Life insurance premium income grows 8.2% in Indonesia’s first half of 2026

Indonesia’s life insurance sector collected Rp94.75 trillion in premiums during the first half of 2026, even as weaker investment performance pulled down total industry revenue.

The Indonesian Life Insurance Association, known as AAJI, said premium income rose 8.2% from a year earlier. The figures came from unaudited financial reports submitted by 56 life insurance companies belonging to the association.

The industry also reported growth in policies and coverage. The number of policies increased 7.7% to 22.44 million, while the number of insured people climbed 24.8% to 153.58 million. Claims and benefit payments reached Rp75.57 trillion, up 4.3% year on year.

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In the first half of 2026, premium income reached Rp94.75 trillion, or 8.2% year on year. This shows that public demand for insurance premiums remains sustained.

AAJI chairman Albertus Wiroyo said the premium figures showed that demand for life insurance protection remained firm. Traditional life insurance premiums rose 6.9% to Rp59.03 trillion, while unit-linked products, which combine insurance with investment, grew 10.3% to Rp35.73 trillion.

The broader revenue picture was weaker. Total industry revenue fell 11.2% to Rp96.39 trillion from Rp108.51 trillion a year earlier. Albertus attributed the decline to pressure on investment results, with stocks, bonds and government securities losing value during the first half of the year.

AAJI said the mix of traditional and unit-linked products reflected different consumer needs. Albertus added that the range of choices should be matched by better education and transparency for customers.

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In terms of the number of policies, the life insurance industry also recorded positive growth of 7.7% to 22.44 million policies. This also shows that life insurance protection is reaching more people in our society.