MNC Life Will Open 6 New Branches Soon

Jakarta-MNC Life recorded revenue growth of 41% over 2014. This MNC Capital subsidiaries revenue grew from Rp200,2 billion in 2013 to Rp283,3 billion in 2014.

Its increased revenue (The 83-Bil increment) reflects the success of the strategy adopted by MNC Life over the past year, in the form of sales agents and branches expansion. Until 2014, the number of sales agents grew by 42%. Currently, MNC Life has 24 branches in 10 major cities in Indonesia. It also plans to re-open 6 branches this year.

Accordingly, MNC Life assets had reached Rp425, 4 billion, or grew by 34% from 2013, which hit Rp317, 1 billion. This year, MNC Life plans to drive its performance growth through launching profitable products such as MNC Link. The unit-linked is in cooperation with MNC Asset Management, launched in December 2014.

The President Director of MNC Life, Patricia Rolla Bawata believed that MNC Link will be a significant revenue driver for MNC Life in the future.

MNC Life is the result of PT UOB Life-Sun Assurance acquisition conducted in November 2010. At that time, the operational scale of MNC Life is still very small. Now, MNC Life has grown rapidly. According to Infobank Research Bureau, MNC Life is in the 5th position for a life insurance company with gross premiums between Rp250 billion - Rp500 billion.

Source : www.infobanknews.com

Toyib Abdullah / Gaby Oksavira