privateFinancial Strength: Moody's Baa2 (BRI parent)

BRI Life

PT Asuransi BRI Life

65Score

★★★☆☆3.5

Customer satisfaction · 5.0M members

Moody's: Baa2 (BRI Parent)(2025)

BRI Life is a subsidiary of Bank Rakyat Indonesia (BRI), Indonesia's largest bank by customers with a focus on microfinance. It is the third-largest life insurer by equity (IDR 10.17 trillion) and has access to BRI's 10,000+ branch network — the deepest distribution in Indonesia — specializing in micro-insurance for underserved populations.

Overall Score

65/100

Founded

1987

Headquarters

Jakarta

Type

private

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Key Metrics

Equity

IDR 10.17 trillion

Parent Bank

BRI (10,000+ branches)

Revenue

USD ~1.4B

Specialization

Micro-insurance, underserved markets

Editorial Ratings

Moody's: Baa2 (BRI Parent)(2025)

Rating: Baa2 (BRI parent bank) (max: Aaa)

65Moody's

Coverage Highlights

✓Subsidiary of BRI — Indonesia's largest bank by customers
✓Access to BRI's 10,000+ branch network (deepest in Indonesia)
✓Micro-insurance products for underserved populations
✓Third-largest life insurer by equity (IDR 10.17 trillion)
✓Revenue of approximately USD 1.4 billion

Pros

✓Unmatched distribution through BRI branches
✓Focus on micro-insurance and underserved markets
✓Strong equity position
✓Growing health insurance portfolio

Cons

✗Products historically simpler and more basic
✗English services very limited
✗Health insurance less developed than Prudential or AIA
✗Digital platforms catching up

Frequently Asked Questions

What is BRI Life's connection to Bank Rakyat Indonesia?

BRI Life is a subsidiary of Bank Rakyat Indonesia (BRI), Indonesia's largest bank by customers. It leverages BRI's 10,000+ branch network for distribution, particularly in rural areas.

What is BRI Life's specialty?

BRI Life specializes in micro-insurance products for underserved and rural populations, making basic insurance protection accessible through BRI's extensive branch network.

How financially strong is BRI Life?

BRI Life is the third-largest Indonesian life insurer by equity at IDR 10.17 trillion. Its parent BRI holds a Moody's Baa2 rating.

Quick Summary

InsurerBRI Life

Country🇮🇩 Indonesia

Overall Score65/100

Satisfaction3.5/5

Members5.0M

Typeprivate

Founded1987

Other Insurers in Indonesia

Prudential Indonesia

private

92.5

/ 100

Manulife Indonesia

private

/ 100

Allianz Life Indonesia

private

/ 100

AIA Financial Indonesia

private

89.2

/ 100

Sun Life Indonesia

private

87.5

/ 100

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