obligasi Berwawasan Lingkungan
                     Bank Negara Indonesia                     21 Juni 2025/
                     Tahap I Tahun 2022               6,35%    June 21, 2025                idAAA           idAAA             9.914            10.121
                 Obligasi Berkelanjutan V
                     Astra Sedaya Finance                      22 Oktober, 2024/
                     Tahap III Tahun 2021 Seri B      5,30%    October 22, 2024             idAAA           idAAA             9.873             9.903
                 Obligasi I Pelindo IV                         4 Juli 2028/
                     Tahun 2018 Seri C                9,35%    July 4, 2028                 idAAA           idAAA             9.753             9.838
                 Sukuk Ijarah Berkelanjutan I
                     Indosat Tahap II                          4 Juni 2025/
                     Tahun 2015 Seri E                10,40%   June 4, 2025            idAAA(sy)         idAAA(sy)            9.417             9.788
                 Obligasi Berkelanjutan II
                     Sarana Multi Infrastruktur                30 Oktober 2026/
                     Tahap III Tahun 2019 Seri D      8,30%    October 30, 2026             idAAA           idAAA             8.255             8.360
                 Obligasi Berkelanjutan II
                     Bank Mandiri Tahap I                      12 Mei 2025/
                     Tahun 2020 Seri A                7,75%    May 12, 2025                 idAAA           idAAA             8.082             8.250
                 Obligasi Berkelanjutan II
                     Bank Mandiri Tahap I                      12 Mei 2027/
                      Tahun 2020 Seri B               8,30%    May 12, 2027                 idAAA           idAAA             6.240             6.290
                 Obligasi Berkelanjutan V
                      Mandiri Tunas Finance                    23 Februari 2025/
                      Tahap III Tahun 2022 Seri A     5,90%    February 23, 2025            idAAA           idAAA             5.945             6.160
                 Obligasi Berkelanjutan V
                     Tower Bersama Infrastructure              2 Maret 2025/
                     Tahap III Tahun 2022 Seri B      5,90%    March 2, 2025            AA+(idn)          AA+(idn)            5.943             5.937
                 Obligasi Berkelanjutan I
                     Telkom Tahap I                            23 Juni, 2030/
                     Tahun 2015 Seri C                10,60%   June 23, 2030                idAAA           idAAA             5.849             5.870
                 Obligasi Berkelanjutan II
                     PLN Tahap III                             22 Februari 2033/
                     Tahun 2018 Seri D                8,20%    February 22, 2033            idAAA                -            5.262             4.969




                                                                         92
Page 238
                                                                                                        The original supplementary information included herein
                                                                                                                              are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                          As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                            10. 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       2023           2022         2023             2022

              Pihak ketiga/Third parties
                 (lanjutan/continued)
              Konvensional/Conventional
                 (lanjutan/continued)
              Rupiah (lanjutan/continued)
                 Obligasi Berkelanjutan I
                     Sarana Multi Infrastruktur                18 November, 2026/
                     Tahap I Tahun 2016 Seri C         8,65%   November 18, 2026            idAAA                    -            5.240             5.285
                 Obligasi Berkelanjutan II
                     Protelindo Tahap I                        3 September 2025/
                     Tahun 2020 Seri B                 7,70%   September 3, 2025       AAA(idn)               AAA(idn)            5.056             5.138
                 Obligasi Berkelanjutan III
                     Bank BTN Tahap II                         28 Juni 2024/
                     Tahun 2019 Seri C                 9,00%   June 28, 2024           AA+(idn)                AA(idn)            5.046             5.155
                 Obligasi Berkelanjutan III
                     Bank Maybank Indonesia                    3 Juli 2024/
                     Tahap I Tahun 2019 Seri C         8,70%   July 3, 2024                 idAAA               idAAA             5.045             5.185
                 Obligasi Berkelanjutan IV Bank                8 Juli 2025/
                     Maybank Indonesia I 2022 Seri B   6,25%   July 8, 2025                 idAAA               idAAA             4.948             5.016
                 Obligasi Berkelanjutan V
                     Federal International Finance             27 Oktober, 2024/
                     Tahap II Tahun 2021 Seri B        5,30%   October 27, 2024        AAA(idn)                      -            4.932             4.922
                 Obligasi Berkelanjutan V
                     Tower Bersama Infrastructure              11 Agustus, 2024/
                     Tahap IV Tahun 2022 Seri B        6,35%   August 11, 2024         AAA(idn)               AA+(idn)            4.923             5.010
                 Obligasi I Kereta Api Indonesia               21 November 2024/
                     Tahun 2017 Seri B                 8,25%   November 21, 2024            idAAA               idAA+             4.045             4.117
                 Obligasi Berkelanjutan II
                     Bank BRI Tahap IV                         21 Februari 2025/
                     Tahun 2018 Seri B                 6,90%   February 21, 2025            idAAA                    -            3.998             4.059
                 Obligasi Berkelanjutan Indonesia
                     Eximbank IV Tahap III                     8 November 2025/
                     Tahun 2018 Seri D                 9,75%   November 8, 2025             idAAA               idAAA             2.095             2.161
                 Obligasi Berkelanjutan IV
                     Mandiri Tunas Finance                     8 Januari 2024/
                     Tahap I Tahun 2019 Seri B         9,75%   January 8, 2024              idAAA               idAAA             2.001             2.077
                 Obligasi Berkelanjutan V
                     Federal International Finance             8 Juni, 2024/
                     Tahap I Tahun 2021 Seri B         6,25%   June 8, 2024            AAA(idn)                      -            1.496             1.503
                 Obligasi I PELINDO 1
                     Gerbang Nusantara                         21 Juni 2026/
                     Tahun 2016 Seri D                 9,50%   June 21, 2026                idAAA               idAAA             1.056             1.082
                 Bank BTN                                      27 Maret 2023/
                     Tahap II Tahun 2013               7,90%   March 27, 2023                   -              AA(idn)                -           120.601
                 Obligasi Berkelanjutan II
                     Bank Panin Tahap III                      27 Februari 2023/
                     Tahun 2018                        7,60%   February 27, 2023                -                 idAA                -            66.193
                 Obligasi Berkelanjutan IV
                     Adira Finance Tahap II                    21 Maret 2023/
                     Tahun 2018 Seri D                 7,50%   March 21, 2023                   -               idAAA                 -            55.283
                 Obligasi Berkelanjutan III
                     Pegadaian Tahap II                        16 Maret 2023/
                     Tahun 2018 Seri C                 7,10%   March 16, 2023                   -               idAAA                 -            50.201
                 Obligasi Berkelanjutan III
                     Tower Bersama Infrastructure              24 Maret 2023/
                     Tahap IV Tahun 2020 Seri B        7,75%   March 24, 2023                   -             AA+(idn)                -            27.652
                 Obligasi Berkelanjutan IV
                     Adira Finance Tahap III                   16 Agustus, 2023/
                     Tahun 2018 Seri E                 9,25%   August 16, 2023                      -           idAAA                 -            25.569
                 Obligasi Berkelanjutan I
                     Mayora Indah Tahap III                    24 April 2023/
                     Tahun 2018                        8,15%   April 24, 2023                       -             idAA                -            25.180
                 Obligasi I Pelindo IV                         4 Juli 2023/
                    Tahun 2018 Seri A                  8,00%   July 4, 2023                         -           idAAA                 -            20.257




                                                                         93
Page 239
                                                                                                               The original supplementary information included herein
                                                                                                                                     are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                       As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                         10. 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       2023           2022         2023             2022

                     Pihak ketiga/Third parties
                        (lanjutan/continued)
                     Konvensional/Conventional
                        (lanjutan/continued)
                     Rupiah (lanjutan/continued)
                        Obligasi Korporasi/Corporate Bond
                        Obligasi Berkelanjutan I
                            Medikaloka Hermina Tahap I                      8 September 2023/
                            Tahun 2020 Seri A                   8,00%       September 8, 2023             -              idAA                -            20.236
                        Obligasi Berkelanjutan V
                            Adira Finance Tahap I                           7 Juli 2023/
                            Tahun 2020 Seri B                   7,90%       July 7, 2023                  -            idAAA                 -            20.129
                        Obligasi Berkelanjutan IV
                            Pegadaian Tahap I                               13 Mei 2023/
                            Tahun 2020 Seri B                   7,70%       May 13, 2023                  -            idAAA                 -            15.130
                        Obligasi Berkelanjutan IV
                            Astra Sedaya Finance                            27 Maret 2023/
                            Tahap IV Tahun 2020 Seri B          7,00%       March 27, 2023                -            idAAA                 -            15.065
                        Obligasi I PELINDO 1
                            Gerbang Nusantara                               21 Juni 2023/
                            Tahun 2016 Seri C                   9,25%       June 21, 2023                 -            idAAA                 -            13.243
                        Sukuk Ijarah Berkelanjutan III                      10 Oktober 2023/
                            PLN II Tahun 2018 Seri A            8,65%       October 10, 2023              -         idAAA(sy)                    -        10.227
                        Sukuk Mudharabah
                            Subordinasi I                                   16 November 2023/
                            BRISyariah Tahun 2016               9,25%       November 16, 2023             -           A+(idn)                    -        10.182
                        Obligasi Berkelanjutan I Busan
                            Auto Finance Tahap I                            4 Agustus 2023/
                            Tahun 2020                          8,25%       August 4, 2023                -          AAA(idn)                    -        10.136
                        Sukuk Ijarah Berkelanjutan I
                            PLN Tahap II                                    10 Desember 2023/
                            Tahun 2013 Seri B                   9,60%       December 10, 2023             -         idAAA(sy)                    -         7.245
                        Sukuk Ijarah Berkelanjutan II
                            XL Axiata Tahap I                               16 Oktober 2023/
                            Tahun 2018 Seri C                   9,60%       October 16, 2023              -          AAA(idn)                -             5.147
                        Obligasi Berkelanjutan IV
                            Pegadaian Tahap II                              8 Juli 2023/
                            Tahun 2020 Seri B                   7,60%       July 8, 2023                  -            idAAA                 -             5.055
                        Obligasi Berkelanjutan II
                            Protelindo Tahap I                              3 September 2023/
                            Tahun 2020 Seri A                   7,00%       September 3, 2023             -          AAA(idn)                -             5.050
                        Obligasi Berkelanjutan II
                            Sarana Multi Infrastruktur                      11 Desember 2023/
                            Tahapan V Tahun 2020 Seri A         6,30%       December 11, 2023             -            idAAA                 -             5.034
                        Sukuk Mudharabah Berkelanjutan I
                            Bank CIMB Niaga Tahap III                       27 Maret 2023/
                            Tahun 2020 Seri B                   7,00%       March 27, 2023                -         idAAA(sy)                -             5.022
                        Obligasi Berkelanjutan IV
                            SMF Tahap III                                   20 Februari 2023/
                            Tahun 2018 Seri C                   6,95%       February 20, 2023             -            idAAA                 -             5.013


                        Sub - total                                                                                                  1.740.299         2.080.482

                     Dolar A.S./U.S. Dollar
                       Obligasi Negara/Government Bond*)
                                                                            15 Januari 2024/
                        Republic of Indonesia 2024              5,87%       January 15, 2024              -                 -           20.049            20.731
                                                                            8 Januari 2026/
                        Republic of Indonesia 2026              4,75%       January 8, 2026               -                 -            3.090                 -
                                                                            20 September 2027/
                        Republic of Indonesia 2027              4,15%       September 20, 2027            -                 -            1.523                 -

                        Sub - total                                                                                                     24.662            20.731


  *)
       Obligasi pemerintah tidak diperingkat/Government bonds are unrated


                                                                                      94
Page 240
                                                                                                            The original supplementary information included herein
                                                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                   As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                     10. 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       2023           2022         2023             2022

                    Pihak ketiga/Third parties
                    (lanjutan/continued)
                    Konvensional/Conventional
                    (lanjutan/continued)
                    Dolar A.S./U.S. Dollar
                    (lanjutan/continued)
                       Obligasi Korporasi/Corporate Bonds

                                                                        3 Mei 2042/
                       Pertamina Persero 2042                  6,00%    May 3, 2042                  BBB              BBB            80.502            74.942
                                                                        20 Mei 2043/
                       Pertamina Persero 2043                  5,63%    May 20, 2043                 BBB              BBB            62.273            57.741
                       Majapahit Holding B.V                            29 Juni 2037/
                         (PLN) 2037                            7,88%    June 29, 2037                BBB              BBB            18.273            17.737
                       Perusahaan Listrik                               24 Oktober 2042/
                         Negara 2042                           5,25%    October 24, 2042             BBB              BBB             9.624             8.799
                                                                        13 Mei 2025/
                       Bank Mandiri 2025                       4,75%    May 13, 2025                 BBB-             BBB-            3.058                 -
                                                                        20 Juli, 2023/
                       Bank Rakyat Indonesia 2023              4,63%    July 20, 2023                BBB              BBB                 -            15.676


                       Sub - total                                                                                                  173.730           174.895


                    Pihak berelasi/Related parties
                    Konvensional/Conventional
                    Rupiah
                       Obligasi Korporasi/Corporate Bond
                       Obligasi Berkelanjutan IV SMART                  16 Juli 2023/
                          I Tahun 2022 Seri A                  4,75%    July 16, 2023                   -            idAA-                -            29.773

                       Total Pihak Berelasi                                                                                               -            29.773

                    Total konvensional/Total conventional                                                                         6.401.590         5.914.936

                    Pihak ketiga/Third parties
                    Syariah/Sharia
                    Rupiah
                    Surat Berharga Syariah
                       Negara RI (SBSN):*)
                                                                        15 November 2031/
                           PBS012                              8,87%    November 15, 2031               -                -           79.237            78.428
                                                                        15 Oktober 2024/
                           PBS026                              6,62%    October 15, 2024                -                -           55.130            40.348
                                                                        15 Agustus 2025/
                           PBS036                              5,38%    August 15, 2025                 -                -           44.225                 -
                                                                        15 Februari, 2037/
                           PBS004                              6,10%    February 15, 2037               -                -            9.477             9.047
                                                                         15 Maret 2034/
                           PBS029                              6,37%    March 15, 2034                  -                -            7.784             7.517
                                                                         15 Maret 2030/
                           IFR006                            10,25%      March 15, 2030                 -                -            7.060             7.181
                                                                        15 Oktober 2025/
                           PBS017                              6,12%    October 15, 2025                -                -            2.974             3.011
                                                                        15 Agustus 2023/
                           PBS011                              8,75%    August 15, 2023                 -                -                -            45.925



                                                                                                                                    205.887           191.457


              *)
                   Obligasi pemerintah tidak diperingkat/Government bonds are unrated




                                                                                  95
Page 241
                                                                                                           The original supplementary information included herein
                                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                  As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                    10. 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       2023           2022         2023             2022

                    Pihak ketiga/Third parties
                    (lanjutan/continued)
                    Syariah/Sharia
                    (lanjutan/continued)
                    Rupiah
                    (lanjutan/continued)
                    Surat Berharga Syariah
                        Obligasi Korporasi/Corporate Bond
                        Sukuk Mudharabah
                           Berkelanjutan Indonesia
                           Eximbank I Tahap II                          8 November 2025/
                           Tahun 2018 Seri D                   9,75%    November 8, 2025       idAAA(sy)        idAAA(sy)           20.953            21.584
                        Sukuk Ijarah Berkelanjutan II
                           XL AXIATA Tahap I                            16 Oktober 2025/
                           Tahun 2018 Seri D                   10,10%   October 16, 2025       AAA(idn)          AAA(idn)           10.521            10.871
                        Sukuk Wakalah BI Al-Istitsmar I
                           CIMB Niaga Auto Finance                      8 Februari, 2026/
                           Tahun 2023 Seri B                   7,15%    February 8, 2026        AA+(idn)         AA+(idn)            9.947                 -
                        Sukuk Mudharabah Berkelanjutan                  23 Januari 2024/
                           III Adira Finance III 2019 Seri C   9,50%    January 23, 2024       idAAA(sy)        idAAA(sy)            3.005             3.112
                        Sukuk Ijarah Berkelanjutan II                   10 Oktober, 2023/
                           Tahun 2018 Seri A                   8,65%    October 10, 2023               -         AA+(idn)                -            10.227

                                                                                                                                    44.426            45.794

                       Sub - total                                                                                                 250.313           237.251


                    Syariah - Mudharabah/
                       Sharia - Mudharabah
                    Rupiah
                       Surat Berharga Syariah
                       Negara RI (SBSN):*)
                                                                        15 Oktober 2024/
                           PBS026                              6,63%    October 15, 2024               -                -           15.035            15.131
                                                                        15 Oktober 2025/
                           PBS017                              6,13%    October 15, 2025               -                -            9.913            10.037

                       Sub - total                                                                                                  24.948            25.168

              Total efek utang/Total debt securities                                                                             6.676.851         6.177.355


              *)
                   Obligasi pemerintah tidak diperingkat/Government bonds are unrated

              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 31                                                      assigned by Fitch as of December 31, 2023
              Desember 2023 dan 2022.                                                                      and 2022.
              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.



                                                                                  96
Page 242
                                                                                                                The original supplementary information included herein
                                                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                       PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                          SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                 As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                10. 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)

        Perubahan nilai tercatat bruto adalah sebagai                                              Movement in the gross carrying amount are as
        berikut:                                                                                   follows:
                                                                31 Desember/December 31, 2023

                                            Tahap/Stage 1       Tahap/Stage 2           Tahap/Stage 3                Total

         Saldo awal tahun                        6.177.355                      -                       -              6.177.355            Balance at beginning of year
         Pengukuran kembali bersih                                                                                                                    Net remeasurement
             nilai tercatat                         (1.344)                     -                       -                    (1.344)                   carrying value
         Aset keuangan baru yang                                                                                                                New financial asset issued
            diterbitkan atau dibeli              3.702.288                      -                       -              3.702.288                         or purchased
         Aset keuangan yang dihentikan                                                                                                                      Derecognized
            pengakuannya                        (3.201.448)                     -                       -             (3.201.448)                      financial assets

         Saldo akhir tahun                       6.676.851                      -                       -              6.676.851                Balance at ending of year



                                                                31 Desember/December 31, 2022

                                            Tahap/Stage 1       Tahap/Stage 2           Tahap/Stage 3                Total


         Saldo awal tahun                        5.348.601                      -                       -              5.348.601            Balance at beginning of year
         Pengukuran kembali bersih                                                                                                                    Net remeasurement
             nilai tercatat                       (423.461)                     -                       -              (423.461)                       carrying value
         Aset keuangan baru yang                                                                                                                New financial asset issued
            diterbitkan atau dibeli              2.153.169                      -                       -              2.153.169                          or purchased
         Aset keuangan yang dihentikan                                                                                                                       Derecognized
             pengakuannya                         (900.954)                     -                       -              (900.954)                        financial assets

         Saldo akhir tahun                       6.177.355                      -                       -              6.177.355                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, 2023


                                         Tahap/Stage 1        Tahap/Stage 2             Tahap/Stage 3                   Total

         Saldo awal tahun                         2.782                             -                       -                     2.782 Balance at beginning of year
         Pengukuran kembali neto                                                                                                                 Net remeasurement
           penyisihan kerugian                     (502)                            -                       -                      (502)          of loss allowance

         Saldo akhir tahun                        2.280                             -                       -                     2.280    Balance at ending of year


        Perubahan penyisihan kerugian penurunan                                                    Movement in the allowance for impairment
        nilai adalah sebagai berikut: (lanjutan)                                                   losses are as follows: (continued)
                                                            31 Desember/December 31, 2022


                                         Tahap/Stage 1        Tahap/Stage 2             Tahap/Stage 3                   Total


         Saldo awal tahun                         3.147                             -                       -                     3.147 Balance at beginning of year
         Pengukuran kembali neto                                                                                                                  Net remeasurement
           penyisihan kerugian                     (365)                            -                       -                      (365)           of loss allowance

         Saldo akhir tahun                        2.782                             -                       -                     2.782    Balance at ending of year




                                                                          97
Page 243
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                          10. 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 lain,                       in other comprehensive income and the
              sehingga nilai tercatatnya disajikan sebesar                      carrying amount is stated at fair value.
              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 2023                            2023 and 2022 is adequate to cover
              dan    2022    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,
                                                  2023             2022

              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         206.132           145.337                   other comprehensive income
              Pajak penghasilan terkait              (14.630)           (8.846)                             Related income tax




                                                             98
Page 244
                                                                                            The original supplementary information included herein
                                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                   As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                  10. 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)

        (ii) Efek saham terdaftar di Bursa Efek                                         (ii) Equity securities listed on the Indonesia
             Indonesia (“BEI”)                                                               Stock Exchange (“IDX”)
           Selama tahun 2022, Perusahaan telah                                               During 2022, the Company has sold
           menjual beberapa investasi pada instrumen                                         several investments in its equity
           ekuitasnya yang diukur pada nilai wajar                                           instruments which are measured at fair
           melalui penghasilan komprehensif lain                                             value through other comprehensive
           sebagai berikut :                                                                 income as follows:
                                                                                     31 Desember 2022 / December 31, 2022

                                                                                                                    Keuntungan (kerugian)
                                                                                                Nilai wajar                kumulatif/
                                                           Tanggal Pelepasan/                saat pelepasan/             Accumulated
                                                            Date of disposal              Fair value at disposal          gain (loss)

            Efek Ekuitas/Equity securities
            Konvensional
            PT Bank Central Asia Tbk                    10 Maret / March 10, 2022                        111.285                       39.484
            PT Telekomunikasi Indonesia (Persero) Tbk     8 Maret / March 8, 2022                         55.075                        2.865
            PT Bank Mandiri (Persero) Tbk                 8 Maret / March 8, 2022                         43.258                      (1.368)
            PT Bank Rakyat Indonesia (Persero) Tbk 14 Januari / January 14, 2022                          41.568                        4.153
            PT Astra International Tbk                    8 Maret / March 8, 2022                         34.224                     (14.024)
            PT Bank Negara Indonesia (Persero) Tbk16 Februari / February 16, 2022                         16.336                      (3.793)
            PT Unilever Indonesia Tbk                     1 Maret / March 1, 2022                         14.115                     (26.993)
            PT Charoen Pokphand Indonesia Tbk        14 Januari / January 14, 2022                        11.529                      (2.355)
            PT United Tractors Tbk                        1 Maret / March 1, 2022                         10.347                      (5.560)
            PT Indofood CBP Sukses Makmur Tbk             4 Maret / March 4, 2022                          9.966                        (489)
            PT HM Sampoerna Tbk                           1 Maret / March 1, 2022                          9.929                     (41.574)
            PT Kalbe Farma Tbk                            8 Maret / March 8, 2022                          9.471                        (392)
            PT Adaro Energy Tbk                      17 Januari / January 17, 2022                         9.374                          652
            PT Indofood Sukses Makmur Tbk          16 Februari / February 16, 2022                         6.898                      (1.737)
            PT Gudang Garam Tbk                    16 Februari / February 16, 2022                         5.871                     (10.221)
            PT Semen Indonesia (Persero) Tbk              1 Maret / March 1, 2022                          5.211                      (3.157)
            PT Indocement Tunggal Prakasa Tbk      24 Februari / February 24, 2022                         4.988                      (5.028)
            PT Indah Kiat Pulp & Paper Tbk         24 Februari / February 24, 2022                         4.936                      (6.720)
            PT Perusahaan Gas Negara
               (Persero) Tbk                       18 Februari / February 18, 2022                         3.999                      (2.550)
            PT Tambang Batubara Bukit
               Asam (Persero) Tbk                    17 Januari / January 17, 2022                         3.340                      (1.939)
            PT Bank Tabungan Negara
               (Persero) Tbk                       16 Februari / February 16, 2022                         2.125                      (2.153)
            PT Ace Hardware Indonesia Tbk            14 Januari / January 14, 2022                         1.357                        (235)
            PT Medco Energi Internasional Tbk             1 Maret / March 1, 2022                          1.132                        (770)
            PT Aneka Tambang (Persero) Tbk                1 Maret / March 1, 2022                          1.115                        (385)
            PT Waskita Karya (Persero) Tbk           24 Januari / January 24, 2022                           843                      (3.088)
            PT PP (Persero) Tbk                    16 Februari / February 16, 2022                           765                      (1.470)
        Sub-total                                                                                        419.057                     (88.847)




                                                                  99
Page 245
                                                                                            The original supplementary information included herein
                                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                 10. 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)

   (ii) Efek saham terdaftar di Bursa Efek Indonesia                           (ii) Equity securities listed on the Indonesia Stock
        (“BEI”) (lanjutan)                                                     Exchange (“IDX”) (continued)


                                                                                    31 Desember 2022 / December 31, 2022

                                                                                                                    Keuntungan (kerugian)
                                                                                               Nilai wajar                 kumulatif/
                                                          Tanggal Pelepasan/                saat pelepasan/              Accumulated
                                                           Date of disposal              Fair value at disposal           gain (loss)

        Efek Ekuitas/Equity securities
           Entitas Anak/Subsidiaries
           PT Bank Mandiri (Persero) Tbk            2 Februari / February 2, 2022                         9.313                         (523)
           PT Bank Negara Indonesia (Persero) Tbk   7 Februari / February 7, 2022                         8.751                       (1.781)
           PT Astra International Tbk               2 Februari / February 2, 2022                         8.297                       (3.923)
           PT Adaro Energy Tbk                      7 Februari / February 7, 2022                         8.191                           333
           PT United Tractors Tbk                   7 Februari / February 7, 2022                         6.621                       (4.009)
           PT Unilever Indonesia Tbk                4 Februari / February 4, 2022                         6.519                      (10.695)
           PT Indofood Sukses Makmur Tbk            4 Februari / February 4, 2022                         4.141                         (272)
           PT Gudang Garam Tbk                      4 Februari / February 4, 2022                         3.000                       (4.732)
           PT Tambang Batubara Bukit Asam
               (Persero) Tbk                        7 Februari / February 7, 2022                         2.840                       (1.787)
           PT HM Sampoerna Tbk                      2 Februari / February 2, 2022                         2.746                      (10.339)
           PT Charoen Pokphand Indonesia Tbk        2 Februari / February 2, 2022                         2.549                         (453)
           PT Indah Kiat Pulp & Paper Tbk           2 Februari / February 2, 2022                         2.131                       (3.391)
           PT Semen Indonesia (Persero) Tbk         2 Februari / February 2, 2022                         2.075                       (1.144)
           PT Indocement Tunggal Prakasa Tbk        3 Februari / February 3, 2022                         2.065                       (1.580)
           PT Bank Tabungan Negara (Persero) Tbk    4 Februari / February 4, 2022                         1.793                       (1.211)
           PT Perusahaan Gas Negara (Persero) Tbk   7 Februari / February 7, 2022                         1.721                       (1.364)
           PT Waskita Karya (Persero) Tbk           4 Februari / February 4, 2022                           705                         (798)
           PT Medco Energi International Tbk        4 Februari / February 4, 2022                           509                         (346)
           PT Ace Hardware Indonesia Tbk            2 Februari / February 2, 2022                           428                          (94)
           PT PP (Persero) Tbk                      4 Februari / February 4, 2022                           317                         (593)
           PT Express Transindo Utama Tbk              29 Maret / March 29, 2022                            241                             -
          Sub-total                                                                                      74.953                      (48.702)
          Total                                                                                         494.010                     (137.549)




                                                               100
Page 246
                                                                                                              The original supplementary information included herein
                                                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                   As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                                  10. INVESTMENTS (continued)
   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       2023           2022         2023             2022
                  Pihak ketiga/Third parties
                  Konvensional/Conventional
                  Rupiah
                     Obligasi Negara/Government Bonds*)
                                                                      15 Mei 2033/
                      FR0065                                 6,63%    May 15, 2033                        -                  -        148.337             147.192
                                                                      15 Maret 2024/
                      FR0070                                 8,38%    March 15, 2024                      -                  -        144.879             144.309
                                                                      15 Juni 2032/
                      FR0058                                 8,25%    June 15, 2032                       -                  -         99.889              99.881
                                                                      15 Februari 2028/
                      FR0047                                10,00%    February 15, 2028                   -                  -         58.473              59.156
                                                                      15 Mei 2028/
                      FR0064                                 6,13%    May 15, 2028                        -                  -         36.342              35.681

                  Total efek utang/Total debt securities                                                                              487.920             486.219
                  Penyisihan Kerugian Penurunan Nilai/Allowance for Impairment Losses                                                     (86)                (85 )

                  Neto/Net                                                                                                            487.834             486.134



        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 Rupiah
        Republik Indonesia dalam Rupiah tidak                                                    are unrated.
        diperingkat.
        Perubahan nilai tercatat bruto adalah sebagai                                           Movement in the gross carrying amount are as
        berikut:                                                                                follows:
                                                                     31 Desember/December 31, 2023

                                                Tahap/Stage 1        Tahap/Stage 2        Tahap/Stage 3            Total

         Saldo awal tahun                               486.219                                                       486.219          Balance at beginning of year
         Pengukuran kembali bersih                                                                                                                Net remeasurement
             nilai tercatat                               1.701                      -                    -                1.701                    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                              487.920                      -                    -           487.920              Balance at ending of year


                                                                     31 Desember/December 31, 2022

                                                Tahap/Stage 1        Tahap/Stage 2        Tahap/Stage 3            Total

         Saldo awal tahun                               484.656                      -                    -           484.656          Balance at beginning of year
         Pengukuran kembali bersih                                                                                                                Net remeasurement
              nilai tercatat                              1.563                      -                    -                1.563                    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                              486.219                      -                    -           486.219              Balance at ending of year




        *)
             Obligasi pemerintah tidak diperingkat/Government bonds are unrated


                                                                                  101
Page 247
                                                                                                     The original supplementary information included herein
                                                                                                                           are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                      As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                                      10. INVESTMENTS (continued)

    e.   Surat berharga diukur pada biaya perolehan                                e.   At amortized cost securities (continued)
         diamortisasi (lanjutan)
         (i)   Efek utang (lanjutan)                                                       (i)       Debt securities (continued)

         Perubahan penyisihan kerugian penurunan                                        Movement in the allowance for impairment
         nilai adalah sebagai berikut:                                                  losses are as follows:

                                                       31 Desember/December 31, 2023


                                       Stage 1               Stage 2             Stage 3                     Total

          1 Januari 2023                         85                       -                      -                    85                 January 1, 2023
          Pengukuran kembali neto                                                                                                    Net remeasurement
             penyisihan kerugian                 1                        -                      -                      1            of loss allowance

          31 Desember 2023                       86                       -                      -                     86            December 31, 2023



                                                       31 Desember/December 31, 2022


                                       Stage 1               Stage 2             Stage 3                     Total

          1 Januari 2022                         88                       -                      -                    88                 January 1, 2022
          Pengukuran kembali neto                                                                                                    Net remeasurement
             penyisihan kerugian                 (3)                      -                      -                    (3)            of loss allowance

          31 Desember 2022                       85                       -                      -                    85             December 31, 2022



         Perusahaan berpendapat bahwa penyisihan                                        The Company believes that the allowance for
         kerugian penurunan nilai yang dibentuk pada                                    impairment losses as of December 31, 2023
         tanggal 31 Desember 2023 dan 2022 cukup                                        and 2022 is adequate to cover possible losses
         untuk menutup kemungkinan kerugian dari                                        arising from uncollectible of such investment.
         investasi tersebut.




                                                                    102
Page 248
                                                                                       The original supplementary information included herein
                                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                    PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                             (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                       SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                              As of December 31, 2023
 Untuk 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. INVESTASI (lanjutan)                                              10. INVESTMENTS (continued)

    f.    Penyertaan langsung                                              f.     Direct placements

          Penyertaan langsung diklasifkasikan sebagai                             Direct placement are classified as FVOCI.
          nilai wajar pada penghasilan komprehensif lain.

                                                               2023

                                             % kepemilikan/          Nilai tercatat/
                                             % of ownership         Carrying amount

         PT Damai Indah Padang Golf Tbk               0,048%                       140            PT Damai Indah Padang Golf Tbk
         PT Sedana Golf                                0,00%                       101                            PT Sedana Golf
         PT Menara Proteksi Indonesia                  0,00%                        20               PT Menara Proteksi Indonesia

         Total                                                                     261                                            Total


                                                               2022

                                             % kepemilikan/          Nilai tercatat/
                                             % of ownership         Carrying amount

         PT Damai Indah Padang Golf Tbk               0,048%                       140            PT Damai Indah Padang Golf Tbk
         PT Sedana Golf                                0,00%                       101                            PT Sedana Golf
         PT Menara Proteksi Indonesia                  0,00%                        20               PT Menara Proteksi Indonesia

         Total                                                                     261                                            Total



          Perusahaan       memiliki   penyertaan     pada                         The Company has placement in PT Sekawan
          PT Sekawan Intipratama Tbk (SIAP) yang telah                            Intipratama Tbk (SIAP) that has been delisted
          di delisted di pasar modal dan nilai wajarnya di                        in the capital market and the fair value is zero
          nilai nol pada tanggal 31 Desember 2023 dan                             as of December 31, 2023 and 2022.
          2022.

11. PINJAMAN POLIS                                                    11. POLICY LOANS

   Akun ini merupakan pinjaman kepada pemegang                            This account represents loans to policyholders, as
   polis dengan rincian sebagai berikut:                                  follows:
                                                 31 Desember/December 31,
                                                  2023                  2022
     Pihak ketiga                                                                                                           Third parties
       Rupiah                                            1.459                   1.651                                        Rupiah
       Dolar A.S.                                          993                     611                                     U.S. Dollar

     Total pinjaman polis                                2.452                   2.262                               Total policy loans


   Tingkat suku bunga per tahun yang dikenakan atas                       Range of interest rates per annum on policy loans:
   pinjaman polis adalah:

                                                 31 Desember/December 31,
                                                  2023                  2022
         Rupiah                                       10,00%                    14,00%                                            Rupiah
         Dolar A.S.                                    5,00%                     6,00%                                         U.S. Dollar


                                                              103
Page 249
                                                                                                       The original supplementary information included herein
                                                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                    PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                             (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                       SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                              As of December 31, 2023
 Untuk 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)

12. ASET TETAP – NETO                                                             12. FIXED ASSETS - NET
                                                                 31 Desember/December 31, 2023


                                Saldo awal/                                                                 Saldo akhir/
                                Beginning         Penambahan/       Pengurangan/          Reklasifikasi/      Ending
                                 balance            Additions        Deductions          Reclassification     balance

   Biaya perolehan/
      nilai revaluasi                                                                                                                 Cost/revaluation amount
   Tanah                              44.314                    -                    -                  -           44.314                                  Land
   Bangunan                          108.822                    -                    -                  -          108.822                              Buildings
   Prasarana dan                                                                                                                        Building renovations and
      perbaikan bangunan              57.218               287                     -                  30            57.535                       improvements
   Kendaraan bermotor                 29.630                 -              (3.787)                    -            25.843                         Motor vehicles
   Peralatan komputer                 25.816             1.850                    -                    -            27.666                  Computer equipment
   Peralatan dan                                                                                                                                  Office furniture
      perlengkapan kantor             29.644                    -                  -                    -           29.644                      and equipment
   Peralatan komunikasi                  635                    -                  -                    -              635            Communication Equipment
   Aset dalam proses
      pembangunan                         30                    -                  -                 (30)                   -           Construction in progress

   Total biaya
      Perolehan/revaluasi            296.109             2.137              (3.787)                     -          294.459               Total cost/revaluation

   Akumulasi penyusutan                                                                                                             Accumulated depreciation
   Bangunan                            (5.799)          (5.799)                    -                    -          (11.598)                            Buildings
   Prasarana dan                                                                                                                       Building renovations and
      perbaikan bangunan             (43.319)          (11.253)                  -                      -          (54.572)                     improvements
   Kendaraan bermotor                (23.445)           (1.838)              3.787                      -          (21.496)                       Motor vehicles
   Peralatan komputer                (19.977)           (2.971)                  -                      -          (22.948)                Computer equipment
   Peralatan dan                                                                                                                                 Office furniture
      perlengkapan kantor             (27.159)            (608)                    -                    -          (27.767)                    and equipment
   Peralatan komunikasi                  (594)             (27)                    -                    -             (621)          Communication Equipment

   Total akumulasi penyusutan       (120.293)          (22.496)              3.787                      -         (139.002)     Total accumulated depreciation

                                                                                                                   155.457
   Nilai tercatat                    175.816                                                                                                     Carrying value


                                                                 31 Desember/December 31, 2022


                                Saldo awal/                                                                 Saldo akhir/
                                Beginning         Penambahan/       Pengurangan/          Reklasifikasi/      Ending
                                 balance            Additions        Deductions          Reclassification     balance

   Biaya perolehan/
      nilai revaluasi                                                                                                                 Cost/revaluation amount
   Tanah                              44.314                    -                  -                    -           44.314                                  Land
   Bangunan                          108.822                    -                  -                    -          108.822                              Buildings
   Prasarana dan                                                                                                                        Building renovations and
      perbaikan bangunan              54.492             2.562                    -                  164            57.218                       improvements
   Kendaraan bermotor                 37.903                 -              (8.273)                    -            29.630                         Motor vehicles
   Peralatan komputer                 23.479             2.337                    -                    -            25.816                  Computer equipment
   Peralatan dan                                                                                                                                  Office furniture
      perlengkapan kantor             29.010              634                      -                    -           29.644                      and equipment
   Peralatan komunikasi                  635                -                      -                    -              635            Communication Equipment
   Aset dalam proses
      pembangunan                        164                30                     -                (164)                  30           Construction in progress

   Total biaya
      Perolehan/revaluasi            298.819             5.563              (8.273)                     -          296.109               Total cost/revaluation

   Akumulasi penyusutan                                                                                                             Accumulated depreciation
   Bangunan                                   -         (5.799)                    -                    -           (5.799)                            Buildings
   Prasarana dan                                                                                                                       Building renovations and
      perbaikan bangunan             (34.461)           (8.858)                  -                      -          (43.319)                     improvements
   Kendaraan bermotor                (29.861)           (1.857)              8.273                      -          (23.445)                       Motor vehicles
   Peralatan komputer                 (16.863)          (3.114)                  -                      -          (19.977)                Computer equipment
   Peralatan dan                                                                                                                                 Office furniture
      perlengkapan kantor            (26.593)             (566)                    -                    -          (27.159)                    and equipment
   Peralatan komunikasi                 (566)              (28)                    -                    -             (594)          Communication Equipment

   Total akumulasi penyusutan       (108.344)          (20.222)              8.273                      -         (120.293)     Total accumulated depreciation

   Nilai tercatat                    190.475                                                                       175.816                       Carrying value


   Seluruh beban penyusutan dicatat sebagai beban                                          All depreciation expense is recorded as general and
   umum dan administrasi (Catatan 35).                                                     administrative expenses (Note 35).



                                                                       104
Page 250
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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)

12. ASET TETAP - NETO (lanjutan)                                12. FIXED ASSETS - NET (continued)

   Pada tanggal 31 Desember 2023 dan 2022, jumlah                  As of December 31, 2023 and 2022, 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 Rp106,628 and Rp82,896,
   sebesar Rp106.628 dan Rp82.896 (tidak diaudit).                 respectively (unaudited).

   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022 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 15 hingga 25 tahun, dan                   Bangunan - HGB) for a period of 15 to 25 years,
   akan berakhir antara tahun 2024 sampai 2038.                    expiring between 2024 to 2038. 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 2021 dilakukan oleh KJPP                    December 31, 2021 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 18                    dated February 18, 2022, with fair value totaling
   Februari 2022 dengan total nilai wajar sebesar                  Rp153,136 in accordance with Capital Market and
   Rp153.136 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 2023 dan 2022,                         As of December 31, 2023 and 2022, The
   Manajemen Perusahaan berkeyakinan tanah dan                     Company’s management believes that land and
   bangunan tidak mengalami perubahan nilai wajar                  building are not experience significant changes in
   secara signifikan dan akan direvaluasi paling kurang            fair value and will be revalued at least every 3 years.
   setiap 3 tahun sekali.




                                                          105
Page 251
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

12. ASET TETAP - NETO (lanjutan)                               12. 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,
                                              2023              2022
    Tanah                                            4.351              4.351                                           Land
    Bangunan                                                                                                        Building
      Biaya perolehan                             63.452                63.452                                      Cost
      Akumulasi penyusutan                       (53.821)              (55.351)                  Accumulated depreciation
    Nilai tercatat bangunan                          9.631              8.101                        Carrying value of building
    Total nilai tercatat                          13.982               12.452                             Total carrying value



   Surplus revaluasi tanah dan bangunan yang                       The revaluation surplus of land and building which
   ditransfer ke saldo laba selama 31 Desember 2023                was transferred to retained earnings during
   dan 2022 masing-masing sebesar Rp5.131 dan                      December 31, 2023 and 2022 amounted to
   Rp5.131.                                                        Rp5,131 and Rp5,131, respectively.

   Pada tanggal 31 Desember 2023 dan 31 Desember                   As of December 31, 2023 and December 31, 2022,
   2022, nilai surplus revaluasi dan pajak penghasilan             the revaluation surplus and applicable deferred
   tangguhan terkait adalah sebagai berikut:                       income taxes is as follows:

                                             31 Desember/December 31,
                                              2023              2022
    Surplus revaluasi                                                                                     Revaluation surplus
      Tanah                                       39.963               39.963                                        Land
      Bangunan                                    86.275               91.406                                     Building
    Pajak penghasilan                                                                                        Related deferred
      tangguhan terkait (Catatan 24)              (18.981)             (20.110)                     income taxes (Note 24)
    Neto                                         107.257            111.259                                                   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 Rp4.002 dan Rp16.463                      Rp4,002 and Rp16,463 for the year ended
   masing-masing untuk tahun yang berakhir pada                    December 31, 2023 and 2022, respectively.
   tanggal 31 Desember 2023 dan 2022.

   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.




                                                         106
Page 252
                                                                                           The original supplementary information included herein
                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023
 Untuk 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)

12. ASET TETAP - NETO (lanjutan)                                         12. 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,
                                                       2023                 2022
     Nilai jual                                               1.669                 3.078                                       Selling price
     Nilai tercatat                                               -                     -                                     Carrying value
     Keuntungan penjualan                                                                                            Gain on sale of fixed
       aset tetap - neto (Catatan 31)                         1.669                 3.078                          assets - net (Note 31)


   Aset tetap, kecuali tanah, diasuransikan kepada                             Fixed assets, except land, were insured to
   PT Asuransi MSIG Indonesia pada tahun 2023 dan                              PT Asuransi MSIG Indonesia in 2023 and PT
   PT Asuransi Sinar Mas pada tahun 2022, pihak                                Asuransi Sinar Mas in 2022, a related party, by
   berelasi, terhadap risiko kebakaran dan risiko                              insurance against losses by fire and other risks with
   lainnya dengan nilai pertanggungan masing-masing                            sum insured of Rp118,307 in 2023 and Rp245,883
   sebesar Rp118.307 di tahun 2023 dan                                         and USD2,869,552 (full amount) in 2022.
   Rp245.883 dan USD2.869.552 (nilai penuh) di tahun                           Management believes that the insurance coverage
   2022. Manajemen Perusahaan berpendapat bahwa                                is adequate to cover possible losses of the assets
   nilai pertanggungan tersebut cukup untuk menutup                            insured.
   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.

13. ASET HAK-GUNA - NETO                                                 13. RIGHT-OF-USE ASSETS - NET
   Rincian aset hak-guna terdiri dari:                                        The details of right-of-use assets are as follows:
                                    31 Desember/       Penambahan/       Pengurangan/       31 Desember/
                                   December 31, 2022     Additions        Deductions       December 31, 2023

  Biaya perolehan                                                                                                                        At cost
     Bangunan                               53.988              16.733             (582)            70.139                            Building

  Total                                     53.988              16.733             (582)            70.139                                 Total

                                                                                                                                   Accumulated
  Akumulasi penyusutan                                                                                                             depreciation
    Bangunan                                41.888              12.061             (170)            53.779                           Building

  Total                                     41.888              12.061             (170)            53.779                                 Total

  Nilai Tercatat                            12.100                                                  16.360                       Carrying Value




                                                                107
Page 253
                                                                                          The original supplementary information included herein
                                                                                                                are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023
 Untuk 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. ASET HAK-GUNA - NETO (lanjutan)                                      13. 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/       Penambahan/        Pengurangan/       31 Desember/
                                 December 31, 2021     Additions         Deductions       December 31, 2022

  Biaya perolehan                                                                                                                       At cost
     Bangunan                             55.233                   -            (1.245)            53.988                            Building

  Total                                   55.233                   -            (1.245)            53.988                                 Total


                                                                                                                                  Accumulated
  Akumulasi penyusutan                                                                                                            depreciation
    Bangunan                              29.826            12.574                (512)            41.888                           Building

  Total                                   29.826            12.574                (512)            41.888                                 Total

  Nilai Tercatat                          25.407                                                   12.100                       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 2023
                                       /For the Year Period Ended December 31, 2023

                                                                                  Beban terkait sewa
                                                                                 atas aset bernilai
                                Beban penyusutan/        Beban bunga/            rendah/Expenses
                                  Depreciation             Interest              relating to leases
                                    expenses              expenses              of low value assets

  Bangunan                                  12.061                     (186)                       17                                Building

  Total                                    12.061                      (186)                       17                                   Total




                                    Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2022
                                       /For the Year Period Ended December 31, 2022

                                                                                  Beban terkait sewa
                                                                                 atas aset bernilai
                                Beban penyusutan/        Beban bunga/            rendah/Expenses
                                  Depreciation             Interest              relating to leases
                                    expenses              expenses              of low value assets

  Bangunan                                  12.574                      329                          -                               Building

  Total                                    12.574                       329                          -                                  Total



   Rata-rata masa sewa adalah 1 (satu) sampai 10                           The average lease term is 1 (one) to 10 (ten) years.
   (sepuluh) tahun.

   Perusahaan juga memiliki sewa tertentu dengan                           The Company also has certain leases with leases of 12
   masa sewa 12 bulan atau kurang dan sewa aset                            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.




                                                             108
Page 254
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
 Untuk 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. ASET LAIN-LAIN                                               14. OTHER ASSETS
    Rincian aset lain-lain adalah sebagai berikut:                  The details of other assets are as follows:
                                                31 Desember/December 31,
                                                 2023              2022
     Beban tangguhan - neto (Catatan 43g)             280.000         306.667               Deferred charges - net (Note 43g)
     Biaya akuisisi tangguhan                          61.489         101.258                       Deferred acquisition cost
     Uang muka                                         13.207           6.698                                        Advance
     Aset takberwujud - neto                            7.292           7.423                          Intangible assets - net
     Jaminan                                            3.818           3.614                               Security deposits
     Lain-lain                                            152           3.113                                         Others
     Total                                            365.958         428.773                                               Total

   Pada tanggal 31 Desember 2023, dari biaya akuisisi               On December 31, 2023, from the deferred
   tangguhan diatas, sebesar Rp22.574 masih dalam                   acquisition cost above, Rp22,574 is still in the
   proses persetujuan oleh OJK atas surat pengajuan                 process of being approved by OJK on the
   yang     dilakukan    oleh    Perusahaan      No                 submission letter made by Company No
   007/AKT/XII/2023 tanggal 21 Desember 2023.                       007/AKT/XII/2023 dated December 21, 2023.
    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 2023 dan 2022.                              December 31, 2023 and 2022.
15. LIABILITAS KEPADA PEMEGANG POLIS                             15. LIABILITIES TO POLICYHOLDERS
   Liabilitas manfaat polis masa depan, premi belum                  Liability for future policy benefits, unearned
   merupakan pendapatan dan estimasi liabilitas klaim                premiums and estimated claims liability as of
   pada tanggal 31 Desember 2023 dan 2022 masing-                    December 31, 2023 and 2022 were recorded
   masing dicatat berdasarkan perhitungan aktuarial                  based on the actuarial calculation prepared by the
   yang dilakukan oleh aktuaris terdaftar Perusahaan,                Company’s      registered    actuary,   Wakhidah
   Wakhidah Muslikhah, FSAI dan Ferventika Sundah,                   Muslikhah, FSAI and Ferventika Sundah, FSAI,
   FSAI.                                                             respectively.
    a.   Liabilitas manfaat polis masa depan                         a.   Liabilities for future policy benefits
         Liabilitas manfaat   polis masa depan                            Liabilities for future policy benefits by type of
         berdasarkan jenis asuransi adalah sebagai                        insurance is as follows:
         berikut:
                                                31 Desember/December 31,
                                                 2023              2022
         Perorangan                                                                                                Individual
           Kombinasi dwiguna                         1.133.198       1.240.218                        Combined endowment
           Kombinasi seumur hidup                      204.889         193.428                          Combined whole life
           Seumur hidup                                 77.127          72.046                                  Whole life
           Non-tradisional                              13.473          39.175                              Non-traditional
           Dwiguna                                      15.312          13.413                                 Endowment
           Kematian jangka warsa                           513              15                              Death term life
         Sub - total                                 1.444.512       1.558.295                                       Sub - total
         Kumpulan                                                                                                         Group
          Kematian jangka warsa                       856.207         798.437                                  Death term life
          Dwiguna                                          10              10                                    Endowment
          Non-tradisional                                   -               6                                  Non-traditional
         Sub - total                                  856.217         798.453                                        Sub - total
         Total                                       2.300.729       2.356.748                                              Total



                                                           109
Page 255
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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)

15. LIABILITAS        KEPADA         PEMEGANG        POLIS         15. LIABILITIES TO POLICYHOLDERS (continued)
    (lanjutan)
   a.   Liabilitas    manfaat        polis   masa    depan              a. Liabilities for          future      policy       benefits
        (lanjutan)                                                         (continued)

        Perubahan pada liabilitas manfaat polis masa                         The changes in liability for future policy benefits
        depan adalah sebagai berikut:                                        are as follows:
                                                    31 Desember/December 31,
                                                    2023             2022
         Saldo awal tahun                             2.356.748        2.767.526                      Balance at beginning of year
         Perubahan pada liabilitas                                                                              Changes in liability
          manfaat polis masa                                                                                     for future policy
          depan - konvensional                          (69.350)        (392.860)                         benefits - conventional
         Perubahan pada liabilitas                                                                              Changes in liability
          manfaat polis masa                                                                                     for future policy
          depan - syariah                               13.331              (17.918)                             benefits - sharia
         Saldo akhir tahun                            2.300.729        2.356.748                           Balance at end of year


        Rincian liabilitas manfaat polis masa depan per                      The details of liability for future policy benefits
        mata uang adalah sebagai berikut:                                    by currency are as follows:
                                                    31 Desember/December 31,
                                                    2023             2022
         Rupiah                                       2.078.530        2.108.080                                            Rupiah
         Dolar A.S.                                     222.199          248.668                                         U.S. Dollar
         Total                                        2.300.729        2.356.748                                                Total


        Rekonsiliasi atas kontrak asuransi jangka                            Reconciliation of long term insurance contract
        panjang pada tanggal 31 Desember 2023 dan                            as of December 31, 2023 and 2022 are as
        2022 adalah sebagai berikut:                                         follows:
                                                    31 Desember/December 31,
                                                    2023             2022
         Saldo awal tahun                             2.356.748        2.767.526                                Beginning balance
         Tambahan cadangan                                                                                       Additional reserve
          premi tahun berjalan                         241.028           255.335                        of current year premium
         Perubahan neto atas asumsi,                                                                 Net changes in assumptions,
          realisasi klaim dan                                                                           realization of claims and
          manfaat di tahun berjalan                   (297.047)         (666.113)                        benefits in current year
         Saldo akhir tahun                            2.300.729        2.356.748                                   Ending Balance




                                                             110
Page 256
                                                                                           The original supplementary information included herein
                                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023
 Untuk 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)

15. LIABILITAS         KEPADA             PEMEGANG         POLIS            15. LIABILITIES TO POLICYHOLDERS (continued)
    (lanjutan)
   a.   Liabilitas        manfaat         polis   masa     depan                a. Liabilities for               future      policy     benefits
        (lanjutan)                                                                 (continued)
        Asumsi yang digunakan dalam perhitungan                                      The assumptions used in the computation of the
        liabilitas manfaat polis masa depan pada                                     liability for future policy benefits as of
        tanggal 31 Desember 2023 dan 2022 adalah                                     December 31, 2023 and 2022, are as follows:
        sebagai berikut:
                                                                                        Tingkat suku bunga/
                                                                                       Valuation interest rate
                Jenis Asuransi/                       Tabel mortalita/                                                             Metode/
                Type of Insurance                     Mortality table                IDR                         USD               Method
            31 Desember/December 31, 2023
            Polis individu/Individual policies:
               Kematian jangka warsa/
                   Death term life                 Reasuransi/Reinsurance      6.37% - 6.89%               4.76% - 4.86%            GPV
               Dwiguna/Endowment                   Reasuransi/Reinsurance      6.37% - 6.89%               4.76% - 4.86%            GPV
               Dwiguna kombinasi/
                   Combined endowment              Reasuransi/Reinsurance      6.37% - 6.89%               4.76% - 4.86%            GPV
               Seumur hidup/Whole life             Reasuransi/Reinsurance      6.37% - 6.89%               4.76% - 4.86%            GPV
               Kombinasi seumur hidup/
                   Combined whole life             Reasuransi/Reinsurance      6.37% - 6.89%               4.76% - 4.86%            GPV
            Polis kumpulan/Group policies:
               Kematian jangka warsa/              Reasuransi+CSO 58/
                   Death term life                  Reinsurance+CSO 58         6.37% - 6.89%               4.76% - 4.86%            GPV

         31 Desember/December 31, 2022
            Polis individu/Individual policies:
               Kematian jangka warsa/
                   Death term life                 Reasuransi/Reinsurance      5,52% - 7,27%               4,51% - 5,35%            GPV
               Dwiguna/Endowment                   Reasuransi/Reinsurance      5,52% - 7,27%               4,51% - 5,35%            GPV
               Dwiguna kombinasi/
                   Combined endowment              Reasuransi/Reinsurance      5,52% - 7,27%               4,51% - 5,35%            GPV
               Seumur hidup/Whole life             Reasuransi/Reinsurance      5,52% - 7,27%               4,51% - 5,35%            GPV
               Kombinasi seumur hidup/
                   Combined whole life             Reasuransi/Reinsurance      5,52% - 7,27%               4,51% - 5,35%            GPV
            Polis kumpulan/Group policies:
               Kematian jangka warsa/              Reasuransi+CSO 58/
                   Death term life                   Reinsurance+CSO 58         5,52% - 7,27%              4,51% - 5,35%              GPV

        Asumsi lain yang digunakan dalam perhitungan                                 Other assumptions used in the calculation of
        liabilitas manfaat polis masa depan adalah                                   liabilities for future policy benefits include
        tingkat mortalitas, tingkat lapse, inflasi dan                               mortality rate, lapse rate, inflation and expense
        asumsi biaya.                                                                assumption.
   b.   Premi belum merupakan pendapatan                                       b.    Unearned premiums
        Premi    belum    merupakan    pendapatan                                    Unearned premiums by type of insurance are
        berdasarkan jenis asuransi adalah sebagai                                    as follows:
        berikut:
                                                         31 Desember/December 31,
                                                         2023                2022
        Perorangan                                                                                                                    Individual
          Kesehatan                                           131.845               31.611                                            Health
          Kecelakaan diri                                       2.800                1.464                                 Personal accident
          Non-tradisional                                         274                  296                                    Non-traditional
          Kematian jangka warsa                                    38                   45                                    Death term life
        Sub - total                                           134.957               33.416                                            Sub - total
        Kumpulan                                                                                                                         Group
          Kesehatan                                            42.217               54.633                                             Health
          Kematian jangka warsa                                 1.812                2.512                                     Death term life
          Kecelakaan diri                                       1.116                1.757                                  Personal accident
        Sub - total                                            45.145               58.902                                            Sub - total
        Total                                                 180.102               92.318                                                   Total



                                                                     111
Page 257
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

15. LIABILITAS       KEPADA          PEMEGANG    POLIS         15. LIABILITIES TO POLICYHOLDERS (continued)
    (lanjutan)

   b.   Premi belum          merupakan     pendapatan              b.    Unearned premiums (continued)
        (lanjutan)

        Perubahan pada premi belum merupakan                             The changes in unearned premiums are as
        pendapatan adalah sebagai berikut:                               follows:

                                                31 Desember/December 31,
                                                2023             2022
        Saldo awal tahun                            92.318              86.720                   Balance at beginning of year
        Perubahan pada premi yang
          belum merupakan
          pendapatan                                                                         Changes in unearned premiums
          - konvensional                            85.686               5.186                             - conventional
        Perubahan pada premi yang
          belum merupakan
          pendapatan                                                                         Changes in unearned premiums
          - syariah                                    2.098               412                                   - sharia
        Saldo akhir tahun                          180.102              92.318                        Balance at end of year


        Rincian premi belum merupakan pendapatan                         The details of unearned premiums by currency
        berdasarkan mata uang adalah sebagai berikut:                    are as follows:
                                                31 Desember/December 31,
                                                2023             2022
        Rupiah                                     180.061              92.276                                         Rupiah
        Dolar A.S.                                      41                  42                                      U.S. Dollar
        Total                                      180.102              92.318                                             Total


        Rekonsiliasi atas premi belum merupakan                          Reconciliation of unearned premium as of
        pendapatan pada tanggal 31 Desember 2023                         December 31, 2023 and 2022 are as follows:
        dan 2022 adalah sebagai berikut:

                                                31 Desember/December 31,
                                                2023             2022
        Saldo awal tahun                            92.318              86.720                              Beginning balance

                                                                                                           Gross premiums in
        Premi bruto tahun berjalan                 316.250           180.560                                     current year

        Premi yang menjadi                                                                            Premium earned during
          pendapatan tahun berjalan               (228.466)         (174.962)                                    the year
        Saldo akhir tahun                          180.102              92.318                                Ending Balance




                                                         112
Page 258
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

15. LIABILITAS        KEPADA       PEMEGANG     POLIS           15. LIABILITIES TO POLICYHOLDERS (continued)
    (lanjutan)

   c.   Estimasi liabilitas klaim                                  c.     Estimated claims liability

        Estimasi liabilitas klaim meliputi klaim yang                     Estimated claims liability includes claims that
        masih dalam proses dan klaim yang terjadi                         are still in process and claims incurred but not
        namun belum dilaporkan.                                           yet reported.

        Estimasi liabilitas klaim berdasarkan jenis                       The details of estimated claims liability by type
        asuransi adalah sebagai berikut:                                  of insurance are as follows:

                                              31 Desember/December 31,
                                               2023              2022
        Perorangan                                                                                                   Individual
          Kematian jangka warsa                    88.908               53.535                               Death term life
          Kesehatan                                56.002               16.158                                       Health
          Kecelakaan diri                             114                  410                            Personal accident
        Sub - total                               145.024               70.103                                       Sub - total


        Kumpulan                                                                                                        Group
          Kematian jangka warsa                    93.617               62.429                                Death term life
          Kesehatan                                25.654               21.043                                        Health
          Kecelakaan diri                             642                  954                             Personal accident
        Sub - total                               119.913               84.426                                       Sub - total
        Total                                     264.937            154.529                                                Total



        Perubahan pada estimasi liabilitas klaim adalah                   The changes in estimated claims liability are as
        sebagai berikut:                                                  follows:
                                              31 Desember/December 31,
                                               2023              2022
        Saldo awal tahun                          154.529            181.786                   Balance at beginning of year
        Perubahan estimasi liabilitas                                                    Changes in estimated claims liability
          klaim - konvensional                    112.489               (15.049)                            - conventional
        Perubahan estimasi liabilitas                                                    Changes in estimated claims liability
          klaim - syariah                          (2.081)              (12.208)                                  - sharia
        Saldo akhir tahun                         264.937            154.529                           Balance at end of year


        Rincian estimasi liabilitas klaim berdasarkan                     The details of estimated claims liability by
        mata uang adalah sebagai berikut:                                 currency are as follows:

                                              31 Desember/December 31,
                                               2023              2022
        Rupiah                                    261.052            150.957                                           Rupiah
        Dolar A.S.                                  3.885              3.570                                        U.S. Dollar
        Dolar Singapura                                 -                  2                                   Singapore Dollar
        Total                                     264.937            154.529                                                Total




                                                          113
Page 259
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

15. LIABILITAS      KEPADA      PEMEGANG         POLIS          15. LIABILITIES TO POLICYHOLDERS (continued)
    (lanjutan)
   c.    Estimasi liabilitas klaim (lanjutan)                      c.    Estimated claims liability (continued)
         Pada tahun 2023 dan 2022, untuk menghitung                      In 2023 and 2022 to calculate the estimated
         estimasi    liabilitas  klaim,    Perusahaan                    claims liability, The Company uses average
         menggunakan metode rasio klaim rata-rata                        claim ratio for the past 3 (three) years, with claim
         selama 3 (tiga) tahun terakhir dengan rasio                     ratio derived from claim and premium figures in
         klaim berasal dari angka klaim dan premi pada                   the financial statements.
         laporan keuangan.
         Pada Desember 2023 dan Desember 2022,                           As of December 31, 2023 and December 31,
         jumlah estimasi klaim yang sudah terjadi                        2022, estimated incurred but not reported claim
         namun belum dilaporkan masing-masing                            amounted to Rp108,529 and Rp79,167.
         sebesar Rp108.529 dan Rp79.167.

16. UTANG KLAIM                                                 16. CLAIMS PAYABLE

   Utang klaim merupakan kewajiban kepada                          Claims payable represents liabilities to policyholders
   pemegang polis (peserta) sehubungan dengan                      (participants) related to benefit claims, death claims,
   klaim manfaat, klaim meninggal, klaim tahapan dan               periodical claims and maturity claims that were
   klaim jatuh tempo yang sudah disetujui tetapi masih             already approved but still in the payment process,
   dalam proses pembayaran, termasuk kebijakan                     including policy surrender and redemption of cash
   pelepasan dan penebusan nilai tunai.                            value.

   Rincian utang klaim adalah sebagai berikut:                     The details of claims payable are as follows:
                                                31 Desember/December 31,
                                                 2023            2022
    Pihak ketiga                                                                                                 Third parties
    Rupiah                                                                                                              Rupiah
      Perorangan                                                                                                   Individual
        Non-tradisional                             34.468              51.966                             Non-traditional
        Dwiguna                                      2.201               4.687                               Endowment
        Kesehatan                                    1.922                 634                                     Health
        Seumur hidup                                   468                  58                                 Whole life
        Jangka warsa                                     -                  30                             Death term life
                                                    39.059              57.375
        Kumpulan                                                                                                      Group
          Kesehatan                                     8.420           13.823                                     Health
          Jangka warsa                                  3.588            1.410                             Death term life
                                                    12.008              15.233
    Sub - total                                     51.067              72.608                                       Sub - total
    Dolar A.S.                                                                                                     U.S. Dollar
      Perorangan                                                                                                   Individual
        Non-tradisional                                 1.841                -                              Non-traditional
        Dwiguna                                           168            2.462                                Endowment
        Seumur hidup                                       64             234                                   Whole life
    Sub - total                                         2.073            2.696                                       Sub - total
    Total utang klaim                               53.140              75.304                           Total claims payable




                                                          114
Page 260
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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)

16. UTANG KLAIM (lanjutan)                                       16. CLAIMS PAYABLE (continued)

   Rincian utang klaim berdasarkan umur utang adalah                The details of claim payables based on aging are as
   sebagai berikut:                                                 below:

                                               31 Desember/December 31,
                                                2023              2022
    Telah jatuh tempo namun tidak
      mengalami penurunan nilai:                                                                    Past due but not impaired:
      Kurang dari 30 hari                           43.684               65.882                         Less than 30 days
      30 - 60 hari                                   2.296                1.064                               30 - 60 days
      61 - 90 hari                                     636                2.294                               61 - 90 days
      Lebih dari 90 hari                             6.524                6.064                        More than 90 days
    Total utang klaim                               53.140               75.304                          Total claims payable


17. SIMPANAN PEMEGANG POLIS                                      17. 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,
                                                2023              2022
    Pihak ketiga                                                                                                  Third parties
    Rupiah                                                                                                             Rupiah
      Seumur hidup                                  80.494                6.497                                  Whole life
      Dwiguna                                       61.766               47.952                                Endowment
      Kesehatan                                     24.771               14.522                                      Health
      Jangka warsa                                  13.561                9.974                            Death term life
      Non-tradisional                                5.922                9.274                            Non-traditional
      Kecelakaan diri                                1.775                  355                         Personal accident
      Titipan belum teridentifikasi                 15.434               14.040                       Unidentified deposits
    Sub - total                                    203.723            102.614                                        Sub - total
    Dolar A.S.                                                                                                      U.S. Dollar
      Non-tradisional                                  1.147               441                               Non-traditional
      Seumur hidup                                       592                59                                     Whole life
      Titipan belum teridentifikasi                      288               524                          Unidentified deposits
    Sub - total                                        2.027              1.024                                      Sub - total
    Total simpanan pemegang polis                  205.749            103.638                  Total policyholder’s deposits




                                                           115
Page 261
                                                                        The original supplementary information included herein
                                                                                              are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                   As of December 31, 2023
 Untuk 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. LIABILITAS UNIT LINK                                     18. LIABILITY FOR UNIT LINK
    Akun ini merupakan liabilitas unit link yang                 This account represents liability for unit link
    diklasifikasikan berdasarkan jenis dana, sebagai             classified according to funds as follows:
    berikut:
                                            31 Desember/December 31,
                                            2023              2022
    Pihak ketiga                                                                                         Third parties
    Rupiah                                                                                                      Rupiah
      Excellink Cash Fund                      783.835            246.604                       Excellink Cash Fund
      Excellink Equity Bakti Peduli            657.433          1.041.894              Excellink Equity Bakti Peduli
      Excellink Aggressive Fund                636.447            681.360                Excellink Aggressive Fund
      Excellink Equity Fund                    579.155            480.321                      Excellink Equity Fund
      Excellink Fixed Income Fund              286.165             64.576              Excellink Fixed Income Fund
      Excellink Dynamic Fund                   147.172            181.360                    Excellink Dynamic Fund
      Simas Dynamic Fund                       115.704             39.704                      Simas Dynamic Fund
      Excellink Stabile Fund                    59.194             23.624                     Excellink Stabile Fund
      Excellink Corporate Bond Fund             54.475                  -            Excellink Corporate Bond Fund
      Excellink Balance Fund                    46.918             37.836                    Excellink Balance Fund
      Stable Fund Rupiah                        14.618             16.414                        Stable Fund Rupiah
      Ekalink Aggressive Fund                    1.030              1.314                   Ekalink Aggressive Fund
      Artha Link Aggressive Fund                   937                987               Artha Link Aggressive Fund
      Ekalink Super Aggressive Fund                389                396           Ekalink Super Aggressive Fund
      Ekalink Dynamic Fund                         139                183                     Ekalink Dynamic Fund
      Ekalink Super Dynamic Fund                    48                 49              Ekalink Super Dynamic Fund
      Artha Link Dynamic Fund                        3                  6                  Artha Link Dynamic Fund
      Simas Fixed Income Fund                        -            726.310                Simas Fixed Income Fund
      Simas Equity Fund                              -            180.437                         Simas Equity Fund
      Simas Aggressive Fund                          -            176.762                    Simas Aggressive Fund
      Simas Stabile Fund                             -             27.357                        Simas Stabile Fund
      Eka Sejahtera Secure Fund Rupiah               -             18.747        Eka Sejahtera Secure Fund Rupiah
      Simas Balance Fund                             -             10.147                       Simas Balance Fund
      Sub - total                             3.383.662         3.956.388                                    Sub - total


    Dolar A.S.                                                                                              U.S. Dollar
      Excellink Global Aggresive Dollar        107.860            169.638           Excellink Global Aggresive Dollar
      Excellink Secure Dollar Fund              28.607             18.769               Excellink Secure Dollar Fund
      Stable Fund Dollar                        13.831             16.238                          Stable Fund Dollar
      Excellink Dynamic Dollar Fund             11.462             30.158             Excellink Dynamic Dollar Fund
      Excellink Balance Dollar Fund              8.358              3.617              Excellink Balance Dollar Fund
      Excellink Global Equity Dollar             4.519              3.655              Excellink Global Equity Dollar
      Excellink Dynamic Dollar Fund II           2.060                  -           Excellink Dynamic Dollar Fund II
      Simas Stabile Dollar Fund                    569                510                   Simas Stabile Dollar Fund
      Simas Balance Dollar Fund                      -              5.709                 Simas Balance Dollar Fund
      Sub - total                              177.266            248.294                                    Sub - total
    Total                                     3.560.928         4.204.682                                        Total
    Penyisihan kerugian penurunan nilai          (1.255)           (2.028)            Allowance for impairment lossses

      Neto                                    3.559.673         4.202.654                                           Net




                                                       116
Page 262
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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. LIABILITAS UNIT LINK (lanjutan)                             18. LIABILITY FOR UNIT LINK (continued)

    Rekonsiliasi atas liabilitas unit link pada tanggal                  Reconciliation of liability for unit link as of
    31 Desember 2023 dan 2022 adalah sebagai                             December 31, 2023 and 2022 are as follows:
    berikut:
                                              31 Desember/December 31,
                                               2023              2022
    Saldo awal tahun                            4.202.654          4.699.769                             Beginning balance
    Premi bruto tahun berjalan                  1.232.252          1.750.856                 Gross premiums in current year
    Klaim, biaya dan penarikan                                                            Claims, expenses and withdrawals
      tahun berjalan                           (1.873.978)         (2.245.943)                            in current year
    Saldo akhir tahun                           3.560.928          4.204.682                                 Ending balance
    Penyisihan kerugian penurunan nilai            (1.255)            (2.028)                 Allowance for impairment loses
    Saldo akhir tahun                           3.559.673          4.202.654                                  Ending balance

19. UTANG REASURANSI                                            19. DUE TO REINSURERS
   Akun ini merupakan utang premi kepada reasuradur                This account represents premiums payable to
   setelah dikurangi dengan komisi reasuransi.                     reinsurers, less commissions under outward
   Transaksi reasuransi ini, yang dimaksudkan untuk                reinsurance. Reinsurance transactions, which are
   mengurangi risiko Perusahaan, dilakukan secara                  intended to reduce the Company’s risks, are entered
   prospektif. Rinciannya adalah sebagai berikut:                  on a prospective basis. The details of this account
                                                                   are as follows:
                                              31 Desember/December 31,
                                               2023              2022
    Pihak ketiga                                                                                             Third parties
      Rupiah                                                                                                    Rupiah
         PT Reasuransi Indonesia                                                            PT Reasuransi Indonesia
           Utama (Persero)                         43.313               15.493                    Utama (Persero)
         PT Reasuransi Syariah                                                                PT Reasuransi Syariah
           Indonesia                                  6.989              1.164                          Indonesia
         PT Tugu Reasuransi                                                                      PT Tugu Reasuransi
           Indonesia                                   664                704                           Indonesia
         PT Maskapai Reasuransi                                                             PT Maskapai Reasuransi
           Indonesia Tbk                               207                122                       Indonesia Tbk
         PT Reasuransi Nusantara Makmur                  1                 38       PT Reasuransi Nusantara Makmur

      Sub - total                                  51.174               17.521                                    Sub - total
      Dolar A.S.                                                                                               U.S. Dollar
        PT Reasuransi Indonesia                                                                PT Reasuransi Indonesia
           Utama (Persero)                                53               41                       Utama (Persero)
      Sub - total                                         53               41                                     Sub - total
    Total utang reasuransi                         51.227               17.562                       Total due to reinsurers

   Rincian utang reasuransi berdasarkan umur utang                 The details of due to reinsurers based on aging are
   adalah sebagai berikut:                                         as follows:
                                              31 Desember/December 31,
                                               2023              2022
  Telah jatuh tempo:                                                                                                Past due:
    Kurang dari 90 hari                            51.227               17.562                            Less than 90 days
  Total utang reasuransi                           51.227               17.562                       Total due to reinsurers



                                                          117
Page 263
                                                                           The original supplementary information included herein
                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
 Untuk 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. UTANG KOASURANSI                                          20. DUE TO COINSURER
   Akun ini merupakan utang premi kepada entitas                 This account represents outstanding premiums
   asuransi lain atas penutupan polis bersama produk             payable to other insurance entities on coinsurance
   asuransi kesehatan dengan PT Tokio Marine Life                arrangement for health insurance product with
   Insurance Indonesia.                                          PT Tokio Marine Life Insurance Indonesia.
   Seluruh utang koasuransi adalah dalam mata uang               All due to coinsurer are in Rupiah currency.
   Rupiah.
   Rincian utang koasuransi berdasarkan umur adalah              The details of due to coinsurer based on aging are
   sebagai berikut:                                              as follows:
                                            31 Desember/December 31,
                                             2023              2022
    Telah jatuh tempo:                                                                                            Past due:
      Kurang dari 30 hari                                -                 -                           Less than 30 days
      30 - 60 hari                                       -                 1                                 30 - 60 days
      61 - 90 hari                                       -             4.139                                 61 - 90 days
      Lebih dari 90 hari                                 -            24.903                           More than 90 days
    Total utang koasuransi                               -            29.043                        Total due to coinsurer


   Pada     tahun     2023,     Perusahaan      tidak            In 2023, the Company did not renew its coinsurance
   memperpanjang kontrak koasuransi dengan                       contract with PT Tokio Marine Life Insurance
   PT Tokio Marine Life Insurance Indonesia dan telah            Indonesia and has paid all payable to
   membayar        seluruh        utang      kepada              PT Tokio Marine Life Insurance Indonesia.
   PT Tokio Marine Life Insurance Indonesia.
21. UTANG KOMISI                                              21. COMMISSIONS PAYABLE

   Akun ini merupakan utang komisi kepada agen atau              This account represents commissions payable to
   broker.                                                       agent or broker.
   Rincian utang komisi berdasarkan jenis asuransi               The details of commissions payable by type of
   adalah sebagai berikut:                                       insurance are as follows:

                                            31 Desember/December 31,
                                             2023              2022
    Perorangan                                                                                                  Individual
      Non-tradisional                            15.703               30.417                              Non-traditional
      Kombinasi dwiguna                           6.776                2.809                        Combined endowment
      Kesehatan                                   4.198                2.612                                      Health
      Seumur hidup                                3.253                2.030                                  Whole life
      Kecelakaan diri                                14                    4                           Personal accident
      Kematian jangka warsa                           5                  119                              Death term life
    Sub - total                                  29.949               37.991                                      Sub - total



    Kumpulan                                                                                                          Group
      Kematian jangka warsa                         8.052             17.730                                Death term life
      Kesehatan                                       101                728                                        Health
    Sub - total                                     8.153             18.458                                      Sub - total


    Bonus komisi tidak langsung                  38.125               17.929                      Indirect commision bonus
    Total utang komisi                           76.227               74.378                  Total commissions payable




                                                        118
Page 264
                                                                                                      The original supplementary information included herein
                                                                                                                            are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                 PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                          (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                    SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                           As of December 31, 2023
 Untuk 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. UTANG KOMISI (lanjutan)                                                      21. COMMISSIONS PAYABLE (continued)

   Rincian utang komisi berdasarkan umur utang                                          The details of commission payables based on aging
   adalah sebagai berikut:                                                              are as below:

                                                      31 Desember/December 31,
                                                       2023                           2022
     Telah jatuh tempo namun tidak
       mengalami penurunan nilai:                                                                                            Past due but not impaired:
       Kurang dari 30 hari                                       49.335                      40.153                              Less than 30 days
       30 - 60 hari                                               3.034                       1.035                                    30 - 60 days
       61 - 90 hari                                                 379                         549                                    61 - 90 days
       Lebih dari 90 hari                                        23.479                      32.641                             More than 90 days

     Total utang komisi                                          76.227                      74.378                         Total commission payable


   Seluruh utang komisi adalah dalam mata uang                                         All commissions payable are in Rupiah currency.
   Rupiah.

   Utang komisi kepada pihak berelasi sebesar                                          Commissions payable to related party amounted to
   Rp13.504 dan Rp23.099, masing-masing pada                                           Rp13,504 and Rp23,099 dated December 31, 2023
   tanggal 31 Desember 2023 dan 2022.                                                  and 2022, respectively.
22. BEBAN AKRUAL                                                                 22. ACCRUED EXPENSES
   Rincian akun ini adalah sebagai berikut:                                             Details of this account are as follows:
                                                      31 Desember/December 31,
                                                       2023                           2022
     Beban operasional                                           37.616                      31.632                           Operational expenses
     Kontes keagenan                                             31.679                      31.634                                 Contest agency
     Bonus                                                       22.677                      20.721                                          Bonus
     Jasa kustodian dan                                                                                                      Custodian services and
       pengelolaan investasi                                        347                         713              investment management expense
     Lainnya                                                      1.600                       6.900                                          Others
     Total beban akrual                                          93.919                      91.600                           Total accrued expenses


23. LIABILITAS SEWA                                                              23. LEASE LIABILITY

   Rincian liabilitas sewa terdiri dari:                                               The details of lease liabilities are as follows:
                               31 Desember/                                                                 31 Desember/
                               December 31,    Penambahan/          Beban bunga/        Pembayaran/         December 31,
                                   2022         Additions         Interest expenses      Payments               2023

  Kelas aset pendasar                                                                                                                       Underlying asset
  Bangunan                             9.050         16.573                  (186)            (10.741)             14.696                           Property

  Total                                9.050         16.573                  (186)            (10.741)             14.696                              Total



                               31 Desember/                                                                 31 Desember/
                               December 31,    Penambahan/          Beban bunga/        Pembayaran/         December 31,
                                   2021         Additions         Interest expenses      Payments               2022

  Kelas aset pendasar                                                                                                                       Underlying asset
  Bangunan                            20.474                 -                 329             (11.753)             9.050                           Property

  Total                               20.474                 -                 329             (11.753)             9.050                              Total




                                                                      119
Page 265
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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. LIABILITAS SEWA (lanjutan)                                  23. LEASE LIABILITY (continued)

   Analisis jatuh tempo liabilitas sewa adalah sebagai           The analysis of the maturities related to leases is as
   berikut:                                                      follows:

                                             31 Desember/December 31,
                                                 2023            2022
    Dalam 12 bulan mendatang                            8.461           8.083                     Within the next 12 months
    1-2 tahun                                           5.907             145                                      1-2 years
    3 tahun                                                53             137                                        3 years
    4 tahun                                                59             123                                        4 years
    5 tahun                                                65             140                                        5 years
    Lebih dari 5 tahun                                    151             422                              More than 5 years
    Total                                           14.696              9.050                                             Total



24. PERPAJAKAN                                                  24. TAXATION
   Utang Pajak                                                     Taxes Payable

   Rincian utang pajak adalah sebagai berikut:                     Details of tax payable account are as follow:

                                       31 Desember 2023 / 31 Desember 2022 /
                                       December 31, 2023 December 31, 2022
    Pajak penghasilan                                                                                            Income taxes
    Perusahaan                                                                                                       Company
      Pasal 21                                          6.408           4.411                                      Article 21
      Pasal 23                                            339             306                                      Article 23
      Pasal 4(2) final                                    222               -                               Article 4(2) final
      Pasal 26                                              -              23                                      Article 26
    Pajak pertambahan nilai                             1.709           1.988                                Value-added tax
    Total utang pajak                                   8.678           6.728                           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, 2023
   berakhir           pada            tanggal-tanggal              and 2022, are as follows:
   31 Desember 2023 dan 2022 adalah sebagai
   berikut:




                                                          120
Page 266
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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. PERPAJAKAN (lanjutan)                                         24. TAXATION (continued)

   Rekonsiliasi Fiskal (lanjutan)                                      Fiscal Reconciliation (continued)


                                         Tahun yang berakhir pada tanggal 31 Desember/
                                                   Year ended December 31,
                                                   2023              2022
    Laba sebelum pajak penghasilan                                                        Income before income tax expense
      menurut laporan                                                                        per consolidated statements
      laba rugi dan penghasilan                                                                 of profit or loss and other
      komprehensif lain konsolidasian                         -          359.713                  comprehensive income
    Rugi (laba) Entitas Anak sebelum                                             Loss (income) before income tax expenses
      pajak penghasilan dan eliminasi                         -           99.695   of Subsidiaries and elimination entries

    Laba sebelum pajak penghasilan                                                                     Income before income tax
      Perusahaan                                      127.503            459.408                    expenses of the Company
    Beda temporer                                                                                         Temporary differences
    Beban imbalan kerja karyawan                       16.384                4.062                    Employee benefit expenses
    Perubahan liabilitas
      manfaat polis masa depan                                                                              Changes in liability for
      dan estimasi liabilitas                                                              future policy benefits and estimated
      klaim - polis lain                              (14.950)               5.335                claims liability - other policies
    Cadangan provisi litigasi                          90.000               38.148               Allowance for litigation provision
    Lain-lain                                          (1.183)                (701)                                           Others

    Beda tetap                                                                                           Permanent differences
    Beban umum dan administrasi                           7.272             12.352          General and administrative expenses
    Gaji dan tunjangan                                    6.445             11.570                      Salaries and allowances
    Pendapatan investasi
      dan pendapatan terkait                                                                              Investment income and
      dengan pajak final                             (580.075)          (704.035)                     income related to final tax
    Lain-lain                                         227.309            110.558                                            Others
    Estimasi rugi fiskal
      tahun berjalan                                 (121.295)              (63.303)        Estimated fiscal loss - current year


    Rugi fiskal tahun-tahun sebelumnya                                                                      Prior year fiscal losses

            2018                                            -           (238.908)                                             2018
            2019                                     (380.252)          (380.252)                                             2019
            2020                                     (255.832)          (255.832)                                             2020
            2021                                     (197.185)          (197.185)                                             2021
            2022                                      (63.303)                 -                                              2022
    Akumulasi rugi fiskal                           (1.017.867)       (1.135.480)                        Accumulated fiscal loss




                                                            121
Page 267
                                                                                                  The original supplementary information included herein
                                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                       As of December 31, 2023
 Untuk 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. PERPAJAKAN (lanjutan)                                                     24. TAXATION (continued)
   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, 2023, as stated above, in
   31 Desember 2023, sebagaimana disebutkan di                                      its annual corporate income tax return (SPT) Year
   atas, dalam Surat Pemberitahuan Tahunan Pajak                                    2023 to be submitted to the Tax Office. The
   Penghasilan Badan (“SPT PPh Badan”) Tahun 2023                                   amounts of estimated fiscal loss of the Company for
   ke Kantor Pajak. Jumlah estimasi rugi fiskal                                     the years ended December 31, 2022 as stated
   Perusahaan untuk tahun yang berakhir pada                                        above, conformed with the amount stated in the
   tanggal 31 Desember 2022, sebagaimana                                            2022’s SPT.
   dinyatakan di atas, sesuai dengan jumlah yang
   dinyatakan dalam SPT PPh Badan tahun 2022.

   Beban (Manfaat) Pajak Penghasilan                                                Income Tax Expense (Benefit)

   Rincian dari beban (manfaat) pajak penghasilan                                  Details of income tax expense (benefit) are as
   adalah sebagai berikut:                                                         follows:
                                             Tahun yang berakhir pada tanggal 31 Desember/
                                                     Year ended December 31,
                                                       2023                      2022
    Perusahaan                                                                                                                       The Company
      Beban pajak tangguhan                                   1.015                       1.539                            Deferred tax expense
    Entitas anak                                                                                                                       Subsidiaries
      Manfaat pajak tangguhan                                     -                      (9.599)                            Deferred tax benefit

    Total                                                     1.015                      (8.060)                                                 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, 2023

                                                                                  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                               10.385                  1.015              5.784                17.184           marketable securities
    Surplus revaluasi bangunan                20.110                      -             (1.129)               18.981   Revaluation surplus on buildings


    Liabilitas pajak tangguhan                30.495                  1.015              4.655                36.165            Deferred tax liabilities




   Pada tanggal 31 Desember 2023, belum termasuk                                   As of December 31, 2023, 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 Rp600 and RpNil, respectively.
   sebesar Rp600 dan RpNihil.




                                                                122
Page 268
                                                                                                      The original supplementary information included herein
                                                                                                                            are in the Indonesian language.


      PT MSIG LIFE INSURANCE INDONESIA TBK                                               PT MSIG LIFE INSURANCE INDONESIA TBK
            (DAHULU PT ASURANSI JIWA                                                        (FORMERLY PT ASURANSI JIWA
                SINARMAS MSIG TBK)                                                                  SINARMAS MSIG TBK)
        CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE FINANCIAL STATEMENTS
             Tanggal 31 Desember 2023 dan                                                         As of December 31, 2023
    Untuk 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. PERPAJAKAN (lanjutan)                                                           24. TAXATION (continued)

        Liabilitas Pajak Tangguhan (lanjutan)                                            Deferred Tax Liabilities (continued)

        Rincian liabilitas pajak tangguhan adalah sebagai                               The detail of deferred tax liabilities is as follows:
        berikut:

                                                            31 Desember/December 31, 2022

                                                                                          Dikreditkan
                                                                                         (dibebankan)
                                                                      Dibebankan        ke Penghasilan
                                                                      ke Laba atau       Komperhensif
                                                                          Rugi/                Lain/
                                   Saldo akhir       Saldo awal         Credited       Credited (charged)
                                31 Desember 2021/ 1 Januari 2022/      (charged)            to Other        Saldo akhir/
                                 Ending balance   Beginning balance     to Profit       Comperhensive         Ending
                                December 31, 2021 January 1, 2022       or Loss              Income          Balance

Perusahaan                                                                                                                                      The Company
Keuntungan yang belum                                                                                                                       Unrealized gain on
   direalisasi atas perubahan                                                                                                   the changes in fair value of
   nilai wajar efek-efek                  1.916             1.916            1.539               6.930             10.385             marketable securities
Surplus revaluasi bangunan                8.778             8.778                -              11.332             20.110      Revaluation surplus on buildings

Entitas anak                                                                                                                                      Subsidiaries
Keuntungan yang belum                                                                                                                       Unrealized gain on
   direalisasi atas perubahan                                                                                                    the changes in far value of
   nilai wajar efek-efek                 36.836            36.836            (9.599)           (27.237)                    -           marketable securites

Aset (liabilitas)                                                                                                                         Deferred tax assets
  pajak tangguhan, neto                  47.530            47.530            (8.060)             (8.975)           30.495                  (liabilities), net




        Pada tanggal 31 Desember 2022, belum termasuk                                   As of December 31, 2022, 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 Rp570 and RpNil, respectively.
        sebesar Rp570 dan RpNihil.

        Manajemen memutuskan untuk tidak mengakui aset                                   Management of the Company decided not to
        pajak tangguhan karena kemungkinan penghasilan                                   recognize the deferred tax assets due to the
        kena pajak di masa yang akan datang tidak akan                                   possibility the future taxable profits will not be
        tersedia untuk penggunaan aset pajak tangguhan                                   available against which the deferred tax assets can
        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:




                                                                       123
Page 269
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
 Untuk 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. PERPAJAKAN (lanjutan)                                        24. TAXATION (continued)
   Rekonsiliasi Tarif Pajak Efektif (lanjutan)                        Reconciliation of Effective Tax Rate (continued)

                                        Tahun yang berakhir pada tanggal 31 Desember/
                                                  Year ended December 31,
                                                  2023              2022
    Laba sebelum pajak penghasilan                                                          Income before income tax expense
      menurut laporan                                                                          per consolidated statements
      laba rugi dan penghasilan                                                                   of profit or loss and other
      komprehensif lain konsolidasian                      -            359.713                     comprehensive income

    Rugi Entitas Anak sebelum                                                                Loss before income tax expenses
      pajak penghasilan dan eliminasi                      -               99.695    of Subsidiaries and elimination entries

    Laba sebelum pajak penghasilan                                                                   Income before income tax
      Perusahaan                                     127.503            459.408                   expenses of the Company
    Beban pajak penghasilan                                                                                     Tax expenses
      dengan tarif pajak yang berlaku                (28.051)          (101.070)                      at applicable tax rate
    Pengaruh pajak atas beda tetap                    74.591            125.302          Tax effect on permanent differences
    Aset pajak tangguhan yang tidak diakui           (19.855)           (10.306)              Unutilized of deferred tax asset
    Rugi fiskal yang tidak digunakan                 (26.685)           (13.926)                         Unutilized fiscal loss
    Beban pajak penghasilan Perusahaan                     -                    -        Income tax expense - The Company



   Pemeriksaan pajak tahun pajak 2017                                 Examination of fiscal year 2017

   Pada tahun 2022, Perusahaan menerima SKPKB                        In 2022, the Company received SKPKB
   No. 00009/204/17/078/22 tanggal 07 Oktober 2022                    No. 00009/204/17/078/22 dated October 07, 2022
   atas PPh Pasal 26 untuk tahun pajak 2017 Masa                      for Income Tax Article 26 for the 2017 fiscal year for
   Oktober sebesar Rp 147 dan Perusahaan juga                         the October period amounting to Rp147 and the
   menerima SKPKB No. 00010/204/17/078/22                             Company also received tax underpayments
   tanggal 07 Oktober 2022 atas PPh Pasal 26 untuk                    (SKPKB) No. 00010/204/17/078/22 dated October
   tahun pajak 2017 Masa Desember sebesar                             07, 2022 for Income Tax Article 26 for the fiscal year
   Rp1.418.                                                           2017 for the December period amounting to
                                                                      Rp1,418.
   Perusahaan telah melunasi SKPKB tersebut                          The Company has paid such SKPKB on October 28,
   tersebut pada tanggal 28 Oktober 2022 dan                         2022, respectively, and recorded it in the “general
   mencatatnya dalam bagian dari akun “beban umum                    and administrative expense” account.
   dan administrasi”.




                                                          124
Page 270
                                                                                             The original supplementary information included herein
                                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                       As of December 31, 2023
 Untuk 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. UTANG LAIN-LAIN                                                           25. OTHER LIABILITIES
   Rincian utang lain-lain adalah sebagai berikut:                                  Details of other liabilities are as follows:

                                                       31 Desember/December 31,
                                                           2023                  2022
    Klaim lapse                                              143.293                  132.092                                         Lapse claim
    Cadangan kewajiban litigasi (Catatan 44)                 128.148                   38.148       Allowance for litigation liabilities (Note 44)
    Utang pembelian perlengkapan                               9.780                    5.002                      Purchase of office supplies
    Utang tolakan klaim                                                                                                  Claim and commission
      dan komisi                                                  4.510                  3.648                               refusal payables
    Utang klaim jatuh tempo                                       4.092                  4.136                           Maturity claim payable
    Utang investasi                                               3.567                 38.175                              Investment Payable
    Utang klaim simpanan                                          2.489                  2.596                           Claim saving payables
    Management fee KPD (Catatan 43h)                                958                  1.723             Management fee KPD (Note 43h)
    Utang pemasaran                                                 899                    898                              Marketing payables
    Bagian peserta atas                                                                                       Accrued of participants’ portion
      surplus underwriting dana tabarru’                                                                              of surplus underwriting
      yang masih harus dibayar                                      146                  1.665                                   tabarru’ fund
    Lain-lain                                                     1.923                  1.593                                             Others
    Total                                                    299.805                  229.676                                              Total


26. MODAL SAHAM                                                               26. 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 2023 dan                                   ownership interest as of December 31, 2023 and
   2022 adalah sebagai berikut:                                                     2022 are as follows:
                                          Jumlah saham
                                           ditempatkan
                                        dan disetor penuh
                                         (jumlah penuh)/
                                             Number of             Persentase
                                          shares issued            pemilikan/
                                           and fully paid          Percentage             Jumlah/
  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%        157.500.000                   7,50%                  15.750
     setiap pihak)                                                                                           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 22                                   Meeting (RUPSLB) No. 35 dated August 22, 2019 of
   Agustus 2019 dari Notaris Aulia Taufani, S.H., yang                              Aulia Taufani, S.H., which was notarized by Notarial
   diaktakan sesuai dengan Akta No. 44 Notaris Aulia                                Deed No. 44 of Aulia Taufani, S.H., dated
   Taufani, S.H., tertanggal 20 September 2019, yang                                September 20, 2019, that was notified to the Ministry
   telah diberitahukan kepada Kementerian Hukum                                     of Laws and Human Rights of the Republic of
   dan Hak Asasi Manusia dan telah menerima surat                                   Indonesia and has received the receipt of
   penerimaan pemberitahuan Perubahan Anggaran                                      acknowledgment of notification letter of the
   Dasar    No.     AHU-AH.01.03-0341332       tanggal                              Amandments to the Articles of Association No. AHU-
   4 Oktober 2019, para pemegang saham Perusahaan                                   AH.01.03-0341332 dated October 4, 2019, the
   menyetujui untuk melakukan pembagian                                             shareholders agreed to distributed 1,050,000,000


                                                                     125
Page 271
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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. MODAL SAHAM (lanjutan)                                      26. CAPITAL STOCK (continued)
   Modal saham (lanjutan)                                          Share capital (continued)
   1.050.000.000 saham bonus yang berasal dari agio               bonus shares, originating from additional paid-in
   saham, masing-masing dengan nilai Rp100 setiap                  capital with value of Rp100 for each share. Thereby
   saham. Dengan demikian, RUPSLB menyetujui                       the Extraordinary General Shareholders Meeting
   peningkatan modal ditempatkan dan modal disetor                 (RUPSLB) agree to increase issued and fully paid
   Perusahaan dari semula sebesar Rp105.000                        capital of the Company from Rp105,000 to
   menjadi sebesar Rp210.000. Sehubungan dengan                    Rp210,000. In association with distribution of bonus
   pembagian saham bonus yang berasal dari agio                    shares from additional paid-in capital, the amount of
   saham, Tambahan Modal Disetor pada tanggal 31                   additional paid-in capital as of December 31, 2023
   Desember 2023 dan 31 Desember 2022 adalah                       and December 31, 2022 is Rp6,842,500.
   sebesar 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 a
   unsur kepatuhan terhadap Peraturan Menteri                      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”, a
   Reasuransi Syariah” entitas asuransi jiwa                       life insurance entity is required to maintain a
   diharuskan untuk menjaga modal minimumnya.                      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




                                                          126
Page 272
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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. MODAL SAHAM (lanjutan)                                      26. CAPITAL STOCK (continued)
   Modal minimum (lanjutan)                                        Minimum capital (continued)

   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.

   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,
                                               2023              2022
   Modal sendiri yang tersedia                  7.491.535          7.684.570                         Available owned capital
   Modal sendiri yang dipersyaratkan            1.000.000            100.000                         Required owned capital

   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, 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 Second
   Atas      Peraturan   Otoritas    Jasa    Keuangan              Amendment to Regulation of Financial Authority
   No. 72/POJK.05/2016 tanggal 28 Desember 2016                    Services No. 72/POJK.05/2016 dated December
   tentang Kesehatan Keuangan Usaha Asuransi dan                   28, 2016 regarding Financial Soundness of
   Usaha Reasuransi dengan Prinsip Syariah,                        Insurance and Reinsurance Business with Sharia
   Perusahaan diwajibkan untuk memenuhi rasio                      Principle, the Company is required to have minimum
   solvabilitas untuk dana tabarru’ paling sedikit 100%            solvency ratio for tabarru’ fund of 100% with
   dengan target internal minimal sebesar 120% dari                minimum internal target at 120%of the risk of loss
   risiko kerugian yang mungkin timbul sebagai akibat              which may arise from deviation in management of
   dari deviasi dalam pengelolaan kekayaan dan                     assets and liabilities.
   liabilitas.

   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, the Company
   persyaratan minimum modal kerja Perusahaan telah                was in compliance with this minimum working capital
   terpenuhi.                                                      requirement.

27. DIVIDEN & CADANGAN UMUM                                     27. DIVIDEN AND GENERAL RESERVES

   Berdasarkan Rapat Umum Pemegang Saham                           Based on the Company's Annual General Meeting
   Tahunan Perusahaan tanggal 27 Juni 2023, para                   of Shareholders on June 27, 2023, the shareholders
   pemegang saham memutuskan dan menyetujui                        decided and approved the use of the 2022 net profit
   penggunaaan laba bersih 2022 sebesar Rp4.500                    of Rp4,500 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 Rp371,700
   Perusahaan dengan total sebesar Rp371.700                       (Rp177 (full amount) per share).
   (Rp177 (nilai penuh) per saham).




                                                          127
Page 273
                                                                          The original supplementary information included herein
                                                                                                are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                   As of December 31, 2023
 Untuk 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. DIVIDEN & CADANGAN UMUM (lanjutan)                       27. DIVIDEN     AND            GENERAL             RESERVES
                                                                 (continued)
   Berdasarkan Rapat Umum Pemegang Saham                        Based on the Company's Annual General Meeting
   Tahunan Perusahaan tanggal 22 Juni 2022, para                of Shareholders on June 22, 2022, the shareholders
   pemegang saham memutuskan dan menyetujui                     decided and approved the use of the 2021 net profit
   penggunaaan laba bersih 2021 sebesar Rp724                   of Rp724 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 Rp71,400
   Perusahaan dengan total sebesar Rp71.400 (Rp34               (Rp34 (full amount) per share).
   (nilai penuh) per saham).

28. PENDAPATAN PREMI BRUTO                                   28. GROSS PREMIUM INCOME

   Rincian pendapatan premi bruto adalah sebagai                The details of gross premium income are as follows:
   berikut:

                                  Tahun yang berakhir pada tanggal 31 Desember/
                                            Year ended December 31,
                                            2023              2022
    Tahun pertama                             1.902.836         1.932.722                                     New business
    Tahun lanjutan                              797.245           677.957                                         Renewal
    Total                                     2.700.081         2.610.679                                               Total


   Pendapatan premi bruto berdasarkan jenis asuransi            Gross premium income by type of insurance is as
   adalah sebagai berikut:                                      follows:


                                  Tahun yang berakhir pada tanggal 31 Desember/
                                            Year ended December 31,
                                            2023              2022
    Tahun pertama                                                                                         New business
      Perorangan                                                                                            Individual
        Seumur hidup                           247.583             71.868                                 Whole life
        Kesehatan                              209.001             37.461                                     Health
        Kombinasi dwiguna                      137.011            122.140                       Combined endowment
        Kematian jangka warsa                      169                 81                             Death term life
        Kecelakaan diri                             57                 40                          Personal accident
      Sub - total                              593.821            231.590                                       Sub - total
      Kumpulan                                                                                                     Group
        Kematian jangka warsa                  315.339            238.943                                Death term life
        Kesehatan                              103.037             82.064                                        Health
        Kecelakaan diri                            110                855                             Personal accident
      Sub - total                              418.486            321.862                                       Sub - total
      Unit link                                890.529          1.379.270                                         Unit link
    Tahun lanjutan                                                                                             Renewal
      Perorangan                                                                                            Individual
        Kombinasi dwiguna                      153.174               81.210                    Combined endowment
        Kesehatan                               47.664               16.998                                  Health
        Seumur hidup                            58.681               12.769                              Whole life
        Kecelakaan diri                            118                  200                       Personal accident
        Kematian jangka warsa                       65                   98                          Death term life
      Sub - total                              259.702            111.275                                       Sub - total




                                                       128
Page 274
                                                                          The original supplementary information included herein
                                                                                                are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                         PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                  (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                            SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                   As of December 31, 2023
 Untuk 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. PENDAPATAN PREMI BRUTO (lanjutan)                        28. GROSS PREMIUM INCOME (continued)

   Pendapatan premi bruto berdasarkan jenis asuransi            Gross premium income by type of insurance is as
   adalah sebagai berikut (lanjutan) :                          follows (continued) :


                                Tahun yang berakhir pada tanggal 31 Desember/
                                            Year ended December 31,

                                            2023              2022

    Tahun lanjutan (lanjutan)                                                                        Renewal (continued)
      Kumpulan                                                                                                    Group
        Kesehatan                              194.164            183.713                                      Health
        Kematian jangka warsa                    1.166             10.635                              Death term life
        Kecelakaan diri                            490                747                           Personal accident

       Sub - total                             195.820            195.095                                       Sub - total

       Unit link                               341.723            371.587                                         Unit link

    Total                                     2.700.081         2.610.679                                               Total



   Kombinasi dwiguna merupakan produk asuransi                  Combined endowment is an insurance product
   yang memberikan perlindungan jiwa, serta                     providing life protection, as well as savings.
   tabungan.

   Perusahaan tidak memiliki pendapatan premi bruto             The Company did not have gross premium income
   dengan satu pemegang polis yang memiliki                     from a policyholder with contribution above 10%
   kontribusi di atas 10% terhadap total pendapatan             from total gross premium income.
   premi bruto.

29. PREMI REASURANSI                                         29. REINSURANCE PREMIUM

   Rincian premi reasuransi berdasarkan        jenis            Reinsurance premium by type of insurance is as
   asuransi adalah sebagai berikut:                             follows:

                                  Tahun yang berakhir pada tanggal 31 Desember/
                                            Year ended December 31,
                                            2023              2022
  Perorangan                                                                                                     Individual
    Seumur hidup                                   8.006              1.472                                    Whole life
    Kesehatan                                      5.713                117                                        Health
    Non-tradisional                                5.672              3.693                                Non-traditional
    Dwiguna                                          642              1.802                                  Endowment
    Kematian jangka warsa                            241                155                                Death term life
    Kecelakaan diri                                   50                  -                             Personal accident
  Sub - total                                   20.324                7.239                                      Sub - total
  Kumpulan                                                                                                          Group
    Kematian jangka warsa                       24.982               18.425                               Death term life
    Kecelakaan diri                                131                  311                            Personal accident
  Sub - total                                   25.113               18.736                                      Sub - total
  Total                                         45.437               25.975                                             Total




                                                       129
Page 275
                                                                                     The original supplementary information included herein
                                                                                                           are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                   PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                            (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                      SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                             As of December 31, 2023
 Untuk 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. HASIL INVESTASI - NETO                                           30. INVESTMENT INCOME - NET
                                            Tahun yang berakhir pada tanggal 31 Desember/
                                                      Year ended December 31,
                                                      2023              2022
      Pendapatan bunga                                                                                                 Interest income
        Efek utang                                       576.543            553.453                                  Debt securities
        Deposito berjangka                                68.980             31.775                                   Time deposits
        Pinjaman hipotik                                      40                 60                                  Mortgage loans
      Sub - total                                        645.563            585.288                                          Sub - total
      Pendapatan (kerugian) investasi                                                                     Investment income (loss)
        Pendapatan (kerugian) belum direalisasi                                                         Unrealized (loss) gain on
          atas surat berharga, neto                      201.577               (25.161)               marketable securities, net
        (Kerugian) pendapatan yang direalisasi                                                            Realized income (loss)
          atas surat berharga, neto                     (102.509)           125.783                on marketable securities, net
      Lainnya                                              1.827                  -                                           Others
      Sub - total                                        100.895            100.622                                          Sub - total
      Pendapatan dividen                                 106.637                68.313                            Dividend income
      Beban investasi                                    (23.272)              (38.852)                        Investment expense
      Rugi (laba) selisih kurs - neto                    (11.011)               49.990            Foreign exchange (loss) gain - net
      Broker fee                                            (166)                 (367)                                 Broker Fee
      Total                                              818.646            764.994                                                Total


       Keuntungan (kerugian) investasi dari pihak berelasi                Investment gain (loss) from related parties
       sebesar Rp6.420 dan (Rp23.426) masing-masing                       amounted to Rp6,420 and (Rp23,426) in 2023 and
       pada 2023 dan 2022 (Catatan 39).                                   2022, respectively (Note 39).

31.      PENDAPATAN LAIN-LAIN DAN BEBAN LAIN-                        31. OTHER INCOME AND OTHER EXPENSES
         LAIN

         a. PENDAPATAN LAIN-LAIN                                         a. OTHER INCOME

                                            Tahun yang berakhir pada tanggal 31 Desember/
                                                      Year ended December 31,
                                                      2023              2022

              Fee pengelola dari DPLK                     12.054               11.059                    Management fee from DPLK
              Hasil investasi dialokasikan                                                               Investment income allocated
                 untuk Perusahaan                                                                                   for the Company
                 (sebagai operator)                          7.868             10.667                                    (as operator)
              Pendapatan jasa giro                           5.951             20.029              Interest income on bank accounts
              Pendapatan rabat                               3.119             12.613                                    Rebate income
              Keuntungan penjualan                                                                                          Gain on sale
                 aset tetap (Catatan 12)                     1.669              3.078                      of fixed assets (Note 12)
              Potongan klaim kumpulan                        1.399              1.936                             Group claim discount
              Surplus underwriting dialokasikan                                                                   Underwriting surplus
                 ke Perusahaan                                                                                             allocated to
                 (sebagai operator)                            -               29.967                   the Company (as operator)
              Pendapatan lain-lain                        16.511               61.167                                     Others income
           Total                                          48.571            150.516                                                Total




                                                               130
Page 276
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
 Untuk 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.    PENDAPATAN LAIN-LAIN DAN BEBAN LAIN-                      31. OTHER INCOME               AND      OTHER        EXPENSES
       LAIN (lanjutan)                                               (continued)

       b. BEBAN LAIN-LAIN                                            b. OTHER EXPENSES

                                        Tahun yang berakhir pada tanggal 31 Desember/
                                                  Year ended December 31,
                                                  2023              2022
            Cadangan kewajiban litigasi               90.000               38.148               Allowance for litigation liabilities
            Lain-lain                                 16.903               17.522                                            Other
            Kerugian investasi mudharabah                                                          Investment loss mudharabah
               dialokasikan                                                                                         allocated to
               untuk Perusahaan                                                                                  the Company
               (sebagai operator)                        8.772              3.360                                 (as operator)
            Total                                    115.675               59.030                                             Total


32. KLAIM DAN MANFAAT                                            32. CLAIMS AND BENEFITS

                                        Tahun yang berakhir pada tanggal 31 Desember/
                                                  Year ended December 31,
                                                  2023              2022
       Penarikan dan penebusan                     1.975.923          2.542.609                   Surrenders and redemptions
       Kesehatan                                     413.488            299.545                                           Health
       Kematian                                      154.011            176.598                                           Death
       Klaim jatuh tempo                              49.103             48.156                 Maturities and periodical claims
       Lain-lain                                       1.811              4.898                                           Others
       Total                                       2.594.336          3.071.806                                               Total


      Perusahaan tidak memiliki klaim dan manfaat                     The Company did not have claim and benefits from
      dengan satu pemegang polis yang memiliki                        a policyholder with contribution above 10% from
      kontribusi di atas 10% terhadap total klaim dan                 total claim and benefits.
      manfaat.

33. BEBAN AKUISISI                                               33. ACQUISITION EXPENSES

      Beban yang muncul sehubungan perolehan kontrak                  Expenses incurred in connection with acquiring new
      asuransi baru atau lanjutan, terdiri atas:                      insurance contracts or renewals, were comprised of
                                                                      the following:
                                        Tahun yang berakhir pada tanggal 31 Desember/
                                                  Year ended December 31,
                                                  2023              2022
       Komisi                                        724.007            457.985                                    Commissions
       Pemeriksaan kesehatan                                                                                    Medical check-up
         untuk prospektif klien                          4.990              2.812                        for prospective clients
       Kantor agen                                         927              2.374                                  Agency office
       Total                                         729.924            463.171                                               Total


      Beban akuisisi kepada pihak berelasi sebesar                    Acquisition expense to related party amounted to
      Rp160.200 dan Rp145.566 masing-masing pada                      Rp160,200 and Rp145,566 in 2023 and 2022,
      tahun 2023 dan 2022 (Catatan 39).                               respectively (Note 39).




                                                           131
Page 277
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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. BEBAN PEMASARAN                                           34. MARKETING EXPENSES

   Beban pemasaran yang tidak berkaitan langsung                   Marketing expenses that are not directly related to
   dengan perolehan polis terdiri atas:                            policy acquisitions consist of:
                                     Tahun yang berakhir pada tanggal 31 Desember/
                                               Year ended December 31,
                                               2023              2022
    Kontes                                         49.225               37.977                                      Contests
    Iklan dan promosi                              30.114               24.897                    Advertising and promotions
    Kartu dan polis                                 8.159                8.817                                Card and policy
    Jamuan                                            899                  981                                 Entertainment
    Total                                          88.397               72.672                                             Total


   Tidak terdapat beban pemasaran kepada pihak                     There are no marketing expenses to related party.
   berelasi.

35. BEBAN UMUM DAN ADMINISTRASI                               35. GENERAL AND ADMINISTRATIVE EXPENSES


                                     Tahun yang berakhir pada tanggal 31 Desember/
                                               Year ended December 31,
                                               2023              2022
    Gaji dan tunjangan                            250.137            214.843                        Salaries and allowances
    Jasa profesional                               30.320             25.999                               Professional fees
    Penyusutan (Catatan 12)                        22.496             20.222                         Depreciation (Note 12)
    Alat tulis dan perlengkapan kantor             21.206             10.191                  Stationary and office supplies
    Biaya asosiasi                                 12.867             10.008                                Association fees
    Penyusutan aset hak-guna (Catatan 13)          12.061             12.574     Right-of-use assets depreciation (Note 13)
    Komunikasi                                     11.508             16.077                               Communications
    Biaya penyelesaian klaim                        9.689              1.071                        Case handling expense
    Perbaikan dan pemeliharaan                      9.446              9.818                      Repairs and maintenance
    Perjalanan dan transportasi                     7.754              5.752                       Travel and transportation
    Pendidikan dan pelatihan                        7.547              3.979                         Education and training
    Sewa                                            3.549              4.855                                          Rental
    Amortisasi perangkat lunak                      2.627              2.314                          Software amortization
    Air dan listrik                                 1.352              1.825                            Water and electricity
    Lain-lain                                       3.905              3.929                                          Others
    Total                                         406.464            343.457                                               Total


   Beban umum dan administrasi atas pihak berelasi                 General and administrative expenses incurred on
   sebesar Rp22.047 dan Rp23.382 masing-masing                     related party amounted to Rp22,047 and Rp23,382
   pada tahun 2023 dan 2022 (Catatan 39).                          in 2023 and 2022, respectively (Note 39)




                                                       132
Page 278
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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)

36. LIABILITAS IMBALAN KERJA KARYAWAN                            36. EMPLOYEE BENEFITS LIABILITY


   Jumlah imbalan kerja karyawan ditentukan                           The amount of employee benefits is determined
   berdasarkan Undang-Undang No.11 Tahun 2020                         based on the Labor Law No. 11 Year 2020, dated
   tanggal 2 November 2020.                                           November 2, 2020.

   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 2023 dan 2022 yang                             December 31, 2023 and 2022 prepared by Edial and
   dilaksanakan oleh Edial dan PT Bestama Aktuaria                    PT Bestama Aktuaria in its reports dated March 21,
   masing-masing tertanggal 21 Maret 2024 dan 10                      2024 and February 10, 2023, respectively.
   Februari 2023.

   Asumsi - asumsi aktuarial utama yang digunakan                     Major actuarial assumptions used are as follows:
   adalah sebagai berikut:

                                                2023                 2022
    Tingkat diskonto per tahun                                                                         Discount rate per annum
         Pasca-kerja                                 6,70%                7,40%                   Post-employment benefits
         Imbalan jangka panjang lainnya      6,60% - 6,70%        6,20% - 6,60%                    Other long-term benefits
    Tingkat kenaikan gaji tahunan                    8,00%                8,50%                     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

                                                2023                 2022

    Tingkat pengunduran diri                        10% 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 55/10% 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




                                                         133
Page 279
                                                                                                 The original supplementary information included herein
                                                                                                                       are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                      As of December 31, 2023
 Untuk 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)

36. LIABILITAS        IMBALAN          KERJA       KARYAWAN                  36. EMPLOYEE BENEFITS LIABILITY (continued)
    (lanjutan)

   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:
                                                          2023                   2022
          Imbalan pasca-kerja                                  53.926                    45.800                        Post-employment benefits
          Nilai wajar aset program                            (43.742)                  (14.074)                        Fair value of plan assets
          Imbalan jangka panjang
             lainnya                                             7.116                    1.964                           Other long-term benefit
          Program perjanjian                                                                                             Fixed term employement
             kerja waktu tertentu                                1.001                       766                          agreement program
          Total                                                18.301                    34.456                                                Total


   b.    Mutasi nilai kini liabilitas kerja karyawan adalah                        b.      The movements of employee benefits liability
         sebagai berikut:                                                                  are as follows:
                                                          31 Desember/December 31, 2023

                                         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                            31.726              1.964                  766               34.456                Beginning balance
        Beban imbalan karyawan                                                                                            Employee benefits expense
          selama tahun berjalan               11.074              5.517                  630               17.221                  during the year
        Pengukuran Kembali                                                                                                         Remeasurement
          yang diakui di penghasilan                                                                                           recognized in other
          komprehensif lain                    3.461                  -                     -               3.461           comprehensive income
        Pembayaran imbalan kerja                 (77)             (365)                 (395)               (837)                   Benefit payment
        Pembayaran kontribusi               (36.000)                  -                      -           (36.000)              Contribution payment

        Saldo akhir tahun                     10.184              7.116                 1.001              18.301    Ending balance at end of year


                                                          31 Desember/December 31, 2022

                                         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                            25.170              1.907                  285               27.362                Beginning balance
        Beban imbalan karyawan                                                                                            Employee benefits expense
          selama tahun berjalan                4.750               538                   693                5.981                  during the year
        Pengukuran kembali                                                                                                         Remeasurement
          yang diakui di penghasilan                                                                                           recognized in other
          komprehensif lain                    3.078                  -                     -               3.078           comprehensive income
        Pembayaran imbalan kerja              (1.272)             (481)                  (212)            (1.965)                   Benefit payment

        Saldo akhir tahun                     31.726              1.964                  766               34.456    Ending balance at end of year




                                                                   134
Page 280
                                                                                         The original supplementary information included herein
                                                                                                               are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                       PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                          SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                 As of December 31, 2023
 Untuk 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)

36. LIABILITAS        IMBALAN      KERJA      KARYAWAN                  36. EMPLOYEE BENEFITS LIABILITY (continued)
    (lanjutan)

   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, 2023

                                     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                    9.498              886                  630             11.014                 Current service costs
        Beban bunga-neto                   1.013               115                   -              1.128                     Interest cost-net
        Pesangon                             563                 -                   -                563                      Severance pay
        Keuntungan aktuarial                   -             4.516                   -              4.516                        Actuarial gain

        Beban imbalan kerja neto          11.074             5.517                 630             17.221       Net employee benefits expense


                                              Tahun yang berakhir pada tanggal 31 Desember/
                                                     Year ended December 31, 2022

                                     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                    2.910               668                 693                 4.271              Current service costs
        Beban bunga-neto                   1.840                82                   -                 1.922                  Interest cost-net
        Keuntungan aktuarial                   -              (212)                  -                  (212)                    Actuarial gain

        Beban imbalan kerja neto           4.750              538                  693                 5.981    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, 2023 and
         31 Desember 2023 dan 2022 adalah sebagai                                   2022, are as follows (unaudited):
         berikut (tidak diaudit):

                                                     2023                   2022
         Di bawah 1 tahun                                  3.983                    6.154                                      Within a year
         1 - 2 tahun                                       2.452                    2.646                                         1 - 2 years
         2 - 5 tahun                                      22.274                   18.903                                         2 - 5 years
         Lebih dari 5 tahun                              535.865                  495.619                                  More than 5 years
         Total                                           564.574                  523.322                                               Total


         Durasi rata-rata dari kewajiban imbalan kerja                              The average duration of the benefit obligation
         karyawan pada tanggal 31 Desember 2023 dan                                 as of December 31, 2023 and 2022 is 13.94
         2022 masing-masing adalah 13,94 tahun dan                                  years and 17.79 years, respectively.
         17,79 tahun.




                                                              135
Page 281
                                                                                             The original supplementary information included herein
                                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                    As of December 31, 2023
 Untuk 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)

36. LIABILITAS IMBALAN KERJA (lanjutan)                                    36. EMPLOYEE BENEFIT LIABILITY (continued)


   e.    Analisa sensitivitas untuk asumsi aktuarial                             e.    Sensitivity analysis for actuarial assumptions

         Pada tanggal 31 Desember 2023 dan 2022,                                       As of December 31, 2023 and 2022, sensitivity
         analisa sensitivitas atas asumsi-asumsi                                       analysis for actuarial assumption are as follows:
         aktuarial adalah sebagai berikut: (tidak diaudit)                             (unaudited)
                                                             31 Desember 2023/
                                                             December 31, 2023
                                                 ___

                                       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%                  (4.855)                 1%                 5.412                          Increase
        Penurunan                         (1%)                  5.511                 (1%)               (4.862)                        Decrease


                                                             31 Desember 2022/
                                                             December 31, 2022
                                                 ___

                                       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%                  (3.585)                 1%                 4.130                          Increase
        Penurunan                         (1%)                  4.062                 (1%)               (3.713)                        Decrease


37. DANA PESERTA                                                           37. PARTICIPANTS’ FUND
                                                       31 Desember/December 31,
                                                        2023                  2022
    Dana Tabarru                                             10.827                   14.880                                      Tabarru fund
    Dana investasi peserta:                                                                                        Participant’s investment fund:
      Akad Wakalah                                          205.345               246.074                                        Akad Wakalah
      Akad Mudharabah                                        24.659                21.093                                   Akad Mudharabah
    Sub - total                                             230.004               267.167                                            Sub - total
    Total dana peserta                                      240.831               282.047                              Total participants’ fund




                                                                 136
Page 282
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
 Untuk 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)

37. DANA PESERTA (lanjutan)                                       37. PARTICIPANTS’ FUND (continued)

   a.   Laporan surplus (defisit) dana tabarru                       a.     Statement of surplus (deficit) tabarru fund


                                     Tahun yang berakhir pada tanggal 31 Desember/
                                                 Year ended December 31,
                                                 2023              2022
         PENDAPATAN ASURANSI                                                                           INSURANCE INCOME
         Kontribusi bruto                            93.012               85.978                         Contributions income
         Bagian pengelola atas                                                                   Operator share of contribution
           kontribusi (ujrah pengelola)             (32.067)              (25.543)                        (ujrah for operator)
         Bagian reasuransi atas kontribusi           (4.861)               (7.595)           Reinsurance share of contributions
         Total                                       56.084               52.840                                              Total

         BEBAN ASURANSI                                                                              INSURANCE EXPENSE
         Klaim dan manfaat                           53.959               62.449                           Claims and benefits
         Klaim reasuransi                            (6.031)              (7.980)                Reinsurance claim recoveries
         (Penurunan) kenaikan                                                                           (Decrease) increase in
           penyisihan klaim                          (2.081)              (12.208)                           claims reserves
         Kenaikan (penurunan) kontribusi                                                                Increase (decrease) in
           yang belum menjadi hak                       2.098                412                     unearned contributions
         (Penurunan) kenaikan penyisihan                                                     (Decrease) increase in reserve for
           manfaat polis masa depan                  13.331               (17.918)                     future policy benefits
         Penurunan (kenaikan)                                                                             Decrease (increase)
           aset reasuransi                              4.674              (5.489)                    in reinsurance assets
         Total                                       65.950               19.266                                              Total
         SURPLUS (DEFISIT)                                                                                       SURPLUS
           UNDERWRITING                                 (9.866)           33.574                   (DEFICIT) UNDERWRITING

         Dikurangi:                                                                                                         Less:
         (Surplus) Defisit underwriting                                                             Underwriting deficit (Surplus)
           dialokasikan ke Perusahaan                        -            (29.967)                   allocated to the Company
         (Surplus) Defisit underwriting                                                            Underwriting deficit (Surplus)
           dialokasikan ke Peserta                           -             (1.665)                allocated to the Participants’
         Surplus (Defisit) yang                                                                                Surplus (Deficit)
          didistribusikan ke dana tabarru            (9.866)               1.942                   distribute to tabarru fund

        PENDAPATAN DAN                                                                                 INVESTMENT INCOME
           BEBAN INVESTASI                                                                                 AND EXPENSES
        Total pendapatan investasi, neto             12.727               15.731                Total investment income, net
        Dikurangi:                                                                                                       Less:
        Beban pengelolaan portofolio                                                                     Investments portofolio
           investasi                                    (7.868)           (10.667)                          management fee
        Pajak final                                     (1.226)            (1.163)                                    Final tax
        Pendapatan (beban) lain-lain, neto               1.523              2.333                Other income (expense), net
        PENGHASILAN KOMPREHENSIF                                                                 OTHER COMPREHENSIVE
          LAIN                                                                                                     INCOME
        Perubahan nilai wajar investasi, neto             657              (4.328)     Changes in fair value of investment, net
        SURPLUS (DEFISIT)                                                                                SURPLUS (DEFISIT)
          DANA TABARRU                                  (4.053)            3.848                         TABARRU FUND
        SALDO AWAL                                                                                  BEGINNING BALANCE OF
          DANA TABARRU                               14.880               64.010                          TABARRU FUND
        Pengembalian dana tabaru                                                                       Refund from tabarru fund
          Ke Ujrah                                           -            (52.978)                                   to Ujroh
        SALDO AKHIR                                                                                      ENDING BALANCE OF
          DANA TABARRU                               10.827               14.880                            TABARRU FUND



                                                           137
Page 283
                                                                                 The original supplementary information included herein
                                                                                                       are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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)

37. DANA PESERTA (lanjutan)                                      37. PARTICIPANTS’ FUND (continued)

   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,
                                                2023              2022
                Simas Prime Link Syariah            79.035               97.152                        Simas Prime Link Syariah
                Simas Magna Link Syariah            39.413               39.679                       Simas Magna Link Syariah
                Smile Link Pro Syariah              24.771               22.784                           Smile Link Pro Syariah
                Smile Link 88 Syariah               20.383               29.770                            Smile Link 88 Syariah
                Excellent 80 Plus Syariah            8.676               10.032                         Excellent 80 Plus Syariah
                Smile Link 99 Syariah                8.526                9.899                            Smile Link 99 Syariah
                Smile Link Syariah                   8.284               15.478                                Smile Link Syariah
                Amanah Link Syariah                  5.206                5.880                             Amanah Link Syariah
                Eka Link Family Syariah              3.723                4.828                          Eka Link Family Syariah
                Simas Power Link Syariah             2.680                3.543                        Simas Power Link Syariah
                SMiLe Link Pro 100 Syariah           1.667                1.907                      SMiLe Link Pro 100 Syariah
                B Smile Protection Syariah           1.278                2.531                       B SMile Protection Syariah
                Jempol Link Syariah                    804                  723                              Jempol Link Syariah
                Smile Link Bridge Syariah              392                  691                        Smile Link Bridge Syariah
                B Smile Insurance Syariah              180                  701                        B SMile Insurance Syariah
                Smile Premium Link Syariah              96                  119                      Smile Premium Link Syariah
                Smile Link Proasset Syariah             92                  180                      Smile Link Proasset Syariah
                Berkah Link                             52                   49                                       Berkah Link
                Smile Link Medifest Syariah             39                   41                      Smile Link Medifest Syariah
                Smile Link Ultimate Syariah             28                   63                       Smile Link Ultimate Syariah
                Mabrur                                  20                   23                                           Mabrur
                Medifest Syariah                         -                    1                                  Medifest Syariah
                Total                              205.345            246.074                                                  Total


        (ii)    Dana investasi peserta dengan akad                        (ii)    Participants’ investment            fund      using
                mudharabah                                                        mudharabah agreement
                                                31 Desember/December 31,
                                                2023              2022
               Simas Kid Insurance Syariah          13.106                7.355                     Simas Kid Insurance Syariah
               Power Save                           10.388               13.349                                      Power Save
               Smile Life Syariah                    1.061                  428                               Smile Life Syariah
               Smile Multi Invest Syariah              512                  496                        Smile Multi Invest Syariah
               Sub - total per jenis dana           25.067               21.628                                Sub - total per fund
               Perubahan nilai
                  wajar investasi, neto                (408)               (535)        Changes in fair value of investment, net
               Total                                24.659               21.093                                                Total




                                                           138
Page 284
                                                                           The original supplementary information included herein
                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

37. DANA PESERTA (lanjutan)                                    37. 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 (lanjutan)                                          mudharabah agreement (continued)
           Jumlah sebesar (Rp408) dan (Rp535)                             The amount of (Rp408) and (Rp535) is part
           adalah bagian dari keuntungan (kerugian)                       of the unrealized gain (loss) on changes in
           yang belum direalisasi atas perubahan nilai                    fair value of sukuk measured at fair value
           wajar sukuk yang diukur pada nilai wajar                       through other comprehensive income in
           melalui penghasilan komprehensif lain                          2023 and 2022, respectively.
           masing masing pada tahun 2023 dan 2022.

38. LABA PER SAHAM                                             38. 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.

   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,
                                              2023              2022

  Laba tahun berjalan                            127.503            367.773                              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)                          60             175              the parent entity (full amount)




                                                         139
Page 285
                                                                                              The original supplementary information included herein
                                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                      As of December 31, 2023
 Untuk 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)

39. TRANSAKSI DENGAN PIHAK BERELASI                                           39. 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
                                             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)


                                                                     140
Page 286
                                                                                                     The original supplementary information included herein
                                                                                                                           are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                 PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                          (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                    SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                           As of December 31, 2023
 Untuk 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)

39. TRANSAKSI        DENGAN PIHAK BERELASI                                        39. 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
     Entitas di bawah pengaruh signifikan          PT Bank Nano Syariah Tbk               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)
    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, 2023 and 2022
    2023 dan 2022 adalah sebagai berikut:                                               are as follows:
                                                                   Persentase                           Persentase
                                                                 terhadap total                       terhadap total
                                                                    aset atau                            aset atau
                                                                    liabilitas/                          liabilitas/
                                                                 Percentage to                        Percentage of
                                             31 Des 2023/         total assets    31 Des 2022/         total assets
                                             Dec 31, 2023          or liability   Dec 31, 2022          or liability

   PT Bank Sinarmas Tbk                                                                                                                 PT Bank Sinarmas Tbk
      Kas dan bank                                   81.485               0,54%          172.053               1,11%            Cash on hand and in banks
      Utang komisi                                   13.504               0,19%           23.099               0,31%                 Commission payable

   PT Bank Nano Syariah Tbk                                                                                                         PT Bank Nano Syariah Tbk
      Kas dan Bank                                   27.580               0,18%                  -             0,00%            Cash on hand and in banks
      Piutang Investasi                                 256               0,00%                  -             0,00%                Investment receivable
      Investasi                                      50.000               0,33%                  -             0,00%                          Investment

   PT Indah Kiat Pulp & Paper Tbk                                                                                               PT Indah Kiat Pulp & Paper Tbk
      Investasi                                      59.730               0,40%           17.594                0,23%                          Investment
      Piutang investasi                                 396               0,00%            (404)              (0,00%)                Investment receivable

   PT Duta Cakra Pesona                                                                                                                 PT Duta Cakra Pesona
      Biaya dibayar di muka                           2.203               0,01%            2.203               0,03%                    Prepaid expenses
      Aset lain-lain                                  2.977               0,02%            2.977               0.04%                        Other assets

   PT Pabrik Kertas Tjiwi Kimia Tbk                                                                                                 PT Pabrik Kertas Tjiwi Kimia
      Investasi                                       1.398               0,01%            6.138                0,08%                           Investment
      Piutang investasi                                   -               0,00%            (683)              (0,00%)                Investment receivable

   PT Bumi Serpong Damai Tbk                                                                                                       PT Bumi Serpong Damai Tbk
      Investasi                                       3.271               0,02%            1.108               0,01%                           Investment

   PT Sinarmas Multi Finance                                                                                                         PT Sinamas Multi Finance
      Investasi                                       2.087               0,01%            1.005               0,01%                           Investment
      Piutang Investasi                                  41               0,00%                -               0,00%                 Investment receivable

   PT Lontar Papyrus Pulp & Paper Industry                                                                              PT Lontar Papyrus Pulp & Paper Industry
      Investasi                                       2.169               0,01%                  -             0,00%                            Investment
      Piutang Investasi                                  34               0,00%                  -             0,00%                 Investment receivable

   Mitsui Sumitomo Insurance Co., Ltd.                                                                                      Mitsui Sumitomo Insurance Co., Ltd.
      Beban akrual                                      734               0,00%              872               0,01%                     Accrued expense

   PT Sinar Mas Teladan                                                                                                                  PT Sinar Mas Teladan
      Aset lain-lain                                    116               0,00%              116               0,00%                         Other assets
      Biaya dibayar di muka                              43               0,00%               43               0,00%                     Prepaid expenses

   PT Asuransi Sinar Mas                                                                                                                 PT Asuransi Sinar Mas
      Biaya dibayar di muka                                 13            0,00%                  7             0,00%                     Prepaid expenses

   PT Sinarmas Asset Management                                                                                                PT Sinarmas Asset Management
      Investasi                                              -            0,00%          411.093               5,43%                          Investment

   PT Sinar Mas Agro                                                                                                                       PT Sinar Mas Agro
      Resources and Technology Tbk                                                                                          Resources and Technology Tbk
      Investasi                                              -            0,00%           29.773               0,39%                          Investment

                                                                           141
Page 287
                                                                                                The original supplementary information included herein
                                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                           PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                    (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                              SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                     As of December 31, 2023
 Untuk 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)

39. TRANSAKSI               DENGAN      PIHAK           BERELASI            39. 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, 2023 and 2022
   2023 dan 2022 adalah sebagai berikut: (lanjutan)                               are as follows: (continued)
                                                             Persentase                            Persentase
                                                           terhadap total                        terhadap total
                                                            pendapatan                            pendapatan
                                                            atau beban/                           atau beban/
                                                           Percentage of                         Percentage of
                                        31 Des 2023 /       total income    31 Des 2022/          total income
                                        Dec 31, 2023        or expenses     Dec 31, 2022          or expenses


  PT Duta Cakra Pesona                                                                                                          PT Duta Cakra Pesona
     Beban umum                                                                                                            General and administrative
        dan administrasi                        13.579              0,41%           13.681                0,44%                         expenses

  PT Jakarta Sinar Intertrade                                                                                                PT Jakarta Sinar Intertrade
     Beban umum                                                                                                            General and administrative
        dan administrasi                          2.570             0,08%            2.576                0,08%                         expenses

  PT Rizki Lancar Sentosa                                                                                                      PT Rizki Lancar Sentosa
     Beban umum                                                                                                            General and administrative
        dan administrasi                          1.574             0,05%            2.496                0,08%                         expenses

  PT Smart Telecom                                                                                                                   PT Smart Telecom
     Beban umum                                                                                                            General and administrative
       dan administrasi                           1.341             0,04%            1.768                0,06%                         expenses

  PT Perwita Margasakti                                                                                                          PT Perwita Margasakti
     Beban umum                                                                                                            General and administrative
        dan administrasi                           792              0,02%              779                0,03%                          expenses

  Mitsui Sumitomo Insurance Co., Ltd.                                                                                Mitsui Sumitomo Insurance Co., Ltd.
     Beban umum                                                                                                             General and administrative
         dan administrasi                          734              0,02%              872                0,03%                          expenses

  PT Sinar Mas Agro Resources                                                                                             PT Sinar Mas Agro Resources
     and Technology Tbk                                                                                                         and Technology Tbk
     Pendapatan (kerugian)                                                                                                        Investment income
           investasi - neto                        695              0,02%              623                0,02%                         (loss) – net

  PT Sinar Mas Teladan                                                                                                           PT Sinar Mas Teladan
     Beban umum                                                                                                            General and administrative
        dan administrasi                           530              0,02%              532                0,02%                         expenses

  PT Arthamas Solusindo                                                                                                         PT Arthamas Solusindo
     Beban umum                                                                                                            General and administrative
        dan administrasi                           384              0,01%              384                0,01%                         expenses

  PT Asuransi Sinar Mas                                                                                                         PT Asuransi Sinar Mas
     Beban umum                                                                                                            General and administrative
       dan administrasi                            205              0,01%              194                0,01%                         expenses

  PT Sinarmas Multi Finance                                                                                                  PT Sinarmas Multi Finance
     Pendapatan (kerugian)                                                                                                        Investment income
           investasi - neto                        247              0,01%                  58             0,00%                         (loss) – net
     Beban umum                                                                                                            General and administrative
        dan administrasi                           232              0,01%                   -             0,00%                           expenses

  PT Mitrajaya Pasopati                                                                                                           PT Mitrajaya Pasopati
     Beban umum                                                                                                            General and administrative
        dan administrasi                            53              0,00%                  47             0,00%                         expenses




                                                                     142
Page 288
                                                                                                 The original supplementary information included herein
                                                                                                                       are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                      As of December 31, 2023
 Untuk 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)


39. TRANSAKSI                DENGAN   PIHAK           BERELASI               39. 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, 2023 and 2022
   2023 dan 2022 adalah sebagai berikut: (lanjutan)                                are as follows: (continued)
                                                             Persentase                             Persentase
                                                           terhadap total                         terhadap total
                                                            pendapatan                             pendapatan
                                                            atau beban/                            atau beban/
                                                           Percentage of                          Percentage of
                                      31 Des 2023 /         total income     31 Des 2022/          total income
                                      Dec 31, 2023          or expenses      Dec 31, 2022          or expenses


  PT Indah Kiat Pulp & Paper Tbk                                                                                           PT Indah Kiat Pulp & Paper Tbk
     Pendapatan (kerugian)                                                                                                          Investment income
        investasi - neto                        2.678               0,08%              (660)              (0,02%)                          (loss) - net

  PT Pabrik Kertas Tjiwi Kimia Tbk                                                                                        PT Pabrik Kertas Tjiwi Kimia Tbk
     Pendapatan (kerugian)                                                                                                           Investment income
       investasi - neto                         (150)              (0,01%)             (917)              (0,03%)                          (loss) – net

  PT Bumi Serpong Damai Tbk                                                                                                   PT Bumi Serpong Damai Tbk
     Pendapatan (kerugian)                                                                                                          Investment income
       investasi - neto                          314                0,01%            (2.309)              (0,07%)                         (loss) - net

  PT Sinarmas Assets Management                                                                                           PT Sinarmas Assets Management
     Pendapatan (kerugian)                                                                                                          Investment income
        investasi - neto                        2.524               0,07%           (19.975)              (0,67%)                         (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                         112                0,00%                    -             0,00%                           (loss) - net

  PT Bank Sinarmas Tbk                                                                                                             PT Bank Sinarmas Tbk
     Beban akuisisi                          160.200                4,86%           145.566                4,86%                    Acquisition expenses
     Pendapatan lain-lain – neto               1.432                0,04%             1.179                0,03%                      Other income – net

  PT Kalibesar Raya Utama                                                                                                       PT Kalibesar Raya Utama
     Beban umum                                                                                                              General and administrative
        dan administrasi                          53                0,00%                   53             0,00%                          expenses

  PT Puradelta Lestari Tbk                                                                                                        PT Puradelta Lestari Tbk
     Pendapatan (kerugian)                                                                                                          Investment income
        investasi - neto                              -             0,00%                   37             0,00%                          (loss) – net

  PT Smartfren Telecom Tbk                                                                                                      PT Smartfren Telecom Tbk
     Pendapatan (kerugian)                                                                                                          Investment income
       investasi - neto                               -             0,00%              (283)              (0,01%)                         (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,
                                                          2023                  2022
  Imbalan kerja jangka pendek                                  36.922                  28.744                        Short-term employee benefits

  Total                                                        36.922                  28.744                                                      Total




                                                                     143
Page 289
                                                                                             The original supplementary information included herein
                                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                    As of December 31, 2023
 Untuk 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)

40. INSTRUMEN KEUANGAN                                                    40. 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, 20223

                                                                                Nilai
                                                                           wajar melalui
                                                                           penghasilan
                                  Nilai wajar                             komprehensif
                                melalui laba rugi/                        lain /fair value
                                   Fair Value        Biaya perolehan      through other
                                    through           diamortisasi/ at   comprehensive           Total/
                                 profit or loss      Amortized cost           income             Total

   Aset keuangan:                                                                                                                 Financial Assets
     Kas dan bank                         780.815                    -                  -             780.815          Cash on hand and in banks
     Piutang premi                         48.592                    -                  -              48.592               Premium receivables
     Piutang reasuransi                    26.093                    -                  -              26.093            Reinsurance receivables
     Piutang koasuransi                         -                    -                  -                   -            Coinsurance receivables
     Piutang investasi                    157.775                    -                  -             157.775             Investment receivables
     Piutang lain-lain                     22.416                    -                  -              22.416                   Other receivables
     Investasi                          5.027.407            1.498.451          6.676.851          13.202.709                        Investments
     Pinjaman polis                         2.452                    -                  -               2.452                        Policy loans
     Aset lain-lain - jaminan               3.818                    -                  -               3.818             Other assets – deposits

      Total                             6.069.368            1.498.451          6.676.851          14.244.670                             Total




                                                        31 Desember/December 31, 2022

                                                                                Nilai
                                                                           wajar melalui
                                                                           penghasilan
                                  Nilai wajar                             komprehensif
                                melalui laba rugi/                        lain /fair value
                                   Fair Value        Biaya perolehan      through other
                                    through           diamortisasi/ at   comprehensive           Total/
                                 profit or loss      Amortized cost           income             Total

   Aset keuangan:                                                                                                                 Financial Assets
     Kas dan bank                       1.363.572                    -                  -           1.363.572          Cash on hand and in banks
     Piutang premi                         53.968                    -                  -              53.968               Premium receivables
     Piutang reasuransi                    17.991                    -                  -              17.991            Reinsurance receivables
     Piutang koasuransi                    32.808                    -                  -              32.808            Coinsurance receivables
     Piutang investasi                    173.175                    -                  -             173.175             Investment receivables
     Piutang lain-lain                     14.520                    -                  -              14.520                   Other receivables
     Investasi                          5.657.810            1.308.406          6.177.355          13.143.571                        Investments
     Pinjaman polis                         2.262                    -                  -               2.262                        Policy loans
     Aset lain-lain - jaminan               3.614                    -                  -               3.614             Other assets – deposits

      Total                             7.319.720            1.308.406          6.177. 355         14.805.481                             Total




                                                                 144
Page 290
                                                                                                   The original supplementary information included herein
                                                                                                                         are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                       As of December 31, 2023
 Untuk 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)

40. INSTRUMEN KEUANGAN (lanjutan)                                            40. FINANCIAL INSTRUMENTS (continued)

   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,

                                                    2023                                           2022

                                  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 reasuransi                             -             51.227                       -             17.562                  Due to reinsurers
       Utang koasuransi                             -                  -                       -             29.043                   Due to coinsurer
       Utang komisi                                 -             76.227                       -             74.378               Commissions payable
       Beban akrual                                 -             93.919                       -             91.600                 Accrued expenses
       Utang lain-lain                              -            299.805                       -            229.676                     Other liabilities
       Utang klaim                                  -             53.140                       -             75.304                    Claims payable
       Liabilitas sewa                              -             14.696                       -              9.050                    Lease liabilities

    Total                                           -            589.014                       -            526.613                                 Total



   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.




                                                                   145
Page 291
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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)

40. INSTRUMEN KEUANGAN (lanjutan)                                40. FINANCIAL INSTRUMENTS (continued)
   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: (lanjutan)                      instruments: (continued)

   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 koasuransi, piutang lain-lain, investasi                 reinsurance assets - reinsurance receivables,
        di deposito berjangka, pinjaman hipotik,                         coinsurance receivables, other receivables,
        pinjaman polis, aset lain-lain - jaminan, beban                  investments in time deposits, mortgage loans,
        akrual, utang komisi, utang reasuransi, utang                    policy loans, other assets - deposits, accrued
        koasuransi, utang lain-lain, utang klaim dan                     expenses, commissions payable, due to
        liabilitas sewa mendekati nilai tercatatnya                      reinsurers, due to coinsurer, other liabilities,
        karena bersifat jangka pendek, atau niliai                       claims payable and lease liabilities approximate
        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.

   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.




                                                           146
Page 292
                                                                              The original supplementary information included herein
                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                             PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                      (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                       As of December 31, 2023
 Untuk 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)

40. INSTRUMEN KEUANGAN (lanjutan)                               40. FINANCIAL INSTRUMENTS (continued)

   Hierarki Nilai Wajar (lanjutan)                                  Fair Value Hierarchy (continued)

   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 a
   memperhitungkan semua faktor yang akan                           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/         Total/
                                   Level 1        Level 2        Level 3           Total

   Investasi                                                                                                      Investments
       31 Desember 2023              2.622.399      8.978.306       100.261       11.700.966              December 31, 2023
       31 Desember 2022              2.940.631      8.789.642       100.261       11.830.534              December 31, 2022




                                                          147
Page 293
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                           41. 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, piutang                       receivable, investment receivables, reinsurance
   koasuransi, investasi, pinjaman polis, utang komisi,                assets - reinsurance receivables, coinsurance
   utang reasuransi, utang koasuransi dan utang klaim                  receivables, investments, policy loans, commissions
   yang timbul dari kegiatan usahanya. Perusahaan                      payable, due to reinsurers, due to coinsurer and
   mempunyai aset dan liabilitas keuangan yang lain                    claims payable, which arise directly from its
   seperti piutang lain-lain, aset lain-lain, beban akrual,            operations. The Company has various other
   liabilitas sewa dan utang lain-lain.                                financial assets and liabilities such as, other
                                                                       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.



                                                              148
Page 294
                                                                          The original supplementary information included herein
                                                                                                are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                           PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                    (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                              SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                     As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                      41. 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.




                                                         149
Page 295
                                                                                                 The original supplementary information included herein
                                                                                                                       are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                               PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                        (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                  SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                         As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                         41. 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
          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          2019           2020       2021          2022                2023             average
        ___________________________________                     _                                                     __

        Asuransi penebusan hipotik/
           Mortgage Redemption
               Insurance (MRI)                         Jiwa/Life      58%            68%          184%             68%                87%                  93%
        Unit link/Unit link                            Jiwa/Life      37%            81%          137%             94%               104%                  91%
        Tradisional (tidak termasuk MRI)/
           Traditional (excluding MRI)                 Jiwa/Life      32%            57%             48%           36%                67%                  48%
           Kecelakaan diri/
           Personal accident              Kecelakaan/Accident         12%             0%          150%             12%               893%                 213%
        Kesehatan kumpulan/                  Beban kesehatan/
           Group health                       Medical expense         94%            73%             89%           108%              114%                  95%
        Beban kesehatan individu/
           Individual medical                Beban kesehatan/
           expense                            Medical expense        102%            68%             80%           80%               141%                  94%
        Hospital cash plan dan              Hospital cash plan
           manfaat lain/                        dan sakit kritis/
           Hospital cash plan and           Hospital cash plan
           other benefit                     and critical illness     28%            37%             36%           87%               101%                  58%
        Ekawarsa dan kecelakaan       Ekawarsa dan kecelakaan
           diri/Term-life and                 diri/Term-life and
           personal accident                 personal accident        65%           134%           245%            212%              194%                 170%


                                                                           Manfaat maksimum per jiwa/ Maximum benefit per life
                                                                               2023                                           2022
                          Tipe risiko/Type of risk                    Jumlah penuh/full amount                       Jumlah 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                               Rp6.000 juta/million / USD300.000              Rp6.000 juta/million / USD300.000

        *) Harus dengan persetujuan reasuransi/Subject to reinsurance approval.




                                                                      150
Page 296
                                                                                                The original supplementary information included herein
                                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                          As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                         41. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                               AND POLICIES (continued)

   a.    Risiko asuransi (lanjutan)                                                   a.   Insurance risk (continued)

         Maksimum cakupan risiko polis berdasarkan                                         Maximum per policy risk coverage by type of
         tipe risiko adalah sebagai berikut: (lanjutan)                                    risks is as follows: (continued)
                                                                                  Manfaat maksimum per jiwa/ Maximum benefit per life
                                                                               2023                                        2022
                     Tipe risiko/Type of risk                      Jumlah penuh/full amount                       Jumlah 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                              Rp6.000 juta/million / USD300.000            Rp6.000 juta/million / USD300.000
        *) Harus dengan persetujuan reasuransi/Subject to reinsurance approval.



         Untuk setiap tipe risiko yang diidentifikasi di                                   For each type of risk identified above, the
         atas, retensi Perusahaan dibatasi sebesar                                         Company’s       retention    is    capped      at
         Rp750.000.000       (jumlah   penuh)      atau                                    Rp750,000,000 (full amount) or USD62,500
         USD62.500 (jumlah penuh) per orang. Strategi                                      (full amount) per person. This retention strategy
         retensi ini didasarkan atas penelitian retensi                                    is based on retention studies and reinsurance
         dan klaim 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 oleh                                      regard to the expected liability to policyholders.
         pemegang polis. Analisis dibuat dengan                                            The analysis is made in consideration of the
         mempertimbangkan       pengalaman        historis                                 Company’s historical experience that is
         Perusahaan yang didukung dengan penelitian                                        supported with lapse and surrender rate
         lapse dan surrender, penelitian alokasi aset dan                                  studies, asset allocation studies and market
         imbal hasil pasar atas aset yang mendukung                                        return studies of assets that are designated to
         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.




                                                                     151
Page 297
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                 PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                          (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                    SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                           As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                            41. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                  AND POLICIES (continued)

   a.   Risiko asuransi (lanjutan)                                      a.    Insurance risk (continued)

        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,

                                                   2023                2022

        Dwiguna dan kombinasi dwiguna                1.148.520          1.253.641           Endowment & combined endowment
        Kematian jangka warsa                        1.041.096            916.973                              Death term life
        Seumur hidup dan kombinasi                                                                     Whole life & combined
          seumur hidup                                 282.016            265.474                                 whole life
        Kesehatan                                      255.718            123.445                                      Health
        Non-tradisional                                 13.747             39.477                              Non-traditional
        Kecelakaan diri                                  4.671              4.585                          Personal accident

        Total                                        2.745.768          2.603.595                                               Total


   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.




                                                               152
Page 298
                                                                               The original supplementary information included herein
                                                                                                     are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                        As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                         41. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                               AND POLICIES (continued)

   b.   Risiko pasar (lanjutan)                                      b.   Market risk (continued)

        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 a
             masa depan instrumen keuangan akibat                              financial instruments as a result of changes
             perubahan harga pasar (selain yang                                in market price (other than those arising
             berasal dari risiko tingkat suku bunga atau                       from interest rate risk or currency risk),
             risiko mata uang), baik perubahan tersebut                        whether those changes are caused by
             disebabkan oleh faktor tertentu terhadap                          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.

             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,
             2023 dan 31 Desember 2022, investasi                              2023 and December 31, 2022, investments
             Perusahaan masing-masing mencapai                                 represent approximately 88,29% and
             hampir 88,29 % dan 84,60% dari total aset                         84,60%, respectively, of the Company‘s
             Perusahaan.         Investasi       tersebut                      total assets. Those investments classified
             dikategorikan sebagai investasi pada biaya                        as at cost securities, held for trading
             perolehan, efek diperdagangkan atau efek                          securities or securities available-for-sale
             tersedia     untuk     dijual   dan     akan                      and will affect the profit and loss and equity
             memengaruhi laba rugi dan ekuitas                                 of the Company, in the event of changes in
             Perusahaan, pada saat terjadi perubahan                           their market prices. The purpose of the
             harga     pasarnya.      Tujuan   kebijakan                       management policy on price risk is to
             manajemen atas risiko pasar adalah                                reduce and manage the risk at an
             mengurangi dan mengelola risiko pada                              acceptable level and achieve an optimum
             tingkat yang dapat diterima dan mencapai                          return on investment at the same time. In
             hasil investasi yang optimal pada saat yang                       this regard, management performs a
             sama. Oleh karena itu, manajemen                                  periodical review on the securities
             melakukan evaluasi secara periodik atas                           performance,       portfolio     diversification
             performa efek, strategi diversifikasi                             strategy and examination of the relevance
             portofolio dan pemeriksaan relevansi                              of those instruments on long-term strategic
             instrumen-instrumen tersebut terhadap                             plan.
             rencana strategis jangka panjang.




                                                            153
Page 299
                                                                                                      The original supplementary information included herein
                                                                                                                            are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                  PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                           (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                     SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                            As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                          41. 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:
                                                         2023                                      2022

                                            Jumlah                                    Jumlah
                                             dalam                                     dalam
                                           mata uang                                 mata uang
                                              asal/             Setara dalam            asal/             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 dan bank                                                                                                                     Cash on hand
                                              5.445.724                  83.951   USD    6.202.074                 97.565                  and in banks
             Piutang premi                       95.323                   1.470   USD       66.431                  1.045               Premium receivables
             Piutang investasi                  245.772                   3.838   USD    2.891.918                 45.492             Investment receivables
             Investasi                       28.352.981                 437.089   USD   32.366.601                509.159                       Investments
             Pinjaman polis                      64.428                     993   USD       38.838                    611                       Policy loans

             Total aset                                                 527.341                                    653.872                        Total assets

             Liabilitas                                                                                                                               Liabilities
             Utang reasuransi                     3.409                      53   USD       2.575                       41                  Due to reinsurers
             Utang lain-lain                  1.123.694                  17.323   USD     960.843                   15.115                    Other liabilities
             Liabilitas manfaat                                                                                                             Liability for future
                polis masa depan             14.413.536                 222.199   USD   15.807.491                248.668                policy benefits
             Liabilitas unit link            11.498.839                 177.266   USD   15.783.735                248.294                Liability for unit link
             Utang klaim                        134.457                   2.073   USD      171.397                  2.696                     Claims payable
             Estimasi liabilitas klaim          252.034                   3.885   USD      226.919                  3.570                   Estimated claims
                                                                              -   SGD          137                      2                          liability
             Simpanan pemegang polis            131.475                   2.027   USD       65.072                  1.024              Policyholders’ deposit

             Total liabilitas                                           424.826                                   519.410                       Total liabilities

             Total aset neto                                            102.515                                   134.462                   Total net assets




                                                                          154
Page 300
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                       41. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                             AND POLICIES (continued)
   b.   Risiko pasar (lanjutan)                                    b.   Market risk (continued)

        2.   Risiko mata uang (lanjutan)                                2.   Currency risk (continued)

             Pada tanggal 31 Desember 2023 dan                               As of December 31, 2023 and 2022, if the
             2022, 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 Rp5.126 dan Rp6.723 lebih tinggi                         Rp5,126 and Rp6,723 higher or lower,
             atau lebih rendah, terutama disebabkan                          respectively, mainly as a result of foreign
             karena keuntungan atau kerugian selisih                         exchange gain or loss on translation of
             kurs atas translasi mata uang asing.                            foreign currencies.
        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.


                                                          155
Page 301
                                                                                                             The original supplementary information included herein
                                                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                    As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                              41. 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:
                                                                           2023

                                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         6.66%      1.002.913      1.002.913                    -                    -                 -           Time deposits
           Efek utang                 7.78%      8.473.728      1.237.297            2.513.615            3.662.799         1.060.017          Debt securities
           Pinjaman hipotik           0,55%          3.292              -                  791                2.133               368          Mortgage loans

        Mata uang asing:                                                                                                                      Foreign currencies:
          Deposito berjangka          4.25%          7.704          7.704                    -                    -                 -          Time deposits
          Efek utang                  5.62%        294.589         35.455               40.595               49.639           168.900          Debt securities
        Sub - total                              9.782.226      2.283.369            2.555.001            3.714.571         1.229.285                  Sub - total
        Pinjaman polis:                                                                                                                              Policy loans:
           Rupiah                       10%          1.459           426                 1.033                        -                -               Rupiah
           Mata uang asing               5%            993           487                   506                        -                -    Foreign currencies
        Sub - total                                  2.452           913                 1.539                        -                -               Sub - total
        Total                                    9.784.678      2.284.282            2.556.540            3.714.571         1.229.285                       Total



                                                                           2022

                                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         4.77%        806.551        806.551                    -                    -                 -           Time deposits
           Efek utang                 7.98%      7.326.261        984.445            2.309.783            3.455.333           576.700          Debt securities
           Pinjaman hipotik           1.87%          4.631            304                1.452                2.494               381          Mortgage loans

        Mata uang asing:                                                                                                                      Foreign currencies:
          Deposito berjangka             3%         15.721         15.721                    -                    -                 -          Time deposits
          Efek utang                  5.34%        296.810         46.937               52.254               40.608           157.011          Debt securities

        Sub - total                              8.449.974      1.853.958            2.363.489            3.498.435           734.092                  Sub - total

        Pinjaman polis:                                                                                                                              Policy loans:
           Rupiah                       14%          1.651          1.349                  302                        -                -               Rupiah
           Mata uang asing               6%            611            544                   67                        -                -    Foreign currencies

        Sub - total                                  2.262          1.893                  369                        -                -               Sub - total

        Total                                    8.452.236      1.855.851            2.363.858            3.498.435           734.092                       Total




                                                                           156
Page 302
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                           41. 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                                                Sensitivity analysis

              Celah antara aset dan liabilitas tingkat suku                       The gap between asset and liability interest
              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 100 basis
              kurva imbal hasil, yang ditunjukkan dengan                          point for Rupiah-denominated instruments
              100 basis poin untuk instrumen denominasi                           and a 50 basis point for foreign currency
              Rupiah dan 50 basis poin untuk instrumen                            denominated instruments.
              yang berdenominasi mata uang asing.

              Jika tingkat suku bunga investasi dan                               If interest rate of investments and policy
              pinjaman polis meningkat atau menurun                               loans increased or decreased by 100 basis
              100 basis poin untuk Rupiah dan 50 basis                            points for Rupiah and 50 basis points for
              poin untuk mata uang asing dengan                                   foreign currency with all other variables
              variabel lain konstan pada tanggal 31                               held constant as of December 31, 2023
              Desember 2023 dan 31 Desember 2022,                                 and December 31, 2022, income before
              laba sebelum pajak penghasilan akan                                 income tax expenses would have been
              menjadi Rp5.930 dan Rp5.392 lebih tinggi                            Rp5,930 and Rp5,392 higher or lower,
              atau lebih rendah.                                                  respectively.

   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 in
        partisipasi bank di program Lembaga Penjamin                        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.



                                                              157
Page 303
                                                                                                                The original supplementary information included herein
                                                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                                  As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                                  41. 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

                                                                2023                        2022

            Instrumen keuangan:                                                                                                              Financial instruments:
               Bank                                                    780.784                1.363.406                                           Cash in banks
               Piutang premi                                            48.592                   53.968                                     Premium receivables
               Piutang investasi                                       157.775                  173.175                                   Investment receivables
               Piutang reasuransi                                       26.093                   17.991                                  Reinsurance receivables
               Piutang koasuransi                                            -                   32.808                                  Coinsurance receivables
               Piutang lain-lain                                        22.416                   14.520                                        Other receivables
               Investasi                                            13.202.709               13.143.571                                             Investments
               Aset lain-lain - jaminan                                  3.818                    3.614                                   Other assets - deposits

            Total                                                   14.242.187               14.803.053                                                             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, 2023

                                              Telah jatuh tempo namun tidak mengalami penurunan nilai/
                           Kerugian                          Past due but not impaired                                                  Belum
                             kredit                                                                                                      jatuh
                         ekspektasian/                                                                                                  tempo/
                           Estimated             30 hari/               60 hari/            90 hari/               >90 hari/            not yet            Total/
                         Credit Loses             days                   days                days                    days              past due            Total

     Bank/
        Cash in banks             1.736                     -                      -                     -                     -          779.048             780.784
     Piutang premi/
        Premium
            receivables           1.078              37.598                   2.441                 2.541              4.934                      -            48.592
     Piutang investasi/
        Investment
            receivables               -                     -                          -                    -                  -           157.775            157.775
     Aset reasuransi -
        piutang reasuransi/
        Reinsurance assets -
            reinsurance
            receivables                   -            3.536                     682                4.703              17.172                     -           26.093
     Piutang lain-lain/
        Other receivables             4               10.516                  4.164                 4.031               3.701                    -             22.416
     Investasi/Investments        2.003                    -                      -                     -                   -           13.202.709         13.204.712
     Aset lain-lain
        - jaminan/
        Other assets -
            deposits                  -                         -                  -                    -                          -        3.818               3.818

                                  4.821              51.650                  7.287              11.275                 25.807           14.143.350         14.244.190




                                                                            158
Page 304
                                                                                                   The original supplementary information included herein
                                                                                                                         are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                              PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                       (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                                 SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                        As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                        41. 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, 2022

                                            Telah jatuh tempo namun tidak mengalami penurunan nilai/
                              Kerugian                     Past due but not impaired                                   Belum
                                kredit                                                                                  jatuh
                            ekspektasian/                                                                              tempo/
                              Estimated        30 hari/           60 hari/        90 hari/            >90 hari/        not yet            Total/
                            Credit Loses        days               days            days                 days          past due            Total

        Bank/
           Cash in banks            3.770                  -                 -                 -                  -      1.359.636         1.363.406
        Piutang premi/
           Premium
               receivables            309          39.021              3.152          10.380                1.106                -            53.968
        Piutang investasi/
           Investment
               receivables              -                  -                 -                 -                  -       173.175           173.175
        Aset reasuransi -
           piutang reasuransi/
           Reinsurance assets -
               reinsurance
               receivables              -                 95           1.078                 657          16.161                 -            17.991
        Piutang koasuransi/
           Coinsurance
               receivables              -            1.740             2.201              2.193           26.674                 -            32.808
        Piutang lain-lain/
           Other receivables           10            4.144             3.866              3.256             3.244               -             14.520
        Investasi/Investments       3.191                -                 -                  -                 -      13.143.571         13.146.762
        Aset lain-lain
           - jaminan/
           Other assets -
               deposits                 -                  -                 -                 -                  -          3.614             3.614

                                    7.280          45.000             10.297          16.486              47.185       14.679.996         14.806.244



         (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.




                                                                      159
Page 305
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                          41. 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, 2023

                                   Jumlah/                          Neto/
                                   Amount             ECL            Net             %

          Korporasi                 4.299.999           (1.108)     4.298.891                30                      Corporate
          Bank                      3.185.911           (3.627)     3.182.284                22                          Banks
          Pemerintah                6.725.508              (86)     6.725.422                48                   Government
          Perusahaan asuransi/                                                                           Insurance/reinsurance
             reasuransi                31.481                 -       31.481                  -                   companies
          Ritel                         4.109                 -        4.109                  -                          Retail

          Total                    14.247.008           (4.821)    14.242.187              100                              Total



                                                   31 Desember/December 31, 2022

                                   Jumlah/                          Neto/
                                   Amount             ECL            Net             %

          Korporasi                 5.662.017              (366)    5.661.651                39                      Corporate
          Bank                      3.738.310            (6.829)    3.731.481                25                          Banks
          Pemerintah                5.347.834                 -     5.347.834                36                   Government
          Perusahaan asuransi/                                                                           Insurance/reinsurance
             reasuransi                53.283                 -       53.283                  -                   companies
          Ritel                         8.804                 -        8.804                  -                          Retail

          Total                    14.810.248            (7.195)   14.803.053              100                              Total



   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.




                                                            160
Page 306
                                                                                              The original supplementary information included herein
                                                                                                                    are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                                    As of December 31, 2023
 Untuk 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)

41. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                    41. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                          AND POLICIES (continued)

   d.    Risiko likuiditas (lanjutan)                                            d.   Liquidity risk (continued)

         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, 2023

                                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
        Utang reasuransi           51.227          51.227                    -                -                -                   Due to reinsurers
        Utang koasuransi                -               -                    -                -                -                   Due to coinsurer
        Utang komisi               76.227          76.227                    -                -                -               Commissions payable
        Beban akrual               93.919          93.919                    -                -                -                 Accrued expenses
        Utang lain-lain           299.805         156.512                    -                -          143.293                     Other liabilities
        Utang klaim                53.140          53.140                    -                -                -                     Claims payable
        Liabilitas sewa            14.696          14.696                    -                -                -                      Lease liability

                                  589.014         445.721                    -                -          143.293



                                                            31 Desember/December 31, 2022

                                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
        Utang reasuransi           17.562          17.562                  -                  -                -                   Due to reinsurers
        Utang koasuransi           29.043          16.605             12.438                  -                -                   Due to coinsurer
        Utang komisi               74.378          74.378                  -                  -                -               Commissions payable
        Beban akrual               91.600          91.600                  -                  -                -                 Accrued expenses
        Utang lain-lain           229.676          97.584                  -                  -          132.092                     Other liabilities
        Utang klaim                75.304          75.304                  -                  -                -                     Claims payable
        Liabilitas sewa             9.050           9.050                  -                  -                -                      Lease liability

                                  526.613         382.083             12.438                  -          132.092




                                                                 161
Page 307
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

42. RASIO SOLVABILITAS                                          42. SOLVENCY RATIO

   Berdasarkan Peraturan Otoritas Jasa Keuangan                    In accordance with Regulation of Financial Authority
   Nomor 5 Tahun 2023 tentang Perubahan Kedua                      Services Number 5 of 2023 regarding the Second
   Atas Peraturan Otoritas Jasa Keuangan No.                       Amendment to Regulation of Financial Authority
   71/POJK.05/2016 tentang Kesehatan Keuangan                      Services No. 71/POJK.05/2016 regarding The
   Perusahaan        Asuransi    dan       Reasuransi,             Financial Soundness of the Insurance and
   mengharuskan perusahaan asuransi dan reasuransi                 Reinsurance Company requires insurers and
   untuk menghitung cadangan teknis aktuaria dengan                reinsurers to calculate their actuarial technical
   mempertimbangkan arus kas masuk dan keluar di                   reserves by considering future cash inflows and
   masa depan berdasarkan asumsi dan estimasi yang                 cash outflows under predetermined assumptions
   telah ditentukan, ditambah margin risiko.                       and estimates, plus a risk margin.
   Berdasarkan peraturan ini, Perusahaan diharuskan                Under this regulation, the Company is required to
   untuk menjaga tingkat solvabilitas sedikitnya 120%              maintain a solvency margin of at least 120% to
   terhadap batas tingkat solvabilitas minimum.                    minimum solvency margin.
   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, the Company
   Perusahaan telah memenuhi persyaratan minimum                   has met the above minimum solvency ratio
   tingkat solvabilitas dengan tingkat pencapaian                  requirement with ratio 2,011.51% and 2,527.75%,
   solvabilitas Perusahaan adalah sebesar 2.011,51%                respectively (unaudited).
   dan 2.527,75% (tidak diaudit).
   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 Second
   Atas      Peraturan    Otoritas   Jasa    Keuangan              Amendment to Regulation of Financial Authority
   No. 72/POJK.05/2016 tanggal 28 Desember 2016                    Services No. 72/POJK.05/2016 dated December 28,
   tentang Kesehatan Keuangan Usaha Asuransi dan                   2016 regarding Financial Soundness of Insurance
   Usaha Reasuransi dengan Prinsip Syariah,                        and Reinsurance Business with Sharia Principle, the
   Perusahaan diwajibkan untuk memenuhi rasio                      Company is required to have minimum solvency
   solvabilitas untuk dana tabarru’ paling sedikit 100%            ratio for tabarru’ fund of 100% of the risk of loss
   dari risiko kerugian yang mungkin timbul sebagai                which may arise from deviation in management of
   akibat dari deviasi dalam pengelolaan kekayaan dan              assets and liabilities.
   liabilitas.
   Pada tanggal 31 Desember 2022, Perusahaan -                     On December 31, 2022, the Company - Sharia
   Unit Usaha Syariah telah memenuhi persyaratan                   Business Unit has met the above minimum solvency
   minimum tingkat solvabilitas dengan tingkat                     ratio requirement with ratio 137.85%, respectively
   pencapaian solvabilitas Perusahaan adalah sebesar               (unaudited).
   137,85% (tidak diaudit).
   Pada tanggal 31 Desember 2023, Rasio Tingkat                    On December 31, 2023, the Solvency Ratio before
   Solvabilitas sebelum memperhitungkan Aset yang                  taking into account the Available Assets for Qardh
   Tersedia untuk Qardh adalah sebesar 79,62%, dan                 was 79.62%, and become 120% after taking into
   menjadi 120% setelah memperhitungkan Qardh                      account Qardh which was calculated as an Addition
   yang diperhitungkan sebagai penambah Asset yang                 to Tabarru Fund Admitted Asset of Rp 4,506
   diperkenankan Dana Tabarru sebesar Rp4.506                      (unaudited).
   (tidak diaudit).




                                                          162
Page 308
                                                                           The original supplementary information included herein
                                                                                                 are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

43. PERJANJIAN-PERJANJIAN SIGNIFIKAN                            43. 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 has entered into bancassurance
       bancassurance dengan PT Bank Sinarmas Tbk                      agreements with PT Bank Sinarmas Tbk
       (Bank) untuk memasarkan beberapa produk                        (Bank) to market several life insurance
       asuransi   jiwa    yang   dikeluarkan   oleh                   products issued by the Company to the Bank's
       Perusahaan      kepada     nasabah    Bank.                    customers. Under the agreement, the
       Berdasarkan perjanjian tersebut, Perusahaan                    Company will pay some compensation to the
       akan membayarkan sejumlah kompensasi                           Bank if the customer buy the policy offered by
       kepada Bank jika nasabahnya membeli polis                      the Company.
       yang ditawarkan oleh Perusahaan.
        Perjanjian kerjasama ini berakhir untuk waktu                   This agreement will expire for an unspecified
        yang tidak ditentukan, namun jika salah satu                    time, but if either party wants to terminate the
        pihak ingin mengakhiri perjanjian tersebut maka                 agreement it shall notify in writing to the other
        harus memberitahukan secara tertulis kepada                     party at least ninety (90) days prior to the
        pihak lainnya sekurang-kurangnya 90 (sembilan                   expected termination date.
        puluh) hari sebelum tanggal pengakhiran yang
        dikehendaki.
        Pada tanggal 30 November 2017, Perusahaan                       On November 30, 2017, the Company entered
        melakukan perjanjian kerjasama dengan                           into agreement with PT Bank Sinarmas Tbk to
        PT Bank Sinarmas Tbk atas penjualan                             pay in advance fee income regarding the
        beberapa    produk    asuransi jiwa yang                        selling of several life insurance products issued
        dikeluarkan oleh Perusahaan kepada nasabah                      by the Company to the customers of the Bank’s
        Bank Sinarmas Unit Syariah. Perusahaan telah                    Sharia Unit. The Company has paid this
        membayar fee sebesar Rp15.000 yang dicatat                      advance fee income amounting to Rp15,000
        dalam akun “Biaya dibayar di muka - komisi”                     and recorded as “Prepaid expenses -
        dalam laporan posisi keuangan. Pada tanggal                     commissions” account in statement of financial
        31 Desember 2023 dan 2022, saldo komisi                         position. As of December 31, 2023 and 2022,
        dibayar di muka tersebut masing-masing                          the outstanding of the aforementioned
        sebesar RpNihil dan RpNihil.                                    advance fee income is RpNil and RpNil.

        Pada tanggal 29 Januari 2021, Perusahaan                        On January 29, 2021, the Company signed the
        menandatangani addendum kedua atas                              second addendum to the cooperation
        perjanjian kerjasama dengan PT Bank                             agreement with PT Bank Sinarmas Tbk
        Sinarmas Tbk terkait perubahan nama                             regarding the change in the Company's name
        Perusahaan dari PT Asuransi Jiwa Sinarmas                       from PT Asuransi Jiwa Sinarmas MSIG to PT
        MSIG menjadi PT Asuransi Jiwa Sinarmas                          Asuransi Jiwa Sinarmas MSIG Tbk.
        MSIG Tbk.




                                                          163
Page 309
                                                                             The original supplementary information included herein
                                                                                                   are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                            PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                     (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                               SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                      As of December 31, 2023
 Untuk 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)

43. PERJANJIAN-PERJANJIAN                SIGNIFIKAN             43. SIGNIFICANT AGREEMENTS (continued)
    (lanjutan)
   c. Perusahaan melakukan perjanjian kerjasama                     c.   The Company entered into agreements with
      dengan beberapa bank seperti PT Bank CIMB                          several banks such as PT Bank CIMB Niaga
      Niaga Tbk, PT Bank Maybank Indonesia Tbk                           Tbk, PT Bank Maybank Indonesia Tbk and PT
      dan PT Bank Central Asia Tbk untuk kerjasama                       Bank Central Asia Tbk for custodian services
      dalam jasa kustodian dan penitipan surat utang                     and government securities custody and
      negara serta administrasi penyelesaian                             transaction settlement administration sub
      transaksi sub registry.                                            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.

   d. Perusahaan melakukan perjanjian dengan                        d.   The Company entered into agreements with
      beberapa perusahaan manajer investasi untuk                        several investment manager entities to
      mengelola reksa dana-reksa dana yang dimiliki                      manage the Company’s mutual funds. These
      Perusahaan. Perjanjian-perjanjian tersebut akan                    agreements will expire when the mutual funds
      berakhir pada saat produk reksa dana yang                          product becomes due or if a party asks to
      dikelola telah jatuh tempo atau jika salah satu                    terminate the agreement by notify in writing.
      pihak mengajukan penghentian kerjasama
      secara tertulis kepada pihak lainnya.

   e. Perusahaan melakukan perjanjian kerjasama                    e.    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. As of December 31,
      Pada tanggal 31 Desember 2023 dan 2022 total                       2023 and 2022, total fees paid and charged
      fee yang dibayarkan dan dibebankan masing-                         amounted to        Rp2,613 and Rp2,449,
      masing sebesar Rp2.613 dan Rp2.449, dan                            respectively, and recorded as part of “General
      dicatat sebagai bagian dari akun “Beban umum                       and administrative expenses - professional fee”
      dan administrasi - jasa profesional“ pada laporan                  account in the statement of profit or loss and
      laba rugi dan penghasilan komprehensif lain.                       other comprehensive income.

   f. Perusahaan melakukan perjanjian sewa gedung                  f.    The Company entered into an agreement
      berlokasi di Sinarmas MSIG Tower Jln. Jend.                        regarding the rent of a building located in
      Sudirman Kav. 21, Jakarta 12920 dengan PT                          Sinarmas MSIG Tower Jln. Jend. Sudirman
      Duta Cakra Pesona, pihak berelasi, untuk lantai                    Kav. 21, Jakarta 12920 with PT Duta Cakra
      3, 6 dan 7. Gedung tersebut digunakan oleh                         Pesona, a related party, for the 3rd, 6th and 7th
      Perusahaan sebagai Kantor Manajemen dan                            floor. The building is used by the Company as
      Layanan Nasabah Perusahaan. Masa perjanjian                        a Management and Customer Service Office.
      dimulai dari 1 Desember 2017 dan telah                             The period of the agreement starts from
      diperpanjang beberapa kali hingga November                         December 1, 2017 and has been extended
      2023. Setelah masa sewa tahun 2023 selesai,                        several times until November 2023. After the
      jangka waktu perjanjian di perpanjang hingga                       2023 lease period is over, The agreement
      November 2025.                                                     period is extended until November 2025.




                                                          164
Page 310
                                                                                The original supplementary information included herein
                                                                                                      are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                               PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                        (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                  SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                         As of December 31, 2023
 Untuk 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)

43. PERJANJIAN-PERJANJIAN                   SIGNIFIKAN             43. SIGNIFICANT AGREEMENTS (continued)
    (lanjutan)

   g.   Pada tanggal 18 Juni 2019, Perusahaan                         g.    On June 18, 2019, the Company entered an
        melakukan perjanjian kerjasama dengan PT                            agreement with PT Bank Sinarmas Tbk (Bank
        Bank Sinarmas Tbk (Bank Sinarmas), sebagai                          Sinarmas), as a main strategic partner effective
        mitra strategis utama efektif sejak tanggal 1 Juli                  on July 1, 2019 to June 30, 2034. Bank
        2019 sampai 30 Juni 2034. Bank Sinarmas                             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 15
        diamortisasi menggunakan metode garis lurus                         years. As of December 31, 2023 and 2022, total
        selama 15 tahun. Untuk tahun yang berakhir                          amortized amounted to Rp26,667 and
        pada tanggal 31 Desember 2023 dan 2022,                             Rp26,667, respectively, and recorded as part of
        jumlah yang diamortisasi masing-masing                              “Acquisition expenses - commission” account in
        sebesar Rp26.667 dan Rp26.667, dan dicatat                          the statement of profit or loss and other
        sebagai bagian dari akun “Beban akuisisi -                          comprehensive income.
        komisi“ pada laporan laba rugi dan penghasilan
        komprehensif lain.

   h.   Perusahaan menunjuk PT Ashmore Asset                           h.   The Company appoints PT Ashmore Asset
        Management Indonesia, PT Sinarmas Aset                              Management Indonesia, PT Sinarmas Aset
        Manajemen, PT Panin Aset Manajemen, PT                              Manajemen, PT Panin Aset Manajemen, PT
        Syailendra Capital dan PT Bahana TCW                                Syailendra Capital dan PT Bahana TCW
        Investment Management sebagai manager                               Investment Management as investment
        investasi untuk mengelola portofolio sesuai                         managers to manage the portfolio in
        dengan ketentuan pedoman investasi dan atas                         accordance with the provisions of the
        nama perusahaan dalam bentuk Kontrak                                investment guidelines for and on behalf of the
        Pengelolaan Dana (KPD).                                             company in the managing clients’ segregated
                                                                            portfolio (KPD).

        Untuk tahun yang berakhir pada tanggal 31                           For the year ended December 31, 2023 and
        Desember 2023 dan 2022, jumlah yang                                 2022, the amount charged for the above
        dibebankan atas transaksi diatas sebesar                            transactions amounted to Rp18,580 and
        Rp18.580 dan Rp17.070 dan telah dicatat                             Rp17,070, and has been recorded as part of
        sebagai bagian dari akun “Pendapatan                                “Investment income, net - broker fee” in the
        investasi, neto - broker fee“ pada laporan laba                     statement of profit or loss and other
        rugi dan penghasilan komprehensif lain.                             comprehensive income.

        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.




                                                             165
Page 311
                                                                            The original supplementary information included herein
                                                                                                  are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
 Untuk 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)

43. PERJANJIAN-PERJANJIAN               SIGNIFIKAN            43. SIGNIFICANT AGREEMENTS (continued)
    (lanjutan)
   i.   Dimulai sejak tahun 2021, Perusahaan telah                i.    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. Selama tahun                       Company. During 2023 the Company has paid
        2023, Perusahaan telah melakukan tambahan                       additional advance commission to agent as
        pembayaran komisi di awal yang tercatat dalam                   part of “Prepaid expenses - commissions to
        bagian dari akun “Biaya dibayar di muka –                       agent” account amounting to Rp83,766
        komisi untuk agen” sebesar Rp83.766 (2022:                      (2022:Rp65,893). As of December 31, 2023
        Rp65.893 ). Pada tanggal 31 Desember 2023                       and 2022, the outstanding of the
        dan 2022, saldo komisi dibayar di muka                          aforementioned advance commssion to agent
        tersebut masing-masing sebesar Rp136.899                        is Rp136,899 and Rp97,344.
        dan Rp97.344.
        Perjanjian tersebut akan berakhir dengan                        The agreements will expire based on the term
        ketentuan waktu yang telah disepakati pada                      of the contracts by both parties with the period
        kontrak kerjasama kedua belah pihak dengan                      of time from 3 years up to 10 years.
        jangka waktu kontrak berkisar antara 3 tahun
        sampai dengan 10 tahun.


   j.   Pada tanggal 27 Juli 2022, Perusahaan                     j.     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 yang dimulai sejak tanggal                    the period started from August 5, 2022 to
        5 Agustus 2022 sampai dengan 4 Agustus                           August 4, 2024.
        2024.

   k.   Perusahaan melakukan perjanjian kerjasama                  k.    The Company entered into bancassurance
        bancassurance dengan beberapa bank seperti                       agreements with several banks such as PT
        PT Bank Sinarmas Tbk, PT Bank Tabungan                           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
        asuransi.                                                        sales.

        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.

   l.   Pada tanggal 28 November 2022, Perusahaan                 l.     On November 28, 2022, the Company
        melakukan perjanjian dengan PT Bumi                              entered to an agreement with PT Bumi
        Amartha Teknologi Mandiri pekerjaan terkait                      Amartha Teknologi Mandiri concerning
        teknologi informasi yang dimulai tanggal 10                      technology information services the period
        Oktober 2022 sampai dengan tanggal 31 Maret                      started from October 10, 2022 to March 31,
        2023.                                                            2023.

   m. Pada tanggal 8 Oktober 2018, Perusahaan                     m.     On October 8th, 2018, the Company entered to
      melakukan perjanjian kerjasama pencetakan                          an agreement outsource policy production
      polis dengan PT Reycom Document Solusi                             with PT Reycom Document Solusi the period
      yang dimulai tanggal 1 Desember 2018.                              started from December 1st, 2018.

        Perjanjian kerjasama tetap berlaku sampai                        This agreement will be valid for an unlimited
        dengan waktu tidak terbatas.                                     time.

                                                        166
Page 312
                                                                          The original supplementary information included herein
                                                                                                are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
 Untuk 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)

44. LIABILITAS KONTINJENSI                                    44. CONTINGENT LIABILITY

   Pada bulan Januari 2022, Perusahaan menjadi pihak             In January 2022, the Company became First
   tergugat 1 atas gugatan perdata tanggung renteng              defendant under a Joint Liability Lawsuit with lawsuit
   dengan Nomor Perkara 54/Pdt.G/2022/PN.Mnd dan                 Number         54/Pdt.G/2022/PN.Mnd               and
   61/Pdt.G/2022/PN.Mnd Tuntutan ganti rugi materiil             61/Pdt.G/2022/PN.Mnd. The claim for material
   yang diajukan dalam kedua gugatan di atas adalah              compensation filed in the two lawsuits above is
   sebesar Rp83.550, ganti rugi kehilangan keuntungan            Rp83,550, compensation for opportunity loss of 5%
   5% per bulan dan denda keterlambatan 6% per tahun             per month and a late penalty of 6% per year from
   sejak Mei 2020 sampai dengan putusan                          May 2020 until the decision is carried out, and
   dilaksanakan, dan Rp100.000 untuk kerugian                    Rp100,000 for immaterial losses.
   immateriil.

   Perusahaan, sebagai korban pemalsuan polis, telah             The Company, as victim of insurance policy
   melimpahkan kasus ini ke jalur hukum. Mengacu                 counterfeit, submitted the case to the law
   pada fakta-fakta di persidangan, Pengadilan Negeri            enforcement process. Based on the court facts
   Manado      telah    menetapkan     putusan    No.            where Manado District Court already decided and
   125/Pid.Sus./2021/PN Mnd. dimana pelaku (mantan               stipulated in their decree No. 125/Pid.Sus./2021/PN
   tenaga pemasar tersebut) telah dinyatakan bersalah            Mnd. The Company’s former salesforce punished
   dan menerima hukuman pidana penjara.                          guilty and sentenced to jail.


   Pada 6 Februari 2023, Pengadilan Negeri Manado                On 6 February 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
   dimana Perusahaan secara tanggung renteng                     61/Pdt.G/2022/PN.Mnd. where the Company is
   bertanggung jawab atas kedua gugatan tersebut                 jointly and severally responsible for the two lawsuits
   berupa ganti rugi materiil sebesar Rp82.253 ganti rugi        in the form of material compensation of Rp82,253
   kehilangan keuntungan 5% per bulan dan denda                  compensation for opportunity loss of 5% per month
   keterlambatan 6% per tahun sejak Mei 2020 sampai              and late penalty of 6% per year from May 2020 until
   dengan putusan dilaksanakan, dan Rp 50.000 untuk              the decision is implemented, and Rp50,000 for
   kerugian immateriil. Atas keputusan Pengadilan                immaterial losses. Based on this decision of the
   Negeri Manado ini, Perusahaan telah mengajukan                Manado District Court, the Company has appealed
   banding ke Pengadilan Tinggi Negeri Manado.                   to the Manado District High Court.




                                                        167
Page 313
                                                                                  The original supplementary information included herein
                                                                                                        are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                                PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                         (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                                   SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                          As of December 31, 2023
 Untuk 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)

44. LIABILITAS KONTINJENSI (lanjutan)                             44. CONTINGENT LIABILITY (continued)
   Pada 22 Mei 2023 dan 19 Juni 2023 Pengadilan                       On May 22, 2023 and June 19, 2023, Manado High
   Tinggi Negeri Manado telah menetapkan putusan                      District Court has issued a court decision with Case
   dengan Nomor Perkara 92/PDT/2023/PT Mnd. dan                       Numbers         92/PDT/2023/PT          Mnd.      and
   101/PDT/2023/PT Mnd. dimana Perusahaan secara                      101/PDT/2023/PT Mnd. where the Company is
   tanggung renteng bertanggung jawab atas kedua                      jointly and severally responsible for the two lawsuits
   gugatan tersebut berupa ganti rugi materiil sebesar                in the form of material compensation of Rp82,253
   Rp82.253 ganti rugi kehilangan keuntungan Rp2.000                  compensation for opportunity loss of Rp2,000 per
   per bulan dan denda keterlambatan Rp1.000 per                      month and late penalty of Rp1,000 per year from
   tahun sejak Mei 2020 sampai dengan putusan                         May 2020 until the decision is implemented, and
   dilaksanakan, dan Rp 10.000 untuk kerugian                         Rp10,000 for immaterial losses.
   immateriil.

   Atas Putusan Pengadilan Negeri Tinggi Manado                       Upon Manado District Court Decision, the Company
   tersebut, Perusahaan telah menggunakan hak                         has exercised its legal rights by submitting an appeal
   hukumnya dengan mengajukan upaya hukum                             process to the upper court at Supreme Court on
   banding ke pengadilan tingkat lanjut pada Mahkamah                 June 27, 2023, thus the Manado High Court decision
   Agung pada tanggal 27 June 2023, sehingga putusan                  announced to the Company has no legal impact to
   Pengadilan Tinggi Negeri Manado yang diberikan                     the Company since the Court Decision is still on the
   kepada Perusahaan belum berdampak atau                             second stage and has not validly binding.
   berpengaruh secara hukum terhadap Perusahaan
   karena Putusan tersebut adalah putusan di tingkat
   kedua dan belum berkekuatan hukum tetap.

   Walaupun belum ada kepastian yang jelas mengenai                   Although there is no certainty on future cash outflow,
   jumlah kas keluar dimasa mendatang pada tanggal                    As of December 31, 2023, the Company has
   31 Desember 2023 Perusahaan telah membentuk                        provided an allowance (presented in “Other
   cadangan (disajikan dalam akun “Liabilitas Lain-lain”)             Liabilities” account) for such pending lawsuits filed
   untuk tuntutan hukum yang belum diputuskan ini                     against the Company amounting to Rp128,148
   sebesar Rp128.148 (2022: Rp38.148) (Catatan 25).                   (2022: Rp38,148) (Note 25). Management believes
   Manajemen berpendapat bahwa jumlah cadangan                        that the allowance formed is adequate to cover
   yang dibentuk atas kemungkinan timbulnya kerugian                  possible losses arising from pending lawsuits
   akibat tuntutan hukum yang belum diputuskan atau                   currently in progress.
   masih dalam proses tersebut telah memadai.
45.TAMBAHAN INFORMASI ARUS KAS                                    45. 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,
                              2023       Cash flow       Additions      Others            2023

   Liabilitas sewa               9.050       (10.741)        16.573           (186)          14.696                    Lease liabilities

                                                             Non-arus kas/
                                                             Non-cash flows

                           1 Januari/                                                 31 Desember/
                           January 1,    Arus kas/      Penambahan/    Lainnya/       December 31,
                              2022       Cash flow       Additions      Others            2022

   Liabilitas sewa              20.474       (11.753)             -            329            9.050                    Lease liabilities



                                                           168
Page 314
                                                                       The original supplementary information included herein
                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                  As of December 31, 2023
 Untuk 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)

46. STANDAR    AKUNTANSI   YANG    TELAH                    46. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                        YET EFFECTIVE
   Standar akuntansi yang telah diterbitkan sampai            The accounting standards that have been issued up
   tanggal penerbitan laporan keuangan Perusahaan             to the date of issuance of the Company’s financial
   namun belum berlaku efektif diungkapkan berikut ini.       statements, but not yet effective are disclosed
   Perusahaan bermaksud untuk menerapkan standar              below. Company intends to adopt these standards,
   tersebut, jika dipandang relevan, saat telah menjadi       if applicable, when they become effective.
   efektif.
  Mulai efektif pada atau setelah tanggal 1 Januari            Effective beginning on or after January 1, 2024
  2024

   Pilar Standar Akuntansi Keuangan                            Financial Accounting Standards Pillars

   Standar ini memberikan persyaratan dan pedoman             These standards provides requirements and
   bagi entitas untuk menerapkan standar akuntansi            guidelines for entities to apply the correct financial
   keuangan yang benar dalam menyusun laporan                 accounting standards in preparing general purpose
   keuangan bertujuan umum. Akan ada 4 (empat)                financial statements. There will be 4 (four) financial
   standar akuntansi keuangan yang saat ini diterapkan        accounting standards that are currently applied in
   di Indonesia, yaitu:                                       Indonesia, namely:
   1. Pilar 1 Standar Akuntansi Keuangan                       1. Pillar 1 International Financial Accounting
        Internasional,                                             Standards,
   2. Pilar 2 Standar Akuntansi Keuangan Indonesia             2. Pillar 2 Indonesian Financial Accounting
        (PSAK),                                                    Standards (PSAK),
   3. Pilar 3 Standar Akuntansi Keuangan Indonesia             3. Pillar 3 Indonesian Financial Accounting
        untuk Entitas Swasta/Standar Akuntansi                     Standards for Private Entities/Indonesian
        Keuangan Indonesia untuk Entitas Tanpa                     Financial Accounting Standards for Entities
        Akuntabilitas Publik, dan                                  without Public Accountability, and
   4. Pilar 4 Standar Akuntansi Keuangan Indonesia             4. Pillar 4 Indonesian Financial Accounting
        untuk Entitas Mikro Kecil dan Menengah.                    Standards for Micro Small and Medium
                                                                   Entities.

   Standar Akuntansi Keuangan Internasional                    International Financial Accounting Standard

   Standar ini merupakan adopsi penuh dari                     This standard is a full-adoption of International
   International Financial Reporting Standards (“IFRS”)        Financial Reporting Standards (“IFRS”) which is
   yang diterjemahkan kata demi kata dan tidak ada             translated in a word-for-word basis and there is no
   modifikasi dari Standar IFRS, termasuk tanggal              modifications from IFRS Standards, including the
   efektifnya. Entitas yang memenuhi persyaratan dapat         effective date. Entities that meet the requirements
   menerapkan standar ini, sejak tanggal efektif.              can apply this standard, from the effective date.

   Nomenklatur Standar Akuntansi Keuangan                      Financial Accounting Standards Nomenclature

   Standar ini ini mengatur penomoran baru untuk               This standard regulates the new numbering for
   standar akuntansi keuangan yang berlaku di                  financial accounting standards applicable in
   Indonesia yang diterbitkan oleh DSAK IAI.                   Indonesia issued by DSAK IAI.




                                                      169
Page 315
                                                                       The original supplementary information included herein
                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                       PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                          SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                 As of December 31, 2023
 Untuk 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)

46. STANDAR    AKUNTANSI   YANG   TELAH                    46. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                       YET EFFECTIVE (continued)
    (lanjutan)

   Mulai efektif pada atau setelah tanggal 1 Januari          Effective beginning on or after January 1, 2024
   2024 (lanjutan)                                            (continued)

   Amandemen PSAK 1: Liabilitas Jangka Panjang                Amendment of PSAK 1: Non-current Liabilities with
   dengan Kovenan                                             Covenants

    Amandemen ini menentukan persyaratan untuk                The amendments specify the requirements for
    mengklasifikasikan suatu liabilitas sebagai jangka        classifying liabilities as current or non-current and
    pendek atau jangka panjang dan menjelaskan:               clarify:
    · hal yang dimaksud sebagai hak untuk                      · what is meant by a right to defer settlement,
       menangguhkan pelunasan,                                 · the right to defer must exist at the end of the
    · hak untuk menangguhkan pelunasan harus ada                   reporting period,
       pada akhir periode pelaporan,
    · klasifikasi tersebut tidak dipengaruhi oleh             ·   classification is not affected by the likelihood
       kemungkinan entitas akan menggunakan hakya                 that an entity will exercise its deferral right, and
       untuk menangguhkan liabilitas, dan
    · hanya jika derivatif melekat pada liabilitas            ·   only if an embedded derivative in a convertible
       konversi tersebut adalah suatu instrumen                   liability is an equity instrument would the terms
       ekuitas, maka syarat dan ketentuan dari suatu              and conditions of a liability will not impact its
       liabilitas konversi tidak akan berdampak pada              classification.
       klasifikasinya.

    Selain itu, persyaratan telah diperkenalkan untuk         In addition, a requirement has been introduced to
    mewajibkan pengungkapan ketika suatu kewajiban            require disclosure when a liability arising from a loan
    timbul dari pinjaman perjanjian diklasifikasikan          agreement is classified as non-current and the
    sebagai tidak lancar dan hak entitas untuk menunda        entity’s right to defer settlement is contingent on
    penyelesaian bergantung pada kepatuhan terhadap           compliance with future covenants within twelve
    persyaratan di masa depan dalam waktu dua belas           months.
    bulan.

    Amendemen tersebut berlaku efektif untuk periode          The amendments are effective for annual reporting
    pelaporan tahunan yang dimulai pada atau setelah          periods beginning on or after January 1, 2024
    1 Januari 2024 secara retrospektif dengan                 retrospectively with early adoption permitted.
    penerapan dini diperkenankan.

    Perusahaan saat ini sedang menilai dampak dari            The Company is currently assessing the impact of
    amandemen      tersebut   untuk    menentukan             the amendment to determine the impact they will
    dampaknya    terhadap    pelaporan   keuangan             have on the Company’s financial reporting.
    Perusahaan.




                                                     170
Page 316
                                                                       The original supplementary information included herein
                                                                                             are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                        PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                 (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                           SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                  As of December 31, 2023
 Untuk 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)


46. STANDAR    AKUNTANSI   YANG   TELAH                     46. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                        YET EFFECTIVE (continued)
    (lanjutan)

   Mulai efektif pada atau setelah tanggal 1 Januari           Effective beginning on or after January 1, 2024
   2024 (lanjutan)                                             (continued)

   Amandemen PSAK 73: Liabilitas Sewa dalam Jual               Amendment to PSAK 73: Lease Liability in a Sale
   Beli dan Sewa-balik                                         and Leaseback

   Amandemen PSAK 73 Sewa menetapkan                           The amendment to PSAK 73 Leases specifies the
   persyaratan yang digunakan penjual-penyewa                  requirements that a seller-lessee uses in
   dalam mengukur kewajiban sewa yang timbul dalam             measuring the lease liability arising in a sale and
   transaksi jual beli dan sewa-balik, untuk memastikan        leaseback transaction, to ensure the seller-lessee
   penjual-penyewa tidak mengakui jumlah setiap                does not recognise any amount of the gain or loss
   keuntungan atau kerugian yang terkait dengan hak            that relates to the right of use it retains.
   guna yang dipertahankan.

   Amandemen berlaku secara retrospektif untuk                 The amendment applies retrospectively to annual
   periode pelaporan tahunan yang dimulai pada atau            reporting periods beginning on or after 1 January
   setelah 1 Januari 2024. Penerapan dini                      2024. Earlier application is permitted. The
   diperkenankan. Perusahaan saat ini sedang menilai           Company is currently assessing the impact of the
   dampak     dari   amandemen     tersebut   untuk            amendment to determine the impact they will have
   menentukan dampaknya terhadap pelaporan                     on the Company’s financial reporting.
   keuangan Perusahaan.


   Mulai efektif pada atau setelah 1 Januari 2025              Effective beginning on or after January 1, 2025

  PSAK No. 74: Kontrak Asuransi                                PSAK No. 74: Insurance Contracts

  Standar akuntansi baru yang komprehensif untuk               A comprehensive new accounting standard for
  kontrak asuransi yang mencakup pengakuan dan                 insurance contracts covering recognition and
  pengukuran, penyajian dan pengungkapan, pada saat            measurement, presentation and disclosure, upon
  berlaku efektif PSAK 74 akan menggantikan PSAK               its effective date, PSAK 74 will replace PSAK 62:
  62: Kontrak Asuransi. PSAK 74 berlaku untuk semua            Insurance Contracts. PSAK 74 applies to all types
  jenis kontrak asuransi, jiwa, non-jiwa, asuransi             of insurance contracts, life, non-life, direct
  langsung dan reasuransi, terlepas dari entitas yang          insurance and re-insurance, regardless of the
  menerbitkannya, serta untuk jaminan dan instrumen            entities issuing them, as well as to certain
  keuangan tertentu dengan fitur partisipasi tidak             guarantees and financial instruments with
  mengikat, serta beberapa pengecualian ruang lingkup          discretionary participation features, while a few
  akan berlaku. Tujuan keseluruhan dari PSAK 74                scope exceptions will apply. The overall objective of
  adalah untuk menyediakan model akuntansi untuk               PSAK 74 is to provide an accounting model for
  kontrak asuransi yang lebih bermanfaat dan konsisten         insurance contracts that is more useful and
  untuk asuradur.                                              consistent for insurers.

  PSAK 74 berlaku efektif untuk periode pelaporan yang         PSAK 74 is effective for reporting periods beginning
  dimulai pada atau setelah tanggal 1 Januari 2025,            on or after 1 January 2025, with comparative
  dengan mensyaratkan angka komparatif. Penerapan              figures required. Early application is permitted,
  dini diperkenankan bila entitas juga menerapkan              provided the entity also applies PSAK 71 and PSAK
  PSAK 71 dan PSAK 72 pada atau sebelum tanggal                72 on or before the date of initial application of
  penerapan awal PSAK 74. Perusahaan sedang                    PSAK 74. The Company is currently evaluating the
  mengevaluasi dampak PSAK 74 saat diadopsi                    impact of the first adoption of PSAK 74 on the
  pertama kali terhadap pelaporan keuangan                     Company's financial reporting.
  Perusahaan.


                                                      171
Page 317
                                                                         The original supplementary information included herein
                                                                                               are in the Indonesian language.


   PT MSIG LIFE INSURANCE INDONESIA TBK                          PT MSIG LIFE INSURANCE INDONESIA TBK
         (DAHULU PT ASURANSI JIWA                                   (FORMERLY PT ASURANSI JIWA
             SINARMAS MSIG TBK)                                             SINARMAS MSIG TBK)
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                    As of December 31, 2023
 Untuk 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)

47. PENYELESAIAN LAPORAN KEUANGAN                             47. 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            Company’s Directors on March 28, 2024.
  28 Maret 2024.




                                                        172
Page 318
PT MSIG Life Insurance Indonesia Tbk
Kantor Manajemen & Layanan Nasabah Sinarmas MSIG Tower 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@smsiglife.co.id



       @msiglife                     MSIG Life


       MSIG Life                     MSIG Life




2023               Laporan Tahunan dan Keberlanjutan
                   Annual Report and Sustainability Report


PT MSIG Life Insurance Indonesia Tbk berizin dan diawasi oleh Otoritas Jasa Keuangan

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Published30 Apr 2024
Pages318
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Names mentioned 183 people and organisations named in the text · linked when the evidence is strong

linked org PT MSIG Life Insurance Indonesia Tbk · PT MSIG Life Insurance Indonesia Tbk p.2 ×287
linked org Bank KB Bukopin Tbk p.9 ×6
linked org Sinarmas Land p.10 ×4
linked org PT Bank Tabungan Negara (Persero) p.10 ×7
linked person Indra Widjaja · Presiden Komisaris p.13 ×13
linked person Toshinari Tokoi · Commissioner p.16 ×12
linked person Hideaki Nomura · Komisaris p.16 ×11
linked person Ardhayadi Mitroatmodjo p.16 ×6
linked person Sidharta Akmam p.16 ×7
linked person Nazly Parlindungan Siregar · Komisaris Independen p.16 ×11
linked person Satoshi Shiratani · Chairman p.21 ×7
linked person Herman Sulistyo p.21 ×6
linked person Tomoyuki Monden · Chairman p.21 ×7
linked person Andrew Bain · Chairman p.21 ×7
linked person Ken Terada · Chairman p.21 ×7
linked — Mitsui Sumitomo p.24 ×52
linked org Sinar Mas Multiartha Tbk p.24 ×41
linked org Sinar Mas p.26 ×14
linked person Karel Tjahjadi p.32
linked person Bambang Santoso Marsoem p.32
linked person Endy Muhammad Astiwara · Chairman p.32 ×4
linked org PT Sinar Mas Multifinance p.33 ×5
linked org Bank CIMB Niaga p.35 ×6
linked org Astra Sedaya Finance p.36 ×2
linked — Standard Chartered p.40 ×2
linked org PT Bank DBS Indonesia p.40 ×3
linked org Citibank NA p.40 ×2
linked — AJB Bumiputera p.42
possible org Otoritas Jasa Keuangan p.2 ×37
possible org Bursa Efek Indonesia p.8 ×4
possible org Bank Sinarmas Tbk p.9 ×12
possible person Dr. Satrio p.30 ×2
unresolved org Life Insurance Indonesia Tbk p.2 ×130
unresolved org PT MSIG Life Insurance p.2 ×3
unresolved org Indonesia Tbk p.2 ×4
unresolved org Financial Services Authority p.2 ×7
unresolved org Asuransi Jiwa Sinarmas MSIG Tbk p.4 ×32
unresolved org PT MSIG LIFE Insurance IndonesiaTbk After p.4
unresolved org Indonesia Stock Exchange p.8 ×5
unresolved org Bank KB Bukopin Peluncuran Produk Baru Sinarmas Maxi p.9
unresolved org Padang Peresmian Agen Kantor Mandiri Skystar Corporation p.9
unresolved org Mandiri Skystar Corporation p.9
unresolved org Peresmian Agen Kantor Mandiri Skystar Corporation p.9
unresolved org Skystar Corporation p.9 ×2
unresolved org Bank Batam p.10
unresolved org PT Asuransi MSIG Indonesia p.11 ×2
unresolved org PT Asuransi Jiwa p.11 ×11
unresolved org Sinarmas MSIG Tbk p.11 ×5
unresolved org Insurance Indonesia Tbk p.13 ×2
unresolved person Supporting Committees · Komisaris p.15
unresolved — Pengembangan dan Penguatan Sektor Keuangan (UU P2SK), · Financial Sector Development and Strengthening Act (UU p.16
unresolved — 2024. Optimisme ini didukung dengan pandangan · optimism is supported by the Board of Commissioners’ view p.16
unresolved — diimplementasikan Direksi ke depan, antara lain memperluas · the Board of Directors include expanding retail business reach p.16
unresolved — jangkauan bisnis retail melalui kanal distribusi · through existing distribution channels and developing new p.16
unresolved — pengembangan kanal distribusi digital baru, menyiapkan · digital distribution channels, preparing rebranding programs p.16
unresolved org 74 dan pemisahan Unit Bisnis Syariah, mengembangkan · ecosystem and organizational structure for a better customer p.16
unresolved — Sepanjang tahun 2023, tidak terdapat perubahan terkait · Throughout 2023, there were no changes in the composition p.16
unresolved — Apresiasi · Appreciation p.21
unresolved — Menutup penyampaian · Closing this report, the Board of Directors expresses p.21
unresolved — atas kontribusi dan dukungan yang tidak ternilai · for their invaluable contribution and support in directing the p.21
unresolved — mengarahkan Perseroan menuju pencapaian tujuan strategis. · Company towards achieving strategic goals. The appreciation p.21
unresolved — Ungkapan apresiasi dan terima kasih juga disampaikan · and gratitude are also extended to all employees who have p.21 ×2
unresolved — segenap karyawan yang telah berdedikasi dan berkontribusi · dedicated themselves and contributed maximally to fulfilling p.21
unresolved — jawabnya di Perseroan. Kehadiran dan dedikasi seluruh · and dedication of all internal Company members have p.21
unresolved person Deputy · President Director p.22 ×2
unresolved person Business Aryanti Artisari · Notaris p.24 ×2
unresolved org Mitsui Sumitomo Insurance Co., Ltd. p.24 ×23
unresolved org Sinarmas MSIG Tower Lt. 6 · Nama Perusahaan p.24
unresolved org Sudirman · Company Name p.24
unresolved org PT Asuransi Jiwa Purnamala Internasional Indonesia p.24 ×4
unresolved person Akta Notaris Benny Kristianto p.24
unresolved org Menteri Kehakiman Republik Indonesia p.24
unresolved org PT MSIG Life Insurance Authorized Capital p.24
unresolved person Notary Benny Kristianto p.24
unresolved org Agen Kantor Mandiri Skystar Corporation p.24
unresolved org West Mitsui Sumitomo Insurance Co., Ltd. p.24
unresolved org PT Asuransi Jiwa Purnamala Internasional Indonesia. Kemudian p.25
unresolved org PT MSIG Life p.25
unresolved org Sumitomo Insurance Co., Ltd. p.26 ×9
unresolved org PT Asuransi Jiwa Purnamala p.26 ×2
unresolved org PT Asuransi Jiwa Sinarmas p.26 ×3
unresolved org PT Asuransi Jiwa Eka Life. p.26 ×3
unresolved org AKM Skystar Corporation p.31
unresolved person H. Adam Malik p.31
unresolved person Risk Oversight Committee · Komisaris p.32
unresolved person Ahmadi Sukarno · Member p.32
unresolved person Renova Siregar · President Commissioner p.32 ×2
unresolved person Novelita Siregar · Chairman p.32
unresolved org Departemen Keuangan p.33
unresolved org Pengawas p.33
unresolved org PT Asuransi Sinar Mas p.33 ×8
unresolved org PT Sinar Mas Sekuritas p.33 ×2
unresolved org Bank Internasional Indonesia Tbk p.33 ×6
unresolved org PT Asuransi Jiwa Purnamala Internasional p.33
unresolved org PT Bank Internasional p.33
unresolved org PT Witikco p.33 ×2
unresolved org PT Bimoli. p.33
unresolved org PT Bimoli. Rangkap p.33
unresolved org PT AB Sinar Mas Multifinance p.33 ×2
unresolved org PT KB Insurance. p.33
unresolved org PT KB Insurance. Rangkap p.33
unresolved org Business Administration Exchange Program Insurance Co., Ltd. p.34
unresolved org Career History Sumitomo Insurance Co., Ltd. p.34
unresolved org BOCOM MSIG Life Insurance Co., Ltd. p.34 ×2
unresolved org Asian Life Insurance Business Ltd. p.34
unresolved org Department Mitsui Sumitomo Insurance Co., Ltd. p.34 ×2
unresolved org Non-Executive Director Max Life Insurance Co., Ltd. p.34
unresolved org Max Life Insurance Co., Ltd. p.34
unresolved org India Mitsui Sumitomo Insurance Co., Ltd. p.34
unresolved org Planning Bisnis Luar Negeri Mitsui Sumitomo Insurance Co., Ltd. p.34
unresolved org Fire Insurance Co., Ltd. p.34 ×2
unresolved org Bank Nippon p.34
unresolved org Direksi BOCOM MSIG Life Insurance Co., Ltd. p.34
unresolved org Life Insurance Co., Ltd. p.34
unresolved org Max Financial Services Limited p.34 ×2
unresolved org Bank Indonesia p.35 ×21
unresolved org Bank Indonesia’s Europe Region Representative p.35
unresolved org Bank Indonesia Wilayah Jawa p.35
unresolved org Bank Indonesia’s Regional Office p.35
unresolved org PT Niaga Aset Manajemen p.35 ×6
unresolved org Bank Niaga Tbk p.35 ×12
unresolved person Deputi · Direktur p.35
unresolved org PT Sinar Mas Agro Resources p.35 ×2
unresolved org Technology Tbk p.35 ×2
unresolved org SMART Tbk p.35 ×4
unresolved org Assegaf Hamzah & Partners p.36 ×3
unresolved org Hamzah & Partners p.36
unresolved org PT Asuransi Jiwa Sequis Life p.36 ×2
unresolved org International Tax Manager Deloitte Tax LLP p.36
unresolved org Deloitte Tax LLP p.36
unresolved org PT AIG Insurance Indonesia p.36 ×2
unresolved org PT Syarikat Takaful Indonesia p.36
unresolved org PT Asuransi Takaful Keluarga p.36 ×3
unresolved org PT Syarikat Takaful p.36 ×4
unresolved org PT Syarikat Legal Consultant Office. Indonesia p.36
unresolved org PT Asuransi Takaful Keluarga. Beliau p.36
unresolved org PT Asuransi Jiwa Generali Indonesia p.37
unresolved org PT Panin Life p.37 ×2
unresolved org PT Syarikat p.37
unresolved org PT Prudential Life Assurance. p.37 ×3
unresolved org PT Prudential Life Assurance. Indonesia p.37
unresolved org PT Nano Bank Syariah p.37
unresolved org PT Nano p.37
unresolved org Bank Syariah p.37
unresolved org PT Sinarmas Syariah p.37
unresolved org Career History Insurance Co., Ltd. p.38
unresolved org Departemen Akuntansi Mitsui Marine & Fire Insurance p.38
unresolved org AIG Lippo Life. Insurance Co., Ltd. p.38
unresolved org PT Asuransi Jiwa Insurance Co. p.39
unresolved org PT Panin Dai-Ichi Life p.39 ×12
unresolved org PT Daya Dimensi Indonesia p.40 ×2
unresolved org Perencanaan Pembangunan Nasional p.40
unresolved org Departemen Bisnis Asuransi Jiwa Asia Mitsui p.40
unresolved org Departemen Bisnis Asuransi Jiwa Asia p.40
unresolved org Operational Tbk p.40
unresolved org Assistant Vice President-MSIG Life Insurance Indonesia Tbk p.40
unresolved org Asuransi Jiwa Sinarmas MSIG MSIG Tbk p.40 ×2
unresolved org Departemen Perencanaan Perusahaan p.40
unresolved org Departemen Sumber Daya Manusia Mitsui p.40
unresolved org Human Resources Sumitomo Insurance Co., Ltd. p.40
unresolved org PT Kutai Refinery Nusantara p.42
unresolved org PT Gold Coin Indonesia p.42 ×2
unresolved org PT Bina Karya Trijasa p.42 ×2
unresolved org PT Mitra Wiraperdana p.42
unresolved org PT Mitra Wiraperdanan p.42
unresolved org PT Prudential p.42
unresolved org PT Prudential Life p.42
unresolved org PT Nirmala Piranti Informatika p.42 ×2
unresolved org PT Heksa Solution Insurance p.42 ×2
unresolved org PT Avrist Assurance p.42 ×3
unresolved org PT Avrist p.42
unresolved org Saham Mitsui Sumitomo Insurance Co., Ltd. p.49
unresolved org Kepemilikan Mitsui Sumitomo Insurance Co., Ltd. p.49
unresolved org Aioi Insurance Co., Ltd. p.49 ×2
unresolved org Nissay Dowa General Insurance Co., Ltd. p.49
unresolved org AD Insurance Group Holdings Inc p.49
unresolved org Group Holdings Inc p.49
unresolved org PT Internas Arta p.49
unresolved org PT Internas Arta Leasing p.49
unresolved org PT Sinar p.49
unresolved org Mas Multiartha Tbk. p.49

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