Commonwealth Life was founded in 1992 under the name Astra Jardine which later changed its name to Astra CMG Life to 2007. Name PT Commonwealth Life was introduced for the first time in July 2007, by the Decree of the Minister of Justice and Human Rights HT.01.04 number W7-07 188-TH 2007 on Approval of Amendment of Articles of Association of the Company Limited.
Commonwealth Life Perusahaan Asuransi Jiwa Terbaik IndonesiaCurrently, the largest Commonwealth Life shares owned by Commonwealth Bank of Australia (CBA) of 80% and 20% by PT Gala Arta Jaya. CBA is one of the leading financial services companies, which dominate the banking and insurance industry in Australia. Two life insurance companies CBA earlier stand was ‘CommInsure’ diAustralia and ‘Sovereign’ in New Zealand which are both the best life insurance companies in each country.
Along with the vision and mission of the company to always be the best, Commonwealth Life continues to develop product and services spread across 19 major cities and is supported by over 5,000 Sales Force across Indonesia that serve individual customers and collection.
Commonwealth Life Perusahaan Asuransi Jiwa Terbaik IndonesiaVISION
Going Best Life Insurance Service Providers in Indonesia, the Best in Customer Service.
ABOUT US
Commonwealth Life began serving customers since 1992 with the name Astra Jardine which later changed its name to Astra CMG Life to 2007. Name PT Commonwealth Life was introduced for the first time in July 2007, by the Decree of the Minister of Justice and Human Rights HT.01.04 number W7-07 188-TH 2007 on Approval of Amendment of Articles of Association of the Company Limited.
Currently, the largest share of Commonwealth Life is owned by the Commonwealth Bank of Australia (CBA) Group by 80% (CMG Asia Life Holdings Limited 50% stake and Commwealth Life International Holdings PTY LTD 30% of shares) and 20% by PT Gala Arta Jaya. CBA is one of the leading financial services companies, which dominate the banking and insurance industry in Australia. Two life insurance companies CBA earlier stand is’ CommInsure ‘in Australia’ and ‘Sovereign’ in New Zealand which are both the best life insurance companies in each country.
Along with the vision and mission of the company to always be the best, Commonwealth Life continues to develop products and services which are spread across 19 major cities and is supported by over 7,500 Sales Force across Indonesia that serve individual customers and collection.
Commonwealth Life offers insurance products such as: protection, savings and investment in the program unit link (Investra Link), traditional life insurance (Danatra Scholar, Danatra Welfare), protection of the savings and loan (COMM Protection), as well as supplemental insurance program (accident insurance, hospitalization insurance, critical illness).
Investra Link
Life Insurance for ChildrenCommonwealth Financial Performance Life has managed to have improved much in the Financial Statements 2011. Post earnings increase with the amount of Rp 181 billion higher than last year, amounting to Rp 148 billion. This increase took effect on other reports such as the postal hike hike capital adequacy ratio (Risk Based Capital – RBC) that is 676% about five times higher than the provision by the government. Total assets in 2010 amounted to Rp 4 trillion and increased to Rp 3.9 trillion in 2011. This achievement will provide motivation to Commonwealth Life to be at a higher level in life insurance companies in Indonesia.For group insurance program (group) and credit protection (credit life), Commonwealth Life partnered with:
- PermataBank
- Commonwealth Bank
- Bank BTPN
- BCA Finance
- BII Maybank
- Bank BNP
| - Bank OCBC NISP
- Bank Index
- Bank Mayora
- Adira Insurance
- Olympindo Multifinance
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Commonwealth Life also distributes its products to the Partner Bank and Non-Bank through Bancassurance. Our business partners include:
- Citibank
- BCA Card
- AstraWorld
- Telkomsel
| - PermataBank
- Commonwealth Bank
- Astra Credit Companies
|
REINSURANCE
To ensure the safety and comfort of customers insured, Commonwealth Life reinsurance companies choose partners who have an international reputation. Credibility is indicated by ratings issued by reputable rating agencies namely:
- Cologne Re (rating AA+ oleh Standard Credit Rating)
- Gen Re (rating AA+ oleh Standard & Poor’s)
- Marein (rating A oleh Pefindo)
- MetLife (rating A+ oleh Standard & Poor’s)
- Munich (rating AA- oleh Standard & Poor’s)
- ReIndo – Reasuransi Indonesia (rating A+ oleh Pefindo)