MNC Life

What MNC Life does

PT MNC Life Assurance (DBA: MNC Life) is an Indonesian life insurance company founded in 2010 and headquartered in Jakarta's MNC Bank Tower. It is a subsidiary of publicly listed PT MNC Kapital Indonesia Tbk (IDX: BCAP), operating under the MNC Group conglomerate — described as Southeast Asia's largest integrated media group. The company is licensed and supervised by Indonesia's Otoritas Jasa Keuangan (OJK) and reported a Risk Based Capital ratio of 443.29% in Q1 2026, indicating substantial solvency strength relative to regulatory minimums.

MNC Life offers five core insurance products: life insurance (Asuransi Jiwa), accident insurance, health insurance, education insurance, and bancassurance, distributed through a multi-channel model comprising a direct sales agent force (tenaga pemasar), banking/bancassurance partnerships, and corporate group solutions. The MotionLife mobile application (available on Android and iOS) provides digital self-service for individual and corporate policyholders, covering policy information, premium payments, claims information, and personal data updates. An embedded network of 500+ hospital and clinic partners — including major chains such as Siloam, Hermina, Mayapada, and Mitra Keluarga — enables cashless claim processing. The company also maintains distribution partnerships with INKOPDIT and PANDAI to extend protection access to credit union members.

The business model is built on recurring premium collection from individual mass-market and corporate policyholders, supplemented by bancassurance commission income through banking partners. Revenue is not publicly disclosed. The company is led by President Director Risye Dillianti, and operates solely within Indonesia with no international footprint. The company has no disclosed AI/ML capabilities, no API platform, and no proprietary technology patents identified in the source material.

Name

MNC Life

Legal name

PT MNC Life Assurance

Website

https://mnclife.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

PT MNC Life Assurance is an OJK-licensed Indonesian life insurer (founded 2010) under MNC Group, offering life, accident, health, education, and bancassurance products to individual and corporate customers via agents, banking partners, and the MotionLife digital app.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114)

SIC

Life Insurance (6311)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Group Term Life Insurance (FSAIAAAJ), Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Life insurance
• Accident insurance
• Health insurance
• Education insurance
• Bancassurance distribution

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Life Insurance Premiums: MNC Life generates revenue through collection of insurance premiums from life, accident, health, and education insurance products. Premiums are collected on recurring basis from individual and corporate policyholders.
2. Bancassurance: Distribution of insurance products through banking partnerships, generating commission income and premium revenue.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

MNC Life sells life, accident, health, and education insurance products, as well as bancassurance solutions, to individual and corporate customers across Indonesia. Insurance policies are distributed via a network of sales agents, banking partners, corporate group schemes, and the MotionLife digital platform that supports online policy administration, premium payments, and claims tracking.

Product overview

MNC Life offers a comprehensive life insurance product portfolio consisting of five core insurance products (Life, Accident, Health, Education, and Bancassurance) distributed through multi-channel systems including agents, bancassurance, and corporate solutions. The company also provides MotionLife, a digital platform/app that allows customers to manage their insurance policies online, including viewing individual and employee policy information, making premium payments, tracking claims, and updating personal data.

Differentiator

Problem solved

Functional benefit

Brands

• MotionLife: Mobile application for managing insurance policies online, providing policy information, premium payments, claims information, and data updates.

Products and services

• Asuransi Jiwa (Life Insurance)

Quantifiable outcome

• Risk Based Capital ratio of 443.29% in Q1 2026, well above regulatory minimum

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• INKOPDITcoreStrategic or Co-development PartnerMNC Life has partnered with INKOPDIT (Indonesian Credit Union Central) to expand access to life protection for credit union members across Indonesia.
• PANDAIcoreStrategic or Co-development PartnerMNC Life has partnered with PANDAI (Indonesian Credit Union People's Insurance) to expand access to life protection for credit union members through the cooperative network.
• Network of Hospital and Clinic PartnerscoreOthersExtensive network of over 500+ partner hospitals and clinics across Indonesia including major hospital chains such as Siloam, Hermina, Mayapada, Mitra Keluarga, RSIA, and various independent healthcare facilities to provide cashless claim services to policyholders.
• PT MNC Peduli (MNC Care)minorOthersCorporate social responsibility partnership through MNC Peduli for community protection and welfare programs.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BRI Life: Indonesia's largest bancassurance-focused life insurer, distributing through BRI's extensive rural and micro-banking network. Comparable to MNC Life in product portfolio and partnership-led distribution, though more rural-focused.
• AXA Mandiri Financial Services: Joint venture life insurer in Indonesia offering life, health, and unit-linked products primarily through the Mandiri bank branch network. Comparable to MNC Life in bancassurance-led distribution and life/health product focus.
• Manulife Indonesia: Multinational life insurer in Indonesia offering life, health, accident, and education insurance through agents and bancassurance. Directly comparable in product mix and distribution model, with stronger brand recognition globally.
• Prudential Indonesia (Prudential Life Assurance): One of the largest life insurers in Indonesia, offering life, health, and investment-linked products via agents and bancassurance. Directly comparable to MNC Life in product portfolio and multi-channel distribution model, but with significantly larger scale and global backing.
• BNI Life Insurance: Bank-affiliated life insurer in Indonesia distributing primarily through BNI's branch network via bancassurance, with additional corporate solutions. Comparable to MNC Life's bancassurance and corporate group business lines.
• Allianz Life Indonesia: Major multinational life insurer operating in Indonesia with a broad product suite including life, health, accident, and education-linked plans distributed through agents and bancassurance. Comparable to MNC Life in product breadth and channel mix.
• AIA Financial Indonesia: Leading life insurer in Indonesia with a strong agency force and bancassurance partnerships, offering life, health, and accident protection products. Closely comparable to MNC Life's core product offering and multi-channel GTM approach.
• Zurich Topas Life: Multinational life insurer in Indonesia offering life and health protection products through agency, bancassurance, and digital channels. Comparable to MNC Life in product mix and multi-channel distribution.

Emerging players

• Astra Life: Life insurer backed by the Astra conglomerate in Indonesia, offering life and health products through corporate, agency, and digital channels. Comparable to MNC Life as a conglomerate-affiliated insurer leveraging group synergies.
• Sequislife: Mid-sized Indonesian life insurer offering life, health, and accident products with growing digital capabilities. Comparable to MNC Life as a sub-scale challenger in the Indonesian market with a focus on digital transformation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mnclife
• YouTubeyoutube.com/@mnclife3110
• Facebookfacebook.com/MNCLifeOfficial
• LinkedInid.linkedin.com/company/mnclife
• Instagraminstagram.com/mnclife

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MNC Life